🇺🇸 Crypto exchange Gemini to pay $50 million in settlement with NY attorney general's office
Crypto exchange Gemini agreed to pay $50 million worth of digital assets to Gemini Earn investors as part of a settlement announced by the New York Attorney General on Friday. The settlement comes after NYAG Letitia James said Gemini "misled thousands of investors," including New Yorkers, on risks tied to the Gemini Earn program. Gemini Earn allowed Gemini customers to loan their crypto to now-bankrupt Genesis Global Capital, LLC, and earn up to 7.4 percent APY.
Source
🔍 More Crypto News
Crypto exchange Gemini agreed to pay $50 million worth of digital assets to Gemini Earn investors as part of a settlement announced by the New York Attorney General on Friday. The settlement comes after NYAG Letitia James said Gemini "misled thousands of investors," including New Yorkers, on risks tied to the Gemini Earn program. Gemini Earn allowed Gemini customers to loan their crypto to now-bankrupt Genesis Global Capital, LLC, and earn up to 7.4 percent APY.
Source
🔍 More Crypto News
Bloomberg’s senior ETF analyst has updated his spot ethereum exchange-traded fund (ETF) prediction. “We are moving up our over/under date for the launch of spot ether ETF to July 2nd,” he said. This revision follows light comments from the SEC Staff on issuers’ S-1 filings. The analyst believes there is a decent chance the SEC will approve the filings next week, aiming to finalize them before the holiday weekend.
Source
🔍 More Crypto News
Please open Telegram to view this post
VIEW IN TELEGRAM
KuCoin exchange’s research arm released a report on cryptocurrency performance in May, noting $1 billion in new investments – a slight decrease from April. Earlier this week, KuCoin Research published a report indicating that in May alone, the crypto realm saw a public disclosure of about 156 investments. The total amounts invested in the 156 projects summed up to about $1.02 billion.
Source
🔍 More Crypto News
Please open Telegram to view this post
VIEW IN TELEGRAM
🇺🇸 U.S. SEC's Crypto Enforcer David Hirsch Quits
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. Hirsch was the chief of the crypto asset and cyber unit in the Division of Enforcement at the U.S. SEC. "This past Friday was my last day with the SEC after almost 9 years," Hirsch said in the post. " I’m particularly proud of the historic work done by the Crypto Assets and Cyber Unit team I had the privilege to lead."
Source
🔍 More Crypto News
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. Hirsch was the chief of the crypto asset and cyber unit in the Division of Enforcement at the U.S. SEC. "This past Friday was my last day with the SEC after almost 9 years," Hirsch said in the post. " I’m particularly proud of the historic work done by the Crypto Assets and Cyber Unit team I had the privilege to lead."
Source
🔍 More Crypto News
This media is not supported in your browser
VIEW IN TELEGRAM
JUST IN: 🏦 Coinbase has introduced pre-launch market trading for investors to gain exposure to altcoins before mainstream exchange debut.
🔍 More Crypto News
🔍 More Crypto News
Please open Telegram to view this post
VIEW IN TELEGRAM
Global Ethereum exchange-traded products have outperformed their Bitcoin counterparts over the past week ahead of the highly-anticipated launch of spot Ethereum exchange-traded funds in the U.S. Ethereum ETPs generated net inflows for their fourth consecutive week, totaling 16,911 ETH, according to data from K33 Research. Meanwhile, Bitcoin ETPs saw net outflows of 12,523 BTC — the third-worst week to date — primarily driven by U.S. spot Bitcoin ETF net outflows.
Source
🔍 More Crypto News
Please open Telegram to view this post
VIEW IN TELEGRAM
📣 Hashdex proposes new ETF that would own both spot Ethereum and Bitcoin
Crypto asset management firm Hashdex plans to launch an exchange-traded fund that directly owns spot bitcoin and ether. Nasdaq posted the proposal via Form 19b-4 on Tuesday for the Hashdex Nasdaq Crypto Index US ETF, which ETF experts say was not necessarily a surprising move. Hashdex's move comes after the SEC approved spot Bitcoin ETFs earlier this year and last month approved 19b-4 forms for a slew of spot Ethereum ETFs.
Source
🔍 More Crypto News
Crypto asset management firm Hashdex plans to launch an exchange-traded fund that directly owns spot bitcoin and ether. Nasdaq posted the proposal via Form 19b-4 on Tuesday for the Hashdex Nasdaq Crypto Index US ETF, which ETF experts say was not necessarily a surprising move. Hashdex's move comes after the SEC approved spot Bitcoin ETFs earlier this year and last month approved 19b-4 forms for a slew of spot Ethereum ETFs.
Source
🔍 More Crypto News
Maximize Your Crypto Earnings with UpBots and SuperBots! 🚀
Unlock the full potential of your crypto trading with our state-of-the-art, automated trading bots. Here's why @UpBots and SuperBots are the game-changers you need:
🔥 Effortless Earnings: Elevate your trading with smart, automated bots designed to boost your earnings seamlessly.
📈 Performance Monitoring: Enjoy continuous performance monitoring to keep your trades on track and optimize results.
🔧 Cutting-Edge Technology: Experience the best in trading technology, tailored to provide unmatched precision and efficiency.
🔒 Top-Notch Security: Trade with confidence, knowing our high-security protocols keep your assets safe.
🌐 Versatile Trading: Whether you're trading on CEX with @UpBots or DEX with SuperBots, benefit from superior performance and security.
💥 Exciting News! MBXN token. Don't miss out on this opportunity to enhance your trading portfolio.
👉 Get Started Today! Visit UpBots.com and Superbots.finance to revolutionize your trading experience.
Join the future of crypto trading and maximize your earnings effortlessly with @UpBots and SuperBots!
Telegram: https://t.me/upbots
Unlock the full potential of your crypto trading with our state-of-the-art, automated trading bots. Here's why @UpBots and SuperBots are the game-changers you need:
🔥 Effortless Earnings: Elevate your trading with smart, automated bots designed to boost your earnings seamlessly.
📈 Performance Monitoring: Enjoy continuous performance monitoring to keep your trades on track and optimize results.
🔧 Cutting-Edge Technology: Experience the best in trading technology, tailored to provide unmatched precision and efficiency.
🔒 Top-Notch Security: Trade with confidence, knowing our high-security protocols keep your assets safe.
🌐 Versatile Trading: Whether you're trading on CEX with @UpBots or DEX with SuperBots, benefit from superior performance and security.
💥 Exciting News! MBXN token. Don't miss out on this opportunity to enhance your trading portfolio.
👉 Get Started Today! Visit UpBots.com and Superbots.finance to revolutionize your trading experience.
Join the future of crypto trading and maximize your earnings effortlessly with @UpBots and SuperBots!
Telegram: https://t.me/upbots
Bitcoin's OTC desk balances surge to levels unseen since the FTX collapse, market watchers are alarmed. Historically, this scenario has preceded significant price movements, either signaling a local top or indicating smart money is cashing out. The data reveals a startling addition of 85,000 BTC recently, juxtaposed with a miner sell-off reaching record highs. How does this intricate dance of market forces shape Bitcoin's trajectory from here? Dive into the full analysis on Alpha.
Source
🔍 More Crypto News
Please open Telegram to view this post
VIEW IN TELEGRAM
Bitcoin derivatives market has been a whirlwind of activity. Trading volumes for perpetual futures took a nosedive from $53.156 billion on June 12 to just $10.910 billion by June 15, only to rebound drastically to $51.239 billion by June 18. Interestingly, these fluctuations did not exactly mirror Bitcoin’s price movements, exposing a complex interplay of market factors.
Source
🔍 More Crypto News
Please open Telegram to view this post
VIEW IN TELEGRAM
Investment firm 3iQ has applied to launch the first Solana exchange-traded product (ETP) in Canada. The proposed ETP, called Solana Fund, would offer Canadian investors exposure to SOL without requiring them to use hot wallets or other blockchain-related technology, 3iQ said Thursday in a statement. The fund, if approved, would launch on the Toronto Stock Exchange under the ticker QSOL.
Source
🔍 More Crypto News
Please open Telegram to view this post
VIEW IN TELEGRAM
Bitcoin long liquidations have spiked to over $27 million in the past day after a price correction saw the largest digital asset by market hover around $63,600. In the past 24 hours, $33.85 million in bitcoin positions were liquidated, and over $132 million in the wider cryptocurrency market was liquidated in the same period. Of these combined crypto liquidations, the vast majority — around $105 million — were long positions, according to Coinglass data.
Source
🔍 More Crypto News
Please open Telegram to view this post
VIEW IN TELEGRAM
The Securities and Exchange Commission's move to close its "Ethereum 2.0" investigation of Consensys raises the question: So, is ether not a security? Consensys announced on Tuesday that the SEC's enforcement division notified the blockchain and web3 development company that it was closing its investigation into Ethereum 2.0 in a "major win" and said that it meant that the SEC "would not bring charges alleging that sales of ETH are securities transactions.".
Source
🔍 More Crypto News
Please open Telegram to view this post
VIEW IN TELEGRAM
🌐 Join the Top Telegram Crypto News Channel: Cryptocurrency ↪ Inside! 🌐
Discover the latest in crypto:
- 📰 Up-to-Date News: Stay informed with the newest updates.
- 🔗 Onchain Analytics: Gain deep insights from blockchain data.
- 📅 Market Updates & Insights: Keep track of important market trends.
👥 Join Our Active Community: Engage with fellow crypto enthusiasts.
🔗 Join now: @Cryptocurrency_Inside
#CryptoCommunity #Blockchain #CryptoNews #MarketInsights 🚀🌐📈🔗📅
Discover the latest in crypto:
- 📰 Up-to-Date News: Stay informed with the newest updates.
- 🔗 Onchain Analytics: Gain deep insights from blockchain data.
- 📅 Market Updates & Insights: Keep track of important market trends.
👥 Join Our Active Community: Engage with fellow crypto enthusiasts.
🔗 Join now: @Cryptocurrency_Inside
#CryptoCommunity #Blockchain #CryptoNews #MarketInsights 🚀🌐📈🔗📅
Osmosis Decentralized Autonomous Organization (DAO) is unanimously supporting a proposal to adopt a revenue share proposal that enables a zero-fee Bitcoin bridge to the Cosmos ecosystem via Nomic. The proposal has received overwhelming community support, with about 92% of DAO members favoring the zero-fee upgrade. Meanwhile, around 6% of the DAO members abstained from voting, while 1% were against the move.
Source
🔍 More Crypto News
Please open Telegram to view this post
VIEW IN TELEGRAM
📣 Crypto Market Still in Bull Cycle But There Are Worrying Signs: CryptoQuant
The lack of bullish momentum in the crypto market is evident in weak bitcoin whale demand growth and low stablecoin liquidity. The crypto market is in the red amid significant bloodshed from bitcoin (BTC) and altcoins. There is currently no bullish momentum, and BTC is hovering around key levels, falling below traders’ on-chain realized price of $65,800. Regardless, CryptoQuant analysts insist in a recent report that the market is in a bull season.
Source
🔍 More Crypto News
The lack of bullish momentum in the crypto market is evident in weak bitcoin whale demand growth and low stablecoin liquidity. The crypto market is in the red amid significant bloodshed from bitcoin (BTC) and altcoins. There is currently no bullish momentum, and BTC is hovering around key levels, falling below traders’ on-chain realized price of $65,800. Regardless, CryptoQuant analysts insist in a recent report that the market is in a bull season.
Source
🔍 More Crypto News
As June draws to close, significant expiration in Bitcoin (BTC) and Ethereum (ETH) options loom, potentially impacting market conditions. On June 28, BTC options worth $6.6 billion will expire. Deribit data reveals a put/call ratio of 0.53, indicating a bullish sentiment, with total open interest roughly around 107,000 BTC—70,000 in calls and 37,000 in puts. Despite this, BTC’s price has been declining, dropping 10% over the past month to as low as $60,500, edging towards the max pain price of $58,000.
Source
🔍 More Crypto News
Please open Telegram to view this post
VIEW IN TELEGRAM
The crypto market is undergoing a significant correction as investors withdrew $584 million from crypto-related investment products last week, according to CoinShares’ latest report. Additionally, global trading volumes for crypto ETPs hit their lowest levels since the US Securities and Exchange Commission approved the launch of several spot Bitcoin exchange-traded funds (ETFs) in January, totaling just $6.9 billion for the week.
Source
🔍 More Crypto News
Please open Telegram to view this post
VIEW IN TELEGRAM
🇩🇪 German government sends further $24 million in bitcoin to Coinbase and Kraken: Arkham
German government-labeled addresses appeared to send another 400 ($24.34 million) to Coinbase and Kraken Tuesday morning, indicating a potential intention to sell the assets and following substantial transfers of its seized bitcoin last week, according to on-chain analytics provider Arkham. “They have also moved 500 BTC ($30.4 million) to address 139Po. We have yet to see where these funds are moved” Arkham posted on X.
Source
🔍 More Crypto News
German government-labeled addresses appeared to send another 400 ($24.34 million) to Coinbase and Kraken Tuesday morning, indicating a potential intention to sell the assets and following substantial transfers of its seized bitcoin last week, according to on-chain analytics provider Arkham. “They have also moved 500 BTC ($30.4 million) to address 139Po. We have yet to see where these funds are moved” Arkham posted on X.
Source
🔍 More Crypto News
VanEck recently disclosed it would waive fees for its spot Ethereum ETF, adopting a similar strategy to its Bitcoin counterpart launched earlier this year. Sigel added that VanEck is confident its approach will “resonate” with investors across the spectrum and help drive more interest in Ethereum and the role it can play in their portfolios. He added that the lack of fees is also expected to lower the barrier of entry for new investors.
Source
🔍 More Crypto News
Please open Telegram to view this post
VIEW IN TELEGRAM