Day: June 27, 2024

Coinbase Accuses U.S. SEC, FDIC of Improperly Blocking Document Requests on ETH

“We asked the SEC for documents about closed investigations to shed light on how the SEC views its newfound, sweeping (and unlawful) authority,” Coinbase Chief Legal Officer Paul Grewal said in a post on X (formerly Twitter). “One of those investigations, which only recently closed, focused on ETH, which the SEC publicly announced is not a security in 2018. And the other investigations have been closed for years. But the SEC stonewalled our requests.” Source

Why Is The Bitcoin Price Down Today?

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The Bitcoin price is in a decline once more, after seeing some recovery on Wednesday due to the turnaround in the Spot Bitcoin ETFs net flows. However, just one day later, it seems the pioneer cryptocurrency has resumed the downtrend and this decline after the recovery has begun a worrying trend. So, what are the factors that are driving this decline? Bitcoin Price Suffers From Sell-Offs One of the major factors that have been behind the Bitcoin decline is the major sell-offs that have rocked the digital asset. These sell-offs…

Kaspa (KAS) Climbs 18% As Bitcoin Mining Giant Goes All In

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Marathon Makes A Move Into The Kaspaverse On Wednesday, June 26th, Marathon Digital, a behemoth in Bitcoin mining, sent ripples through the crypto market by revealing they had begun mining Kaspa. This strategic move signifies a potential diversification of their revenue stream, venturing beyond the well-trodden path of Bitcoin. Kaspa, a fellow proof-of-work cryptocurrency, boasts a unique advantage: speed. With a current value of a little over $15 million, Marathon has mined close to 94 million KAS thus far. #Kaspa has clearly broken through the 18 cent barrier and is…

Vaneck Seeks SEC Approval for Solana-Based ETF

In a significant expansion of its cryptocurrency offerings, Vaneck has announced the filing of the first U.S. exchange-traded fund (ETF) focused on Solana. This move marks a strategic enhancement of Vaneck’s digital asset products, according to Matthew Sigel, head of digital asset research. Vaneck’s New ETF to Offer Direct Exposure to Solana’s SOL Token Vaneck‘s […] Source CryptoX Portal

Kaspa is beating Solana, Bitcoin, XRP as it nears key price

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Kaspa price has recovered and is slowly nearing its highest point this year as other cryptocurrencies remain under pressure. KAS has risen for four straight days and was trading at $0.18, up 32% from its lowest level this month.  Kaspa has outperformed most large-cap cryptocurrencies in the second quarter. Notably, Bitcoin, Ethereum, Solana, and Ripple’s XRP have dropped by 12.5%, 4.35%, 22%, and 25%, respectively.  Kaspa vs Bitcoin vs Ethereum vs Solana vs XRP Kaspa’s rebound coincided with its open interest in the futures market rising for seven straight days…

EU’s Restrictive Stablecoin Rules Take Effect on June 30, Issuers Are Running Out of Time

“Tether has engaged extensively with its exchange counterparties in Europe regarding the requirements, including those pertaining to the ongoing listing of USDT and other Tether tokens, and the interpretation of key regulatory provision,” said Paolo Ardoino, Tether’s CEO, in a statement. “While Tether is optimistic about MiCA’s implementation, it remains crucial that stablecoin regulatory policies enacted are balanced, protect consumers, and nurture growth in our emerging industry.” Source

Bitcoin (BTC) Donation of More Than $500K Received by Assange

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Protocol Village: Crypto Losses From Hacks, Rug Pulls Doubled to $572M in Q2: Immunefi Report

June 27: Rebar Labs, building “MEV-aware infrastructure, products and research” for Bitcoin, has raised $2.9 million in seed funding, according to the team: “Led by 6th Man Ventures, with participation from ParaFi Capital, Arca, Moonrock Capital and UTXO Management, the company aims to address MEV challenges in Bitcoin’s expanding ecosystem. As new protocols like BRC-20s, Runes, L2s and rollups emerge, MEV strategies similar to early Ethereum DeFi are appearing on Bitcoin. Rebar Labs is developing solutions to ensure fair value distribution, enable efficient markets and improve user and miner experiences…