ICO Drops - ICO News & Alerts

A federal judge ruled that the SEC's charges against Binance for the initial coin offering and ongoing sales for BNB, BNB Vault, staking services, failure to register and fraud charges can proceed. She granted Binance and Zhao's motion to dismiss charges tied to secondary BNB sales and Simple Earn. https://www.coindesk.com/policy/2024/06/29/us-judge-lets-most-of-sec-case-against-binance-proceed-dismisses-secondary-sales-charge/

U.S. Treasury Issues Crypto Tax Regime For 2025 The IRS won't call for reporting on most routine stablecoin sales and is putting a $600 annual threshold on NFT proceeds before they need to be reported. https://www.coindesk.com/policy/2024/06/28/us-treasury-issues-crypto-tax-regime-for-2025-delays-rules-for-non-custodians/

The SEC has formally charged Consensys with violating securities laws by operating as an unregistered broker dealer and engaging in the offer and sale of securities through its MetaMask platform. https://x.com/eleanorterrett/status/1806732114056118471

Statistics on the coin listings of Binance, Coinbase and Upbit, the world's three largest cryptocurrency exchanges, so far this year. Only LayerZero (ZRO), OMNI, Render, and Bounce are tokens listed on all three exchanges. https://x.com/wublockchain/status/1806632344364999146

The crypto market is down BTC Dominance - 52.53% Market Cap - $2.28T BTC - $60,793.07 (-1.58%) ETH - $3,388.5 (-2.03%) BNB - $570.9 (-2.05%) ZK - $0.166 (+4.3%) ZRO - $2.59 (+0.47%) STRK - $0.662 (-7.28%) W - $0.3337 (-1.99%) https://dropstab.com

💧Current state of the market in our weekly overview dropstab | icodrops | twitter | telegram

💧 Top Funding Rounds in the Last 7 Days 👉 https://dropstab.com/insights/latest-fundraising-rounds

Kraken founder Jesse Powell donated $1M (mostly ETH) to Donald Trump. https://x.com/jespow/status/1806569144294556146

Coinbase is partnering with Stripe to enable USDC transfers on the Base Network. https://x.com/coinbase/status/1806425092513210492

Biden's campaign staff has hired a member of Coinbase's advisory board as a senior election adviser https://thehill.com/business/4743521-coinbase-adviser-bottoms-biden-campaign/