• The US Securities and Exchange Commission (SEC) has declared FTX’s FTT exchange token to be a security.
• Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have plead guilty to criminal fraud charges related to FTX’s collapse.
• Twitter has integrated cryptocurrency prices into search results using a plug-in from charting platform TradingView.

The US Securities and Exchange Commission (SEC) has issued a complaint that FTX’s FTT exchange token can be classified as a security. The SEC stated that the token was sold as an investment contract, and as such, would benefit holders of FTT equally and in direct proportion to their FTT holdings. This move is likely to have a wide-reaching impact on the cryptocurrency industry.

Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have plead guilty to criminal fraud charges related to FTX’s collapse. The SEC and Commodity Futures Trading Commission have also announced charges against the two, claiming that Ellison manipulated the price of FTT. The two are currently cooperating with the investigations being conducted by the US Attorney for the Southern District of New York.

Twitter has taken another step into the cryptocurrency world by integrating cryptocurrency prices into its search results. The integration was made possible through a plug-in from the charting platform TradingView. Now, users can type in crypto or stock tickers into the search bar to generate the current value and a price chart. The result also includes a link to the trading app Robinhood. This is yet another move that the social media giant has made regarding the crypto industry, following the tipping feature they introduced in September 2021. Since then, Twitter has been taken over by Elon Musk, and it looks like they are continuing to invest in the crypto space.

The chart of the day (from Glassnode) shows the number of daily active bitcoin addresses since January 2020. This chart has been steadily increasing, showing that more and more people are becoming interested in bitcoin and the cryptocurrency industry.

Overall, the SEC’s move to declare FTT a security and the other developments involving Twitter show that the cryptocurrency industry is continuing to gain traction and recognition. As the industry continues to grow, it will be interesting to see what other moves are made by large companies such as Twitter and the SEC.

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