Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept into scalable financial products.
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A month ago, Monad raised $225 million on the promise of a high-throughput Ethereum-compatible layer-1 blockchain. It’s now putting those funds to use on the hiring front.
Kevin Canlas announced he joined the protocol as a senior designer. Canlas has previous experience in similar roles at the NFT collection Isekai Meta and smart contract security firm Cyfrin.
At Monad, Canlas will be “leading internal designs and helping startups build on the Monad ecosystem,” he said on X.
Read more: Paradigm leads $225M round for high-throughput blockchain Monad
Also this week, SungMo Park joined Monad as its APAC lead and head of Korea. Park previously served as head of business for Asia…
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The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins.
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$1M – $10M MarketCap:
- Gameta (HIP): 84%
- Serenity Shield (SERSH): 46%
- Ready to Fight (RTF): 31%
- Amazy (AZY): 15%
- Walken (WLKN): 11%
$10M – $100M MarketCap:
- Angola (AGLA): 109%
- TARS Protocol (TAI): 40%
- catwifhat ($CWIF): 33%
- Augur (REP): 14%
- Circuits of Value (COVAL): 12%
$100M – $1B MarketCap:
- Hive (HIVE): 20%
- Metaplex (MPLX): 11%
- Moonriver (MOVR): 5.8%
- UMA (UMA): 5.1%
- Ark (ARK): 5.0%
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Learn how cryptocurrency insurance protects your digital assets from theft, hacks and other risks. Understand the coverage options and how this specialized insurance works.
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Billionaire investor Mark Cuban has urged the U.S. Congress to pass legislation that clarifies crypto regulation, advocating for the Commodities Futures Trading Commission (CFTC) to oversee the sector. In a recent post to his 8.8 million followers on X, Cuban expressed his view that regulatory clarity could bolster President Joe Biden’s chances for re-election. He warned that the current lack of clear guidelines, enforced strictly by SEC Chair Gary Gensler, is harming the crypto industry and could alienate crypto-focused voters. Notably, a litigation consulting firm reported 46 enforcement actions against crypto companies in 2023 alone. Cuban suggested that if Biden loses the upcoming election, Gensler’s stringent policies could be a contributing factor.
The sentiment around crypto regulation is increasingly resonant among voters, with recent polls showing a majority believe crypto aligns with their values more than traditional financial systems. As the November 5 election approaches, the debate intensifies, with CFTC Chair Rostin Behnam predicting more enforcement actions in the next 6 to 18 months. Meanwhile, voices within the crypto community, like Cardano’s Charles Hoskinson, have criticized the Biden administration for policies perceived as hostile to the industry, highlighting a pivotal moment for crypto in U.S. politics.
Bloomberg ETF analyst Erich Balchunas suggests the update may be a response to potential SEC feedback despite no official comments.
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JPMorgan Chase, the premier U.S. bank with a massive $2.6 trillion in assets, has significantly embraced cryptocurrency by investing in multiple Bitcoin exchange-traded funds (ETFs). According to a May 10 filing with the U.S. Securities and Exchange Commission, the bank now boasts holdings in several prominent Bitcoin exchange-traded funds (ETFs). These investments include approximately $760,000 in shares across the ProShares Bitcoin Strategy ETF (BITO), BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Trust (GBTC), and the Bitwise Bitcoin ETF.
Further emphasizing its commitment to the digital currency market, JPMorgan Chase reported owning 25,021 shares valued at roughly $47,000 in Bitcoin Depot, a leading crypto ATM provider. This strategic venture into Bitcoin-affiliated funds and services marks a noteworthy endorsement of cryptocurrency from one of the leading names in global banking, signaling a potentially increasing acceptance of digital currencies in mainstream financial institutions.
International consultancy firm Forensic Risk Alliance will reportedly closely oversee all compliance activities of cryptocurrency exchange Binance.
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The United States SEC argues that “having made the weather, Coinbase cannot claim that it is now raining.”
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