Coinbase has taken legal action against the U.S. Securities and Exchange Commission (SEC).

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This week, Cardano (ADA) experienced the most significant surge among larger-cap altcoins, gaining over 10% in value overnight. Also, after a brief period of moving south and trading in the vicinity of or below the $41,000 mark, Bitcoin (BTC) bulls reemerged, propelling the asset beyond $43,000. As of the time of this writing, BTC is trading at just over $42,600.

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In a notable security incident, unidentified malicious actors targeted Ledger, a widely-used hardware wallet provider, with the intention of exploiting their LedgerConnect kit.

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In September, Invesco entered the cryptocurrency ETF competition by introducing the Invesco Galaxy Ethereum ETF in collaboration with Galaxy Digital Funds. Notably, this particular ETF was designed to directly hold Ethereum as opposed to Bitcoin.

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Senator Elizabeth Warren is advocating for a legislative measure that many view as detrimental to the American public. Known for her criticism of both cryptocurrency and many major banks, she has presented a bill, termed the Digital Asset Anti-Money Laundering Act, aimed at addressing the alleged involvement of crypto in illicit financial activities.

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China has recently introduced RealDID, a blockchain-based initiative aimed at verifying the identities of its 1.4 billion citizens. The move comes amid global apprehensions and heightened security and regulatory measures by the United States.

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On behalf of the Web3 community, we would like to extend our warmest congratulations to the companies that announced their success in fundraising between 5th December and 11th December 2023. We are thrilled to see such tremendous support from all involved. Well done!  

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