The Block
Quick Take Utah Judge Robert Shelby said the SEC would have to pay legal costs that arose from a temporary restraining order it imposed on Digital Licensing Inc., doing business as DEBT Box last year. The SEC’s suit against DEBT Box alleged it defrauded thousands of investors of at least $49 million by offering customers so-called “node licenses” to receive revenue from mining 11 tokens, though they were never mined.
Quick Take Andy Main has been named as the new CEO of Bakkt. Gavin Michael will be stepping down on March 26 but will continue in an advisory role. A week ago, the company was warned the NYSE could delist it.
Financial giant Fidelity has amended its spot ether ETF application to include provisions for staking the cryptocurrency. “The Sponsor may, from time to time, stake a portion of the Fund’s assets through one or more trusted staking providers,” the company wrote in an amendment to its ETF application on Monday.
Quick Take CryptoQuant founder and CEO Ki Young Ju expressed concerns about the uptick of memecoin sales. Memecoins such as Slerf and presales for others, such as ‘areyoustupid.sol,’ have surged so fiercely they drove up Solana’s fees and volume.
10T Holdings CEO Dan Tapiero said bitcoin could easily rise to $200,000 based on previous market cycles.He contrasted the exploding demand from the bitcoin ETFs with the upcoming supply shock of the halving to support his view.
Solana-based DEXs now hold the market share of decentralized cryptocurrency trading volume over the past 24 hours.The top three decentralized exchanges by volume are Raydium, Jupiter, and Orca according to CoinGecko data.
Quick Take Rep. French Hill, who has been friendly toward crypto, is looking to chair that committee, replacing current Chair Patrick McHenry. Hill could become chair if Republicans retain control of the House of Representatives after election season later this year.
Spot Ethereum ETFs could still get approved on May 23, according to Standard Chartered’s Geoffrey Kendrick.He said that if approved by then, Spot Ethereum ETFs could bring up to $45 billion in inflows in the first 12 months.
Bitcoin could experience a positive demand shock from registered investment advisors, an analyst told The Block.
The iconic photo of Achi, the dog behind Dogwifhat meme coin, was sold as NFT for $4.3 million.Crypto trader Gigantic Rebirth Ventures (GCR) made the winning bid of 1,210.8 ETH.
