Judge Katherine Failla granted Coinbase’s request for an interlocutory appeal, citing different courts’ interpretations of what constituted a security under the SEC’s purview. Source link
Day: January 7, 2025
Multicoin Capital eyeing AI agents, institutional ‘frenzy’ in 2025
The venture firm expects 2025 to see a proliferation of tokenized securities and the emergence of AI agent “alpha hunters.” Source link
Anthropic expected to reach $60B valuation after funding deal: WSJ
The OpenAI rival’s valuation could have risen by more than 233% since 2023, should a reported funding round led by Lightspeed Venture Partners go through. Source link
Bitcoin’s brief rally to $100K triggers record 5.4K BTC monthly outflow
Bitcoin price sold-off today, but heavy demand below $98,000 is prepping the market for the next leg higher. Source link
Coinbase scores rare legal victory as court grants interlocutory appeal in SEC case
Key Takeaways Coinbase has been granted an interlocutory appeal by Judge Failla, allowing it to challenge SEC’s claims at the Second Circuit Court of Appeals. The appeal raises significant questions about the application of securities law to digital assets, particularly concerning the Howey test. Share this article Coinbase has achieved a significant legal milestone in its ongoing battle with the SEC, as Judge Katherine Polk Failla of the Southern District of New York granted the company a rare interlocutory appeal. According to the filing, this decision allows Coinbase to bring…
Bitcoin Layer 2 Foundations Should Buy Bitcoin For Their Treasuries
I’ve been thinking about this a lot lately: Bitcoin Layer 2 foundations need to start holding bitcoin in their treasuries. It makes too much sense for them not to. And apparently I’m not the only one. As someone who’s watched this space evolve, let me explain why Bitcoin Layer 2 foundations should listen to Molly and I. For years, bitcoin was known as “digital rock”—a solid store of value but not much else. But now with the explosion of Bitcoin Layer 2s, bitcoin is becoming a “programmable rock.” These layers…
Meta to scrap fact-checkers in favor of 'free expression'
The social media company will switch to a community notes model similar to the X platform’s, Meta said. Source link
Bitcoin retreats from $102K high amid hot job data and Federal Reserve projections
Key Takeaways Bitcoin dropped 5% from its high of $102,000 amid stronger-than-expected US job data. The crypto market, which had gained 11% in early 2025, is now down over 5%, with Ethereum, XRP, and Solana also seeing steep declines. Share this article Bitcoin has fallen over 5% since reaching a high of over $102,000 on Monday. This 5% decline pushed Bitcoin to the $96.5K mark, and the momentum suggests the asset is struggling to recover, as it remains at this level hours after the initial drop. This marks a rocky…
BTC miners adopted ‘treasury strategy,’ diversified business in 2024: Report
In 2024, the combined market capitalization of public Bitcoin mining companies reached $50 billion for the first time. Source link
CFTC chief Rostin Behnam resigns, urges stronger crypto oversight
Key Takeaways Rostin Behnam will step down as CFTC chair on Jan. 20 after a tenure marked by high-profile enforcement actions in crypto and calls for stronger oversight. Behnam stresses the importance of disciplined digital asset regulation and a renewed focus on closing the regulatory gap in crypto markets. Share this article Rostin Behnam will step down as chair of the US Commodity Futures Trading Commission (CFTC) on Jan. 20, as announced in a statement published by the CFTC. His four-year term was marked by heightened enforcement in digital assets…