Solana

Donald Trump

<p class="is-style-lead">Today’s edition of the weekly recap: SEC sues Consensys despite suspending investigation into Ethereum 2.0; MiCA goes live; VanEck files for the first-ever Solana ETF in the U.S.; Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) ETFs record mild inflows.</p>
<h2 class="wp-block-heading" id="sec-sues-consensys-mica-goes-live">SEC sues Consensys; MiCA goes live</h2>
<ul>
 <li>Regulatory developments prevailed last week. The Nigerian SEC <a href="https://crypto.news/nigeria-gives-vasps-30-day-ultimatum-to-comply-with-new-rules/" rel="noopener noreferrer nofollow">announced</a> that Virtual Asset Service Providers (VASPs) have a window of 30 days to update their licensing applications on the back of a comprehensive rule amendment.</li>
</ul>
<ul>
 <li>In the U.S., the securities regulator <a href="https://crypto.news/lido-and-rocket-pool-tokens-tank-after-sec-sues-consensys/" rel="noopener noreferrer nofollow">filed</a> a lawsuit against Ethereum development firm Consensys over its staking and wallet services on MetaMask. The lawsuit came up shortly after the SEC closed its investigation into Ethereum 2.0.</li>
</ul>
<ul>
 <li>America’s largest exchange Coinbase <a href="https://crypto.news/coinbase-sues-sec-and-fdic-over-freedom-of-information-requests/" rel="noopener noreferrer nofollow">sued</a> the SEC and the FDIC for failing to comply with its FOIA demand. Coinbase is seeking clarity on several issues, including the SEC’s position on whether Ethereum is a security.</li>
</ul>
<ul>
 <li>While industry leaders bemoaned regulatory uncertainty in the U.S., the European Union <a href="https://crypto.news/mica-is-live-how-new-eu-regulation-will-affect-the-global-crypto-market/" rel="noopener noreferrer nofollow">implemented</a> a phased launch of MiCA on June 30. The stablecoin aspect of the regulation will take effect from the beginning of July.</li>
</ul>
<h2 class="wp-block-heading" id="bitcoin-etfs-witness-positive-shift">Bitcoin ETFs witness positive shift&nbsp;</h2>
<ul>
 <li>Last week, Bitcoin ETFs <a href="https://crypto.news/bitcoin-etfs-begin-third-week-of-outflows-amid-market-wide-fud/" rel="noopener noreferrer nofollow">began</a> their third week of net outflows, recording $174.5 million in negative net flows on June 24. This marked the seventh day of net outflows for these products.</li>
</ul>
<ul>
 <li>However, a positive shift was observed on June 25, when the Bitcoin ETFs witnessed their first net inflow in a week, totaling $31 million.&nbsp;</li>
</ul>
<ul>
 <li>The ETF products retained this positive trend for three more days despite the market uncertainty last week. By the end of the week, they had <a href="https://crypto.news/spot-bitcoin-etfs-rebound-with-137-2m-inflow-surge/" rel="noopener noreferrer nofollow">recorded</a> $137 million in cumulative net inflows over four days. However, their weekly flow remained negative.</li>
</ul>
<h2 class="wp-block-heading" id="vaneck-files-for-first-ever-us-solana-etf">VanEck files for first-ever US Solana ETF</h2>
<ul>
 <li>VanEck leveraged the ongoing ETF social trend to <a href="https://crypto.news/solana-jumps-8-as-vaneck-files-first-sol-etf-bid/" rel="noopener noreferrer nofollow">file</a> for the first-ever spot Solana ETF with the U.S. SEC last week. Following reports of the filing, Solana spiked 8%, bucking the bearish trend in the market.</li>
</ul>
<ul>
 <li>A day later, 21Shares, another top asset manager in the spot crypto ETF race, also <a href="https://crypto.news/21shares-files-spot-solana-etf-with-sec/" rel="noopener noreferrer nofollow">filed</a> with the SEC to launch a spot Solana ETF dubbed the 21Shares Core Solana ETF.</li>
</ul>
<h2 class="wp-block-heading" id="other-etf-developments">Other ETF developments</h2>
<ul>
 <li>Meanwhile, as the industry awaits the final approval of spot Ethereum ETFs, Sean Farrell, the Digital Asset Strategy Head at Fundstrat, <a href="https://crypto.news/fundstrat-exec-says-sentiment-around-ethereum-etf-too-bearish/" rel="noopener noreferrer nofollow">emphasized</a> that market sentiments around Ethereum remain largely bearish.</li>
</ul>
<ul>
 <li>In South Korea, the Institute of Finance <a href="https://crypto.news/korea-institute-of-finance-warns-spot-crypto-etfs-can-harm-local-economy/" rel="noopener noreferrer nofollow">stressed</a> that crypto ETFs could pose a risk to the country’s economy. The agency warned that the products could trigger a shift in capital from assets that are capable of generating cash flow.</li>
</ul>
<h2 class="wp-block-heading" id="us-politics">US politics</h2>
<ul>
 <li>U.S. politics made headlines in the crypto community last week. <a href="https://crypto.news/trump-is-in-talks-to-speak-at-bitcoin-2024-in-july-report/" rel="noopener noreferrer nofollow">Reports</a> suggested Republican presidential candidate Donald Trump is considering delivering a speech at this year’s Bitcoin convention scheduled for July in Tennessee.</li>
</ul>
<ul>
 <li>Before the presidential debate last week, Moe Vela, a former advisor to Biden, <a href="https://crypto.news/presidential-debate-may-clarify-crypto-regulatory-approach/" rel="noopener noreferrer nofollow">stressed</a> that the event might not feature any crypto-related questions. However, Vela noted he believes at least one candidate could discuss crypto during the event.</li>
</ul>
<ul>
 <li>Despite the speculation, especially with Trump constantly warming up to the crypto community, neither Bitcoin nor the crypto industry <a href="https://crypto.news/bitcoin-wasnt-mentioned-in-the-trump-v-biden-debate-bitcoin-didnt-care/" rel="noopener noreferrer nofollow">secured</a> a mention in the debate. Interestingly, BTC increased to $62,000 following the event.&nbsp;</li>
</ul>
<ul>
 <li>Following the debate, which involved a supposedly disappointing performance from President Joe Biden, <a href="https://crypto.news/biden-odds-presidential-race-hit-35-percent-polymarket/" rel="noopener noreferrer nofollow">data</a> from Polymarket, a decentralized prediction resource, suggested there was a 35% chance Biden could withdraw from the race.&nbsp;</li>
</ul>
<ul>
 <li>Jesse Powell, former CEO and founder of American exchange Kraken, <a href="https://crypto.news/krakens-powell-donates-1m-to-trump-to-unite-behind-only-pro-crypto-candidate/" rel="noopener noreferrer nofollow">disclosed</a> a donation of $1 million in crypto to the Trump campaign in support of the GOP candidate.</li>
</ul>
<h2 class="wp-block-heading" id="scams-surge">Scams surge</h2>
<ul>
 <li>Reports from last week confirmed a trend of growth in scams within the industry. Bitget <a href="https://crypto.news/deepfake-frauds-in-crypto-spiked-by-245-globally-bitget-says/" rel="noopener noreferrer nofollow">revealed</a> that deepfake scams have increased by a massive 245% in 2024 due to the advent of AI. These deepfake scams have led to over $79.1 billion in losses since 2022.</li>
 <li>Web3 platform Immunefi also <a href="https://crypto.news/crypto-industry-lost-572-7-million-to-hacks-and-scams-in-q2/" rel="noopener noreferrer nofollow">showed</a> that scams across the industry resulted in a loss of $572.7 million in Q2 2024. This represented a 70.3% rise from the losses recorded in the first quarter of the year.</li>
</ul>
<p>Read more: <a href="https://crypto.news/can-trumps-return-to-power-and-pro-crypto-policies-spark-a-historic-bull-run/" rel="noopener noreferrer nofollow"> Can Trump’s return to power and pro-crypto policies spark a historic bull run? </a></p>

SEC sues Consensys, MiCA goes live, VanEck files first-ever Solana ETF | Weekly Recap

목차

crypto.news

2024년 6월 30일에 게재된 다른 기사

Bitcoin Miners Face Sustained Capitulation Amid Falling Prices

SEC Files Lawsuit Against Consensys Over Unregistered Brokerage and Crypto Securities Sales

Hedera's Fortunes Fade: VeChain Investors Disappointed, MoonBag Crypto Poised as the Next Major Coin

Arbitrum, Base, and Optimism See 4x Transaction Growth This Year

Trump the Felon Memecoin Will Explode 18,000% Ahead of KuCoin Listing, as Shiba Inu, Bonk and Dog...

Crypto: Stablecoins in peril with the application of MiCA

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!