U.S. SEC Dismisses Lawsuit Against Kraken
The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against cryptocurrency exchange Kraken, which was accused of operating as an unregistered securities exchange. This dismissal, with no admission of wrongdoing or penalties, is seen as a significant milestone for the crypto industry, potentially ending a politically driven campaign that hindered innovation.
President Trump Announces U.S. Strategic Crypto Reserve
President Trump has unveiled plans to establish a U.S. crypto reserve, aiming to position the country as a leader in the cryptocurrency industry. The reserve will include various cryptocurrencies, such as Bitcoin, Ethereum, XRP, Cardano, and Solana, signaling their increasing legitimacy. This announcement has led to significant value increases for these cryptocurrencies, highlighting their market impact.
North Korean Hackers Execute Largest Crypto Heist
North Korean hackers, known as the Lazarus Group, have carried out the largest cryptocurrency theft to date, stealing over $1.5 billion in Ethereum from the crypto exchange Bybit. These stolen funds are believed to support North Korea's nuclear and missile programs, with the FBI advising cryptocurrency companies to avoid dealings with the perpetrators to prevent conversion of the stolen assets.
SEC Eases Stance on Crypto Industry
The SEC is reportedly easing its aggressive stance on the digital asset industry, dropping investigations and legal actions against companies like Robinhood, OpenSea, Coinbase, and Binance. This shift indicates new regulatory priorities under current SEC leadership, potentially fostering a more favorable environment for crypto innovation.
Federal Judge Dismisses SEC Fraud Lawsuit Against Hex Founder
A federal judge has dismissed a lawsuit by U.S. securities regulators accusing Richard Heart, founder of Hex cryptocurrency, of conducting unregistered crypto offerings and defrauding investors. The judge cited a lack of U.S. jurisdiction, as the alleged misconduct had insufficient ties to the United States. Latest Crypto News!
Robinhood's Crypto Unit Investigation Closed
Robinhood Markets announced that the SEC has closed its investigation into Robinhood Crypto, the company's cryptocurrency unit, without pursuing any enforcement action. This development reflects a supportive stance towards the cryptocurrency sector under the current administration.
Yuga Labs Investigation Dropped
The SEC has reportedly dropped its investigation into Yuga Labs, the firm behind popular NFT collections like Bored Ape Yacht Club, signaling a potential easing of regulatory scrutiny in the NFT space.
Bybit Hacker Launders Stolen Funds
The hacker responsible for the $1.4 billion theft from Bybit has reportedly laundered the stolen funds within 10 days, raising concerns about the effectiveness of current security measures in the crypto industry.
THORChain's Revenue Surge Amid Bybit Hack
THORChain, a decentralized liquidity protocol, generated over $5 million in revenue as the Bybit hacker utilized the platform for moving stolen funds, sparking controversy over its role in illicit crypto transfers.
Web3 Disrupting Key Industries
Web3 technologies are disrupting various industries, notably gaming, by enabling play-to-earn models and introducing blockchain and NFTs into games. These advancements provide players with true ownership of in-game assets, allowing them to buy, sell, and trade items outside the game environment.
Market Overview - Latest Crypto News
Bitcoin (BTC) is down 11.59% in 24h, currently trading at $82.7K.
Ethereum (ETH) has seen a bigger dip at -13.22%, trading at $2,061.
Tether (USDT) and USDC remain stable near $1.00.
XRP is still holding strong with a 3.36% weekly gain despite the daily drop.
Solana (SOL) saw a steep decline of -19.28% in 24h, but remains one of the top assets.
Cardano (ADA) is the best performer over 7 days (+21.31%), but down heavily today.
📉 Overall, the market is seeing a bearish trend in the past 24 hours, with most top cryptos experiencing a sharp decline.
**Please note that cryptocurrency markets are highly volatile and subject to rapid changes. Always conduct thorough research before making any investment decisions.
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