PayPal’s Stablecoin Exceeds $1B Market Capitalization
PayPal’s stablecoin PYUSD has reached a market capitalization of over $1 billion, crossing the milestone last week.
SEC Settles with Crypto Platform Abra
Abra and Plutus Lending have reached a settlement with the US Securities and Exchange Commission regarding claims that the platform inappropriately promoted Abra Earn to customers without registering the product as a security.
SEC Files Charges Against Organizers of $60M Crypto Ponzi Scheme
The SEC has charged brothers Jonathan and Tanner Adam with trying to defraud more than 80 investors through a $60 million Ponzi scheme involving a crypto asset trading platform.
JPMorgan Downgrades Bitcoin Miners Price Targets
JPMorgan has lowered price targets for bitcoin mining companies.
US Court Denies Kraken’s Motion to Dismiss a SEC Lawsuit
A federal court in the United States has rejected a request from cryptocurrency exchange Kraken to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC).
Australian Court Rules Against Crypto Exchange Kraken
Crypto exchange Kraken has stated that the lack of regulatory clarity in Australia was the primary reason for a recent court ruling against its local operator in a lawsuit filed by the country’s securities regulator.
Spot Bitcoin ETFs Post $65 Million in Daily Net Inflows
US spot Bitcoin exchange-traded funds yesterday saw net inflows of $64.91 million, marking the sixth consecutive day of positive flows.
