What's happening in the world of crypto.
@binance Sued, @Nasdaq Custody, @Gemini Derivatives
Everything you need to know 🧵👇
1/18
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{Whats happening in the world}
1️⃣ Binance was sued by CFTC.
The US regulators allege the largest crypto exchange in the world for keeping an illegal foothold in the American market and evading US federal laws.
reuters.com/legal/investors-pull-16-billion-binance-after-cftc-lawsuit-2023-03-29/#:~:text=The%20U.S.%20Commodity%20Futures%20Trading,a%20%22sham%22%20compliance%20program
{@Nasdaq}
2️⃣ Nasdaq aims for crypto custody launch by the end of Q2.
The global exchange group is doubling down on crypto amidst regulatory uncertainty. The project was announced in September and will mark Nasdaq's first significant foray into crypto.
bloomberg.com/news/articles/2023-03-24/nasdaq-eyes-crypto-custody-launch-by-end-of-second-quarter#:~:text=Nasdaq%20Inc.,of%20bankruptcies%20in%20the%20industry.
{@Gemini}
3️⃣ Gemini prepares overseas derivatives exchange.
The Winklevoss-twin-owned exchange is gearing up to launch its international derivatives exchange. The new platform will offer perpetual futures, which are unavailable in the US.
theinformation.com/articles/gemini-preps-overseas-derivatives-exchange-to-offer-perpetual-futures
{Eular}
4️⃣ Euler exploiter has returned 51,000 $ETH.
The hacker initially exploited $200M earlier in March and has since returned the majority of stolen funds to the protocol.
unchainedcrypto.com/euler-hacker-returns-51000-eth-to-protocol/#:~:text=On%2Dchain%20data%20shows%20that,in%20the%20%24190%20million%20exploit.&text=The%20Euler%20Finance%20Exploiter%20sent,to%20Euler%20Deployer%20just%20now.
{@etherum}
5️⃣ Ethereum confirms April 12 Shapella upgrade date.
Following an official consensus reached by core developers, the Shapella upgrade will happen at network epoch 194,048 -- predicted to be 6:27 pm EDT on April 12.
theblock.co/post/223363/ethereum-core-devs-confirm-april-12-date-for-shapella-upgrade#:~:text=The%20Shapella%20network%20upgrade%20will,the%20Ethereum%20Foundation%20on%20Tuesday.
{@Disney}
6️⃣ Mickey Mouse says goodbye.
Disney eliminated its metaverse division as part of a broader restructuring plan that will reduce headcount by ~7,000 over the next 2 months. Roughly 50 members are impacted.
techcrunch.com/2023/03/27/disney-cuts-metaverse-division-as-part-of-broader-restructuring/#:~:text=Walt%20Disney%20Co.%20has%20eliminated,reports%20The%20Wall%20Street%20Journal.
{CFTC}
7️⃣ CFTC Behnam reinforces its view that $ETH is a commodity.
CFTC Chairman Behnam reiterated that he believes Ethereum is a commodity. This assertion differs from what his counterpart, Gary Gensler, has stated at the SEC.
coindesk.com/policy/2023/03/28/us-cftc-chief-behnam-reinforces-view-of-ether-as-commodity/
{@Fidelity}
8️⃣ Fidelity is building out a crypto team.
The $4 trillion asset management giant is building out its crypto research team, actively hiring for a lead of its crypto and token research development team.
theblock.co/post/223190/fidelity-hiring-crypto-token-research-team#:~:text=Fidelity%20is%20building%20out%20a%20crypto%20and%20token%20research%20team&text=%22They%20will%20work%20on%20data,firm%20noted%20in%20the%20ad.
{TRON}
9️⃣ Justin Sun lost his Grenada WTO Ambassador title.
The founder of $TRON blockchain stated that his term as an Ambassador was coming to an end. The announcement came only hours after his screenshots claiming that he's still a diplomat.
coindesk.com/policy/2023/03/30/tron-founder-justin-sun-reportedly-lost-his-diplomatic-status/
{@BittrexExchange}
🔟 Bittrex shuts down US operations.
The exchange that was once a market leader has decided to shut down its US operations. Bittrex cited that it is economically not viable to operate due to the US's unclear regulatory requirements.
bizjournals.com/seattle/news/2023/04/03/bittrex-crypto-exchange-closing-us-operations.html#:~:text=Seattle%2Dbased%20cryptocurrency%20exchange%20Bittrex,was%20laying%20off%2083%20employees.