Judge lets Celsius B Bitcoin lawsuit against Tether move forward

Judge lets Celsius $4B Bitcoin lawsuit against Tether move forward

A US judge has allowed Celsius’s lawsuit over Tether’s $4 billion Bitcoin liquidation to move forward, rejecting key parts of Tether’s dismissal bid. A US bankruptcy judge ruled that Celsius Network’s multibillion-dollar lawsuit against Tether can proceed, denying in part Tether’s attempt to dismiss claims that it “improperly” liquidated Celsius’s Bitcoin collateral during the crypto…

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SEC approves conversion of Grayscale's large-cap crypto fund into ETF

SEC approves conversion of Grayscale's large-cap crypto fund into ETF

Grayscale has slowly narrowed the arbitrage opportunities on its crypto trusts by converting them into exchange-traded funds. Asset manager Grayscale received approval from the US Securities and Exchange Commission (SEC) on Tuesday to convert its Digital Large-Cap Fund into an exchange-traded fund (ETF). The fund consists of the five biggest cryptocurrencies by market capitalization featured…

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Malaysian regulator proposes easing crypto asset listing process

Malaysian regulator proposes easing crypto asset listing process

Malaysia’s securities regulator is seeking public feedback on a proposal to allow certain cryptocurrencies to be listed on exchanges without prior approval. The Securities Commission Malaysia (SC) is seeking public feedback on a proposal that would allow cryptocurrency exchanges to list certain digital assets without first obtaining explicit approval from the regulator. According to a…

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Binance ties to Kenyan crypto board raise monopoly concerns: Report

Binance ties to Kenyan crypto board raise monopoly concerns: Report

Kenya’s crypto startups fear a Binance-linked lobby group could tilt new regulations in the exchange’s favor under the proposed VASP bill. Some crypto startups are raising concerns over Kenya’s proposed virtual asset service providers (VASP) Bill, warning it could hand outsized influence to a Binance-linked lobby group, potentially undermining fair competition in the country’s digital…

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