This week, the crypto ecosystem saw significant developments, including spot Bitcoin ETFs registering their second-biggest inflows since listing, and Mt.Gox moving 500 BTC to cold storage wallets following a delay in repayments. Meanwhile, blockchain gaming platform Immutable received a Wells Notice from the US Securities and Exchange Commission.
In other news, the BRICS nations discussed the possibility of using Bitcoin for payments on imports during their summit, while DeFi platform Suilend introduced a new token standard called SpringSui. Additionally, Ripple reported strong growth in transaction volume and institutional demand for the XRP token, and trading platform Robinhood saw a jump in crypto trading volume and revenue in Q3 2024.
Singapore’s Monetary Authority granted Gemini preliminary approval to begin operations in the country. Privacy-focused blockchain COTI proposed a decentralized marketplace to trade RWAs at the Bank of Israel’s Digital Shekel Challenge, and io.net partnered with GAIB, an economic layer dedicated to the future of AI and compute.
Finally, blockchain gaming platform Immutable is fighting potential SEC action after receiving a Wells Notice, and Coinbase CEO Brian Armstrong criticized the SEC’s inconsistent regulations regarding crypto.
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