Nigerian regulator gives crypto firms 30 days to register or face enforcement action
According to Decrypt, the Nigerian Securities and Exchange Commission (SEC) has given cryptocurrency exchanges and digital asset traders 30 days to re-register their businesses or face the risk of enforcement action. The SEC said the new registration is intended to amend its rules on digital asset issuance platforms, exchanges and virtual asset service providers (VASP) custody. In a statement on its website, it said: "All operating and potential VASPs must visit the SEC electronic portal within 30 days from the date of this circular to complete the application process."
Insider: US SEC may approve Ethereum spot ETF as early as July 4
According to Reuters, citing industry executives and other people familiar with the matter, the U.S. Securities and Exchange Commission (SEC) may approve the Ethereum spot ETF as early as July 4, and negotiations between asset management companies and regulators have entered the final stage. Eight asset management companies, including BlackRock, VanEck, Franklin Templeton and Grayscale, are seeking SEC approval for the funds. They said the process of revising the offering documents has progressed to the point where only "minor" issues need to be resolved. A lawyer working with one of the issuing companies also said that only the "final touches" are left, and approval may not take more than a week or two. Bloomberg ETF analyst Eric Balchunas previously expected the Ethereum spot ETF to be approved as early as July 2.
Abra settles unregistered business claims with 25 U.S. state regulators
According to The Block, crypto investment platform Abra and its founder William Barhydt have reached a settlement with 25 U.S. state financial regulators who accused Abra of operating without proper licenses. According to a statement released by the Conference of State Bank Supervisors (CSBS), the settlement requires Abra to stop providing cryptocurrency trading services to U.S. Abra Trade customers and requires the company to return $82 million in crypto assets to customers. CSBS said the states involved in the settlement agreed to waive a $250,000 fine to help repay customers. Abra previously said it would limit some of its services in the United States due to regulatory uncertainty. In the future, Abra will continue to operate in the United States through its investment advisor Abra Capital Management registered with the U.S. Securities and Exchange Commission (SEC), allowing customers to invest in cryptocurrencies, earn returns, pledge and borrow.
The Blast Foundation announced its vision to accelerate the market's transition from an off-chain economy to an on-chain economy. The second phase of this mission begins today, which focuses on creating a full-stack chain. In this phase, the Blast Foundation will work with the community to create desktop and mobile wallets specifically for cryptocurrencies. Arcade Research has released the Blast app, which community members can use to claim the first phase of airdrops. After claiming, community members can claim ongoing Phase 2 rewards through the app, and after 4 months, the full wallet function will be launched.
Blur Launches Season 4 Rewards and Loyalty Program, Distributing 500 Million BLAST Tokens
According to the official blog, Blur announced the launch of Season 4 rewards and loyalty programs, which is powered by Fullstack Chain Blast. 500,000,000 BLAST have been allocated for Season 4. Season 4 will end in June 2025 (a total of 12 months). Regarding Blur points, users can earn points by bidding, placing orders, and borrowing on BLUR.io. Bidding and placing order points apply to all collections and are issued at the same rate, while lending points are only applicable to collections supported by the Blend protocol. The issuance rate of lending points is half that of bidding and listing points. In addition, there is a rolling 24-hour leaderboard that provides different boosts for the top 100 players in points within 24 hours, up to 2.5 times.
Blast: BLAST tokens are now live, users have 30 days to claim the Phase 1 airdrop
Blast announced that the BLAST token is now live and users have 30 days to claim the Phase 1 airdrop. Phase 2 Fullstack Chain has now begun.
According to market sources, Animoca Brands is considering listing in Hong Kong or the Middle East as early as next year. The Information quoted Animoca co-founder Yat Siu as saying that the Web3 giant is considering listing in Hong Kong or the Middle East. Siu added that the company has negotiated with investment banks but has not yet hired consultants. It is reported that Animoca was valued at US$5.9 billion when it last raised funds in 2022.
Coinbase will not perform the migration of OCEAN and FET to ASI on behalf of users
According to Coinbase Assets, Ocean (OCEAN) and Fetch.ai (FET) announced a merger to form the Alliance of Artificial Super Intelligence (ASI). The merger will be carried out in two phases: in the first phase, OCEAN will migrate to FET on July 1, 2024; in the second phase, ASI will be launched in mid-to-late July 2024, when FET will be merged into ASI. Coinbase will not perform the migration of these assets on behalf of users, but trading support for FET and OCEAN will continue. Users can use self-hosted wallets (such as Coinbase Wallet) to migrate their assets themselves.
Coinbase Launches Blast (BLAST)
Coinbase Assets said on the X platform that Coinbase will add support for Blast (BLAST) on the Blast Network (ERC-20 token). Trading will begin later today if liquidity conditions are met. Once the supply of the asset is sufficient, the BLAST-USD trading pair will be launched in phases.
According to Coindesk, AI-driven blockchain project Ora has completed US$20 million in financing, with participation from Polychain, HF0 and Hashkey Capital.
It is reported that the blockchain project was founded in 2022 and aims to integrate AI into decentralized applications through its "on-chain AI oracle". The new funds will enable the project to continue to develop its technology and infrastructure to tokenize AI models and introduce decentralized AI into the Ethereum ecosystem.
According to Venturebeat, Web3 entertainment and gaming platform Redacted has completed a $10 million financing round. Spartan Group co-led the investment, and other participants included Saison Capital, Animoca Brands and Polygon Ventures. Several Web3 founders, venture capital firms and angel investors also participated in this round of investment.
According to reports, Redacted is using blockchain and artificial intelligence to build a product ecosystem to form an entertainment data circle where Web3 users can play games, trade, watch and get rewards. With the support of RDAC tokens, Redacted supports its entertainment and gamification products through data protocols, which will provide users with a better and more targeted experience and bring business opportunities to Web3 companies and Dapps.
The U.S. government has sold at least 195,000 BTC since 2014, earning more than $366 million
According to Lookonchain, the US government-related wallet address sent 3,940 bitcoins to Coinbase. According to Bitcoin Treasuries data, the US government currently holds 213,546 bitcoins, which is worth more than $13 billion at current market prices. Casa co-founder Jameson Lopp said that since 2014, the US government has seized and sold at least 195,091 bitcoins, making a profit of more than $366 million.
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