#bitcoin #binance #Web3 #ETHETFsApproved 
According to Korean media, exchanges will examine 600 listed tokens after the virtual assets law takes effect next month. This panic caused the prices of many altcoins to plummet.
Selling pressure from Altcoins also caused Bitcoin to plummet, hitting a local bottom around $63,379 on June 21. The market also closed five consecutive days in the red and is currently trading just above $64,000.
Let's take a look at the outstanding news in the week starting from June 17 to June 23, 2024 with Bitcoin Magazine.
#first. Central point
Potential Ethereum ETF issuers received feedback from the SEC last week on S-1 filings with a deadline to re-file this Friday.
While the forms 19b-4 were approved in May, the S-1 form needs to be effective before trading can begin – a process with no strict deadlines. These forms are currently being revised and returned to the SEC for further comment until they are ready.
A source at an issuer said the latest round of comments was “reasonable” and they expected approval soon. A source at another issuer described the comments as “mild”.
Ethereum Spot ETF Receives US SEC Response on Form S-1 with Revised Update Deadline of June 21
The Australian Stock Exchange (ASX), which accounts for 90% of the country's equity market, has approved the platform's first spot Bitcoin ETF.
Issuer VanEck said it will “launch the first Bitcoin ETF on the ASX on June 20” and it will be “the lowest-cost Bitcoin ETF in Australia”. VanEck previously resubmitted its product application in February.
Reports in April said DigitalX Ltd. filed for ASX approval in February and Sydney-based BetaShares said it was working to launch a product on the ASX.
Australia's ASX stock exchange approves the first spot Bitcoin ETF from VanEck
Leading Ethereum developer Consensys announced late Tuesday that the U.S. Securities and Exchange Commission (SEC) is “closing its investigation” into the cryptocurrency.
The decision to end the investigation came after Consensys sent a letter on June 7, requesting confirmation from the SEC that the recent ETH ETF approval, was based on ETH being considered a commodity.
This is considered an important victory for Ethereum developers, technology providers and industry members, as it clarifies the SEC's position that Ethereum transactions are not considered transactions. stock exchange.
US SEC ends investigation of Ethereum 2.0 – ETH price reverses and increases 3% because it escapes "stock" status
3iQ Digital Asset Management, a Canadian digital asset investment fund manager, has filed for the first initial public offering of its Solana exchange-traded product (ETP) in North America.
Solana Fund, under the ticker QSOL, will be listed on the Toronto Stock Exchange, providing exposure to SOL.
The fund aims to provide holders with SOL's daily price movements, long-term capital appreciation and staking returns. 3iQ has a history of digital asset innovation, including the first publicly traded Bitcoin and Ether funds in Canada.
North America's first Solana ETF is set to launch
#2. Altcoin
Arbitrum (ARB) price is close to an all-time low, what are holders thinking?
Can MATIC price break out to $5 as Polygon TVL spikes double digits?
Avalanche's AVAX drops 10% after BtcTurk exchange hack
#3. Exchanges
Binance, the world's leading cryptocurrency exchange, has just announced a HODLer Airdrops program exclusively for BNB holders. Users who sign up for Simple Earn with BNB will receive airdrop tokens from projects that have a large circulating token supply and are expected to list on Binance soon.
Users can join the program by visiting the [Earn] section on Binance and searching for BNB. They can then subscribe to Simple Earn products (both Flexible and Locked) with their BNB holdings.
Binance launches HODLer Airdrops program exclusively for BNB holders
India's Financial Intelligence Unit (FIU-IND) has fined exchange Binance 188.2 million rupees ($2.25 million) for providing services to Indian customers without compliance with the Anti-Laundering Act Money (PMLA) 2002 this country.
Binance operates as a Virtual Digital Asset Service Provider, qualifying as a reporting entity (RE) under Section 2(sa)(vi) of the PMLA. This designation requires the maintenance and reporting of transaction records and ensures strong anti-money laundering (AML) measures.
However, FIU-IND's investigation found that Binance did not comply with these obligations when providing services to Indian customers. Indian authorities issued show cause notices to Binance and several other foreign cryptocurrency exchanges and blocked them for “illegal activities” in January 2024.
FIU-IND India fined Binance $2.25 million for non-compliance with anti-money laundering rules
New York-based cryptocurrency exchange Uphold will stop support for several stablecoins, such as Tether (USDT), Dai (DAI) and Frax Protocol (FRAX), ahead of Money Asset Markets regulation electronics (MiCA) is coming.
Affected stablecoins also include Gemini Dollar (GUSD), Pax Dollar (USDP), and TrueUSD (TUSD). Starting July 1, 2024, these tokens will no longer be available on Uphold.
The US exchange Uphold stopped supporting USDT, DAI, FRAX and some other stablecoins ahead of MiCA
#4. Project, protocol
Ethena updates ENA tokenomics with mandatory vesting requirements and new use cases
Solana welcomes its most significant upgrade in years: ZK Compression
Internet Computer launches a data sharing solution that ensures privacy for Web3
Osmosis DAO community approves proposal to connect Bitcoin to Cosmos for free
Solana Layer 2 Sonic raises $12 million, raising token valuation to $100 million
MetaMask updates privacy policy: Increased transparency and user control
The Layer 2 Blast network will launch the token airdrop next week
LayerZero launches Proof-of-Donation mechanism, forcing users to donate a minimum of 0.1 USD for each ZRO token claimed
#5. ETF
Hashdex, Nasdaq file for ETF to hold both Bitcoin and ETH directly
Bitcoin ETF has legitimized the cryptocurrency industry in the eyes of investors
Spot Ethereum ETF issuers update S-1, revealing fees and initial investments
#6. Stablecoin, CBDC, Memecoin
Tether launches over-collateralized synthetic dollar aUSD₮ backed by Gold
Former House Speaker Paul Ryan calls on the United States to confront China with stablecoins
Stablecoin issuers are now the 18th largest holder of US debt
US SEC concerns complicate Circle's IPO plans – USDC could benefit the most from MiCA
How will Memecoin be affected as the rate of seriously delinquent credit card loans increases to 10.69%?
#7. NFT, AI, Web3
Nvidia has surpassed Microsoft and Apple to become the world's most valuable listed company
Apple postpones AI release in EU due to concerns about Digital Market regulations
Ilya Sutskever launches new AI company after leaving OpenAI
Bitcoin NFTs surpass Ronin in all-time sales
Punks drops to 26 ETH and BAYC drops to 8.8 ETH: Are NFTs dead?
Japanese gaming giant Konami chooses Avalanche for its Resella NFT platform
#8. Scam, hack
4 Vietnamese hackers from the group "FIN9" were prosecuted in the US for cyber attacks and causing 71 million USD in losses related to cryptocurrency
Two former Chinese bank leaders laundered $248 million through cryptocurrency
Drama exploit of 3 million USD from Kraken: Exchange claims to be extorted – CertiK says it is transferring money
#9. Legal regulations
The US CFTC's cryptocurrency policy may be shaken after President Joe Biden's move
The Brazilian Tax Department started collecting information from foreign cryptocurrency exchanges
The European crypto industry can “sleep better” with the newly elected parliament
US economy does not need to cut interest rates: New York Fed President
SEC Nigeria announces new regulations, compliance program for digital assets
Italy strengthens supervision of the cryptocurrency market with new draft
