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This time the SEC hits the crypto exchange Kraken over a possible violation of the Securities Act. Incoming CEO Dave Ripley has refused to delist tokens determined as securities under the Howey test and is now having troubles with the SEC. This case may be settled in the coming days and will make a decisive difference for the entire crypto community. It is also rumored that the SEC intends to ban retail staking. Genesis and Gemini keep their fingers crossed, as they have already stepped into Kraken's shoes once before.

The charismatic founder of BitMEX has revealed his vision for the market. Spoiler: he moves liquid fiat money from treasury bills to cash and intends to invest it all in high-risk assets (bitcoin and other crypto, of course). Key takeaways from Arthur Hayes' post: 📌 S&P500 is up 40% in 3 months; 📌 Fed balance sheet will drop $100 billion every month; 📌 The market will get an extra $500 billion out of the Treasury General Account (TGA), which will accelerate inflation; 📌 When the money runs out (sometime in July), Congress will vote to increase the debt ceiling; 📌 The market will end up flooded with unbacked debt liabilities; 📌 The world's banks will be forced to resort to printing more money (this process has already begun). "The party has begun!", Arthur concludes.

The Dubai Virtual Assets Regulatory Authority (VARA) has changed its virtual asset circulation rules. A significant change was the prohibition on so-called privacy coins such as ZCash and Monero. Organizations operating within the local jurisdiction are also prohibited from issuing and promoting this type of cryptocurrency. Well, you can't really blame a major cryptocurrency hub like Dubai for that. They provide transparency and demand it in return.

Balance CEO Ric Burton says Uniswap founder Hayden Adams, who he once considered to be his closest friend, has fooled him. According to Burton, he invested a lot of effort to take Uniswap to the market. He paid for developer services, paid for Adams' rent, dipped into Balance's money to cover his expenses. Burton was sure that Hayden would include him in the Uniswap round for this help. But he never became the co-founder of Uniswap. And now, when his $25,000 would be worth $18 million, he has brought this story public. Of course, it's not about the money. It's all about justice.