1. SEC Backs Supreme Court in NVIDIA Cryptomining Revenue Lawsuit
The U.S. SEC and Department of Justice have urged the Supreme Court to approve a class-action lawsuit accusing NVIDIA of misleading investors about cryptomining-related sales revenue.
Key Details:
- Ongoing legal battle since 2018
- Claims NVIDIA failed to disclose GPU demand linked to crypto mining
- SEC argues lawsuit provides "sufficient detail" to proceed
👉 Explore crypto regulations
2. Standard Chartered to Launch Universal Stablecoin via HKMA Sandbox
Hong Kong’s financial sandbox will host Standard Chartered’s "universal stablecoin," designed to bridge multiple blockchain use cases.
Highlights:
- One stablecoin for cross-scenario compatibility
- Focused on expanding Web3 adoption
3. Hong Kong SFC Plans Phased VASP Licensing by Year-End
SFC CEO Julia Leung announced:
- 11 virtual asset platforms undergoing audits
- Licenses to be issued conditionally
- OTC crypto services and custody frameworks under development
Timeline: Full regulatory framework expected by 2025
4. Market Data: Crypto Cap Drops to $2.25T
| Metric | Value | Change (24h) |
|---|---|---|
| Total Market Cap | $2.25T | -1.4% |
| BTC Dominance | 54.4% | |
| ETH Market Cap | $290B |
5. September Funding: $823M Raised Across 33 DeFi Projects
Top Raises:
- Celestia Ecosystem ($100M)
- Infinex ($65M via token sale)
Trend: Seed rounds dominated (41/200 companies)
6. UAE Exempts Crypto Transfers from VAT
New amendments exclude:
- Virtual asset conversions
- Related financial services
7. U.S. Representative Khanna Endorses Bitcoin Reserve Bill
Bipartisan Support:
- Proposed 1M BTC strategic reserve
- Focus on maintaining U.S. financial leadership
👉 Bitcoin investment strategies
8. Analyst Insights: Market Correction "Healthy Reset"
Perspectives:
- Glassnode notes "mild" long positioning in BTC futures
- Crypto Capital Venture sees pullback as foundation for future rally
9. Coinbase to Delist Unauthorized EU Stablecoins
MiCA Compliance:
- Tether (USDT) among affected assets
- Deadline: December 31, 2024
10. DOJ Seizes $2.7M Linked to North Korean Hackers
Source: Lazarus Group funds traced through Tornado Cash
Recovered:
- $1.7M from Deribit hack (2022)
- $970K from Stake.com breach (2023)
FAQ Section
Q: How does MiCA affect stablecoin issuers?
A: Requires electronic money authorization from EU member states.
Q: What’s driving BTC’s market correction?
A: Long-term holders reducing positions (-$70B since peak).
Q: Why is Hong Kong accelerating crypto licensing?
A: To establish clear Web3 ecosystem rules before 2025.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.