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Crypto Morning Briefing: French Lawmakers Agree to Ban Crypto Influencer Promotions

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Tron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation Charges

The U.S. Securities and Exchange Commission sued Justin Sun Wednesday on allegations of selling and airdropping unregistered securities, fraud and market manipulation.

Coinbase Will Soon Support the ARB-USD Trading Pair

In advance of the Arbitrum airdrop, Coinbase tweeted that it will support trading for the governance token on March 23.

Unstoppable Domains to Roll Out Web3 Messaging Service on Polygon

Web3 domain provider Unstoppable Domains said Wednesday it’s rolling out Unstoppable Messaging, a platform that will allow users to send encrypted messages to each other from their Polygon-based domains.

French Lawmakers Agree to Ban Crypto Influencer Promotions

French social media influencers wouldn’t be allowed to hawk unlicensed crypto products under plans voted on by lawmakers on a key committee Wednesday.

Binance Announces Arbitrum (ARB) Perpetual Contract Launch

Binance Futures on Wednesday said it will launch the Arbitrum (ARB) perpetual contract within 15 minutes after opening the ARB spot trading on Binance. Arbitrum is witnessing massive hype in the crypto community ahead of the highly-anticipated Arbitrum airdrop scheduled on March 23.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $27,351.97 USD, dropped by 2.56% in the last 24 hours;

ETH’s live price is $1,771.06 USD, dropped by 1.45% in the last 24 hours;

BNB’s live price is $337.98 USD, dropped by 0.88% in the last 24 hours;

XRP's live price is $0.42 USD, dropped by 13.069% in the last 24 hours.

Fundraising News

European Crypto Startups Raised Record $5.7B in VC Funding in 2022

The crypto bear market – worsened by a number of headline-grabbing scandals – slowed the flow of venture capital investments in the space to a trickle over the past year. However, a new report from blockchain-focused venture capital firm RockawayX and startup data provider Dealroom shows that one region still managed to achieve record-setting investment levels in 2022.

Metacade Presale Hits Final Stage Before Listings, Raising Over $500k

Metacade, fast becoming the most exciting GameFi project in 2023, has reached the final stage of its token presale after raising more than $500k in 24 hours, reaching a total raise of $12.4m.

Multi-Chain Wallet BitKeep Raises $30M at $300M Valuation

On Mar. 22, cryptocurrency derivatives exchange Bitget announced a $30 million investment into multi-chain wallet BitKeep at a $300 million valuation.

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