What happened in Crypto the last 12hrs...?
Regulatory and Legal Developments
- US CFTC orders Uniswap to pay $175,000 civil penalty for violating the Commodity Exchange Act (CEA) per an official release
- SEC extends deadline to decide on 7RCC's spot BTC and carbon credit futures ETF per The Block
- Nigerian court postpones decision on Binance executive Tigran Gambaryan's application for bail per CoinDesk
- A16Z, Union Square Ventures subpoenaed by NY regarding Uniswap per CoinDesk
- United Texas Bank receives a cease and desist order from Federal Reserve citing "significant deficiencies" involving crypto customers & risk management per The Block
Exchange and Financial Institutions News
- Former CEO of Mt Gox to launch new crypto exchange 'EllipX'
- Zurich Cantonal Bank, Switzerland's 4th largest bank, has launched trading for $BTC and $ETH per Watcher Guru
Market Trends and Analysis
- Head of research at Outlier Ventures believes the age of the four-year Bitcoin cycle is at an end per The Block
- Trump-backed project World Liberty Financial could reserve 70% of tokens for team/insiders according to a draft whitepaper obtained by CoinDesk
- Uphold CEO says AI-driven memecoins like PumpFun "devalue the whole segment" per The Block
NFT and Protocol Developments
- Magic Eden boasts 36.7% NFT market share per CoinGecko
- Unstoppable Domains is expanding to Base L2 per The Block
- Apecoin announces 'Blueprint' initiatives to incentivize Bored Ape Yacht Club themed community development per The Block
Political and Governmental News
- Kamala Harris reportedly plans to reduce Biden's proposed capital gains tax hike per CNBC
- Kamala Harris now accepting crypto campaign donations via Coinbase per Fortune
Security and Account Incidents
Near Protocol’s X account initially appeared to have been hacked but a spokesperson for Near Protocol says the account is secure per CoinDesk, continues to troll via posts
