London-based cryptocurrency venture capital firm Eden Block announced today that it has hired former Goldman Sachs partner Orit Freedman Weissman as a general partner. Freedman Weissman has been hired to help scale Eden Block, which is currently planning a second fund. Freedman Weissman previously spent 20 years as a partner at Goldman Sachs, where she built the bank's Israeli operations.

London-based cryptocurrency venture capital firm Eden Block announced today that it has hired former Goldman Sachs partner Orit Freedman Weissman as a general partner. Freedman Weissman has been hired to help scale Eden Block, which is currently planning a second fund. Freedman Weissman previously spent 20 years as a partner at Goldman Sachs, where she built the bank's Israeli operations.

Robinhood Markets' chief compliance attorney testified this week to the U.S. House of Representatives Committee on Agriculture that the company had tried to register as a special purpose broker for digital assets and had gone through 16 months of discussions with SEC staff, but failed in March. Was told that the process was over and Robinhood was unable to proceed with the registration. Earlier, Paul Grewal, chief legal officer of Coinbase, also stated that Coinbase had also tried to reg...

Robinhood Markets' chief compliance attorney testified this week to the U.S. House of Representatives Committee on Agriculture that the company had tried to register as a special purpose broker for digital assets and had gone through 16 months of discussions with SEC staff, but failed in March. Was told that the process was over and Robinhood was unable to proceed with the registration. Earlier, Paul Grewal, chief legal officer of Coinbase, also stated that Coinbase had also tried to reg...

The encryption exchange Crypto.com announced that it will no longer provide services to institutional customers in the United States from June 21, and institutional users have been notified in advance of the decision to suspend services. Given the "current market landscape," there was "limited demand" from institutional clients, the exchange said. Retail investors will not be impacted by this decision and will continue to be able to use the platform in the United States.

The encryption exchange Crypto.com announced that it will no longer provide services to institutional customers in the United States from June 21, and institutional users have been notified in advance of the decision to suspend services. Given the "current market landscape," there was "limited demand" from institutional clients, the exchange said. Retail investors will not be impacted by this decision and will continue to be able to use the platform in the United States.

Twitter user @0xSisyphus posted that Matic offers many investors an option that allows users to exchange tokens for cash at $0.70 when the token price falls below $0.70. Subsequently, @SmallCapScience, the host of the DeFi podcast MarketCapping, replied that the minimum purchase position of the option is $50,000 and the maximum is $200,000. 50% of the tokens are delivered 12 months after the effective date, 25% of the tokens are delivered 18 months after the effective date; 25% of the tokens ...

Twitter user @0xSisyphus posted that Matic offers many investors an option that allows users to exchange tokens for cash at $0.70 when the token price falls below $0.70. Subsequently, @SmallCapScience, the host of the DeFi podcast MarketCapping, replied that the minimum purchase position of the option is $50,000 and the maximum is $200,000. 50% of the tokens are delivered 12 months after the effective date, 25% of the tokens are delivered 18 months after the effective date; 25% of the tokens ...

Former SEC Internet Enforcement Officer John Reed Stark tweeted: “There are a number of indications that DOJ will file or has filed under seal criminal indictments related to Binance. Money laundering involves disguising financial assets, in order to use these assets without uncovering the illicit activity that generated them. To me, the CFTC and SEC charges look more like criminal indictments, replete with allegations of fraud, deception, obstruction of justice, and money laundering.” In add...

Former SEC Internet Enforcement Officer John Reed Stark tweeted: “There are a number of indications that DOJ will file or has filed under seal criminal indictments related to Binance. Money laundering involves disguising financial assets, in order to use these assets without uncovering the illicit activity that generated them. To me, the CFTC and SEC charges look more like criminal indictments, replete with allegations of fraud, deception, obstruction of justice, and money laundering.” In add...

The Hong Kong Monetary Authority (HKMA) said in its report "Electronic Hong Kong Dollar - Mapping the Next Steps" that it will begin research and piloting for the implementation of a retail central bank digital currency (CBDC). While research on the development of a digital version of the Hong Kong dollar (known as "e-HKD") has been underway since 2017, a recent study and comments received from "two rounds of market consultations" convinced the HKMA, the report said, that " There is a need to...

The Hong Kong Monetary Authority (HKMA) said in its report "Electronic Hong Kong Dollar - Mapping the Next Steps" that it will begin research and piloting for the implementation of a retail central bank digital currency (CBDC). While research on the development of a digital version of the Hong Kong dollar (known as "e-HKD") has been underway since 2017, a recent study and comments received from "two rounds of market consultations" convinced the HKMA, the report said, that " There is a need to...

Decentralized finance (DeFi) infrastructure provider Maverick Protocol has raised $9 million in funding. The round was led by Peter Thiel’s Founders Fund, with participation from Pantera Capital, Binance Labs, Coinbase Ventures and Apollo Crypto. Maverick plans to use its new funds to build a more efficient liquid collateralized token infrastructure and address cross-chain liquidity efficiency issues.

Decentralized finance (DeFi) infrastructure provider Maverick Protocol has raised $9 million in funding. The round was led by Peter Thiel’s Founders Fund, with participation from Pantera Capital, Binance Labs, Coinbase Ventures and Apollo Crypto. Maverick plans to use its new funds to build a more efficient liquid collateralized token infrastructure and address cross-chain liquidity efficiency issues.

Grayscale filed a request with the US Securities and Exchange Commission (SEC) to withdraw its application to launch a Filecoin (FIL) trust product. Grayscale originally filed a registration statement for the trust on April 14, 2023. On May 16, 2023, Grayscale disclosed that it had received a comment letter from the SEC staff requesting that Grayscale withdraw the trust's registration statement. SEC staff said they believe the trust’s underlying asset, Filecoin, meets the definition of a...

Grayscale filed a request with the US Securities and Exchange Commission (SEC) to withdraw its application to launch a Filecoin (FIL) trust product. Grayscale originally filed a registration statement for the trust on April 14, 2023. On May 16, 2023, Grayscale disclosed that it had received a comment letter from the SEC staff requesting that Grayscale withdraw the trust's registration statement. SEC staff said they believe the trust’s underlying asset, Filecoin, meets the definition of a...

In an interview with The Wall Street Journal about the SEC lawsuit, Brian Armstrong, CEO of cryptocurrency exchange Coinbase, argued that Coinbase does not need these registrations to operate. “The assets we trade, those are commodities, so they don’t need those registrations.” He also denied that Coinbase claims to be a broker-dealer, but noted that its broker-dealer license has not yet been approved. "We don't claim to be a broker-dealer, we have a broker-dealer license that is still d...

In an interview with The Wall Street Journal about the SEC lawsuit, Brian Armstrong, CEO of cryptocurrency exchange Coinbase, argued that Coinbase does not need these registrations to operate. “The assets we trade, those are commodities, so they don’t need those registrations.” He also denied that Coinbase claims to be a broker-dealer, but noted that its broker-dealer license has not yet been approved. "We don't claim to be a broker-dealer, we have a broker-dealer license that is still d...

Andrei Grachev, managing partner of DWF Labs, said on Twitter that he believes that "the best thing to do is to minimize license and regulatory obligations" during times of market volatility. “In times of turmoil, every additional obligation can pose a risk. Operations should be acceptable to the target audience, and that’s enough. The license itself is not value,” said Grachev, who writes for the SEC and Binance/Coinbase. The dispute in the case explained its point of view with an example, s...

Andrei Grachev, managing partner of DWF Labs, said on Twitter that he believes that "the best thing to do is to minimize license and regulatory obligations" during times of market volatility. “In times of turmoil, every additional obligation can pose a risk. Operations should be acceptable to the target audience, and that’s enough. The license itself is not value,” said Grachev, who writes for the SEC and Binance/Coinbase. The dispute in the case explained its point of view with an example, s...

NFT project Degen Picks co-founder @capsjpeg recently launched a vote on Twitter on "whether to agree to fork Solana (SOL) to get rid of the SEC's listing of securities and other issues". A total of 2,050 people participated in the vote, of which 39.9% supported fork. ABC (abracadabra) NFT founder HGE.ABC expressed support for this. He said: "Although this idea is bold, it is actually not a bad idea. The community forking Solana will get rid of the SEC problem." Voices were mixed. The So...

NFT project Degen Picks co-founder @capsjpeg recently launched a vote on Twitter on "whether to agree to fork Solana (SOL) to get rid of the SEC's listing of securities and other issues". A total of 2,050 people participated in the vote, of which 39.9% supported fork. ABC (abracadabra) NFT founder HGE.ABC expressed support for this. He said: "Although this idea is bold, it is actually not a bad idea. The community forking Solana will get rid of the SEC problem." Voices were mixed. The So...

Animoca Brands said that after the SEC marked SAND as an unregistered security in its lawsuit against Binance, Animoca Brands will focus on expanding outside the United States in the future. Co-founder and chairman Yat Siu said via email: “The SEC’s focus is on the US, so this will not have an impact on the wider market where Animoca Brands is widely used and accepted by SAND, including in more advanced markets such as Hong Kong and Japan.” Jurisdictions."

Animoca Brands said that after the SEC marked SAND as an unregistered security in its lawsuit against Binance, Animoca Brands will focus on expanding outside the United States in the future. Co-founder and chairman Yat Siu said via email: “The SEC’s focus is on the US, so this will not have an impact on the wider market where Animoca Brands is widely used and accepted by SAND, including in more advanced markets such as Hong Kong and Japan.” Jurisdictions."