Regulation
Cryptocurrency News Today – July 18, 2024
Welcome to “Crypto News Today”, your daily digest of the cryptocurrency industry.
Bitcoin and Ethereum See $50M in Short Liquidations
Bitcoin (BTC) and Ethereum (ETH) have seen over $50 million in short liquidations in the past 24 hours, according to data from Coinglass. Bitcoin has seen over $30 million in short liquidations, while Ethereum has accounted for over $21 million. To learn more, visit the TDR website!
Cypherpunk Holdings Provides Update on Solana’s Activities
Cypherpunk Holdings Inc. (CSE: HODL, OTC Pink: CYFRF) has released a corporate update detailing its current Solana holdings and staking activities. The company continues to focus on expanding its presence in the Solana ecosystem.
State Street Explores Creating a Stablecoin
State Street is considering creating its own stablecoin. This initiative is part of the financial institution’s broader strategy to integrate blockchain technology into its services.
US seeks to seize $2.5 million from victims of pig slaughter scam
The U.S. government is seeking to forfeit $2.5 million to compensate victims of a crypto “pig slaughter” scam. Efforts are underway to locate and return the funds to those affected by this fraudulent scheme.
TON Foundation Announces Trustless Bitcoin Bridge
The TON Foundation has announced the development of a trustless Bitcoin bridge. This new technology aims to facilitate seamless interoperability between Bitcoin and The Open Network (TON).
Cryptocurrency OTC Spot Trading Soars 95% in H1 2024
Over-the-counter (OTC) spot trading in the cryptocurrency market increased by 95% in the first half of 2024. This significant increase highlights the growing demand for large-scale private transactions in the cryptocurrency space.
SEC Commissioner Peirce Suggests Reconsidering Staking for Spot Ether ETFs
SEC Commissioner Hester Peirce has indicated that staking for spot Ether ETFs may be reconsidered. This potential policy change could impact the regulatory landscape for Ethereum-based financial products.
Vitalik Buterin Warns Against Supporting Candidates Who Limit Their Positions to Pro-Crypto
Ethereum co-founder Vitalik Buterin has advised against supporting political candidates based solely on their pro-crypto stance. He stresses the importance of considering a broader range of policies and values.
Mark Cuban Links Silicon Valley Support for Trump to Cryptocurrencies
Mark Cuban has suggested that Silicon Valley’s growing support for Donald Trump is largely driven by the cryptocurrency industry. He believes this alignment reflects a strategic move to influence favorable regulations.
Anthony Scaramucci Criticizes Democrats’ Crypto Policies
SkyBridge Capital’s Anthony Scaramucci criticized the Democratic Party’s approach to crypto regulation, calling it a “horrible mistake.” He argued that more supportive policies are needed to foster innovation and growth in the cryptocurrency industry.
Read more cryptocurrency news on the TDR website!