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The US Securities and Exchange Commission (SEC) has lost its attempt to classify Binance's native token, BNB, and its stablecoin, BUSD, as securities in secondary markets. Judge Amy Berman Jackson dismissed the SEC's claim based on a previous ruling in the SEC vs. Ripple Labs case. The court stated that determining whether a secondary market sale is classified as an investment contract depends on the specific details and context of each transaction. The court also highlighted inconsistencies in the SEC's argument and noted that more facts are needed to allege an expectation of profits from secondary sales. While the court dismissed the SEC's claim about BNB secondary sales, it mostly ... Website | FAQ | Docs | Statistic | Join

The US Supreme Court's recent decision to overturn the Chevron doctrine has significant implications for federal regulatory power and crypto policy. The ruling dismantles a 40-year-old legal precedent that required courts to defer to federal agencies' interpretations of ambiguous laws. This could impact the SEC's approach to crypto policy and require agencies to exercise more caution in their regulatory reach. The decision may also affect ongoing legal battles between the SEC and major crypto firms. Economist Timothy Peterson sees this as a victory for Bitcoin, as it limits the SEC's interpretive power and could lead to fairer regulations. However, dissenting voices warn of ... Website | FAQ | Docs | Statistic | Join

Jesse Powell, co-founder of the crypto exchange Kraken, has donated $1 million, mostly in Ethereum, to Donald Trump's presidential campaign. Powell believes that Trump is the only major candidate who supports the cryptocurrency industry. He also expressed frustration with the current regulatory environment in the US, particularly with figures like Elizabeth Warren and Gary Gensler, whom he believes are attacking the crypto sector through strict regulations. Powell criticized the Biden administration for allowing unchecked regulation by enforcement, which he believes is damaging the US's competitiveness in the global digital asset market. This donation by Powell follows a similar act ... Website | FAQ | Docs | Statistic | Join

Crypto exchange Coinbase has taken legal action against the US Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) in an attempt to gain access to documents regarding the regulators' stance on crypto regulation. The lawsuits, filed in a Washington, D.C., district court, aim to uncover what Coinbase claims is a coordinated effort by financial authorities to block crypto firms from the US banking system. Coinbase alleges that the SEC and FDIC have refused to provide information requested under the Freedom of Information Act, including details on SEC investigations and FDIC's "pause letters" sent to banks asking for crypto activities to be paused. ... Website | FAQ | Docs | Statistic | Join

In the past week, the crypto market experienced outflows of $584 million, with a total of $1.2 billion leaving the market. This is believed to be a result of investor pessimism regarding potential interest rate cuts by the Federal Reserve. Bitcoin saw the largest outflow, with $630 million withdrawn. However, investors did not increase short positions in BTC. Ethereum also faced a downturn, with outflows of $58 million. On the other hand, certain altcoins like Solana, Litecoin, and Polygon saw inflows after recent price declines. Multi-asset products received $98 million in inflows, suggesting that some investors view the weakness in the altcoin market as an opportunity to buy. The US ... Website | FAQ | Docs | Statistic | Join

YieldMax, a fund group, has filed with the US SEC to launch an Ether Option Income Strategy ETF on the NYSE. 🟦 This move comes ahead of the expected launch of spot Ether ETFs in the US. The ETF will use a synthetic covered call strategy to capitalize on the volatility of underlying spot Ethereum ETFs for income generation. It will be actively managed by Tidal Investments, with sub-advisory services provided by ZEGA Financial. 🟦 YieldMax already offers ETFs focused on specific securities or assets, such as Tesla, Apple, and Amazon. Last year, they launched the Bitcoin Option Yield Strategy ETF. Website | FAQ | Docs | Statistic | Join

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Bitcoin's price dropped to around $64,000, reaching a low of $64,300. This decline coincided with significant withdrawals from US spot Bitcoin ETFs, totaling $139.88 million. Grayscale Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund both experienced outflows of $53 million and $51 million, respectively. However, BlackRock's iShares Bitcoin Trust saw inflows of $1.5 million. This marked the fifth consecutive day of losses for US spot Bitcoin ETFs. One possible factor contributing to the selling pressure is the German government, which has transferred approximately $195 million in Bitcoin to exchanges since June 19. Hedge funds have also reduced their market exposure to Bitcoin to a ... Website | FAQ | Docs | Statistic | Join

📈Bitcoin (BTC) has been under pressure from a downtrend throughout June. However, as noted by trader Rekt Capital, a breakout from this trend could spark a local price reversal and resume BTC's upward movement. 📊The current price action resembles previous 60-day post-halving periods, which might reassure investors concerned about the end of the current bull cycle. Rekt Capital also suggests that Bitcoin could retrace to $64,000 in the coming weeks and slowly climb back to $71,000 by September. 🔄Bitfinex analysts identified pressure on Bitcoin from whales, long-term holders, and miners. Increased BTC inflows to exchanges indicate heightened whale activity, typically preceding price drops. Additionally, an inverse relationship between Bitcoin’s price and miner reserves suggests selling pressure might be nearing a critical point, potentially impacting future market dynamics.

Argentina's President Javier Milei has voiced his support for the use of Bitcoin and other currencies in the country, advocating for free currency competition. Milei believes that Argentinians should have the freedom to choose the currency that best suits their needs. He expressed his commitment to creating a free currency market, allowing individuals to use Bitcoin and other units such as WTI and BTU. Milei sees blockchain technology and Bitcoin as the return of money to the private sector. Many expect his presidency to lead to greater acceptance and integration of crypto assets in Argentina, a country that has struggled with high inflation and peso devaluation. The National ... Website | FAQ | Docs | Statistic | Join