Daily | SEC completes two-year review of Coinbase; BNB completes 31st quarterly token destruction
Reprinted from chaincatcher
04/16/2025·3DCompiled by: Jerry, ChainCatcher
Important information:
- SEC completes a two-year review of Coinbase without modification or recapitalization
- Semler Scientific has applied to the US SEC for issuance of $500 million in securities to purchase more BTC
- Thousands of Nigerian investors are hit hard by CBEX Ponzi crypto scam, with the amount involved in the case reaching tens of millions of dollars
- Bithumb will launch KERNEL in the Korean won market
- Upbit adds WCT won, BTC, USDT trading pairs
- Upbit will launch SHELL and DEEP BTC and USDT trading pairs
- BNB completes its 31st quarterly token destruction, worth approximately US$916 million
“What important events have happened in the past 24 hours”
SEC completes a two-year review of Coinbase without modification or recapitalization
According to Cryptoslate, the U.S. Securities and Exchange Commission (SEC) has completed a long-term review of Coinbase's financial disclosures and ultimately did not require the company to modify or recapture the relevant documents.
Coinbase Chief Legal Officer Paul Grewal said the review covers 10-K documents for fiscal 2022 and 2023, which lasted more than two years and has fully resolved relevant comments with the SEC's corporate finance department. In the letter, the SEC reminded that the company and management are still responsible for the accuracy and adequacy of the disclosure, and the completion of the review does not mean official endorsement. The process began shortly after Coinbase went public in April 2021 and continued to evolve with crypto companies’ compliance standards. In addition, since the Trump administration came to power, the US regulatory attitude has eased, and the SEC has withdrawn lawsuits against several crypto companies and set out to develop a new industry regulatory framework.
Semler Scientific, a Nasdaq-listed medical technology company, has applied to the U.S. Securities and Exchange Commission (SEC) for the issuance of $500 million in securities by filing S-3 registration documents.
The issuance will be primarily used for general corporate purposes, including but not limited to the purchase of Bitcoin.
According to CryptoSlate, Nigerian digital asset trading platform CBEX was exposed as a Ponzi scheme, causing damage to funds from a large number of investors. Although local media said the loss was as high as 1.3 trillion naira (about 800 million US dollars), analysis pointed out that the address is actually a Binance hot wallet, and the real loss may be closer to US$12 million.
CBEX calls itself "China Beijing Equity Exchange", but it has nothing to do with the official Chinese organization of the same name. The platform promises doubled returns in 30 days in the name of AI quantitative strategy, attracting a large number of investors to participate and demanding rebates for recruitment, which is essentially a typical Ponzi structure. The project has even been publicized as a "poverty alleviation program" in Nigerian national media, further misleading users.
By April 2025, CBEX suddenly frozen accounts and users were unable to withdraw coins, which aroused public anger. Some investors surrounded its offices in Ibadan and Lagos, and a large number of victims also had public losses on social platforms.
Independent analyst Specter pointed out that CBEX is related to other similar scams LWEX and PCEX, and is suspected to share the website structure and capital flow model. The related wallets are also associated with Huione Pay, the Southeast Asian payment system, which has been listed by Elliptic as one of the main hubs of money laundering and telecommunications fraud, involving more than $24 billion in suspicious transactions.
Bithumb will launch KERNEL in the Korean won market
According to the official announcement, South Korean crypto exchange Bithumb will launch KERNEL in the Korean won market.
Upbit adds WCT won, BTC, USDT trading pairs
According to the official announcement, Upbit has added Wallet Connect (WCT) won, BTC, and USDT trading pairs.
The deal will be open at 6 p.m. local time on April 16.
Upbit will launch SHELL and DEEP BTC and USDT trading pairs
Upbit will launch SHELL and DEEP BTC and USDT trading pairs.
BNB completes its 31st quarterly token destruction, worth approximately US$916 million
The BNB Foundation announced the successful completion of the 31st quarterly BNB token destruction, which destroyed a total of 1,579,207.72 BNBs, equivalent to approximately US$916 million. After this destruction, the remaining BNBs to be destroyed were 40,886,572.43, and the total supply was 139,311,899.514.
“What are some great articles worth reading in the past 24 hours”
In a crypto-based world that emphasizes decentralization, practice-focused and fast-paced, how effective is academic qualifications?
US crypto companies enter a thunderous era: mergers and acquisitions, IPOs and tokenization boom
What are crypto giants planning?
How can an emerging company with only seven years of establishment and only 520 employees create annual revenues that surpass BlackRock, the world's largest asset management company?
The Bitcoin and COIN50 indexes have both fallen below their respective 200-day moving averages recently, sending a signal that the crypto market may enter a bear market. It is expected that the market is expected to stabilize in the middle and late period of the second quarter of 2025 and rebound in the third quarter.
Interpretation of Boya Group 's 2024 financial report: Synergistic growth with Web3 business
In 2024, Boya has made steady progress in traditional online chess and card games, actively deployed in the Web3 field, and continued to expand its cryptocurrency reserves, holding about 3,351 Bitcoins and about 295 Ether coins, and invested in incubating multiple Web3 projects.
Full text of the US SEC stablecoin regulation: What kind of stablecoin is not a securities?
As explained later, we refer to the stablecoins of this statement as “Compended Stablecoins”.
A guide to obtaining stablecoin income in one article
Currently, the categories of profits obtained through stablecoins are mainly the following categories. This article will further analyze each category of profits in detail.
Meme Popular List
According to the market data of Meme token tracking and analysis platform GMGN , as of April 16, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: AvA, COCORO , PLUSE, Fur, SPX
The top five popular tokens in the past 24h are: ERIC, SHAVV, Barron , LUCK, FLUFO
The top five popular tokens in the past 24h Base are: degeninme, DRB, VIRTUAL, BRETT, USDT
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