Author: Tony Pearce
British FCA Fines Coinbase UK
Reading Time: < 1 minute The Financial Conduct Authority has imposed a fine of just over 3.5 million British pounds ($4.5 million) on CB Payments Limited, a subsidiary of Coinbase Group.
Spot Ethereum ETFs Trading Volume Exceeds $900M
Reading Time: < 1 minute On their second day in the US market, Ethereum ETFs collectively traded nearly $1 billion in volume.
Ether ETFs Lose $133M in Second Day of Trading
Reading Time: < 1 minute On their second day of trading, the nine US spot Ethereum exchange-traded funds experienced a reversal in flows, with $133.16 million in net outflows.
Miner Riot Platforms Buys Block Mining
Reading Time: < 1 minute In a $92.5 million transaction, Riot Platforms has acquired Block Mining, a bitcoin miner based in Kentucky.
Mt. Gox Transfers $2.5B in Bitcoin to an Unknown Address
Reading Time: < 1 minute The now-defunct crypto exchange Mt. Gox has recently transferred a total of 37,477 Bitcoin, valued at approximately $2.5 billion, to an unknown wallet address.
Daily Inflows into BlackRock’s Bitcoin ETF Hit $523M
Reading Time: < 1 minute On Monday, BlackRock’s Bitcoin exchange-traded fund (ETF) received its biggest influx of funds in over four months, with over $523 million entering the fund.
CBOE Says Ethereum ETFs Will Begin Trading Tomorrow
Reading Time: < 1 minute The Chicago Board Options Exchange (CBOE) has confirmed that five Ethereum exchange-traded funds (ETFs) will be available for trading on July 23, pending regulatory approval.
SEC Chairman Will Resign Next Year: Report
Reading Time: < 1 minute Markus Thielen, founder of 10X Research, predicts that Gary Gensler will step down within the first two months of 2025 after President Joe Biden’s term at the White House ends.
Deposit Volume in Crypto Mixer Tornado Cash Soars Despite Sanctions
Reading Time: < 1 minute Despite facing sanctions and legal troubles, banned cryptocurrency mixer Tornado Cash has surprisingly seen a significant increase in deposits in the first half of 2024.
Kraken Custody Expands to UK and Australia
Reading Time: < 1 minute Kraken Institutional has now expanded its custody service to clients in the UK and Australia, both new and existing ones.
Mt. Gox Creditors Suffering Unauthorized Login Attempts
Reading Time: < 1 minute Several self-proclaimed Mt. Gox creditors have taken to an insolvency subreddit, alleging that in the past 24 hours, unknown hackers have made multiple unauthorized login attempts on their accounts.
Taiwan Tightens its Crypto Regulations
Reading Time: < 1 minute The Legislative Yuan, Taiwan’s highest legislative body, has approved a law that updates the country’s Anti-Money Laundering (AML) legislation to include digital assets.
Li.Fi Protocol Loses $10M in Hacker Attack
Reading Time: < 1 minute On July 16, Li.Fi, an API for conducting swaps and bridging between Ethereum Virtual Machine and Solana, was the target of an attack resulting in over $10 million worth of cryptocurrencies being stolen.
BlackRock CEO: Bitcoin is A Legitimate Financial Instrument
Reading Time: < 1 minute Larry Fink, the cofounder and CEO of BlackRock, has changed his views on cryptocurrencies over the years.
CoinStats: Hacker Stole $2.2M in Crypto Last Month
Reading Time: < 1 minute Additional details about the security incident that occurred in June have been released by CoinStats.
SEC Closes Investigation into BUSD Stablecoin
Reading Time: < 1 minute Following an investigation into the stablecoin Binance USD, the US Securities and Exchange Commission has announced that it will not recommend an enforcement action against Paxos.
MicroStrategy Approves a 10-for-1 Stock Split
Reading Time: < 1 minute MicroStrategy has announced a 10-for-1 stock split of its Class A and B common stock.
Bitwise CIO: Bitcoin Could Reach $100,000 By Year-end
Reading Time: < 1 minute Crypto asset manager Bitwise’s chief investment officer, Matt Hougan, has identified five factors that could lead to Bitcoin’s price reaching $100,000 by the end of the year.
Invesco Galaxy Sets 0.25% Fee for its Spot Ethereum ETF
Reading Time: < 1 minute The latest round of filings for the Invesco Galaxy Ethereum exchange-traded fund has set its fee at 0.25%.
Bitwise: Ethereum ETFs Will Soon Be Approved
Reading Time: < 1 minute According to Bitwise’s Katherine Dowling, the launch of eight new spot Ether ETFs is getting closer, but an exact date has yet to be determined.
VanEck and 21Shares Plan to List a Solana ETF in Cboe
Reading Time: < 1 minute The Cboe has officially requested the Securities and Exchanges Commission (SEC) to allow asset managers VanEck and 21Shares to launch a Solana-based exchange-traded fund (ETF).
Tron to Launch a Gasless Stablecoin
Reading Time: < 1 minute Tron founder Justin Sun has revealed plans to create a new stablecoin that will allow users to freely transfer it without any gas fees.
South Korea Launches New System to Control Crypto Fraud
Reading Time: < 1 minute The Financial Supervisory Service of South Korea has announced the development of a new 24-hour surveillance system in collaboration with local exchanges.
Crypto Liquidations Reach $665M
Reading Time: < 1 minute Bitcoin experienced a sharp decline to $53,499 on Coinbase following news of Mt. Gox’s recent transfer from their cold wallet.
Basel Committee Greenlights Disclosure Framework for Banks’ Crypto Exposure
Reading Time: < 1 minute The Basel Committee on Banking Supervision announced yesterday that they have officially approved a final disclosure framework for banks to report their exposure to crypto assets.