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[ US government address sends 4,000 BTC to Coinbase Prime ]
Mempool data shows that the US government address sent 4,000 BTC to Coinbase Prime. The US government currently still holds 213,546 BTC (worth $13.07 billion).
[ CryptoQuant CEO: The US government's sale of 4,000 bitcoins is unlikely to have an impact on the market]
CryptoQuant CEO Ki Young Ju posted on the X platform that the US government's sale of 4,000 bitcoins is unlikely to have any impact on the market, because when the inflow of spot ETFs is high, Coinbase Prime can handle 20,000-49,000 BTC of seller liquidity per day, and when the inflow of spot ETFs is low, it can handle 6,000-15,000 BTC of liquidity per day.
Ki Young Ju said: Posting this because I'm tired of the "government sell-out" FUD.
[Reuters: SEC may approve spot Ethereum ETF as early as July 4]
According to Reuters, industry executives and other participants revealed that the U.S. Securities and Exchange Commission may approve a spot Ethereum ETF as early as July 4 as negotiations between asset management companies and regulators enter the final stage.
[The U.S. Department of Justice ruled for the first time that the crypto token HYDRO is a security, and the founder of HYDRO was convicted of securities fraud]
The U.S. Department of Justice announced that it had convicted HYDRO founder Shane Hampton and head of financial engineering Michael Kane of manipulating the price of Hydrogen Technology’s HYDRO token. The law enforcement agency also stated that the two’s actions in selling HYDRO constituted an unregistered investment contract, and the two were sentenced to two years and eleven months and three years and nine months in prison respectively.
The investigation found that the two hired a third-party company, Moonwalkers Trading Limited, to use automated robots to place fake trades worth $7 million and fake orders worth more than $300 million into the HYDRO market.
Nicole Argentieri, head of the U.S. Department of Justice’s criminal division, said: “Shane Hampton, Michael Kane and their co-conspirators used trading robots to manipulate the price of their company’s cryptocurrency to defraud investors. This is the first time a jury in a federal criminal trial has determined that cryptocurrency is a security and that manipulating the price of a cryptocurrency constitutes securities fraud.”
[Source: Ethereum spot ETF S-1 may have another round of revisions and is reasonably expected to be launched in the next two to three weeks]
According to BlockWorks, citing sources, since the changes to the previous round of S-1 were very "minor", the SEC can contact the issuer "at any time" to inform it of the fund issuance date.
A second source familiar with the ETH fund’s filing noted that while the issuer has not received additional comments from the SEC following the latest S-1 adjustments, at least another round of revisions is likely. “The timeline for the launch is unclear, but we reasonably expect it to be launched in the next two to three weeks,” the person added.
But a third source familiar with the documents said approval before July 4 now looked unlikely.
[Crypto investment platform Abra reaches a settlement with 25 U.S. states and will return up to $82 million in cryptocurrency to customers]
Crypto investment platform Abra and its founder and CEO William “Bill” Barhydt have reached a settlement with 25 state financial regulators for operating a mobile app without proper licensing, according to an announcement from the Conference of State Bank Supervisors (CSBS) on Wednesday.
Under the terms of the settlement, Abra will return up to $82.1 million in cryptocurrency to U.S. customers in the settling states. Abra has also agreed to stop accepting cryptocurrency deposits from all U.S. Abra Trade customers and to stop “making, buying, selling, or trading cryptocurrency” for U.S. Abra Trade customers.
Barhydt also agreed not to participate in any remittance or money services business in the 25 states of domicile in any capacity for five years, except as a passive investor.
[ Blast : BLAST token is now online, and the focus of the second phase is to create a full-stack chain]
Blast announced that the BLAST token is now live and users have 30 days to claim the Phase 1 airdrop.
Blast announced that the next phase (Phase 2) will focus on creating a full-stack chain, in which the Blast Foundation will work with the community to create desktop and mobile wallets specifically for cryptocurrencies.
Blast tweeted that Arcade Research has released the Blast app, which community members can use to claim the first phase of airdrops. After claiming, community members can claim ongoing Phase 2 rewards through the app, and the full wallet function will be launched in 4 months. In addition, users should be wary of impersonating Blast accounts to prevent being deceived.
Animoca Brands is considering listing in Hong Kong or the Middle East as early as next year
According to The Information, Yat Siu , co-founder and executive chairman of Web3 gaming software company and venture capital firm Animoca Brands, said Animoca Brands is considering a public listing in Hong Kong or the Middle East as early as next year.
Author: BitpushNews Mary Liu
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