The crypto market is neutral
BTC Dominance - 52.84%
Market Cap - $2.27T
BTC - $60,862.01 (+0.2%)
ETH - $3,369.2 (-0.5%)
BNB - $568.8 (-0.1%)
ZRO - $2.72 (+4.97%)
ZK - $0.1616 (-1.74%)
STRK - $0.642 (-3.25%)
W - $0.3342 (-3.04%)
https://dropstab.com
U.S. Treasury Issues Crypto Tax Regime For 2025
The IRS won't call for reporting on most routine stablecoin sales and is putting a $600 annual threshold on NFT proceeds before they need to be reported.
https://www.coindesk.com/policy/2024/06/28/us-treasury-issues-crypto-tax-regime-for-2025-delays-rules-for-non-custodians/
Statistics on the coin listings of Binance, Coinbase and Upbit, the world's three largest cryptocurrency exchanges, so far this year. Only LayerZero (ZRO), OMNI, Render, and Bounce are tokens listed on all three exchanges.
https://x.com/wublockchain/status/1806632344364999146
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
Kraken founder Jesse Powell donated $1M (mostly ETH) to Donald Trump.
https://x.com/jespow/status/1806569144294556146
Biden's campaign staff has hired a member of Coinbase's advisory board as a senior election adviser
https://thehill.com/business/4743521-coinbase-adviser-bottoms-biden-campaign/
🚀 MegaETH has raised $20 million in a seed round led by Dragonfly Capital, with participation from Figment Capital, Folius Ventures, Robot Ventures, Tangent.
Angel investors include Vitalik Buterin, Sreeram Kannan, Cobie, Hasu and Joseph Lubin, ConsenSys founder, among others.
💧 https://dropstab.com/coins/megaeth
The crypto market is neutral
BTC Dominance - 52.53%
Market Cap - $2.32T
BTC - $61,781.99 (+1.19%)
ETH - $3,458.38 (+2.21%)
BNB - $582.7 (+1.45%)
ZRO - $2.58 (+2.75%)
ZK - $0.1588 (+2.76%)
STRK - $0.713 (+2.35%)
W - $0.3499 (+5.48%)
https://dropstab.com
The U.S. Supreme Court ruled to strip the U.S. Securities and Exchange Commission (SEC) of one of its key enforcement processes, deciding in a 6-3 vote that the federal agency’s use of in-house judges is a violation of the constitutional right to a jury trial.
https://www.coindesk.com/policy/2024/06/27/us-supreme-court-says-no-more-in-house-tribunals-for-the-sec-other-federal-regulators/
Coinbase sues SEC, FDIC over FOIA requests, says federal regulators trying to cut out crypto
https://www.theblock.co/post/302145/coinbase-sues-sec-fdic-over-foia-requests-says-federal-regulators-trying-to-cut-out-crypto
💧 Top 10 Blockchains Launched in 2024 by FDV
👉 https://dropstab.com/tab/blockchains-launched-h1-2024-v22rqnp9kh
DeFiance founder Arthur_0x: Wow BLAST is only trading at $2b FDV, given how the previous L2 been trading at launch I would have expected $5b FDV at least. The days of highly anticipated infra projects trading at > $20b FDV at launch are probably over.
https://x.com/Arthur_0x/status/1805985187177906625
Ocean (OCEAN) and Fetch.ai (FET) have announced a merger to form the Artificial Superintelligence Alliance (ASI). Coinbase will not execute the migration of these assets on behalf of users.
Timeline:
Phase 1: OCEAN migrates into FET on July 1, 2024
Phase 2: ASI will launch and FET will merge into ASI in mid-to-late July 2024
https://x.com/coinbaseassets/status/1806058199948140855
The US government wallets deposited 3,940 BTC ($241.22M) into Coinbase Prime.
https://x.com/lookonchain/status/1806012409372614905
The crypto market is down
BTC Dominance - 52.76%
Market Cap - $2.28T
BTC - $60,949.99 (-1.77%)
ETH - $3,377.27 (-0.81%)
BNB - $572.5 (-1.51%)
ZK - $0.1565 (-8.05%)
ZRO - $2.52 (-9.14%)
STRK - $0.705 (-2.58%)
W - $0.333 (-5.51%)
https://dropstab.com
A federal judge ruled that the SEC's charges against Binance for the initial coin offering and ongoing sales for BNB, BNB Vault, staking services, failure to register and fraud charges can proceed.
She granted Binance and Zhao's motion to dismiss charges tied to secondary BNB sales and Simple Earn.
https://www.coindesk.com/policy/2024/06/29/us-judge-lets-most-of-sec-case-against-binance-proceed-dismisses-secondary-sales-charge/
The SEC has formally charged Consensys with violating securities laws by operating as an unregistered broker dealer and engaging in the offer and sale of securities through its MetaMask platform.
https://x.com/eleanorterrett/status/1806732114056118471
The crypto market is down
BTC Dominance - 52.53%
Market Cap - $2.28T
BTC - $60,793.07 (-1.58%)
ETH - $3,388.5 (-2.03%)
BNB - $570.9 (-2.05%)
ZK - $0.166 (+4.3%)
ZRO - $2.59 (+0.47%)
STRK - $0.662 (-7.28%)
W - $0.3337 (-1.99%)
https://dropstab.com
💧 Top Funding Rounds in the Last 7 Days
👉 https://dropstab.com/insights/latest-fundraising-rounds
Coinbase is partnering with Stripe to enable USDC transfers on the Base Network.
https://x.com/coinbase/status/1806425092513210492
Bolivia officially legalizes crypto payments for banks
Bolivia has lifted its ban on bitcoin and other cryptocurrencies, allowing banks to conduct transactions with digital assets.
Cryptocurrencies are still not considered legal tender, though, meaning businesses are not authorized to accept them as payment.
The Central Bank will educate the public on the risks of cryptocurrencies as part of its Economic and Financial Education Plan.
https://www.cryptopolitan.com/bolivia-legalizes-crypto-payments-for-bank/
The ZERϴ Network Testnet is live powered by zkSync.
https://x.com/zerion/status/1806364590340468743
Manta Network’s wUSDM via Mountain Protocol Backed by BlackRock’s BUIDL Fund
https://mantanetwork.medium.com/manta-networks-wusdm-via-mountain-protocol-backed-by-blackrock-s-buidl-fund-71d6a38085ca
VanEck just filed for a Solana ETF
https://x.com/ericbalchunas/status/1806318454653227029
State Street Global Advisors and Galaxy Asset Management said they are working together to build crypto products that offer exposure to crypto companies as well as spot and futures-based exchange-traded funds (ETFs).
State Street Global Advisors, a unit of financial services giant State Street (STT), filed an application with the U.S. Securities and Exchange Commission (SEC) to register a crypto-based fund called the SSGA Active Trust.
Galaxy will be responsible for the day-to-day management of the fund’s investments, according to the filing.
https://www.coindesk.com/business/2024/06/27/state-street-galaxy-digital-to-develop-active-crypto-trading-products/
TeleportDAO (TST) trading has started on KuCoin.
TST is now trading at ~$0.08 (~1x from the CoinList sale price: $0.075).
FDV: $80M
https://www.kucoin.com/trade/TST-USDT
A miner wallet woke up after being dormant for 14 years and deposited 50 BTC ($3.05M) to Binance.
https://x.com/lookonchain/status/1806155380172722295
US regulators could approve spot ether ETFs for launch by July 4, sources say
https://www.reuters.com/technology/us-regulators-could-approve-spot-ether-etfs-launch-by-july-4-sources-say-2024-06-26/
Immutable announced a partnership with MARBLEX, Netmarble's dedicated blockchain gaming platform.
This collaboration will see the migration of MARBLEX along with several other Mega IP titles, to the Immutable zkEVM chain, powered by Polygon.
Immutable and MARBLEX have also launched a $20m developer support program.
https://www.prnewswire.com/news-releases/industry-giant-marblex-chooses-immutable-to-create-home-of-web3-gaming-in-south-korea-302182073.html
XION launches Chain Abstraction to Neutron via Abstract.
https://fixupx.com/burnt_xion/status/1805995546848514394