Bitpush weekend news review:
[Source: US SEC returns S-1 form to Ethereum spot ETF issuer for further revision]
According to The Block , the U.S. Securities and Exchange Commission has returned the S-1 form to potential Ethereum ETF issuers with a few comments, asking them to fix the issues and resubmit.
Sources said the measures will require at least one more round of review before they can take effect, and issuers have been asked to address the comments and resubmit by July 8. Sources pointed out that once the form is returned, it will not be a final filing, which means at least one more round of filings will be required before the ETF can finally start trading.
[Bloomberg analyst: It is expected that the listing time of the spot Ethereum ETF will be postponed to after July 8]
Eric Balchunas, ETF analyst at Bloomberg, wrote on the X platform, “It looks like we will have to postpone the expected listing of the spot Ethereum ETF until after the holiday. I heard that the SEC took more time to respond this week (although it was only some very minor adjustments), and from what I heard, it should be impossible to encounter the holiday next week until July 8, when the approval process will resume, and then they will start soon.”
[US judge allows SEC to continue hearing most cases against Binance and dismisses secondary sales charges]
According to Coindesk , a U.S. federal judge dismissed part of the U.S. Securities and Exchange Commission's (SEC) lawsuit against the cryptocurrency trading platform Binance and its founder CZ. The SEC's initial token offering and BNB's continued sales, BNB Vault, pledge services, unregistered and fraud charges against Binance can continue. In addition, the judge approved Binance and CZ's motion to dismiss charges related to secondary market BNB sales and Simple Earn.
The judge scheduled a hearing for July 9.
[Venture capital Kingsway Capital disclosed that the largest token currently held is TON]
According to The Block, after Pantera Capital disclosed its investment in TON tokens, Manuel Stotz, founder and CEO of Kingsway Capital, also revealed that TON is the institution’s largest token holding to date, and that the venture capital firm began purchasing TON tokens two years ago (earlier than Pantera Capital).
Ryze Labs (formerly Sino Global Capital) has also invested heavily in TON tokens. Its founding and managing partner Matthew Graham said that Ryze Labs has been a "big buyer" of TON. In addition, Yat Siu of Animoca Brands said that he had previously purchased the token when the price of TON was less than $1, and then increased his position at $1, $1.5 and $2.
[WLD will usher in a large amount of linear unlocking starting from July 24, with a daily unlocking value of approximately US$18 million]
According to Token.unlocks data, WLD will usher in a large amount of linear unlocking starting from July 24, with 6.62 million WLD tokens unlocked daily, equivalent to about 18 million US dollars, and the unlocking will last for 730 days, including community unlocking, initial development team unlocking and investor unlocking.
[Barstool Sports founder: If Bitcoin falls to $40,000, the company will buy $10 million worth of Bitcoin]
Dave Portnoy , founder of media giant Barstool Sports, said on social media: "If the price of Bitcoin reaches $40,000, the company will buy $5 million to $10 million worth of Bitcoin, but not at $60,000."
Dave Portnoy added that he already owns a large amount of personal bitcoin, so the potential purchase would be a corporate move.
[ Vitalik Buterin : Current crypto regulation creates “anarchic tyranny”]
In a reply to a user on social media platform Warpcast , Vitalik Buterin described a situation where current regulations have essentially “backed honest cryptocurrency developers into a corner.”
Vitalik Buterin said: The main challenge of cryptocurrency regulation (especially in the United States) has always been this phenomenon. If you do something useless, or you ask people to give you money in exchange for a vague mention of potential returns, then you are free and innocent, but if you try to clearly explain to your customers where the returns come from and promise them what rights they have, then you are finished because it is considered a "security." The incentive gradient created by this "anarchic tyranny" will ultimately be worse than pure anarchy or pure tyranny.
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