TREE NEWS update: Galaxy Research’s Alex Thorn reports that the SEC proposed ‘Regulation Crypto Assets’ on August 18, the first securities rules tailored for crypto asset issuance and sales, potentially allowing qualified token projects to legally offer to the public and establishing a mechanism to terminate investment contract status. The framework includes four stages: funding, disclosure, build-out, and exit, aiming to resolve regulatory uncertainty for existing tokens. If passed, it could usher in a ‘legal ICO 2.0’ in the US.
TREE NEWS reports: Illuvium team has reduced salaries again to extend runway, with treasury funds supporting over 12 months of operations. The move reflects ongoing cost-cutting measures amid market conditions.
TREE NEWS update: Bitcoin rallied as Treasury bond buybacks fueled the ‘not-QE’ trade, while Metaplanet expanded to the US and Cypherpunk made a $33 million Zcash mining bet.
TREE NEWS update: Sources indicate that the upcoming US-Canada trade agreement will introduce steel quotas and a lower tariff of 25%. This development follows ongoing negotiations between the two countries.
TREE NEWS update: XRP has closed above both its key moving averages for the first time since a bearish crossover formed in August, erasing its most bearish technical signal. This bullish development has caused the Ripple-linked coin to surge, indicating a potential trend reversal.
TREE NEWS reports: Solana Company has publicly supported the Solana constitution proposal while opposing any current adjustments to inflation and fee mechanisms. The firm argues that altering these parameters at this stage could undermine network stability and long-term growth.
TREE NEWS update: Bitcoin’s price has surged past $79,000, approaching $80,000, fueled by positive regulatory news and a US buyback pledge. The rally reflects growing optimism in the crypto market.
TREE NEWS update: Fundstrat’s Tom Lee suggests that Bitcoin’s entire gains come from its best 10 trading days, and this week is one of them. He implies that staying invested is crucial to capture these rare but significant moves.
TREE NEWS reports: Circle has announced September 16 as the launch date for its Arc public mainnet, with 11 founding validators named and approximately 20 validators expected at launch. This marks a significant step in Circle’s blockchain infrastructure development.
TREE NEWS reports: Kraken is reportedly the first centralized exchange to test Hyperliquid’s compliance-focused HIP-3 feature, with 10 wallets already whitelisted. This marks a significant step in integrating compliant trading tools into CEX operations, potentially bridging TradFi and DeFi.
TREE NEWS update: Tesla’s stock price expanded by 5% during intraday trading. The move comes amid broader market optimism and investor interest in tech stocks.
TREE NEWS update: Illuvium co-founder Kieran Warwick announced that the team has taken wage cuts to extend the Ethereum game studio’s runway beyond 12 months. The remaining team will focus almost entirely on the Overworld MMO.
TREE NEWS reports: CFTC Chairman stated the agency will defend its exclusive regulatory authority over prediction markets and establish rules for them. This move aims to clarify the legal framework for such markets, which have grown in popularity.
TREE NEWS reports: Bitcoin surged 7.9% in a day to around $77,000, triggering a short squeeze that liquidated $1.21 billion in bearish bets. The rally came amid a wave of favorable news from Washington, boosting market sentiment.
TREE NEWS reports: Dubai-licensed RWA Layer 1 MANTRA has halted its chain since Thursday evening due to an incident affecting two wallets it controls. The protocol claims no user funds were taken, though it hasn’t confirmed whether any assets left those wallets.
TREE NEWS update: Tom Lee, co-founder of Fundstrat, stated that BitMine stocks have an 80% correlation with Ethereum, and he expects ETH to outperform BTC in this cycle. He also noted that the approval of a spot Ethereum ETF could be a significant catalyst for ETH’s price.
TREE NEWS reports: The SEC has proposed a new regulatory framework, Reg Crypto, to provide a legal pathway for certain token public offerings and exits from investment contracts. This initiative aims to clarify the regulatory landscape for digital assets, potentially boosting institutional participation. The proposal marks a significant step toward integrating crypto with traditional securities law.
TREE NEWS update: Bitmine has emerged as the US-listed company with the highest price sensitivity to Ethereum, exceeding Coinbase’s correlation. This shift highlights the growing influence of crypto-mining and treasury strategies on traditional equity markets.
TREE NEWS update: Citadel founder Ken Griffin published an investor letter discussing ‘Situational Awareness,’ likely addressing geopolitical and market risks. The letter offers insights into his macroeconomic outlook and its implications for investors.
TREE NEWS reports: The August 19 price surge was the only short squeeze among the top 10 liquidation events in crypto history, liquidating $2.739 billion in short positions. This marked a significant market event, highlighting the volatility and leverage in the crypto market.