SEC Chairman: SEC has never stated that Bit and ETH are securities
US SEC sues Musk: Failed to disclose purchase of Twitter stock on time, saved $150 million
The US Securities and Exchange Commission (SEC) filed a lawsuit in the US District Court for the District of Columbia on Tuesday, accusing Musk of violating securities regulations. The SEC said Musk purchased more than 9% of Twitter's common stock in March 2022 but failed to timely disclose the information, violating federal securities laws. The 11-day delay allowed Musk to continue buying Twitter stock at an artificially lowered price, saving him at least $150 million. On April 4, 2022, Twitter's stock price rose more than 27% from the previous day's close. Musk's lawyers responded that he did nothing wrong and the lawsuit is "a travesty".
OpenAI: ChatGPT has launched a beta version of the "Tasks" feature
OpenAI appoints BlackRock executive Adebayo Ogunlesi as board member
Coinbase to add Toshi (TOSHI) to the listing roadmap
WLFI deposits 11,918 ETH to Coinbase Prime
Spark Protocol to allocate $1.1 billion to Ethena's USDe and sUSDe tokens
According to The Block, the lending sub-DAO of the Sky ecosystem, Spark Protocol, plans to allocate $1.1 billion from its liquidity layer balance sheet to Ethena's USDe and sUSDe tokens to improve capital efficiency. Spark's liquidity layer manages $6.2 billion in stablecoin liquidity, supporting users in converting USDC to and from Sky's USDS or sUSDS tokens across multiple networks.
On-chain options protocol Derive has opened an airdrop claim page
Genius Group announces $33 million equity offering to increase Bitcoin reserves
According to Globenewswire, AI company Genius Group (NYSE American: GNS) announced that its board of directors has approved a plan to conduct a $33 million equity offering of the company's common stock, with the net proceeds to be used 100% to purchase Bit for the company's Bit treasury.
Additionally, the company plans to seek one or more additional debt financing facilities, with a total potential amount of up to $20 million. If the company successfully raises the maximum amount through the equity offering and additional debt, the company's Bit reserves would increase from approximately $35 million in Bit to $86 million in Bit.
The company will hold a live webcast and investor conference call on January 15, 2025 to discuss the equity offering.
Avalon Labs has opened the registration for the AVL governance token airdrop
Stablecoin issuer Avalon Labs announced on the X platform that the registration for the AVL governance token airdrop is now live. Users need to complete the chain selection and wallet entry to successfully register. On the TGE day, users will be able to check the specific airdrop ratio. According to previous information, the total supply cap of AVL is 1 billion, with 20% allocated for the airdrop.
Crypto wallet technology company Dfns raises $16 million, led by Abu Dhabi sovereign wealth fund ADQ
According to Bloomberg, the Paris-based crypto wallet technology company Dfns has raised $16 million, led by the Abu Dhabi sovereign wealth fund ADQ. Other investors include market maker Wintermute, Motive Partners, Bpifrance, and the family office of Galeries Lafayette Group's owner, Motier Ventures.
According to Bloomberg, the Bit and ETH options trading platform Deribit has attracted interest from potential acquirers and is working with financial advisor Financial Technology Partners LLC to evaluate the opportunities. Sources reveal that Deribit could be valued between $4 billion and $5 billion, although Kraken previously considered acquiring it but did not proceed with the transaction.
Deribit stated that it has not officially put itself up for sale, but confirmed receiving multiple strategic investment proposals. The platform's trading volume nearly doubled last year, reaching $1.2 trillion, with options notional trading volume growing 99% to $743 billion.
Deribit's institutional clients are currently served directly by Deribit FZE in Dubai, while retail clients are supported by its Panamanian entity, with the parent company based in the Netherlands. Deribit was founded in 2016 and is headquartered in the Netherlands.
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