A group of blockchain advocacy organizations has come together to argue that the Securities and Exchange Commission's lawsuit against Coinbase is an attempt to exceed the authority of Congress. They are urging the judge overseeing the case to dismiss it.
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Blockchain groups argue SEC lawsuit against Coinbase is attempt to usurp Congress's authority
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Real Vision founder: I agree with Michael Saylor's view that BTC will become the base layer of multiple assets
Raoul Pal, former Goldman Sachs executive and founder of macro research firm Real Vision, posted on X stating: "So it looks like Michael Saylor and I have come to a consensus again. I also believe that BTC is a pristine asset. He also believes that tokenization of all assets, cultures, etc. will occur, and they are not the same as each other. Ultimately, there will be a variety of assets based on the BTC underlying layer." -
MN Trading founder: Still satisfied with the decision to invest in altcoins, focusing on long-term investment
Michaël van de Poppe, the founder of MN Trading, stated in a post on X that he is still satisfied with his decision to hold all altcoins. This topic has sparked a lot of criticism and feedback, which is good. Everyone has different strategies. I invest in these assets for the long term, and some have not yet yielded profits. My argument has not changed. -
Placeholder Partner: Narrow investor attitudes swing based on the performance of the tokens they hold. To avoid this problem, you need to go long on high-quality tokens
Placeholder partner Chris Burniske wrote in a post on X that "narrow-minded investors often behave fairly when their tokens perform well. Then, when their tokens perform relatively poorly, they remain silent or deal with it hastily...This situation is seen in every cycle. The key to avoiding this pathological situation is to go long on all high-quality tokens." -
China and Peru agreed to strengthen cooperation in the digital economy and other fields and promote the development of exponential technologies such as AI and blockchain
the joint statement between the People's Republic of China and the Republic of Peru on deepening their comprehensive strategic partnership states that both sides agree to strengthen cooperation in the fields of digital economy, technological innovation, digital transformation, technology personnel exchange, technology transfer, digital security, etc., and promote the development of exponential technologies such as artificial intelligence, robotics, the Internet of Things, blockchain, data analysis, nanotechnology, and telemedicine. -
CryptoQuant founder: Meme coins currently dominate because most altcoins lack fundamental narratives
Ki Young Ju, founder and CEO of CryptoQuant, wrote on X platform that cryptocurrency traders are like gamers, and Web3 projects are their game developers. Creating immersive experiences in Web3 is more about art than business, and for dopamine-driven individuals, making money is the ultimate game. Currently, meme coins dominate because most altcoins lack a strong fundamental narrative, but a stablecoin-driven Web3 ecosystem is emerging - this is a new genre for analytical investors, just as RPGs are different from FPSs. This future is already close, and those who are eager to delve into it and find alpha through on-chain data. -
Court agrees to suspend appeal in Trump's classified documents case
on the 16th local time, the United States Federal Appeals Court approved Special Prosecutor Smith's request to suspend the appeal of the case involving U.S. President-elect Trump's confidential documents. This is part of Smith's gradual end to the two cases against Trump, as the U.S. Department of Justice has long-standing policy of prohibiting criminal prosecution of a sitting president. Since Trump won the 2024 U.S. presidential election and will assume the presidency in January 2025, Smith said he requested a suspension of the appeal "so that the government has time to assess this unprecedented situation and determine the appropriate path in line with the Department of Justice's policy." -
Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules
Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization
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Trump pledges to fire SEC Chair Gary Gensler ‘on day one’ if reelected
The Republican candidate laid out a plan for crypto policies should he win in November against prospective Democratic presidential nominee Kamala Harris.
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Cointime June 29th News Express
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The US SEC has returned the S-1 form to the potential Ethereum ETF issuer with a few comments, asking it to fix the problem and resubmit.
The US Securities and Exchange Commission has returned the S-1 form to the potential Ethereum ETF issuer with some comments, asking them to address the issues and resubmit. Sources say that at least one more round of review is needed before these measures can take effect. The issuer has reportedly been asked to address these comments and resubmit before July 8th. Sources note that this will not be the final declaration after the form is returned, meaning that at least one more declaration is needed before the ETF can begin trading.
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