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Crypto whales have been gobbling up an Ethereum (ETH)-based fan engagement token, according to the analytics firm Santiment. Chiliz (CHZ) is a web3 infrastructure provider for sports and entertainment. The project’s native token, CHZ, is up nearly 2% in the past 24 hours, more than 14% in the past week and more than 27% this […]

The post Crypto Whales Abruptly Accumulate Ethereum-Based Altcoin Sending Volume to Highest Level in 22 Months: Santiment appeared first on The Daily Hodl.

JPMorgan Chase has issued a rare admission of guilt and agreed to pay a $100 million fine to a US market regulator. The Commodity Futures Trading Commission (CFTC) says the trillion-dollar bank admits that it failed to monitor billions of orders from its traders and clients – a mandatory process designed to detect market misconduct. […]

The post JPMorgan Chase Paying $100,000,000 Fine, Issues Rare Admission of Guilt in Settlement With US Financial Regulator appeared first on The Daily Hodl.

The sixth-largest stock exchange in the world has officially begun trading Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETNs). According to the London Stock Exchange (LSE), today marks the launch of ETH and BTC ETN trading. “We are pleased to announce the launch of Crypto ETNs on the London Stock Exchange, effective 28 May 2024, […]

The post UK’s First Spot Bitcoin and Ethereum ETPs Begin Trading on the London Stock Exchange appeared first on The Daily Hodl.

The civil lawsuit initially filed by the commission in 2023 ended on May 28, with a judge ordering the SEC to pay attorney and receivership fees.

A federal judge has ordered the United States Securities and Exchange Commission (SEC) to pay roughly $1.8 million in attorney and receivership fees related to the regulator’s civil case against Digital Licensing, the firm doing business as Debt Box.

In a May 28 filing in the U.S. District Court for the District of Utah, Judge Robert Shelby signed off on an order requiring the SEC to pay roughly $1 million for attorney fees and costs and $750,000 for receiver fees and costs. The order came the same day as one dismissing the case without prejudice.

The judge cited a March ruling in which a court found the SEC “engaged in bad faith conduct” over a temporary restraining order to freeze Debt Box’s assets. The firm later filed documents with the court claiming that the commission’s information was inaccurate, leading to the threat of sanctions.

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What will Ethereum ETFs mean for your favorite altcoin projects? Some will clearly benefit, but others — like Solana — may lose.

Ethereum’s (ETH) price action has surprised just about everyone after the unexpected news that the application process was moving forward for spot Ether exchange-traded funds (ETFs). Most investors had well and truly resigned themselves to the fact that the Securities and Exchange Commission (SEC) would almost certainly reject the applications.

So, when Bloomberg’s esteemed ETF analysts suddenly upped their odds of an approval from 25% to 75%, ETH experienced the kind of daily price surge we hadn’t seen for quite some time. As rumors circulated, ETH’s price soared past multiple support levels, jumping some 20% to top $3,800.

This welcome — if unexpected — rally shows just how high the stakes are with the spot ETH ETF approval. Indeed, this means far more for decentralized finance (DeFi) than the approval of the spot Bitcoin ETFs. While the BTC ETFs cemented Bitcoin as an institutional asset, an ETH ETF would legitimize altcoins and propel them on the next leg of the bull market rally. Here’s what I think will happen now that the SEC has given a green light to the ETH ETF applications today.

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Former CEO Changpeng Zhao cannot be Binance’s beneficiary if it wants to keep its French license.

Binance France has new shareholders who own 100% of the company equally between them. The move was necessary after the country’s Financial Markets Authority (AMF) sent the company a warning in December.

According to a blog post, the AMF informed Binance France that it had to take action in response to the problems that arose between the original beneficial owner and the United States Justice Department, Commodity Futures Trading Commission (CFTC) and the Treasury’s Financial Crimes Enforcement Network. In other words, former Binance CEO Changpeng Zhao could no longer own the company.

The post indicated that Zhao had already withdrawn from the company. He pleaded guilty to the U.S. charges in November and has been sentenced to four months in prison in the United States, although he has yet to begin his prison term.

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U.S. authorities had requested a judge impose a sentence of five to seven years on the former FTX Digital Markets co-CEO, but one ordered Ryan Salame to spend 90 months in prison.

Months after his guilty plea to prosecutors, former FTX Digital Markets co-CEO Ryan Salame learned he would likely be spending more than seven years in federal prison after pleading guilty to two felony charges.

On May 28, Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York considered sentencing recommendations from Salame’s legal team and prosecutors and ordered the former FTX executive to spend 90 months in prison. The judge’s decision reflected more time behind bars than even prosecutors recommended — up to seven years — and was considerably higher than what Salame’s lawyers requested: 18 months.

Taking to X for the first time since November 2022, Salame said the situation was “going to get interesting quickly” without directly referring to his sentencing and suggested he had no plans to flee the United States as “family [was] more important than anything.” A May 14 court filing stated that Salame had a child with his partner, Michelle Bond, in November 2023.

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The new Bitcoin Hashrate Futures, a regulated derivative for hedging and investing in Bitcoin mining, is now available in the US.

The post Luxor and Bitnomial launch first Bitcoin mining derivative in the US appeared first on Crypto Briefing.

European Union (EU) researchers think the convergence of blockchain technology and artificial intelligence (AI) could have “significant potential.” In a new report, the EU’s Blockchain Observatory and Forum (EUBOF), an initiative that monitors distributed ledger developments across the continent, probed the current regulatory status of crypto assets in the 27 EU member states, as well […]

The post European Commission Arm Says Convergence of Blockchain and AI Is ‘Upcoming Trend’ To Watch appeared first on The Daily Hodl.

A popular crypto analyst says technical indicators are suggesting altcoins are about to go parabolic. Pseudonymous analyst TechDev tells his 452,400 followers on the social media platform X that several indicators suggest the crypto market is replicating a 2020 pattern that led to a massive bull cycle. “The entire crypto market has just begun its […]

The post Altcoins Poised To Rip in First Major Market Expansion Since 2021, According to Crypto Analyst – Here’s His Outlook appeared first on The Daily Hodl.

Investor scores a 41,900% profit on SHIB, turning $2,625 into $1.1 million, amidst a fluctuating meme coin market.

The post SHIB whale realizes 41,900% profit after three years appeared first on Crypto Briefing.

New York Attorney General (NYAG) Letitia James is issuing a warning to crypto companies, saying that she will pursue those who act in violation of the law. In a post on the social media platform X, James says her sights are locked on erring digital asset firms. “Crypto companies must play by the same rules […]

The post New York Attorney General Says She Will ‘Go After’ Crypto Companies Who Don’t Play by the Rules appeared first on The Daily Hodl.

Digital assets manager CoinShares says institutions poured over a billion dollars into crypto products last week amid the U.S. Securities and Exchange Commission’s (SEC) Ethereum (ETH) exchange-traded product (ETP) approval. In its latest Digital Asset Fund Flows report, CoinShares says digital asset investment products reached a new record last week when crypto exchange products reached $14.9 billion […]

The post Weekly Institutional Investments Push Year-to-Date Inflows to Record High of $14,900,000,000: CoinShares appeared first on The Daily Hodl.

Bitcoin touched the $67,409 level early Tuesday on news that former crypto exchange Mt. Gox rearranged nearly $10 billion in BTC. Mt. Gox was at one point the world’s largest Bitcoin exchange before abruptly going bankrupt and “losing” most of its coins due to theft. The exchange ultimately recovered most of its coins and has […]

The post Bitcoin Corrects As $9,666,000,000 Worth of Mt. Gox Coins Suddenly Start Moving appeared first on The Daily Hodl.

Argentinian government officials met with El Salvador’s top crypto regulator last week to discuss the role of digital assets in society. Roberto E. Silva and Patricia Boedo, the president and vice president of the Comisión Nacional de Valores’ (CNV), Argentina’s market regulator, spoke with Juan Carlos Reyes, president of the National Commission of Digital Assets […]

The post Argentinian Regulators Meet With El Salvador Official To Explore Bitcoin and Crypto Adoption appeared first on The Daily Hodl.

BTFS announces a reward halving for storage miners starting June 25, aiming to optimize network growth and node performance.

The post Halving of BTFS Storage Rewards appeared first on Crypto Briefing.

Ryan Salame, former FTX executive, sentenced to 90 months for fraud and unlicensed money transmission, faces $11M in penalties.

The post Ex-FTX exec Ryan Salame sentenced to nearly 8 years, fined $11 million appeared first on Crypto Briefing.