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🌙 SEC's Crypto Enforcer Quits
Hirsch was the chief of the crypto asset and cyber unit in the Division of Enforcement at the U.S. SEC.
Mike Gavela
June 17, 2024
Crypto Roundup - June 17
David Hirsch, the U.S. SEC's leading crypto enforcer, has resigned, signaling potential shifts in regulatory approaches. His departure comes at a critical time for crypto regulation in the U.S. Meanwhile, Deutsche Telekom, the parent company of T-Mobile, has announced plans to enter the Bitcoin mining industry, reflecting increased institutional interest in cryptocurrency. This move underscores the growing mainstream acceptance and investment in digital assets. Additionally, Tether has revealed that its dollar-pegged stablecoin will now be backed by gold, marking a significant move in the stablecoin market. This decision aims to enhance the stability and appeal of Tether amidst ongoing market volatility.
Top Stories:
David Hirsch quits: U.S. SEC's top crypto enforcer resigns amid critical regulatory period.
Deutsche Telekom plans: Telecom giant to mine Bitcoin, indicating growing institutional interest.
Tether backed by gold: Dollar-pegged stablecoin gets gold backing for enhanced stability.
TOP STORIES
FUNDRAISES
Excited to announce our Seed Round led by @ElectricCapital to make high-growth, emerging assets trading accessible to all.
Joining Electric are the best builders, investors and traders from across DeFi and Web3, including @alliancedao@Memeland@santiagoroel@LucaNetz @0xCygaar… x.com/i/web/status/1…
— Wasabi Protocol 🟢 (@wasabi_protocol)
4:17 PM • Jun 17, 2024
OTHER HEADLINES
CRYPTO TWITTER (X)
Everyone wants a piece of the Bitcoin pie.
— Lark Davis (@TheCryptoLark)
7:56 PM • Jun 17, 2024
By now, you’ve likely heard Sui Bridge is live on Testnet! To celebrate, we have an incentive program inviting participants to engage with the bridge frontend to help us catch any edge cases and fix bugs. 100,000 SUI will be distributed on Mainnet to addresses that participate.
— Sui (@SuiNetwork)
8:27 PM • Jun 17, 2024
Wake up anon ☕️. $ZK, a governance token from @zksync has just dropped
Here's what you should know about its vesting schedule:
- 18% unlocked on TGE (Circ. Supply: 3.7B, Max: 21B)
- First cliff unlock on June 2025 (21% of circ. supply)
- Followed by a periodic monthly cliff… x.com/i/web/status/1…— Token Unlocks (@Token_Unlocks)
2:59 PM • Jun 17, 2024
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