In today's crypto news, the SEC and CFTC have issued a joint statement acknowledging that current laws allow for regulated exchanges to list spot crypto products, including those with leverage. This follows recommendations from the President’s Working Group on Digital Asset Markets aimed at fostering blockchain innovation in the US. Additionally, Japanese Bitcoin investment firm Metaplanet received shareholder approval for a restructuring plan enabling up to $3.7 billion in Bitcoin fundraising, introducing a dual-class preferred stock system to attract a diverse investor base. On a more concerning note, August saw significant losses from hacks totaling $163 million across multiple attacks, with crypto hackers increasingly targeting high-value projects. Notably, both Bitcoin and Ether reached new all-time highs in August, crossing $124,000 and $4,946 respectively, which may have contributed to the heightened risk for investors.

Source 🔗