Regulation
Crypto News Today – July 18, 2024
Welcome to “Crypto News Today,” your daily digest of the crypto industry.
Bitcoin and Ethereum See $50 Million in Short Liquidations
According to data from Coinglass, Bitcoin (BTC) and Ethereum (ETH) have seen over $50 million in short liquidations in the past 24 hours. Bitcoin has seen over $30 million in short liquidations, while Ethereum has accounted for over $21 million. Please read all about it on the TDR website!
Cypherpunk Holdings Provides Update on Solana Business
Cypherpunk Holdings Inc. (CSE: HODL, OTC Pink: CYFRF) has released a company update detailing its current holdings and staking activity in Solana. The company continues to focus on expanding its presence in the Solana ecosystem.
State Street Considers Creating a Stablecoin
State Street is exploring the possibility of creating its own stablecoin, part of the financial institution’s broader strategy to integrate blockchain technology into its services.
US seeks $2.5 million forfeiture for victims of pig slaughter scam
The U.S. government is seeking to recover $2.5 million to compensate victims of a “pig slaughter” crypto scam. Efforts are underway to locate and return the funds to those affected by the scam.
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 to Grow 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 crypto 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 Solely for Pro-Crypto Positions
Ethereum co-founder Vitalik Buterin has advised against supporting political candidates based solely on their pro-crypto stances. He stresses the importance of considering a broader range of policies and values.
Mark Cuban Links Silicon Valley’s 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 the alignment reflects a strategic move to influence favorable regulations.
Anthony Scaramucci criticizes Democrats’ cryptocurrency policy
Anthony Scaramucci of SkyBridge Capital criticized the Democratic Party’s approach to cryptocurrency regulation, calling it a “horrible mistake.” He argues that more favorable policies are needed to foster innovation and growth in the cryptocurrency sector.
Read more cryptocurrency news on the TDR website!