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On-chain analytics platform IntoTheBlock reported in a report released on the 19th that Bitcoin (BTC) surpassed $62,000, causing approximately 88% of Bitcoin holders to turn a profit. IntoTheBlock pointed to $65,000 as the next resistance level and predicted that Bitcoin is likely to transition into a long-term bull market.
2. US court dismisses ConsenSys' SEC lawsuit
A federal court in Texas dismissed a lawsuit filed by Ethereum developer ConsenSys against the Securities and Exchange Commission (SEC) on the 19th. In April, ConsenSys filed a lawsuit against the SEC, citing the SEC's "wells notice" for violating securities laws. The court dismissed the lawsuit filed by ConsenSys, stating that the SEC's wells notice did not represent the agency's final decision and could not define the legal damages to ConsenSys as a result.
3. US SEC requests 4-month extension of Coinbase lawsuit
The SEC filed a four-month extension for its lawsuit against Coinbase, citing the need for additional investigative time, on the 19th in a U.S. court. The SEC emphasized that it would take additional time to review documents in the process of prosecuting Coinbase, and requested that the deadline for discovery of evidence be extended from October of this year to February of next year.
4. BlackRock Cryptocurrency Chief: “Bitcoin, Bull Market in Q4”
Matthew Siegel, BlackRock’s head of cryptocurrency, predicted in a report published on the 19th that the U.S. interest rate cut would lead to a bull market for Bitcoin. He explained that Bitcoin would enter a bull market in the fourth quarter of this year due to the decline in the value of traditional currencies and the supply of liquidity in the cryptocurrency market caused by the U.S. Federal Reserve’s (Fed) interest rate cut.
5. US Bankruptcy Court Approves Bankruptcy Plan: "Terraform Labs to Reduce Operations Following SEC Settlement"
A U.S. bankruptcy court on Tuesday approved Terraform Labs' bankruptcy plan, which proposed winding down its operations after reaching a settlement with the SEC.
Reporter Kwon Seung-won ksw@
