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Bitcoin, Ether most other top crypto bounce back even as Coinbase joins Binance as SEC lawsuit target

Nearly all top 10 tokens rebounded as investors look beyond U.S. regulator’s lawsuits against two of the world’s most influential crypto exchanges.
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Crypto industry reacts to SEC’s lawsuit against Binance
The SEC sued Binance on Monday, amid mounting regulatory scrutiny of crypto exchanges. Industry experts shared insights on what this could mean for Binance and how it could drive crypto innovation out of the U.S.

Apple’s VR/MR Brings the metaverse back into focus
Apple’s Vision Pro VR is the new door to the metaverse. This headset may not be the first, but like CryptoPunks, it’s set to redefine how we see and use NFTs
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U.S. court orders SEC to respond to Coinbase’s rulemaking petition
The U.S. Securities and Exchange Commission (SEC) has been ordered on Tuesday by the United States Court of Appeals for the Third Circuit to respond to cryptocurrency exchange Coinbase’s pending petition for rulemaking within seven days.

Bitcoin, Ether fall; most top 10 cryptos rise following SEC’s lawsuit against Coinbase
Most top 10 cryptos rebounded, despite the SEC suing Coinbase exchange a day after it sued Binance’s U.S. arm.

Swift, Chainlink to test blockchain token transfers with at least 12 major banks
The Society for Worldwide Interbank Financial Telecommunication (Swift) and blockchain data provider Chainlink will work with more than 12 major banks across the world to test the use of existing Swift infrastructure to transfer tokenized assets across public and private blockchain networks, Swift said on Tuesday. See related article: SWIFT, Chainlink announce cross-chain interoperability partnership […]

China state media covers SEC’s lawsuit against Binance, CEO Changpeng Zhao
CCTV, China’s largest national TV broadcaster, ran about a minute-long segment on Tuesday flagging SEC’s lawsuit against Binance and its founder Changpeng Zhao.

USDC stablecoin issuer Circle obtains Singapore license for digital payments, others
Circle Singapore said Wednesday it has received a Major Payment Institution license from the Monetary Authority of Singapore.

Why lack of diversification is cripping to the crypto market
Small cryptos often rise and fall with BTC and ETH — the market’s two biggest players. The concentration risk is profound, and here’s why you should care.

SEC sues Coinbase for violating securities rules a day after Binance lawsuit
The U.S. SEC sued Coinbase, the largest cryptocurrency exchange in the U.S., for allegedly breaching securities rules, less than 24 hours after the regulator sued Binance on similar charges.

MUFG enables bank-backed stablecoin issuance amid new Japanese regulations
MUFG, Japan’s leading bank, is pioneering the crypto industry by supporting stablecoin issuance on the Progmat Coin platform, offering an alternative route for entry and exit in the volatile cryptocurrency market.

SEC targets US$115 billion of crypto following lawsuit against Binance: Bloomberg
The U.S. SEC has extended the list of cryptocurrencies it considers unregistered securities to cover US$115 billion worth of tokens following its Monday lawsuit against crypto exchange Binance, Bloomberg reported on Tuesday.

Ledger is proving the perils of sacrificing security on the altar of user experience
Ledger’s attempt to simplify self-custody and key recovery triggered a community revolt. Was this inevitable or could Ledger have sidestepped this fiasco?

Bitcoin, Ether skid; BNB drops more than 10% after U.S. securities regulator sues Binance
All top 10 non-stablecoin cryptocurrencies took a sharp fall Tuesday morning in Asia, after the SEC sued Binance over alleged securities violations.

Binance, US platform, CEO face SEC lawsuit over alleged securities violations
The U.S. regulator alleges Binance and its leader of unregistered offers, sale of tokens, defrauding investors and manipulating trade volumes.

JPMorgan teams up with Indian banks for blockchain-based settlements: Bloomberg
JPMorgan has reportedly launched a pilot project with top private lenders in India for interbank dollar transaction settlements through its blockchain platform, Onyx.

Bitcoin dips below US$27,000, Litecoin biggest loser
Bitcoin drops below US$27,000 on Monday amid mixed crypto market. Litecoin, BNB see losses while XRP, Tron, Solana gain.

Bitcoin NFTs raise unique legal issues. Here’s what you need to know
Bitcoin Ordinals are also called NFTs, but intellectual property laws may not treat them the same as Ethereum- and Solana-minted NFTs, writes Cameron Pick.
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