Author: Jose Oramas

Bitget is coming for eight traders after a US$20M (AU$31M) exploit rocked its VOXEL perpetual futures market. On April 27, Bitget’s head of Chinese operations, Xie Jiayin, said the exchange is sending legal letters to eight account holders accused of orchestrating the April 20 incident. These traders allegedly exploited Bitget’s systems to pocket the US$20M

The newly appointed SEC Chair, Paul Atkins, stated that he would welcome congressional action to clarify the regulatory framework for digital assets. Speaking at a public roundtable at the SEC’s headquarters in Washington, Atkins stated:  Related: Trump Coin Rockets 77% as Top Holders Hope to Score a Dinner Date with the US President Market Innovation

Following the freezing of Russia-linked wallets holding USDT, the country’s Finance Ministry is now calling for homegrown stablecoin solutions pegged to alternative currencies, while officials warn that relying on tokens like USDT could harm Russia’s financial sovereignty.  According to a state media report, Osman Kabaloev, deputy head of the ministry’s financial policy department…

Teucrium Investment Advisors, an alternative asset manager, is launching a new leveraged exchange-traded fund linked to Ripple’s XRP. The Teucrium 2x Long Daily XRP ETF, which uses swap agreements to deliver twice the daily return of the XRP token, is scheduled to begin trading on Tuesday under the ticker XXRP. …

The Senate Banking Committee has advanced Paul Atkins’ nomination for the Securities and Exchange Commission (SEC) chair, approving his candidacy by a narrow 13–11 margin.  The committee’s approval, which also included backing for three additional nominations, now sets the stage for a Senate floor vote that is also expected to be closely contested…