NewsBriefs - OpenSea denies rumors of KYC requirements for speculated token airdrop

Feb 11, 7:12 AM The Block

OpenSea denies rumors of KYC requirements for speculated token airdrop

OpenSea has refuted rumors that users will need to complete a know-your-customer (KYC) process to participate in a speculated token airdrop. The rumors, sparked by a leaked website link and discussed widely on the social platform X, were dismissed as false by OpenSea's CEO, Devin Finzer. He clarified that the website was only a test site and the mentioned KYC terms were not intended for any planned airdrop. OpenSea has yet to confirm any plans for a token airdrop.

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• Feb 11, 7:12 AM The Block

  OpenSea denies rumors of KYC requirements for speculated token airdrop

  OpenSea has refuted rumors that users will need to complete a know-your-customer (KYC) process to participate in a speculated token airdrop. The rumors, sparked by a leaked website link and discussed widely on the social platform X, were dismissed as false by OpenSea's CEO, Devin Finzer. He clarified that the website was only a test site and the mentioned KYC terms were not intended for any planned airdrop. OpenSea has yet to confirm any plans for a token airdrop.

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• Feb 11, 3:31 AM Cointelegraph

  North Carolina proposes investment in Bitcoin ETPs with new state legislation

  North Carolina has introduced a bill that enables the state treasurer to invest public funds in Bitcoin ETPs, with specific conditions such as each asset having a minimum market capitalization of $750 billion. Speaker of the House Destin Hall and co-sponsor Mike Schietzelt see this as an opportunity for positive yields and technological leadership, aligning with broader trends of states adopting crypto investment strategies.

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• Feb 10, 9:00 AM Nikkei

  Japanese Financial Services Agency moves to regulate crypto assets like securities

  The Japanese Financial Services Agency is planning to regulate crypto assets as financial products similar to securities. This includes potential tax reductions and the approval of Bitcoin spot ETFs. The agency aims to enhance investor protection through increased disclosure requirements and is considering lifting the ban on Bitcoin spot ETFs, with proposed tax rates potentially dropping from 55% to 20%. Details of the regulatory reforms are expected to be officially announced in June, with the revisions likely to be debated in the 2026 ordinary session of the National People's Congress.

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• Feb 10, 8:22 AM CZ

  CZ critiques Binance’s token listing process, calls it 'a bit broken'

  Changpeng Zhao, Binance's founder and former CEO, criticized the crypto exchange's token listing process, calling it 'a bit broken' due to short notice periods causing price fluctuations on decentralized exchanges. Zhao highlighted the problematic four-hour gap between token listing announcements and the actual listing, which leads to speculative trading behavior.

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• Feb 9, 10:21 AM Alon

  Pump.fun co-founder clarifies no plans for token launch amid rumors

  Pump.fun co-founder has dismissed rumors about launching a new token, advising to only trust information from official Pump.fun channels. Despite focusing on product improvement throughout its first year and working on rewarding its users, there's no confirmation of a token launch. Speculation about a potential public offering using the Dutch auction model and collaborations with CEXs arose from an unverified source. Pump.fun has generated substantial fees and has had significant financial transactions with Kraken. Recent legal challenges in the US could also influence the feasibility of a future token issuance.

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• Feb 8, 1:26 PM Cointelegraph

  Coinbase AUM surpasses 21st largest US bank with $420 billion in assets

  Coinbase, a leading global centralized cryptocurrency exchange, now manages over $420 billion in assets, ranking it above the 21st largest bank in the US in terms of assets under management. This comparison highlights Coinbase's significant role and growth within the crypto industry. The company's achievement underscores the expanding influence of crypto platforms in traditional financial sectors.

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• Feb 7, 9:52 PM The Block

  DarkFi alpha release marks the latest project from early Bitcoin developer Amir Taaki

  DarkFi, a privacy-centric crypto initiative led by Amir Taaki, has launched the alpha version of its application, which features strong anonymity through a decentralized architecture and aims to evolve with additional capabilities. The app supports anonymous DAOs, wallets, and operates on a blockchain, emphasizing complete user privacy without registration or identity linkage. Taaki's vision incorporates a user-friendly design accessible across multiple platforms.

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• Feb 7, 3:30 PM Decrypt

  Bitcoin tops $100K before pulling back as US jobs data signals rate uncertainty

  Bitcoin briefly surpassed $100,000 then fell to $98,320 following a mixed US jobs report indicating lower unemployment but slower job growth, which impacted the Federal Reserve's interest rate decisions. Other major crypto a like XRP and Ethereum also showed volatility. The overall market reacted to nuances in US economic indicators, influencing crypto prices and investor sentiment.

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• Feb 7, 2:32 PM The Block

  Japan's financial watchdog requests Apple and Google to block unregistered crypto exchanges

  Japan's Financial Services Agency (FSA) has requested Apple and Google to block five unregistered overseas crypto exchanges from their app stores in Japan. The targeted exchanges include Bybit, MEXC Global, LBank Exchange, KuCoin, and Bitget. Apple has removed the apps following the FSA's request, while Google has not yet responded. The request was made to enforce compliance with Japan's Payment Services Act, aimed at preventing unregistered exchanges from operating in the country.

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• Feb 7, 7:57 AM CoinDesk

  DCG's Barry Silbert touts decentralized AI as the next major crypto innovation

  Barry Silbert, the head of crypto conglomerate Digital Currency Group (DCG), claims that decentralized AI (deAI) could surpass Bitcoin in impact, marking it as the forthcoming significant phase in crypto. Emphasising the synergy between AI and blockchain technology, Silbert believes deAI could offer more equitable dividends compared to existing AI systems by giants like OpenAI. DCG has invested heavily in deAI, including $105 million in various projects and supporting infrastructure like Bittensor's ecosystem. Silbert's insights were part of his Q4 shareholder letter, which also marked 2024 as a year of rebuilding and growth for DCG.

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• Feb 7, 3:44 AM The Block

  SEC solicits public comments on Grayscale's Solana ETF

  The SEC is currently soliciting public comments on a proposal by NYSE Arca to list and trade the Grayscale Solana Trust as an exchange-traded product. Public feedback is requested within 21 days from the Federal Register publication, followed by an SEC decision to approve or potentially disapprove the proposal. This move marks a significant step given previous rejections of similar proposals and reflects new developments under the Genz-led SEC and a pro-crypto US administration.

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• Feb 7, 1:49 AM Cointelegraph

  Utah advances Bitcoin reserve bill, potentially a first for US states

  Utah's House has advanced the Strategic Bitcoin Reserve bill, which aims to allow the state treasurer to allocate up to 5% of certain public funds to BTC and other qualifying digital assets. The bill has passed the House and is now moving to the Senate for further approval.

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• Feb 6, 2:35 PM The Block

  BNB Chain test meme coin spikes after CZ's post, reaching $52 million market cap

  A test memecoin on the BNB Chain named TST surged to a $52 million market cap shortly after a tweet by Binance founder Changpeng 'CZ' Zhao, then stabilized at over $15 million. The increase followed CZ's mention of a tutorial video for launching memecoins on the Four.Meme platform. Although the tweet led to significant trading activity, particularly among Chinese influencers, CZ later stated that TST is not an official BNB Chain token and clarified that neither Binance nor the BNB Chain team holds any TST.

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• Feb 6, 10:00 AM TASS

  Telegram CEO Pavel Durov's trial in France delayed for at least a year

  Telegram founder Pavel Durov, detained in France, will not face trial for at least a year, as reported by Wired citing a prosecutor's spokeswoman. Durov, under court supervision with stringent conditions including a 5 million euro bail, is accused of facilitating criminal activities via his platform, which could lead to a 10-year prison sentence and a 500,000 euro fine. The delay leaves the future leadership of Telegram uncertain.

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• Feb 6, 8:35 AM Decrypt

  Congressmen aim to protect NFTs in revised crypto legislation

  US Congressmen are advocating for the inclusion of the New Frontiers in Technology (NFT) Act in the revised Financial Innovation and Technology for the 21st Century Act (FIT21) to establish legal protections for NFTs within a clearer regulatory framework for digital assets. This integration aims to clarify the regulatory roles of agencies like the Commodity Futures Trading Commission and the Securities and Exchange Commission, amidst broader efforts to secure Senate approval for comprehensive crypto market structure and stablecoin regulations under the Trump administration.

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