25th Feb: Blockchain DXB Podcast 🎙️
🔻Bitcoin Feb ETFs $1B in Losses 🟥Hedera ETF Under Review 🌏OKX settles with DOJ $500 penalty ✅SEC Is Closing Investigation, with Robinhood
🔥Bitcoin ETFs have seen nearly $929 million in outflows this month, despite record highs in the S&P 500 and gold. Bitcoin has traded between $94,000 and $98,000
- A record $1.4 billion hack on Bybit added to market uncertainty, though the exchange has recovered most funds. The breach, the largest crypto hack to date, briefly sent shockwaves through the market.
❗Imp to note Bybit has since recovered most of the stolen funds through ETH purchases, loans, and whale deposits, and it plans to release an audited proof of reserves report.
🎙️ Check out the Blockchain DXB episode today we share our commentary on this.
✅ Canary Capital has filed a 19b-4 application with the SEC via Nasdaq to list a spot Hedera (HBAR) ETF. If approved, the ETF would allow investors to gain exposure to HBAR without managing digital wallets, as the trust directly holds the asset. The filing outlines its structure, custody, and pricing methodology, aligning with SEC regulations
🚨Aux Cayes FinTech Co. Ltd. , one of many OKX affiliates, resolved a U.S. Department of Justice investigation Official info here https://shorturl.at/Mk4Jf
❗OKX settled with the U.S. DOJ, paying over $500 million for operating without a license. While some U.S. users had traded on its platform, no harm was alleged. To strengthen compliance, OKX enhanced its KYC, AML, and monitoring systems and built a financial crime team. The company sees this as a step toward deeper regulatory collaboration and remains committed to secure, transparent crypto trading. Eric Balchunas Senior ETF Analyst for Bloomberg has great info via Twitter/X on this https://rb.gy/92hiyp
🏦US securities regulator closes investigation into Robinhood's crypto arm with no action. The regulator, under President Trump's leadership, has been easing crypto-related regulations, including rescinding key accounting guidance and establishing a task force for clearer regulatory frameworks. Robinhood had previously received a "Wells notice" in May 2023, indicating potential enforcement action, but no charges were ultimately filed.
Industry experts see this as a positive shift toward clearer regulations rather than enforcement-based oversight. The news is expected to boost investor confidence in Robinhood, which recently reported strong Q4 profits due to increased trading activity.
🚨 Two UAE news
⚡ Circle USDC and EURC Become First Stablecoins Recognized by DIFC
⚡ DataVolt in deal to set up AI-ready data centre in Riyadh
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Blockchain DXB: 🔴 25th Feb 🔴 🔻Bitcoin Feb ETFs $1B in Losses 🟥Hedera ETF Under Review 🌏OKX settles with DOJ $500 penalty ✅SEC Is Closing Investigation, with Robinhood

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