FTX, Coinbase, & SEC Actions
Crypto Market Update: Key Developments
This week's crypto news is dominated by significant developments impacting major players and regulatory oversight. Noelle Acheson, author of the Crypto is Macro Now newsletter, provides insightful commentary on these key events.
FTX Crypto Holdings Sale Approved
A bankruptcy court judge has authorized the sale of bankrupt FTX's remaining cryptocurrency holdings, including Bitcoin (BTC) and Solana (SOL). This decision has major implications for creditors and the broader market. Details on the court order can be found here. Further information on the bankruptcy court guidelines for digital asset sales is available here.
Coinbase Embraces Bitcoin's Lightning Network
Coinbase, a leading cryptocurrency exchange, has confirmed its plans to support the Bitcoin Lightning Network. This integration will significantly accelerate Bitcoin transactions, potentially boosting adoption and improving user experience. Read the announcement here. Track Lightning Network transaction data here.
SEC's Regulatory Scrutiny Intensifies
The Securities and Exchange Commission (SEC) continues its aggressive regulatory approach, classifying certain NFTs, such as 'Stoner Cats,' as unregistered securities. This highlights the ongoing debate surrounding the regulatory classification of digital assets.
Sponsored by Kraken Pro
This segment is sponsored by Kraken Pro, a powerful and customizable trading platform for crypto. Trade like a pro at pro.kraken.com. Disclaimer: Not investment advice. Crypto markets are unregulated and involve risk of loss.
This episode was hosted by Noelle Acheson.
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