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Cryptocurrency: 3 New Meme Coins To Watch Out For In August – Watcher Guru

Posted on July 23, 2024 by Danzig

The cryptocurrency world is dubbed a magnetic realm, the one that keeps on experimenting to birth new coins. Similarity: an array of new meme coins have now taken over the realm, with some of them showing powerful new metrics to woo consumers and users from across the globe. Keeping the legacy of new crypto coins alive, here are the three new meme coins to keep an eye out for in August, as they continue to perform well, leaving behind leading crypto contenders out of the race.

Also Read: Shiba Inu: SHIB Eyes Fresh Gains Amid Massive Burn and Whale Moves

Popcat is another leading crypto meme token that has just entered the world of cryptocurrencies. Per the latest data released by Santiment, Popcat has noted a 117% spike in its price since July 11. The token has recently been receiving a lot of mainstream attention, which makes it a lucrative crypto token to watch out for.

POPCAT has drawn attention from mainstream traders after the Solana-based asset has surged +117% since July 11th. Historically, this level of sudden interest as a result of a price surge has a high chance of leading to a correction, where better entry points are likely.

Per CoinCodex, Popcat may surge by 225% in August to trade at a $3 price pedestal.

According to our current Popcat price prediction, the price of Popcat is predicted to rise by 225.42% and reach $3.00 by August 21, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 70 (greed). Popcat recorded 19/30 (63%) green days with 31.23% price volatility over the last 30 days.

Mew is another Solana-based crypto token that has been drawing in a sizable pool of customers. The popularity quotient of the token has also been spiking, with its price catapulting to new price thresholds. Recently, the token led the top gainer rally on CoinMarketCap, defeating 200 tokens in its wake.

NEW: Solana-based memecoin $MEW (@MewsWorld) becomes the biggest 24-hour gainer amongst the Top 200 tokens by Market Cap.

As per CoinCodex, MEW is expected to surge 225% in August to trade at $0.023845.

According to our current cat in a dog world price prediction, the price of the cat in a dog world is predicted to rise by 225.08% and reach $0.023845 by August 21, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 70 (greed). Cats in a Dog World recorded 19/30 (63%) green days with 15.05% price volatility over the last 30 days.

Solana-based BONK has recently added a new medal to its name. The token has been dubbed the top gainer among the 100 crypto coins pooled on CoinMarketCap. This comes at a time when BONK continues to forge new milestones while keeping its momentum steady amid occasional market volatility.

NEW: Solana memecoin $BONK (@bonk_inu) becomes the biggest 24-hour gainer amongst the Top 100 tokens by Market Cap.

Also Read: ASEAN May Join GCC To Boost Global Trade Prospects

According to CoinCodex, BONK may spike 237% to trade at a new high of $0.0001.

According to our current Bonk price prediction, the price of Bonk is predicted to rise by 222.39% and reach $0.0001 by August 21, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 70 (greed). Bonk recorded 18/30 (60%) green days with 11.72% price volatility over the last 30 days.

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Cryptocurrency: 3 New Meme Coins To Watch Out For In August - Watcher Guru

Here’s how Bitcoin, Ethereum, Solana, and other tokens are performing today – NewsBytes

Posted on July 23, 2024 by Danzig

Home / News / Business News / Cryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana

Cryptocurrency prices are fluctuating with BNB, XRP, Cardano, Dogecoin, Solana, Polka Dot, Shiba Inu, and Polygon seeing varied changes.

Ethereum Name Service, XRP, UNUS SED LEO, and Bitget Token are the top gainers, while Mog Coin, Bonk, Ethena, Worldcoin, and Jupiter are the biggest losers.

The global crypto market cap is $2.44 trillion, marking a 1.68% increase over the last day, and a 31.7% increase in total crypto market volume over the last 24 hours.

Was a long read? Making it simpler...

What's the story

Bitcoin has shed 1.12% over the last 24 hours, trading at $67,122.96. It is 3.91% higher than previous week. The second most popular token, Ethereum, has dropped 1.72% from yesterday to trade at $3,455.38. It has fallen 0.23% from last week. Bitcoin and Ethereum currently have a market capitalization of $1,325 billion and $415 billion, respectively.

BNB is trading at $585.09, which is 2.61% less than yesterday and 1.24% higher from previous week. XRP's price today is $0.66 after moving up 2% in the last 24 hours. Compared to last week, it is 9.17% up. Cardano and Dogecoin are trading at $0.44 (down 3.19%) and $0.11 (down 3.52%), respectively.

Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $175.99 (down 3.01%), $6.06 (down 4.68%), $0.000011 (down 3.66%), and $0.55 (down 2.48%), respectively. On the basis of the weekly chart, Solana has moved up by 11.13% while Polka Dot has slipped by 5.81%. In the last seven days, Shiba Inu has lost 11.97% of its value whereas Polygon has declined 3.02%.

The top four gainers based on the 24 hour movement are Ethereum Name Service, XRP, UNUS SED LEO, and Bitget Token. They are trading at $26.98 (up 2.75%), $0.66 (up 2.20%), $5.78 (up 0.88%), and $1.18 (up 0.39%), respectively.

The biggest losers of the day are Mog Coin, Bonk, Ethena, Worldcoin, and Jupiter. They are trading at $0.0000022 (down 13.84%), $0.000022 (down 11.02%), $0.44 (down 9.43%), $2.31 (down 8.17%), and $0.99 (down 7.85%), respectively.

DeFi or decentralized finance is an umbrella term for global, peer-to-peer financial services on public blockchains. Some of the popular DeFi tokens are Avalanche, Chainlink, Dai, Uniswap, and Internet Computer. They are trading at $31.57 (down 3.69%), $13.88 (down 3.99%), $1 (up 0.03%), $7.80 (down 2.33%), and $9.89 (down 5.71%), respectively.

Non-fungible tokens (NFTs) are cryptocurrencies that lack the attribute of fungibility, which means they cannot be exchanged for one another like other tokens. Internet Computer, Artificial Superintelligence Alliance, Render, Stacks, and Immutable are among the prominent NFT tokens. They are currently trading at $9.87 (down 6.16%), $1.36 (down 6.50%), $6.81 (down 2.91%), $1.81 (down 5.85%), and $1.53 (down 5.23%), respectively.

The current global crypto market cap is $2.44 trillion, a 1.68% increase over the last day. The total crypto market volume over the last 24 hours is $87.25 billion, which marks a 31.7% increase. Last month, the global crypto market cap was $2.34 trillion, compared to $2.45 trillion three months ago.

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Here's how Bitcoin, Ethereum, Solana, and other tokens are performing today - NewsBytes

Cryptocurrency Injective Down More Than 3% Within 24 hours – Benzinga

Posted on July 23, 2024 by Danzig

Injective's INJ/USD price has decreased 3.09% over the past 24 hours to $26.29. This is contrary to the coins performance over the past week where it has experienced an up-trend of 17.0%, moving from $22.51 to its current price.

The chart below compares the price movement and volatility for Injective over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has risen 37.0% over the past week diverging from the circulating supply of the coin, which has decreased 0.25%. This brings the circulating supply to 97.15 million. According to our data, the current market cap ranking for INJ is #42 at $2.55 billion.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Injective Down More Than 3% Within 24 hours - Benzinga

Hong Kong to get first bitcoin inverse investment product, adding to crypto ETFs – South China Morning Post

Posted on July 23, 2024 by Danzig

Hong Kongs first bitcoin inverse investment product, which offers returns based on declines in the price of the worlds largest cryptocurrency token, debuts on the citys stock exchange on Tuesday, as the Asian financial hub continues to expand its virtual asset product offerings to draw investors. The exchanges move to list CSOP Asset Managements new Bitcoin Futures Daily Inverse Product, the first of its kind in Hong Kong, reflects the citys ongoing efforts to diversify its offerings of cryptocurrency-related financial products and to become a centre for such business. Hong Kong Exchanges and Clearing (HKEX) announced approval of the product in a statement last week. The offering comes three months after the city approved the launch of six exchange-traded funds (ETFs) that invest directly into bitcoin and ether, the worlds two largest cryptocurrency tokens. The Hong Kong stock exchange was open to listing leveraged and inverse crypto products, HKEXs head of exchange-traded products Brian Roberts told Bloomberg in April.

Inverse products are structured as ETFs but seek short-term investment results and target professional, trade-oriented investors.

Instead of investing directly in bitcoin, CSOPs new product, denominated in US dollars, invests primarily in short positions of bitcoin futures traded on the Chicago Mercantile Exchange, the company said in regulatory filings last week. The strategy aims to allow traders to profit from declines in market prices.

These products face extreme price volatility that could wipe out investments, CSOP warned, and values may drop by more than 20 per cent in a single day.

Hong Kong has charged forward with initiatives aimed at boosting its virtual asset sector, part of the citys broader efforts to maintain its financial hub status that has taken a blow in recent years.

Hong Kong to get first bitcoin inverse investment product, adding to crypto ETFs - South China Morning Post

Pro-Bitcoin Senator Cynthia Lummis Stirs Crypto Community With ‘Big Things Are In Store This Week’ Message – Benzinga

Posted on July 23, 2024 by Danzig

Sen.Cynthia Lummis(R-Wyo.), a known cryptocurrency and Bitcoin BTC/USD advocate, piqued the interest of the broader community with a cryptic post.

What Happened: On Monday, Senator Lummis took to X to say, Big things are in store this week. Stay tuned! What grabbed everyones attention was the way in which the first letter of the sentence, was written, symbolizing Bitcoin.

See Also: Mark Cuban Says Trumps Re-Election Wont Impact Bitcoins Price, Dogecoin Killer Shiba Inus Burn Rate

In no time, Lummis comment feed was flooded with maximalists who interpreted the signal as a hint about Republican nominee Donald Trumps potential proclamation of Bitcoin as a strategic reserve asset if he returns to power. Rumors of such a possibility are already floating around.

Why It Matters: The senators mysterious post comes days after she praised Bitcoins resilience amid the global IT outage that paralyzed many systems. She said, Do you know what form of currency hasn't been affected by widespread cyber outages? Bitcoin.

Previously, Lummis had applauded state-led Bitcoin rights laws, emphasizing the importance of states rights in the cryptocurrency landscape. She had lauded the passing of a law aimed at defending Bitcoin rights and banning Central Bank Digital Currencies in Louisiana.

Price Action: At the time of writing, Bitcoin was exchanging hands at $66,457.77, down 1.66% in the last 24 hours, according to data from Benzinga Pro.

Photo Courtesy: Wikimedia Commons

We Asked ChatGPT if Ripple (XRP) Can Become a Top 3 Cryptocurrency This Year – TradingView

Posted on July 23, 2024 by Danzig

Key points:

TL;DR

The Necessary Conditions

Ripples XRP has been among the top-performing cryptocurrencies lately, with its price jumping above the $0.60 mark for the first time in more than three months. Its market capitalization exceeded $34 billion, thuspositioningthe asset as the sixth-biggest in the entire realm.

We decided to ask ChatGPT whether the progress can continue in the following months and whether XRP has any chance of reaching cryptos top 3 club.

The AI-powered chatbot estimated that such a scenario relies on five essential factors. The first (and probably most important) is a resolution of the lawsuit between Ripple and the US Securities and Exchange Commission (SEC).

The entities have been confronting for over three and a half years, with the companysecuringthree partial court wins throughout 2023. XRPs price reacted positively to each triumph, meaning a potential decisive Ripple win could act as a catalyst for another rally.

The second element depicted by ChatGPT includes market adoption and inking strategic partnerships that could enhance the assets utility and demand. Over the past few years, Ripple has shaken hands with numerous leading financial institutions, including one of the biggest banks in Egypt Commercial International Bank (CIB), Thailands oldest bank Siam Commercial Bank (SCB), and MoroccosAttijariwafa Bank.

Favorable market conditions, technological developments, and regulatory clarity are other vital factors that could boost XRPs ranking in the crypto sector.

While these factors can contribute to XRPs rise, predicting its exact position in the cryptocurrency rankings remains speculative and dependent on various market dynamics, ChatGPT warned.

Currently, the top 3 spots belong to Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The stablecoin has a market capitalization of over $110 billion, meaning XRP has a long way before flipping it.Ripple v SEC: The Latest Developments

The lawsuit dates back to December 2020 when the regulator sued the company and some of its executives, accusing them of conducting an unregistered securities offering via XRP sales. It entered its trial phase in April, with some experts suggesting a resolution could occur in the near future.

The American lawyer Fred Rispoli envisioned an agreement as early as this month, while Jeremy Hogan believes the case could be wrapped up before the end of summer. It is worth noting, though, that the case may be prolonged indefinitely due to possible appeals from both sides.

One major issue potentially preventing the outcome is the size of Ripples penalty. The SEC initially sought a whopping $2 billion fine, while the firm insisted the sum should not exceed $10 million. The regulator later softened its tone, lowering the demand to $102.6 million.

Those curious to learn more about the specifics of the legal battle and its impact on XRPs price, please check our dedicated video below:

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We Asked ChatGPT if Ripple (XRP) Can Become a Top 3 Cryptocurrency This Year - TradingView

Why Are Ethereum Classic And Ethereum Name Service Shooting Up On Spot ETH Approval Day? – Benzinga

Posted on July 23, 2024 by Danzig

The first-ever Ethereum ETH/USD spot ETFs have been greenlighted by the SEC and are set to begin trading tomorrow morning. Interestingly, two relatively lesser-known Ethereum-branded coins seem to have outperformed the marquee asset in 24-hour gains.

What Happened: Ethereum Name Service popped more than 5%, emerging as the best-performing cryptocurrency in the last 24 hours. The coin's trading volume jumped 66% to $191 million, signaling significant buying activity.

Similarly, Ethereum Classic popped 3% to hit a monthly high. ETC's trading volume nearly exploded 184% to $452 million in the last 24 hours.

These increases come despite a drop in Ethereum, which has lost 1.47% in the last 24 hours.

Ethereum Classic was created as a hard fork of the original Ethereum chain back in 2016 over disagreements within the community following a hack. The new chain inherited the name Ethereum as we know it, while the original one functions as Ethereum Classic.

Additionally, ENS is a token associated with Ethereum Name Service, a decentralized naming system that converts complex, machine-readable names to ones easily understandable by humans.

See Also: Dogecoin Up 15% In 7 Days And One Indicator Shows It May Be Primed For An Aggressive Up Move

Why It Matters: ENS and ETC are fundamentally different from Ethereum, but many retail investors see them as cheaper alternatives.

It is worth noting that both ENS and ETC have much lower unit prices than ETH. So, while ETH gains popularity among institutions, individual investors may be tempted to shift their focus to lower-cap Ethereum coins

Price Action: At the time of writing, Bitcoin was exchanging hands at $67,503 trading mostly flat in the last 24 hours, according to data from Benzinga Pro.

Cryptocurrency: 3 Meme Coins Poised To Note 200% Spike This June – Watcher Guru

Posted on June 3, 2024 by Danzig

This cryptocurrency world is ever-evolving and surprising. With new meme coins entering the space, the crypto realm is now basking in the meme coin mania surge, helping investors get a taste of its eccentricity and unique approach.

With a bullish surge captivating the sphere as of now, several altcoins and meme coins are now sitting on the verge of a massive price push, which can make investors millionaires only if they know how to carefully maneuver the rising crypto realm.

Here are the three top meme coins that are poised to peak at 200% this June.

Also Read: Pepe Price Prediction: How High Can It Surge This Week?

Shiba Inu has been dubbed the OG, or the original crypto meme coin, ruling the space for a long time. The token boasts a robust and dedicated crypto community with a thriving ecosystem that is ready to expand and explore to the fullest. Per CoinMarketcap, SHIB is currently trading at $0.0000262, up 12% in the last month. With the impending altcoin surge, the token has the potential to attract a large influx of investors this June.

According to CoinCodex, Shiba Inu may spike nearly 226% by June 29, thereby establishing a new price ATH in the process.

According to our current Shiba Inu price prediction, the price of Shiba Inu may rise by 226.80% and reach $0.00009127 by June 29, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 73 (greed). Shiba Inu recorded 15/30 (50%) green days with 5.12% price volatility over the last 30 days.

Another solid meme coin to have ruled the current bullish phase of the season, DogWifHat has outperformed several new meme coins to establish its supremacy in the space. The token is trading at the $3.41 price level at press time and is up 34% in the last month.

According to CoinCodex, WIF may surge by nearly 230% in June 2024, quadrupling its price to ascend to a new price threshold.

According to our current Dogwifhat price prediction, the price of Dogwifhat may rise by 229.78% and reach $12.37 by June 29, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 73 (greed). Dogwifhat recorded 14/30 (47%) green days with 9.91% price volatility over the last 30 days.

Banking on the recent GME price surge, Pepe is now basking in its recent price action glory. The token has already established a new price, ATH, this month, and it seems like its already out on a roll to ascend even higher than before. Per CMC, Pepe is currently trading at $0.00001341, up 90% in the last month.

Also Read: 3 Reasons Why Cardano (ADA) Is Bound For A Future Breakthrough

According to CoinCodex, the green frog-themed token can ascend higher to trade at the $0.00004829 price threshold.

The price of Pepe Coin may rise by 226.32% and reach $0.00004829 by June 29, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 73 (greed). Pepe Coin recorded 17/30 (57%) green days with 28.16% price volatility over the last 30 days.

Cryptocurrency prices: Check today’s rates of Bitcoin, Ethereum, Dogecoin, Solana – NewsBytes

Posted on June 3, 2024 by Danzig

What's the story

Bitcoin has climbed 0.91% over the last 24 hours, trading at $68,394.45. It is 0.58% lower than the previous week. The second most popular token, Ethereum, has dropped 0.15% from yesterday to trade at $3,803.74. It has fallen 3.04% from last week. The market capitalization of Bitcoin and Ethereum now stands at $1,330.14 billion and $457.15 billion, respectively.

BNB is trading at $609.33, which is 0.79% up from yesterday and a 0.84% rise from last week. XRP is currently trading at $0.55 after falling down 0.43% in the last 24 hours. It is 2.85% down from last week. Cardano and Dogecoin are trading at $0.44 (down 0.69%) and $0.11 (down 0.26%), respectively.

Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $162.92 (down 1.81%), $7.04 (down 0.66%), $0.000022 (down 2.09%), and $0.66 (down 1.01%), respectively. Looking at the weekly chart, Solana has fallen 1.6%, while Polka Dot is down 5.89%. Shiba Inu has lost 0.11% of its value in the last seven days, whereas Polygon has declined 3.78%.

The top five gainers based on the 24 hour movement are Notcoin, Toncoin, Flare, Kaspa, and Gala. They are trading at $0.022 (up 19.52%), $6.80 (up 7.69%), $0.022 (up 6.44%), $0.11 (up 5.58%), and $0.044 (up 4.44%), respectively.

A stablecoin is a cryptocurrency with extremely low volatility. Its value is linked to a physical asset such as fiat currency or gold. Talking about some of the prominent tokens, Tether and USD Coin are trading at $0.99 (up 0.02%) and $1 (down 0.01%), respectively.

The biggest losers of the day are Synthetix, Bonk, ORDI, Beam, and BOOK OF MEME. They are trading at $2.65 (down 8.40%), $0.000033 (down 6.66%), $45.35 (down 6.59%), $0.022 (down 6.31%), and $0.011 (down 5.54%), respectively.

DeFi, short for decentralized finance, is an umbrella term for global, peer-to-peer financial services on public blockchains. Some of the popular DeFi tokens are Avalanche, Chainlink, Uniswap, Internet Computer, and Dai. They are trading at $35.02 (down 2.88%), $18.02 (down 1.96%), $9.59 (down 2.97%), $11.93 (down 1.38%), and $0.99 (up 0%), respectively.

Non-fungible tokens (NFTs) are cryptocurrencies that lack the attribute of fungibility, due to which they cannot be exchanged for one another. Some of the popular NFT tokens are Internet Computer, Render, Immutable, Stacks, and Theta Network. They are currently trading at $11.90 (down 1.63%), $9.93 (down 0.80%), $2.18 (down 1.80%), $1.85 (down 0.35%), and $2.10 (down 0.94%), respectively.

The current global crypto market cap is $2.53 trillion, a 0.27% increase over the last day. The total crypto market volume over the last 24 hours is $60.22 billion, which marks a 36.84% increase. Last month, the global crypto market cap was $2.21 trillion while three months back, the total capitalization stood at $2.35 trillion.

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Cryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana - NewsBytes

Cryptocurrency case against Utah DEBT Box dismissed, SEC ordered to pay attorney fees – Salt Lake Tribune

Posted on June 3, 2024 by Danzig

(AP Andrew Harnik, File) A federal judge in Utah dismissed a case against a cryptocurrency company after ruling attorneys for the SEC misled him early on.

| May 31, 2024, 12:00 p.m.

| Updated: 4:12 p.m.

A judge has dismissed the Securities and Exchange Commissions fraud case against crypto brokers based in Utah and ordered the agency to pay their attorneys fees, which hands the $1.8 million tab to taxpayers.

In March, Chief District Court Judge Robert J. Shelby had formally sanctioned SEC attorneys in the case for presenting misleading evidence during their bid to freeze the assets of DEBT Box.

Shelby on Tuesday dismissed the case, as the SEC had requested, without prejudice. That means the agency can try again to prosecute DEBT Box, but the judge added the condition that any future charges must be filed in his court.

The SEC declined to comment any part of the ruling, including whether attorneys would bring a new case. The dismissal, the government attorneys said in court documents, will allow them to regroup, conduct a proper investigation and decide on the appropriate next steps.

DEBT Box celebrated the ruling on X (formerly Twitter) and called it a monumental victory, not just for D.E.B.T. Box but for the entire industry and our dedicated community.

DEBT Box was once based in Draper and now operates overseas. Nearly 30 defendants associated with the company were charged, and the $1.8 million in defense fees will be split between eight attorneys offices.

My clients are relieved that its over, for now, said Richard Hong, lead attorney for DEBT Box, in a phone call Wednesday. We are gratified by the judges rulings and the full attorney fee awarding.

The SEC charged last July that DEBT Box and its associates had lied to investors about virtually every aspect of the business and pocketed millions in fraudulent earnings. Attorneys asked Shelby for a temporary restraining order and asset freeze, which he granted in August 2023.

Shelby later determined that some of the SECs key evidence was incorrect or misleading. He reversed the restraining order that fall and sanctioned the agency in an 80-page March ruling that called the SECs conduct a gross misuse of power.

Hongs office, New York-based Morrison Cohen LLP, is owed the most in fees around $565,500 and was granted the full amount it requested. Shelby ruled that a straight fee based on actual cost accrued, and not adjusted for local markets was an appropriate sanction for bad faith conduct on the part of Commission attorneys.

Defendants have already been the victim of this misconduct and they should not be revictimized by being required to establish the prevailing local rates for this type of litigation, Shelby wrote.

DEBT Box was co-founded by Utah brothers Jason R. Anderson and Jacob S. Anderson, according to court documents. Its associates and co-defendants include several executives from Utah and Utah-registered businesses. The company now conducts limited operations overseas, according to an attorney.

An earlier motion to dismiss from SEC attorneys said the agency would refile its case against DEBT Box, and argued there is still evidence that retail investors have been and are being harmed.

The most recent motion, which Shelby approved, said the SEC has replaced the entire legal and investigative team handling the case in the last few months, and argued a dismissal would allow the new team to reinvestigate and determine whether to refile.

The SEC wants to ensure that its allegations are fully supported by the record before proceeding with the litigation, the motion said.

Hong said his team and his clients will wait and see if the agency brings a new case against them. A new investigation will take time, and once it is done, it could take an additional eight weeks to present a recommendation to the commission if investigators decide another case is warranted, according to the agencys motion to dismiss.

Well see what happens next, Hong said. But if the SEC brings further action, we will be ready for it.

Shannon Sollitt is a Report for America corps member covering business accountability and sustainability for The Salt Lake Tribune. Your donation to match our RFA grant helps keep her writing stories like this one; please consider making a tax-deductible gift of any amount today by clicking here.

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Cryptocurrency case against Utah DEBT Box dismissed, SEC ordered to pay attorney fees - Salt Lake Tribune

Cryptocurrency Scams Are Still a Threat: 3 Safe Ways to Invest in Crypto – sharewise

Posted on June 3, 2024 by Danzig

Bitcoin (CRYPTO: BTC) may be on the cusp of truly going mainstream, but the crypto market continues to see no shortage of new scams. And it doesn't matter how big or sophisticated of an investor you might be. Even billionaires and longtime savvy investors can get duped by crypto scammers.

The good news is that you can take several basic steps to safeguard your crypto investments and steer clear of most crypto scams. Let's take a closer look.

Arguably, the safest way to invest in crypto is by investing only in exchange-traded funds (ETFs) for specific cryptocurrencies. You can buy and trade these ETFs the same way you would a tech stock, so there's no learning curve involved. You don't have to open any new accounts. Plus, you can sleep easy at night, knowing that every ETF has a seal of approval from the Securities and Exchange Commission (SEC). That helps to explain why the new spot Bitcoin ETFs have been so popular.

Source Fool.com

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Cryptocurrency Scams Are Still a Threat: 3 Safe Ways to Invest in Crypto - sharewise

Max Keiser Reveals Epic Bitcoin Prediction for Old ‘New’ El Salvador President By U.Today – Investing.com

Posted on June 3, 2024 by Danzig

U.Today - Nayib Bukele started his second term as President of El Salvador yesterday, continuing his administration's pioneering efforts in cryptocurrency adoption. Since September 2021, has been the official legal tender in the South American country.

As a reminder, in his first term, Bukele has reaffirmed his commitment to purchasing one BTC daily into a cold wallet until the cryptocurrency can no longer be technically acquired.

Max Keiser, a big supporter of Bitcoin and advisor to the President, has come up with an ambitious plan for El Salvador during Bukele's second term. Keiser thinks that the countrys wealth will be more and more controlled by its citizens through decentralized Bitcoin nodes.

In this scenario, the President will propose initiatives that the public can fund through crowd-sourcing, effectively reinventing the social contract and operating the nation on a circular BTC-focused economy.

He also sees El Salvador becoming debt-free and using its geothermal and volcanic energy to power Bitcoin mining, aiming to control 10% of the global hash rate.

The country has already made significant progress in this direction, using geothermal energy from the Tecapa volcano to mine 473.5 BTC, which is worth about $29 million. Of the 102 MW generated by the countrys power plants, 1.5 MW is dedicated to Bitcoin mining.

According to data from Arkham, El Salvador currently holds 5,718 BTC, worth about $400.26 million. Keiser thinks this innovative approach will reduce the influence of central banks and make international financial institutions like the IMF irrelevant in the countrys economic policies.

This article was originally published on U.Today

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Max Keiser Reveals Epic Bitcoin Prediction for Old 'New' El Salvador President By U.Today - Investing.com

Two 39-year-old Estonian men are the alleged kingpins behind a massive half billion fraud targeting thousands of U.S. … – Fortune

Posted on June 3, 2024 by Danzig

The Department of Justice is advancing a case alleging that two men in Estonia cheated investors in a byzantine cryptocurrency mining operation that generated $575 million, authorities said.

Sergei Potapenko and Ivan Turgin, both 39, were arrested in Tallinn, Estonia, and charged on an 18-count indictment filed in the Western District of Washington, DOJ said in a statement today. According to the indictment, the duo claimed to offer virtual currency mining rights to customers for a fee, but in reality they were relying on sham invoices, fabricated documents, and a crypto mining capacity of less than 1% of what they told customers. Potapenko and Turgin, and others who were unnamed in the indictment, spent the money people paid them on real estate properties in Estonia, luxury cars, and lavish gifts, authorities said.

The size and scope of the alleged scheme is truly astounding. These defendants capitalized on both the allure of cryptocurrency, and the mystery surrounding cryptocurrency mining, to commit an enormous Ponzi scheme, said U.S. Attorney Nick Brown of the Western District of Washington in a statement. They lured investors with false representations and then paid early investors off with money from those who invested later. They tried to hide their ill-gotten gain in Estonian properties, luxury cars, and bank accounts and virtual currency wallets around the world. U.S. and Estonian authorities are working to seize and restrain these assets and take the profit out of these crimes. The FBI is also investigating the fraud and actively seeking victims in the probe.

Starting in 2013, authorities said Potapenko and Turgin relied on a network of shell companies, bank accounts, and virtual asset service providers and wallets to funnel fraudulently obtained funds from victims who thought they were buying mining hardware. According to the U.S. Attorney, the duo claimed that its virtual cryptocurrency mining process, the process of verifying and adding transactions on a blockchain ledger, had significant power and capacity. Currency mining power is measured by hashrate, which indicates the number of calculations the computer can perform per second. In cloud or remote mining, people can rent so-called hashrate from a mining operation and get a portion of the virtual coins mined.

Potapenko and Turgin started a company called HashCoins in Estonia in December 2013 and marketed the firms mining equipment for Bitcoin and other digital assets, the indictment states. In reality, HashCoins didnt manufacture the equipment but was buying, building, and reselling parts manufactured by other companies. By 2014, HashCoins had a flurry of unhappy customers and it struggled to meet requests for refunds and fill new orders, authorities said.

In 2015, HashCoins told some clients that their undelivered currency mining equipment would be operated remotely instead of giving actual machines to customers that they paid for. Under the new deal, customers would get rights under mining contracts that would pay them a percentage of profits from the overall operation, known as HashFlare, authorities allege.

Supposedly, HashFlare allowed customers to buy virtual currency mining capacity that people paid for using credit cards, bank wires, and virtual currency transfers. Potapenko and Turgin told customers they could access their accounts through the HashFlare website, view their balances, and withdraw or reinvest to buy additional hashrate, authorities said. This generated more than $550 million from customers who wanted in on virtual currency mining. In reality, HashFlares mining activity was estimated to be less than 1% of the hashrate it sold to customers for Bitcoin mining and less than 3% of the hashrate sold for mining other coins.

And when people wanted to withdraw their supposed returns on the crypto-mining operations, they were either blocked from withdrawing, or could only take out small amounts, the complaint alleged. Sometimes Potapenko and Turgin bought virtual currency on the open market and paid it to investors. This made it a Ponzi scheme, the DOJ said.

Then in 2017, the two created another company, Polybius, which was supposedly a digital bank.

Polybius raised $25 million in an initial coin offering from outside investors. The bulk of the funds were transferred to accounts Potapenko and Turgin controlled. They never built a digital bank and have never paid dividends to investors, authorities alleged.

The two were arrested in 2022 in Estonia but werent extradited until April 2024, after they appealed the initial decision. The Estonian National Criminal Polices Oskar Gross, head of the Cybercrime Bureau said: The sheer volume of this investigation is described by the fact that this is one of the largest fraud cases weve ever had in Estonia.

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Two 39-year-old Estonian men are the alleged kingpins behind a massive half billion fraud targeting thousands of U.S. ... - Fortune

Cryptocurrency: 3 Coins To Buy If You’re A Die Hard Web3 Fan – Watcher Guru

Posted on June 3, 2024 by Danzig

The Web3 narrative is what sustains the cryptocurrency world. The fact that this realm has the power to influence and encapsulate the world via budding decentralized techniques is what makes the realm of cryptocurrency special from all sides. The space harbors investors of all kinds. Certain investors simply want to bask in the profitability that the sector offers in the long run.

However, certain investors and enthusiasts are keen to explore the developed side of the world and are here to know more about its power.

To keep the passion of such investors alive, here are the top three tokens one must stash if they truly honor the legacy of decentralized elements and ecosystems.

Also Read: 3 Reasons Why Cardano (ADA) Is Bound For A Future Breakthrough

Shiba Inu is unique in many ways. For instance, the token is dubbed the original, or OG crypto meme token, to have ruled the space. SHIB was one of the first coins to initiate and popularize the wave of meme coin mania, a phenomenon that changed the way monetization and profitability work.

Per Coinpedia, Shiba Inu is poised for a spike this year, surging as high as $0.00006697 in the process.

If the price can continue to rise above $0.00003682, it could reach the target of $0.00006697 in 2024. Yet, if the SHIB price reverses, it could undoubtedly drop to $0.000010. Overall, the outlook for SHIB is positive, although there is still some risk of a decline.

A power-packed crypto coin packed with the essence of web3 decentralization, Ethereum is a blockbuster of a token when it comes to hoarding it as a web3 fanatic.

The blockchain offers elements such as EVM to develop versatile apps, and robust Turing-based smart contracts to encourage wider adoption and development of DeFi, the elements that truly represent the real face of a decentralized framework.

With Ethereum ETFs in the mix, the token is poised for a spectacular price hike shortly.

According to Coinpedia, ETH could gain up to $10,000 by the end of 2024, helping its fans double their money in no time.

Also Read: Pepe Price Prediction: How High Can It Surge This Week?

Blazing past the overhead resistance, the ETH price pushes beyond the $4000 barrier. Moreover, the breakout rally signals a longer uptrend and avoids a death cross in the weekly chart. If the buyers cross the Ethereum market value above $5000, the bull run continuation can exponentially increase in 2024. With potential Spot ETF approvals and the Bitcoin Halving effect on altcoins, the price of ETH can reach $10,000.

With Cardanos modest price upticks this season, the currency has a long road to cover to gain its lost track. But despite encountering several price hurdles in its wake, the ADA ecosystem has emerged stronger than ever.

Cardano is built on a peer-reviewed scientific philosophy that gives ADA sound factual backing. At the same time, the ADA ecosystem pioneers a layered architecture in its chain, with CSL and CCL chains running in full mode.

Per Coinpedia, Cardanos new price goal by the end of 2024 is to touch the $2 mark.

The Cardano coin price brings a buying opportunity as it may soon cross $1 and reach the $1.5 mark. Therefore, with a bull run in 2024, Cardano prices may create a new swing high of $2.02. With an average of $1.695, the ADA prices could settle down to $1.37 by the end of 2024 due to exhaustion.

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Cryptocurrency: 3 Coins To Buy If You're A Die Hard Web3 Fan - Watcher Guru

The Path To Becoming A Millionaire With Cryptocurrency – The Crypto Basic

Posted on June 3, 2024 by Danzig

Investing in cryptocurrency has become more appealing with the recent bull run. The market offers exciting opportunities for those looking to increase wealth. Understanding the key strategies and making informed decisions can pave the way to significant gains. This guide explores the essential steps to potentially reach millionaire status through smart crypto investments. Discover how to navigate this fast-paced environment and make the most of todays crypto trends.

CYBRO is a one-of-a-kind marketplace that amplifies the native yield potential of the Blast blockchain. CYBRO offers early investors to enter the project on favorable terms by joining the CYBRO token presale.

At this stage, CYBRO tokens are available at discounts of over 2 times off their future market price, generating a generous ROI of 140%. The supply of the tokens is limited, and nearly 25M tokens have already been sold out. The earlier you buy, the bigger discount you get. Additionally, those investing a minimum of $1,000 in CYBRO during the presale will unlock weekly ETH rewards, available for withdrawal after the TGE.

Buy $CYBRO at the Best Price NOW to Secure 140% Profits

The CYBRO token will unlock cashback in CYBRO, discounted fees for trading and lending operations, staking rewards, an exclusive Airdrop, and the Insurance Program. This solid utility will set a strong base for CYBRO to rise in value post-TGE in Q3 2024.

With CYBRO, you can grow your crypto by investing in various vaults on Blast, the only Layer 2 blockchain to offer default yield for ETH and stablecoins staking. CYBROs ultimate goal is to provide users with the highest returns possible for each strategy, while ensuring a simple and transparent interface.

Secure Your Place in CYBRO at 58% Discount Today! Offer is Limited!

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The current market sentiment for Mantle (MNT) appears cautiously optimistic. With prices holding close to recent averages and modest increases over the past week and month, traders seem encouraged. Resistance and support levels show cautious but measurable range movement. These dynamics could foster the coins appeal, drawing new investors and potentially stabilizing its position in the market. Overall, simple metrics suggest a foundation for gradual but steady growth.

The 1inch Network displays mixed market trends despite recent positive price changes. The current price hovers above a key support level but sits below major resistance points. Key indicators show bearish conditions, yet recent gains suggest a potential shift. This tug-of-war could see 1INCH either break resistance for further growth or dip back to lower levels. Given its role in aggregating decentralized exchanges, any strong market move could amplify its utility and adoption.

Altlayer (ALT) is currently in a stable phase. Prices hover within a specific range. Indicators show that buyers and sellers are fairly balanced. However, the coins recent and massive six-month rise suggests keen interest. Over shorter periods, the gains are minor or slightly negative. This indicates a mild cooling period. Given Altlayers technology and market interest, any positive developments could lead to further gains, though some may also expect a short-term correction.

Ondo is experiencing a robust upward trend, with substantial gains over the short and medium term. Indicators like RSI and Stochastic suggest buying pressure, while the Moving Averages show slight consolidation. Immediate targets are reachable but may face minor corrections. This positive sentiment generally fuels investor confidence, potentially driving more market participants to buy or hold ONDO. With its current rapid price changes, Ondo remains an attractive option for traders looking for substantial returns.

While MNT, 1INCH, ALT, and ONDO show potential, their short-term gains might be limited. The focus should be on CYBRO. It leverages the unique yield potential of the Blast blockchain. The first release is planned for Q2 2024. CYBRO offers early investors an opportunity to join on favorable terms through its token presale.

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Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this pages content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Cryptocurrency: Top 3 Coins To Buy For 2X Profits In June – Watcher Guru

Posted on June 3, 2024 by Danzig

Cryptocurrency investors are constantly on the lookout for coins that have the potential to generate substantial returns. With June just around the corner, three coins have emerged as top contenders for achieving 2X profits: Pepe (PEPE), Shiba Inu (SHIB), and Dogecoin (DOGE).

Pepe has experienced an impressive 9% increase in the past 24 hours. The coins 24-hour low and high stand at $0.00001325 and $0.00001503, respectively.

Despite trading 14.06% below its all-time high of $0.00001718, reached on May 27, 2024, just four days ago, Pepes strong community support and viral appeal suggest that it has the potential to double in value in June.

As more investors discover the potential of this frog-inspired meme coin, PEPE could be poised for major price appreciation.

Also read: How High Can Ethereum (ETH) Surge This Weekend?

Shiba Inu (SHIB), often referred to as the Dogecoin Killer, has demonstrated remarkable resilience in the face of market volatility. Currently trading at $0.00002587, SHIB has experienced a slight 0.70% decrease in the past 24 hours. The coins 24-hour low and high are $0.00002565 and $0.0000269, respectively.

Although SHIB is currently trading 70.75% below its all-time high of $0.00008845, reached on October 28, 2021, the coins strong community and ongoing ecosystem development suggest that it has the potential to achieve 2X profits in June.

Also read: Ripple Hits Lowest RSI In History: Can XRP Hit $1 Soon?

Dogecoin (DOGE), the original meme coin that started as a joke but has since gained a massive following, continues to show steady growth. Currently trading at $0.1598, DOGE has experienced a modest 0.85% increase in the past 24 hours. The coins 24-hour low and high stand at $0.1581 and $0.1645, respectively.

Despite trading 78.35% below its all-time high of $0.7376, reached on May 8, 2021, Dogecoins strong brand recognition and increasing acceptance as a means of payment suggest that it has the potential to double in value in June.

Pepe, Shiba Inu, and Dogecoin have emerged as the top cryptocurrencies for achieving 2X profits in June. These meme-inspired coins have demonstrated strong communities, unique branding, and the potential for significant price appreciation.

Michael Saylor Breaks Silence on Bitcoin Dropping Below $68,000 By U.Today – Investing.com

Posted on June 3, 2024 by Danzig

U.Today - Prominent advocate and the co-founder of the MicroStrategy business intelligence giant Michael Saylor has published a tweet about Bitcoin as if to show confidence in the largest cryptocurrency by market capitalization value as it has suddenly lost the $68,000 price level overnight.

Saylors tweet contains an AI-generated image with an image of a physical Bitcoin and bees, stating: Bitcoin is a Swarm of Cyber Hornets.

Certain macroeconomic factors have influenced this sudden Bitcoin price decline. The personal consumption expenditures (PCE) price index faced a small rise of 0.25% in April, after a 12 month change of 2.75% that proved to be a three-year low for this metric.

Even though this was in line with analysts expectations, Bitcoin still went down by 2.14% in three consecutive red candles, from $68,608 to the $67,712 level. Today, a small rebound took place, pushing the largest crypto up slightly.

As reported by U.Today, major Japan-based cryptocurrency exchange DMM Bitcoin has faced a massive hack with more than $300 million worth of crypto taken away by anonymous hackers 4,502 BTC.

According to data provided by Chainalysis, this was the largest hack of a crypto trading platform since 2022 and the seventh biggest one in history of the crypto industry.

This article was originally published on U.Today

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Michael Saylor Breaks Silence on Bitcoin Dropping Below $68,000 By U.Today - Investing.com

Cryptocurrency: Meme Coin Created With ChatGPT Rises 2,000% – Watcher Guru

Posted on June 3, 2024 by Danzig

The cryptocurrency market has a meme coin segment that defies logic and a traditional investment approach. A meme coin named Turbo has been trading in the cryptocurrency market for over a year and was created using OpenAIs chatbot ChatGPT.

The meme coin Turbo was first launched a year ago in May 2023 and traded at $0.00031005. However, the cryptocurrency scaled up nearly 600% by the end of the year but began trading sideways in 2024.

Also Read: 10 U.S. Sectors To Be Affected if ASEAN Ditches the Dollar

Nonetheless, in the last 30 days alone, the Turbo meme coin skyrocketed nearly 1,400% and turned heavily bullish. Since a year, the Turbo cryptocurrency created with ChatGPT has surged a whopping 2,232% in value. The meme coin is among the top-performing cryptocurrencies this year that generated stellar returns for investors.

Also Read: Indias Stock Market Could Crash 20% if Modi Loses Elections

Therefore, an investment of $10,000 last year in the meme coin Turbo would have turned into $233,200 today. This shows that the meme coin segment in the cryptocurrency market is not bound to any financial rules. Meme coins chart their own course and the lucky and daring ones get the opportunity to make returns that even the stock market cant deliver in a short period.

Turbos price is currently hovering around the $0.007 range on Wednesday and is facing correction in the charts. Investors are now indulging in profit bookings and the sell-off made the cryptocurrencys price dip this week. However, meme coins are highly speculative assets, and its difficult to point its next direction in the charts.

Also Read: U.S. Dollar Is the Least Worst Fiat Currency: Strategist

It is advised to do thorough research before taking an entry position into the Turbo meme coin this month. The cryptocurrency market is known for its volatility and swings both ways making it difficult to digest the losses. In conclusion, while the Turbo meme coin soared 2,200%, there is no guarantee that it could repeat the feat.

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Cryptocurrency: Meme Coin Created With ChatGPT Rises 2,000% - Watcher Guru

Gemini Returning $2.1 Billion to Crypto Customers – PYMNTS.com

Posted on June 3, 2024 by Danzig

Fallen cryptocurrency lenderGeminiis reportedly set to begin returning billions in frozen customer funds.

The firm, owned by billionaire twin brothers Cameron and Tyler Winklevoss, announced Wednesday that it willreturn $2.18 billionof its digital assets to customers of the Earn program, CNBC reported, citing an email to customers.

Today, we are pleased to let you know that initial Earn distributions approximately 97% of the digital assets owed to you by Genesis as of the suspension date (November 16, 2022) are now available in your Gemini account, the email reads.

This follows our previous announcement that we reached a settlement with Genesis and other creditors in the Genesis Bankruptcy, which will result in all Earn users receiving 100% of their digital assets back in kind.

The message adds: This means that if you lent one bitcoin in the Earn program, you will receive one bitcoin back. And it means that you will receive any and all increase in the value of your assets since you lent them into the Earn program.

According to CNBC, the $2.18 figure represents a 232% recovery for users since the company suspended withdrawals for customers of its Earn program 18 months ago.

Introduced in 2021, Earn allows customers to enjoy yields on their cryptocurrencies by storing them with Gemini, which then lends that crypto to institutional borrowers through lending partner Genesis Global Capital.

Genesis paused newloan originations and redemptionsin November 2022, which forced Gemini to halt withdrawals from its Earn program. Genesis filed for bankruptcy protection last year, with the state of New York recently announcing a$2 billion settlementwith Genesis to repay defrauded investors.

The news comes as the crypto sector is at something of acrossroads, as PYMNTS wrote earlier this month upon the occasion of two news events: the jailing of one-time crypto wunderkind Sam Bankman-Fried, and the passage of theFinancial Innovation and Technology for the 21st Century(FIT21) Act, the first step in establishing a comprehensive crypto framework.

The bill, which faces an uncertain future in the Senate, establishes a process to permit the secondary market trading of digital commodities if they were initially offered as part of an investment contract.

In addition, it imposes comprehensive customer disclosure, asset safeguarding, and operational requirements on all entities required to be registered with the CFTC and/or the SEC.

Still, as PYMNTS CEO Karen Webster wrote years ago, bitcoin was an interesting, even fascinating, innovation, butnot the salvationof our global financial system not even close.

With political momentum seemingly behind the industry, now will be the time for the crypto sector to prove its worth or risk revealing to the world that this whole time the emperor truly had no clothes, PYMNTs wrote.

Gemini Returning $2.1 Billion to Crypto Customers - PYMNTS.com

SEC embrace of ether ETFs highlights cryptocurrency’s shifting political fortunes – CNBC

Posted on June 3, 2024 by Danzig

The newly opened door to ether ETFs is part of a larger story that dominated cryptocurrency markets last week: the industry's political tides appear to be shifting in its favor. Thursday night's approval by the Securities and Exchange Commission of a rule change that would pave the way for the creation of ether ETFs caught most market watchers off guard. Expectations of an approval were low as the week began, but flipped completely and suddenly last Monday sending ether up 20% . The SEC decision followed a vote in the House of Representatives on May 8 to overturn a controversial SEC accounting policy, known as SAB 121, that forces banks to treat digital assets on their books as liabilities. The White House said the same day that President Biden would veto the bill and, in any case, the Senate rejected the proposal on May 16. Meanwhile, on May 9, former President Donald Trump said he would soon begin accepting campaign donations in crypto. "While the news of the ether ETF is undoubtedly positive, the real excitement lies in the underlying reason for the SEC's sudden change," said RachelLin, CEO and co-founder ofthe decentralized derivatives trading platform SynFutures. "Until recently, the SEC and a faction of the U.S. administration had seemingly pursued an anti-crypto policy to stifle the sector. However, there seems to be a growing political realization within the administration that cryptocurrency is a matter that could sway the election." Landmark victory Then last week, one day before the SEC approved the rule change to allow ether ETFs, the House passed a crypto infrastructure bill called FIT 21 (the Financial Innovation and Technology for the21stCentury Act ), which would specify when crypto falls under the purview of the SEC versus the Commodity Futures Trading Commission. Many are hailing FIT 21 as a landmark victory for the industry. "There's a sea change going on in politics right now," Oppenheimer senior analyst Owen Lau told CNBC. "People are starting to realize that being anti-crypto is a bad politics." The Beltway consensus is that FIT 21 is unlikely to come up for a Senate vote, but Lau said its passage in the House lays the groundwork for the next Congress that will be seated next January. "We are getting closer to regulatory clarity," he added. "The problem with the status quo is there are no rules." As a result, "there's a lot of unpredictability in this space that can push capital, talent and projects out of this country." Alex Thorn, head of research at Galaxy Digital, noted that there isn't much time in the legislative calendar for the passage of industry-friendly bills, with the summer recess looming and a Presidential election in the fall. Still, he didn't completely write off the Senate picking up existing efforts, such as the Lummis-Gillibrand Responsible Financial Innovation Act , co-sponsored by Democratic Senator Kirsten Gillibrand (N.Y.) and Republican Senator Cynthia Lummis(WY) , aimed at creating a comprehensive regulatory framework for crypto assets. "I'd be surprised if FIT 21 or something like it actually becomes law this year," said Thorn. "The politics of this are what is most interesting. It does portend a sweeping change in [the] Democratic leadership approach to this industry, and that can only help crypto."

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SEC embrace of ether ETFs highlights cryptocurrency's shifting political fortunes - CNBC

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