The @SECGov has returned S-1 forms to Ethereum-ETF issuers for revisions, delaying the potential launch until after July 8, 2024. This rigorous review aims to meet regulatory standards, potentially boosting institutional investment and mainstream adoption of $ETH. #CryptoNews
Judge Amy Berman Jackson allows the SEC’s lawsuit against @binance to proceed, upholding charges on ICO, BNB sales, and staking services, while dismissing others. New IRS rules for crypto brokers start in 2026. #CryptoRegulation
Ripple CTO David Schwartz supports @Consensys amid SEC lawsuit over unregistered securities sales through MetaMask. Schwartz argues MetaMask profits are independent of Consensys efforts, challenging SEC claims. Judge Amy Berman Jackson’s rulings impact ongoing cases. #CryptoNews
VanEck named @Coinbase as an additional custodian for its HODL Bitcoin ETF, enhancing security with Coinbase’s cold storage. VanEck also filed for a Solana ETF, aiming for the first U.S. launch. #Crypto
Former President Donald Trump, now a crypto advocate, could ignite a historic bull run if he wins the 2024 election. Backed by crypto billionaires like @winklevoss, his stance contrasts with Biden’s skepticism, reflecting a growing pro-crypto sentiment. #CryptoNews
Ripple Labs faces regulatory challenges in the U.S., with ongoing disputes with the SEC, contrasting positive European developments. CEO Brad Garlinghouse criticizes U.S. crypto laws for stifling innovation, while welcoming the EU’s MiCA for its clarity. #CryptoNews
21Shares files for a spot Solana ETF, following 3iQ’s application on the Toronto Stock Exchange. Growing interest in $SOL reflects its strong institutional appeal. #CryptoNews #Solana
The SEC has sued @Consensys, claiming its MetaMask platform operates as an unregistered securities broker. The lawsuit alleges MetaMask facilitated over 36M crypto transactions, earning $250M in fees. Consensys argues the SEC is overreaching. #CryptoNews
Coinbase seeks CFTC approval to offer altcoin futures, including $SHIB and $AVA, by July 15. This move aims to diversify its offerings and attract institutional investors by ensuring a regulated environment. #CryptoNews
Hong Kong’s SFC flags three crypto firms—Tokencan, VBIT Exchange, and HKD.com Corporation—for alleged fraud and unlicensed operations. The SFC has alerted the police to block their websites and social media pages to protect investors. #CryptoRegulation
Crypto industry lost $572.7M in Q2 2024 due to hacks and scams, with centralized finance platforms being prime targets. Major incidents: $305M hack of DMM Bitcoin and $55M loss for BtcTurk. Ethereum hit hardest. Only 5% recovered. #CryptoSecurity
Ethereum ($ETH) holds at $3,455 with potential SEC ETF approval. VanEck’s filing suggests trading may start on July 2. Analysts predict a bullish breakout, possibly reaching $10K. Strong institutional interest mirrors Bitcoin’s. #CryptoNews
Nigeria’s SEC projects the cryptocurrency market to hit $52.5M by 2028, with 33% of the population using digital assets. This surge benefits the unbanked and emphasizes Nigeria’s crypto leadership. Regulatory challenges remain, but balanced rules aim for a safer market. #CryptoNews
Investment firm @VanEck_US filed for a spot Solana ETF with the SEC, despite risks like concentrated $SOL ownership and network outages. Solana’s price surged to $150, reflecting market optimism. #CryptoNews
