🇺🇸 Republicans are demanding Gensler tell them how Prometheum received SEC approval.
23 lawmakers are questioning how a previously unknown firm beat out other applicants for SEC registration as a specialized digital asset broker-dealer.
“The timing of the approval raises suspicions that the decision regarding Prometheum Inc. was made without complying with the law,” the letter says.
The SEC is preparing to file an appeal in the Ripple case In a lawsuit against Terraform Labs, the US Securities and Exchange Commission (SEC) asked the court to ignore parts of the recent Ripple decision because it does not comply with existing securities laws and violates the principles of the Howey test In its statement, the SEC also made it clear that it is preparing to appeal the Ripple case. Previously, Lawyers for Terraform Labs and Do Kwon used the Ripple decision as a motion to dismiss the lawsuit from the SEC
🤓 Sam Bankman-Fried's brother planned to purchase the island of Nauru with funds from FTX clients
According to court documents, the brother of former FTX CEO Sam Bankman-Fried, Gabriel Bankman-Fried, planned to purchase the island nation of Nauru with funds from the exchange's clients.
They wanted to take the money from the company's charitable foundation.
The main purpose of the purchase is to prepare for the apocalypse and build a bunker.
Picture ⬆️ shows a single $10 million flash loan transaction in AAVE with a final yield of $1.2 million. The profitability is obtained from the difference in the purchase price of WBTC/DAI on Curve and the subsequent sale (within one transaction) of WBTC/USDT on Uniswap. Of course, such arbitrage requires a lot of experience, a bit of luck and hard work to find an opportunity 🤑 The essence of this action is to show the effectiveness of flash loans as a unique financial instrument.
According to the International Monetary Fund (IMF), banning crypto assets may not be an effective approach to risk management in the long term.
Instead, the IMF said countries should focus on addressing the drivers of cryptocurrency demand, including citizens' unmet needs for digital payments, as well as increasing transparency by recording cryptocurrency transactions in national statistics.
😈 Don’t forget about the active Lunchpool on Binance - MAV In this Launchpool, you will be able to stake BNB and TUSD in separate pools to farm $MAV tokens for 25 days, starting June 14, 2023, 03:00. You will receive tokens hourly, you can pick up BNB, TUSD at any time. What you need to do: ▪️Register on Binance ▪️Put BNB into hold ▪️We receive the long-awaited tokens and sell them with X’s. Let's Steak!!!#BNB#airdrop #Drop
🐾Florida (USA) Governor Ron DeSantis announced last month that he is running as a Republican candidate in the US presidential election, citing the protection of Bitcoin as one of his policies. Related: Some candidates vow to “protect Bitcoin”; Will virtual currency policy also be a focus in the 2024 presidential election?
!!!!! SEC Approves First Leveraged Bitcoin Futures ETF 🔥
Bitcoin ETF Volatility Shares (BITX) will become the first leveraged ETF legally available in the United States after the US Securities and Exchange Commission allowed it to operate in the country.#bitcoin#ETF #SEC
Bitcoin spot ETFs would open the flood gates. If approved, they will allow a whole host of new investors to participate directly in the project through their broker. These documents alone will once again legitimize Bitcoin in the eyes of the general public. BlackRock is not moving in disarray.
The institutions are here. Just 2 weeks ago, the mainstream media was calling the cryptocurrency dead. The last 10 days have shown that this is just the beginning. Here's what happened: BlackRock, the world's largest ETF issuer, filed to create a Bitcoin spot ETF. Over the past two years, several investment managers tried to register such products, but the SEC has so far rejected all u200b applications. WisdomTree and Invesco quickly followed suit. Bitcoin spot ETFs would open the gates!