Under the leadership of its current chair, Gary Gensler, the SEC has made clear its intent to regulate the crypto industry more aggressively.
The deal was confirmed in a filing with the United States Securities and Exchange Commission (SEC), showing that Tether now owns over 10 million shares in the company.
Other major cryptocurrencies have also seen significant price drops. Ethereum ($ETH), the second-largest cryptocurrency by market value, is down 2.23%. Solana ($SOL) has fallen by 2.82%, and XRP by 2.19%.
The charges stemmed from Uniswap offering leveraged tokens, which are complex financial products, to retail investors. The CFTC said this was illegal because the platform didn’t have proper authorisation.
POL will be central to Polygon’s goal of transforming into a zero-knowledge (ZK) chain, a technology that enhances privacy and efficiency.
Bitcoin’s value has dropped by 10% since discussions around rate cuts began. This decline suggested that the market is not seeing the benefits that many had expected.
The recent burn event is part of an ongoing trend within the SHIB community where these large-scale burns signify a continued effort by the community to reduce the total supply of $SHIB tokens.
Initially, these new services will be available in the UAE, but the plan is to expand them to other countries over time.
Osprey’s OBTC has been around since February 2021 and was originally designed to compete with the Grayscale Bitcoin Trust (GBTC).
The NORS certification would address the gap in the current landscape of certifications, which often do not cover the specific risks and requirements of Ethereum staking.