Business
The bankrupt crypto lender has asked the court for permission to convert the remaining trade-only assets in user accounts into stablecoins that can be withdrawn.
Three groups of creditors opposed a restructuring agreement that would see them recover between 65% to 90% of their claims.
DeFi
The U.S. District Judge who tossed the complaint is also overseeing the SEC’s case against crypto exchange Coinbase.
Ethereum
The blockchain re-enabled the upgrade to give users access to their accounts after facing a significant amount of backlash from the community.
Prosecutors argued that all seven proposed expert witnesses should not be permitted to testify before a jury.
A former SEC official believes that the court documents introduced “under seal” could contain information about a criminal investigation or prosecution from the DOJ.
The firm expects that the Base version of USDC will replace the USD Base Coin (USDbC) that users have been relying on as a substitute.
The court of appeals ruled that the SEC’s denial of Grayscale’s proposal was “arbitrary and capricious.”
The blockchain infrastructure company will work towards implementing the Perseus Upgrade on Pyth Network as it moves to a permissionless mainnet with token-led governance in 2023.
The company is finalizing a restructuring agreement that would either result in a sale of Genesis or turn over its equity to creditors.
