BTC falls below the $84000 mark

In a Tuesday filing, the company said it had reached a loan agreement with crypto exchange Coinbase allowing it to borrow money — using its bitcoin stockpile as collateral — to pay the settlement.

According to the official blog, cryptocurrency exchange OKX announced that its centralized cryptocurrency exchange and OKX wallet have officially launched in the United States, and it has set up a regional headquarters in San Jose, California. American customers can now use its platform, and OKX will gradually launch new features throughout the year. In this expansion, existing OKCoin customers will seamlessly migrate to the OKX platform, new customers will be accepted in stages, and a comprehensive nationwide promotion is planned for later this year in the United States.

According to Cryptoslate, the US Securities and Exchange Commission (SEC) has concluded its multi-year review of Coinbase's financial disclosures and has not requested any revisions or restatements from the company. A SEC letter shared by Paul Grewal, Chief Legal Officer of Coinbase, confirms this news. In a social media post released on April 15th, Grewal emphasized that this resolution was reached after more than two years of communication with the SEC's corporate finance department. This letter dated March 17th is addressed to Alesia Haas, Chief Financial Officer of Coinbase, confirming that the SEC has completed its review of the company's Form 10-K files for the fiscal years ended December 31, 2022 and 2023. The letter reminds Coinbase and its management to be responsible for the accuracy and adequacy of the information disclosed. The regulatory authorities also emphasize that the completion of the review does not equate to recognition or endorsement of the document. The end of this review marks the official conclusion of the lengthy commenting process that began shortly after Coinbase's listing in April 2021.

According to CoinDesk, one of the issuers of tokenized assets, Securitize, announced on Tuesday that it has acquired MG Stover's fund management business, making its subsidiary Securitize Fund Services the largest digital asset fund manager. Securitize stated in a press release that MG Stover's team will now operate under Securitize Fund Services (SFS), which will enhance the company's institutional level services. Through this acquisition, SFS currently manages $38 billion of assets of 715 funds, including Securitize's token fund products, such as BlackRock's $2.45 billion token treasury bond bond fund (BUIDL). Securitize now offers a comprehensive set of services including fund management, token issuance, brokerage services, transfer agents, and alternative trading systems (ATS).