The US House Committee on Financial Services has advanced a crypto market structure bill called the Digital Asset Market Clarity (CLARITY) Act, which will soon head to the full House floor for a vote. House Financial Services lawmakers voted 32 to 19 on Tuesday to put the CLARITY Act to a full floor vote after…
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The US Securities and Exchange Commission could start to approve some crypto-tied exchange-traded funds as soon as next month, kicking off an “altcoin ETF summer,” analysts say. Bloomberg senior ETF analyst Eric Balchunas posted to X on Tuesday a note from fellow analyst James Seyffart that said, “ETFs that track broad crypto indexes may be…
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A crypto wallet tied to the defunct dark web marketplace Alphabay was reportedly behind the donation of $31 million worth of Bitcoin to Silk Road creator Ross Ulbricht, according to blockchain analysis. Blockchain analytics firm Chainalysis told WIRED for a June 5 report that it had tied the 300 Bitcoin (BTC) donated to Ulbrich earlier…
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The US Securities and Exchange Commission has been handed a $1.1 million court victory after a man it accused of running a crypto scam failed to answer the agency’s lawsuit. A Georgia federal court judge submitted a default judgment in the SEC’s favor on June 3 in its case against Keith Crews, who failed to…
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The derivatives arm of crypto exchange Crypto.com has sued the Nevada gaming and gambling regulator over its restriction on the trading of sporting event contracts. North American Derivatives Exchange, Inc., which does business as Crypto.com’s North American derivatives business, sued the Nevada Gaming Control Board (NGCB) in the state’s federal court on June 3, claiming…
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South Korea’s opposition leader Lee Jae-myung has been sworn in as president following a decisive victory in a snap election, after promising a raft of pro-crypto policies during his campaign. Lee claimed victory in the June 3 election held six months after the country’s previous leader, Yoon Suk-yeol, declared martial law and threw the nation…
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Large Bitcoin holders have been steadily taking profits after the cryptocurrency recently hit a new peak, continuing a years-long trend of the cryptocurrency’s “big whales” cashing out. Analyst Willy Woo posted to X on June 3 that “big whales” with over 10,000 Bitcoin (BTC) “have been selling since 2017,” answering the question of who is…
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A stablecoin-regulating bill will soon be on the US Senate floor for debate, and crypto lobbying groups have called on lawmakers to focus on passing the bill, as some senators have flagged possible amendments. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act could pass the Senate as soon as this week. It…
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The ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 share split later this month as the fund’s issuer, 21Shares, says it is looking to boost its appeal to retail investors. The stock split is slated for June 16 and is designed to “make shares more accessible to a broader base of investors and enhance…
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Social media platform X is rolling out a new messaging feature, XChats, which owner Elon Musk says will have “Bitcoin-style encryption.” XChat is seemingly a more feature-rich version of the platform’s direct messaging function, which will feature audio and video calling, “encryption, vanishing messages, and the ability to send any kind of file,” Musk said…
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