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Coinbase argues stocks, Terraform Labs and Howey in 5-hour SEC face-off

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District Judge Katherine Polk Failla heard arguments from attorneys for the SEC and Coinbase for five hours on Jan. 17. Cointelegraph has a rundown of the hottest topics.

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Coin Market

WLFI drops 14% as controversial token unlock goes to vote

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The proposal to unlock more than 62 billion WLFI tokens over four to five years has 99.95% approval but is still facing backlash on X. 

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Twenty One Capital rises on proposed merger with Strike and Elektron

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Tether proposed that Elektron founder and CEO Raphael Zagury serve as president of the proposed merged company, while Strike’s Jack Mallers would also serve in an executive role.

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US, UAE and China joint effort dismantles 9 crypto scam centers

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In another police action, European police arrested ten people and took down three scam centers, estimated to have stolen over $58 million from victims around the world.

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