Several notable events occurred this week in the world of cryptocurrency. It starts with Grayscale's dispute with the SEC, continues with new stablecoins, and the renewed interest in NFTs.
Grayscale vs SEC on ETF
Grayscale's attorneys pushed back against the US SEC's delay in approving their Digital Large Cap ETF. They argue that the SEC's action violates the established approval or disapproval deadline and conflicts with accepted procedures.
Creation of the stablecoin with Binance support
According to Bloomberg, cryptocurrency exchange Binance helped create the code for a stablecoin issued by World Liberty Financial. The stablecoin USD1 was launched on March 4. Binance's involvement includes not only creation but also the promotion of this asset.
Snoop Dogg's NFT collection sells out in 30 minutes
A collection of nearly one million NFTs from American rapper Snoop Dogg sold out in just 30 minutes. The sales revenue amounted to $12 million. This collection was inspired by Snoop Dogg's style and includes a variety of items, from vintage cars to digital dogs.
The week has been eventful for the cryptocurrency community: from legal disputes and new projects to significant NFT sales. These events highlight the dynamic development of the industry.
