• Asset managers are becoming increasingly interested in Ethereum futures ETFs.
• Ripple is accusing the SEC of weaponizing its quarterly reports in court.
• The US Department of Justice is weighing Binance criminal charges against potential market panic.
Asset Managers Interested in Ethereum Futures ETFs
Asset managers have recently been shifting their interests to Ethereum futures ETFs as the demand for digital assets continues to grow. These funds will offer investors an easy way to gain exposure to the asset class without needing to purchase and manage individual cryptocurrencies themselves. Additionally, these funds could potentially provide more liquidity and price stability than individual coins.
Ripple Accuses SEC of Misusing Quarterly Reports
Ripple has accused the U.S Securities and Exchange Commission (SEC) of misusing company’s quarterly reports in court proceedings. The move stems from a lawsuit brought by the SEC which alleges that Ripple has sold unregistered securities as part of its XRP token sale back in 2013. Ripple claims that while it disclosed this activity, the SEC is using this information out of context to make false allegations against the company.
US DOJ Weighing Binance Criminal Charges
The US Department of Justice (DOJ) is reportedly weighing criminal charges against crypto exchange Binance for violating anti-money laundering regulations and aiding users who conduct illegal activities on its platform. This news comes at a time when regulators around the world are increasing their scrutiny over cryptocurrency exchanges due to concerns about money laundering and other illicit activities being conducted through them.
Total Value Locked Across DeFi Protocols Dropping
The total value locked across all decentralized finance (DeFi) protocols has dropped more than $3 billion since a recent attack on Curve Finance, according to data from DeFi Pulse. Unidentified hackers were able to exploit a vulnerability in Curve’s smart contract code, resulting in losses totaling $6 million worth of DAI stablecoin tokens from user funds held within the protocol’s liquidity pools.
Non-profit Glo Launches Stablecoin Leveraging Yields To Alleviate Poverty
A non-profit organization called Glo has launched a new stablecoin leveraging yields to alleviate extreme poverty worldwide. The new project aims to use blockchain technology and tokenized assets such as gold, oil, or real estate backed stablecoins as well as yield farming strategies with DeFi protocols like Compound Finance and Aave protocol among others, to generate returns that can be used towards helping those suffering from economic hardship throughout the world