Here are five news worth noting in the cryptocurrency circle in the past 24 hours:

1. The SEC accused Cumberland DRW of not registering as a securities broker and conducting crypto asset transactions, reflecting its strengthening of supervision in the crypto field.

2. Senator Bill Hagerty proposed a draft stablecoin regulation to clarify the responsibilities of issuers, aiming to support innovation and ensure financial security.

3. Ripple filed a cross-appeal to challenge the securities classification ruling of XRP, further intensifying the legal confrontation with the SEC.

4. Ethena invested $46 million in tokenized assets to enhance the liquidity and transparency of the portfolio.

5. Galaxy Digital received a "buy" rating with a target price of $24, showing its growth potential in the crypto asset field.

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