Headlines

▌The US SEC has officially issued an electronic subpoena to Justin Sun

According to U.S. court documents, the U.S. Securities and Exchange Commission (SEC) has formally issued an electronic subpoena to Justin Sun, the founder of TRON and a member of Huobi’s global advisory board, accusing him of allegedly illegally selling securities, defrauding and manipulating the market.

As previously reported, the SEC stated in a previous press release that it is suing Justin Sun, the Tron Foundation, the BitTorrent Foundation, and BitTorrent (now known as Rainberry) for selling Tron (TRX) and BitTorrent (BTT) Tokens, describing them as unregistered crypto asset securities. The SEC also accused Justin Sun of fraudulently manipulating the secondary market for TRX.

▌eToro Announces Crypto, Stock Trading Integration With Twitter

Twitter will give users the option to buy and sell stocks and other assets from eToro. The new feature will allow users to view market charts on an expanded range of financial instruments and buy and sell stocks and other assets from eToro

Currently, it’s already possible to view real-time trading data from TradingView on index funds like the S&P 500 and shares of some companies such as Tesla. With the eToro partnership, Twitter cashtags will be expanded to cover far more instruments and asset classes, an eToro spokesperson told CNBC.

Blockchain Application

▌Mastercard has launched a collection of polygon-based NFTs as part of its Web3 accelerator.

At the NFT NYC conference this week, Mastercard debuted a free Music Pass NFT drop, offering collectors a chance to mint them for free until the end of April.

NFT holders have been promised access to features such as an AI-powered music generator app, as well as educational material and an opportunity to win access to a live concert in June.

Mastercard has previously released a collectible NFT with football coach Jose Mourinho, and has made customisable debit cards in partnership with polygon and Hi, a Web3 startup.

Cryptocurrency

▌US House Financial Services Committee Chairman again requested that the SEC provide records related to the arrest of SBF

The leadership of the U.S. House Financial Services Committee was not satisfied with the response of SEC Chairman Gary Gensler to their request for documents.

They contacted the SEC chairman again in a sharply worded letter. Committee Chairman Patrick McHenry and Rep. Bill Huizenga, Chairman of the Subcommittee on Oversight and Investigations, wrote to Gensler on February 10 requesting records and communications between the SEC Enforcement Division, the Office of the Chairman, and the Department of Justice (DOJ) regarding the former FTX CEO SBF charges and arrest times. Planned to appear before the Financial Services Commission but was unable to testify due to arrest.

The SEC missed its deadline to file the required documents, thus blocking the Commission's work. Additionally, SEC staff provided 232 pages of documents, which are publicly available, but did not respond to requests.

▌Report: Gamers in Asia are predicted to make up the vast majority of the Web3 gaming market

According to a new DappRadar study conducted in conjunction with Japanese crypto firm Pacific Meta, Asia’s gamers will likely make up 80 per cent of all Web3 gamers.

The study also found that while Asia has strict restrictions on games, it is also home to 55 per cent of the global gaming population, with 1.7 billion players. Among these players, there was also a strong preference for roleplay games, such as Final Fantasy, Phantasy Star Online, and Genshin Impact.

There was also a strong interest in Free-to-Play games, with 773 out of 1030 players saying that it was an important feature for them.