News

ChainCatcher news, DWF co-founder Andrei Grachev posted on platform X stating that a project has contacted us and we have supported and repurchased (or referring to HIPPO), while another token is under consideration. Andrei Grachev said "Fck bears and make crypto great again! LFG!" and attached a market performance comparison chart of the Hippo project with another anonymous project.

PANews reported on April 5th, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has issued new rules clarifying that certain stablecoins do not fall within the scope of securities and can be exempted from transaction reporting obligations. Some analysts believe that the stablecoins covered by the US SEC may not include Tether's stablecoin because related statements indicate that acceptable reserves for stablecoins do not include precious metals or other crypto assets, both of which are included in Tether's reserves. In addition, the US SEC also requires any token to be convertible into dollars at any time, but Tether's terms of service imply there may be a minimum amount conversion or delayed conversion situation.