tl;dr
• A federal appeals court ruled in favor of Coinbase, requiring the SEC to provide detailed reasoning for its refusal to issue crypto-specific rules, reflecting increasing scrutiny of the SEC’s regulatory approach.• President-elect Trump may issue an executive order allowing banks to hold Bitcoin an...
• A federal appeals court ruled in favor of Coinbase, requiring the SEC to provide detailed reasoning for its refusal to issue crypto-specific rules, reflecting increasing scrutiny of the SEC’s regulatory approach.
• President-elect Trump may issue an executive order allowing banks to hold Bitcoin and crypto assets, potentially reversing existing SEC guidelines on crypto accounting.
• A BlackRock report highlights Bitcoin's adoption surpassing the growth rates of the internet and mobile phones, driven by demographics, inflation, and digital transformation.
• The US Supreme Court ruled that a class-action lawsuit against Binance for allegedly selling unregistered tokens can proceed, potentially intensifying Binance’s legal challenges.
• Sony launched Soneium, an Ethereum Layer-2 platform focused on empowering creators through blockchain solutions for NFTs, fan engagement, and equitable value distribution.
• Italy’s largest bank, Intesa Sanpaolo, has made its first direct Bitcoin purchase, signaling growing institutional interest in cryptocurrency in Europe.
• Indian crypto exchange Mudrex temporarily halts withdrawals to upgrade compliance systems, sparking backlash amidst increasing regulatory pressures on Indian exchanges.
• BlackRock launched its first Canadian Bitcoin ETF on Cboe Canada, simplifying access to Bitcoin for retail and institutional investors while expanding its global footprint.
• The Reserve Bank of India warned of financial stability risks posed by rapid AI adoption, proposing a framework for ethical AI use in the financial sector.
• Bitcoin’s trajectory may be influenced by the US Dollar Index’s 26-month high, with experts anticipating a potential rally if the DXY reverses its current trend.
• Robinhood was fined $45 million by the SEC for regulatory violations, including issues with reporting, cybersecurity, and customer information protection.
• Swiss digital asset bank Sygnum raised $58 million in a growth round, achieving a $1 billion valuation and planning expansions in Europe and Hong Kong.
• OKX founder Star Xu announced a new business launch for February, generating buzz within the crypto community about potential innovations.
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