OpenSea, a leading NFT marketplace, has been served a Wells notice by the U.S. Securities and Exchange Commission (SEC) for allegedly trading unregistered securities. CEO Finzer has stated that the company plans to contest the SEC's actions, describing them as 'regulation by enforcement.' This development comes amid a broader crackdown on crypto platforms by the SEC. Additionally, Pavel Durov, CEO of Telegram, has been arrested, which has led to significant disruptions in the TON token economy, wiping $5.13 billion from its market cap over 68 days. The fallout from Durov's arrest is being closely monitored, and there are questions about how Ethereum will react to these regulatory pressures.