This Week on Unchained: SEC v. Coinbase, ETF Issuers, and More!
Don't miss this week's content!
On Wednesday, a federal court in New York heard oral arguments in Coinbase’s motion to dismiss the SEC’s case against it for, among other things, allegedly acting as an unregulated securities exchange. Notably, Judge Katherine Polk Failla pressed the SEC to explain how it has jurisdiction over Coinbase in the case by defining what it considers a security.
Sam Enzer, a partner at Cahill Gorden & Reindel who represents Coinbase but not in this matter, joined Unchained to discuss why this case is so significant for the crypto industry, how he believes the government contradicted itself on the crucial definition of what constitutes a security, why he thinks the judge will not dismiss the case at this early stage, how the Ripple and Terraform Labs cases could be used by each side, and why he thinks Judge Failla is such a perfect choice to rule in this case.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Thursday was a momentous day in crypto as the first SEC-approved spot Bitcoin ETFs finally began trading after more than a decade of waiting, and by almost all accounts, it was a huge success, with more than $625 million in inflows on the first day of trading.
Bitwise CIO Matt Hougan and VanEck head of digital assets research Matthew Sigel joined Unchained to discuss their approaches towards selling their products in the market, the challenges of competing with larger firms like BlackRock and Fidelity, the fee wars and where those are headed, the importance of specialist expertise in the crypto investment space, and how Bitcoin prices might react to all the new supply in the market.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
The Chopping Block: When Will the ETF Hype End?
Welcome to The Chopping Block, where crypto experts Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner bring you inside perspectives on critical topics in the crypto world. This episode delves into the complexities and market impact of crypto ETFs: Are they a game-changer for investors? The team also examines the controversies surrounding Tether, exploring its stability and the implications of recent scandals. They then shift focus to the burgeoning world of asset-backed securities and crypto casinos: What potential and challenges do they present? NFTs and their evolving role beyond digital art are scrutinized, along with the integration of crypto technology in devices like the Solana phone.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.
Or watch it on YouTube.
In Case You Missed It 👀
Here are some of the most important news of this week:
Solana Mobile Is Making a Second Crypto Smartphone
The announcement comes about a month after Solana Mobile indicated it couldn’t fulfill all outstanding orders of its first crypto-integrated Android smartphone, named Saga, which sold out in the United States and European Union.
Grayscale Sends 9,000 Bitcoin to Coinbase as GBTC Outflows Top $1.2 Billion
Crypto asset manager Grayscale sent close to $400 million worth of Bitcoin to Coinbase as investors pulled funds from GBTC.
Federal Judge Presses SEC Over Jurisdiction in Case Against Coinbase
Judge Katherine Polk Failla said she had a “real fear” that the SEC’s definition of a regulated investment contract would include collectibles like Beanie Babies.
Aave DAO to Begin Voting Friday on Whether to Deploy V3 on BNB Chain
The vote to deploy Aave V3 on the blockchain network associated with Binance was created one day after Aave Labs proposed a strategy to integrate its GHO stablecoin across several blockchain networks.
25% of Crypto Developers Have Left the Ecosystem Over the Past Year: Report
The latest developer report from Electric Capital reveals a sobering decline in the active crypto development workforce, despite Ethereum’s strong pull on new talent and the rise of multi-chain development.
Only A Handful of Bitcoin Miners Will Be Profitable After Halving: Report
Analysts believe Riot, TeraWulf and Cleanspark will be the Bitcoin miners best positioned for the upcoming halving event, which will likely make breaking even a more difficult task.
And watch our weekly recap!
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