According to ShibDaily, the U.S. Securities and Exchange Commission (SEC) has initiated legal action against Touzi Capital, LLC and its managing member, Eng Taing. The SEC accuses the investment firm of misleading over 1,200 investors by falsely claiming that their funds would be used for cryptocurrency mining operations. The lawsuit alleges that between 2021 and 2023, Touzi Capital conducted unregistered securities offerings, raising nearly $95 million from investors nationwide. Additionally, the SEC claims that the firm misused investor funds for Taing’s personal expenses. The complaint further states that Touzi Capital raised approximately $23 million for its debt rehabilitation business but improperly mixed these funds with those of its crypto asset mining and other unrelated ventures. The SEC also accuses the firm of misrepresenting the stability of the investments, falsely comparing them to high-yield money market accounts, while they were actually high-risk and illiquid. Despite the declining performance of these investments, Touzi Capital allegedly continued to solicit new investors. Taing and Touzi Capital face charges of violating the registration and antifraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The SEC seeks permanent injunctions, disgorgement with prejudgment interest, civil penalties, and an officer and director ban against Taing. The SEC has faced criticism for its regulatory approach to the cryptocurrency industry, with critics arguing that the agency has focused more on enforcement actions rather than establishing clear rules. SEC Commissioner Hester Peirce, known as “Crypto Mom,” has expressed concerns about the Commission’s “regulation-by-enforcement” strategy, suggesting it creates uncertainty and stifles innovation. However, there are indications that the SEC might be moving towards a more crypto-friendly regulatory stance following the resignation of its former chair, Gary Gensler. Reports suggest that Paul Atkins, a former SEC commissioner known for his pro-innovation views, is being considered as a potential successor. Atkins, referred to as “Crypto Dad,” is recognized for his understanding of the cryptocurrency sector and advocacy for supportive policies. Additionally, with President-elect Donald Trump’s recent pro-crypto position, there is speculation that regulatory oversight of cryptocurrencies could shift from the SEC to the Commodity Futures Trading Commission (CFTC).

According to Onchain Lens, MicroStrategy acquired 15,400 BTC today for approximately US$1.5 billion, which means that MicroStrategy has been buying Bitcoin for four consecutive weeks.

As large language models revolutionize content creation, the use of artificial intelligence will grow significantly, with global revenue in the field expected to grow from $30 million today to $70 billion to $150 billion by the end of this decade.

Crypto mining chip design company Nano Labs announced a Bitcoin purchase plan, planning to purchase and hold $50 million worth of Bitcoin over the next five years. Nano Labs said this strategic decision highlights the company's confidence in BTC as a long-term store of value and a fundamental asset in the rapidly developing Web 3.0 ecosystem. (PRNewswire)

Artificial intelligence company Genius Group Limited (NYSE American: GNS) announced that it has increased its Bitcoin vault purchases by an additional $1.8 million to 172 Bitcoins, with a total value of $15.8 million, and an average net price of $92,006 per Bitcoin. The company announced its "Bitcoin First" strategy on November 12, pledging to hold 90% or more of its current and future reserves in Bitcoin, with an initial target of $120 million in Bitcoin, and has since purchased a total of $15.8 million worth of Bitcoin in three weeks. (Globenewswire)

According to PANews, Michael Saylor, co-founder and executive chairman of MicroStrategy, announced on the X platform that the company has invested approximately $1.5 billion to acquire an additional 15,400 bitcoins. This purchase was made at an average price of around $95,976 per bitcoin. As a result, MicroStrategy achieved a quarterly total return (QTD) of 38.7% and an annual total return (YTD) of 63.3%. As of December 2, 2024, MicroStrategy holds a total of 402,100 bitcoins. These were acquired at an average price of approximately $58,263 per bitcoin, amounting to a total value of about $23.4 billion. This strategic move underscores MicroStrategy's continued commitment to investing in bitcoin as part of its corporate strategy.

null source: https://x.com/BTC_Archive/status/1863571732109435091

The post MicroStrategy Acquires Additional 15,400 BTC for $1.5 Billion appeared first on Coinpedia Fintech News At an average purchase price of $95,976 per Bitcoin, MicroStrategy has added 15,400 Bitcoin to its holdings as of December 2, 2024, for a total of almost $1.5 billion. The corporation now has 402,100 BTC, or around $23.4 billion, in total Bitcoin holdings thanks to this deal. With a... source: https://coinpedia.org/news/microstrategy-acquires-additional-15400-btc-for-1-5-billion/

MicroStrategy has significantly bolstered its position as one of the largest corporate holders of Bitcoin, acquiring an additional 15,400 BTC at an average price of $95,976 per coin. The post JUST IN: MicroStrategy Acquires $1.5 Billion in Bitcoin appeared first on Cryptodnes. source: https://cryptodnes.bg/en/just-in-microstrategy-acquires-1-5-billion-in-bitcoin/

Michael Saylor posted on the X platform that after MicroStrategy acquired 15,400 BTC at a price of approximately US$1.5 billion, it held 402,100 BTC as of December 2, 2024, with an average price of US$58,263, and achieved a BTC return of 38.7% so far in the quarter and 63.3% so far in the year.

According to market sources, MicroStrategy sold 3.7 million shares, netting $1.48 billion.

A true paradigm revolution is by no means a pilgrimage of return as a convert to the old order, but a firm exploration of the new world beyond experience as a rebel.

With the bull market in hand, 2024 is an exciting year for Layer 1 (L1) blockchain.

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For stablecoins pegged to the US dollar like USDC, MiCA stipulates that their issuers must obtain an Electronic Money Institution (EMI) license and ensure that the reserves of the stablecoin match its circulation.

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AI-powered virtual pets are gaining popularity in China, driven by the demand for emotional support and low-maintenance companionship. These pets, like Cupboo and Moflin, offer interactive experiences with advanced AI that can remember past interactions, engage in conversations, and even assist with tasks, appealing to a wide range of consumers.

The meme market is booming, and a large number of stories about wealth survivor bias are flooding different channels. Pump.Fun is a microcosm of this "battle for attention".

This article will divide the current development of Web3 into three stages from the perspective of "core elements", revealing the core elements of each stage as the driving force, and how their innovation, iteration and integration drive the evolution of Web3.

Malaysian music group KRU returns after a six-year break with their new single, "Voodoo," and a AI-generated music video. The band blends nostalgia and innovation, showcasing their growth while using AI to create digital versions of themselves for the video.