Texas court issues judgment against Bancor DAO after it ignored summons
A Texas federal judge has entered a default judgment against Bancor DAO, which operated the decentralized finance platform Bancor, after it failed to respond to an online summons. Judge Robert Pitman issued the judgment after Bancor DAO did not appear to defend itself following a summons that was posted on the DAO’s forum in January 2024.“Defendant Bancor DAO has failed to answer or otherwise defend itself within the time allowed, and that plaintiffs have demonstrated that failure,” wrote district court clerk Philip Delvin on March 13.The class action involves investors who claim they lost tens of millions of dollars due to the exchange’s failure to warn about liquidity issues during a 2022 withdrawal spike.Clerk’s entry of default against Bancor. Source: Law360According to the plaintiffs, who filed the suit in May 2023, Bancor deceived investors about its impermanent loss protection mechanism for liquidity providers and also claimed its token was an unregistered security. They said Bancor’s ILP operated at a deficit and tried to cover by launching a new product, v3, which promised “some of the most competitive returns anywhere […] without asking users to take on any risk.”Impermanent losses occur within DeFi automated market maker models when liquidity providers deposit assets into a pool, and one of the tokens loses value against another in the pool. Bancor paused impermanent loss protection, citing “hostile” market conditions in June 2022.The plaintiffs also argued that Bancor DAO is an “unincorporated general partnership” consisting of vBNT tokenholders and could be sued in that capacity, according to Law360.The case was previously dismissed entirely because the protocol developers were not based in the United States, but was reopened in December.The plaintiffs said that the DeFi platform “does not appear to be registered in any jurisdiction and has no physical office location, mailing address, officers, directors, or appointed agents.”Bancor is an onchain liquidity protocol that enables automated, decentralized exchange across blockchains. It has $38 million in total value locked, a figure that is down 98% since its peak in May 2021, according to DeFillama.Related: Lawsuits could be catastrophic for DAOs if denied ‘limited liability’The ruling follows precedent from a similar case where the Commodity Futures Trading Commission won a default judgment against Ooki DAO.A California federal judge also ruled in November that DAOs and their governing members can be sued in cases involving unregistered securities.Magazine: Mystery celeb memecoin scam factory, HK firm dumps Bitcoin: Asia Express
Changpeng Zhao denies reports of a Binance.US deal, defends Trump
Former Binance CEO Changpeng “CZ” Zhao has recently been at the center of controversy after a Wall Street Journal report claimed that he was seeking a federal pardon from US President Donald Trump. However, CZ has come out to deny these claims and defend himself against the accusations.
In a post on March 13, CZ stated that he has had no discussions regarding a business deal between the Trump family and Binance.US. He also refuted the claims that he was seeking a presidential pardon from Trump, which could potentially allow him to take on a management role at Binance.
CZ further explained that as a former felon, he would not mind a pardon, especially since he was the only person in US history to be sentenced to prison for a single BSA (Bank Secrecy Act) charge. He believes that the Wall Street Journal article was motivated by an attack on both the President and the crypto industry, and that the remnants of the “war on crypto” from the previous administration are still at work.
The controversy surrounding CZ and his alleged involvement with the Trump family has caused quite a stir in the crypto community. Many have expressed their support for CZ and believe that the accusations are unfounded and politically motivated.
This is not the first time CZ has faced criticism and backlash. As the former CEO of Binance, he has been at the forefront of the crypto industry and has faced numerous challenges and controversies. However, he has always remained resilient and has continued to lead Binance to become one of the largest and most successful cryptocurrency exchanges in the world.
As this is a developing story, more information will be added as it becomes available. In the meantime, CZ and Binance will continue to focus on their mission of making cryptocurrency accessible and mainstream.
Web3’s UX problem — and how to fix it, feat. Ponder One
The latest episode of Hashing It Out dives into one of Web3’s most persistent challenges: usability. Host Elisha Owusu Akyaw speaks with Moe El-Shibib and Selim Sezgin, co-founders of Ponder One, about the hurdles preventing mainstream adoption and the technologies that could make blockchain interactions seamless for everyday users.The UX RoadblockWeb3 continues to grow, but usability remains a major barrier. Many users struggle with onboarding, navigating DeFi platforms and managing assets across multiple chains. In the interview, Sezgin highlights that technical innovation has outpaced user experience, making blockchain interactions complex for newcomers.“While technical innovation has been a driving force, usability and accessibility remain pain points… Our whole goal is to simplify Web3 and make it as usable as possible.”To address this, the discussion explores AI-driven solutions that simplify blockchain transactions. AI can automate swaps, bridging and decision-making, reducing the need for technical knowledge. Related: Web3 businesses can outsmart crypto scams before they strike — Here’s howCrosschain functionality is also a key focus, ensuring users can interact seamlessly across blockchains without manually switching networks.Decentralization vs usability in governanceDecentralized governance also plays a significant role in shaping Web3 applications. The Ponder One team emphasizes the importance of community-driven decisions, allowing users to vote on integrations and protocol developments. However, governance structures must balance decentralization with efficiency to remain effective.Looking ahead, the industry is moving toward real-world assets (RWAs), AI-driven applications and enhanced accessibility to DeFi. As innovation progresses, broader adoption will hinge on simplifying blockchain technology for users.This episode touches on key insights into Web3’s current challenges and future developments, highlighting the need for a simplified and more accessible blockchain ecosystem.Listen to the full episode of Hashing It Out on Cointelegraph’s podcast page, Spotify, Apple Podcasts or your podcast platform of choice. And don’t forget to check out Cointelegraph’s full lineup of other shows.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
Bybit CEO on ‘brutal’ $4M Hyperliquid loss: Lower leverage as positions grow
The recent $4 million loss suffered by decentralized exchange (DEX) Hyperliquid has sparked a conversation about the risks and challenges faced by both centralized and decentralized exchanges. The incident, which involved an Ether whale’s high-leverage trade, highlights the need for risk management measures in the crypto industry.
On March 12, a crypto investor used 50x leverage on the Hyperliquid DEX to turn $10 million into a $270 million ETH long position. However, when the trader tried to exit the position, they were unable to do so without tanking their own position. As a result, the Hyperliquidity Pool (HLP) was left to bear a $4 million loss.
Hyperliquid clarified that this was not a protocol exploit or a hack, but rather a result of the trader withdrawing collateral and offloading assets without triggering a self-inflicted price drop. Smart contract auditor Three Sigma described the trade as a “brutal game of liquidity mechanics.”
In response to the incident, Hyperliquid has lowered its leverage trading for Bitcoin and Ethereum, increasing the maintenance margin requirements for larger positions. Bybit CEO Ben Zhou commented on the trade, noting that centralized exchanges also face similar challenges and that their liquidation engine takes over whale positions when they get liquidated.
Zhou suggested a more dynamic risk limit mechanism that reduces the overall leverage as the position grows. He also emphasized the need for risk management measures such as surveillance and monitoring to spot market manipulators on the same level as a centralized exchange.
The incident has also had a significant impact on Hyperliquid’s assets under management, with a net outflow of $166 million on the day of the trade. This highlights the importance of risk management and the potential consequences of high-leverage trading.
The incident serves as a reminder that while decentralized exchanges offer many benefits, they also come with their own set of risks. As the crypto industry continues to grow and evolve, it is crucial for both centralized and decentralized exchanges to implement effective risk management measures to protect their users and assets.
Crypto trader gets sandwich attacked in stablecoin swap, loses $215K
A crypto trader fell victim to a sandwich attack while making a $220,764 stablecoin transfer on March 12 — losing almost 98% of its value to a Maximum Extractable Value (MEV) bot.$220,764 worth of the USD Coin (USDC) stablecoin was swapped to $5,271 of Tether (USDT) in eight seconds as the MEV bot successfully front-ran the transaction, banking over $215,500.Data from Ethereum block explorer shows the MEV attack occurred on decentralized exchange Uniswap v3’s USDC-USDT liquidity pool, where $19.8 million worth of value is locked.Details of the sandwich attack transaction. Source: EtherscanThe MEV bot front-ran the transaction by swapping all the USDC liquidity out of the Uniswap v3 USDC-USDT pool and then put it back in after the transaction was executed, according to founder of The DeFi Report Michael Nadeau.The attacker tipped Ethereum block builder “bob-the-builder.eth” $200,000 from the $220,764 swap and profited $8,000 themselves, Nadeau said.DeFi researcher “DeFiac” speculates the same trader using different wallets has fallen victim to a total of six sandwich attacks, citing “internal tools.” They pointed out that all funds traveled from borrowing and lending protocol Aave before being deposited on Uniswap.Two of the wallets fell victim to an MEV bot sandwich attack on March 12 at around 9:00 am UTC. Ethereum wallet addresses “0xDDe…42a6D” and “0x999…1D215” were sandwich attacked for $138,838 and $128,003 in transactions that occurred three to four minutes earlier.Both transactors made the same swap in the Uniswap v3 liquidity pool as the trader who made the $220,762 transfer. Others speculate the trades could be attempts at money laundering.“If you have NK illicit funds you could construct a very mev-able tx, then privately send it to a mev bot and have them arb it in a bundle,” said founder of crypto data dashboard DefiLlama, 0xngmi.“That way you wash all the money with close to 0 losses.” Related: THORChain at crossroads: Decentralization clashes with illicit activityWhile initially criticizing Uniswap, Nadeau later acknowledged that the transactions didn’t come from Uniswap’s front end, which has MEV protection and default slippage settings.Nadeau backtracked on those criticisms after Uniswap CEO Hayden Adams and others clarified the protections Uniswap has in place to fight against sandwich attacks.Source: Hayden AdamsMagazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
Will Ethereum price bottom at $1.6K?
Ethereum’s native token, Ether (ETH), dropped below $2,000 on March 10, and the altcoin has struggled to regain a position above the psychological level. While Bitcoin (BTC) and XRP (XRP) exhibited minor recoveries over the past 24 hours, Ether prices failed to display bullish momentum in the charts. The altcoin plummeted to a multi-year low of $1,752 on March 11. However, onchain data and technical analysis indicate that the price could drop an additional 15% in the coming weeks. Ethereum dips below realized price after 2 yearsThe current price deviation below $2,000 carried onchain implications for the altcoin. According to Glassnode, a data analytics platform, ETH dropped below its realized price of $2,054 for the first time since February 2023. Ethereum realized price and MVRV. Source: X.comETH realized price calculates the average price of each ETH last moved, representing the average cost basis of the total circulating supply. The current drop below the realized price indicates widespread unrealized loss for all ETH holders. The market value to realized value (MVRV) ratio also dropped to 0.93, indicating a 7% average loss for all ETH holders across the network. However, it is important to note that the realized price reflects the weighted average of all historical transactions. Hence, it encompasses the cost basis of every ETH holder, not a specific timeframe like 2023 to 2025.Ethereum’s TVL chart. Source: DefiLlamaMeanwhile, Ethereum’s total value locked (TVL) dropped to a six-month low of $45.6 billion on March 12, down 41% from its peak of $77 billion on Dec. 17, 2024.Additionally, the total fees users paid to use Ethereum fell to $46.28 million—the lowest level since July 2020—further signaling weakening network engagement.Related: Starknet to settle on Bitcoin and Ethereum to unify the chainsEther price between $1.6K-$1.9K is “attractive”In a recent X post, Glassnode explained how Ethereum’s cost-basis distribution could be useful in identifying potential support levels for ETH. Based on a weekly outlook, Ether’s recent drop below $1,880 led to an accumulation of 600,000-700,000 ETH around $1,900. The post states, “This suggests $1.9K could establish itself as a support if $ETH consolidates at current levels. Above spot, $2.2K (465K $ETH) is the potential next resistance. The supply gap between $1.9K and $2.2K remains thin, making a short-term move towards resistance plausible.”Ethereum weekly analysis by Ninja. Source: X.comAt the same time, anonymous analyst Ninja believes that the floor price for Ethereum remains between $1,600 and $1,900. The trader added that the above range is an “attractive region for commercial money” and set a high swing target at $2,500. Related: Bitcoin whales hint at $80K ‘market rebound’ as Binance inflows coolThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Price analysis 3/12: BTC, ETH, XRP, BNB, SOL, ADA, DOGE, PI, LEO, HBAR
Bitcoin (BTC) bounced from $76,606 on March 11, but the bulls could not sustain the price above $84,500 on March 12. Nansen principal research analyst Aurelie Barthere told Cointelegraph that Bitcoin is in a macro correction in a bull market, with the next crucial level being “$71,000-$72,000, top of the pre-election trading range.”Glassnode also projected a similar target in its March 11 market report. The onchain analytics firm said the recent sell-off had been triggered by the short-term holders who may have purchased near the peak in January. Glassnode added that Bitcoin could bottom out near $70,000 if selling persists.Crypto market data daily view. Source: Coin360It is not only the crypto markets; even the US stock market has been under pressure in the past few days. However, a silver lining for the bulls is that the US Dollar Index (DXY) has corrected from its multi-year high above 110 to under 104. Bitcoin generally moves in inverse correlation with the dollar, suggesting that a bottom may be around the corner.Could Bitcoin retest the support at $76,606 or rise above $85,000? What are the important support and resistance levels to watch out for in altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin broke below the $78,258 level on March 10 and fell to $76,606 on March 11, but the bears could not sustain the lower levels. This suggests solid buying by the bulls.BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe relief rally is facing selling near the 20-day exponential moving average ($87,262), but a minor positive in favor of the bulls is that the relative strength index (RSI) is showing a positive divergence. Buyers will have to drive the price above the 20-day EMA to suggest that the correction could be ending. The BTC/USDT pair may then ascend to the 50-day simple moving average ($94,654).On the downside, the bulls are expected to defend the $73,777 level with all their might because a break below it may sink the pair to $67,000.Ether price analysisEther (ETH) fell below the $1,993 support on March 9 and extended the decline, reaching $1,754 on March 11.ETH/USDT daily chart. Source: Cointelegraph/TradingViewThe bulls are trying to start a recovery, which is expected to face significant resistance at the breakdown level of $2,111. If the price turns down sharply from $2,111, it will signal that the bears have flipped the level into resistance. That heightens the risk of a break below $1,754. The ETH/USDT pair may then slump to $1,500.Conversely, a break above the 20-day EMA ($2,235) suggests that the markets have rejected the break below $2,111. The pair may then climb to $2,800, where the bears are expected to step in.XRP price analysisXRP (XRP) fell below the $2 support on March 11, but the bears could not sustain the lower levels, as seen from the long tail on the candlestick.XRP/USDT daily chart. Source: Cointelegraph/TradingViewThe bears are trying to stall the recovery at the 20-day EMA ($2.35). If the price continues lower, the possibility of a break below $2 increases. If that happens, the XRP/USDT pair will complete a bearish head-and-shoulders pattern. There is minor support at $1.77, but if the level cracks, the decline could extend to $1.28.Contrary to this assumption, if the price breaks above the 20-day EMA, the pair could rise to the 50-day SMA ($2.58) and later to $3. BNB price analysisBNB (BNB) turned up from $507 on March 11, indicating that the bulls are aggressively defending the $500 to $460 support zone.BNB/USDT daily chart. Source: Cointelegraph/TradingViewThe relief rally is expected to face selling at the 20-day EMA ($592). If the price turns down sharply from the 20-day EMA, the bears will try to sink the BNB/USDT pair below $500. The pair may drop to $460 if they can pull it off.Instead, if the price rises above the 20-day EMA, it will signal that the pair may remain inside the $460 to $745 range for a while longer. The bulls will be back in the driver’s seat on a break and close above the 50-day SMA ($628).Solana price analysisSolana (SOL) turned up from $112 on March 11, signaling that the bulls are fiercely defending the $110 support.SOL/USDT daily chart. Source: Cointelegraph/TradingViewThe RSI shows early signs of forming a positive divergence, indicating that the bearish momentum could weaken. The first sign of strength will be a break and close above the 20-day EMA ($145). If the price turns down from the current level or the 20-day EMA, it suggests that every minor rally is being sold into. That increases the risk of a break below $110. The SOL/USDT pair could tumble to $98 and subsequently to $80.Cardano price analysisCardano (ADA) rebounded off the uptrend line on March 11, suggesting that the bulls are trying to stop the decline.ADA/USDT daily chart. Source: Cointelegraph/TradingViewThe bears are unlikely to give up easily and are expected to sell at the moving averages. If the price turns down from the moving averages, it will signal selling on rallies. The bears will then try to strengthen their position by pulling the price below the uptrend line. If they do that, the ADA/USDT pair could drop to $0.60 and then to $0.50.Contrary to this assumption, a break and close above the moving averages suggests that the bulls are back in the game. The pair may then rally to $1.02.Dogecoin price analysisDogecoin (DOGE) continued its slide and reached the $0.14 support on March 11. The bulls are trying to defend the level but may face selling at higher levels.DOGE/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns down from the 20-day EMA ($0.20), it will suggest that the sentiment remains negative and traders are selling on rallies. That increases the risk of a break below $0.14. The DOGE/USDT pair may descend to $0.10 if that happens.Related: Here’s what happened in crypto todayOn the contrary, a break and close above the 20-day EMA suggests that the bears are losing their grip. The pair could climb to the 50-day SMA ($0.25), which may pose a solid challenge again.Pi price analysisPi (PI) is taking support at the 61.8% Fibonacci retracement level of $1.20, indicating buying at lower levels.PI/USDT daily chart. Source: Cointelegraph/TradingViewThe relief rally is expected to face resistance at the 20-day EMA ($1.69) and then again at $2. If the price turns down from the overhead resistance, the PI/USDT pair could range between $2 and $1.20 for some time.A break and close above $2 suggests that the correction may be over. The pair could rally to $2.40. Alternatively, a break and close below $1.20 could sink the pair to the 78.6% retracement level of $0.72.UNUS SED LEO price analysisUNUS SED LEO (LEO) has been consolidating just below the $10 level for several days, indicating that the bulls are holding on to their positions as they anticipate another leg higher.LEO/USD daily chart. Source: Cointelegraph/TradingViewThe LEO/USD pair has formed an ascending triangle pattern, which will complete on a break and close above $10. If that happens, the pair could resume the uptrend toward the target objective of $12.04.This positive view will be invalidated in the near term if the price turns down and breaks below the uptrend line. That will negate the bullish setup, starting a drop to $8.84 and later to $8.30.Hedera price analysisHedera (HBAR) bounced off the $0.17 support on March 11, indicating that the bulls are aggressively defending the level.HBAR/USDT daily chart. Source: Cointelegraph/TradingViewThe recovery is facing selling at the 20-day EMA ($0.22), as seen from the long wick on the candlestick. If the price continues lower, the bears will make one more attempt to sink the HBAR/USDT pair below $0.17. If they succeed, the pair could plunge to $0.12.Contrarily, a break above the 20-day EMA suggests that the selling pressure is reducing. The pair could rise to the downtrend line, which is an important level to watch out for. If buyers push the price above the downtrend line, the pair could rally to $0.29.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Crypto whale liquidated for $308M in leveraged Ether trade
A large cryptocurrency trader, known as a whale, lost more than $308 million on a leveraged Ether position, underscoring the risks of leveraged trading during volatile market conditions.The unknown crypto trader was liquidated on their 50x leveraged long position for over 160,234 Ether (ETH), worth more than $308 million at the time of writing, Hypurrscan data shows.Leveraged positions use borrowed money to increase the size of an investment, which can boost the size of both gains and losses, making leveraged trading riskier compared to regular investment positions.The crypto trader’s address showing transactions. Source: Hypurrscan The crypto whale opened the initial 50x leveraged position when ETH traded at $1,900, with a liquidation price of $1,877.Source: Lookonchain According to onchain intelligence firm Lookonchain, the whale had rotated all of his Bitcoin (BTC) holdings into the leveraged Ether trade before suffering the liquidation.The liquidation came during a period of heightened volatility, as both crypto and traditional markets are limited by global trade war concerns due to the latest retaliatory tariffs from the European Union. Related: Bitcoin reserve backlash signals unrealistic industry expectationsEther risks correction to $1,800 amid tariff fears, ETF outflowsEther’s price has fallen by more than 53% since it began its downtrend on Dec. 16, 2024, after it had peaked above $4,100.ETH/USD, 1-day chart, downtrend. Source: Cointelegraph/ TradingView The main reasons behind Ether’s downtrend are the ongoing macroeconomic concerns and lack of builder activity on the Ethereum network, according to Bitfinex analysts.“A lack of new projects or builders moving to ETH, primarily due to high operating fees, is likely the principal reason behind the lackluster performance of ETH. […] We believe that for ETH, $1,800 will be a strong level to watch,” the analysts told Cointelegraph.Related: Deutsche Boerse to launch Bitcoin, Ether institutional custody: Report“However, the current sell-off is not being seen solely in ETH, we have seen a marketwide correction as fears over the impact of tariffs hit all risk assets,” they added.The US spot Ether exchange-traded funds (ETFs) are also limiting Ether’s upside.Total spot Ether ETF net inflow. Source: SosovalueUS spot Ether ETFs have entered a fourth consecutive week of net negative outflows, after seeing over $119 million worth of cumulative outflows during the previous week, Sosovalue data shows.Magazine: Ethereum L2s will be interoperable ‘within months’: Complete guide
EU retaliatory tariffs threaten Bitcoin correction to $75K — Analysts
The European Union’s recent announcement of retaliatory tariffs has sparked concerns among crypto analysts about potential volatility in Bitcoin prices. The EU plans to impose counter-tariffs on $28 billion worth of US goods, in response to President Donald Trump’s decision to impose tariffs on steel and aluminum imports.
This move has raised fears of a renewed trade war and its impact on the global economy, which could also affect the cryptocurrency market. Some analysts predict that Bitcoin prices may drop below the critical support level of $75,000, while others believe it may rebound due to the high demand for stablecoins and real-world assets.
However, import tariffs are not the only factor influencing Bitcoin’s price. According to Ryan Lee, chief analyst at Bitget Research, wider economic conditions and factors such as institutional adoption and regulatory updates also play a role in the cryptocurrency’s resilience.
Despite the uncertainty caused by trade tariffs, some analysts see a temporary retracement in Bitcoin prices as part of a larger bull market cycle. They believe that the current correction may lead to a stronger rally in the future.
The EU’s retaliatory tariffs will take effect on April 13, while Trump’s increased tariffs on Canadian cars will come into effect on April 2. This ongoing trade tariff uncertainty may limit both traditional and cryptocurrency markets until a resolution is reached.
In the meantime, investors and traders are advised to closely monitor the situation and its impact on the markets. While some analysts believe that the recent tariff announcements may have a limited impact, others warn that the noise surrounding trade policies could continue until negotiations are finalized.
In conclusion, while the EU’s retaliatory tariffs may cause short-term volatility in Bitcoin prices, the cryptocurrency’s long-term prospects remain strong. With increasing institutional adoption and high utility, Bitcoin is proving to be a resilient asset in the face of global economic uncertainty.
SEC delays decision on XRP, Solana, Litecoin, Dogecoin ETFs
The US Securities and Exchange Commission has delayed its decision to approve several XRP, Solana, Litecoin and Dogecoin exchange-traded funds.In a slew of filings on March 11, the agency said it has “designated a longer period” to decide on the proposed rule changes that would allow the ETFs to proceed.Among the affected ETFs are Grayscale’s XRP (XRP) and Cboe BZX Exchange’s spot Solana (SOL) ETF filings, with the decisions on them pushed until May.The SEC has delayed making a decision to approve several altcoin ETFs. Source: SECBloomberg ETF analyst James Seyffart said in a March 11 X post that while the SEC just “punted on a bunch of altcoin ETF filings,” he didn’t see it as a cause for concern. “It’s expected, as this is standard procedure.” He added that US President Donald Trump’s pick to chair the SEC, Paul Atkins, “hasn’t even been confirmed yet.”“This doesn’t change our (relatively high) odds of approval. Also note that the final deadlines aren’t until October,” Seyffart said.Source: Samuel MaverickFellow Bloomberg ETF analyst Eric Balchunas also chimed in, saying that “everything [is] delayed,” including ETFs featuring Ether (ETH) staking and in-kind redemptions.Un early December, Trump picked pro-crypto businessman and former SEC Commissioner Atkins to be the agency’s next chair. However, congressional confirmation hearings are yet to be scheduled.This is not the first time the SEC has extended an ETF decision deadline. On Feb. 28, it extended the deadline for Cboe Exchange’s request to list options tied to Ether (ETH) ETFs.This followed the SEC receiving a raft of altcoin ETF filings in the wake of Trump’s election and the resignation of former SEC Chair Gary Gensler.Related: Altcoin ETFs are coming, but demand may be limited: AnalystsGensler’s time at the SEC came with what the industry said was an aggressive regulatory stance toward crypto, with 100 crypto-related regulatory actions during his tenure from 2021 until his resignation on Jan. 20.Since Gensler’s departure, a growing number of firms facing legal action from the regulator have had their cases dismissed, including crypto exchange Gemini on Feb. 26 and crypto trading firm Cumberland DRW on March 4.Meanwhile, acting SEC Chairman Mark Uyeda has also proposed abandoning part of a rule change that would have expanded regulation of alternative trading systems to include crypto firms.Magazine: SEC’s U-turn on crypto leaves key questions unanswered