1. The Cryptocurrency exchange requested the court to dismiss the Commodity Futures Trading Commission (CFTC) lawsuit.
2. The Spot market share of Yuan’an has dropped from 64% earlier this year to 50%. Over the past 7 months, it has decreased by 22%; Coinbase, on the other hand, fell from 8% to 5.5%.
3. Chengdu will give special subsidies to blockchain and Big data industries, with a maximum one-time subsidy of 2 million yuan.
4. The Hong Kong Monetary Authority and the Saudi Central Bank have signed a memorandum of understanding: key areas include regulatory technology, tokenization, and payment infrastructure.
5. According to the Wall Street Journal, Sequoia Capital has cut the size of its crypto investment fund from $585 million to $200 million.
6. BlackRock: 84.9% of the investment portfolio is allocated to Bitcoin, which can significantly improve the return on investment.
7. The Agriculture Committee of the United States House of Representatives has passed the 21st Century Financial innovation and Technology Act, which will establish a federal regulatory framework for Cryptocurrency in the United States.
8. Members of the United States House of Representatives failed to reach a bipartisan agreement on Stablecoin legislation, and the chairman of the Financial Services Committee accused the White House of intransigence leading to deadlock,
9. Blockchain company Ripple will collaborate with Catalyze Research in South Korea to increase XRP’s visibility.
10. The five major crypto exchanges in South Korea have established compliance systems to monitor illegal activities.
11. Amazon extends its blockchain hosting services by providing Amazon Managed Blockchain (AMB) access and query capabilities.