Ethereum developer Consensys said on the X platform: "Ethereum has withstood the SEC's test. Today we are pleased to announce a major victory for Ethereum developers, technology providers, and industry participants: the SEC Enforcement Division has notified us that it is closing its investigation into Ethereum 2.0. This means that the SEC will not charge that the sale of Ethereum is a securities transaction. This decision follows our June 7 letter, in which we asked the SEC to confirm that the approval of the Ethereum ETF in May was based on the premise that Ethereum is a commodity, which means that the agency will end its investigation into Ethereum 2.0. Closing the investigation into Ethereum is significant, but it does not solve the pain that many blockchain developers, technology providers, and industry participants have suffered under the SEC's unlawful and aggressive crypto enforcement regime."
Later in the day, a Fox reporter stated that Consensys will still face charges from the US SEC due to the Swap transactions and staking functions of the MetaMask wallet.
People familiar with the matter: Ethereum ETF issuers will respond to US SEC comments by Friday
According to The Block, two people familiar with the matter said that potential Ethereum spot ETF issuers received comments on the S-1 form from the U.S. Securities and Exchange Commission (SEC) last week and plan to submit responses by Friday this week. A source from an issuer said that the latest round of comments was "reasonable" and they look forward to approval soon. In May of this year, the Ethereum spot ETF 19b-4 form was approved, and then the issuer submitted the first round of S-1 draft forms. SEC Chairman Gary Gensler said that the time to approve the S-1 form will largely depend on how quickly the issuer responds to the SEC's feedback.
Trump: If elected, he will immediately replace Biden economics with MAGA economics
In his latest speech, Trump said that if elected president, he would repeal Bidennomics on his first day in office and replace it with MAGA economics.
Multiple U.S. states have revoked or refused to renew Binance US’s money transmission license
According to Bitcoin.com, due to compliance issues and legal troubles involving former Binance CEO CZ(CZ), several U.S. states have taken action to revoke or refuse to renew Binance US's money transmission license. North Dakota financial regulators announced that the state has joined Alaska, Florida, Maine, North Carolina and Oregon in taking similar actions to revoke or refuse to renew BAM Trading Services' money transmission license.
The North Dakota Department of Financial Institutions stated in an announcement on Monday that the commissioner found that BAM Trading Services, Inc. (the operating entity of Binance US) failed to comply with the state's laws and that the majority equity beneficiary and controller, CZ, had pleaded guilty to felony charges under the U.S. Anti-Money Laundering Act. Earlier news, CZ is currently serving a four-month sentence. As part of a settlement agreement with the U.S. Department of Justice (DOJ), he pleaded guilty to violating the Bank Secrecy Act and agreed that Binance would pay a fine of up to $4.3 billion.
Other states have also taken similar regulatory actions against Binance US. In November last year, Florida suspended Binance US's license shortly after CZ pleaded guilty; in January this year, Alaska refused to renew its license; subsequently, North Carolina and Maine took similar measures on January 23 and January 29, respectively; while Connecticut and Oregon suspended or revoked Binance US's license on April 24 and April 30, respectively.
Fed officials continue to downplay urgency of rate cuts
According to Jinshi.com, the third-in-command of the Federal Reserve, Williams, said that inflation will continue to fall and interest rates will fall in the next few years; Richmond Fed President Barkin believes that a scenario of cutting interest rates once and then keeping them unchanged may be reasonable; Boston Fed President Collins pointed out that the Federal Reserve should not overreact to optimistic data for one or two months and may cut interest rates once or twice this year; Federal Reserve Board member Kugler said that the long-term neutral real interest rate is not particularly helpful for policy making, and it is appropriate to cut interest rates later this year; Dallas Fed President Logan said that it would take "a few more months" to be confident that inflation is moving towards 2%; St. Louis Fed President Musallem: It may take "several quarters" to see data that supports a rate cut.
Jameson Lopp, co-founder of Bitcoin custody company Casa, issued a reminder on the X platform that any LND node (Lightning Network node) version operator before 0.17.0 should update immediately to patch a serious vulnerability. In addition, according to information shared by X platform user @DavidShares, LND versions before 0.17.0 are vulnerable to malicious DoS attacks. Running an old version of LND puts funds at risk because attacks are easy to occur. Because the attack is low-cost and simple, the severity is high. This serious vulnerability was discovered a year ago, in June 2023.
Arthur Hayes says he is increasing his holdings of PENDLE and DOGE
Arthur Hayes, founder of BitMEX, said on the X platform: "I like this kind of volatile sideways trend that leads to the decline of the price of shit coin. I am increasing my holdings of PENDLE and DOGE."
ZachXBT: Martin Shkreli claims to be the issuer of Trump-themed token DJT
ZachXBT, an on-chain detective, said on the X platform: “Martin Shkreli sent me an urgent private message after I announced the application for a bounty for the issuer information of the Trump-themed token DJT to Arkham, and then temporarily issued a statement announcing that he had issued the token.” In addition, Bo Loudon, a well-known Trump supporter, has deleted the post “DJT is the only real Trump token.”
In response to the Sybil review and airdrop qualifications, Bryan Pellegrino, CEO of LayerZero Labs, posted an update on the X platform saying that the finishing work is still in progress and it is expected to take about 45 minutes (according to the time of posting, it is estimated that there are about ten minutes left). Please do not connect your wallet. There is a verification website where users only need to enter their address. Do not connect anything. There are also some wallets that need to be excluded, such as compliance wallets, deployer wallets, etc. - in the next 48 hours, as these wallets are removed, the user's final allocation may increase slightly. But it will definitely not decrease. The link will come directly from @LayerZero_Fndn (LayerZero Foundation).
Later in the news, LayerZero CEO said that it would take some time for the final data to be released, as the data was still being processed due to server problems.
Coinbase will delist COVAL, RAI and wAMPL and will suspend SNX trading for New York users
Coinbase Assets announced on the X platform that the platform regularly monitors the exchange's assets to ensure that they meet the platform's listing standards. Based on the recent review, the platform will suspend trading in Circuits of Value (COVAL), Rai (RAI), and Wrapped Ampleforth (wAMPL) at approximately 02:00 Beijing time on July 20. Trading on Coinbase.com (simple and advanced trading), Coinbase Exchange, and Coinbase Prime will be suspended. COVAL, RAI, and wAMPL order books have been moved to limit mode. Limit orders can be placed and canceled, and matching may occur. In addition, Coinbase will suspend Synthetix (SNX) trading for New York users at approximately 02:00 Beijing time on July 20. Trading will be suspended for New York users on Coinbase.com (simple and advanced trading), Coinbase Exchange, and Coinbase Prime. Synthetix (SNX) trading is still available in supported regions.
Bitwise Submits Revised S-1 for Ethereum ETF, Disclosing Seed Fund Information
According to The Block, Bitwise has submitted a revised S-1 filing for an Ethereum spot ETF to the U.S. Securities and Exchange Commission (SEC), which disclosed some new details, including a $2.5 million seed fund. Bitwise said Pantera Capital is interested in purchasing up to $100 million in shares. Bloomberg ETF analyst James Seyffart predicts that the Ethereum spot ETF will be launched before July 4, but this depends on the U.S. SEC.
Bloomberg Analyst: Hashdex Submits Application for Bitcoin and Ethereum Dual ETF
Bloomberg ETF analyst James Seyffart tweeted that crypto asset management company Hashdex has submitted an application for a dual ETF of Bitcoin and Ethereum, which will be weighted by market capitalization. The U.S. Securities and Exchange Commission (SEC) is expected to make a final approval decision by early March 2025. The ETF also contains provisions that allow other digital assets to be added, provided that these assets are approved by the SEC. Currently, Hashdex already has a crypto index ETF in Brazil, code $HASH11, with 90% of its assets allocated to Bitcoin and Ethereum.
Circle Launches Circle Credits Program, a Developer Support Program
Circle announced the launch of the Circle Credits Program, a developer support program that aims to provide financial support to Web3 developers and focus on building the best on-chain applications. According to the official tweet of Circle Developers, the program provides developers with credits to pay for Web3 service bills including monthly fees for programmable wallets, fees for API calls on smart contract platforms, and fees for Gas Station network and platform. Developers can perform basic construction and experiments on the free layer. When the project is ready to be promoted to a higher level, they can apply for the Circle Credits Program to obtain higher credit support to enter the "Build" and "Scale" layers.
BNB Chain to launch BEP-336 on June 20, introducing “Blob Transactions” to reduce transaction costs
BNB Chain announced that it will soon usher in a major upgrade - BEP 336. This revolutionary improvement is inspired by Ethereum EIP 4844 and will optimize data storage and processing by introducing "Blob Transactions" (BlobTx), which is expected to significantly reduce transaction costs by up to 90% and improve network performance. BEP-336 will be officially launched through the Haber hard fork, which is expected to take place on June 20, 2023.
Lista: The airdrop allocation will be available tomorrow, and will be open for claiming on June 20
Lista DAO announced that its Token Generation Event (TGE) is coming soon. 10% of the total supply of LISTA tokens will be used for airdrops, of which 8.5% will be distributed when the token is launched, and the remaining 1.5% will be distributed in subsequent airdrop activities. Users can view the airdrop allocation quota through the Lista DAO website at 17:00 (Beijing time) on June 19, and can claim tokens from 17:00 on June 20, with a validity period of 30 days and a deadline of 16:59 on July 19. Unclaimed tokens will be used to support the development plan of the ecosystem.
According to The Block, Solana's Layer 2 project Sonic, which focuses on gaming, has raised $12 million in a Series A round of financing. This round of financing was led by Bitkraft Ventures, with participation from Galaxy Interactive, Big Brain Holdings, Matt Sorg (Solana's founding team), Nom (Bonk) and other institutions and individuals. The project began raising funds for this round of financing in April and ended earlier this month. Zhu said that this round of financing adopts an equity structure and comes with token warrants, bringing Sonic's fully diluted valuation to $100 million. This round of financing will be used to promote Sonic's product upgrades and ecological expansion. As part of the transaction, Bitkraft joined Sonic's board of directors. The Series A financing brings Sonic's total financing to $16 million, after the company raised $4 million in a seed round in 2022. Sonic's mainnet and its own tokens are expected to be launched in the third quarter of this year.
According to CoinDesk, the liquidity re-pledge protocol Renzo announced the completion of $17 million in financing. This round of financing is divided into two parts, the first round was led by Galaxy Ventures, and the second round was led by Brevan Howard Digital Nova Fund. This fund will be used to expand Renzo's re-pledge service, especially to increase support for ERC-20 tokens. Renzo is a new "re-pledge" protocol based on EigenLayer, which uses the ETH pledged by users on the Ethereum blockchain to generate income and returns Renzo's liquidity re-pledge token ezETH. EigenLayer previously stated that it would accept the ERC-20 token EIGEN for the security of its internal AVS EigenDA, and Renzo's competitor Symbiotic also plans to accept ERC-20 tokens $ENA and $USDe. Lucas Kozinski, a founding contributor of Renzo, pointed out that this trend is expanding to the Bitcoin ecosystem and non-EVM chains.
According to The Block, CleanSpark, a US Bitcoin mining company, announced that it has acquired five Bitcoin mining farms in Georgia for $25.8 million in cash, with a total power of 60 megawatts (MW). The five mining farms acquired this time range in size from 8MW to 15MW, with a cost of approximately $430,000 per MW. CleanSpark plans to deploy its previously booked Antminer S21 Pro mining machines in these mines, which are expected to add 3.7 EH/s of computing power after full installation. CleanSpark is the third largest publicly listed Bitcoin mining company in the United States. As of May, the company has achieved a computing power of approximately 17 EH/s and operates approximately 300MW of mining farms in Georgia.
Data: Grayscale GBTC net outflow of $62 million on June 18
According to HODL15Capital monitoring, on June 18, Grayscale GBTC had a net outflow of US$62 million, and Bitwise BITB had a net outflow of US$7 million.
A whale bought 16,604 ETH in the past 19 days, equivalent to about 58.23 million US dollars
According to on-chain analyst Yu Jin, a whale has withdrawn 16,604 ETH (about 58.23 million USD) from Binance in the past 19 days, with an average withdrawal price of about 3,602 USD. The last time he withdrew 3,600 ETH (about 12.69 million USD) from Binance was half an hour ago.
Nvidia's market value surpasses Microsoft and Apple, becoming the world's largest
According to Jinshi, after rising more than 3% on Tuesday, Nvidia's market value has reached 3.335 trillion US dollars, surpassing Microsoft and Apple to become the world's most valuable listed company.
PANews APP has updated its functions, download and experience it now!
【Comment】Speak freely and exchange views
【Floating window】Reading interrupted, return at any time
【Search within the article】Quickly locate and get to the core
