1h ago
SEC Issues No-Action Letter to Fuse Crypto for FUSE Token Distribution
The U.S. Securities and Exchange Commission's Division of Corporation Finance issued a no-action letter to Fuse Crypto Limited on November 25, 2025, stating it will not recommend enforcement action regarding the company's FUSE token distribution. The regulator determined the token does not qualify as a security under the Howey test, as it functions as an incentive mechanism rewarding sustainable energy participation rather than an investment vehicle. The approval marks the SEC's second no-action letter in recent months for tokens with practical infrastructure applications.
1h ago
3h ago
BitMine Acquires 21,000 ETH Worth $60 Million Amid Market Downturn
BitMine Immersion Technologies purchased 21,000 ETH valued at $60 million, blockchain data show. The acquisition occurred as Ethereum traded near $2,962.26, with the firm now holding unrealized losses estimated at $4 billion following a 30% price decline over the past month. Despite adverse price movement, BitMine is transitioning from passive holding to active yield generation through staking operations.
ETH
ETH+5.22%
3h ago