- Midas Crypto
- Posts
- 🌙 Coinbase Says SEC Has Agreed To Dismiss Case
🌙 Coinbase Says SEC Has Agreed To Dismiss Case
Coinbase says the Securities and Exchange Commission has agreed to dismiss its case against the cryptocurrency platform, pending commission approval.
Mike Gavela
February 27, 2025
Crypto Roundup - February 27
In recent cryptocurrency news, Coinbase faces an ongoing lawsuit from the SEC, accused of operating as an unregistered securities exchange. Amidst this, the cryptocurrency market saw significant financial movements; BlackRock's iShares Bitcoin Trust experienced a historic outflow of $418 million in a single day, setting a record amid a broader sector sell-off. Meanwhile, in regulatory news, settlement talks have commenced between the SEC and Justin Sun concerning the alleged fraudulent activities linked to the Tron cryptocurrency, marking a potentially pivotal moment for legal oversight in the crypto space.
Top Stories
Coinbase SEC lawsuit: The platform is under scrutiny for allegedly listing digital assets that should be registered as securities.
BlackRock iShares outflows: Recorded a massive $418 million single-day outflow, reflecting larger trends of investor caution.
SEC and Justin Sun negotiations: Indicative of increasing regulatory actions within the cryptocurrency markets, particularly concerning fraud allegations.
TOP STORIES
FUNDRAISING
🐉 Orochi Network has successfully raised $12M in funding.
This investment powers Orochi Network to build Verifiable Data Infrastructure
— Orochi Network (@OrochiNetwork)
1:47 PM • Feb 27, 2025
OTHER HEADLINES
CRYPTO TWITTER (X)
Bitcoin is crashing.
Wondering why?
The cash & carry trade that’s been suppressing BTC’s price is now unwinding.
Here’s how it worked—and why its collapse is sending shockwaves through the market. 🧵👇
— Kyle Chassé / DD🐸 (@kyle_chasse)
11:43 PM • Feb 27, 2025
#BTC Cycles
In 2013, #BTC made a new ATH, it then pulled back more than 70% before making yet another ATH later that that year
In 2017, #BTC made a new ATH, it then pulled back more than 30% before making yet another ATH later that year
In 2021, #BTC made a new ATH, it then… x.com/i/web/status/1…
— Mr. Anderson (@TrueCrypto28)
2:45 AM • Feb 28, 2025
BREAKING: #Bitcoin ETFs experienced their largest single-day outflows on record, with investors withdrawing a staggering $1 billion.
This marks the sixth consecutive day of outflows, the longest streak in nine months.
Study harder Boomer.
— Carl ₿ MENGER ⚡️🇸🇻 (@CarlBMenger)
10:07 PM • Feb 27, 2025
SHARE!
Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 90,000 investors and crypto degenerates who read Midas Crypto Daily!