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Crypto Morning Briefing: SEC To Sue Paxos,Hong Kong Hires Banks for Inaugural Tokenized

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SEC To Sue Crypto Trust Co. Paxos Over Binance Stablecoin

The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, which is behind the Pax Dollar (USDP) and Binance USD (BUSD) tokens, over the latter stablecoin, the Wall Street Journal reported Sunday.

Hong Kong Hires Banks for Inaugural Tokenized Green Notes

The government of Hong Kong has mandated banks to arrange a debut offering of tokenized green notes.

Digital Currency Group Plans Restructuring To Pay Creditors of Bankrupt Genesis Unit

Digital Currency Group (DCG), the parent firm of failed crypto broker Genesis Global Capital, plans to transfer equity in another unit, Genesis Global Trading, to Genesis Global Holdco and eventually sell both companies to raise capital to pay back creditors.

Cathie Wood's ARK Buys Another $9.2M Coinbase

Cathie Wood is back to buying up shares of Coinbase (COIN), after a nearly month-long break, as ARK disclosed it had purchased 162,325 shares of COIN on Friday.

Vitalik Buterin Donates $227K To Help Earthquake Victims in Turkey

Ethereum co-founder Vitalik Buterin has now made at least two substantial contributions to help the victims of last week’s devastating earthquake in Turkey and Syria.

Coinbase CEO Says he Will “Happily Defend” Crypto Staking Service Against Claim it’s a Securities Product

Brian Armstrong, the chief executive officer of the Coinbase cryptocurrency exchange, said on Twitter Monday that the company will “happily defend” its staking services in court against claims that they need to be classified as securities. Coinbase, which trades on the Nasdaq, is the biggest crypto exchange in the U.S. 

Crypto Price Action

As of press time, according to Cointime data:

BTC 's live price is $21,845.25 USD with a 24-hour trading volume of $19,326,661,771 USD. Bitcoin has climbed by 0.13% in the last 24 hours.

ETH’s live price is $1,521.31 USD with a 24-hour trading volume of $6,212,440,723 USD. Ethereum has dropped by 0.76% in the last 24 hours.

BNB’s live price is $314.19 USD with a 24-hour trading volume of $619,452,398 USD. BNB has climbed by 2.34% in the last 24 hours.

SOL's live price is $21.11 USD with a 24-hour trading volume of $680,405,818 USD. Solana has climbed by 0.91% in the last 24 hours.

Fundraising News

Pantera Capital on Bitcoin: We’re in Next Bull Market Cycle

Pantera Capital published its February Blockchain Letter last week. The letter, titled “The Seventh Bull Cycle,” is authored by founder and managing partner Dan Morehead and investment associates Ryan Barney and Sehaj Singh.

MoodMiner Secures $3 Million in Series a Funding Round, Paving the Way for Disrupting the Yield Earning Space

The funds will be used to further the growth and expansion of the company, allowing it to continue revolutionizing the yield-earning space.

LBank Labs Welcomes Valeria Kholostenko As Fund Principal

Venture capitalist fund and blockchain accelerator LBank Labs has announced the appointment of crypto pioneer and industry veteran Valeria Kholostenko as Principal.

Cointime Research

Exploring Rage Trade: DeFi Platform for ETH Perpetual Swap and USDC Farming

  RageTrade is using 80-20 Vault and Omnichain Liquidity Recycle mechanisms to improve liquidity while utilizing Delta Neutral Vault to minimize risks. 

Paxos DCG
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