According to data from the U.S. Commodity Futures Trading Commission (CFTC), as of March 18, speculative traders turned to shorting the U.S. dollar for the first time since Trump's election victory.
The Securities Exchange Commission (SEC) recently hosted its first Crypto Working Group Roundtable at its Washington headquarters to discuss what has long been a central question - what makes an asset a security. The meeting marks a significant change in the SEC's approach to regulating the cryptocurrency industry, with what some crypto advocates have dubbed "regulation by law enforcement" likely to be coming to an end.
A16z crypto general counsel Miles Jennings said...
Cryptocurrency venture capital giant Haun Ventures has raised $1 billion for two new funds that will be split into two tranches, $500 million for early-stage project investments and $500 million for later-stage project investments.
Artificial intelligence company Perplexity AI announced its intention to take over TikTok U.S. business before the U.S. government ban takes effect, saying "Perplexity is uniquely positioned to rebuild TikTok algorithm without creating a monopoly." Currently, multiple buyers including Oracle, Microsoft, Walmart, and former Los Angeles Dodgers owner Frank McCourt and Roblox CEO Jesse Tinsley have also been rumored to be interested in buying TikTok.
The three major indices of US stocks rose slightly, the Dow rose 0.07%, the Nasdaq rose 0.52%, the S & P 500 index rose 0.08%, most popular technology stocks rose, Tesla rose more than 5%, Apple and Meta rose more than 1%.
Tether, the world's largest stablecoin issuer, is in talks with a Big Four accounting firm to press ahead with its long-promised reserve audit. Tether, which has issued more than $140 billion worth of dollar-pegged cryptocurrencies, claims each token is backed by dollar-denominated assets and only publishes quarterly reports and has yet to complete a full audit. Paolo Ardoino, Tether's chief executive, did not disclose the firm or audit timeline under discussion, saying: "This [audit] is our hig...
On March 22, market sources said that the detained Istanbul mayor, Imamoglu, denied corruption charges. Turkey's finance minister told bankers that the short-term fluctuations in the market are being closely monitored, necessary measures are being taken, and economic plans continue to be firmly implemented.