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SEC’s Crypto Enforcement Chief Departs After 9 Years
[Jun 17 5:16 PM] The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against…
Crypto Analyst Predicts XRP Price Will Rally 102,590% To $500, But There’s A Catch
[Jun 17 5:00 PM] A crypto analyst has revealed a timeframe for XRP, the native token of the XRP Ledger (XRPL) to witness a substantial 102,590% rally. If this price surge occurs, XRP’s current modest value could skyrocket to an impressive $500 during this bullish…
JPMorgan Questions Sustainability of $12 Billion Crypto Inflows
[Jun 17 4:11 PM] JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been…
TON Blockchain’s TVL Skyrockets 100% In Record Time, Analysts Bullish On Next Price Targets
[Jun 17 4:00 PM] Toncoin, the native cryptocurrency of The Open Network (TON) blockchain, has recently experienced notable price appreciation and rapid growth in its ecosystem. After a period of consolidation between $1 and $2 since 2022, TON’s price has…
Venezuela Likely to Keep Using Crypto to Bypass New Set of US Sanctions
[Jun 17 3:18 PM] According to Venezuelan dissidents and cryptocurrency analysts, the government of Venezuela is likely to keep using crypto to bypass the returning sanctions on oil and gold activities. Even when Nicolas Maduro’s administration seems to have…
CoinShares: Altcoins Defy Trends As Bitcoin Faces $600M in Outflows – What’s Next?
[Jun 17 3:00 PM] The Bitcoin market has witnessed significant shifts recently, influenced by macroeconomic factors and changing investor sentiments. Last week, digital asset investment products saw substantial outflows, which CoinShares attributed to several key…
US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says
[Jun 17 2:16 PM] As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The…
US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit
Coinbase International announces support for pre-launch market
[Jun 17 1:00 PM] Users will be able to trade futures of soon-to-be-listed tokens and coins on the exchange.
Digital Asset Funds Witness Major Shake-up Amid Fed’s Hawkish Stance: Coinshares
[Jun 17 11:35 AM] Digital asset investment products have seen substantial outflows totaling $600 million, marking the most significant withdrawal since March 22, 2024. According to Coinshares and lead researcher James Butterfill, this exodus is attributed to a…
Cumberland Earns Bitlicense, Bolstering Institutional and OTC Crypto Services
[Jun 17 10:45 AM] According to an X post on Monday, the cryptocurrency trading division of DRW Holdings, known as Cumberland, has been granted a Bitlicense by the New York State Department of Financial Services (NYDFS). Cumberland DRW Secures Bitlicense Cumberland…
Bitcoin’s New Normal: Prices Over Five-Digits for 28% of Its Lifetime
[Jun 17 9:35 AM] Over the past week, bitcoin has declined by 4% against the U.S. dollar from June 9 to June 16, 2024, yet it has surged over 152% in the past year. This year, bitcoin has maintained a position above the $60,000 mark for a record-setting 107 days so…
Australian Securities Exchange Gives Its First Approval of a Spot Bitcoin Listing to VanEck
[Jun 17 8:36 AM] The Australian Securities Exchange (ASX), which accounts for 90% of Australia’s equity market, has approved its first spot-bitcoin {BTC} exchange-traded fund (ETF), according to a blog from the issuer VanEck.
Crypto Economy Shrinks, Over 3 Dozen Coins Record Double-Digit Losses
[Jun 17 8:35 AM] While the crypto market experienced a general decline, with bitcoin dropping 5.6% and ethereum falling 4.4%, roughly six crypto tokens managed to stand out over the past week. Weekly Crypto Report: Bitcoin and Ethereum Drop, Numerous Tokens See…
U.S. SEC's Crypto Enforcer David Hirsch Quits
[Jun 17 7:26 AM] David Hirsch, a senior member of the U.S. Securities and Exchange Commission crypto oversight unit has left the organization, he posted on LinkedIn on Monday.
Ethereum Technical Analysis: ETH Faces Mixed Signals Amid Short-Term Downtrend
[Jun 17 7:22 AM] On June 17, 2024, ethereum is priced at $3,521, fluctuating between $3,495 and $3,645 over the past 24 hours. Ethereum On the 1-hour chart, ethereum’s (ETH) recent high is $3,652, and the low is $3,484. The trend has been bearish following…
Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies
[Jun 17 2:55 AM] The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies.
How to generate passive income with cryptocurrency airdrops
[Jun 17 2:17 AM] Hunting for crypto airdrop opportunities and cashing in on airdrop rewards can be a thrilling way to bag some extra coins, but beware, not every “drop” is gold.
Polkadot (DOT) Struggles Near $6.30 – Is Now The Time To Accumulate?
[Jun 17 12:30 AM] Technical indicators are casting a shadow over Polkadot, the blockchain interoperability stalwart. The token has dipped below the Ichimoku Cloud, signaling a clear downtrend. Adding to the bearish outlook, both the conversion line and the baseline…
Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate
SEC Chair Gary Gensler Envisions US Spot Ether ETFs Launching This Summer
[Jun 16 5:16 PM] U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which…
Former House Speaker Paul Ryan: Stablecoins Can Help Fight an Upcoming US Debt Crisis and China’s Growing Influence
[Jun 16 4:08 PM] Paul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed…
Crypto Sector Secures $317M in Venture Capital Deals in Early June
[Jun 16 2:36 PM] With the first half of June concluded, there have been 37 venture capital deals and fundraising events in the crypto sector. Collectively, these investments totaled $317.87 million, with Avail, a modular blockchain project, leading the pack with…
The State of Crypto Merchant Adoption in 2024
[Jun 16 12:45 PM] Merchants are increasingly adopting cryptocurrencies like bitcoin and ethereum, reflecting a growing trend towards digital currency payments as a viable alternative to traditional means. Merchants Embrace Digital Currency Payments Cryptocurrency is…
Salvadoran Government Introduces Bitcoin Banking Law Reform
[Jun 16 11:44 AM] The Salvadoran government has presented an initiative to accelerate the inclusion of Bitcoin and other cryptocurrencies in its investment banking sector. The banking law reform introduced to the National Assembly would allow private investors to…
Openai Reportedly Mulling For-Profit Shift
[Jun 16 10:05 AM] Openai, the artificial intelligence (AI) company, is considering shifting to a for-profit model, according to The Information. Sam Altman, CEO of the company, is said to be contemplating this decision and taking Openai’s non-profit board out…
T-Mobile Owner Deutsche Telekom Unveils Bitcoin and Lightning Network Node Operations
Breakout Alert! Chainlink (LINK) On Verge Of Major Surge, Analyst Says
[Jun 16 8:02 AM] After a period of consolidation, Chainlink (LINK), the oracle network powering decentralized applications (dApps), is exhibiting signs of a potential breakout. This bullish sentiment comes amidst a broader recovery in the cryptocurrency market…