CRYPTO

In the latest reversal of the cantankerous policies of former United States Securities and Exchange Commission Chair Gary Gensler – who officials in the crypto industry complained had sought to regulate the industry to death through enforcement actions – the SEC has agreed to dismiss the lawsuit against centralized exchange firm Coinbase, accusing the company of operating as an unregistered securities broker.

According to an announcement from Coinbase, the lawsuit dismissal (more…)

Crypto prices tumbled this morning – most notably BTC and ETH – on reports that cryptocurrency exchange Bybit has reportedly been hacked for over $1.4 billion in liquid-staked Ether and MegaETH (mETH).

The sudden downturn liquidated roughly $100 million worth of leveraged derivatives trading positions, overwhelmingly longs anticipating prices to rise, CoinGlass data shows.

As Vince Quill reports for Cointelegraph.com, following the incident, the onchain (more…)

Authored by Zoltan Vardai via CoinTelegraph.com,

Rug pulls and insider schemes involving Solana-based memecoins are driving investor outflows and a decline in capital inflows, as confidence in the sector deteriorates.

The rate of monthly capital inflow into Solana and Solana’s MEME index turned to a monthly negative of -5.9%, according to a Glassnode chart shared with Cointelegraph.

Market: top asset realized cap percent change, 30-days. Source: Glassnode (more…)