SEC Commissioner Mark Uyeda: SEC's crypto policies and methods are a "disaster" for the entire crypto industry

CyberKongz, an NFT collectibles project, has announced that the Securities Exchange Commission (SEC) has closed its investigation into it. This is the latest SEC investigation into such projects since President Donald Trump took office earlier this year. On Tuesday, CyberKongz confirmed in a post on the X platform that the SEC's investigation has officially ended and revealed that a "rebranding" program will be launched. "For CyberKongz, the...

At 1 am today, Google (GOOG. O) DeepMind has finally integrated the long-awaited Veo2 into the GeminiApp app for full open use. Veo2 can generate up to 8 seconds of 720P movie-quality video, which is excellent in moving images, text semantic restoration, physical simulation, action consistency, etc. At the same time, it supports picture-to-video functions. According to test data released by Google, Veo2 has surpassed Sora, Keling 1.5, MetaMovieGen and Minimax in terms of user preferences and pro...

According to the Wall Street Journal, Meta Platforms (META. O) CEO Zuckerberg called the head of the US FTC (FTC) in late March and made a condition: Meta would pay $450 million to settle a long-running antitrust case that was about to go to trial. The bid was well below the $30 billion requested by the Federal Trade Commission. According to people familiar with the matter, during the conference call, Zuckerberg sounded confident...

Rushi Manche, co-founder of Movement Labs, has "temporarily left" due to the project controversy. Previously, Binance suspended its partnership due to "manipulation" by the market maker, which dumped about $38 million in MOVE tokens and placed only a small order. The Movement Network Foundation has launched a third-party investigation to review these "market maker anomalies". The foundation had said it was unaware of it and announced a repurchase of 38 million USDT to supplement ecological liqui...

Spot gold broke through $3,240/ounce, approaching a new high and rising 0.32% in the day.

Former US President Joe Biden says the new administration has done a lot of damage in less than 100 days. They have hit the Social Security Administration hard, laying off as many as 7,000 people, including many experienced professionals. Further cuts are expected in the future, causing frequent website crashes and severely affecting people's access to accounts.

NVIDIA U.S. stocks continued to decline after the session, now down more than 6%. The company expects inventory, purchasing commitments and related reserve charges related to H20 products to be $5.50 billion in the first quarter. Affected by Nvidia's after-hours plunge, the U.S. stock index fell in early Asia-Pacific trading on Wednesday, with S & P futures down 0.90%, Dow futures down 0.50%, and Nasdaq futures down 1.3%.

CyberKongz, an NFT project, posted on X on Tuesday that the SEC investigation had concluded and announced a "name change". "The shackles have been lifted for CyberKongz, and we have been preparing for this day for a long time," the company said. "The full brand boundaries and new direction for CyberKongz will be announced soon." In December, CyberKongz said it had received a Wells notice from the Securities Exchange Commission (SEC).

President Donald Trump's new tariffs could cost U.S. semiconductor equipment makers more than $1 billion a year, according to industry calculations discussed with officials and lawmakers in Washington last week, two people familiar with the matter said. The big three U.S. chipmakers - Applied Materials (AMAT. O), LRXC. O and KLAC. O - could lose about $350 million over a year from the tariffs. Smaller rivals like Onto Innovation could also face tens of millions of dollars in additional spending.

According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 81.4%, and the probability of a 25 basis point cut is 18.6%. The probability that the Fed will keep interest rates unchanged in June is 27.6%, the probability of a cumulative 25 basis point cut is 60.1%, and the probability of a cumulative 50 basis point cut is 12.3%.

The TD Cowen Washington research group, led by Jarrett Seeberg, wrote in a report that political risk in the crypto industry is on the rise because of the political backlash associated with U.S. President Donald Trump and his administration.

Digital asset crypto and custody expert Fireblocks said the race for stablecoin dominance is entering its third phase, with companies such as Tether, the largest token issuer, and Circle, the second largest token issuer, solidifying their positions as the industry faces increased regulation such as the European Union's Crypto Asset Market (MiCA) regime and U.S. legislation under consideration in Congress. Ran Goldi, senior vice president of payments at Fireblocks, said that the latest phase will...