ChainCatcher news, Fox Business reporter Eleanor Terrett posted on X that in the latest developments of the SEC lawsuit against Binance, the crypto industry has achieved a significant victory in terms of clarity regarding the sale of digital assets in the secondary market.Judge Amy Berman Jackson stated, "......the government's reliance on the assertion that 'crypto assets are manifestations of investment contracts,' as well as its arguments during the hearing regarding the technical nature, platform interdependence, and the performance of each token, are insufficient to categorically include the secondary sale of BNB within the scope of investment contracts.Moreover, this agreement is somewhat inconsistent with the singular theory that the government has been advancing since the filing of the lawsuit: we are not saying these tokens are securities—what we are discussing is investment contracts."Earlier today, it was reported that a federal judge dismissed part of the SEC's lawsuit against Binance and its founder CZ, but allowed other charges to proceed, including those against Binance.US.Later on Friday, Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia ruled that the SEC's claims against Binance regarding its ICO, BNB, BNB Vault, staking services, and unregistered and fraudulent charges can continue. She granted the motions of Binance and CZ, dismissing the charges related to secondary BNB sales and Simple Earn.

ChainCatcher news, according to finbold, FTX plans to sell approximately $100 million worth of cryptocurrency each week. This plan has not yet been finalized due to potential intervention from the SEC or other regulatory agencies.FTX currently holds about 10% of the total supply of SOL, valued at over $3.3 billion. Additionally, it holds BTC worth $742 million, ETH worth approximately $226 million, APT worth about $180 million, and XRP worth approximately $143 million.

ChainCatcher news, according to CNBC, the outflow of savings from Silicon Valley Bank is outpacing its process of raising funds through asset sales. According to previously announced terms, Silicon Valley Bank plans to sell $1.25 billion in common stock and an additional $500 million in convertible preferred stock. Silicon Valley Bank also announced an agreement with investment firm General Atlantic to sell $500 million in common stock, although this agreement will depend on the completion of another common stock issuance.However, the outflow of savings from the group's subsidiary, Silicon Valley Bank, is outpacing its process of raising funds through asset sales. Rising interest rates, concerns about an economic recession, and a slowdown in the IPO process have made it more difficult for startups to raise additional cash, leading these companies to withdraw large amounts of their deposits from banks like Silicon Valley Bank. However, Wall Street analysts say that the issues at Silicon Valley Bank are unlikely to spread widely throughout the banking system. (Source link)

ChainCatcher news, according to Coindesk, Genesis Global Holdco has announced the latest details regarding its sale plan with Genesis Global Trading. According to court documents, DCG will transfer its equity in Genesis Global Trading to Genesis Global Holdco to advance the sale and restructuring process of both companies.It is reported that an important point in the sales process is the "equityization" of Genesis assets, which has been jointly agreed upon by Genesis, GGC creditors, special committee advisors, and DCG. According to the explanation in the court documents, "equityization" refers to the situation where, if the sales process fails to sell all or most of Genesis's assets, a restructuring will occur under the revised plan, and GGC creditors will receive all equity (100% of GGH's equity post-restructuring, subject to dilution from the management incentive plan), which may be implemented after approval from the bankruptcy court. (CoinDesk)