Bitpush editor selects Web3 news for you every day:
[ BlackRock Chief Investment Officer: The Federal Reserve can still cut interest rates twice this year]
BlackRock Chief Investment Officer Rick Rieder said he expects U.S. inflation data to improve and he has "reduced interest rate exposure" and believes the Federal Reserve can still cut interest rates twice this year.
[NFT Marketplace Magic Eden Launches Bitcoin Rune Platform, Currently in Beta]
NFT marketplace Magic Eden has launched a new platform for Bitcoin Runes, which is in beta and allows users to redeem BTC with their Magic Eden wallets and purchase runes and ordinals.
According to a release from Magic Eden, the platform will also have a Swaps View, allowing users to set a specific BTC amount they want to spend when purchasing Runes.
Magic Eden has been supporting Bitcoin Ordinals through the Bitcoin NFT marketplace since March 2023, and the Magic Eden wallet supports Ethereum and Polygon in addition to Bitcoin and Solana .
[Two SEC lawyers forced to resign for "abuse of power" in DEBT Box crypto case]
According to a report by Bloomberg on Monday, two SEC lawyers, Michael Welsh and Joseph Watkins, were forced to resign for "abuse of power" in the DEBT Box encryption case. The two were the lead lawyers for the case against Digital Licensing Inc. (an encryption platform called DEBT Box). Previously, an SEC official told them that if they stayed, they would be fired.
Robert Shelby, a federal district court judge in Salt Lake City who is hearing the case, said the regulator's lawsuit against DEBT Box was marred by false and misrepresentation and a lack of evidence. In March, Shelby ruled that the SEC had committed "serious abuse of power" and ordered it to pay Debt Box's legal fees. The case is still ongoing.
[SBF signed a settlement agreement with some FTX customers, agreeing to assist in filing lawsuits against celebrity promoters and venture capital firms]
Sam Bankman-Fried signed a settlement with a group of FTX customers who agreed to drop their class-action lawsuit against him in exchange for his help in suing FTX’s celebrity promoters and some venture capital firms.
The agreement, filed in a Miami court on Friday and yet to be approved by a judge, would indemnify Bankman-Fried from current and future civil liability related to the FTX collapse.
Bankman-Fried's co-defendants Caroline Ellison, Nishad Singh and Gary Wang, as well as FTX attorney Dan Friedberg, also reached similar settlements with plaintiffs' attorneys.
It is reported that most of FTX's promoters, such as athletes Tom Brady, Stephen Curry, Shaquille O'Neal, Naomi Osaka, Shohei Otani and supermodel Gisele Bundchen, have been involved in lawsuits due to the incident.
[New York Stock Exchange launches poll on 24/7 trading]
The New York Stock Exchange is opening a poll on 24/7 trading, according to the Financial Times. The survey was conducted by its data analytics team rather than its management, but it highlights investors' growing interest in overnight trading between 8pm and 4am ET. The questions reportedly included whether participants would be willing to trade overnight seven days a week, how investors should be protected from price fluctuations, and views on staffing during overnight trading hours.
The SEC has several months to review the plans.
[Switzerland plans to launch a referendum to include Bitcoin in its national asset reserves]
According to Cryptoslate, Swiss Bitcoin advocate, founder and chairman of the non-profit think tank 2B4CH, Yves Bennaïm, launched a referendum urging the Swiss National Bank (SNB) to include Bitcoin in national asset reserves.
The launch of the referendum depends on obtaining 100,000 valid signatures from Swiss citizens. If the required number is reached, Swiss citizens will vote on the proposed amendments.
[The Hong Kong Securities and Futures Association plans to establish a self-regulatory organization for the development of the virtual asset industry]
According to official reports, the Hong Kong Securities and Futures Association published a letter to the Hong Kong Financial Services Bureau on its official website, "Proposing the establishment of an independent self-regulatory organization for the development of the securities, futures, asset management and virtual capital industries."
It pointed out that many economically developed regions in the world, including our country, have established statutory semi-official industry self-regulatory organizations that focus on industry development and market ecology. Hong Kong can refer to a similar approach and form a self-regulatory organization with "industry development as its core function" composed of industry stakeholders. It is responsible for formulating and implementing business conduct rules in areas such as promoting a healthy competitive ecology in the industry, coordinating the number of licenses issued, reviewing advertisements, and advocating to improve the corporate governance level of securities firms. The purpose is to ensure the long-term and healthy development of the industry as a whole, enhance the competitiveness of Hong Kong's securities market in the global market, and consolidate its position as an international financial center. In terms of supervision, the power of the SFC's licensing department must also be set up in the self-regulatory organization, while other regulatory powers over the market remain unchanged.
Author: BitpushNews Mary Liu
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