Coinbase's Market Dominance Surges Despite SEC Lawsuit, Traditional Financial Institutions Still Partnering
July 4 (Cointime) - Despite the SEC lawsuit against Coinbase, the company's market share reached its highest point since January 2023 in June, with a peak of 64% of trading activities in U.S.-regulated exchanges. Other U.S. platforms like Kraken and Bitstamp also increased their market share during this period.
A Whale "0xde3" address topped up 11 million GRT tokens into Binance and Coinbase
July 4 (Cointime) - According to Spotonchain, The whale may have started the recent $GRT sell-off by depositing 11M $GRT to #Binance and #Coinbase and selling 750K $GRT on DEX between 11hrs and 9hrs ago.
PEPE Cryptocurrency Rises Over 100% in Two Weeks, Outperforming Dogecoin and Shiba Inu
July 4 (Cointime) - PEPE, the meme coin, has experienced a significant recovery, growing over 100% from its June lows and surpassing Dogecoin and Shiba Inu in performance. Its market cap currently stands at $699 million, but it would need a significant development, such as a listing on Coinbase, to reach its previous $1 billion market cap.
Coinbase to Modernize Direct Deposit System with Blockchain-Based Stablecoin Settlements
July 4 (Cointime) - Coinbase plans to update its direct deposit system using blockchain-based stablecoin settlements instead of the traditional ACH deposits. The aim is to promote the adoption of crypto worldwide, with a focus on consumer rights and security.
Nasdaq Refiles Form for BlackRock's Bitcoin ETF with Coinbase Surveillance Agreement Expected
July 4 (Cointime) - Nasdaq has resubmitted a 19b-4 form for the iShares Bitcoin Trust, a spot bitcoin ETF managed by BlackRock, following similar filings from Cboe exchange last week.
Coinbase Surges on News of Partnership With Fidelity for Proposed Bitcoin ETFs
July 4 (Cointime) - Coinbase's stock rose over 12% midday EDT following news of a partnership with Fidelity and other issuers on their proposed spot bitcoin exchange-traded funds. The gains contributed to a larger rally that has seen the stock increase by over 138% since the start of the year.
VeChain (VET) Adoption Grows with Coinbase and Binance Listings and New Mobile Wallet UI
July 3 (Cointime) - The adoption of Vechain (VET) has seen significant growth with recent developments. Coinbase announced in June that it would list VET and VeThor (VTHO) on its platform, while Binance added VET to its list of 10 cryptocurrencies that can be traded directly against USD and USDT.
Several US Financial Institutions Resubmit Bitcoin ETF Applications
July 3 (Cointime) - On Friday, it was reported that the SEC had deemed the ETF registrations submitted by several major financial institutions, including Blackrock, Wisdomtree, Valkyrie, Fidelity, Ark Investment, and Invesco, as "inadequate." Following this development, four institutions resubmitted their spot bitcoin ETF applications. According to an article by WSJ, a Cboe official acknowledged that the exchange plans to resubmit its spot bitcoin ETF registrations.
Bitcoin Price Rises Above $30K as Fidelity and Others Refile ETF Applications After SEC Criticism
July 1 (Cointime) - The price of Bitcoin has surpassed $30,000 following the refiling of BTC Spot ETF applications by several traditional financial firms.
US Supreme Court to Examine Legality of SEC's In-House Enforcement Proceedings Against Crypto Industry
July 1 (Cointime) - The U.S. Securities and Exchange Commission (SEC) is facing accusations of enforcing legal challenges against the crypto industry without clear rules.
