SEC chair Gensler says spot Ethereum ETF launch timeline depends on applicants’ speed

SEC chair Gary Gensler said the timeline for spot Ethereum ETF launches depends on how quickly applicants respond to the regulator’s questions and comment on reasons for approvals. Gensler told Reuters on June 5 that the firms are “self-motivated” to answer SEC comments and can determine their responsiveness. дальше »

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VanEck Analysts See Ethereum Price Hitting $22,000 By 2030

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Kraken Said to be Raising Over $100M Pre-IPO Funding: Bloomberg

Kraken is looking to raise more than $100 million and this may be completed by the end of this year, Bloomberg reported. дальше »

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U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan

Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said. дальше »

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Robinhood inks $200 million deal to acquire Bitstamp

Robinhood said it is acquiring Bitstamp for $200 million, aiming to expand its crypto services outside the US. The post Robinhood inks $200 million deal to acquire Bitstamp appeared first on Crypto Briefing. дальше »

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Bitcoin Could Hit $150K by 2024-End on Hopes of Donald Trump Being Re-Elected: Standard Chartered

Favorable payroll data could open the way to $80,000 per bitcoin by end-June, Standard Chartered’s Geoffrey Kendrick said in a Thursday note. дальше »

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Bitcoin miner Riot Platforms acquires 12% stake in Bitfarms

Colorado-headquartered crypto mining company Riot Platforms has acquired ownership of a 12% stake in rival Bitfarms despite shorting pressure from Kerrisdale Capital. Bitcoin mining company Riot Platforms said in a press release on Jun. 5 it acquired 1,460,278 common shares… дальше »

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Advocacy Group 'Stand With Crypto' Says It's Exceeded 1 Million Signups

Stand With Crypto, a digital assets advocacy group backed by Coinbase Inc., said it signed up its first million members as of Wednesday. дальше »

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Bitcoin Miners With Attractive Power Contracts Are Potential M&A Targets, JPMorgan Says

U.S. listed bitcoin miners draw up to 5 gigawatts of power and have access to an additional 2.5 GW, making them attractive potential takeover targets, the report said. дальше »

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Crypto Security Firm Ironblocks Builds 'Firewall' for DeFi Protocols

"Once you get hacked in most of the cases you're done," CEO Dadosh said. "And this is what we're trying to prevent." дальше »

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Ripple president: Stablecoin likely this year

Ripple president Monico Long said the XRP issuer is likely to enter the $161 billion stablecoin market before this year’s close.  дальше »

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Bitwise CIO says market undervaluing Washington’s shifting attitude toward crypto

Bitwise CIO Matt Hougan believes the market is underestimating the significance of Washington’s evolving attitude toward cryptocurrencies Hougan said in a June 4 memo that the US political landscape regarding crypto has changed significantly toward a more positive stance in recent weeks, and the market would been at a new all-time high already if its […] The post Bitwise CIO says market undervaluing Washington’s shifting attitude toward crypto appeared first on CryptoSlate. дальше »

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House Appropriation budget aims to prevent SEC from implementing SAB 121

An upcoming House Appropriation budget could prevent the US SEC from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). FOX Business reporter Eleanor Terrett, who reported the news on June 4, said the bill will prohibit the SEC from using appropriated funds to implement the rule. дальше »

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House Appropriation bill targets SEC’s controversial SAB 121 amid budget talks

An upcoming House Appropriation budget could prevent the US SEC from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). FOX Business reporter Eleanor Terrett, who reported the news on June 4, said the bill will prohibit the SEC from using appropriated funds to implement the rule. дальше »

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Ether Price Poised for Supply 'Shock' as ETFs May Attract $4B Inflows in Five Months, K33 Research Says

ETH will start outperforming bitcoin following the ETF launch after almost two and a half years of underperformance, the report said. дальше »

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Polygon Labs acquires Toposware, pushing total ZK investment to $1B

The deal brings Polygon’s cumulative zero-knowledge technology investment to over $1 billion, the company said. Toposware’s team is behind Polygon’s Type 1 Prover technology. дальше »

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Hong Kong gets ready to shut down all unlicensed crypto exchanges

Crypto exchanges are leaving Hong Kong. Will this undermine the region’s aspirations to become an international crypto hub? Hong Kong authorities said that all cryptocurrency exchanges that have not applied for an operating license with the Securities and Futures Commission… дальше »

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Nearly three-quarters of organizations now use AI, breaking adoption stagnancy: McKinsey

A new survey reveals that 72% of organizations have adopted AI in at least one area as of March 2024, according to a new survey conducted by McKinsey on May 30. Meanwhile, roughly 50% of all respondents said that their organizations adopted AI in two or more business functions. дальше »

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Bitcoin Knocks on $70K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending

Bitcoin's slump since March was driven by long-term holders selling, but blockchain data shows the trend has stalled and investors are accumulating BTC, Bitfinex said in a report. дальше »

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Wisconsin Pension Plan Likely to Invest Much More in Bitcoin ETF, Marquette Professor Says

The first quarter addition of two spot bitcoin exchange-traded funds (ETFs) to the portfolio of Wisconsin's pension plan was likely just the beginning for that U.S. state’s investments into crypto, said David Krause, a professor of finance at Milwaukee-based Marquette University. дальше »

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Binance to delist OMG, XEM and WAVES; token prices tumble

Binance announced the delisting of OMG Network, NEM and Waves coins on June 17, 2024. The exchange will end support for withdrawals on September 17. Binance has announced the delisting of four altcoins, news that has seen the said tokens nosedive amid market reaction. дальше »

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WAVES plunges 24% after Binance delisting announcement

The price of WAVES sharply dropped from $2.35 to $1.8 after crypto exchange Binance said in a blog post it would no longer support the token. Waves, a blockchain network founded by Ukrainian-born entrepreneur Sasha Ivanov, is under pressure as… дальше »

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Weekend Wrap: Ransomware botnets taken down, Cruz starts mining and more

Europol said its taken down a hacking ring that helped ransomware attackers inject their malicious code and Ted Cruz is mining Bitcoin. дальше »

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Linea blockchain halt highlights slow decentralization of Ethereum L2s

Linea said it halted the sequencer as a “last resort” action to prevent additional funds from bridging out but intends to decentralize in the near future. дальше »

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US President Joe Biden vetoes SAB 121 repeal

United States President Joe Biden said he vetoed the resolution because "he will not support measures that jeopardize the well-being of consumers and investors." дальше »

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Ripple CEO says XRP ETF 'inevitable' — Consensus 2024

Brad Garlinghouse said he believes the market is headed toward a $5 trillion valuation and that the advent of XRP, SOL, and other crypto ETFs is a matter of time. дальше »

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Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack

Measures have been taken to prevent further unauthorized outflows, the exchange said. дальше »

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Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer

Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said. дальше »

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Tether Buys $100M Worth of Bitdeer Shares With Option to Purchase $50M More

Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said. дальше »

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Bloomberg analyst predicts end of June ETH ETF launch as Grayscale updates S-3 statement

Bloomberg ETF analyst Eric Balchunas said on May 30 that US spot Ethereum ETFs could launch in June amidst updated BlackRock and Grayscale filings. Balchunas said there is a “legit possibility” that spot Ethereum ETFs will launch by the end of June. дальше »

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Robert Kennedy Jr at Consensus 2024: Crypto is freedom, transparency

U.S. Independent Presidential candidate Robert F. Kennedy Jr said transactional freedom through crypto must be protected to ensure economic growth. дальше »

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Consensus 2024: Ripple CEO talks stablecoins, DC shift, ETFs

Ripple CEO Brad Garlinghouse said there’s a massive shift in DC’s crypto perspective, and regulations could catalyze an inevitable stablecoin market boom. дальше »

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Andreessen Horowitz donates $25 million to Fairshake Super PAC

VC firm Andreessen Horowitz (a16z) donated $25 million to Fairshake and related entities, a16z crypto Managing Partner Chris Dixon said on May 30. Dixon said the donation would help Fairshake support bipartisan US candidates, promote entrepreneurship, and advance clear rules for digital assets. дальше »

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Ripple's Brad Garlinghouse Foresees XRP, Solana, Cardano ETFs: Consensus 2024

It's only a matter of time, the CEO of Ripple said on stage at Consensus 2024 in Austin. дальше »

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SEC Commissioner pitches safe space for digital securities experiment

Hester Pierce said her “sandbox” pitch would offer opportunities for cross-border collaborations between blockchain firms without fear of regulatory threats. дальше »

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Franklin Templeton's Jenny Johnson on Bitcoin ETFs, RWA Tokenization and Blockchain's Potential for TradFi

The president and CEO of the asset management giant said blockchains are "transformational tech" that can help drive down operational costs during a panel discussion at Consensus 2024. дальше »

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Ether Spot ETFs to See Much Lower Demand Than Bitcoin Versions, JPMorgan Says

Ether spot ETFs could attract as much as $3 billion of net inflows this year, the report said. дальше »

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Robinhood rolls out crypto API for US traders

Robinhood Crypto vice president Johann Kerbrat said that the API allows developers to build custom tools for crypto trading.

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Bitcoin Traders Warn of Pullback as U.S. Inflation Data Looms; Dogecoin Leads Majors Slide

Crypto markets are expected to remain shaky ahead of Friday’s U.S. inflation data release, one trading desk said. дальше »

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Senator Lummis says crypto will play important role in US economy post-elections

Senator Cynthia Lummis recently said the crypto market will play a significant role in the US economy unless the opportunity is squandered. Lummis, a vocal advocate for pro-crypto legislation, believes that recent victories in Congress signal a promising future for the sector. дальше »

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U.S. Treasury Isn’t Trying to Ban Crypto Mixers, Top Official Says

FinCEN’s 2023 proposal to require crypto companies to report transactions that involved mixing is about transparency, not banning mixers, said Brian Nelson, U.S. Treasury undersecretary. дальше »

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U.S. Treasury Describes NFTs as 'Highly Susceptible to Use in Fraud and Scams'

"The report determines that illicit actors can use NFTs to launder proceeds from predicate crimes," the Treasury said. дальше »

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Gemini Earn returns over $2 billion in crypto, triggering concerns of sell pressure

Crypto exchange Gemini said users of its now-defunct Earn product received $2. 18 billion of their digital assets, according to a May 29 statement. These distributions amount to 97% of the total digital assets owed to Earn users, marking a significant recovery since the collapse of crypto lender Genesis, which halted withdrawals in November 2022. дальше »

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Bitfarms rejects Riot’s unsolicited acquisition offer

Bitfarms said on May 29 that it rejected Riot Platform’s unsolicited acquisition proposal because the offer undervalued the company. The proposal, received on April 22, offered $2. 30 per common share in a mix of cash and Riot common stock — amounting to a $950 million offer. дальше »

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PayPal banks on Solana’s stablecoin dominance to bolster PYUSD adoption

PayPal said it has expanded its US dollar stablecoin PYUSD to the Solana blockchain network to empower its users with fast, secure, and cheaper stablecoin transactions, according to a May 29 statement. дальше »

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Riot Platforms Is Best Suited to Consolidate Bitcoin Mining Sector: Bernstein

The company has the financial capacity to consolidate the bitcoin mining space, the report said. дальше »

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Bitcoin, Ether Prices Ease as SHIB Drives Gains in Meme Tokens

A rally in meme tokens such as dogecoin and shiba inu is primarily driven by Asian traders in response to bullish sentiment around ether exchange-traded funds (ETFs), one trader said. дальше »

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Bitcoin and Ether ETF Markets Expected to Grow to $450B: Bernstein

Crypto exchange-traded funds could see over $100 billion of inflows in the next two years, the report said. дальше »

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One-Third of U.S. Voters Say They'll Weigh Candidates' Crypto Views Before Voting: Poll

One in three U.S. voters said they'll consider a political candidate's position on cryptocurrencies before making a voting decision, according to a new Harris Poll examination of likely U.S. voters. дальше »

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Alan Howard-Backed Elwood Technologies in Talks to Sell Part of the Business: Sources

Elwood is focusing on its existing portfolio management and risk management services, and less on the trading side, one source said. дальше »

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