Telo News - Crypto | DeFi | Web3

zkSNACKs, the creator of Wasabi Wallet, has banned US users indefinitely following the arrest of the Samourai Wallet founder, and implemented a firewall to block the US IP addresses. ▪ Telegram ▪ X ▪ Community ▪ Source

Franklin Templeton's application to launch an Ethereum spot ETF, "FRANKLIN ETHEREUM TR ETHEREUM ETF," is listed on the DTCC website as part of standard pre-launch procedures. It doesn’t indicate approval yet. ▪ Telegram ▪ X ▪ Community ▪ Source

💌💌💌💌💌 ✔️ This week's crypto market highlights: ⚫ SBF agreed to $1.3m settlement ⚫ X got money transmitter license ⚫ TON network transactions surge over 100% ⚫ SEC delays Franklin spot ETH ETF ⚫ CZ faces potential 36-month jail term ⚫ Hong Kong to launch BTC and ETH ETFs on April 30 ▪ Telegram ▪ X  ▪ Community

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Binance reportedly pointed to a US case where stablecoins weren't labeled securities, backing their stance against the SEC. Though it centered on USDC, it supports Binance's defense of BNB and BUSD. ▪ Telegram ▪ X ▪ Community ▪ Source

Forbes identified 20 "zombie tokens" worth over $1bn each, such as XRP and ADA. Despite their high market value, tokens like XRP had minimal transaction fees last year, indicating limited usage. ▪ Telegram ▪ X ▪ Community ▪ Source

DTCC (Depository Trust & Clearing Corporation) stated that ETFs with cryptocurrencies won't get collateral value and will face a 100% haircut in US securities settlement. ▪ Telegram ▪ X ▪ Community ▪ Source

Republic First Bank in Pennsylvania has collapsed and been seized by regulators, with Fulton Bank taking over its operations. This marks the first US bank failure of the year, with Republic First Bank holding $6bn in deposits. ▪ Telegram ▪ X ▪ Community ▪ Source

US Senator Elizabeth Warren wrote to DOJ, labeling cryptocurrency as the preferred payment method for child exploitation materials. ▪ Telegram ▪ X ▪ Community ▪ Source

China's crypto transaction ban reportedly prevents mainland investors from accessing Hong Kong's Bitcoin and Ether ETFs. ▪ Telegram ▪ X ▪ Community ▪ Source