@WazirXIndia has frozen $3 million in $USDT to aid recovery from a $230 million hack, showcasing commitment to safeguarding user funds and rebuilding trust. Industry support includes potential acquisition by @CoinDCX and recovery initiatives by CoinSwitch. #Breaking #Crypto $USDT (+8) ↗
@DCGco and former Genesis CEO Michael Moro will pay $38.5M to settle SEC fraud charges related to misleading claims after Three Arrows Capital’s collapse. DCG faces a $30M fine, Moro $500K; both agreed to cease-and-desist orders. #Breaking #Legal (+9) ↗
Gary Gensler is set to announce his resignation as SEC Chair, with some officials planning to step down before Donald Trump’s inauguration, marking significant leadership changes within the U.S. Securities and Exchange Commission. #Breaking #Legal SEC (-8) ↘
@DCGco will pay $38 million to settle SEC charges over its bankrupt Genesis Global Capital lending unit, accused of misleading investors about its financial health following Three Arrows Capital’s collapse. Former CEO Soichiro Moro also settles for $500,000. #Breaking #Legal (-9) ↘
Bitcoin surged to $104,585, nearing a month high ahead of President-elect Donald Trump’s inauguration. The market anticipates crypto-friendly executive orders that could include a national Bitcoin reserve. Spot Bitcoin ETFs saw significant inflows this week. #Breaking #Crypto $BTC (+8) ↗
The U.S. government has filed a court document stating that over 94,000 bitcoin stolen in the 2016 Bitfinex hack should be returned to @Bitfinex as in-kind restitution, following plea agreements with Ilya Lichtenstein and Heather Morgan. #Breaking #Legal $BTC (+9) ↗
The FBI thwarted a plot to kidnap a Miami jeweler and steal $2 million in cryptocurrency, arresting four suspects after intercepting their communications and bugging the getaway vehicle. #Breaking #Legal (-9) ↘
@BlackRock led a remarkable $793 million net inflow into Bitcoin and Ethereum spot ETFs, with its Bitcoin ETF attracting $527.9 million, highlighting growing institutional interest in digital assets. Grayscale faced outflows, contrasting the positive trend. #Breaking #Crypto $BTC (+8) ↗
Blockchain developer Michael Lewellen has sued the U.S. Department of Justice, claiming its broad interpretation of money-transmission laws criminalizes non-custodial crypto development. The lawsuit, filed Thursday, seeks to protect his Ethereum-based platform Pharos from prosecution. #Breaking #Legal $ETH (-9) ↘
@BitMEX has been fined an additional $100 million for Bank Secrecy Act violations, following a previous $110 million penalty. This comes after the exchange’s guilty plea for anti-money laundering failures from 2015-2020. #Breaking #Legal (-9) ↘
South Korea’s Financial Services Commission and Financial Supervisory Service have taken action under the new crypto regulatory framework, targeting a suspect for alleged rapid price manipulation in a pump-and-dump scheme. #Breaking #Legal #Crypto (-9) ↘
Senator Cynthia Lummis has urged a halt to the planned sale of 69,370 $BTC tied to Silk Road, citing strategic financial concerns, and demanded the FDIC preserve crypto-related records amid whistleblower allegations. #Breaking #Legal $BTC (+9) ↗
Donald Trump reportedly plans an executive order to prioritize cryptocurrency, instructing regulatory agencies to collaborate with the industry and form a crypto council. This move could significantly impact the regulatory landscape for digital assets. #Breaking #Crypto (+8) ↗
The U.S. Securities and Exchange Commission’s General Counsel Megan Barbero will step down next week, joining other top officials in leaving the agency as President-elect Donald Trump prepares to take office. #Breaking #Legal @SECGov (-8) ↘
