🇺🇸⚖️ A U.S. federal court ruled that a lawsuit against Nvidia and CEO Jensen Huang over alleged concealment of crypto mining-related GPU revenue can proceed as a class action.
The lawsuit covers investors between Aug. 10, 2017, and Nov. 15, 2018; plaintiffs claim Nvidia hid over $1 billion in crypto-related GPU sales and recorded them in its gaming segment, impacting its stock price.
The court found Nvidia failed to prove no price impact, with the case moving forward and a hearing set for April 21. The SEC had previously fined Nvidia $5.5 million in 2022 for failing to disclose crypto mining impacts. #regulation
The lawsuit covers investors between Aug. 10, 2017, and Nov. 15, 2018; plaintiffs claim Nvidia hid over $1 billion in crypto-related GPU sales and recorded them in its gaming segment, impacting its stock price.
The court found Nvidia failed to prove no price impact, with the case moving forward and a hearing set for April 21. The SEC had previously fined Nvidia $5.5 million in 2022 for failing to disclose crypto mining impacts. #regulation
💳 Mastercard will become a "network intermediary" between cryptocurrencies and fiat currencies after acquiring BVNK. Mizuho.
🇺🇸🔮 U.S. Representatives Adrian Smith and Nikki Budzinski have introduced a bipartisan bill, the PREDICT Act. This legislation aims to prohibit the president, vice president, members of Congress, and political appointees, along with their spouses and dependents, from participating in prediction markets related to political events, policy decisions, and government actions. The bill proposes a 10% fine on the contract value and the forfeiture of all profits for violations. #regulation
💰 Circle leads Tazapay's funding round, with a total of $36 million raised in Series B.
🤔 #RWA Fannie Mae To Accept Crypto-Backed Mortgages For The First Time
- Fannie Mae to soon accept so-called crypto-backed mortgages for first time
- Better Home & Finance, Coinbase Global to announce new mortgage product
- Better-Coinbase product would allow home buyers to pledge crypto holdings when getting a Fannie-backed mortgage
- Fannie Mae to soon accept so-called crypto-backed mortgages for first time
- Better Home & Finance, Coinbase Global to announce new mortgage product
- Better-Coinbase product would allow home buyers to pledge crypto holdings when getting a Fannie-backed mortgage
🤔 #TON is planning to launch the mainnet Catchain 2.0 in early April 2026. This update to the consensus mechanism will reduce block finalization time from approximately 2.5 seconds to around 200-400 milliseconds.
🇺🇸👀 #macro USA:
- Initial Jobless Claims = 210K (exp 210K / prev 205K)
- Continuing Jobless Claims = 1.819M (exp 1.849M / prev 1.851M)
- Initial Jobless Claims = 210K (exp 210K / prev 205K)
- Continuing Jobless Claims = 1.819M (exp 1.849M / prev 1.851M)
🇸🇬🗽 A Web3 Person's Account: Why I Ultimately Left Singapore
Our three-plus years in Singapore let us deeply feel the city’s convenience, comfort, and safety. The job market is relatively stable, without the frequently mentioned “age 35 crisis” or “age 40 crisis.” However, Singapore’s job market is highly concentrated in certain sectors; if your language and professional background don’t fully match, your career growth can be limited.
Our three-plus years in Singapore let us deeply feel the city’s convenience, comfort, and safety. The job market is relatively stable, without the frequently mentioned “age 35 crisis” or “age 40 crisis.” However, Singapore’s job market is highly concentrated in certain sectors; if your language and professional background don’t fully match, your career growth can be limited.