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On April 9, BAYC developer Yuga Labs reached a settlement with conceptual artist Ryder Ripps and his business partner Jeremy Cahen regarding a long-standing trademark dispute. According to court documents, both parties have agreed on claims related to the case, although the details of the settlement have not been made public. Ripps is formally prohibited from using Yuga Labs' brand visual elements and trademarks in the future. Yuga filed a lawsuit against Ripps and Cahen in 2022, accusing them of creating a so-called satirical knockoff project using images and ape characters identical to those in the original NFT series. Ripps argued that his RR/BAYC project constituted 'expressive appropriation art' protected by the First Amendment, but in 2023, a federal court ruled that the knockoff tokens could cause confusion in the NFT market, infringing on Yuga's trademark rights, and ordered the two to pay nearly $9 million. The Ninth Circuit Court of Appeals later dismissed most of Ripps' fair use arguments, overturned the fine but confirmed that NFTs are protected under trademark law.

[Yuga Labs Settles Trademark Dispute with Artist Ryder Ripps]On April 9, BAYC developer Yuga Labs reached a settlement with conceptual artist Ryder Ripps and his business partner Jeremy Cahen regarding a long-standing trademark dispute. According to court documents, both parties have agreed on claims related to the case, although the details of the settlement have not been made public. Ripps is formally prohibited from using Yuga Labs' brand visual elements and trademarks in the future. Yuga filed a lawsuit against Ripps and Cahen in 2022, accusing them of creating a so-called satirical knockoff project using images and ape characters identical to those in the original NFT series. Ripps argued that his RR/BAYC project constituted 'expressive appropriation art' protected by the First Amendment, but in 2023, a federal court ruled that the knockoff tokens could cause confusion in the NFT market, infringing on Yuga's trademark rights, and ordered the two to pay nearly $9 million. The Ninth Circuit Court of Appeals later dismissed most of Ripps' fair use arguments, overturned the fine but confirmed that NFTs are protected under trademark law.

Yuga Labs Settles Trademark Dispute with Artist Ryder Ripps

On April 9, on-chain analyst Yu Jin reported that the Ethereum Foundation has sold 3,750 ETH out of its planned sale of 5,000 ETH, amounting to $8.3 million, with an average selling price of $2,214.

[Ethereum Foundation Sells 3,750 ETH of Planned 5,000 ETH, Worth $8.3 Million]On April 9, on-chain analyst Yu Jin reported that the Ethereum Foundation has sold 3,750 ETH out of its planned sale of 5,000 ETH, amounting to $8.3 million, with an average selling price of $2,214.

Ethereum Foundation Sells 3,750 ETH of Planned 5,000 ETH, Worth $8.3 Million

On April 9, The Block reported that BAYC developer Yuga Labs has reached a settlement with conceptual artist Ryder Ripps and his business partner Jeremy Cahen regarding a long-standing trademark dispute. According to court documents, both parties have agreed on claims related to the case, although the details of the settlement have not been disclosed. Ripps is formally prohibited from using Yuga Labs' brand visual elements and trademarks in the future. Yuga filed a lawsuit against Ripps and Cahen in 2022, accusing them of creating a so-called satirical knockoff project using images and ape characters identical to those in the original NFT series. Ripps had argued that his RR/BAYC project constituted 'expressive appropriation art' protected by the First Amendment, but a federal court ruled in 2023 that the knockoff tokens could cause confusion in the NFT market, infringing on Yuga's trademark rights, and ordered the two to pay nearly $9 million. The Ninth Circuit Court of Appeals later dismissed most of Ripps' fair use arguments, overturned the fine ruling but confirmed that NFTs are protected under trademark law.

[Yuga Labs Settles Trademark Dispute with Artist Ryder Ripps]On April 9, The Block reported that BAYC developer Yuga Labs has reached a settlement with conceptual artist Ryder Ripps and his business partner Jeremy Cahen regarding a long-standing trademark dispute. According to court documents, both parties have agreed on claims related to the case, although the details of the settlement have not been disclosed. Ripps is formally prohibited from using Yuga Labs' brand visual elements and trademarks in the future. Yuga filed a lawsuit against Ripps and Cahen in 2022, accusing them of creating a so-called satirical knockoff project using images and ape characters identical to those in the original NFT series. Ripps had argued that his RR/BAYC project constituted 'expressive appropriation art' protected by the First Amendment, but a federal court ruled in 2023 that the knockoff tokens could cause confusion in the NFT market, infringing on Yuga's trademark rights, and ordered the two to pay nearly $9 million. The Ninth Circuit Court of Appeals later dismissed most of Ripps' fair use arguments, overturned the fine ruling but confirmed that NFTs are protected under trademark law.

On April 9, Wednesday, a federal appeals court in Washington, D.C. rejected Anthropic's request for a temporary injunction to prevent the Department of Defense from blacklisting the company, which is currently suing over the sanctions. Previously, a judge in a San Francisco federal court issued a preliminary injunction against the Trump administration's enforcement of a ban on the use of the company's Claude AI model in a related case. The appeals court stated in its ruling: "We believe that the fair balance in this case favors the government. On one hand, the risk of economic loss to a private company is relatively small; on the other hand, during military conflicts, how and by whom the Department of Defense acquires critical AI technology requires judicial oversight. Therefore, we deny Anthropic's motion for a stay pending review of the substantive issues in the case." (CNBC)

[Anthropic Fails to Temporarily Block Pentagon from Blacklisting]On April 9, Wednesday, a federal appeals court in Washington, D.C. rejected Anthropic's request for a temporary injunction to prevent the Department of Defense from blacklisting the company, which is currently suing over the sanctions. Previously, a judge in a San Francisco federal court issued a preliminary injunction against the Trump administration's enforcement of a ban on the use of the company's Claude AI model in a related case. The appeals court stated in its ruling: "We believe that the fair balance in this case favors the government. On one hand, the risk of economic loss to a private company is relatively small; on the other hand, during military conflicts, how and by whom the Department of Defense acquires critical AI technology requires judicial oversight. Therefore, we deny Anthropic's motion for a stay pending review of the substantive issues in the case." (CNBC)

Anthropic Fails to Temporarily Block Pentagon from Blacklisting

On April 9, CoinDesk reported that Morgan Stanley's Bitcoin spot ETF experienced active trading on its first day, with over 1.6 million shares traded and inflows of approximately $34 million. The fee rate is only 0.14%, the lowest among similar products, emphasizing price competitiveness in the market. In addition to the low fee, supported by Morgan Stanley's extensive wealth management network, the MSBT is expected to gain traction as more investors are introduced to Bitcoin through financial advisors. However, there remains uncertainty about whether it can maintain its early momentum in a market dominated by a few large players.

[Morgan Stanley Bitcoin Spot ETF Sees $34 Million in Inflows on First Day]On April 9, CoinDesk reported that Morgan Stanley's Bitcoin spot ETF experienced active trading on its first day, with over 1.6 million shares traded and inflows of approximately $34 million. The fee rate is only 0.14%, the lowest among similar products, emphasizing price competitiveness in the market. In addition to the low fee, supported by Morgan Stanley's extensive wealth management network, the MSBT is expected to gain traction as more investors are introduced to Bitcoin through financial advisors. However, there remains uncertainty about whether it can maintain its early momentum in a market dominated by a few large players.

Morgan Stanley Bitcoin Spot ETF Sees $34 Million in Inflows on First Day

On April 9, the ruling Democratic Party of South Korea proposed the 'Digital Asset Basic Law' this Wednesday, aiming to establish a comprehensive legal framework for the issuance, trading, custody, and supervision of digital assets. The bill categorizes value-associated digital assets, such as stablecoins linked to fiat currency or real assets, as a special category, requiring issuers to obtain authorization and meet strict standards including capital thresholds, reserve plans, and redemption obligations. Additionally, the bill will introduce licensing, registration, and information disclosure systems for digital asset businesses, prohibit market manipulation and insider trading, and propose the establishment of a Digital Asset Committee to coordinate policy.

[South Korea's Ruling Party Proposes 'Digital Asset Basic Law' to Establish Banking-Level Stablecoin Regulatory Framework]On April 9, the ruling Democratic Party of South Korea proposed the 'Digital Asset Basic Law' this Wednesday, aiming to establish a comprehensive legal framework for the issuance, trading, custody, and supervision of digital assets. The bill categorizes value-associated digital assets, such as stablecoins linked to fiat currency or real assets, as a special category, requiring issuers to obtain authorization and meet strict standards including capital thresholds, reserve plans, and redemption obligations. Additionally, the bill will introduce licensing, registration, and information disclosure systems for digital asset businesses, prohibit market manipulation and insider trading, and propose the establishment of a Digital Asset Committee to coordinate policy.

South Korea's Ruling Party Proposes 'Digital Asset Basic Law' to Establish Banking-Level Stablecoin Regulatory Framework

On April 9, Morgan Stanley's spot Bitcoin ETF experienced active trading on its launch day, with over 1.6 million shares traded and approximately $34 million in inflows. The fee rate is only 0.14%, the lowest among similar products, emphasizing its price advantage in market competition. In addition to the low fee rate, supported by Morgan Stanley's extensive wealth management network, the MSBT is expected to gain traction as more investors access Bitcoin through financial advisors. However, there remains uncertainty about whether it can maintain its early momentum in a market dominated by a few large participants.

[Morgan Stanley's Spot Bitcoin ETF Sees $34 Million in Inflows on Launch Day]On April 9, Morgan Stanley's spot Bitcoin ETF experienced active trading on its launch day, with over 1.6 million shares traded and approximately $34 million in inflows. The fee rate is only 0.14%, the lowest among similar products, emphasizing its price advantage in market competition. In addition to the low fee rate, supported by Morgan Stanley's extensive wealth management network, the MSBT is expected to gain traction as more investors access Bitcoin through financial advisors. However, there remains uncertainty about whether it can maintain its early momentum in a market dominated by a few large participants.

Morgan Stanley's Spot Bitcoin ETF Sees $34 Million in Inflows on Launch Day

On April 9, according to SEC filings, Canary Capital has submitted the S-1 registration statement for the Canary PEPE ETF, intending to launch the issuance after the registration becomes effective. Previously, the firm applied for a number of altcoin ETFs, which has led to skepticism from the public that it is merely for hype.

[Canary Capital Submits S-1 Registration Statement for PEPE ETF]On April 9, according to SEC filings, Canary Capital has submitted the S-1 registration statement for the Canary PEPE ETF, intending to launch the issuance after the registration becomes effective. Previously, the firm applied for a number of altcoin ETFs, which has led to skepticism from the public that it is merely for hype.

Canary Capital Submits S-1 Registration Statement for PEPE ETF

On April 9, The Block reported that Canary Capital has submitted an S-1 application to the U.S. Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) that tracks the spot price of the PEPE token. In the filing, Canary stated that PEPE was launched in April 2023, with a total supply of over 420 trillion tokens, and noted that this meme coin has no utility. Last year, Canary also submitted related ETF applications to track the prices of MOG and Pengu.

[Canary Capital Submits Spot PEPE ETF Application to SEC]On April 9, The Block reported that Canary Capital has submitted an S-1 application to the U.S. Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) that tracks the spot price of the PEPE token. In the filing, Canary stated that PEPE was launched in April 2023, with a total supply of over 420 trillion tokens, and noted that this meme coin has no utility. Last year, Canary also submitted related ETF applications to track the prices of MOG and Pengu.

Canary Capital Submits Spot PEPE ETF Application to SEC

&nbsp;according to The Wall Street Journal, Senate Democrats said on Saturday that they would rather let most government agencies shut down than vote for a funding bill that includes immigration enforcement funding. Earlier, another deadly shooting occurred in Minneapolis. Senate Minority Leader and New York Democrat Chuck Schumer said in a statement: "The incident in Minnesota is shocking — it is unacceptable in any American city." He stated that if Homeland Security funding is included, Senate Democrats will not provide the votes needed for the Republican-driven federal agency funding bill.

[US Senate Democrats vow to block Department of Homeland Security funding, raising renewed risk of government shutdown.]&nbsp;according to The Wall Street Journal, Senate Democrats said on Saturday that they would rather let most government agencies shut down than vote for a funding bill that includes immigration enforcement funding. Earlier, another deadly shooting occurred in Minneapolis. Senate Minority Leader and New York Democrat Chuck Schumer said in a statement: "The incident in Minnesota is shocking — it is unacceptable in any American city." He stated that if Homeland Security funding is included, Senate Democrats will not provide the votes needed for the Republican-driven federal agency funding bill.

US Senate Democrats vow to block Department of Homeland Security funding, raising renewed risk of government shutdown.

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