June 27 (Cointime) - According to a Decrypt analysis of CoinGecko data, Solana, Polygon, Cardano, and other tokens involved in the SEC court battles have lost $5 billion, or 15%, of their collective market capitalizations. The SEC filed lawsuits against Binance and Coinbase on June 5 and 6, accusing them of selling unregistered securities. The lawsuits named several cryptocurrencies, including Solana, Cardano, and Polygon, which have suffered losses since the lawsuits were filed. Despite the drops in token prices, the crypto market has been on a bullish rally over the past week, with Bitcoin reaching over $31,000 for the first time in months.
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SEC Lawsuits Against Binance and Coinbase Cause $5 Billion Loss for Solana, Polygon, Cardano, and Other Tokens
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German parliament passes Financial Market Digitalization Act
According to a report by Ledger Insights, the German parliament (Bundestag) has passed the "Financial Market Digitalization Act" (Finanzmarktdigitalisierungsgesetz or FinmadiG) this week. The parliament responded to industry demands to ensure legislation is in place before MiCAR comes into full effect on December 30th. -
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BTC breaks through $101,500
the market shows that BTC has broken through $101,500 and is currently trading at $101,510.91, with a 24-hour increase of 6.15%. The market is volatile, so please be prepared for risk control. -
The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%
the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%. -
U.S. stocks open, most crypto stocks open lower
the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back. -
BTC breaks through $98,500
market shows BTC breaking through $98,500 and is now trading at $98,501.24, with a 24-hour increase of 0.84%. The market is volatile, so please be prepared for risk control. -
Cardano's ADA Hits Highest Level Since May 2022 as Bitcoin Nears $100K and Capital Rotates into Alternative Cryptocurrencies
Cardano's ADA has reached its highest level since May 2022, with evidence of significant participation from large traders in the on-chain activity. As Bitcoin approaches the $100,000 mark for the first time, capital is shifting towards alternative cryptocurrencies, generating excitement in the wider crypto market. Additionally, Bitcoin has broken a new record above $98,000, and there are reports that former US President Donald Trump is considering appointing a "Crypto Czar" and a crypto lawyer for SEC Chair. BlackRock's IBIT options launch has also contributed to Bitcoin's new ATH. -
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
1. In the past 24 hours, the transaction volume of Pudgy Penguins was nearly 2 million US dollars, an increase of nearly 700% -
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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