WuBlockchain Weekly：Coinbase got a Wells Notice、Arbitrum airdrop、Do Kwon's arrest and Top10 News
Top10 News 1. Coinbase’s weekly summary a. Coinbase offered $3B backstop to Circle in bid to stabilize USDC link According to Fortune, Coinbase provided an instant credit line of about $3 billion to Circle after the bankruptcy of SVB to ensure that the USDC can be converted into US dollars on Monday morning. b. Coinbase requests SEC to clarify staking services as software services link On March 21, Coinbase submitted a comment letter to the SEC, explaining that its staking services are not a security issuance, but rather a software service, and that every branch of its core staking service fails the Howey Test. Coinbase requested that the SEC clarify the fact that staking services are not securities. c. Coinbase said it got a Wells Notice from the US SEC link On March 23, Coinbase said it got a Wells Notice from the US SEC, about an undefined portion of Coinbase listed digital assets and staking service Coinbase Earn, Coinbase Prime, Coinbase Wallet. Coinbase said it will not change cu...