SEC Financial News

The US Securities and Exchange Commission is poised to allow the first exchange-traded funds based on Ether futures, a major win for several firms that long have sought to offer the products.

The United States Securities and Exchange Commission has been granted a motion to seek assistance from South Korea to question Terraform Labs co-founder Daniel Shin — as it builds its case against the firm and co-founder Do Kwon. 

After a market-wide crash that saw Bitcoin hit as low as the $24,000 region on derivatives exchanges - in the largest liquidation event since the FTX collapse - surprise news hit.

By Douglas Gillison

Amidst the fluctuating cryptocurrency markets, Bitcoin's future value remains a topic of fervent discussion. 

This week’s episode of Cointelegraph’s Market Talks welcomes Huf, the founder of Pear Protocol, a new decentralized exchange launching on Arbitrum in 2023. Huf worked as an equity derivatives trader for various investment banks for over a decade before entering the decentralized finance industry in 2019. He is often quoted in various news outlets for his views on the markets, which he shares in real time via his X (formerly Twitter) profile.

Judge Analisa Torres has granted a request from the United States Securities and Exchange Commission (SEC) to leave to file an interlocutory appeal in its case against Ripple Labs. The securities regulator sent a letter to Torres on Aug. 9, saying her decision could affect multiple pending court cases. 

Investor Michael Burry, who famously predicted the 2008 housing market crash and later was played by Christian Bale in the movie “The Big Short,” has bet more than $1.6 billion on a Wall Street collapse, according to an SEC filing this week.

The XRP price has dropped by 1.5% in the past 24 hours, slipping to $0.585019 as the cryptocurrency market as a whole falls by 2% within the same timeframe.

In the latest development of the legal case between the United States Securities and Exchange Commission and Ripple Labs, Judge Analisa Torres has approved the participation of an investment banker declarant, Andrew A. Kunsak.

Valkyrie has filed for an Ethereum Strategy exchange-traded fund (ETF) that will invest in ether futures and other collateral assets, paperwork filed with the US Securities and Exchange Commission showed on Wednesday. After a brutal 2022, the cryptocurrency market is on a rebound as big asset managers, including BlackRock, explore the viability of the alternative asset by planning to launch a string of derivative-based products such as ETFs.

Coinbase Global said on Wednesday it had secured approval to offer cryptocurrency futures to US retail customers, scoring a major regulatory win even as it battles a lawsuit from the Securities and Exchange Commission (SEC). The move will allow Coinbase to offer bitcoin and ether futures directly to eligible US customers.

The price of Bitcoin (BTC) will surge past an eye-watering $150,000 by the end of 2024, as long as the current slew of United States spot-Bitcoin exchange-traded funds (ETFs) are approved, according to investment research boutique Fundstrat.

Ripple Labs has voiced its opposition towards the United States securities regulator’s move towards filing an interlocutory appeal relating to the summary judgment laid down by U.S. District Court Analisa Torres on Jul. 13.

A federal judge overseeing the civil case between the United States Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance, Binance.US and Binance CEO Changpeng Zhao has ordered a motion for a protective order to go to a magistrate judge.

Around two months after the US Securities and Exchange Commission (SEC) filed lawsuits against major exchanges Binance.US and Coinbase, targeting 19 cryptocurrencies that were designated as unregistered securities, the same tokens are showing signs of recovery.

Coinbase (COIN) can now offer cryptocurrency futures trading on its U.S.-based exchange, the company said.

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The exchange says it has been granted approval by the National Futures Association (NFA), a self-regulatory organisation designated by the CFTC, making it the first crypto-native platform to directly offer traditional spot crypto trading alongside leveraged crypto futures.Coinbase applied with the NFA nearly two years ago and says it has been working with regulators since then to ensure it will comply with all regulations and that its business model meets the CFTC’s customer protection requirements. Greg Tusar, VP, institutional products, Coinbase, writes in a blog: "We believe this is a watershed moment to be able to bring regulated crypto products to US customers."The approval is regulatory win for Coinbase, which has been publicly locking horns with the SEC.

(Reuters) -Coinbase Global said on Wednesday it had secured approval to offer cryptocurrency futures to U.S. retail customers, scoring a major regulatory win even as it battles a lawsuit from the Securities and Exchange Commission (SEC).

The U.S. Securities and Exchange Commission (SEC) has obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc., a Utah-based entity operating as «DEBT Box,» along with its four principals and 13 other defendants. The action is in connection with an alleged fraudulent scheme involving the sale of crypto asset securities, as announced in a press release dated July 28, 2023.