Crypto News

Yuga Labs, the blockchain innovator behind the popular Bored Ape Yacht Club (BAYC) non-fungible token (NFT) series, declared today that the U.S. Securities and Exchange Commission has concluded its inquiry without pursuing enforcement action. Yuga Labs: ‘NFTs Are Not Securities’ Regulators terminated their scrutiny of the company this week, ending a probe launched in OctoberSource link

Samson Mow warns that if Trump’s crypto reserve includes random altcoins, it could accelerate market chaos, turning it into speculation rather than a real financial strategy. Samson Mow Analyzes Trump’s Crypto Reserve: Can the President Pick Any Coin? Samson Mow, a prominent bitcoin advocate and CEO of JAN3, voiced skepticism on March 3 on socialSource link

Ether (ETH) is testing levels not seen since November 2023, as the market continues to be hit by volatility resulting from U.S. President Donald Trump's trade war threat. ETH is down 15% in the last 24 hours, according to CoinDesk Indices data, dragging down the CoinDesk 20, a measure of the largest digital assets, which is down 16%. Ether's decline over the past three months has been driven by bearish investor sentiment, reflected in its underperformance relative to BTC and weak institutional demand, alongside macro headwinds like trade war fears, inflation concerns, and stock market weakness, which have dampened risk appetite.CoinGlass data shows that nearly $165 million in ETH long positions have been liquidated in the last 12 hours. ...

White House Crypto Czar David Sacks sold all his cryptocurrency holdings, including bitcoin and ether, before joining the Trump administration, refuting claims of indirect investments in Bitwise Asset Management. David Sacks Sells Crypto Holdings Before White House Role White House AI and Crypto Czar David Sacks confirmed that he sold all of his cryptocurrency holdingsSource link

TSMC is doubling its Arizona investments amid geopolitical tensions and the U.S.’s push for semiconductor independence.Source link