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• Jul 15, 11:30 PM Cryptoslate

  Coinbase, Ripple, and a16z to attend national conventions for pro-crypto policy

  Coinbase, Ripple, and a16z plan to attend the RNC and DNC to advocate for crypto-friendly policies. The GOP has added crypto issues to its 2024 platform, opposing CBDCs and supporting mining and self-custody rights. Democrats' draft platform doesn't mention crypto. These firms are part of the Fairshake super PAC, which has spent $70.9 million in the 2024 election cycle to support pro-crypto candidates across party lines. The move highlights crypto's growing importance in US politics.

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• Jul 15, 9:06 PM Coindesk

  SEC tells Ethereum ETF issuers funds can start trading July 23

  According to sources familiar with the matter, the SEC has informed issuers of spot ETH ETFs that they can begin trading next Tuesday, July 23. The SEC reportedly told issuers that it had no further comments on recently submitted S-1 documents and requested final versions to be submitted by Wednesday.

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• Jul 15, 7:43 PM Crypto Briefing

  Bloomberg analyst says Ethereum ETFs to launch July 23

  Bloomberg ETF analyst Eric Balchunas predicts spot Ethereum ETF trading in the US to start July 23. SEC is asking issuers to submit final S-1 forms by July 17. Most issuers left fees out of initial filings, likely to gauge competition. The launch coincides with the Bitcoin Conference in Nashville. Bitwise CIO forecasts $15 billion in inflows for Ethereum ETPs by end of 2025. This development paves the way for potential approval of other crypto ETFs, with VanEck and 21Shares already filing for Solana ETFs.

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• Jul 15, 4:06 PM Crypto Briefing

  BlackRock CEO declares Bitcoin a legitimate financial instrument

  BlackRock CEO Larry Fink, once a Bitcoin skeptic, now endorses it as a legitimate financial instrument. Fink views Bitcoin as digital gold with industrial uses, offering uncorrelated returns and financial control in uncertain times. BlackRock's involvement was crucial in approving Bitcoin and Ethereum spot ETFs in the US. The firm has also entered the tokenization space with its BUIDL fund, which has over $524 million in tokenized US Treasuries on Ethereum.

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• Jul 15, 3:40 PM Decrypt

  US district court judge delays Tornado Cash co-founder's trial

  A US judge delayed Tornado Cash co-founder Roman Storm's money laundering trial by three months. The defense cited complex legal issues and extensive documentation needing translation. Key arguments revolve around whether a decentralized service can be controlled by founders. The case highlights ongoing debates about crypto mixers' legality and use. Storm's co-developer, Alexey Pertsev, was recently convicted in the Netherlands, impacting privacy-focused crypto services globally.

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• Jul 15, 5:02 AM Cointelegraph

  Lazarus group moves millions from DMM Bitcoin hack

  Hackers linked to the Lazarus group have laundered over $35 million from the $305 million DMM Bitcoin hack through a Cambodian marketplace. The funds were mixed, bridged to other chains, and converted to USDT before transfer. Tether blacklisted a wallet address, blocking $28.2 million. This hack is part of a trend targeting centralized exchanges, with over $1.4 billion in crypto stolen in 2024 so far.

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• Jul 12, 6:45 PM Cointelegraph

  XRP shows potential for 30% gain against Bitcoin as triple bottom forms

  XRP is poised for a comeback against Bitcoin, with a triple bottom pattern indicating a potential 30% rebound. The XRP/BTC pair is testing neckline support at 793 satoshis, with an RSI of 36 suggesting XRP is undervalued. Bitcoin's recent sell-off, driven by German government sales and Mt. Gox reimbursements, has benefited XRP. Bitcoin dominance has dropped, hinting at a rotation into altcoins. XRP's weekly RSI is rebounding from a two-year low, historically signaling significant rallies. The potential for an XRP ETF adds to its bullish outlook.

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• Jul 12, 5:38 PM Cointelegraph

  Bitcoin bounces off $56,500 support as institutional investors add 100k BTC

  Bitcoin rebounded from $56,500, showing demand at lower levels. Institutional investors bought 100,000 BTC in a week, viewing dips as buying opportunities. The German government's Bitcoin selling is mostly complete, but traders are watching potential selling by Mt. Gox creditors. Altcoins' recovery has slowed due to Bitcoin's weak performance, but bulls are holding positions. The crypto market remains cautious as selling pressure persists.

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• Jul 12, 4:43 PM Coindesk

  MakerDAO announces $1B tokenized treasury investment plan

  MakerDAO plans to invest $1B of its reserves in tokenized US Treasury products. BlackRock's BUIDL, Ondo Finance, and Superstate are set to apply for the open competition starting next month. This move signals a major shift in MakerDAO's reserve strategy and could boost the $1.85B tokenized real-world asset space by 55%. The investment will be funded by redirecting $500-$500M from existing vaults. This initiative follows ArbitrumDAO's recent $27M allocation to tokenized offerings.

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• Jul 12, 1:20 PM Cointelegraph

  EU continues support for blockchain-based sustainability solutions

  The EU has extended its partnership with ChromaWay to develop blockchain-based sustainability solutions. ChromaWay showcased advancements in decentralized apps for Digital Product Passports and IP rights. Their relational blockchain technology combines relational database flexibility with blockchain security. Chromia, a public layer-1 platform, will launch its mainnet on July 16. The EU's positive assessment aligns with its strategy to integrate blockchain solutions across sectors. Further evaluations and workshops are planned for 2024 and 2025.

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• Jul 12, 12:25 PM DeFi Llama News

  Dutch court rejects bail for Tornado Cash dev Alexey Pertsev

  A Dutch court denied bail for Tornado Cash developer Alexey Pertsev, convicted of money laundering $2.2 billion in crypto. Pertsev's lawyers argued he wasn't a flight risk and needed internet access for his appeal. The court rejected these claims, upholding his 64-month sentence. This case has sparked concerns in the open-source community about developer liability for user actions, especially regarding privacy tools. Fellow dev Roman Storm faces similar charges in the US.

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• Jul 11, 1:38 PM Crypto Briefing

  US CPI data for June lower than expected, boosting crypto and equity markets

  Bitcoin and the broader crypto market rallied after cooler-than-expected US CPI data for June. The unadjusted annual core CPI rate was 3.3%, below the 3.4% forecast. This sparked gains in Bitcoin, Ether, and major stock indices. Interest rate traders increased the likelihood of a September rate cut, potentially boosting liquidity and risk appetite for crypto and equities. The global crypto market cap rose to $2.29 trillion, up 1.6% in 24 hours.

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• Jul 11, 1:07 AM The Block

  Trump to speak at Bitcoin 2024 conference in Nashville

  Former US President Donald Trump will speak at Bitcoin 2024 in Nashville, showcasing his growing support for crypto. Trump has pledged to advocate for Bitcoin mining if re-elected and now accepts crypto donations. Other politicians, including Robert F. Kennedy Jr., will also speak at the event. Biden's campaign is engaging with the crypto industry, while prediction markets favor Trump for the upcoming election.

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• Jul 10, 9:38 PM Cointelegraph

  BitMEX pleads guilty to violating Bank Secrecy Act

  Crypto exchange BitMEX admitted guilt for violating the Bank Secrecy Act by operating without a proper Anti-Money Laundering program from 2015 to 2020. The US Department of Justice stated that BitMEX facilitated large-scale money laundering and sanctions evasion. The exchange faces potential fines and prison time for responsible parties. This case highlights the importance of crypto companies complying with US laws when operating in the US market.

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• Jul 10, 6:11 PM The Block

  Biden advisor and crypto leaders discuss industry future at DC roundtable

  Crypto leaders, lawmakers, and a Biden advisor met in DC to discuss the industry's future. Key topics included debanking, SEC actions, and crypto custody. Attendees called for White House support of legislation over litigation. The meeting was seen as productive, with the Biden administration showing engagement on crypto issues. Industry leaders emphasized the need for clear support from the administration as elections approach.

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