Court denies Kraken’s motion to dismiss SEC lawsuit
The SEC alleges Kraken is operating an unregistered securities exchange.
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3AC founders run into fresh trouble in Dubai over new exchange OPNX
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SEC is waiting for a chair before setting crypto agenda — Hester Peirce
Donald Trump nominated Paul Atkins as an SEC commissioner following the departure of Gary Gensler and Jaime Lizárraga.

Texas Lt. Governor announces ‘Bitcoin Reserve’ as priority bill for 2025
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China to tighten control on exports of AI chip-making materials
The Chinese government has announced that it plans to control the export of gallium and germanium products that are heavily used to produce semiconductors. The Chinese government has announced plans for export controls on metals predominantly used to manufacture semiconductors used in the development of artificial intelligence (AI) systems.On July 3, the Chinese Ministry of…

Bitcoin Futures Data Shows Market Favors Bulls Despite $1.5K Flash Crash
The sudden $1,500 drop in Bitcoin (BTC) price on August 2 caused over $1 billion worth of liquidations on futures contracts and also led to a sharp decline in the price of many top altcoins. This massive figure represents 18% of the total $5.6 billion open interest and undoubtedly caused the exaggerated move down to $10,560.Interestingly,…

Tether Mistakenly Minted 5 Billion USDT and Immediately Burned Them
Stablecoin operator Tether accidentally minted and subsequently burned 5 billion USDT tokens, Whale Alert tweeted on July 13.Whale Alert — a Twitter account dedicated to reporting large cryptocurrency transactions — noted that 50 million USDT tokens were transferred from cryptocurrency exchange Poloniex to the Tether Treasury via the Omni protocol on the Bitcoin (BTC) blockchain.…

Bitcoin loses $44K support as stocks, Evergrande nerves hit BTC price
Sentiment takes a battering amid surprise at the extent of the Bitcoin price “nuke.” 11196 Total views 31 Total shares Bitcoin’s (BTC) fell below critical $44,000 support on Monday as concerns over China spilled over into crypto markets.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC’s price sinks through supportData from Cointelegraph Markets Pro and TradingView showed…

NFT sales volume upward trend to continue, industry execs say
In the weeks leading to November, nonfungible token (NFT) data showed a consistent upward leap in weekly sales. While the volume is still far from its peak in 2021, executives in the industry believe the upward trend will likely continue. On Nov. 6, data published by blockchain analytics firm Nansen showed that NFT sales volume leaped