May 10, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as TON, and RNDR tokens have rallied over 13% in 24 hours.

Video transcript

To and render rally. And Kraken asks a court to dismiss SEC claims. You're watching Coin Desk Bailey, I'm your host, Jen Sani to and render rallied over 13% in 24 hours. Leading crypto markets higher to is the native Cryptocurrency of the open network. And render is the token for decentralized GP U based rendering solution. Render network to's rally seems driven by reports that the highly anticipated launch of the viral telegram based game not coins, native coin not will happened on May 16th. The token will be minted on the open network and render. Cheered Apple's brief mention of render powered 3D design software octane on Tuesday. Since then, the token has risen over 20% to was just below $7 as of 11 a.m. Eastern time and render was at around $11. Ken's lawyers have asked the court to dismiss the S ECs claims against it to avoid a quote, significant reordering of the US financial regulatory structure. That's according to court filings. The SEC initially sued Kracken last November alleging it did not register as a broker clearing house or exchange. This was months after settling charges over Krack and's former service. The exchange argued that cryptocurrencies listed in the S ECs claims should be treated like commodities and not securities. And last month, the SEC filed an opposition that said it's simply not the case that this enforcement action exceeds the authority. Congress granted the regulatory body and Binance and Co Coin have won registration from India's anti money laundering. Regulator, Q coin paid a fine of $41,000 while Binance financial penalty is still yet to be determined. The two exchanges are among nine banned in December and have become the first offshore crypto entities to be registered. The regulator said the registrations will add a little more credibility to the system. That's it for coin desk daily. Get more updates on and we'll see you next time.

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