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DeFi lobby drops airdrop lawsuit against SEC, citing crypto shift

The DeFi Education Fund has dropped its lawsuit against the U.S. Securities and Exchange Commission (SEC) regarding the agency's airdrop policy. The decision comes as the crypto landscape evolves, with a growing focus on regulatory clarity and compliance. The fund initially sought to challenge the SEC's stance on airdrops, arguing that they should not be classified as securities. However, the changing dynamics in the cryptocurrency market and ongoing discussions with regulators influenced the decision to withdraw the lawsuit. The move reflects a broader trend of adapting to regulatory developments in the DeFi space.

Read the full article: Coin Telegraph

Here’s what happened in crypto today

On October 3, 2023, Bitcoin's price experienced a significant drop, falling below $26,000 amid broader market volatility. Ethereum also saw a decline, with its value dipping to around $1,600. The overall cryptocurrency market capitalization decreased to approximately $1.05 trillion, reflecting a bearish sentiment among investors.

Ethereum down 35% versus Bitcoin in a year: Will the ETH price downtrend continue?

Ethereum has experienced a significant decline, falling 35% against Bitcoin over the past year. Analysts are questioning whether this downtrend will persist, as various factors, including market sentiment and macroeconomic conditions, influence Ethereum's performance. Despite the downturn, some experts believe that Ethereum's fundamentals, such as its

Saylor signals another Bitcoin buy, after hinting at selling in Q1 earnings call

Michael Saylor, co-founder of MicroStrategy, indicated that the company may make another Bitcoin purchase following his earlier comments during the Q1 earnings call, where he suggested the possibility of selling some Bitcoin holdings. Despite the hint at selling, Saylor reaffirmed his long-term bullish stance on Bitcoin, emphasizing its potential as

Bored Ape NFTs are finally making a comeback as crypto traders rediscover their appetite for risk

Bored Ape NFTs are experiencing a resurgence as crypto traders are increasingly willing to take on risk in the market. After a period of decline, interest in these digital collectibles has been rekindled, leading to a rise in sales and prices. Factors contributing to this comeback include a broader recovery

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Here’s what happened in crypto today

Ethereum down 35% versus Bitcoin in a year: Will the ETH price downtrend continue?

Saylor signals another Bitcoin buy, after hinting at selling in Q1 earnings call

Bored Ape NFTs are finally making a comeback as crypto traders rediscover their appetite for risk