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The U.S. Securities and Exchange Commission (SEC) charged Cumberland DRW with operating as an unregistered dealer. The SEC alleges that Cumberland sold more than $2 billion in crypto assets since 2018 without complying with federal registration requirements. The SEC's complaint focuses on Mr. Cumberland's activities as a self-employed trader and his trades on third-party crypto exchanges. The agency is seeking permanent injunctive relief, disgorgement of benefits, prejudgment benefits, and civil penalties against the company. According to the SEC, five tokens traded by Cumberland, Polygon (MATIC), Solana (SOL), Cosmos (ATOM), Algorand (ALGO), and Filecoin (FIL), are considered securities. The complaint states…

According to local media reports, South Korea's Financial Services Commission (FSC) announced on October 10 the establishment of a virtual asset committee to deal with the approval of spot crypto exchange-traded funds (ETFs) in the country.This committee will serve as an advisory body aimed at providing comprehensive oversight and guidance to the cryptocurrency industry. It will be led by FSC Vice-Chair Soyoung Kim and include representatives from relevant government departments and nine private sector members.Additionally, the Virtual Assets Committee will address key issues in South Korea's digital asset sector, such as the authorization of corporate accounts.Bitcoin (BTC) and other crypto…

Demand for digital asset exchange-traded funds (ETFs) continues unabated, with nearly half of all investors surveyed in a new report claiming they plan to invest in US crypto products. . It's not just curious baby boomers who are making purchases through their brokerage accounts, Millennials are also eager to get their hands on new products, according to a Thursday report from Charles Schwab.A total of 45% of respondents said they plan to invest in digital assets through ETFs in the coming year. Last year, that number was 38%. “ETF investors have become more bullish on some sectors and styles over…

Bitcoin price could soon rise again to become “full bullish” and allow the cryptocurrency to cross the $80,000 level, but before that a capitulation could occur and BTC could fall below the $50,000 level There is sex. According to popular crypto analyst Cole Garner, on-chain liquidity is currently tight with “a common prerequisite to a full bull.” In a series of posts on microblogging platform He pointed out that there is a possibility that the company could continue to profit from this. Gierner believes that global central bank liquidity is expanding and that “further downsides may lie ahead,” but central…

Digital asset infrastructure company Ripple has introduced new capabilities to its custody solution. “Custody is a critical entry point into the digital asset economy, and it’s only going to grow,” Ripple said in a press release on Thursday (October 10). The company points out that the amount of crypto assets in custody is predicted to reach at least $16 trillion by 2030, by which time as much as 10% of global GDP is expected to be tokenized. are. “Therefore, businesses need secure, compliant, and flexible options to store their cryptocurrencies,” the release added. According to Ripple, the update includes the…

New data shows that nearly half of traditional hedge funds are reported to have exposure to crypto assets as regulations begin to become clearer. A recent survey revealed that 47% of traditional market hedge funds have exposure to crypto assets, up from 29% in 2023 and 37% in 2022, according to a new report from Bloomberg. . The study, published by the Alternative Investment Management Association (AIMA) and global accounting giant PricewaterhouseCoopers (PwC), found that 67% of those already exposed to cryptocurrencies plan to maintain the same level of exposure. It was also found that while the rest of the…

According to leading stock market experts, ETFSwap (ETFS) will deliver the most explosive gains on the market. A 6,200% spike is predicted in the coming weeks. ETFS Wap (ETFS) Ready to leave Solana (SOL) and Ethereum (ETH) in the dust. ETFSwap (ETFS) is being looked at as the next big move this month as investors look to profit from this rare opportunity. ETFSwap (ETFS): Expected to surge 6,200%, outpacing Solana (SOL) and Ethereum (ETH) Stock market experts predict ETFSwap (ETFS) to rise a massive 6,200% over the next three weeks, ahead of Solana (SOL) and Ethereum (ETH). This ETFSwap (ETFS)…

XRP prices have been trending sideways for the past week, and this consolidation is a cause for concern for investors as it is part of a bearish continuation pattern. Despite the decline, XRP is still up 3.8% over the past seven days, slightly recovering from the sharp decline the asset experienced in early October. Since November 2022, the cryptocurrency market has experienced several significant liquidation events. In March 2023, a $500 million liquidation led to a sharp drop in prices, and in July 2023, a further $700 million liquidation caused further uncertainty in the market. Given that these liquidation events…

South Korea’s FSC plans to re-evaluate its ban on local spot crypto ETFs and institutional accounts, signaling a change in regulatory stance. The approval of a Spot Bitcoin ETF in the US puts pressure on the FSC to consider local listings, reflecting potential policy changes. Upbit dominates the market, processing 61% of trading volume, raising concerns about the impact on its partner K Bank and its IPO plans. South Korea’s Financial Services Commission (FSC) has announced major changes in its approach to cryptocurrency regulation. The FSC said it would reevaluate its ban on local spot crypto exchange-traded funds (ETFs) and…

Former US President Donald Trump’s latest crypto project, World Liberty Financial (WLFI), aims to launch on the Aave Ethereum mainnet. In fact, the decentralized finance project debuted on September 18th, but now faces a new proposal to launch with Aave V3 if approved.The initiative marks Trump's latest foray into the world of Web3 and cryptocurrencies. President Trump, who is seeking re-election in 2024, has made cryptocurrencies one of his main focuses. WLFI is then set to become the most involved digital asset project to date, following last year's announcement of NFT trading cards.Source: Saul Loeb/AFP via Getty ImagesAlso read: If…