As a @DAO Labs #SocialMining Community Member, I am joining in the celebration! In a landmark ruling, a US federal court has dealt a significant blow to the Securities and Exchange Commission SEC by rejecting its core claims against @Binance The court’s decision has far-reaching implications for the #crypto industry, signaling a major victory for #Binance and the broader #Cryptocommunity
Key Takeaways
Crypto Tokens Not Automatically Securities The court ruled that crypto-tokens, including #binancecoin $BNB cannot be automatically classified as securities
This decision challenges the SEC’s longstanding position and provides clarity for market participants.
BUSD Stablecoin Cleared: The court outright rejected the argument that Binance USD (BUSD), the exchange’s stablecoin, qualifies as an investment contract. This paves the way for BUSD’s continued use without regulatory overhang.
Partial Remand for Further Consideration: While Binance emerged victorious on several fronts, some of the SEC’s claims were remanded for further examination.

#BTC What happened in the world of crypto over the past day? Read U.Today’s news digest to find out!Contents: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. Ultra-bullish Bitcoin statement made by Samson Mow ahead of possible #etf approvalDogecoin ($DOGE ) whale transfers 332.9 million DOGE to BinanceEthereum (#ETH ) at critical juncture as Michaël van de Poppe predicts bullish breakoutU.Today has prepared a summary of the top three news stories over the past day.Ultra-bullish Bitcoin statement made by Samson Mow ahead of possible ETF approvalAs the #Cryptocommunity is eagerly awaiting the SEC's decision regarding the approval of a spot #BitcoinETF💰💰💰 , Bitcoin maximalist Samson Mow took to X platform to share his mega-bullish expectations on BTC's price movement. According to Mow, Bitcoin reaching $1 million may happen any day from now, and this sudden price surge will be “max pain” for most market participants. He explained that many companies, including his own, Jan3, have many plans and meetings scheduled for the year 2024, and should Bitcoin spike to $1 million, it would “derail everything.” Apart from Jan3, Mow named other big figures in the crypto space who would see their plans collapse in the event that BTC suddenly reached $1 million: analyst Plan B and his stock-to-flow model for Bitcoin, MicroStrategy with its goal to accumulate 1% of the Bitcoin supply and El Salvador, as it would not be able to issue Bitcoin bonds and buy more BTC below the $100,000 level.Dogecoin (DOGE) whale transfers 332.9 million DOGE to BinanceAccording to data provided by Whale Alert's X account, yesterday, a Dogecoin (DOGE) whale moved a large amount of dog-themed tokens to Binance. The transaction carried 332,931,620 DOGE (worth $26,612,151 at the time of transfer) from an unknown wallet to the aforementioned major exchange. It remains unclear what motivated the whale to make such a significant transfer, and Dogecoin enthusiasts are speculating about its potential implications for the broader DOGE ecosystem. Meanwhile, DOGE has seen a decline in its value, going down by 21.98% over the past 30 days. The Dogecoin community is looking forward to further developments, both in terms of the whale's activities and the impact of the recent lunar launch on DOGE's market dynamics. As a reminder, on Jan. 8, a real replica of the dog-themed token was sent to the moon onboard the Vulcan Centaur rocket.Ethereum (ETH) at critical juncture as Michaël van de Poppe predicts bullish breakoutIn a recent X post, renowned crypto analyst Michaël van de Poppe made a prediction about a potential bullish breakout for Ethereum (ETH), as the second-largest cryptocurrency currently finds itself in a critical position. According to van de Poppe, ETH is approaching the low of 2022 and is likely to take liquidity at that level. The analyst believes that in case a spot Bitcoin ETF gets approved by the SEC, there would potentially be a liquidation candle on the trading chart for the ETH/BTC trading pair. After this, van de Poppe foresees a rotation of funds into Ethereum, along with a bullish weekly divergence. Michaël Van de Poppe's forecast is predicated on the idea that Ethereum could see a significant rise in response to the approval of the Bitcoin spot ETF. Thus, traders are keeping a close eye on the upcoming Bitcoin ETF decision, recognizing the interconnected nature of cryptocurrencies.

#Write2Earn Shiba Inu's #Shibarium blockchain is on rise, witnessing remarkable surge in user activity, signaling promising developments for $SHIB enthusiastsShiba Inu's blockchain solution, Shibarium, has recently observed a substantial surge in online engagement, indicating multiple-digit growth within a 24-hour period. The platform's metrics reflect a notable uptick in user participation, underscoring its growing prominence within the #Cryptocommunity .According to data from Shibariumscan, the number of active accounts on the platform surged from 554 to 826, representing a commendable 49% increase. Similarly, the count of new accounts registered a significant spike, rising from 21 to 186, reflecting remarkable net growth of 785.71%. Presently, Shibarium boasts a total of 63,735 active accounts, reaffirming its appeal to SHIB enthusiasts worldwide.In addition to the surge in user accounts, there has been a substantial increase in the transfer volume of BONE, Shibarium's native token, with a notable 220% rise within the same 24-hour period. Furthermore, the platform witnessed a considerable uptick in the creation of new verified contracts, climbing by 425% to reach a total of 17 contracts.Source: ShibariumscanThis surge in user activity signifies growing interest in and adoption of the #Shibainu blockchain ecosystem. The influx of new users, coupled with heightened engagement levels, suggests a maturing ecosystem with potential implications for SHIB and BONE performance.SHIB and BONEMonitoring Shiba Inu tokens price charts in light of these developments is imperative, as heightened user activity often precedes significant market movements. The surge in new users and transactional activity underscores the evolving dynamics within the Shiba Inu ecosystem, hinting at potential opportunities and challenges ahead.Source: CoinMarketCapAs Shiba Inu continues to attract a diverse user base and foster a vibrant ecosystem, holders are encouraged to remain vigilant and informed amid evolving market dynamics.#BTC

#Write2Earn In the COPA trial, Craig Wright's testimony claiming to be #SatoshiNakamoto ignites controversy, fueling skepticism and scrutiny.STORY HIGHLIGHTSCraig Wright's testimony in COPA trial as Satoshi Nakamoto sparks intense skepticism.Doubts rise over Wright's credibility amid an inability to provide concrete evidence.COPA aims to expose alleged forgery by Wright regarding Bitcoin's origins.The courtroom drama unfolds as Craig Wright, the self-proclaimed inventor of Bitcoin, faces cross-examination in the Crypto Open Patent Alliance (COPA) trial. Notably, with tensions running high, Wright’s claims of being Satoshi Nakamoto are under intense scrutiny, leaving the #Cryptocommunity skeptical.Meanwhile, amid accusations of forgery and the quest for cryptographic evidence, the trial delves into the heart of Bitcoin’s origins and its enigmatic creator.Wright’s Testimony Under Scrutiny Amid COPA TrialThe trial of Craig Wright, who asserts himself to be Satoshi Nakamoto, the mysterious creator of Bitcoin, has entered its seventh day with escalating tension. As Wright faces cross-examination, his claims are met with skepticism, particularly regarding his inability to provide concrete cryptographic evidence supporting his identity.In addition, his contradictory statements and lapses in memory, such as his inability to recall specific Bitcoin transactions under the pseudonym Satoshi, further cast doubt on his assertions. Notably, Wright’s defense strategy, including his argument that identity cannot solely be proven by possession of cryptographic keys but rather by knowledge and creation, is under intense scrutiny.Besides, accusations of inconsistencies in his past testimonies and evidence submissions add layers of complexity to the trial. Despite Judge James Mellor’s interventions to maintain order, the courtroom atmosphere remains charged as Wright’s credibility continues to be tested.Meanwhile, as the trial progresses, the Crypto Open Patent Alliance (COPA) aims to expose any alleged forgery by Craig Wright and prevent him from suing individuals who dispute his claim to be Satoshi Nakamoto. Notably, the outcome of this trial holds significant implications for the legitimacy of Bitcoin’s origins and the integrity of the broader cryptocurrency ecosystem.High Stakes and Cryptic Revelations Heighten DramaThroughout his testimony, Craig Wright’s claims have been met with skepticism and intense scrutiny from the crypto community. Despite his assertions, Wright’s inability to provide conclusive evidence or recall key details, such as specific #BTC transactions, raises doubts about his authenticity as Satoshi Nakamoto.Meanwhile, the courtroom drama intensifies with each revelation, including Wright’s wife’s discovery of crucial documents and his accusations against prominent figures in the crypto world. Amidst the drama, Wright’s claim of having handed over keys to the Bitcoin code repository adds another layer of intrigue to the trial.Notably, as Judge James Mellor intervenes repeatedly to navigate the proceedings, the battle between Wright and COPA underscores the high stakes involved. With the credibility of Bitcoin’s creator hanging in the balance, the outcome of this trial could shape the future trajectory of the entire cryptocurrency landscape.#TrendingTopic