SEC Charges Former Executives With Fraud in Connection With $1.9 Billion Collapse of Subprime Auto Lender Tricolor
The Securities and Exchange Commission today charged Daniel Chu, Jerome Kollar, and Ameryn Seibold, the former CEO, CFO, and Senior Director of Finance,…
U.S. SEC proposes first major crypto rule in surprise announcement
The Securities and Exchange Commission issued the "Regulation Crypto" proposal after having cancelled a meeting days before meant to vote on it. Source：CoinDesk
Wyoming joins $15 billion LayerZero exodus with state stablecoin move
This is the first time a U.S. government entity has publicly replaced its blockchain infrastructure specifically on security grounds. Source：CoinDesk
The national debt is about to hit $40 trillion. Here’s how it can hurt Americans.
A research group looked at the consequences for a student financing college, a family buying a home and a Social Security recipient. Source：MarketWatch
SEC Proposes New Regulation Crypto Assets
The Securities and Exchange Commission today announced that it proposed new rules, titled “Regulation Crypto Assets,” that would create a clear and…
Federal prosecutors blast ex-Celsius CEO’s motion to vacate as ‘without merit’
Despite already serving a 12year sentence in federal prison, Alex Mashinsky continues to explore legal avenues to vacate his conviction related to activities…
Neuberger teams with Securitize on multi-chain tokenized fixed-income fund launch
The $613 billion asset manager will subadvise a highyield fund tokenized across Ethereum, Solana, Avalanche and Sui. Source：Cointelegraph
Is SpaceX an AI play or a space stock? Two months after the IPO, investors still can’t decide.
Shares don’t trade like the “Big Tech” stocks, and their correlation to the space sector is “mixed,” according to a new analysis. Source：MarketWatch
Toyota Finance opens tokenized bonds to retail investors via mobile payment app
Retail investors can apply to buy the 1 billion yen bond without a securities account and receive perks through Toyota’s payment app. Source：Cointelegraph
Home Depot revenue rises even as customers turn away from bigger projects
The home improvement retailer beat Wall Street estimates in its second quarter as its customers continued to take up smaller projects. Source：MarketWatch
U.S. 30-year Treasury yield hits highest level since 2007 amid global bond sell-off
Concerns about inflation and more debt supply is hitting the fixed income sector. Source：MarketWatch
Alleged $165M crypto Ponzi mastermind faces US charges after Fiji deportation
Prosecutors allege Edward Zimbardi collected crypto from thousands of investors, lost over $34 million on currency trades and spent at least $10 million…