BlackRock and Microsoft Launch $30bn Fund for AI Infrastructure Investment

The fund aims to address growing energy and infrastructure demands driven by AI development, with support from Nvidia and MGX.

Trump Warns US Crypto Startups Will 'Live in Hell' If He Loses Election

In a recent event, former U.S. President Donald Trump warned that American crypto startups under investigation by the SEC will face severe consequences if he is not re-elected. Trump criticized the current regulatory environment, promising a more crypto-friendly approach if he returns to office, while claiming that without his leadership, the industry will "live in hell."

SEC Intensifies Scrutiny of Binance's Token Listings and Trading Practices in Revised Complaint

The SEC has filed a proposed amended complaint against Binance, increasing its scrutiny of the exchange’s token listings and trading practices. The revised complaint addresses earlier concerns and strengthens allegations that Binance offered unregistered securities through its BNB token and other digital assets. This move follows a judge’s decision to allow most of the SEC’s charges to proceed while dismissing others.

Tether Appoints Former PayPal and Chainalysis Executive Jesse Spiro as Head of Government Affairs

Tether, the leading digital assets company, has named Jesse Spiro, a former executive at PayPal and Chainalysis, as its new Head of Government Affairs. With a strong background in blockchain regulatory relations, Spiro will lead Tether’s policy and engagement efforts with lawmakers and regulators, enhancing the company’s focus on responsible innovation in the evolving digital economy.

Grayscale Launches First U.S. XRP Trust, Setting the Stage for a Potential ETF: FOX Business

Grayscale is launching the first U.S. XRP trust, providing accredited investors with direct exposure to XRP. This move could pave the way for the trust to be converted into an exchange-traded fund (ETF) in the future, pending regulatory approval.

Caroline Ellison Pleads for Leniency from Judge, Seeks to Avoid Prison for FTX Fraud Involvement

Caroline Ellison, a former FTX executive, has requested leniency from a federal judge after pleading guilty to her role in the $8 billion theft from FTX customers. In her filing, Ellison’s lawyers highlighted her significant cooperation in the case against Sam Bankman-Fried, her former partner. Scheduled for sentencing on September 24, Ellison's plea followed FTX's collapse and revealed the misuse of customer funds. Bankman-Fried, convicted of one of the largest financial frauds in U.S. history, is appealing his 25-year sentence.

Caroline Ellison to Be Sentenced on September 24

Caroline Ellison, the former co-CEO of Alameda Research, is scheduled for sentencing on September 24 following her guilty plea in connection with the collapse of the FTX cryptocurrency exchange. Facing multiple fraud charges, Ellison's cooperation with prosecutors may result in a more lenient sentence. The sentencing follows intense media scrutiny and a request to keep certain personal details confidential for safety reasons.

Judge Rules Coinbase Must Defend Against Shareholder Lawsuit Over Regulatory Risk

A federal judge found that Coinbase shareholders presented credible claims regarding the exchange's portrayal of the likelihood of an SEC lawsuit. However, the judge dismissed most of the other allegations in the lawsuit.

Coinbase Achieves Partial Win in Effort to Obtain SEC Documents

Coinbase has secured a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC), as a federal judge granted part of its motion to compel the agency to produce documents related to its treatment of digital assets and securities laws. This development could impact ongoing regulatory actions against the cryptocurrency exchange.

Mastercard Partners to Enable Crypto Spending Through Non-Custodial Wallets

Mercuryo has teamed up with Mastercard to introduce "Spend" in Europe, enabling users to create virtual debit cards for spending 40 cryptocurrencies at over 100 million merchants. Issued by Quicko, these euro-denominated cards bridge crypto wallets with traditional payments and support quick setup with Apple Pay and Google Pay. Available in the European Economic Area, Spend features low fees and a €40,000 monthly limit, with plans for global expansion.