The SEC seeks an extra $158m to better regulate the unpredic

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The SEC seeks an extra $158m to better regulate the unpredictable crypto sector, planning to expand its workforce and manage the surge in related lawsuits.

The SEC seeks an extra $158m to better regulate the unpredictable crypto sector, planning to expand its workforce and manage the surge in related lawsuits.

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Trader Avraham Eisenberg was found guilty of defrauding Mango Markets for $110m, a first in US crypto crime trials, with sentencing due July 29.

Tether has announced that it will undergo restructuring with the purpose of "broadening its mission towards delivering a range of infrastructure solutions for a more inclusive world." The company stated that it will include four distinct business divisions within Tether: ⚫Tether Data: Strategic Investments in Technology Division ⚫Tether Finance: Digital Asset Services Division ⚫Tether Power: Sustainable Bitcoin Mining and Energy Division ⚫Tether Edu: Digital Education and Advancement Transformation Division

Arkham created a dashboard to monitor the 10 reachiest crypto asset owners. The top 5 include: ⚫️Justin Sun ($1.1bn) ⚫️Rain Lohmus ($793m) ⚫️Vitalik Buterin ($782m) ⚫️Stefan Thomas ($452m) ⚫️James Fickel ($446m)

Trust Wallet has issued a warning on Twitter for iOS users about a high-risk zero-day exploit targeting iMessage, which can infiltrate iPhones without any link being clicked. They advised disabling iMessage immediately until Apple releases a patch.

According to the data, in 2024, the cryptocurrency landscape has expanded dramatically, with over 2.52m cryptocurrencies existing to date, a surge from the 0.44 million at the end of 2021: ⚫️Approximately 0.54m new tokens have been created as of early April 2024, averaging 5,300 new launches daily ⚫️2024 is on pace to exceed the 0.83m new tokens recorded in 2023, indicating a continuous growth in token creation ⚫️The record for monthly new token launches was broken in March 2024 with 195,735, influenced heavily by memecoin seasons ⚫️The ease of token creation and cheaper onchain trading are contributing to spikes in new tokens, reflecting a rise in onchain speculative activity

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