Subject: 🚀🦎What a Gray Day...

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Weekend’s approaching, Geckos!

Grayscale launches legal action against the SEC after they deny the application to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. According to the SEC, the application was disapproved to “protect investors and the public interest”.

Grayscale’s Senior Legal Strategist filed a petition for review with the United States Court of Appeals citing the SEC is acting “arbitrarily and capriciously” by “failing to apply consistent treatment to similar investment vehicles”

In today's news, Nubank offers crypto trading, BVI liquidates 3AC and EU passes proposals on AML.

Read on!

24h Hot Searches Worldwide 

  • TerraClassicUSD     (-36.4%)

  • Evmos                       (+1.8%)

  • Terra                         (-18.0%)

  • Convex Finance        (-0.7%)

  • Cosmos Hub             (-2.4%)

  • Solana                       (-11.4%)

  • Bitcoin                        (-5.2%)

It's OpenSea-son for NFT marketplaces, with X2Y2, Magic Eden and even LooksRare joining in on the hunt.

Read on as we find out who actually reigns supreme here!

You can also read our other articles for the week:

The past few weeks have seen TRON and USDD in the spotlight in terms of searches worldwide, but why exactly? Let's take a deep dive into the TRON ecosystem and why it's been all the buzz recently!

Learn about TRON 📺

Crypto Buffet

Nubank offers direct crypto trading to its 54 million customers across Brazil, Mexico and Colombia. Nubank is currently partnered with Paxos to offer BTC and ETH to its clients.

Nubank also announced that its parent company, Nu Holdings, has allocated ~1% of its balance sheet to BTC. Warren Buffet’s Berkshire Hathaway has been a large shareholder of Nu Holdings since late last year.

3AC Liquidated!

A court in the British Virgin Islands has ordered the liquidation of Three Arrows Capital this Monday. According to a press release, 3AC failed to make payments on a loan of 15,250 BTC ($324 million at the time) and $350 million worth of USDC.

Teneo, a global consultancy and advisory firm have reportedly been appointed as the liquidators of 3AC.

The Daily HODL

EU: Privacy vs Laundry

The EU has agreed upon anti-money laundering laws for crypto transactions this Wednesday. Customer identity will need to be verified for Crypto transactions between regulated digital wallet providers but not for unhosted private wallets.

EU lawmaker Ondřej Kovařík confirmed the provisional deal and noted that the proposal is a good balance between mitigating money laundering risks without hindering innovation.


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