Blockchain
No vote needed for SEC approval of Ethereum ETF in positive sign for other cryptocurrencies
The SEC approved Ethereum ETFs through delegated authority, a decision that could significantly impact the crypto market Unlike the Bitcoin ETF approval in January, which required an SEC vote, this
Blockchain
US court rules crypto influencer conducted unregistered offering of crypto asset securities
the US District Court for the Western District of Texas granted partial summary judgment in favor of the Securities and Exchange Commission (SEC) against crypto influencer Ian Balina The court ruled
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Supreme Court denies Coinbase’s request to compel arbitration in Dogecoin sweepstakes dispute
The US Supreme Court denied Coinbase’s motion to compel arbitration related to its Dogecoin (DOGE) sweepstakes on May 23 The judge ruled that “a court, not an arbitrator,” must
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Congress passes bill banning Federal Reserve from creating a CBDC
The US House of Representatives passed HR 5403, the CBDC Anti-Surveillance State Act, sponsored by Majority Whip Tom Emmer (MN-06) The legislation blocks the creation and issuance of a central bank
Blockchain
FTX examiner recommends further investigation into shortfalls, S&C’s legal representation
The court-appointed examiner, Robert J Cleary, has released a detailed report recommending additional investigations into several aspects of the collapsed FTX Group, particularly focusing on FTXUS,
Blockchain
SEC approves Ethereum ETFs, aligning ETH closer to commodity in industry win
The US Securities and Exchange Commission (SEC) has approved the first spot Ethereum exchange-traded funds (ETFs), marking a significant milestone for the crypto industry The decision, announced
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Ethereum ETF approval will set stage for Solana ETF, commodity classification
According to a recent Bernstein report, the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US may establish a precedent for classifying Solana (SOL) as a commodity The
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Bitcoin’s second best start to a halving cycle
Quick Take Bitcoin has shown a positive trend since its halving on April 20, with an increase of approximately 8% It traded around $64,000 and is now consolidating just below $70,000 This performance
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Bipartisan push for Ethereum ETF gains momentum in Congress
A bipartisan group of US lawmakers advised the Securities and Exchange Commission (SEC) in a May 22 letter to approve spot Ethereum exchange-traded funds (ETFs) The letter signatories included
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Bybit CEO dispels insolvency rumors amid $115 million user withdrawals
Bybit crypto exchange CEO Ben Zhou has firmly denied rumors about the exchange’s alleged insolvency circulating on social media This week, obscure social media accounts began spreading these
Blockchain
Ethereum ETF rumors drive dramatic rise in ETH/BTC ratio
The ETH/BTC ratio represents the relative strength of Ethereum (ETH) against Bitcoin (BTC) With the two being the two largest coins by market cap and the two largest crypto ecosystems in general, it
Blockchain
Hong Kong considers allowing staking for Ethereum ETFs, diverging from US stance
Hong Kong’s Securities and Futures Commission (SFC) is reportedly considering allowing Ethereum ETFs under its jurisdiction to stake their tokens, a stance notably different from that of US