Circle Welcomes DJ Khaled to 'Team USDC' and Crypto Twitter Is Furious

Nothing in Circle's posts announces a sponsorship, but replies dug up Khaled's 2018 SEC settlement over a crypto fraud he promoted. The internet never forgets.

• Circle, the issuer of USDC, posted a photo of DJ Khaled wearing a Chelsea jersey with 'USDC by Circle' on it, leading to backlash from Crypto Twitter.
• The controversy stems from DJ Khaled's past SEC settlement for promoting an ICO (Centra) without disclosing payment, leading users to accuse Circle of associating with a 'scammer'.
• Despite the backlash, the article suggests this was not a formal sponsorship but a 'cheeky nod' related to Circle's sponsorship of Chelsea FC, and DJ Khaled's past SEC agreement has expired.

Topics: Institutional adoption, Legal regulatory, Asset manager initiatives, Enforcement actions litigation, Securities law classification

Tags: #circle #usdc #djkhaled #cryptotwitter #secsettlement #ico #centra #kimkardashian #ethereummmax #undisclosedpayment

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Ouinex – Getting Retail Out of the Shark Tank - Brave New Coin

Ilies Larbi is the founder and CEO of Ouinex, a multi-asset trading platform built to fuse crypto and traditional markets in a single account while shielding retail traders from the structural disadvantages of conventional order books. A nearly fifteen-year veteran of New York-based forex broker FXCM, where he climbed from sales associate to Managing Director for Europe and a seat on the executive committee, the Paris-based Larbi stepped into crypto in 2022 — late by bull-run standards, as he admits, but with a clear view of the gap he wanted to fill.

• Ouinex, founded by a former FXCM executive, aims to level the playing field for retail traders by offering a multi-asset platform that fuses crypto and traditional markets.
• The platform utilizes a 'no-CLOB' execution model to shield retail orders from institutional high-frequency trading, allowing users to trade crypto, forex, gold, and equities with crypto as collateral.
• Ouinex has raised $9 million from its community, is planning an ICO for its OUIX token, and emphasizes user support and a pragmatic, multi-chain approach to blockchain technology.

Topics: Asset types, Institutional adoption, Scalability, Alternative assets, Onboarding prime brokerage, Retail global adoption

Tags: #ouinex #retailtraders #multiassettrading #crypto #traditionalmarkets #orderbook #forex #gold #equities #ico

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Igloo CEO Luca Netz Says It Has Built a Way to List Tokens on NASDAQ and the NYSE

Netz disclosed the product would be one-to-one with crypto markets and redeemable onchain, structured as a security so protocols can pay revenue back to holders.

• Igloo CEO Luca Netz claims his company has developed a financial instrument to list crypto tokens directly on major stock exchanges like Nasdaq and NYSE.
• This instrument is structured as a security, allowing protocols to distribute revenue directly to token holders, bridging traditional finance and crypto.
• The innovation aims to address limitations of existing vehicles like ETFs and digital asset treasury companies, though regulatory determination is pending.

Topics: Asset types, Institutional adoption, Legal regulatory, Equity, Asset manager initiatives, Securities law classification

Tags: #igloo #lucanetz #nasdaq #nyse #tokenizedsecurities #aave #ipo #ico #goldmansachs #morganstanley

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