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• Jun 27, 4:00 PM Crypto Briefing

  VanEck proposes first US Solana ETF as SOL price surges

  Solana's price leapt nearly 10% reaching $151 after VanEck filed with the SEC to launch the first US Solana ETF, marking it as a commodity. This development highlights Solana's attributes of scalability, speed, and low transaction costs, suggesting a growing institutional interest in crypto assets like Solana and Ethereum in the US market.

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• Jun 27, 3:44 PM CoinDesk

  Supreme Court rules against SEC's use of in-house tribunals

  The US Supreme Court has decided, in a 6-3 vote, that the SEC's employment of in-house judges breaks constitutional rights by denying jury trials. Previously allowed by the 2010 Dodd-Frank Act, this decision mandates the SEC to now pursue all securities fraud cases in federal courts, impacting other federal regulators relying on similar internal enforcement methods. This ruling curtails the SEC's internal adjudication abilities, significantly affecting its handling of cases related to financial securities, including past crypto-related lawsuits.

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• Jun 27, 3:05 PM Cointelegraph

  Biden and Trump set for presidential debate potentially featuring crypto discussion

  In an unprecedented move, US President Joe Biden and former President Donald Trump are scheduled for a debate on June 27 at CNN’s Atlanta studios, where crypto might be discussed for the first time in US presidential debate history. With Trump reversing his stance to embrace crypto-friendly policies and Biden continuing a regulatory approach, the crypto community anticipates significant attention during the debate. Amidst heightened crypto advocacy, this debate could shape future US crypto policy landscapes.

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• Jun 27, 3:05 PM Cointelegraph

  Biden and Trump set for presidential debate potentially featuring crypto discussion

  In an unprecedented move, US President Joe Biden and former President Donald Trump are scheduled for a debate on June 27 at CNN’s Atlanta studios, where crypto might be discussed for the first time in US presidential debate history. With Trump reversing his stance to embrace crypto-friendly policies and Biden continuing a regulatory approach, the crypto community anticipates significant attention during the debate. Amidst heightened crypto advocacy, this debate could shape future US crypto policy landscapes.

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• Jun 27, 1:50 PM Crypto Briefing

  VanEck seeks to launch the first Solana ETF in the US

  Asset manager VanEck has filed for the first Solana (SOL) exchange-traded fund (ETF) in the US, aiming to enhance crypto investment options by treating SOL as a commodity. The move follows VanEck's successful launch of the Bitcoin ETF in Australia and an awaiting Ethereum ETF in the US. Matthew Sigel, Head of Digital Assets at VanEck, emphasized Solana's unique blockchain features, such as scalability and low costs, which positions SOL similarly to other significant digital commodities like Bitcoin and Ethereum.

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• Jun 27, 9:48 AM Coindesk

  Galaxy predicts $5B in net inflows for Ether spot ETFs in first five months

  Galaxy anticipates significant investor interest in Ether spot ETFs, expected to generate approximately $5 billion in net inflows over the initial five months following their approval, with a considerable share of demand coming from independent investment advisors and broker/dealer platforms. Despite challenges such as the absence of staking rewards and the potential drag from outflows from the Grayscale Ethereum Trust, Ether’s unique market position, with a large portion of its total supply locked up, makes it particularly sensitive to ETF-related inflows, differentiating it from Bitcoin spot ETFs. SEC approval could further boost the trading of these ETFs as early as July.

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• Jun 27, 7:10 AM Bitcoin Sistemi

  SEC nears approval for Ethereum spot ETFs with possible July 4 start

  The US Securities and Exchange Commission (SEC) is expected to approve several spot Ethereum ETFs by July 4, as final negotiations with asset managers conclude. This development follows the SEC's recent approval of registration statements for multiple Ethereum ETF initiatives. SEC chairman Gary Gensler confirmed that the approval process is progressing smoothly.

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• Jun 27, 12:00 AM Crypto Briefing

  Coinbase maintains support for OCEAN and FET amidst ASI token merger

  Coinbase has announced that while it will continue to support trading for Ocean Protocol (OCEAN) and Fetch.ai (FET) tokens, it will not handle user migrations in the upcoming ASI token merger slated for mid-July. Instead, Coinbase encourages users to manage migrations using self-custodial wallets, such as Coinbase Wallet. The ASI merger, involving a consolidation of OCEAN, FET, and SingularityNET (AGIX) into a new token to foster decentralized AI development, contrasts with other major exchanges that will facilitate the token transitions directly.

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• Jun 26, 5:20 PM Crypto Briefing

  US government moves 4,000 BTC to Coinbase amid market pressure

  The US government transferred approximately 3,940 Bitcoin, valued at around $241 million, to Coinbase from a wallet associated with the Silk Road seizure. This move, part of broader activities involving large-scale crypto transactions by the government, could potentially influence Bitcoin's market dynamics as it adds to the selling pressure following similar transfers by other entities and ongoing payouts from the Mt. Gox repayment plan.

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• Jun 26, 4:22 PM Cointelegraph

  Animoca Brands eyes 2025 for stock market return, explores new regions

  Animoca Brands, a leading name in gaming and the metaverse, is considering a 2025 return to the public market, focusing on crypto-friendly areas like Hong Kong and the Middle East for its potential listing. The company, delisted by the Australian Securities Exchange in 2020 over crypto compliance issues, is also engaging in new funding strategies, including the tokenization of a historic violin for a multimillion-dollar loan. Amidst a fluctuating valuation, impacted by broader market downturns, Animoca continues to seek investments and adapt its financial strategies to navigate through challenging times in the crypto and gaming industries.

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• Jun 26, 2:20 PM Crypto Briefing

  Ripple Labs CEO claims SEC chairman Gensler's crypto stance could cost Biden the election

  Ripple Labs CEO Brad Garlinghouse criticized SEC Chairman Gary Gensler's approach to crypto regulation, suggesting it might jeopardize President Joe Biden's reelection. According to Garlinghouse, Gensler's negative remarks about crypto executives and an alleged lack of oversight on major crypto firms represent a failure to protect American investors and could influence the upcoming election outcome.

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• Jun 26, 1:16 PM Defiant

  CertiK faces allegations of front-running bug bounty claims via OpenBounty

  CertiK, a major player in smart contract auditing, is accused of misusing its OpenBounty platform to preemptively access and claim rewards from bug bounty reports, thereby breaching several crypto protocols' terms of service. This controversy follows recent criticism of CertiK for exploiting a vulnerability in Kraken’s system and the perceived inadequacy of their security audits.

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• Jun 26, 12:53 PM Crypto Briefing

  Bitwise CIO predicts $15 billion in inflows to Ethereum ETF by mid-2025

  Matt Hougan, Chief Investment Officer at Bitwise, forecasts that Ethereum (ETH) exchange-traded products (ETPs) will attract $15 billion in net inflows within the first 18 months post-launch. Despite Ethereum's market cap being a substantial $432 billion, Ethereum ETPs are currently underperforming vis-a-vis Bitcoin ETPs in asset inflows, which are estimated to surpass $100 billion by 2025. Hougan emphasizes the potential for substantial asset inflow into Ethereum ETPs, aiming for an approximate parity with Bitcoin at around $35 billion; however, he notes the diminished profitability of the Ethereum carry trade, prompting a conservative estimation of inflows.

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• Jun 26, 5:41 AM The Block

  VanEck aims to attract Ethereum ETF investors by waiving initial fees

  VanEck plans to waive the initial fees for its upcoming spot Ethereum ETF to become a competitive leader in crypto ETF fees. The firm's strategy includes capturing high decentralized finance volumes to offset early financial losses. This incentive aims to draw more investors to consider Ethereum’s role in their portfolios, following recent US regulatory advancements towards trading approvals.

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• Jun 25, 11:19 PM Cryptoslate

  SEC chair Gensler highlights compliance issues and centralization in the crypto sector

  Gary Gensler, SEC chair, criticized the crypto sector for significant non-compliance with US laws and centralization, contradicting the ideal of decentralization. He mentioned ongoing issues such as trading violations and investor protection concerns, underscoring that many crypto tokens are effectively securities. Gensler’s assertions emphasize the legal actions taken by SEC against various crypto entities to protect public interests.

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