🌙 ETH Is Not a Security

SEC drops investigation into Ethereum studio Consensys. Gary Gensler’s SEC won’t sue Consensys over Ethereum’s potential status as a security.

Author

Mike Gavela
June 19, 2024

Crypto Roundup - June 19

The SEC's decision to drop its investigation into Ethereum and ConsenSys may signal a more favorable regulatory environment for cryptocurrencies. Martin Shkreli's claim of involvement with the DJT token raises questions about the token's legitimacy as blockchain investigators delve deeper. Kraken's disclosure of a $3 million hack highlights ongoing security challenges in the crypto sector and the increasing sophistication of cybercriminals.

Top Stories:

  • SEC drops Ethereum investigation, easing regulatory pressure on the crypto industry.

  • Martin Shkreli claims involvement in Trump-linked DJT token amidst blockchain investigations.

  • Kraken reveals hackers exploited a bug for $3 million and turned to extortion.

TOP STORIES

SEC drops investigation into Ethereum studio Consensys

Gary Gensler's SEC won’t sue Consensys over Ethereum’s potential status as a security after all

blockworks.co/news/sec-drops-ethereum-consensys-investigation

Martin Shkreli Says He Is Behind Trump-Linked DJT as ZachXBT, GCR Start Poking Around

The young token made waves in the crypto community over its supposed status as the “official” Trump token. Turns out one of X's biggest loudmouths was behind its issuance.

www.coindesk.com/markets/2024/06/19/martin-shkreli-says-he-is-behind-trump-linked-djt-as-zachxbt-gcr-start-poking-around

Kraken Says Hackers Turned to 'Extortion' After Exploiting Bug for $3M

The bug found by a "security researcher" led to nearly $3 million stolen from Kraken's treasuries.

www.coindesk.com/business/2024/06/19/kraken-says-hackers-turned-to-extortion-after-exploiting-bug-for-3m

FUNDRAISES

OTHER HEADLINES

Bitcoin Whales Sold Over $1B BTC in Past Two Weeks: CryptoQuant

The selling coincides with net outflows from U.S.-listed bitcoin ETFs in the same period, data shows.

www.coindesk.com/markets/2024/06/19/bitcoin-whales-sold-over-1b-btc-in-past-two-weeks-cryptoquant

Crypto Markets Bounce after SEC Closes Ethereum 2.0 Investigation - The Defiant

Spot Bitcoin ETFs recorded $152 million in net outflows on Tuesday.

thedefiant.io/news/markets/crypto-markets-bounce-after-sec-closes-ethereum-2-0-investigation

LayerZero Announces 1.28 Million Wallets Are Eligible For Airdrop - The Defiant

LayerZero has announced that nearly 1.3 million wallets will receive 23.8% of its token's supply in the project's long-awaited upcoming airdrop.

thedefiant.io/news/defi/layerzero-announces-1-28-million-wallets-are-eligible-airdrop

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