Investigation

The core technical team behind the Filecoin-based STFIL protocol said that they are under investigation by Chinese authorities. Over the past couple of days, there have been unforeseen updates to the protocol, along with funds transfers to different addresses. Mysterious Token Transfers and Upgrades The news came out in a public post by STFIL Protocol on X, revealing that they believe the STFIL core technical team is under investigation by local Chinese police. They mentioned that lawyers have been hired…

Analysts have reduced the odds of spot Ethereum ETF approvals to 25%. Industry veterans believe longer delays in approval might help TradFi adjust to crypto more. Recent developments including an investigation from the United States Securities and Exchange Commission (SEC) appear to have cast a shadow of doubt over the immediate prospects of a spot Ethereum Exchange-Traded Fund (ETF) launch. Bloomberg ETF expert Eric Balchunas recently reduced the probability of the ETF being approved by May 23, the final application…

Industry experts believe that the reported investigation into the Ethereum (ETH) Foundation could be a component of a larger plot to degrade Ether. This could affect the US Securities and Exchange Commission’s (SEC) decision to approve or postpone spot Ether exchange-traded funds (ETFs). While most industry experts agree that regulatory considerations will stall approvals in the near term, there is general agreement that US spot Ether ETFs are on the horizon.  On the other hand, elite investors are becoming interested…

The Ethereum Foundation, the non-profit entity at the heart of the Ethereum ecosystem, is under investigation by an unknown state authority.  Reports claim a Swiss regulator may have served the document request to the foundation in collaboration with the Securities and Exchange Commission. Ethereum Foundation Facing Inquiry  According to a comment on the Ethereum Foundation’s GitHub repository, the foundation received a voluntary inquiry from an unnamed state authority that included a confidentiality requirement. However, details regarding the scope of the…

The United States Securities and Exchange Commission (SEC) is reportedly looking into Binance.US. Binance.US is the American division of the world’s biggest crypto exchange. At writing, the SEC’s major objective during its rumored probe is to discern Binance.US’s relationship with two trading companies, Merit Peak Ltd and Sigma Chain AG.  The aforementioned companies provide liquidity for Binance in exchange for the spread on executed trade orders. Documents dating back to 2019 connect Binance CEO Changpeng Zhao to both trading firms.…