Newsfeed

Crypto exchange Coinbase notifies users of a Commodity Futures Trading Commission (CFTC) subpoena, demanding user account details and transaction history. The CFTC is potentially preparing for legal action against Dubai-based exchange Bybit. Source: Protos.com

Richard Teng, the recently appointed CEO of Binance, has released his first statement, expressing confidence and resilience by stating, "We have turned the page on Binance’s historical challenges, and we are, in fact, stronger today than we have ever been." This marks a new chapter for the cryptocurrency exchange under Teng's leadership. Source : coingecko.com

"Following Zhao's guilty plea, a magistrate judge allowed his release on a $175 million personal recognizance bond, but the U.S. Department of Justice, expressing concerns about flight risk, the former Binance CEO, is barred from leaving the U.S. while awaiting sentencing, pending a court review of the U.S. government's motion. Source : Coindesk.com

Multinational banking powerhouse Standard Chartered is spearheading the integration of China's CBDC into the global financial system. Through collaboration with City Bank Clearing Services, Standard Chartered's Chinese division now offers exchange services, encompassing recharge and redemption functions for the digital Yuan. Standard Chartered's commitment to digital innovation facilitates broader accessibility and interaction with China's CBDC on a global scale. Source: Crypto.news

In a recent development, a scammer utilizing an HTX wallet defrauded a local resident of €1.2 million ($1.3 million), prompting action from the Netherlands' financial crime unit. An Amsterdam court has ruled that HTX must disclose the scammer's full details, including name, address, zip code, and residence. Despite non-attendance from HTX, the court imposed a €500,000 ($550,000) fine, with daily penalties escalating by €100,000 ($110,000) until compliance, potentially reaching a total of €2 million ($2.2 million). This legal action highlights the consequences faced by HTX for non-cooperation in the investigation. Source: Protos.com

As of the latest data, the global cryptocurrency market cap stands at $1.48 trillion, reflecting a 1.3% change in the last 24 hours. The total trading volume across all cryptocurrencies in the past day amounts to $55.7 billion. Bitcoin dominance remains at 49.4%, while Ethereum dominance holds at 16.7%. These metrics provide a snapshot of the current state of the cryptocurrency market, indicating market capitalization, trading activity, and the distribution of dominance among leading cryptocurrencies. Investors and enthusiasts monitor these figures for insights into market trends and overall health. (Source: Coin Gecko)

HTX, the crypto exchange associated with digital-asset entrepreneur Justin Sun, has successfully reinstated Bitcoin deposits and withdrawals after a recent hacking attack. The exchange, along with another platform backed by Sun, Poloniex, fell victim to separate exploits, potentially resulting in the loss of over $110 million in cryptocurrencies. Justin Sun acknowledged the HTX hack last week, with an HTX spokesperson revealing that approximately $30 million worth of cryptocurrencies were taken from the exchange wallet during the security breach. The restoration of Bitcoin services signals HTX's ongoing efforts to recover and strengthen its platform security. (Source Yahoo Finance)

The European Union's Data Act, recently approved by the European Parliament, includes a controversial provision requiring a "kill switch" for smart contracts, posing potential challenges for decentralized projects. The legislation, passed with 481 votes in favor and 31 against, mandates that smart contracts must be capable of being interrupted and terminated, introducing controls for resetting or halting contracts. The next crucial step for the Data Act is gaining approval from the European Council. The stipulation has sparked concerns within the blockchain community as it appears to deviate significantly from the foundational principle of decentralization. (Source: Coin Telegraph)

The Philippines is integrating blockchain and digital currencies such as Bitcoin, Ethereum, XRP, and Cardano to enhance its financial infrastructure and digital finance. Collaborating with the Bureau of the Treasury, the Central Bank of the Philippines is pioneering the introduction of digital money for government securities. This initiative explores blockchain technology and has already seen the issue of the Philippines' first tokenized Treasury bonds, raising 15 billion pesos (US$271 million) through the Distributed Ledger Technology Registry. (Source: Blockchain Reporter)

Grayscale Investments has resubmitted its Bitcoin Exchange-Traded Fund (ETF) application after engaging in consultations with the U.S. Securities and Exchange Commission (SEC). Grayscale's decision to resubmit the Bitcoin ETF application reflects its strategic intent to bring cryptocurrency investment products to a broader market. By addressing feedback from regulatory authorities and refining operational aspects, Grayscale aims to position itself at the forefront of the evolving digital asset landscape. (Source: Blockchain Reporter)

The total crypto market cap has just surpassed US$1.51 trillion, reaching highest levels since May 2022! This development is being seen as indicative of returning momentum and higher investor interest. (Source: X)

Axie Infinity, the popular blockchain game and metaverse project, has unveiled a novel initiative, allowing NFT owners the commercial rights to produce and sell authorized merchandise. (Source: Crypto News)