US SEC Chairman: SEC Never Declared Bitcoin and Ethereum to be Securities
The SEC filed a lawsuit in federal court in Washington, D.C., on Tuesday, accusing Musk of alleged securities violations. The SEC said Musk violated federal securities laws by purchasing more than 9% of Twitter common stock in March 2022, but failed to disclose relevant information in a timely manner. After an 11-day delay, Musk publicly disclosed his beneficial ownership in a report submitted to the SEC on April 4, 2022. The delay allowed Musk to continue buying Twitter shares at artificially low prices, saving at least $150 million. On April 4, 2022, Twitter's stock price rose by more than 27% from the previous day's closing price. Musk's lawyer responded that Musk did nothing wrong and the lawsuit was "a farce."
OpenAI: ChatGPT now has a beta version of the "task" function
OpenAI appoints BlackRock executive Adebayo Ogunlesi to board of directors
Coinbase Adds Toshi (TOSHI) to its Listing Roadmap
WLFI deposits 11,918 ETH to Coinbase Prime
Spark Protocol to distribute $1.1 billion in funding to Ethena’s USDe and sUSDe tokens
According to The Block, Spark Protocol, the lending sub-DAO of the Sky ecosystem, plans to allocate $1.1 billion from its liquidity layer balance sheet to Ethena's USDe and sUSDe tokens to improve capital efficiency. The Spark liquidity layer manages $6.2 billion in stablecoin liquidity, supporting users to convert USDC and Sky's USDS or sUSDS tokens between multiple networks.
On-chain options protocol Derive has opened an airdrop query page
Genius Group announces $33 million rights issue to increase Bitcoin reserves
According to Globenewswire, artificial intelligence company Genius Group (NYSE American: GNS) announced that its board of directors has approved a plan to continue a $33 million rights issue of the company's common stock, with 100% of the net proceeds from the rights issue to be used to purchase Bitcoin for the company's Bitcoin treasury.
In addition, the company plans to seek one or more additional loan financings totaling up to $20 million. If the company successfully raises the maximum amount in the rights issue and additional loans, the company's Bitcoin reserves will increase from approximately $35 million in Bitcoin to $86 million in Bitcoin.
The Company will hold a live webcast and investor conference call on January 15, 2025 to discuss the Rights Offering.
Avalon Labs has opened registration for an airdrop of its governance token AVL
Stablecoin issuer Avalon Labs announced on the X platform that the airdrop registration for the governance token AVL is now officially online. Users only need to complete the chain selection and wallet entry to successfully register. On the day of the token TGE, users will be able to query the specific airdrop ratio. According to previous news, the total supply of AVL is capped at 1 billion, and the airdrop ratio is 20%.
According to Bloomberg, Paris-based crypto wallet technology company Dfns has completed a $16 million financing round led by Abu Dhabi sovereign wealth fund ADQ. Other investors include market makers Wintermute, Motive Partners, Bpifrance, and Motier Ventures, the family office of the owner of Galeries Lafayette Group.
According to Bloomberg, Bitcoin and Ethereum options trading platform Deribit has attracted interest from potential acquirers and is working with financial advisor Financial Technology Partners LLC to evaluate related opportunities. Sources revealed that Deribit may be valued at between $4 billion and $5 billion, although Kraken considered the acquisition but did not advance the transaction.
Deribit said in a statement that it was not officially listed for sale, but confirmed that it had received multiple strategic investment proposals. The platform's total trading volume almost doubled last year to $1.2 trillion, of which options notional trading volume increased by 99% to $743 billion.
Deribit’s current institutional clients are directly served by Deribit FZE, based in Dubai, while retail clients are supported by its Panama entity, whose parent company is based in the Netherlands. Deribit was founded in 2016 and is headquartered in the Netherlands.
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