US SEC Rejects Ripple’s Proposal for Civil Penalty
The US SEC has expressed dissatisfaction with Ripple Labs’ most recent argument for a civil penalty, asserting that it is insufficient. Ripple requested a penalty of “no more than $10 million” from Judge Analisa Torres of the United States District Court for the Southern District of New York on June 13, citing the SEC’s settlement […]
MicroStrategy Reveals Pricing of Convertible Senior Notes Offering
MicroStrategy disclosed the pricing of its convertible senior notes offering to $700 million and revealed proceeds from the sale will be used to buy additional BTC. The notes will be sold in a private offering to qualified institutional purchasers under Rule 144A of the Securities Act of 1933, as stated in an official press release. […]
Asymmetry Finance, Ampleforth Launch afUSD Synthetic Dollar
In partnership with Ampleforth, Asymmetry Finance has launched the afUSD synthetic dollar, stabilizing prices through elastic supply. The market for digital assets associated with the United States dollar is experiencing robust performance in 2024. USDe, Ethena’s synthetic dollar, has a market capitalization of nearly $3.4 billion, attracting competitors seeking a proportion of the global stablecoin […]
Biconomy Launches AI Agents to Facilitate on-chain Transactions
Web3 infrastructure firm Biconomy integrates artificial intelligence (AI) agents to facilitate on-chain transactions on behalf of users. The Delegated Authorization Network (DAN) is a “relatively new” authorization layer that enables the delegation of trading activities to AI agents, as Biconomy co-founder Aniket Jindal explained to Cointelegraph. Agents can autonomously manage trading accounts and execute transactions […]
Lykke Crypto Exchange Confirms Platform Hack
Following a hack on June 4, the Lykke cryptocurrency exchange has suspended withdrawals, according to a social media announcement on June 10. The assault impacted Lykke UK and Lykke Corp AG, as indicated in the post. The exchange stated in a separate post in the same thread that withdrawals have been suspended “as a precautionary […]