The US stock market closed with mixed gains and losses, with the Nasdaq closing up 0.26%
2025-02-26 21:01
At the close of the US stock market, the Dow Jones Industrial Average fell 0.43%, the Nasdaq rose 0.26%, and the S&P 500 index rose 0.02%.
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00:13
SEC, Tron Foundation, and Sun Yuchen jointly submit a motion to request a federal judge to suspend the lawsuit
Odaily Planet Daily reported that the US SEC, Tron Foundation, and Sun Yuchen submitted a joint motion on Wednesday, requesting a federal judge to suspend the lawsuit against Sun Yuchen and his company Tron. This motion is similar to the SEC's suspension request in the Coinbase and Binance cases, and the three parties have stated that they are actively seeking potential solutions. The SEC sued Tron, Sun Yuchen, and BitTorrent in July 2023, accusing them of market manipulation, fraud, and issuing unregistered securities. The SEC claims that Sun Yuchen manipulated the trading volume of TRX tokens through wash trades, with Tron employees conducting over 600000 wash trades. The judge in the case had previously rejected the SEC's request for Tron to submit an additional response. （CoinDesk）
00:07
SEC, Justin Sun, Tron jointly apply to suspend fraud case or reach settlement
According to CoinDesk, the US Securities and Exchange Commission (SEC), Tron Foundation, and Justin Sun have filed a joint motion in federal court to suspend the SEC's fraud lawsuit against Sun and Tron to consider "potential solutions". This motion is similar to the SEC's application in the Coinbase and Binance cases, indicating that the two parties may reach a settlement. The SEC previously sued Tron, Sun, and BitTorrent in 2023, accusing them of market manipulation, fraud, and issuing unregistered securities, alleging that Tron employees conducted over 600000 "clean trades" to boost TRX trading volume. The case is being heard by Judge Edgardo Ramos. Tron had previously applied to dismiss the lawsuit, and the SEC's request for additional litigation has been dismissed. Sun currently serves as an advisor to World Liberty Financial, which is affiliated with former US President Trump and has purchased Tron's TRX as its token reserve.
00:02
MARA Holdings announces Q4 2024 financial report, with revenue increasing by 37% year-on-year
Bitcoin mining company MARA Holdings announced its Q4 2024 financial report, with revenue reaching $214.4 million for the quarter, a year-on-year increase of 37%, and full year revenue reaching $656.4 million, a year-on-year increase of 69%. Net profit increased by 248% year-on-year to 528.3 million US dollars, and the annual net profit increased by 107% to 541 million US dollars. The direct energy cost is $28801 per Bitcoin and $0.039 per kilowatt hour. The total hash rate increased by 115% year-on-year to 53.2 EH/s. Bitcoin holdings increased by 197% to 44893 BTC (approximately $4.6 billion), of which 10374 BTC was lent out or used as collateral for loans. In Q4, a total of 2492 BTC was mined and 15574 BTC was purchased through zero interest convertible senior notes. The company did not sell any Bitcoin in Q4.
00:01
Coinbase’s Q4 mirrors a changing crypto market as institutions dominate
The exchange’s volume metrics will likely continue to serve as a barometer for institutional crypto adoption going forward.The following is an excerpt from The Block’s Data and Insights newsletter.
00:00
AiCoin Daily (February 27th)
1. Bank of America CEO claims to launch stablecoin 2. The Federal Reserve may keep interest rates unchanged until 2026 3. US senators push for stablecoin regulation bill 4. Bybit and Safe Custody dispute over responsibility for hacker attacks 5. CFTC Commissioner Goldsmith Romero announces resignation 6. Bank of America considers issuing 'BofA coins' token 7. Circle CEO calls for stablecoin registration in the United States 8. Former Chairman of the House Financial Services Committee joins a16z The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/444748