The court pointed out that the SEC's expansion of the definition of "broker" is inconsistent with the text, history and structure of the Securities Exchange Act, and the scope of the rules is too broad and may not reasonably cover trading activities in DeFi protocols. The SEC did not follow a reasonable decision-making procedure when making rules, which violated the Administrative Procedure Act.

SOL just rose to a high of $263.95, breaking through the previous high of $259.69 in November 2021 and setting a new all-time high.

Crypto industry professionals are vying for seats on the crypto advisory committee that Trump has promised to establish. The advisory committee may be affiliated with the White House National Economic Council or an independent White House department. Its main responsibilities include coordinating digital asset policies, working with Congress to develop crypto legislation, establishing Bitcoin reserves, and collaborating with agencies such as the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Treasury Department.

Trump Media & Technology Group has filed a trademark application to launch a crypto payment service called "TruthFi." The platform will focus on crypto payments, financial custody, and digital asset trading.

According to MicroStrategy's announcement, the bonds will mature in 2029, and the conversion price is 55% higher than the market price, about $672 per share. The net proceeds from this issuance are about $2.97 billion, and MicroStrategy plans to use most of the funds to purchase more Bitcoin and other company operations.

Gensler has made significant enforcement efforts in the cryptocurrency field, taking action against false transactions, registration violations, etc. According to SEC data, about 18% of reports in fiscal 2024 were related to cryptocurrency.

Coinbase International Station announced on the X platform that Coinbase International Station and Coinbase Advanced will add support for CoW Protocol perpetual futures contracts. The COW-PERP market is expected to open at or after 17:30 on November 26, 2024, Beijing time.

Talks between SEC staff and issuers looking to launch a SOL spot ETF are “making progress,” with the SEC currently processing S-1 filings, according to two people familiar with the matter. The two people said it’s “very likely” we’ll see exchanges file some 19b4 filings on behalf of potential issuers — the next step in the ETF approval process — in the coming days.

Bitcoin mining machine manufacturer Canaan Inc. (NASDAQ: CAN) recently signed a securities purchase agreement to sell up to 30,000 shares of Series A-1 preferred stock to an institutional investor at a price of $1,000 per share. The agreement will raise $30 million to support the development of digital mining and equipment in North America. Previously, Canaan Technology completed its Series A financing in September 2024, in which it sold up to 125,000 shares of Series A convertible preferred stock.