Governance

Top tech news stories today: July 1, 2024

Crypto 1. US SEC sues blockchain software technology company Consensys The SEC sued Consensys for failing to register as a broker through its MetaMask swaps service and for unregistered securities sales via its crypto staking programs. The complaint, filed in Brooklyn, alleges Consensys earned over …

AuthorSylvia Shen

Reading Time4 min

PublishedJuly 1, 2024

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Headline

Context

The SEC sued Consensys for failing to register as a broker through its MetaMask swaps service and for unregistered securities sales via its crypto staking programs. The complaint, filed in Brooklyn, alleges Consensys earned over $250 million in fees unregistered. ( Reuters ) 21Shares filed to launch a Solana ETF, following VanEck’s similar move. Both await SEC approval, which previously okayed spot bitcoin ETFs. The CBOE must also approve the listing. Solana’s price surged 9.4% following the filings. ( Aol. )

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Analysis

HubSpot is investigating a cybersecurity incident identified on June 22, where hackers targeted under 50 customer accounts. As of 1600 ET Friday, no new hacks were reported in the past 24 hours. The company is working to secure affected accounts and assess the breach’s impact. ( The Economic Times ) Premium EV maker BeyonCa, backed by Renault and Dongfeng Motor, announced plans to establish a final assembly plant and international headquarters in Hong Kong, creating the city’s first car brand. ( Automotive News Europe ) Apple added support for Rich Communication Services (RCS) in Messages with iOS 18 beta, enhancing interactions with Android users. ( Tech Crunch ) Boeing announced an all-stock deal to buy back Spirit AeroSystems, valued at $8.3 billion including debt, to enhance safety and quality control. The acquisition, expected to close in mid-2025, aims to align production systems. ( CNBC )