Market News

Analyst Eric Balchunas said that spot Ether ETFs will be approved around July 4, suggesting that an earlier approval would be a long shot.

Tether (USDT), the largest stablecoin by market cap, recorded an all-time high market cap of $111 billion as of May 29.

The Grayscale Ether fund (ETHE), which currently holds an AUM of $11 billion, could experience outflows if it follows GBTC's pattern.

Tornado Cash co-founder Roman Storm said that the prosecution failed to demonstrate his involvement in the alleged criminal activities.

Silk Road founder Ross Ulbricht has become a symbol of government overreach for many in the crypto and libertarian spheres.

Previously, the Delaware Court of Chancery had dismissed the BitGo case against Galaxy Digital with prejudice in June 2023.

The SEC approving spot Ether ETFs coincides with the US House of passing the Financial Innovation and Technology for the 21st Century Act. 

The US crypto framework bill garnered bipartisan support, with 71 Democrats joining 208 Republicans in favor of the measure.

Former United States President Donald Trump confirmed that he would accept campaign donations in cryptocurrencies.

Uniswap Labs labeled the SEC's case as "weak" and "wrong," particularly objecting to the SEC's approach of treating all tokens as securities.

The email from the Democrats noted that Representatives Maxine Waters and David Scott “strongly oppose” the FIT21 Act.

FBI arrested Rui-Siang Lin, who went by the alias “Pharoah,” allegedly running “Incognito Market,” a dark web platform for narcotics sales. 

A Ripple report highlighted a substantial reduction in the average transaction cost of XRPL, dropping by 45% to around $0.000856. 

The DoJ said that Daren Li was arrested at Atlanta’s airport in Georgia on April 12, while Yicheng Zhang was arrested in Los Angeles.

The survey highlights a strong interest in digital assets in Asia, with 40% of respondents planning to increase their exposure in 2024. 

As per the DoJ, Thomas John Sfraga promised victims extraordinary returns on their investments, as high as 60% in just three months.

Hong Kong has witnessed a surge in deepfake-related fraud cases, reflecting a broader trend in the Asia-Pacific region.

Cypher has remained frozen, with developers working to raise funds for a security audit and to relaunch the exchange.