23-09-2024

Author

Fernando Fierro
September 23, 2024

Howdy folks,

🚀⚖️ Elon Musk is under fire from the SEC for skipping critical testimony related to his $44 billion Twitter acquisition deal. The SEC is pushing for sanctions, claiming Musk violated a court order, while his lawyers argue the agency is overreacting and promise he'll attend a rescheduled session in October.

This legal clash adds to Musk's growing regulatory troubles globally, raising doubts about his ambitious plans for X.

In other news:

🚨🔑 Shezmu has successfully reclaimed nearly $5 million in crypto after a hacking incident. Initially, the hacker demanded a higher bounty, which Shezmu agreed to, facilitating the return of the stolen funds.

This rapid recovery was crucial for the crypto lender, reflecting a proactive and tactical response to the breach.

📈🪙 The SEC has taken a significant stride by approving options trading for BlackRock's spot Bitcoin ETF on Nasdaq, heralding a new era for institutional acceptance of cryptocurrency. Although the SEC's green light is a major step, further regulatory approvals from the OCC and CFTC are still pending, casting uncertainty on the timeline for IBIT options.

This development raises essential questions about whether this approval marks a true regulatory shift or just another bureaucratic hurdle for crypto investors.

🚨🔒 BingX is resuming withdrawal services after a major hack that resulted in over $52 million in losses. The exchange is starting with mainstream tokens like USDT, ETH, and BTC, noting possible delays due to heightened security checks.

BingX’s product chief highlighted the broader security issues this breach underscores for the Web3 community.

DailyCoin Daily Meme

As Tether’s Market Share Grows, So Do Concerns About Its Stability—Is Another FTX-Like Collapse on the Horizon?

Tether faces increasing scrutiny over its stability and transparency, raising concerns about crypto market risks. Stay informed on DailyCoin.

Ripple’s Fate Looms as SEC Flirts with October Appeal Deadline

The SEC’s decision on whether to appeal its case against Ripple is due soon, impacting crypto regulation. Follow updates on DailyCoin.

Navigating The Blockchain’s Political Landscape: Scaramucci Claims To Be Working With Kamala Harris and BTC Advocates

What did SkyBridge Capital founder and Bitcoin enthusiast Anthony Scaramucci mean by Kamala Harris “working alongside” him and BTC advocates?

Thanks for joining us today!
If you're hungry for more, check out our website.
See you next time for more crypto fun!

DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

Sharing is caring!

Know someone who would like this newsletter?
Share this email with them so they can subscribe.