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[Ark Invest Innovation Platform White Paper: Public blockchain will promote the reconfiguration of the financial ecosystem]
Ark Invest officially released its latest innovation platform white paper, identifying five "emerging general technology" innovation platforms, including public blockchain, multi-omics sequencing, energy storage, robotics and artificial intelligence.
In terms of public chains, Ark Invest pointed out that once mass adoption occurs, all funds and contracts may be migrated to public blockchains, and the financial ecosystem may be reconfigured to adapt to the rise of cryptocurrencies and smart contracts. The more assets become currency-like and businesses and consumers adapt to new financial infrastructure, the more digital wallets will become increasingly necessary.
[The U.S. SEC asked the judge to impose a $2 billion fine on Ripple Labs, and Ripple said it would respond]
The U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose $2 billion in fines and penalties against Ripple Labs.
Ripple CEO Brad Garlinghouse said on the As we respond, we will continue to expose the true nature of the SEC."
Ripple Chief Legal Officer Stuart Alderoty said the documents, which will be made public on Tuesday, are part of its years-long case with the SEC. Stuart Alderoty said: "Our response will be submitted next month, but as we have seen time and time again, the statements issued by this regulator are false, mischaracterized and designed to mislead. SEC Instead of faithfully enforcing the law, they are bent on punishing and intimidating Ripple and the entire industry."
[South American gold mining company Nilam Resources signed a letter of intent to acquire 24,800 Bitcoins, valued at US$1.76 billion]
Nilam Resources, Inc. (OTC PINK: NILA), a precious metal mining company with its main assets located in Peru, announced that it has signed a letter of intent (LOI) with Xyberdata Ltd. to acquire 24,800 Bitcoins worth US$1.76 billion. The agreement involves the acquisition of 100% of the common shares of a special purpose entity called MindWave, which will be established in Mauritius and will hold BTC among other assets.
The announcement stated that Nilam Resources, Inc. will issue newly authorized Series C preferred shares in exchange for 24,800 Bitcoins at a discount to the current market price. This comes as Bitcoin is recognized as the "gold standard" in digital transactions. This transaction is in line with Nilam Resources’ vision of driving positive change in the digital economy.
The terms of the acquisition will be outlined in a definitive agreement, MindWave is expected to become a subsidiary of Nilam Resources, Inc., and MindWave shareholders will exchange their equity shares for a new class of preferred stock (Class C) issued by NILA, providing for conversion to a listing on Nasdaq or other liquidity events.
[Solana surpasses Ethereum and becomes the blockchain with the largest weekly stablecoin transfer volume]
According to data from the blockchain analysis platform Artemis, Solana has surpassed Ethereum to become the blockchain with the largest weekly stablecoin transfer volume. Solana’s stablecoin weekly transfer volume has reached 364.7 billion US dollars, surpassing the Ethereum network’s 1529.9 One hundred million U.S. dollars. Other mainstream chains such as Tron and BNB Chain have transaction volumes of US$101.57 billion and US$22.75 billion respectively.
Solana currently holds 42.3% of the stablecoin market, a significant increase from its 1.9% share a year ago.
[Coinbase International Exchange’s daily trading volume hit a record high in March]
Coinbase International Exchange (Coinbase International Exchange) daily trading volume hit a record high in March. The average daily trading volume in March was significantly higher than in previous months. Trading volume hit a record high of $6.23 billion last Wednesday.
Coinbase International Exchange is only open to non-U.S. clients in select jurisdictions and provides institutional clients with access to more than 30 perpetual futures and spot markets.
"It's still early days, but the market has shown they want to see a trusted international counterparty established in a compliant manner, and Coinbase International Exchange is well-positioned to continue growing," a Coinbase spokesperson said.
[The U.S. SEC’s civil fraud trial against Do Kwon and Terraform Labs has begun in New York]
The civil fraud trial brought by the U.S. Securities and Exchange Commission (SEC) against Do Kwon and Terraform Labs kicked off in New York on Monday. The SEC accused Kwon and Terraform Labs of lying to investors about the stability of their "algorithmic stablecoin" Terra. Integrating Terra Blockchain into South Korean mobile payment app deceives investors.
Do Kwon, who also faces criminal charges in New York and South Korea, was released from a Montenegrin prison on Saturday to await extradition to the United States or South Korea, where the Balkan country's top court is weighing competing extradition requests from the United States and South Korea.
[Goldman Sachs executive: Hedge fund clients’ interest in cryptocurrency options is “reviving”]
Max Minton, the Asia-Pacific head of digital assets at U.S. banking giant Goldman Sachs (GS), said in an interview with Bloomberg that after a quiet 2023, the approval of a U.S. spot Bitcoin exchange-traded fund (ETF) in January triggered concerns among Goldman Sachs clients. Interest "revived". “Since the beginning of the year, we have seen increased interest from hedge fund clients in registrations, participation channels and volumes of crypto options products,” he said.
Minton added that demand is driven by existing clients, primarily hedge funds, but Goldman is expanding into asset managers, banking clients and certain digital asset firms.
Author: BitpushNews Mary Liu
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