NewsBriefs - CoinStats advises fund migration due to security breach

Jun 22, 8:40 PM The Block

CoinStats advises fund migration due to security breach

CoinStats, a key app for managing crypto portfolios, has issued a warning to users to move their tokens from wallets created on the platform following a security breach. The breach has compromised wallet integrity, prompting offline measures and an investigation by CoinStats. The incident did not affect externally linked wallets but has raised concerns over platform security.

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• Jun 27, 9:16 PM The Block

  Coinbase and Stripe partner to enhance crypto payments globally

  Coinbase has teamed up with payment company Stripe to integrate each other’s technologies enhancing global crypto transactions. Under the partnership, Stripe will incorporate Coinbase's Layer 2 network, Base, into its crypto payout options, while Coinbase will add Stripe as a payment method for purchasing crypto using credit cards or Apple Pay. Additionally, the collaboration will enable Coinbase customers to use the stablecoin USDC on Stripe's platform to facilitate easy fiat-to-crypto conversions, streamlining money transfers to over 150 countries.

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• Jun 27, 9:15 PM Cryptoslate

  Worldcoin Foundation backs Wormhole to integrate WorldID on Solana blockchain

  The Worldcoin Foundation has provided a $70,000 grant to Wormhole for implementing WorldID verification on the Solana blockchain. This initiative will allow Solana-based applications to authenticate user IDs previously verified on the Ethereum network, enhancing security, privacy, and interoperability across chains. It also underscores Worldcoin's commitment to expanding digital economic access worldwide.

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• Jun 27, 8:33 PM Cointelegraph

  OpenAI faces new lawsuit while expanding media partnerships

  OpenAI and Microsoft are sued by the Center for Investigative Reporting for allegedly using copyrighted materials without permission to train AI models. Concurrently, OpenAI forges a multi-year content agreement with Time to leverage their extensive historical work for AI development, despite facing multiple similar lawsuits from various news outlets.

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• Jun 27, 4:00 PM Crypto Briefing

  VanEck proposes first US Solana ETF as SOL price surges

  Solana's price leapt nearly 10% reaching $151 after VanEck filed with the SEC to launch the first US Solana ETF, marking it as a commodity. This development highlights Solana's attributes of scalability, speed, and low transaction costs, suggesting a growing institutional interest in crypto assets like Solana and Ethereum in the US market.

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• Jun 27, 3:59 PM The Block

  Vitalik backs MegaETH in $20m seed round for 100k TPS Ethereum-compatible chain

  MegaLabs successfully concluded its seed funding round, raising $20 million for MegaETH, a new blockchain designed to enhance performance by enabling 100,000 transactions per second (TPS) and offering full Ethereum compatibility. The funding, led by Dragonfly along with other notable investors like Ethereum co-founder Vitalik Buterin, elevated MegaETH's token valuation to over $100 million. The funds will be utilized to advance MegaETH’s capabilities, focusing on high throughput and computational efficiency, and to prepare for its upcoming mainnet launch later in the year.

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• Jun 27, 3:44 PM CoinDesk

  Supreme Court rules against SEC's use of in-house tribunals

  The US Supreme Court has decided, in a 6-3 vote, that the SEC's employment of in-house judges breaks constitutional rights by denying jury trials. Previously allowed by the 2010 Dodd-Frank Act, this decision mandates the SEC to now pursue all securities fraud cases in federal courts, impacting other federal regulators relying on similar internal enforcement methods. This ruling curtails the SEC's internal adjudication abilities, significantly affecting its handling of cases related to financial securities, including past crypto-related lawsuits.

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• Jun 27, 3:05 PM Cointelegraph

  Biden and Trump set for presidential debate potentially featuring crypto discussion

  In an unprecedented move, US President Joe Biden and former President Donald Trump are scheduled for a debate on June 27 at CNN’s Atlanta studios, where crypto might be discussed for the first time in US presidential debate history. With Trump reversing his stance to embrace crypto-friendly policies and Biden continuing a regulatory approach, the crypto community anticipates significant attention during the debate. Amidst heightened crypto advocacy, this debate could shape future US crypto policy landscapes.

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• Jun 27, 3:05 PM Cointelegraph

  Biden and Trump set for presidential debate potentially featuring crypto discussion

  In an unprecedented move, US President Joe Biden and former President Donald Trump are scheduled for a debate on June 27 at CNN’s Atlanta studios, where crypto might be discussed for the first time in US presidential debate history. With Trump reversing his stance to embrace crypto-friendly policies and Biden continuing a regulatory approach, the crypto community anticipates significant attention during the debate. Amidst heightened crypto advocacy, this debate could shape future US crypto policy landscapes.

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• Jun 27, 1:50 PM Crypto Briefing

  VanEck seeks to launch the first Solana ETF in the US

  Asset manager VanEck has filed for the first Solana (SOL) exchange-traded fund (ETF) in the US, aiming to enhance crypto investment options by treating SOL as a commodity. The move follows VanEck's successful launch of the Bitcoin ETF in Australia and an awaiting Ethereum ETF in the US. Matthew Sigel, Head of Digital Assets at VanEck, emphasized Solana's unique blockchain features, such as scalability and low costs, which positions SOL similarly to other significant digital commodities like Bitcoin and Ethereum.

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• Jun 27, 9:48 AM Coindesk

  Galaxy predicts $5B in net inflows for Ether spot ETFs in first five months

  Galaxy anticipates significant investor interest in Ether spot ETFs, expected to generate approximately $5 billion in net inflows over the initial five months following their approval, with a considerable share of demand coming from independent investment advisors and broker/dealer platforms. Despite challenges such as the absence of staking rewards and the potential drag from outflows from the Grayscale Ethereum Trust, Ether’s unique market position, with a large portion of its total supply locked up, makes it particularly sensitive to ETF-related inflows, differentiating it from Bitcoin spot ETFs. SEC approval could further boost the trading of these ETFs as early as July.

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• Jun 27, 7:10 AM Bitcoin Sistemi

  SEC nears approval for Ethereum spot ETFs with possible July 4 start

  The US Securities and Exchange Commission (SEC) is expected to approve several spot Ethereum ETFs by July 4, as final negotiations with asset managers conclude. This development follows the SEC's recent approval of registration statements for multiple Ethereum ETF initiatives. SEC chairman Gary Gensler confirmed that the approval process is progressing smoothly.

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• Jun 27, 12:00 AM Crypto Briefing

  Coinbase maintains support for OCEAN and FET amidst ASI token merger

  Coinbase has announced that while it will continue to support trading for Ocean Protocol (OCEAN) and Fetch.ai (FET) tokens, it will not handle user migrations in the upcoming ASI token merger slated for mid-July. Instead, Coinbase encourages users to manage migrations using self-custodial wallets, such as Coinbase Wallet. The ASI merger, involving a consolidation of OCEAN, FET, and SingularityNET (AGIX) into a new token to foster decentralized AI development, contrasts with other major exchanges that will facilitate the token transitions directly.

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• Jun 26, 5:20 PM Crypto Briefing

  US government moves 4,000 BTC to Coinbase amid market pressure

  The US government transferred approximately 3,940 Bitcoin, valued at around $241 million, to Coinbase from a wallet associated with the Silk Road seizure. This move, part of broader activities involving large-scale crypto transactions by the government, could potentially influence Bitcoin's market dynamics as it adds to the selling pressure following similar transfers by other entities and ongoing payouts from the Mt. Gox repayment plan.

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• Jun 26, 4:22 PM Cointelegraph

  Animoca Brands eyes 2025 for stock market return, explores new regions

  Animoca Brands, a leading name in gaming and the metaverse, is considering a 2025 return to the public market, focusing on crypto-friendly areas like Hong Kong and the Middle East for its potential listing. The company, delisted by the Australian Securities Exchange in 2020 over crypto compliance issues, is also engaging in new funding strategies, including the tokenization of a historic violin for a multimillion-dollar loan. Amidst a fluctuating valuation, impacted by broader market downturns, Animoca continues to seek investments and adapt its financial strategies to navigate through challenging times in the crypto and gaming industries.

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• Jun 26, 2:20 PM Crypto Briefing

  Ripple Labs CEO claims SEC chairman Gensler's crypto stance could cost Biden the election

  Ripple Labs CEO Brad Garlinghouse criticized SEC Chairman Gary Gensler's approach to crypto regulation, suggesting it might jeopardize President Joe Biden's reelection. According to Garlinghouse, Gensler's negative remarks about crypto executives and an alleged lack of oversight on major crypto firms represent a failure to protect American investors and could influence the upcoming election outcome.

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