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U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales are Securities Transactions

U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales are Securities Transactions

In an insider trading case involving Coinbase’s former product manager Ishan Wahi, his brother Nikhil Wahi and their friend Sameer Ramani, a U.S. court ruled on March 1, 2023, that the trading of certain crypto assets on a secondary market, which Coinbase is, are securities transactions.

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State-owned newspaper cautions Chinese crypto investors despite trading ban

Economic Daily wrote that investors should ‘stay cautious’ about bitcoin-related products despite the recent bitcoin price rally.

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EigenLayer’s total value locked surpasses $10 billion

The surge in EigenLayer’s total value locked (TVL) is attributed to continuous ether deposits and the rise in ether’s price.

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Bitcoin price climbs above $64,000 briefly, BTC futures open interest hits all-time high

Bitcoin rose above the $64,000 mark at one stage on Monday morning in Asia, swinging around 7% away from the cryptocurrency’s all-time high.

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Ethereum Layer 2 developer Taiko announces $15 million Series A round ahead of mainnet launch

Ethereum Layer 2 developer Taiko announced a $15 million Series A funding round as it prepares for its mainnet launch.

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Taiko, an ‘Ethereum-Equivalent ZK Rollup,’ Raises $15M

The Taiko project, distinguished for its “based sequencing” architecture, is one of several competing for relevance among a deep field of Ethereum layer-2 networks.

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SHIB, WIF Climb 60% as Shorts Lose $50M Betting Against Meme Coins

Pepe (PEPE), the frog-themed meme token on Ethereum, was up as much as 100% to set record highs.

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Floki Prices Surge 100% as Burn Proposal Passes

As reported last week, the burn removes 2% of the tokens from the circulating supply.

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Trump MAGA Meme Coins Are the First Experiment in ‘PoliFi’

One part community, one part prediction market, the meme coin with the former president’s namesake is a troll project that became serious, its marketing director told CoinDesk in an interview.

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Wall Street Journal Accused of Defamation Over 2023 Tether-Bitfinex Article

Christopher Harborne and his aviation fuel broker AML Global were wrongly accused of “committing fraud, laundering money, and financing terrorists,” according to the lawsuit.

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