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SEC fines Jump Trading subsidiary $123 million for propping up TerraUSD stablecoin during depeg
SEC fines Jump Trading subsidiary $123 million for propping up TerraUSD stablecoin during depeg

Quick Take The SEC and Tai Mo Shan, a subsidiary of Jump Trading’s crypto unit, have reached an agreement for the latter to pay about $123 million in fines after it spent $20 million to help prop up the TerraUSD stablecoin in May 2021. Tai Mo Shan will pay the penalty without admitting to or denying the SEC’s findings, pursuant to the agreement.

The Block·2024/12/20 16:00
Bitcoin and Ethereum take a hit as $1.2 billion in crypto liquidated
Bitcoin and Ethereum take a hit as $1.2 billion in crypto liquidated

Traders across the market saw significant losses in the wake of Fed's latest monetary policy update.

CryptoSlate·2024/12/20 15:11
Flash
  • 04:01
    Blockstream Co-founder: Quantum computing will enhance Bitcoin signatures, making its network stronger
    Blockstream co-founder and CEO, inventor of Hashcash, and renowned cryptographer Adam Back stated that quantum computing could potentially make the Bitcoin network stronger. Industry insiders have previously expressed concerns that due to advancements in quantum physics, quantum computing can execute computational processes at unprecedented speeds, which may disrupt encryption algorithms in the future. Back posted on X stating: "Post-quantum (PQ) will take at least several decades," which is why hash-based PQ schemes are never feasible: "PQ signature research will eventually produce conservative, thoroughly reviewed, more compact signatures. Bitcoin can consider these schemes as another option."
  • 03:59
    HSBC Bank: Still expects the Federal Reserve to cut interest rates by 75 basis points in 2025
    HSBC Bank stated that it still expects the Federal Reserve to cut interest rates by 75 basis points in 2025.
  • 03:58
    The Ethereum ETF had a net inflow of 62.73 million US dollars last week
    According to SoSoValue data, last week's trading days (Eastern Time December 16th to December 20th) saw a net inflow of $62.73 million into Ethereum spot ETFs. Among them, Grayscale's Ethereum Trust ETFETHE had a weekly net outflow of $99.83 million, with the current historical net outflow for ETHE standing at $3.62 billion.
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