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Crypto firm Abra settles with state regulators over not licensing its mobile app

Quick Take The settlement, which also names its CEO, William Barhydt, requires Abra to stop making, buying, selling, or trading crypto to U.S. Abra Trade customers and requires the firm to return $82 million in virtual assets to customers. A group of state regulators investigated Abra and found that the firm operated a mobile application for buying, selling, trading, and investing in crypto and didn’t get the required licenses.

The Block·2024/06/26 21:31

Peter Schiff Warns Bitcoin Plunge Is Far from Over

Dailycoin·2024/06/26 21:19

Bitcoin Bleed Extends with Second Consecutive $600M Exodus

Dailycoin·2024/06/26 21:19

Bitcoin Virtual Machine team rolls out ZK rollups service to scale Bitcoin

Quick Take The team behind the Bitcoin Virtual Machine launched ZK-proof service BitZK last week. Zero-knowledge proofs are used in blockchain circles to compress data and have become the basis for many of the most popular rollups on Ethereum. BVM is a general-purpose state machine similar to Ethereum, which uses Bitcoin’s security.

The Block·2024/06/26 21:16

U.S. spot Bitcoin ETFs rebound with $14.4 million inflows; Fidelity’s FBTC leads surge

Share link:In this post: U.S. spot bitcoin ETFs experienced a reversal in outflows on June 25 The 11 ETFs collectively hold nearly $52 billion in BTC reserves VanEck files a Form 8-A with the SEC for its spot Ethereum ETFDisclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investmen

Cryptopolitan·2024/06/26 21:04

BLAST token airdrop distributes $415 million to users as it goes live

Cryptobriefing·2024/06/26 20:52

SEC could approve spot Ethereum ETFs by July 4: report

SEC may approve spot Ethereum ETFs by July 4, according to Reuters, which cited anonymous sources.BlackRock, Fidelity and Franklin Templeton among the asset managers who both launched a spot bitcoin ETF earlier this year and have also applied to issue a spot ether ETF.

The Block·2024/06/26 20:49

Tether and TON Partnership Fuels Stablecoin Adoption on Telegram

Coinedition·2024/06/26 20:04

Cardano Developers to Release Node Upgrade Following Failed DDoS Attack

Cryptonews·2024/06/26 20:01

Bitcoin derivatives poised for 'quadruple witching' volatility as Friday's quarterly options expiry approaches, analyst says

As Friday’s quarterly options expiry approaches, bitcoin derivatives brace for heightened volatility, driven by the phenomenon of a “quadruple witching.”A large portion of the open interest on Deribit ahead of Friday’s expiry is in-the-money (ITM), which could lead to increased trading volume, the analyst added.

The Block·2024/06/26 19:55

Flash

19:12

Sources: Multiple U.S. States Considering Lawsuit to Block Paramount's Acquisition of Warner Bros.

On June 6, it was reported that chief attorneys from several U.S. states are drafting a legal document to challenge Paramount Global's $110 billion acquisition of Warner Bros. Discovery (WBD.O), laying the groundwork for an antitrust lawsuit against this massive Hollywood deal. According to informed sources, senior officials from about 10 states have begun drafting complaint documents and discussing legal procedures to potentially file a lawsuit within this month to block the merger. California, a hub for the entertainment industry, is leading this effort. No final decision has yet been made regarding the filing of a lawsuit or which states will join the action. Most of the states considering the lawsuit are led by Democratic attorneys general, but at least two Republican attorneys general are also involved in the investigation. Officials from California and other states have reportedly met with Paramount and opponents of the deal, requesting sworn statements or testimonies that could be used in the lawsuit.

17:47

Jiang Zhuo'er: Bitcoin Has Not Successfully Broken Below $60,000 Support, Potential Rebound Over the Weekend

BlockBeats News, June 6th, BitDeer Mining Pool (B.TOP) founder Jiang Zhuo'er stated in a post that Bitcoin has not effectively dropped below the $60,000 strong support. The price difference between an exchange is shrinking, indicating that the selling pressure from ETFs and other US stock institutions is decreasing. There may be a rebound in the crypto market over the weekend. Yesterday, Jiang Zhuo'er announced that he had "bought the dip" and repurchased all his ETH holdings at $1645, expecting to start selling after a rebound in 1 to 3 days.

17:02

Tonight, the "Gathering of Heroes" sees the Whale perform buy-the-dip, accumulation, liquidation, and onlooker behaviors, where only those who respect the market can sail far.

BlockBeats News, June 6th. Tonight is destined to be a sleepless night for stock and crypto investors. Impacted by the better-than-expected employment data, the U.S. stock market opened lower and quickly experienced a deep decline. As of press time, the downward trend has not stopped, with the Nasdaq falling by 3.00%. Several AI stocks that were previously hyped saw significant pullbacks. The crypto market is even bloodier. As expected, a familiar scene of liquidation and repositioning played out. However, tonight there were also multiple whales accompanying this: A whale who leveraged 104,772.57 WETH for a long position on-chain also experienced partial liquidation. It is worth mentioning that this whale was the same one who bought the dip during El Salvador's February sell-off. However, with the changing times, as this whale watched helplessly as their position was liquidated tonight, El Salvador was already lamenting on the shore about the astonishing speed of the market decline. In addition, during the on-chain whale liquidation, several well-known traders were bottom fishing and giving out signals. The most famous among them is the whale known as "Setting 10 Big Targets First," who opened a position at $60,153.8 per BTC, buying 2,835.32 BTC, worth $170 million. Killa is slowly accumulating with spot positions and low leverage. Ansem, on the other hand, advises users not to rush to bottom fish. The market is like an ocean, attracting all kinds of talents, with whales churning the waters. Some awaken during liquidation, while others accumulate during the bloodbath. True wisdom lies not in catching the bottom but in surviving through each cycle. Tonight, no one can escape the waves; tomorrow, only those who show reverence can continue to sail.

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