NewsBriefs - SEC dismisses claims against Nova Labs related to Helium Network

Apr 10, 9:21 PM The Block

SEC dismisses claims against Nova Labs related to Helium Network

The US Securities and Exchange Commission has dropped its claims against Nova Labs, stating that the firm's sale of hardware and distribution of tokens used for network growth does not constitute unregistered securities. This decision marks a significant development for the Helium community and the broader crypto industry, effectively clearing legal uncertainties for crypto projects involved in building real-world infrastructure through DePIN models.

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• Apr 12, 1:01 PM Decrypt

  Lomond School in Scotland to accept Bitcoin payments and considers BTC reserve

  Lomond School in Helensburgh, Scotland, will become the first UK school to accept Bitcoin as payment, addressing requests from local and international parents. The school plans to incorporate Bitcoin in phases and convert it to pound sterling to manage risks, ensuring compliance with UK financial regulations. Additionally, Lomond School may establish a Bitcoin asset reserve if the cryptocurrency gains wider acceptance in the UK and globally.

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• Apr 11, 8:20 PM The Block

  SEC crypto task force roundtable signals regulatory shift as Uyeda backs innovation-first approach

  The US Securities and Exchange Commission (SEC), under Acting Chair Mark Uyeda, is exploring temporary regulatory measures to encourage blockchain innovation in the US. This approach marks a shift from the stricter oversight under former Chair Gary Gensler. The discussions occurred during a roundtable hosted by the SEC's crypto task force, which included major industry players like Uniswap Labs, FalconX, Coinbase, and representatives from traditional financial institutions. The SEC's evolving stance comes ahead of Paul Atkins taking over as Chair, indicating potential for a more crypto-friendly regulatory environment.

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• Apr 11, 5:37 PM The Block

  SEC allows McDonald's to dismiss Bitcoin treasury proposal by conservative shareholders

  McDonald's chose not to discuss a proposal from the National Center for Public Policy, a conservative think tank and McDonald's shareholder, to buy Bitcoin after the US Securities and Exchange Commission supported the company's right to exclude the topic from its annual shareholder meeting. This decision reflects McDonald's lack of interest in altering its investment strategy to include Bitcoin despite the trend among some companies to add crypto to their balance sheets.

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• Apr 11, 4:42 PM The Block

  Bitcoin rises 4% as US inflation data bolsters market optimism

  Recent US macroeconomic data revealing a decline in both the Producer Price Index (PPI) and Consumer Price Index (CPI) has spurred a 4% increase in Bitcoin prices to $82,500. Supplements from the Bureau of Labor Statistics indicated reductions in PPI by 0.4%, with core PPI dropping 0.1%, both lower than anticipated. This decrease in inflation rates has led to market optimism, promoting a broad recovery in crypto markets, with notable gains in major altcoins like Ether, Solana, and Cardano. Analysts, however, caution that cryptos' sensitiveness to geopolitical and economic headlines could affect this resurgence, as they keep an eye on US Treasury market conditions and ongoing US-China tariff tensions.

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• Apr 11, 10:04 AM The Block

  DOJ memo on crypto non-prosecution does not affect Do Kwon case, say US prosecutors

  US prosecutors confirmed that the recent memo from Deputy Attorney General Todd Blanche, which advocates against prosecuting crypto firms under certain conditions, will not influence the charges against Terraform Labs founder Do Kwon. Despite the DOJ's broader move to refrain from crypto-related prosecutions, Kwon's charges remain unchanged and his trial is set to proceed, with the next pre-trial conference scheduled for June 12, 2025. Kwon faces various charges, including commodities fraud and money laundering, with a potential maximum sentence of up to 130 years if convicted.

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• Apr 10, 9:21 PM The Block

  SEC dismisses claims against Nova Labs related to Helium Network

  The US Securities and Exchange Commission has dropped its claims against Nova Labs, stating that the firm's sale of hardware and distribution of tokens used for network growth does not constitute unregistered securities. This decision marks a significant development for the Helium community and the broader crypto industry, effectively clearing legal uncertainties for crypto projects involved in building real-world infrastructure through DePIN models.

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• Apr 10, 12:30 PM Bloomberg

  US inflation shows slowdown in March ahead of new tariff challenges

  US core inflation rose by only 0.1% from February to March 2025, marking the least increase in nine months, while the general consumer price index decreased by 0.1%, the first drop in nearly five years. Annually, core CPI experienced a 2.8% increase, the smallest rise in nearly four years. Notable contributors to the slowdown included reduced prices for energy, used cars, and airfares. This inflation relief occurs amidst new expansive tariffs imposed by the US, which could soon pressure consumer prices further.

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• Apr 10, 12:00 PM Nasdaq

  Nasdaq seeks to list VanEck's Avalanche ETF for AVAX exposure

  Nasdaq has submitted a filing to the US Securities and Exchange Commission to list and trade shares of VanEck's Avalanche ETF. This ETF aims to provide regulated access to Avalanche's native token, AVAX, through conventional brokerage accounts. VanEck's initiative is part of its ongoing effort to expand its suite of crypto investment products, despite the current regulatory uncertainty and market volatility surrounding altcoins like AVAX.

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• Apr 9, 8:29 PM The Block

  BlackRock, Grayscale, and Bitwise win SEC approval for Ethereum ETF options

  The US Securities and Exchange Commission has granted approval for options trading on spot Ethereum exchange-traded funds (ETFs). This includes options trading for iShares Ethereum Trust by Nasdaq, and options on the Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust by NYSE American. This regulatory advancement follows the launch and success of spot Ethereum ETFs and is seen as a precursor to further product development in the crypto ETF sector.

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• Apr 9, 2:17 PM The Block

  Ethereum Foundation's Virgil Griffith released from prison on parole

  Virgil Griffith, a former Ethereum Foundation developer known for his early contributions to the Ethereum Name Service, has been released from prison on parole. Previously, in 2021, Griffith pleaded guilty to US sanctions violations related to a presentation he gave in North Korea on using crypto and blockchain technology to evade sanctions. Originally sentenced to 63 months in 2022, his sentence was later reduced to 56 months by US District Judge Kevin Castel in July 2024.

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• Apr 9, 11:00 AM GlobeNewswire

  21Shares and House of Doge introduce exclusive Dogecoin ETP on SIX Swiss Exchange

  21Shares has collaborated with the House of Doge to unveil a Dogecoin ETP, making it the only one endorsed by the Dogecoin Foundation on the SIX Swiss Exchange under the ticker DOGE. This partnership aims to provide institutional-grade exposure to Dogecoin and highlights its increasing utility and integration into mainstream finance. The ETP offers a secure, 100% physically-backed investment avenue, expanding Dogecoin's presence and credibility in the financial market.

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• Apr 9, 5:42 AM The Block

  Argentina congress advances investigation into officials linked to Libra memecoin scandal

  Argentina's Chamber of Deputies voted to investigate government officials involved in the Libra memecoin scandal linked to President Javier Milei. The investigation involves setting up a commission, summoning several top officials, and requesting a detailed government report on Libra, a Solana-based token developed by Delaware-based Kelsier Ventures. Milei's initial promotion led to a rapid market surge and subsequent crash of Libra, resulting in accusations of fraud and calls for his impeachment.

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• Apr 9, 1:30 AM SEC.gov

  Tether increases stake in Bitdeer to 22.8%, new SEC filing reveals

  Recent filings with the US Securities and Exchange Commission show that Tether has raised its stake in Bitcoin mining company Bitdeer from 21% to 22.8%, indicating an increased interest in the crypto mining sector.

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• Apr 9, 12:30 AM Eleanor Terrett

  Senate schedules cloture vote for SEC chair nominee Paul Atkins tomorrow

  The Senate has scheduled a cloture vote for SEC Chair nominee Paul Atkins at 11:30 AM tomorrow. If successful, this vote paves the way for a potential full confirmation vote by 7:00 PM.

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• Apr 8, 1:31 PM The Block

  RedStone launches Bolt oracle on MegaETH's layer 2 scaling solution

  RedStone has deployed its new oracle system, Bolt, on MegaETH, an Ethereum Layer 2 scaling solution. Bolt, different from traditional pull oracles, is a sub-second, ultra-fast push oracle system capable of updating every 2.4 milliseconds. It supports protocols that rely on push data feeds, such as leading DeFi platforms Compound, Morpho, Spark, Venus, Euler, Fluid, and Aave. RedStone, enriched by recent $15 million Series A financing from Arrington Capital and Kraken Ventures, provides oracle services across various blockchains including Ethereum, Avalanche, and Polygon. MegaETH aims to achieve 100,000 transactions per second (TPS) and is advancing with its high-performance, monolithic design enhanced by data solutions like EigenLayer.

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