3-17
Mastercard agrees to buy stablecoin infrastructure provider BVNK for up to $1.8 billion
Mastercard said Tuesday it signed a definitive agreement to acquire stablecoin infrastructure firm BVNK for up to $1.8 billion, including $300 million in contingent payments. The company said the deal is designed to connect onchain payment rails with its global fiat network and support use cases such as remittances, payouts, and B2B and P2P transfers. Mastercard added the transaction is subject to regulatory approval and is expected to close before year-end.
BTC
BTC+0.63%
3-17
3-17
OpenSea postpones $SEA token launch, sets 0% fees for 60 days from March 31
OpenSea CEO Devin Finzer said the company is delaying the anticipated $SEA token launch, which many in the NFT community had expected on March 30, citing challenging market conditions. OpenSea will respond by setting trading fees to 0% for 60 days starting March 31, refunding fees for trades made during Rewards Waves 3–6 (in exchange for forfeiting “Treasures” points), and ending the “Waves” rewards system in favor of a clearer timeline.
BTC
BTC+0.63%
3-17
3-17
OpenSea Postpones SEA Token Debut, Cancels March 30 Event and Cuts Fees
OpenSea CEO Devin Finzer said the SEA token debut planned for March 30 has been delayed due to difficult crypto market conditions. From March 31, OpenSea will set token trading fees to zero for 60 days and will end the current rewards wave as its final phase. The company will also offer an optional refund of certain fees from rewards waves 3–6, with different treatment for users' Treasures at the future TGE.
NFT
NFT+0.57%
3-17
3-17
Beba and DeFi Education Fund withdraw SEC airdrop lawsuit, preserving right to refile
Texas-based apparel firm Beba and the DeFi Education Fund have asked a federal court in Texas to voluntarily dismiss their 2024 pre-enforcement suit challenging the SEC's approach to token airdrops. The filing was made without prejudice, allowing the plaintiffs to revive the same claims later, and it points to the SEC Crypto Task Force's work plus remarks by Commissioner Hester Peirce, including a May suggestion that an exemption framework for airdrops is being considered.
BTC
BTC+0.63%
3-17
3-17
SEC asks for public input on whether OTC Rule 15c2-11 should cover crypto assets
The US Securities and Exchange Commission is proposing to amend Rule 15c2-11 so OTC broker-dealer quoting requirements apply only to "equity securities", reversing a 2021 interpretation that extended the rule to fixed-income markets. It also opened a 60-day comment window to gather views on how "equity security" should be defined and whether certain crypto assets could fall within the rule's scope.
BTC
BTC+0.63%
3-17
3-17
OpenSea delays SEA token launch originally set for March 30 amid tough market
OpenSea has pushed back the launch of its SEA token, which had been planned for March 30, after CEO Devin Finzer said crypto market conditions are "challenging" and the release is not yet ready. The company said there is no revised launch date, and its Waves rewards program will end while eligible users from Waves 3–6 can request fee refunds in exchange for forfeiting Treasure Chest rewards.
BTC
BTC+0.63%
3-17