Altcoin Alley • Calls | Web3 | DeFi

2024-06-22 16:08:12 Two U.S. lawmakers, French Hill and Chrissy Houlahan, have added their voices to calls for the release of jailed Binance executive Tigran Gambaryan.

The lawmakers made this call shortly after visiting Gambaryan at Nigeria’s notorious Kuje Prison.

Hill believes that Gambaryan is being wrongfully detained on charges related to money laundering. Open / Comment

2024-06-22 11:14:54 According to supplemental disclosures in Grayscale’s Ethereum Trust 8-K report, submitted to the U.S. Securities and Exchange Commission (SEC) on June 20, the trust’s inability to utilize its ethereum for staking services places its shares at a “comparative disadvantage.” Open / Comment

2024-06-22 00:59:49 The U.S. District Court for the Northern District of California has issued an order granting in part and denying in part the motion for summary judgment in a lawsuit concerning allegations of securities law violations against Ripple Labs, XRP II, and Ripple CEO Brad Garlinghouse. Open / Comment

2024-06-21 16:52:42 Binance supports USDT on TON Blockchain

Good news for TON Holders Open / Comment

2024-06-21 08:57:14 India’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations.

Binance’s return to India is seen as challenging, especially after the government’s tax measures significantly reduced daily trades on some major local crypto exchanges.

This fine follows Binance’s global scrutiny and former CEO Changpeng Zhao (CZ)’s legal issues. Open / Comment

2024-06-21 00:20:11 Vitalik Buterin, one of Ethereum’s co-founders, answered the criticism regarding the new institutional focus of blockchain and cryptocurrency projects.

Buterin told Joe Weisenthal, co-host of Bloomberg’s financial podcast Odd Lots, that crypto culture “idealistic hippies” were still in the space, and that projects in this regard have moved forward quite a bit, citing Lens and Farcaster as examples. Open / Comment

2024-06-20 22:58:26 Amid a general downturn in the cryptocurrency market, meme coins have experienced notable losses over the past week.

Dogecoin and Shiba Inu declined by 13.9% to 15.6% respectively in the last seven days, while presidential meme coins such as TRUMP and BODEN also suffered substantial double-digit losses. Open / Comment

2024-06-20 19:47:36 According to a local report, the Japan-based crypto exchange Bitflyer has acquired the failed Japanese unit of FTX.

The report indicates that arrangements are currently underway to take over the business. Open / Comment

2024-06-20 18:21:10 This month, several cryptocurrency exchanges are delisting certain stablecoins to align with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which establish more stringent rules for fiat-backed and algorithmic stablecoins in the European Economic Area (EEA).

Uphold announced it will delist a selection of stablecoins on July 1, and Binance has recently removed stablecoin funding from its derivatives products in the EEA. Open / Comment

2024-06-20 14:05:09 Bank of America report shows younger affluent individuals favor crypto and alternative investments, differing from older generations’ traditional focus.

“In fact, the most ‘conservative’ group is holding the highest average exposure to crypto,” the bank said. Open / Comment