🇺🇸 SEC Slaps Robinhood With Wells Notice Over Securities Law Violations

Robinhood Markets Inc. has become the next crypto trading platform to receive a threat of legal action from the Securities and Exchange Commission (SEC), adding to the sizable list of industry giants on the agency’s hit list. Per the SEC’s website, Section 15(a) makes it unlawful for broker-dealers to effect or induce the purchase or sale of securities unless that broker is registered with the SEC. Meanwhile, Section 17A pertains to defrauding customers of their money through material misstatements or omissions.

Source

✈️@CryptoWorldNews🌐

💰 “I will be buying the top forever and Bitcoin is the Exit Strategy.”

- Michael Saylor

✈️@CryptoWorldNews🌐

Top 5 Daily Gainers & Losers

✈️@CryptoWorldNews🌐

💰 Grayscale spot bitcoin ETF inflows may be result of short-term trading: Bloomberg ETF analyst

Grayscale’s spot bitcoin ETF ended a 78-day streak of outflows after registering two consecutive days of net inflows. Bloomberg ETF Analyst James Seyffart told The Block while he's not absolutely sure what might have caused the swing, there could be a few different explanations. "It could be a short-term tactical trade or pairs trade of sorts. Where the fee is far less relevant over shorter time frames," he said.

Source

✈️@CryptoWorldNews🌐

Top 5 Daily Gainers & Losers

✈️@CryptoWorldNews🌐

🇭🇰 Wintermute announces liquidity support for Hong Kong spot bitcoin, ether ETFs

Crypto market maker Wintermute announced today that it will provide liquidity to OSL and HashKey for Hong Kong’s spot bitcoin and ether exchange-traded funds, in an attempt to “foster Wintermute’s presence in the Asia crypto markets.” In a Wednesday statement, Wintermute said that it plans to work closely with OSL and HashKey — both sub-custodians for the spot crypto ETFs in Hong Kong — on buying, selling and delivery of underlying bitcoin and ether for the spot ETFs.

Source

✈️@CryptoWorldNews🌐

💰 Core Scientific self-mined over $175 million of bitcoin in Q1, swings to profit

It's been a busy first quarter of the year for North American bitcoin miner Core Scientific. First, its shares began trading again on the Nasdaq after emerging from bankruptcy and now the company has reported a major turnaround that includes posting $210.7 million in net income. That compares to the first quarter of last year when Core Scientific reported a loss of roughly $400,000.

Source

✈️@CryptoWorldNews🌐

Top 5 Daily Gainers & Losers

✈️@CryptoWorldNews🌐

💰 Bitcoin mining difficulty drops 6% in largest fall since bear market lows

Bitcoin mining difficulty dropped 5.7% on Thursday in the largest negative adjustment for nearly 18 months. The difficulty adjustment came at block height 842,688, falling to 83.1 trillion, according to Bitbo data. It marks the highest negative adjustment since the bear market lows, when difficulty fell 7% on Dec. 6, 2022, and bitcoin was trading for around $17,000.

Source

✈️@CryptoWorldNews🌐

💰 Bitcoin Miner Marathon Digital Misses Q1 Revenue Expectation On Operational Challenges

Marathon Digital (MARA), one of the largest bitcoin miners, missed consensus first-quarter revenue expectations due to operational challenges it faced during the quarter. The company mined just 2,811 bitcoin during the year's first three months, down 34% from the previous quarter.

Source

✈️@CryptoWorldNews🌐

🟠 Binance Reportedly Fired Investigator Who Discovered Market Manipulation at Client Company

Binance and DWF Labs have refuted market manipulation claims in a WSJ report, with the former stating that the company is intolerant to market abuse. With Binance founder and former CEO Changpeng “CZ” Zhao recently sentenced to four months imprisonment, a WSJ report is alleging that the crypto exchange giant fired one of its investigators who exposed market manipulation by one of the company’s clients, DWF Labs.

Source

✈️@CryptoWorldNews🌐

🪙 Ethereum transaction fees hit record low as Layer-2 networks siphon activity

The average transaction fee on Ethereum has reached record lows as more activity moves to the Layer-2 (L2) networks on the chain. According to Ultrasound.money data, the average gas has dropped to 4.81 Gwei — the lowest level since the network completed the Merge event in 2022. Market observers attributed this decline to increasing activity on L2 networks following the completion of the Dencun upgrade. The Dencun upgrade significantly reduced fees for L2 networks, making transacting on the base layer less attractive.

Source

✈️@CryptoWorldNews🌐

Top 5 Daily Gainers & Losers

✈️@CryptoWorldNews🌐

🏦 Coinbase’s Appeal Request Now Opposed by SEC

The U.S. Securities and Exchange Commission (SEC) has firmly rebuffed cryptocurrency exchange Coinbase’s plea for an interlocutory appeal regarding the application of traditional securities regulations to digital assets. Coinbase’s appeal request to the court, seeking a review of whether conventional securities rules, notably the Howey Test, are pertinent to cryptocurrencies, was dismissed by the SEC. The regulatory body contended that Coinbase’s aim was to manipulate the interpretation of the issue itself.

Source

✈️@CryptoWorldNews🌐

🚀 Discover the Future with Jack the Goat ($JACK) - A Groundbreaking Meme Coin on Solana! 🌟🐐

Why $JACK?

⚫Thriving Community: Over 1400 active members fueling our explosive rise! @JacksPortal
⚫Colossal Potential: Get in on the ground floor of what experts predict could be a 1000x gem! 💎
⚫ Vital Stats: Market Cap: $500,000 | Holders: ~500 | Contract: 68eD7fdMVEqKDev9jChsBxtvg45XF2FKsnVRfDTpxCkK

How to Get $JACK:
1. Download Phantom Wallet .
2. Purchase $SOL, transfer to your wallet.
3. Swap for $JACK on Jupiter or Raydium. 😀

🔥 Join us now at https://jackthegoat.com and be part of this monumental journey with $JACK! 🚀

#Ad

Top 5 Daily Gainers & Losers

✈️@CryptoWorldNews🌐

💰 Spot Bitcoin ETFs Outflows Threaten Price Plunge, Says Gold Advocate Peter Schiff!

Schiff anticipates an explosive rise Bitcoin ETFs in gold and silver prices, emphasizing their potential as lucrative investment opportunities. In contrast to his bullish outlook on precious metals, Schiff remains skeptical about Bitcoin’s prospects, referring to it as “dead money.” Instead, he urges investors to capitalize on what he believes could be the largest bull market in precious metals in history.

Source

✈️@CryptoWorldNews🌐

Top 5 Daily Gainers & Losers

✈️@CryptoWorldNews🌐

💰 Bitcoin Miner Marathon In Talks With Kenya to Help With Its Green Energy Ambitions

Marathon Digital (MARA), one of the largest bitcoin mining companies, has held talks with Kenya to help manage the country's renewable energy through mining and develop its crypto regime. Kenya's President William Ruto recently met up with the Marathon's team during an American Chamber of Commerce event hosted in Kenya.

Source

✈️@CryptoWorldNews🌐

Top 5 Daily Gainers & Losers

✈️@CryptoWorldNews🌐

🏦 Coinbase reports system-wide outage, ensures 'funds are safe'

Cryptocurrency exchange Coinbase is experiencing a “system-wide outage,” and the company is investigating the issue. The exchange stated in an X post that its team is working on a solution. “Your funds are safe,” the firm added. The crypto exchange previously encountered a temporary technical glitch in March when its trading platform experienced problems amid heavy trading, including showing some users that their account balance was $0.

Source

✈️@CryptoWorldNews🌐