Notable news in the last 24 hours (17/12) BTC: 41,986 USD | ETH: 2,220 USD | Total market cap: 1,550 billion USD 1️⃣ The Venom Foundation has just made an important announcement. Specifically, according to the announcement, Venom Foundation will officially separate itself from ADGM – Abu Dhabi Global Market International Financial Center. Accordingly, Venom Foundation will not continue to operate under ADGM. The organization also reminded that it has no plans to issue tokens and that any current token issuance announcements are fake. Notably, Venom Foundation is the first Layer-1 blockchain established, licensed, and regulated by Abu Dhabi Global Market (ADGM), and Iceberg Capital, an investment institution also under ADGM. 2️⃣ The SEC is officially sued by a cryptocurrency exchange. The famous cryptocurrency exchange Coinbase has officially filed a lawsuit against the US Securities and Exchange Commission (SEC) for refusing to implement its new rules from 2022. In its petition for review, Coinbase argued that the SEC's denial was "an abuse of right and a violation of the Administrative Procedure Act." 3️⃣ Two early Ethereum investors announced the opening of a $100 million fund. Recently, Konstantin Lomashuk and Vasiliy Shapovalov, two first-generation investors in Ethereum, decided to restart the operations of the cyber investment firm. Fund with a total investment of up to 100 million USD. On the official Twitter page, cyber. The fund announced that the $100 million fund will be used for both existing portfolios and new projects. The company's goal is to accelerate economic transformation through innovative technologies such as blockchain, artificial intelligence (AI), robotics, and related technologies. 4️⃣ Another blockchain is congested because of the Ordinals "trend". Arbitrum (ARB), a layer-2 blockchain on Ethereum, announced that all systems were working properly after the wave of Ordinals triggered a series of transactions, thereby causing the blockchain to be congested for about an hour and a half. In its latest announcement, Arbitrum said in an update that gas prices online have stabilized, with all activity now "back to normal." They are continuing to gather more information and will provide a full report in the coming days.

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