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SEC Seeks $5.3B Judgment Against Terraform Labs and Do Kwon
The US Securities and Exchange Commission (SEC) has filed a motion for billions of dollars in disgorgement and civil penalties against Terraform Labs and co-founder Do Kwon. The SEC is seeking $4.7 billion in disgorgement and prejudgment interest, along with $520 million in civil penalties. Terraform and Kwon have proposed lower penalties, and the SEC is also considering additional measures to prevent future violations.
DWF Labs Renews Collaboration with DMCC to Propel MENA Blockchain Ecosystem Forward
DWF Labs, a leading research organization, has announced the renewal of its partnership with DMCC, the world's flagship free zone and Government of Dubai Authority on commodities trade and enterprise. This collaboration aims to drive innovation and growth within the MENA region's blockchain ecosystem, with a focus on supporting early-stage startups and providing access to global venture capital.
Ethena (ENA) Labs Integrates with Major Exchanges for Reward Program
Ethena Labs, a synthetic dollar developer, has partnered with major centralized exchange wallets to offer users a 20% reward boost for locking USDe stablecoins for 7 days, converting rewards into ENA tokens.
Terraform Labs and Do Kwon Held Liable for Securities Fraud by NY Jury
erraform Labs and Do Kwon face a guilty verdict for defrauding investors in a landmark case, highlighting the need for regulatory compliance in the crypto market.
Ethena Labs Airdrops $450M in Tokens, Largest Wallet Nets $2M
Ethena Labs has completed a massive $450 million token airdrop, with the top wallet receiving $1.96 million in Ethena tokens as they hit major exchanges.
Sablier Labs Secures $4.5M Seed Funding to Revolutionize Token Streaming
Sablier Labs announces a successful $4.5M seed funding round led by prominent crypto investors to enhance its innovative token distribution platform.
Sygnum Pioneers Treasury Tokenization with USD 50M Fidelity MMF Investment
Sygnum Bank breaks new ground by tokenizing USD 50M of Matter Labs' treasury reserves into the Fidelity Institutional Liquidity Fund, enhancing the synergy between traditional finance and crypto.
Yuga Labs Legal Battle Escalates as Defendants Allegedly Thwart Court Orders
Yuga Labs' lawsuit sees non-compliance accusations against defendants, potentially impacting the NFT and cryptocurrency landscape.
AI Breakthrough: Devin, the Self-Programming Software Engineer, Raises Eyebrows in Tech
Cognition Labs' Devin AI, capable of autonomously coding and solving complex software tasks, ignites debate over the future of software engineering.
Binance Labs Launches Season 7 of Incubation Program for Web3 Innovators
Binance Labs invites early-stage Web3 founders to apply for Season 7 of its Incubation Program, offering tailored mentorship and resources.