Episode 499
📍 Bybit CEO Ben Zhou has labeled Pi Network a scam, citing a 2023 Chinese police warning that the project targets elderly people and leaks their personal data.
📍 The Securities and Exchange Commission (SEC) has agreed to drop its lawsuit against Coinbase, pending approval by the regulator's commissioners, marking a significant shift in the agency's stance on digital assets.
📍 North Korea's Lazarus Group has been identified as the hackers behind Bybit's $1.5 billion hack, with blockchain analytics firm Arkham Intelligence citing on-chain sleuth ZachXBT's analysis of test transactions and connected wallets.
📍 A bipartisan group of US senators has challenged the SEC's exclusion of staking from exchange-traded products (ETPs), arguing that it undermines investor protections and the competitiveness of US markets.
📍 Franklin Templeton has joined the growing list of asset managers seeking approval for Solana-based exchange-traded funds (ETFs), with the SEC currently reviewing multiple applications.
