PANews reported on January 18th that Genius, an on-chain trading platform powered by YZi Labs, announced on the X platform that the distribution of Genius Dynamic Points will be suspended starting at 8:30 AM (UTC+8) on January 18th. It will transition to a retroactive points system, with further details to be announced soon. All points earned through trading will remain in user accounts. The first round of retroactive distribution will begin at 4 PM Eastern Time on January 19th, and the airdrop white paper will be released on January 18th.
Previously, it was reported that YZi Labs invested tens of millions of dollars in Genius Trading, and CZ joined as an advisor.

The Securities and Exchange Commission has approved standards that could speed up spot crypto ETF approvals, as each application would not been to be assessed individually. The US Securities and Exchange Commission has approved a set of listing standards for commodity-based trust shares, opening the door for digital asset listings without requiring individual approvals. The decision, detailed in SEC filings on stock exchanges like the Nasdaq, NYSE Arca, and Cboe BZX, on Wednesday, would streamlines the process under Rule 6c-11, significantly reducing approval timelines, which have taken several months in the past. “By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets,” SEC Chair Paul Atkins said in a separate statement.It comes as spot ETF applications for the likes of Solana (SOL), XRP (XRP), Litecoin (LTC) and Dogecoin (DOGE) await official approval.The SEC was facing deadlines from October onwards to decide on those cases, in addition to a handful of others.This is a developing story, and further information will be added as it becomes available.Read more

