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Ark Invest and 21Shares Seeks SEC Approval for Groundbreaking Spot Ethereum ETF: Cathie Wood's Ark Invest is seeking approval to launch the US first spot Ethereum ETF. This development, filed with the Securities and Exchange Commission (SEC) on Wednesday.

👉Details: https://coinmarketcap.com/alexandria/article/ark-invest-and-21shares-seeks-sec-approval-for-groundbreaking-spot-ethereum-etf

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Coinbase’s L2 Base Hit With Outage, No Funds At Risk Says Team
:
Base, Coinbase's Ethereum Layer-2 network, faced a temporary outage lasting for half an hour on Tuesday, with a full resolution taking an additional 30 minutes.

👉Details: https://coinmarketcap.com/alexandria/article/coinbases-l2-base-hit-with-outage-no-funds-at-risk-says-team

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Major South Korean Hana Bank Partners With BitGo
:
Hana Bank, a major commercial bank in South Korea, has announced a strategic partnership with BitGo, a well-established crypto custody firm.

👉Details: https://coinmarketcap.com/alexandria/article/major-south-korean-hana-bank-partners-with-bitgo

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South Korea Plans Bill to Track and Freeze North Korean Crypto Assets Funding Weapons Programs
:
The South Korean government is reportedly preparing to introduce legislation aimed at tracking and freezing North Korean cryptocurrency.

👉Details: https://coinmarketcap.com/alexandria/article/south-korea-plans-bill-to-track-and-freeze-north-korean-crypto-assets-funding-weapons-programs

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🗞 CryptoNews of the Day 🗞

Former MAS Chair and Finance Minister Who Called Crypto “Highly Risky” Elected as Singapore President
:
Tharman Shanmugaratnam, the former chair of the Monetary Authority of Singapore (MAS), has secured a resounding victory in Singapore's presidential election, garnering over 70% of the vote.

👉Details: https://coinmarketcap.com/alexandria/article/former-mas-chair-and-finance-minister-who-called-crypto-highly-risky-elected-as-singapore-president

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FTX Wallet Moves $10M in Crypto Assets to Ethereum Amid Sell-off Concerns
:
A wallet associated with the bankrupt cryptocurrency exchange FTX recently transferred $10 million worth of digital assets from the Solana network to Ethereum.

👉Details: https://coinmarketcap.com/alexandria/article/ftx-wallet-moves-dollar10m-in-crypto-assets-to-ethereum-amid-sell-off-concerns

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Binance Announces Phased Transition From BUSD, Supports Conversion to New Stablecoin FDUSD: The exchange revealed that it will gradually phase out its support for BUSD due to Paxos discontinuing the issuance of new BUSD tokens.

👉Details: https://coinmarketcap.com/alexandria/article/binance-announces-phased-transition-from-busd-supports-conversion-to-new-stablecoin-fdusd

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Coinbase Stock Surges 15% as Federal Judge Favors Grayscale in SEC Lawsuit: Coinbase's stock experienced a notable surge, climbing over 15%, following the recent federal court decision that favored Grayscale in its lawsuit against the SEC.

👉Details: https://coinmarketcap.com/alexandria/article/coinbase-stock-surges-15percent-as-federal-judge-favors-grayscale-in-sec-lawsuit

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Arkham: Robinhood Wallet Identified as Major Holder of Ethereum Worth $2.54B and Bitcoin Worth $3.3B: Cryptocurrency data tracking platform Arkham Intelligence has identified Robinhood as a significant holder of both Ethereum (ETH) and Bitcoin (BTC).

👉Details: https://coinmarketcap.com/alexandria/article/arkham-robinhood-wallet-identified-as-major-holder-of-ethereum-worth-dollar254b-and-bitcoin-worth-dollar33b

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DCG and Genesis Reached In-Principle Agreement on Creditors’ Claims: According to a document filed with the US bankruptcy court in the Southern District of New York, Digital Currency Group and Genesis Global's creditors have reached an in-principle agreement.

👉Details: https://coinmarketcap.com/alexandria/article/dcg-and-genesis-reached-in-principle-agreement-on-creditors-claims

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India Prime Minister Modi: Crypto and AI Needs Global Framework and Regulations: Indian Prime Minister Narendra Modi has called for a global framework on cryptocurrency, artificial intelligence (AI), and other emerging technologies.

👉Details: https://coinmarketcap.com/alexandria/article/india-prime-minister-modi-crypto-and-ai-needs-global-framework-and-regulations

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Grayscale Wins Lawsuit Against SEC: Bitcoin surges as court ruling paves way for ETFs.

👉Details: https://coinmarketcap.com/alexandria/article/grayscale-wins-lawsuit-against-sec

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South Korean To Implement New Reserve Requirements for Crypto Exchanges: Korea Federation of Banks implements reserve requirement for South Korean virtual asset exchanges.

👉Details: https://coinmarketcap.com/alexandria/article/south-korean-to-implement-new-reserve-requirements-for-crypto-exchanges

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OnlyFans' Parent Company Faces Ethereum Losses After Investing $19M in 2022: While 2022 proved to be a prosperous year for content creator platform OnlyFans, it wasn't necessarily the same for Ethereum, as highlighted in a recent financial statement.

👉Details: https://coinmarketcap.com/alexandria/article/onlyfans-parent-company-faces-ethereum-losses-after-investing-dollar19m-in-2022

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Hong Kong Financial Secretary Positive That Blockchain and Web3 Will Lead Next Digital Growth: Paul Chan Mo-po, the financial secretary for Hong Kong, has reiterated his unwavering support for blockchain technology.

👉Details: https://coinmarketcap.com/alexandria/article/hong-kong-financial-secretary-positive-that-blockchain-and-web3-will-lead-next-digital-growth

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Australia's Senate Rejects Crypto Regulation Bill, Calls for Further Consultations: Australia's Senate Economics Legislation Committee has rejected the "Digital Assets (Market Regulation) Bill 2023," which was introduced by opposition senator Andrew Bragg.

👉Details: https://coinmarketcap.com/alexandria/article/australias-senate-rejects-crypto-regulation-bill-calls-for-further-consultations

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MetaMask Adds Bank and Paypal Feature To Withdraw to Fiat
:
MetaMask, the world's leading hot wallet for cryptocurrencies, has unveiled a new feature that allows its users to convert their digital assets into fiat currency.

👉Details: https://coinmarketcap.com/alexandria/article/metamask-adds-bank-and-paypal-feature-to-withdraw-to-fiat

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Visa Expands USDC Stablecoin Settlements Using Solana
:
Payments giant Visa announced plans to expand its stablecoin settlement capabilities by utilizing the Solana blockchain.

👉Details: https://coinmarketcap.com/alexandria/article/visa-expands-usdc-stablecoin-settlements-using-solana

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CZ Sees Opportunity for Binance To Prove Its Strength, Says Company Is Ahead on Regulations
:
Changpeng Zhao, known as CZ, the CEO of Binance, has taken a defiant stance amidst the recent wave of regulatory scrutiny and media attention directed at his cryptocurrency exchange.

👉Details: https://coinmarketcap.com/alexandria/article/cz-sees-opportunity-for-binance-to-prove-its-strength-says-company-is-ahead-on-regulations

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Crypto Betting Platform Stake Exploited For $40M in Wallet Owned by Company
:
Stake, a prominent cryptocurrency betting platform, has fallen victim to an exploit resulting in the loss of approximately $40 million in funds, as reported by blockchain security experts.

👉Details: https://coinmarketcap.com/alexandria/article/crypto-betting-platform-stake-exploited-for-dollar40m-in-wallet-owned-by-company

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U.S. District Court Judge Labels Ether and Bitcoin as "Crypto Commodities" in Dismissal of Lawsuit Against Uniswap
:
U.S. District Court Judge Katherine Polk Failla dismissed a class-action lawsuit against Uniswap while referring to ETH and BTC as "crypto commodities."

👉Details: https://coinmarketcap.com/alexandria/article/us-district-court-judge-labels-ether-and-bitcoin-as-crypto-commodities-in-dismissal-of-lawsuit-against-uniswap

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BitBoy Ben Armstrong Faces Controversy and Removal From Own Company Amid Allegations: BJ Investment Holdings, the parent company of Hit Network and BitBoy Crypto, has made headlines by removing cryptocurrency influencer and YouTuber Ben Armstrong from the company.

👉Details: https://coinmarketcap.com/alexandria/article/bitboy-ben-armstrong-faces-controversy-and-removal-from-own-company-amid-allegations

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StarkWare Restores Access After Locking $550K of Funds From Outdated Wallets: Starkware, a decentralized layer-2 network for Ethereum scalability, has reversed its decision to lock users out of their outdated wallets containing approximately $550,000 worth of assets.

👉Details: https://coinmarketcap.com/alexandria/article/starkware-restores-access-after-locking-dollar550k-of-funds-from-outdated-wallets

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Binance Expands “Send Cash” Crypto-to-Bank Account Payment Solution in Latin America: Leading cryptocurrency exchange Binance is expanding its presence in Latin America.

👉Details: https://coinmarketcap.com/alexandria/article/binance-expands-send-cash-crypto-to-bank-account-payment-solution-in-latin-america

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DOJ Seeks To Stop All Sam Bankman-Fried’s Witnesses From Testifying: According to a court document, the US Department of Justice (DOJ) has requested that none of Sam Bankman-Fried's seven expert witnesses be allowed to testify in his future trial.

👉Details: https://coinmarketcap.com/alexandria/article/doj-seeks-to-stop-all-sam-bankman-frieds-witnesses-from-testifying

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Balancer Exploited For Almost $1M After Discovering Vulnerability: Decentralized exchange Balancer has suffered a hack in which it lost nearly $1m.

👉Details: https://coinmarketcap.com/alexandria/article/balancer-exploited-for-almost-dollar1m-after-discovering-vulnerability

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Blockchain Technology and Islamic Finance Converge at Istanbul Blockchain Week: The event showcased the latest developments in AI and Web3, and explored the intersection of these technologies with Islamic finance.

👉Details: https://coinmarketcap.com/alexandria/article/blockchain-technology-and-islamic-finance-converge-at-istanbul-blockchain-week

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SEC Charges LA-Based Impact Theory Over “Unregistered” NFT Offering: Los Angeles-based media and entertainment firm, Impact Theory, has been charged by the U.S. Securities and Exchange Commission (SEC) over its unregistered sale of nonfungible tokens (NFTs).

👉Details: https://coinmarketcap.com/alexandria/article/sec-charges-la-based-impact-theory-over-unregistered-nft-offering

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Oman Ramps Up Crypto Investments to Become Digital Hub in the Middle East: The Sultanate of Oman is intensifying its integration of cryptocurrencies, bolstered by a series of multi-million dollar investments this month.

👉Details: https://coinmarketcap.com/alexandria/article/oman-ramps-up-crypto-investments-to-become-digital-hub-in-the-middle-east

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Binance, TRM Labs Assists in Arrest of Key ISIS Members in Tajikistan and Turkey: Crypto exchange giant Binance's investigative team played a pivotal role in the capture of individuals associated with the Islamic State Khorasan Province (IKSP) in Tajikistan and Turkey.

👉Details: https://coinmarketcap.com/alexandria/article/binance-trm-labs-assists-in-arrest-of-key-isis-members-in-tajikistan-and-turkey

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