Justin Sun (@justinsuntron) hints at a major $ETH selloff after moving 1,768 ETH ($5.9M) from Lido and 810 ETH ($2.7M) to Poloniex. ETF outflows, including $98.3M from Spot Ethereum ETFs, add to market instability. #CryptoNews
Ripple (@Ripple) contests the SEC’s $2B fine, proposing a $10M civil penalty instead. CEO Brad Garlinghouse criticizes SEC’s actions, highlighting compliance with XRP token sales rules. The SEC’s fine request is 20x higher than past cases. #CryptoNews
Mt. Gox Trustee transfers $2.25B in Bitcoin to BitGo, part of a $9B creditor repayment plan. With previous transfers to Kraken and Bitstamp, Mt. Gox now holds $3B in Bitcoin. About 17,000 of 20,000 creditors reportedly paid. #CryptoNews
Tether (@Tether_to) reports record $5.2B profit in H1 2024, with $1.3B in Q2, driven by investments in U.S. Treasuries. $USDT’s market cap hits $114B. Regulatory scrutiny continues as @Circle secures Europe’s first stablecoin license. #CryptoNews
Ripple invests $10M in tokenized U.S. Treasury bills on XRP Ledger with Asia’s @OpenEden. This first-of-its-kind move allows XRP holders to access short-term U.S. government debt. Users can mint TBILLs using stablecoins. #CryptoNews
.@CoinbaseDerivs to launch margined futures for $AVAX, $LINK, $DOT, $XLM, and $SHIB on July 15, regulated by the CFTC. This milestone aims to enhance market accessibility and risk management. #CryptoNews
.@JDCom to launch JD Stablecoin, pegged 1:1 to the Hong Kong dollar. Backed by liquid assets in licensed financial institutions, this move highlights Hong Kong’s ambitions as a financial innovation hub. #Stablecoin #Finance
The Bahamas enacts the DARE Act 2024, replacing the 2020 version, enhancing investor protection and promoting responsible innovation post-FTX collapse. New rules include stricter exchange requirements and a pioneering staking framework. #CryptoRegulation
Worldcoin faces insider trading and market manipulation allegations. With only 2.7% of $WLD tokens in circulation and a $22.4B fully diluted market cap, concerns over token dilution rise. Regulatory bans persist due to biometric data issues. #CryptoNews
Senate bill could impact crypto protocols like @AaveAave & @Uniswap due to broad sanctions on foreign digital asset facilitators tied to terrorism. Section 423 allows the Treasury to impose sanctions, affecting $USDT and other tokens. #CryptoRegulation
Tron ($TRX) and Dogwifhat holders join Raboo’s competition for 60,000 tokens. Tron hits $0.14 resistance due to whale activity. Dogwifhat spikes 50%, reaching $2.8B market cap. Raboo’s AI-backed memecoin presale offers 20% bonus. #CryptoNews
South Korea mandates new supervisory fees on crypto exchanges like @UpbitGlobal, @BithumbOfficial, and Coinone under the Virtual Asset User Protection Act. Larger exchanges will pay up to $199,592, while smaller ones face potential struggles. #CryptoRegulation
The SEC revised its lawsuit against @Binance, removing the need to classify certain tokens as securities. This shift may alter digital asset regulations. The SEC’s stance and upcoming elections could impact future crypto laws. #CryptoRegulation
South Korea will impose a $220,000 supervisory fee on domestic crypto exchanges, including @Official_Upbit and @BithumbOfficial, starting next year under the “Virtual Asset User Protection Act.” Exchanges must keep 80% of users’ assets in cold storage. #CryptoRegulation
