Kraken faces scrutiny as some Mt Gox creditors claim they haven’t received their $BTC repayments. Users report poor communication from Kraken and the Mt Gox trustee. Significant transfers suggest repayments might be imminent, with Arkham Intelligence noting a $2.8B BTC transfer. #CryptoNews
.@Coinbase requests court order for SEC to disclose docs, including SEC Chair Gary Gensler’s emails since 2021. This follows SEC’s earlier denial; Coinbase stresses the need for a robust defense. Outcome may influence future crypto regulations. #CryptoNews #Update
Coinbase urges a NY court to compel the SEC to release documents on Gary Gensler’s crypto regulation talks. This could impact future transparency in crypto regulation. #CryptoNews @coinbase @SECGov #Update
Mt. Gox moves $2.47B in Bitcoin to @Bitstamp as part of creditor repayments. 32,371 BTC worth $2.13B sent to a new address, 5,106 BTC valued at $336.61M to Mt. Gox Cold Wallet. $BTC stable at $66,360. #Update
Kraken begins distributing Bitcoin from the Mt. Gox Trustee, providing relief to creditors nearly 10 years post-hack. Reports indicate crypto balances visible on Kraken. Concerns rise over brute force attacks on accounts. #Bitcoin $BTC #Update
Binance Labs has invested in Pluto Studio, the developer of Telegram-based Web3 game Catizen, to boost its game engine and onboard more developers. Catizen, launched in March, has 25M players on Telegram and 1.5M on-chain gamers. #Web3
Grayscale Investments moved 292,263 ETH ($1.01B) to Coinbase Prime ahead of the Ethereum-ETF launch on July 23, 2024. The ETF is expected to draw $1B monthly. Grayscale also introduced the Ethereum Mini Trust with 0% management fees for 6 months. #CryptoNews
Decentralized exchanges (DEXs) are growing in popularity, but their complex user experience is a barrier to mass adoption. Simplifying DeFi tools can help both new and experienced users. Notable advancements highlight the need for better UX. #Update #Crypto $LTC
Ethereum takes a major step towards mainstream adoption with @binance introducing the Ethereum-ETF in Central and Eastern Europe and Central Asia. This launch boosts Ethereum’s appeal by enhancing liquidity and attracting institutional investments. #CryptoNews #Update $ETH
Base by @Coinbase has launched Support Crypto, enabling crypto donations to U.S. politicians ahead of the Presidential elections. Supporting 240+ assets like $BTC and $ETH, this platform aims to lower fees and streamline contributions. 13 politicians, including Cynthia Lummis, have registered. #Crypto #Update
Bybit, the world’s 2nd largest crypto exchange, saw its user base hit 37M in H1 2024. Key milestones: Bybit Card in Argentina, Google Pay & Apple Pay integration, and advanced security measures. Market share jumped from 8% to 16%. #Crypto #Update
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
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
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
