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2024-06-17 20:15:00 Bitcoin Investment Products Saw Over $600M in Outflows Last Week: CoinShares

Bitcoin investment products saw a total of $621 million in outflows last week following mixed economic signals from the U.S, according to asset manager CoinShares. Across the broader digital asset ecosystem, investment products saw net $600 outflows of $600 million, entirely driven by BTC's losses. This was the largest figure since March 22. Grayscale's GBTC was the worst affected, as it often is, experiencing $273 million of outflows.

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2024-06-17 09:32:02 Coinbase Flags Crypto Talent Drain from US Amidst Regulatory Concerns

The report shows a 14-point decline in developer share over 5 years, though top companies are increasingly adopting on-chain solutions. In a report released earlier this week, Coinbase expressed concerns over the declining crypto talent in the US amidst the ongoing increase in general corporate interest. The largest US exchange highlighted the need for regulatory clarity around the crypto realm to keep the talent within the country.

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2024-06-16 10:41:39 Bloomberg Analyst Now Expects Spot Ethereum ETFs to Launch on July 2

Bloomberg’s senior ETF analyst has updated his spot ethereum exchange-traded fund (ETF) prediction. “We are moving up our over/under date for the launch of spot ether ETF to July 2nd,” he said. This revision follows light comments from the SEC Staff on issuers’ S-1 filings. The analyst believes there is a decent chance the SEC will approve the filings next week, aiming to finalize them before the holiday weekend.

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2024-06-15 21:36:49 Binance 'relieved' as Nigeria drops tax charges against its executives

Crypto exchange Binance said it was “relieved” following news that Nigerian authorities had dropped tax charges against its executives Tigran Gambaryan and Nadeem Anjarwalla, with Binance now the sole defendant. Nigeria’s Federal Inland Revenue Service (FIRS) served and filed amended charges today, a Binance spokesperson confirmed, resulting in the tax charges being dropped. The pair still face money laundering charges in the country, alongside Binance.

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2024-06-15 10:31:59 JUST IN: US Congressman Thomas Massie says he decided to introduce a bill to end the Federal Reserve after reading The Bitcoin Standard book

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2024-06-14 10:36:47 CFTC Chair Rostin Behnam tells Senate agency can handle greater crypto responsibilities

CFTC chair Rostin Behnam said the agency is capable of handling additional crypto responsibilities during a hearing before the Senate Committee on Appropriations on June 13. Behnam denied the suggestion that the CFTC would be “biting off… more than it can chew” if it gained additional crypto authority. He asserted that crypto commodities fall under the agency’s responsibilities and described a gap in regulation that can be filled.

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2024-06-13 21:33:59 Ether ETFs Should Be Fully Approved by September, Says SEC Chair Gensler

The final approvals for exchange-traded funds (ETFs) trading Ethereum's ether (ETH) should be finished this summer, U.S. Securities and Exchange Commission Chair Gary Gensler told senators in a budget hearing on Thursday. Gensler told a subcommittee of the Senate Appropriations Committee in a hearing justifying the market regulator's budget that the process is "working smoothly" after the initial approval of a group of ETFs.

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2024-06-13 07:55:45 World's Largest Bank ICBC Sees Bitcoin as Digital Gold — Calls Ethereum 'Digital Oil'

The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their contributions to technological advancements.

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2024-06-12 19:12:18 MetaMask launches pooled staking for Ethereum, excluding US and UK users

MetaMask developer Consensys has launched pooled staking for its popular web3 wallet, enabling users to stake any amount of ether to contribute to Ethereum network security and earn validator rewards. Before the launch, only users with at least 32 ETH (around $113,000), the minimum required by the Ethereum protocol, could stake natively in validators operated by the firm. MetaMask users can unstake their ether at any time, but the process is subject to waiting times that may vary depending on the current Ethereum validator exit queue.

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2024-06-12 09:32:32 Crypto Exchange Crypto.com Secures Spot on Ireland's Virtual Assets Service Provider Register

Crypto.com received approval to register as a virtual asset service provider in Ireland, allowing the crypto exchange to operate in the European Union nation. The company was listed on the register as of June 7 under the name Foris DAX, the Central Bank of Ireland's website shows. Crypto.com will now be able to offer crypto-to-fiat exchanges and fiat wallets, the company said in a statement.

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