Key Updates
- SEC completes two-year review of Coinbase, requiring no modifications or restatements.
- Semler Scientific files with SEC to issue $500M in securities for additional Bitcoin purchases.
- Nigerian investors hit by CBEX Ponzi scheme, with losses potentially reaching tens of millions.
- BNB completes 31st quarterly token burn, destroying $916M worth of BNB.
- Bithumb to list KERNEL on KRW market.
- Upbit adds WCT/BTC/USDT trading pairs, launches SHELL and DEEP pairs.
Top Stories from the Last 24 Hours
SEC's Landmark Coinbase Review Concludes
The U.S. SEC has finalized its two-year examination of Coinbase's financial disclosures without mandating changes. Chief Legal Officer Paul Grewal confirmed the review covered 2022-2023 10-K filings, marking a significant milestone amid evolving crypto regulations.
👉 How SEC rulings impact crypto exchanges
Semler Scientific Seeks $500M for Bitcoin Treasury
The medical tech firm filed an S-3 registration to raise capital, primarily to expand its BTC holdings—reflecting institutional adoption trends.
Nigerian CBEX Scam Exposes $12M Losses
Thousands fell victim to the "AI-powered" Ponzi scheme falsely linked to China's equity exchange. Forensic analysis reveals ties to Southeast Asian money laundering networks.
BNB's Record $916M Token Burn
The 31st quarterly burn reduced supply by 1.58M BNB, leaving 40.9M pending destruction.
Exchange Updates
| Platform | Action | Trading Pairs |
|----------------|---------------------------------|-----------------------------|
| Bithumb | KRW listing | KERNEL |
| Upbit | New listings | WCT/KRW/BTC/USDT |
| | Upcoming | SHELL, DEEP (BTC/USDT) |
Featured Articles
- Elite Degrees vs. Hustle Culture: Does Web3 favor credentials or experience?
- Crypto M&A Boom: How firms are scaling via acquisitions.
- Galaxy Digital's $43B Revenue: The strategy behind its IPO push.
FAQ
Q: What does SEC’s Coinbase review mean for crypto regulation?
A: It signals cautious oversight without stifling innovation—potential template for future cases.
Q: How do token burns like BNB’s affect prices?
A: Reduces supply, often creating upward pressure if demand holds steady.
Q: Are "AI-powered" crypto schemes trustworthy?
A: Most promise unrealistic returns. Verify team credentials and audit reports first.