07:59
Coinbase chief legal officer urges SEC chairman to stop misclassifying crypto tokens as securities
ChainCatcher news, according to Bitcoin.com, Coinbase Chief Legal Officer Paul Grewal recently called on the US SEC Chairman Gary Gensler on the social media platform, asking him to stop mischaracterizing crypto tokens as securities. This request was in response to Gensler's remarks, which emphasized: "According to the interpretation of the US Supreme Court, many of these tokens are legally securities. We follow this law." In response, Grewal said: Please stop misleading the market-tokens are not securities. Although their request was ignored, your own lawyers have admitted this in court. Gensler recently emphasized that although cryptocurrencies account for only a small part of the entire financial market, they have disproportionately contributed to fraud and fraud due to non-compliance with securities laws. He also emphasized the need for proper disclosure in the crypto field, especially in terms of tokens classified as securities, and believed that investors have not received adequate disclosure of information.
07:59
Base Ecosystem NFT Project Onchain Gaias Releases White Paper: NFT Holders Will Be Gained Access to AI Agent System
Golden Finance reported that Onchain Gaias, the NFT project of Base ecosystem, released a white paper, the main contents of which include: 1. OG NFT is practical, and each NFT holder will be granted access to the AI agent system; 2. Players get rewards by training these agents, and computing resources are funded by player transactions; 3. Challenge technology giants through open source artificial intelligence; 4. GAIA can be monetized through platforms such as Armoury Marketplace (Intelligence as a Service) and Foundry Marketplace (Transfer Learning as a Service). Onchain Gaias is an NFT project launched by KOL ciniz on the Warpcast (the front end of Farcaste, a social platform based on Base) platform in March this year. Initially, 8,888 were minted for free, but due to whitelist issues, it was reduced to 5556. The project was released on another OE NFT series called GAIAs (On-chain General Intelligent Agents) on the ZORA platform. The floor price of Gaias on the chain is 0.75 ETH.
07:58
QCP Capital: Bitcoin and Ethereum options implied volatility diverges significantly
PANews reported on May 9 that QCP Capital, a Singapore-based crypto investment institution, said in a statement that in the current flat market, the implied volatility of Bitcoin and Ethereum options has diverged significantly. The implied volatility of Bitcoin options in May has fallen below 50%, while the implied volatility of Ethereum options has been pushed up to nearly 60%. The logical reason for this situation is that the market's expectations for the approval announcement of the Ethereum spot ETF have brought volatility pricing. In terms of capital flows, some large speculators are buying very short-term (less than 2 weeks) Ethereum call and put options with a nominal principal of about 10,000 ETH, trying to capture price breakouts. In addition, some familiar Ethereum call option sellers are buying back a large number of call options expiring at the end of May.