The US Securities and Exchange Commission alleges Musk violated US securities laws by failing to timely disclose that he owned over 5% of Twitter’s stock in early 2022. Source link
Day: January 14, 2025
SEC files lawsuit against Elon Musk for securities law violation
Key Takeaways The SEC sued Elon Musk for failing to disclose his Twitter share purchases before acquiring the platform. Musk’s lawyer claims the SEC’s lawsuit is baseless and suggests no wrongdoing was committed. Share this article The US SEC has initiated a lawsuit against Elon Musk in federal court, alleging he failed to timely disclose his purchase of more than 5% of Twitter (now X) shares before acquiring the social media platform, according to a Jan. 14 filing first shared by DB News. According to the complaint, Musk started buying…
CryptoPunks NFT floor price spikes 13% on rumors of IP sale
Yuga Labs hasn’t confirmed or denied rumors that it is selling the IP rights to CryptoPunks, the world’s most valuable NFT collection. Source link
CFTC mulling probe of Crypto.com over Super Bowl contracts: Report
The CFTC is considering probes on sports betting event contracts offered by Crypto.com weeks out from the popular Super Bowl match, Bloomberg reports. Source link
SEC delays decision on Bitwise 10 Crypto Index ETF application
Key Takeaways The SEC has extended the decision period for Bitwise’s ETF application to March 3, 2025. The Bitwise 10 Crypto Index Fund includes top crypto assets like Bitcoin, Ethereum, XRP, and Solana. Share this article The Securities and Exchange Commission (SEC) has extended its review period for the Bitwise 10 Crypto Index ETF application, with a new decision deadline set for March 3, 2025. According to the SEC filing, the extension is necessary to thoroughly assess the proposal, which seeks to list the Bitwise 10 Crypto Index Fund (BITW)…
Ripple execs lash out at SEC’s refusal to postpone appeal filing
According to Ripple’s chief legal officer, the SEC will continue with its appeal of a judgment in the civil case despite Chair Gary Gensler stepping down in six days. Source link
Deribit options exchange is evaluating buyout offers: Report
According to Bloomberg, the Bitcoin and Ether options trading platform may be worth up to $5 billion. Source link
You Should Not Wear This Bitcoin Shirt — Here's Why
Follow Nikolaus On 𝕏 Here For Daily Posts Everyone has their own unique sense of style, but if you are wearing Bitcoin merch like the shirt in the X post below out in public — you should probably stop doing so. This Bitcoin shirt is cringe as fuck. Have fun getting 7 dollar wrench attacked. pic.twitter.com/zRlT2CFrIg — Breadman (@BTCBreadMan) January 11, 2025 I agree with this post in that this shirt is cringe as fuck and will only bring unwanted attention. Most people don’t understand Bitcoin and the lingo adjacent…
Gary Gensler says the presidential election wasn’t about crypto money
The SEC chair is set to leave office in six days, the same day Donald Trump is scheduled to be inaugurated as president in Washington, DC. Source link
ai16z’s Eliza Labs ships white paper for Web3-native AI agents
The company envisions a world of AI agents, like Eliza, trading autonomously onchain. Source link