Commodities

Saudi Arabia, a major player in the global oil market, has once again increased oil prices for Asian buyers

National policies shape global cryptocurrency markets, with regulations driving innovation or hindering growth. At TOKEN2049 Singapore, experts discuss how different national approaches impact local dynamics, global trends, cross-border transactions, and the future of cryptocurrencies in the financial system.

At TOKEN2049 Singapore, Binance CEO Richard Teng discussed leading the company after founder CZ's imprisonment. Despite challenges, he expressed confidence in Binance's future, emphasizing its strong global team and community. Teng highlighted the importance of regulatory compliance as a competitive edge, particularly amidst evolving regulations and growing institutional adoption, such as ETFs.

Elmnts is a Solana-based platform for tokenizing mineral rights, which are the rights to extract underground resources like oil and natural gas. The startup has raised $2 million in pre-seed funding at a $20 million valuation

SEC Chair Gary Gensler announced that Ethereum ETFs should be approved by summer’s end but did not clarify its classification as a security or commodity. But this “good” news had little impact on the sluggish crypto market.

The SEC has approved eight spot Ether ETFs, marking a significant development following speculation that ETH might be classified as a security. This approval comes just months after the SEC granted similar approval for spot Bitcoin ETFs.

Despite his four-month prison sentence, Changpeng Zhao’s $33B personal net worth, which is set to keep growing, makes him the richest US inmate in history.

Following convictions for wire fraud, commodities fraud, and commodities manipulation, he could potentially face a maximum sentence of 20 years in prison.

Hakim Torres telah mengeluarkan arahan untuk Ripple dan SEC untuk bersama-sama mengajukan jadwal pengarahan mengenai masalah penjualan institusional XRP. Akibatnya, persidangan ditunda.

Dalam pengajuan pengadilan baru-baru ini oleh Departemen Kehakiman AS terhadap Avraham Eisenberg, DoJ merujuk pada dua cryptocurrency sebagai komoditas. Eisenberg.