🌙 Crypto.com sues SEC

The case seeks to prevent the SEC from "unlawfully expanding its jurisdiction" to cover secondary-market sales of certain network tokens sold on the exchange.

Author

Mike Gavela
October 08, 2024

Crypto Roundup - October 8

In a significant move, Crypto.com has filed a lawsuit against SEC Chair Gary Gensler following the receipt of a Wells Notice, signaling increasing tensions between the cryptocurrency exchange and the regulatory body. Meanwhile, Scroll, a prominent Layer 2 solution for Ethereum, announced plans to airdrop 15% of its SCR token supply to its community, fueling anticipation among DeFi users. Additionally, Bitcoin protocol Babylon has seen substantial success, accumulating $1.5 billion in staking deposits after lifting its cap, demonstrating growing interest in its security solutions for Bitcoin

Top Stories

  • Crypto.com sues SEC Chair Gary Gensler after receiving a Wells Notice, escalating tensions between the exchange and the regulator.

  • Scroll to airdrop 15% of its SCR token to the community, capturing attention within the DeFi ecosystem.

  • Bitcoin protocol Babylon pulls in $1.5 billion in staking deposits after removing the cap, showing strong adoption of its security model.

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TOP STORIES

Crypto.com Sues SEC, Chair Gary Gensler After Receiving Wells Notice

The case seeks to prevent the SEC from "unlawfully expanding its jurisdiction" to cover secondary-market sales of certain network tokens sold on the exchange.

www.coindesk.com/policy/2024/10/08/cryptocom-sues-sec-chair-gary-gensler-after-receiving-wells-notice

Ethereum Layer 2 Scroll to Airdrop 15% of SCR Token to its Community - "The Defiant"

Scroll, the sixth-largest Ethereum Layer 2 by value locked, today announced details of its token distribution.

thedefiant.io/news/defi/scroll-to-airdrop-15-of-scr-token-to-its-community

Bitcoin Protocol Babylon Pulls in $1.5B of Staking Deposits as Cap Lifted

The round, known as "Cap-2," allowed users to add staking deposits to the platform for over the course of about 10 Bitcoin blocks on Tuesday.

www.coindesk.com/markets/2024/10/08/bitcoin-protocol-babylon-pulls-in-15b-of-staking-deposits-as-cap-lifted

FUNDRAISING

Humanode Launches Ecosystem Funding Program

[Oct 4th, 2024] Why has the Humanode team been so quiet?  What are they working on besides updates?  Well, the time has come to let the cat out of the bag and announce the Ecosystem Funding Program to support and nurture the next generation of Sybil-resistant projects on its chain

blog.humanode.io/humanode-launches-ecosystem-funding-program

OTHER HEADLINES

Lose money on FTX? Here’s when and how much victims can recover in $17bn repayment plan

FTX users are counting the days until they can recoup some the billion in losses from the collapse of Sam Bankman-Fried’s crypto exchange.

www.dlnews.com/articles/markets/ftx-repayment-when-and-how-much-victims-can-recover

SOL, ADA listed in Crypto.com Wells notice

Singapore-based Crypto.com has been served a Wells notice, and, in response, filed a suit against the securities regulator. 

blockworks.co/news/forward-guidance-newsletter-wells-notice

‘Hamster Kombat’ Offers Bonus for Telegram Players Who Stake Airdrop Tokens - Decrypt

The next season of Hamster Kombat is coming soon, and players who keep their HMSTR tokens in the game will receive some benefit.

decrypt.co/285177/hamster-kombat-bonus-stake-airdrop-tokens

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