Binance, will be updating the Monitoring Tag list of tokens on October 4, 2023. The Monitoring Tag is applied to tokens that do not meet its minimum standards or have been identified as having potential compliance or security risks. They Crypto exchange stated it has conducted comprehensive review of the tokens listed on Binance and have decided to add more tokens to the Monitoring Tag list based on their platform criteria.
The updated list will be published on binance website and app. Please note that the Monitoring Tag does not necessarily imply that a token will be delisted, but it does indicate that users should exercise caution when trading or holding such tokens.
Patrick McHenry, a Republican congressman from North Carolina who has been a vocal critic of Gary Gensler, the chair of the Securities and Exchange Commission, has been appointed as the speaker pro tempore of the House of Representatives. The speaker pro tempore is the second-highest ranking officer of the House, after the speaker, and presides over the chamber in the speaker’s absence.
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McHenry has clashed with Gensler over his regulatory approach to cryptocurrencies, which McHenry argues is too restrictive and stifles innovation. McHenry has also accused Gensler of being biased against certain types of financial products, such as exchange-traded funds and non-fungible tokens. McHenry said he was honored by the appointment and vowed to use his position to advance a pro-growth agenda that supports American businesses and investors.
In a major victory for Ripple, the US District Court for the Southern District of New York has denied the Securities and Exchange Commission’s (SEC) motion to appeal a ruling that granted Ripple access to the SEC’s internal communications on how it determines whether a cryptocurrency is a security. The judge ruled that the SEC’s arguments were not persuasive, and that the discovery was relevant to the fair notice defense raised by Ripple. The judge also stated that the public interest in the case was high and that the SEC’s disclosure obligations were not unduly burdensome.
The policies of President Joe Biden are the root cause of the inflation crisis that is plaguing America, according to a US Senator. The Senator delivered a speech on the Senate floor, in which he accused Biden of creating a “man-made disaster” that is affecting millions of Americans. He said that Biden’s spending plans and tax hikes are hurting the economic recovery from the pandemic and causing prices of goods and services to soar across the country. He called on Biden to change his direction and adopt a more fiscally responsible approach to governing.
Chainalysis, a leading provider of blockchain intelligence solutions, has announced a major restructuring that will affect more than 15% of its staff. The decision, which will result in the layoff of 150 employees, is part of the company’s strategy to adapt to the changing market conditions and customer needs.
Kraken, one of the leading cryptocurrency exchanges in the world, has announced that it will offer trading for US-listed stocks on its platform. This means that users of Kraken can buy and sell shares of companies such as Apple, Tesla, Amazon, and Netflix using cryptocurrencies or fiat currencies. Kraken claims that this service will provide more access and liquidity to the stock market, as well as more opportunities for diversification and arbitrage. Kraken will partner with a regulated broker-dealer to facilitate the trading of US stocks, which will be available 24/7 and with low fees.
Several financial institutions, such as VanEck and Proshares, have launched new products that track the performance of Ethereum, the second-largest cryptocurrency by market capitalization. These products, known as Ethereum Futures ETFs, allow investors to gain exposure to the price movements of Ethereum without having to buy or store the digital asset directly. Ethereum Futures ETFs are regulated by the Securities and Exchange Commission (SEC) and trade on major stock exchanges like the NYSE and Nasdaq.
Coinbase, one of the leading cryptocurrency exchanges in the world, has announced that it will offer futures trading to its customers outside the US. This move is expected to increase the liquidity and accessibility of the crypto market, as well as provide more opportunities for hedging and speculation. Futures trading allows traders to bet on the future price movements of an asset, without having to own it.
Coinbase said that its futures platform will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and other popular coins. The platform will also offer margin trading, which enables traders to borrow funds to amplify their returns or losses. Coinbase said that it has obtained regulatory approvals from various jurisdictions, including the UK, Germany, Japan, and Singapore, to operate its futures trading service. The company added that it will comply with all local laws and regulations, and that it will implement strict security and compliance measures to protect its customers and their funds.