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Quick Take Terraform co-founder Do Kwon was found liable on civil fraud charges on Friday in a case brought against the Securities and Exchange Commission last year. The SEC charged Terraform Labs and Kwon in February 2023 over the algorithmic stablecoin Terra USD, which collapsed in a dramatic fashion a year earlier.
Profit-taking among spot bitcoin ETF investors could contribute to a downward BTC price trend in April, one analyst notes
BlackRock revealed Citi, Citadel, Goldman Sachs and UBS are authorized participants (AP) in its spot bitcoin ETF in a regulatory form filed on Friday. The asset manager’s bitcoin-based fund now has a total of nine APs.
JPMorgan predicts eventual SEC approval for spot Ethereum ETFs.The SEC is currently soliciting comments for a handful of spot ETH ETF applications.
Most of the crypto market is in the red on a weekly scale, with DOGE, SHIB, ADA, and AVAX plummeting by double digits.
