Crypto
Election 2024
VanEck’s Matthew Sigel confirms Solana ETF is a bet on Trump victory
Bloomberg ETF analysts believe the odds of approval under the Biden administration are "near zero."
Adoption
Coinbase to launch CFTC-regulated futures trading for 5 altcoins
The service will add new margined futures contracts for AVAX, LINK, DOT, XLM and SHIB starting July 15.
Taxes
US Treasury and IRS finalize crypto broker tax reporting rules
Brokers, including exchanges, must comply starting in 2026 and 2027.
Regulation
Supreme Court overturns Chevron, reducing SEC’s ‘unilateral power’ over crypto: expert
Courts no longer need to defer to an agency when a law is unclear.
Politics
Biden campaign adviser Keisha Lance Bottoms calls crypto bipartisan issue
Bottoms also described how crypto can empower Black-owned businesses and called for fair regulation of the sector.
AI
OpenAI announces TIME partnership amid new lawsuit over copyright violations
The AI firm has formed numerous other deals and faces other lawsuits.
Adoption
Worldcoin’s WorldID to arrive on Solana via Wormhole grant
The Worldcoin Foundation announced 16 grants worth over $800,000 at current WLD prices.
Featured
Coinbase says it will not facilitate Ocean-Fetch AI merger
Coinbase plans to continue supporting trading for the Ocean and Fetch tokens until further notice.
Regulation
Abra settles with US states, will repay $82 million to affected customers
The 25 state regulators agreed to forgo monetary penalties of $250,000 per jurisdiction to facilitate $82 million in customer repayments.
Crime
US government moves nearly 4,000 BTC worth $240 million to exchange
The Bitcoin are reportedly part of the funds seized from drug trafficker Banmeet Singh, who was recently convicted over charges related to drug trafficking.
Bankruptcy
FTX granted court approval to solicit votes on liquidation plan; some creditors continue to object
Some want higher payouts because crypto prices have risen during bankruptcy.
Regulation
SEC chair Gensler criticizes crypto sector for non-compliance and ‘high centralization’
Gensler also reaffirmed his previous stance that most crypto tokens are securities under the "law of the land."