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NFT News
Bitcoinsensus
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OpenSea Launches OS2 Marketplace With Multichain Trading and Rewards
- OpenSea has launched OS2 marketplace, enabling cross-chain trading across 19 blockchains.
- The new 'Voyages' rewards system allows users to earn XP for minting, holding, and trading tokens.
- OpenSea is hinting at an upcoming SEA token drop as part of its strategic moves.
- OS2 represents a significant upgrade with real-time analytics and a focus on becoming a broader liquidity layer for everything tokenized.
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TheNewsCrypto
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Binance Hails SEC Case Dismissal as Major Victory
- The U.S. Securities and Exchange Commission (SEC) voluntarily dismissed its civil lawsuit against Binance, the world’s largest cryptocurrency exchange, in a major win for the crypto industry.
- The dismissal, filed 'with prejudice,' reflects a shift in regulatory enforcement strategy towards clearer rules over enforcement actions, under the Trump administration's new SEC leadership.
- Binance hailed the dismissal as a 'landmark moment,' crediting SEC Chairman Paul Atkins and emphasizing the importance of innovation thriving without regulatory overreach.
- The trend of dropping crypto-related cases, including the recent dismissal of a case against Coinbase, indicates a growing reluctance within the SEC to pursue uncertain or outdated interpretations of securities law.
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Cryptopotato
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SEC Drops Lawsuit Against Binance in Landmark Decision
- The U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against crypto exchange Binance, marking the end of a high-profile enforcement action in the crypto space.
- The SEC, Binance, and ex-CEO Changpeng Zhao filed a joint motion requesting the dismissal of the lawsuit with prejudice, indicating it cannot be reopened.
- This decision follows the SEC's evolving approach to crypto regulation under new leadership, including dropping enforcement actions against other major companies like Coinbase, Ripple, and Kraken.
- The SEC's change in stance is attributed to the pro-crypto stance of SEC Chairman Paul Atkins and a commitment to creating a regulatory framework for digital assets.
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Bitcoinsensus
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SEC Ends 2-Year Legal Battle With Binance & Changpeng Zhao
- The SEC has dropped its 2-year lawsuit against Binance and founder Changpeng Zhao after accusing the exchange of illegal activities and mishandling user funds.
- The dismissal is 'With Prejudice', preventing the SEC from refiling the lawsuit or seeking reimbursement for legal fees from Binance and CZ.
- Binance's prior $4.3 billion settlement with the DOJ resulted in CZ stepping down as CEO, pleading guilty to AML violations, and retaining a significant crypto fortune.
- This decision aligns with a trend of regulatory easing in 2025, as seen in closed investigations on major exchanges and a shift towards a more crypto-friendly leadership in regulatory bodies.
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Pymnts
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SEC Drops Lawsuit Against Crypto Company Binance and Founder Changpeng Zhao
- The SEC has dismissed its civil enforcement action against Binance entities and founder Changpeng Zhao.
- The agency filed a joint stipulation with the defendants to dismiss the civil enforcement action with prejudice.
- Binance welcomed the dismissal of the case as a 'huge win for crypto' and stated they did not violate U.S. securities laws.
- The SEC had filed 13 charges against Binance and Zhao in June 2023, alleging securities law violations.
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Cryptonews
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SEC Files to Dismiss Unregistered Securities Case Against CZ, Binance
- SEC has officially dismissed the lawsuit against Binance and founder CZ, ending accusations of securities violations and fund mismanagement.
- This marks a significant reversal under the Trump administration's approach towards enforcement-heavy actions in the crypto industry, including Uniswap and Coinbase cases.
- Binance settled criminal charges with the DOJ for US$4.3B, while CZ served four months in prison and stepped down as CEO.
- The dismissal of the lawsuit is seen as a victory for the crypto industry, with Binance celebrating the decision and expressing gratitude towards Trump and the new SEC chair for pushing back against regulatory enforcement.
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Bitcoinist
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Victory For Binance: US SEC Decides To Dismiss Lawsuit
- The US Securities and Exchange Commission (SEC) has voluntarily dismissed its lawsuit against Binance, the world’s largest cryptocurrency exchange on May 29.
- The dismissal follows a joint stipulation signed by legal representatives for the SEC, Binance, and the exchange’s founder, Changpeng Zhao (CZ), marking a significant moment in terms of regulation for both the exchange and the broader cryptocurrency industry in the US.
- The SEC had accused Binance of various violations, including artificially inflating trading volumes, diverting customer funds, failing to restrict US customers from accessing its platform, and misleading investors regarding its market surveillance capabilities.
- The decision to dismiss the lawsuit comes amid ongoing discussions about the regulatory landscape for digital assets in the United States, signaling a significant shift in the SEC’s approach to regulating cryptocurrency exchanges under its new chair Paul Atkins.
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Massivelyop
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Ember Sword, another crypto sandbox MMO project, bites the dust
- Ember Sword, a crypto sandbox MMO project, has shut down after going into early access in December.
- The game promised a play-to-earn model where players could earn cryptocurrency, but it failed to find a viable financial path forward.
- The official website has been stripped down to just an image explainer, and the Discord channel has been taken down.
- The project's closure highlights the challenges faced by NFT and crypto-based games in attracting and retaining players.
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Coinjournal
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Image Credit: Coinjournal
SOPH token drops 24.97% after $900M airdrop, despite strong TVL growth
- SOPH token fell by 24.97% after a $900 million airdrop event on Binance and other exchanges.
- On-chain TVL reached $20.28 million with DEX volume peaking at $47.44 million.
- A further 20% supply unlock for SOPH is scheduled to begin in three months.
- Despite the price drop, SOPH has shown rising user engagement and strong investor interest.
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15 Likes
TheNewsCrypto
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Binance Coin Bulls Awaken; Tron’s DeFi Dominance Threatened By the New AI Giant, Unilabs
- Binance Coin (BNB) price is experiencing an uptick as President Donald Trump delays tariffs on the EU, with the altcoin showing bullish momentum and potential for further growth.
- A new DeFi project, Unilabs (UNIL), an AI-powered platform, aims to challenge Tron in the DeFi space by providing unique investment opportunities and has raised over $1.2 million in funding during its ICO phase.
- BNB is projected to target resistances at $687 and $695 on its way to reaching $700, while Tron (TRX) shows positive momentum and potential to surpass $0.28.
- Unilabs offers innovative DeFi features such as Smart Auto-Rebalancer, attracting investors with earning opportunities like profit-sharing and referral bonuses, indicating its potential to become a significant player in the DeFi market.
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13 Likes
Cryptonews
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Real-World Asset NFTs Could Rescue Collapsing NFT Lending, DappRadar Says
- NFT lending volume has plummeted by 97% since January 2024.
- Pairing NFTs with real-world assets could help revive the declining sector, according to analyst Sara Gherghelas.
- The report emphasizes the need for smarter lending protocols, under-collateralised models, and AI-driven risk tools to reignite interest in NFT lending.
- The market is in a holding pattern, waiting for a market recovery or new use cases to spark interest in NFT lending.
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11 Likes
Blockonomi
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PENGU Price Analysis: Indicators Signal Potential Rebound Despite Market Decline
- PENGU chart TD Sequential buy signals suggest a possible price reversal near $0.011 support
- PENGU’s 24-hour volume hit $65.6M, signaling sustained trading interest
- $0.012 support zone viewed as key accumulation area by technical traders
- Broader macro trends may support rebound in NFT-backed tokens like PENGU
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Newsbtc
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Bitcoin Expert Samson Mow Reveals Why BTC Is Not Trading At $10 Million Per Coin Already
- Bitcoin expert Samson Mow believes Bitcoin should already be priced at $10 million per coin, citing its true value is underestimated and misunderstood.
- Mow emphasizes that Bitcoin's potential to disrupt the financial system is hindered by a lack of understanding among institutions, policymakers, and retailers.
- Other Bitcoin proponents like Michael J. Saylor and Matt Hougan also foresee significant price rises, with predictions ranging from $1 million to $10 million per Bitcoin.
- Increasing demand for Bitcoin is seen among institutions and the wealthy, with notable figures like Donald Trump and hedge fund manager Hugh Henry actively buying and allocating substantial funds towards the cryptocurrency.
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TechBullion
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Image Credit: TechBullion
Punkvism, XIIID, and Pagglo Partner to Globalize Brazilian Football Legends Through NFTs and Real-World Asset Tokenization
- Pagglo, XIIID, and Punkvism have partnered to merge the global digital ecosystem with the sports industry through Web3 and Real-World Asset (RWA) innovations.
- The collaboration aims to tokenize Brazilian football legends and clubs as RWAs, establish a strong NFT community, and redefine fan engagement using Web3 and AI technologies.
- Pagglo, known for its global digital ecosystem and ties with Brazilian football icons, will tokenize football assets, expand globally, and enhance fan engagement through themed locations.
- XIIID will provide AI technology support for user experiences and develop personalized services on Pagglo's football-themed platform, while Punkvism will create a Brazilian football-themed NFT community within its ecosystem, fostering active fan participation.
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11 Likes
Insider
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Image Credit: Insider
I went to a crypto conference, and it was nothing like I expected
- Solana's Accelerate conference in New York City was different from traditional crypto conferences, lacking the flashy eccentricity and over-hyped extravagance.
- The event had a more serious tone, with attendees focusing on work rather than gimmicks, parties, or performances.
- Stablecoins emerged as a major topic of discussion at the conference, with speakers emphasizing their role as digital currency linked to fiat currencies like the US dollar.
- Politics also played a significant role, with discussions around regulations, political figures expressing views on crypto, and the varied political affiliations within the industry.
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8 Likes
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