Sushi Summar Drama: VCs Dumping Tokens & Counter-Proposing Premium Buy to Get Their Hands on Millions of SUSHI

Popular decentralized finance  project Sushi is now aiming to attract institutional investors, a growing trend in the DeFi sector as seen with Compound Finance’s fixed 4% interest rate feature and Aave launching Aave Pro. But Sushi thrives in drama, and after a controversial beginning this summer, we have yet another spectacle. “To onboard institutional investors,” […]

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AMC Drops 25% in 7 Days, but Retail Says It’s Buying the Dip

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Having apes covering its back, AMC stock swiftly recovers. Pincered between new viral fears and animus toward short-sellers, the meme stock gained another, unexpected bullish supporter. Did Adam Aaron’s Canceling of New Shares Trigger […]

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Binance Stops Selling ‘Stocks Tokens’ After Hong Kong SEC Issues a Warning

The Securities and Futures Commission (SEC) of Hong Kong issued a warning on Friday against the leading cryptocurrency exchange, saying Binance is not licensed to sell “stock tokens” in the city. Previously, other regulators have also raised concerns about Binance selling tokenized stocks, including Germany. Tokenized stocks are digital assets that are backed by the […]

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US Rep, Tom Emmer, Reintroduces Bill Aimed At Defining Cryptocurrencies Under Securities Act

The United States Representative Tom Emmer has again introduced a bipartisan bill called the Securities Clarity Act. The bill is aimed at defining how federal regulators treat digital assets under securities laws. Crypto Bill Gets Democratic Co-Sponsors Backing Emmer first introduced the bill in September 2020, but it didn’t pass the Democrat-controlled House. The bill […]

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Square, Processor of $112 Billion+ in 2020, Announces New Firm to Bring DeFi to Bitcoin

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. In a recent Twitter thread, Jack Dorsey, CEO of both Square and Twitter, revealed his intentions to build an open developer platform primarily focused on Bitcoin. Looking from a broad perspective, this could mean […]

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