BlockFi sells FTX claims, enabling 100% final distribution to all allowed customer and unsecured creditor claims. Distributions start July 2024 via Coinbase. This marks a major recovery milestone for the crypto industry. #CryptoNews
Mt Gox has moved $2.8B in Bitcoin ($BTC) as part of its creditor repayment plan. The transfers, totaling 47,697 BTC, indicate preparations for repayments. This comes ahead of the Spot Ethereum ETFs launch, sparking market speculation. Current holdings: 90,344 BTC (~$6B). #CryptoNews
The SEC approves spot Ethereum ETFs to start trading on July 23 at 09:30 ET. Analysts predict $5.4B-$15B inflow in 6 months. $ETH was $3480 at announcement. #CryptoNews #Ethereum
Terraform Labs has informed creditors to submit crypto loss claims by Aug 21, 2024, to vote on the Chapter 11 Plan. Claims must be in USD, filed through Epiq’s website or mail. Missing the deadline forfeits vote rights. #CryptoUpdate
? ETHTrustFund allegedly conducts a $2M rug pull, shocking the Base ecosystem. Experts from @PeckShield and users revealed developers siphoned funds and vanished. The stolen assets were laundered via Tornado Cash. This incident highlights ongoing DeFi risks. #CryptoNews ?
Gate.io will cease operations in Japan on July 22, 2024, to comply with local regulations, halting new accounts and assisting users to transition. Their Hong Kong arm, Gate.HK, closed on May 28, 2024. Users must withdraw assets by August 28, 2024. Similarly, OKX is leaving Nigeria by August 16, 2024. #CryptoRegulation
NYSE Arca approves listing of spot Ethereum ETFs from @Grayscale and @BitwiseInvest. This SEC nod marks a milestone, offering regulated Ethereum exposure. #Ethereum #CryptoNews
Gate.io will halt all services in Japan starting July 22, aligning with regional financial laws. The exchange will help users transition assets to compliant platforms. This underscores increasing regulatory scrutiny in global crypto markets. #CryptoRegulation
Marcus Thielen of 10x Research predicts SEC Chair Gary Gensler may resign by early 2025 due to possible political shifts, specifically if Trump wins the presidency. Additionally, Trump’s involvement in the Bitcoin 2024 conference could drive $BTC prices higher. #CryptoNews
Binance has announced significant support for Sam Altman’s Worldcoin, adding it to its P2P platform with trades against several Latin American fiat currencies. Despite this, $WLD fell 5% to $2.39, though trading volume rose 20% to $236.13M. #CryptoNews
Capgemini predicts autonomous AI agents capable of communication and collaboration will emerge by 2025, boosting efficiency across sectors. 82% of companies plan to adopt these agents within 2 years, as the use of generative AI rises from 6% in 2023 to 24% in 2024. #AI
NYSE Arca has approved listing and trading of spot Ethereum ETFs from @Grayscale and @BitwiseInvest. This SEC approval allows regulated investment in Ethereum without owning the cryptocurrency. The move aims to make Ethereum accessible to traditional investors, potentially boosting mainstream adoption. #EthereumETF
Bitcoin ($BTC) has decoupled from the S&P 500, surging amidst U.S. policy changes and market turbulence. Michael Saylor notes BTC’s 55% gain since Aug 2020, outperforming the S&P 500 and Nasdaq. This positions BTC as a potential safe-haven asset. #CryptoNews
Ripple vs. SEC: Former SEC lawyer Marc Fagel says no evidence of settlement; expects final judgment in weeks. $XRP hits $0.63 amid positive developments and surging Asian trading volumes. Options traders eye $0.70. Verdict on penalties likely by late July/August. #CryptoNews
