Crypto
Legal
Court dismisses DEBT Box case without prejudice, imposes over $1.8 million in fines on SEC
The SEC succeeded in obtaining a voluntary dismissal without prejudice.
Crime
FTX’s Ryan Salame to serve 7.5 years in prison
The former FTX DM co-CEO previously reached a plea deal in September.
Crypto
JP Morgan believes Solana and other crypto ETFs unlikely to secure regulatory approval
The SEC's approval of spot ETH ETFs is already on uncertain ground.
ETF
ETF approvals will boost Ethereum’s long-term growth despite short-term headwinds – Kaiko Research
According to Kaiko's report, the approval has removed much of the regulatory uncertainty around Ethereum's classification as an asset class.
ETF
Farallon Capital discloses $85 million in GBTC, Cetera discloses $22 million in GBTC
BigSur Wealth Management also disclosed a $3.3 million IBIT investment.
ETF
Spot ETH ETFs could see 25% of the demand of BTC counterpart – Bloomberg analysts
Bloomberg ETF analyst James Seyffart took part in an interview hosted by Bitwise CIO Matt Hougan, who in turn predicted "significant demand."
Adoption
Bitcoin miner Marathon partners with Kenya to capitalize on excess energy
The agreeement is expected to attract $80 million in foreign investments.
Legal
US court rules crypto influencer conducted unregistered offering of crypto asset securities
The court ruled that crypto influencer Ian Balina violated securities laws by offering and selling the SPRK token, which was deemed a security under the Howey test.
Exchanges
Supreme Court denies Coinbase’s request to compel arbitration in Dogecoin sweepstakes dispute
The judge ruled that "a court, not an arbitrator," must decide whether one of Coinbase's agreements supersedes the other.
Bankruptcy
FTX examiner recommends further investigation into shortfalls, S&C’s legal representation
The examiner emphasized the necessity of three primary investigations to further clarify the circumstances surrounding FTX Group's downfall.
Regulation
House passes FIT21 crypto bill with majority bipartisan support
The Senate must vote on the bill at a later date.
ETF
VanEck intends to be first spot ETH ETF issuer, argues against simultaneous approvals
The SEC is due to approve or reject the firm's ETF application on May 23.