The SEC has concluded its investigation into Crypto.com without taking any enforcement action.
On March 28th, the FOX Business reporter Eleanor Terrett reported that, based on sources with knowledge of the matter, the U.S. Securities and Exchange Commission (SEC) has officially completed its investigation into Crypto.com and will not impose any enforcement actions on the exchange.
After the company received a Wells notice from the SEC in October of last year, it responded by proactively suing the agency for alleged excessive power. Following Trump's announcement of his intention to appoint the crypto-friendly Paul Atkins to succeed Gensler as the next SEC chair, Crypto.com withdrew the lawsuit in December.
7 minutes ago
Arthur Hayes: April Will Be a Turning Point, Predicts Market Will See a New Round of Growth
On March 28th, as reported by Cointelegraph, Arthur Hayes, the co-founder of BitMEX, stated that April will serve as a turning point and predicted that the market will witness a new round of growth.
Hayes holds the view that Trump's tariffs will not have an impact on the Fed's policy. The money printer will continue to operate, and global liquidity will experience a new round of injection.
7 minutes ago
Sei Foundation Plans to Acquire 23andMe
On March 28th, according to Sei Foundation's official X account, Sei is contemplating the acquisition of the bankrupt gene testing company 23andMe. It plans to place the genetic data of its more than 15 million users on the blockchain, endowing users with the ownership and control over their own genetic data. Sei stated that genetic data security has turned into a national security matter. Currently, 23andMe is facing severe financial hardships and has filed for Chapter 11 bankruptcy protection this week. Several state attorneys general have advised users to think about deleting their personal data on the platform. If this acquisition proceeds, Sei will safeguard privacy through a blockchain encryption mechanism, enabling users to make autonomous decisions on whether and how to authorize the use and commercialization of their data. Sei referred to this as its "most aggressive decentralized science (DeSci) project."
7 minutes ago
The EU Aims to Counter US Service Exports, Targeting Big Tech Companies
On March 28th, as per the Financial Times, the EU is mulling over retaliating against the US's service exports, encompassing the businesses of large tech companies. This is in response to Trump's imposition of a 25% tariff on the automotive industry, and the EU has pledged to take further action next week. An EU diplomat stated, "Americans believe they hold the upper hand in (the trade war), but we also possess the capacity to do the same." He further added that the ultimate objective is to alleviate tensions through a comprehensive trade agreement. The retaliation might involve restrictions on the intellectual property of large tech companies. Another instance is prohibiting Musk's Starlink satellite network from securing government contracts. Italy is already reexamining whether to make a purchase of the system. (FXStreet)
7 minutes ago
OpenAI Founder: GPU Overload, Will Temporarily Apply Rate Limits to ChatGPT's Image Generation Feature
On March 28th, Sam Altman, the founder of OpenAI, stated that it is really enjoyable to see people having fun using the (generating) image feature in chat. Nevertheless, our GPUs are overburdened. Therefore, while we are working on enhancing efficiency, we will temporarily impose some rate limitations on ChatGPT's image generation feature.
7 minutes ago