Trump-backed World Liberty Financial’s MicroStrategy-like token reserve is ‘mostly a clever grift,’ Two Prime CEO says

According to The Block, US District Court Judge Amy Berman Jackson has approved the suspension of Binance's legal dispute with the US Securities and Exchange Commission (SEC). The case will be postponed for 60 days and both parties need to submit a joint status report by April 14th. Binance and the SEC submitted an application on Monday to defer the case, citing that the SEC's newly established cryptocurrency working group is developing a clearer regulatory framework. The working group is led by Commissioner Hester Peirce, appointed by SEC's new acting chairman Mark Uyeda, who recently proposed cryptocurrency regulatory priorities, including classifying some tokens as non securities.

While Ethereum continues to serve as critical infrastructure for DeFi and NFTs, recent market attention has gravitated toward other protocols and ecosystems.The following is an excerpt from The Block’s Data and Insights newsletter.

1. Trump's company invests heavily in cryptocurrency 2. The call for an audit of the Federal Reserve is growing around the world 3. Ethereum Foundation invests heavily in DeFi platform 4. The Federal Reserve's interest rate cut is hopeless in the short term, putting pressure on Bitcoin 5. SEC accepts Grayscale XRP ETF application 6. OpenSea confirms upcoming token airdrop 7. Grayscale applies for listing and trading of Dogecoin Trust 8. HashFlare co-founder admits Ponzi scheme The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/442592

According to BlockBeats, on February 14th, Eric Balchunas, a senior ETF analyst at Bloomberg, responded on social media to a question about the "current approval progress of major Bitcoin ETFs," saying, "In baseball terms, most of them are still at first base, except for Litecoin which is moving towards third base

According to Onchain Lens monitoring, World Liberty Finance, supported by Trump, has completed multiple on chain transactions in the past 3 hours Spend 1.41 million USDC to purchase 2527257 MOVE Spend 5 million USDC to purchase 52 WBTC Convert 2221 ETH (5.93 million US dollars) to stETH and deposit it in Lido for staking Send 5 million USDC to Aave V3 for borrowing purposes