1/2
The full decision is a slaughterfest of the SEC arguments, and requires a full review of Grayscale's application.
SEC options from here on out are:
1. Delay decision and come up with new fake reason
2. Concede and approve
3. Request en banc appeal of the case.
#三箭資本 創始人@ZhuSu在推特上發布來自Three Arrows Capital Ltd前董事的聲明:
“我們了解到,DeFiance Capital(DC)和Starry Night Capital(SNC)基金一直與Three Arrows Capital Ltd(TACL)的其他資金池分開管理。在程序上和實踐中,我們認為DC和SNC應被視為獨立的基金……
Statement from the former directors of Three Arrows Capital Ltd:
It is our understanding that DeFiance Capital (DC) and Starry Night Capital (SNC) funds were always managed separately from other pools of capital at Three Arrows Capital Ltd (TACL). Procedurally and in practice, we believe DC and SNC should be treated as segregated funds, in that we, when as the directors of TACL, did not actively manage the DC and SNC funds.
As the current acting liquidator for TACL, we believe Teneo is repeatedly overreaching in their attempt to seize other investors’ funds. Even on a technical and legalistic approach, the DC and SNC assets rightfully belong to the feeder funds of TACL, which are also in liquidation and have appointed Interpath to administer the process. We expect in the due process of law that both DeFiance Capital and Starry Night Capital investors should retain ownership of their respective assets.
@worldnetwork's global expansion raises privacy concerns as governments probe its biometric data collection practices. Different countries have distinct data protection laws for sensitive biometric data, sparking investigations. https://t.co/ZdB64DUGJz
🚨 Introducing @OndoFinance USD Yield (USDY), the world’s first tokenized note secured by US Treasuries and bank deposits.
🚫 NOTE: USDY is not, and may not be, offered, sold or otherwise made available in the US or to US persons. USDY also has not been registered under the US Securities Act of 1933.
📈 USDY is a bearer instrument, offering a similar degree of accessibility as stablecoins while paying holders a variable yield, starting at 5% APY.
🏦 USDY is senior secured debt of Ondo USDY LLC, a special purpose vehicle designed to be bankruptcy-remote from day one.
🧑🤝🧑 Individuals and institutions, with no accreditation requirements, can onboard directly with Ondo in order to mint or redeem USDY on a daily basis.
🌐 After a 40-50 day waiting period, USDY tokens can be transferred on-chain to investors who meet applicable requirements (including agreeing to certain terms and being a non-US person, outside the US, and not subject to other jurisdictional prohibitions).
For more information, please visit: https://t.co/VxdJaTt0OV
Insider sources reveal @cz_binance's attempt to shut down https://t.co/yzQLUrulNy earlier this year, safeguarding Binance's interests. The https://t.co/yzQLUrulNy board voted on the liquidation, but consensus wasn't reached. CEO Brian Shroder was the lone dissenter. #Binance
🎉Six companies, including #Bitwise, @Roundhill, & @Grayscale, have applied for #Ethereum Futures ETFs. The SEC's decision on Volatility Shares' application is due on Oct 11, while others' decisions expected on Oct 16. #Ethereum#ETF#Crypto
Korean Bankers Association, regulators, & #crypto exchanges collaborate on 'Virtual Asset Real-Name Account Guidelines' to enhance user protection and combat money laundering. Banks demand exchanges to bear user damages (hacks, technical issues) with a reserve of 300 million KRW.
@Ripple's legal chief, Stuart Alderoty, confident about victory even if #SEC appeals. Believes court may further consolidate their win against the regulator. #XRP token not an investment contract, says Alderoty. #Ripple#cryptocurrency👇read more...
https://t.co/dgNu4CsQPw
The ongoing e-HKD Pilot Programme explores six use case categories, including Web3 settlement, tokenised assets, and tokenised deposits.
@Mastercard is exploring the potential of e-HKD in facilitating transaction settlements on Web3 platforms across diverse blockchains.
📆SAVE THE DATE 📆
🎉Gitcoin Grants 18: Aug 15-29, 2023🎉
Mark your calendars for #GG18! Applications open on August 1st – be on the lookout for more details to follow 🫡
Let’s Fund What Matters. Together 🍃
Decentralized storage solution @CrustNetwork announced a multimillion-dollar funding from @DWFLabs. This new capital will empower Crust Network to enhance its infrastructure & expand its business in the decentralized storage field.
🎉 Big news! Crust Network, the decentralized cloud storage protocol, has secured seven-figure funding from @DWFLabs !
🔜 Exciting things are coming! Mark your calendars for July 17th when EVM Storage goes live.
Stay tuned for the next level of storage innovation! 💪