[🤑 Web2+Web3 Here and There 🤑] ✔️ SEC-Justin Sun Settlement Completed The SEC has reached a final settlement with Justin Sun in its Tron-related lawsuit. Rainberry has paid a $10 million fine, and all charges against Justin Sun have been dismissed. The case, which began in 2023 and involved allegations of unregistered securities sales and wash trading of TRX and BTT, appears to have been settled with only a fine. ✔️Strike Obtains New York BitLicense Jack Mallers' Strike has received both a BitLicense and a money transmitter license from the New York State Department of Financial Services. This allows the service to be available in all 50 states, and New York users can now convert up to 100% of their monthly salary into Bitcoin, with fees waived for up to $20,000 per month. ✔️Central Bank of Kazakhstan Announces $350 Million Crypto Investment! The Central Bank of Kazakhstan announced that it will invest $350 million from its gold and foreign exchange reserves in digital asset-related sectors. This investment will not involve directly purchasing coins, but will instead focus on crypto infrastructure companies, tech stocks, and related index funds. The investment is scheduled for April or May, and there are rumors that it could expand to $1 billion in the future. ✔️OKX Launches Social Trading Network 'Orbit' OKX, valued at $25 billion, has launched Orbit, an in-app social networking feature. Its core functionality is to allow users to share trading ideas, livestream, and create groups, along with proven performance metrics like portfolio returns and win rates. The goal is to create an alternative to the Twitter culture of posting screenshots of profits, but the US, Europe, and Singapore are currently excluded. ✔️Aave Governance Crisis, ACI Announces Withdrawal ACI (Aave Chan Initiative), the most active governance group within the Aave DAO, has announced its withdrawal. Aave Labs submitted a budget of $51 million + 75,000 AAVE tokens for V4 development, but ACI's concerns about self-voting and transparency were ignored. They plan to phase out the platform over four months. ✔️BTC is trading around $70,500 and ETH is in the $2,070 range. The Fear and Greed Index has fallen to 18, indicating extreme fear. Volatility is expected to increase with $2.6 billion worth of options expiring today. Over the past 24 hours, $252 million worth of liquidations occurred, of which $167 million was long positions. The US February employment report unexpectedly fell to -92,000, and the unemployment rate rose to 4.4%. Some analysts believe this could actually increase expectations for a rate cut in the first half of the year. The SEC's lighthearted handling of the Justin Sun case signals the current administration's clear stance toward deregulating cryptocurrencies. Even the Central Bank of Kazakhstan's involvement in crypto investments suggests that national capital inflows are becoming increasingly realistic. However, market sentiment remains extremely fearful, so it's likely to remain volatile in the short term. The Aave governance issue seems to highlight the chronic problems of DeFi protocols, making it time to consider whether decentralized governance can truly work.
This article is machine translated
Show original
Telegram
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




