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On the morning of July 13, Alex Mashinsky, the former CEO of the now-bankrupt crypto lender Celsius, was reportedly arrested. The news broke minutes after the United States Securities and Exchange Commission filed a lawsuit against the crypto lender on the same day.
The company’s token dropped 6% upon hearing the news.
The former CEO was arrested following an investigation into the company’s collapse. Celsius Network initiated the process of filing for bankruptcy on July 14 of the previous year. Investigators at the Commodity Futures Trading Commission found Mashinsky guilty of breaking numerous U.S. regulations prior to the company’s implosion in 2022.
The investigation into the troubled crypto lender began after the New York Attorney General sued Mashinsky on January 5. The lawsuit alleged that the former CEO misled investors and caused billions of dollars in losses. 
SEC Approval of Bitcoin ETF Won't Shift the Game, Say JPMorgan
In a recent report, JPMorgan expressed a measured outlook on the influence a spot bitcoin exchange-traded fund (ETF) would have on cryptocurrency markets, even if the U.S. Securities and Exchange Commission (SEC) gives it the green light. The financial institution pointed out that while the approval of such an ETF is eagerly awaited, it may not be the market-altering event some anticipate. Yi He: The Untold Success Story of Binance
Yi He, a co-founder and a leading expert in business, marketing, and branding at Binance, is among the most influential women in the worldwide cryptocurrency market. However, her significant contribution to the growth of this cryptocurrency exchange isn't often acknowledged, as Changpeng Zhao (CZ) is traditionally viewed as the company's public face. 
On Friday, Fidelity Investments and several other firms submitted revised applications for spot Bitcoin exchange-traded funds (ETFs) after the US Securities and Exchange Commission (SEC) deemed the initial filings inadequate.
The companies, including Invesco, VanEck, 21Shares, and WisdomTree, are part of a group of eight firms aiming to launch the first wave of US spot Bitcoin ETFs.
BlackRock kickstarted the trend with its unexpected filing in mid-June.
In the latest filings, all five firms indicated that Coinbase Global Inc. will provide market surveillance for their ETFs, a detail that was missing from their previous applications. 
US Files First Criminal Charges Against Smart Contract Hacker
The United States Department of Justice (DoJ) has filed the first criminal charges against Shakeeb Ahmed for an attack on an undisclosed smart contract-controlled decentralized exchange (DEX) platform, potentially Solana-based protocol Crema Finance. Grayscale Criticize SEC for Approving First Leveraged ETF Launch
Grayscale, a crypto asset manager, has expressed criticism towards regulators for approving a leveraged bitcoin-based exchange-traded fund (ETF) while the company’s own spot bitcoin ETF application remains rejected by the U.S. Securities and Exchange Commission (SEC). 
360+ Companies Eager to Back FTX Relaunch
Alvarez & Marsal, legal advisor to crypto exchange FTX, made public in late June a list of companies prepared to invest in the exchange's reboot. Despite the harshly negative publicity surrounding Sam Bankman-Fried's enterprise, significant players have shown a readiness to back his now-bankrupt venture. Thailand and Singapore Against Crypto Staking and Lending
In a recent development, the Securities and Exchange Commission (SEC) of Thailand has implemented new regulations that require cryptocurrency exchanges and other entities to publicly disclose the potential risks associated with trading cryptocurrencies. 
The SEC Sets Its Sights on AI
The U.S. Securities and Exchange Commission (SEC) is broadening its horizons, extending its reach beyond BTC and altcoins to the AI market. This surprising development came to light when the former Chairman of the Commission discussed the latest regulatory initiatives involving cryptocurrencies. 
A Twitter user (@hufhaus9) has created a visual timeline outlining the SEC’s response deadlines for the approval of BlackRock’s Bitcoin spot ETF.
Just 10 days ago, the renowned global investment firm with $10 trillion in assets applied for a groundbreaking Bitcoin spot exchange-traded fund in the United States.
First deadline: August 12, 2023
Second deadline: September 26, 2023
Third deadline: December 25, 2023
Final decision: February 23, 2024
If granted approval, BlackRock will be able to purchase BTC directly from the spot market, potentially utilizing platforms like Coinbase, on behalf of its clients.
With the BTC halving and these deadlines coinciding, the first quarter of 2024 promises to be an exciting period!