CFTC Chairman Michael Selig Says Gemini Was ‘Politically Targeted’ By Biden Administration
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, may have been politically targeted under the Biden administration, according to current Commodity Futures Trading Commission Chairman Michael Selig. “Politically Targeted” Speaking on CNBC’s Squawk Box, Selig said the CFTC is attempting to reverse what he described as a...
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Bitcoin’s On-Chain Landscape Looks Far Different From Its 2021 Bull Market Peak
Given the prolonged waning price action, the Bitcoin network is starting to feel this bearish pressure, leading to a sharp decline in activity across the network. After a period of downward performance, the level of activity and participation within the network has significantly dropped below levels seen in previous...
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Coinbase and Ethena tease a bigger push as ENA gains speed
Coinbase Ventures has purchased ENA tokens on the open market as Coinbase and Ethena prepare a new partnership focused on on-chain finance and savings products. Ethena said in an official X post on Tuesday that Coinbase Ventures made its first…...
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Coinbase buys ENA stake as Ethena token jumps 15% on expanded partnership
Coinbase Ventures bought ENA as Coinbase expanded its Ethena partnership across custody, wallets, perps, and USDe access. The post Coinbase buys ENA stake as Ethena token jumps 15% on expanded partnership appeared first on Crypto Briefing....
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MSTR Plunges 8% As Peter Schiff Says Saylor’s STRC Bitcoin Engine Is In A ‘Death Spiral’
Strategy Inc.’s (NASDAQ:MSTR) preferred stock (NASDAQ:STRC) dropped below $98 on Tuesday as Peter Schiff declared the death spiral he predicted has officially begun. Cash Reserve Drained From 21 Months To 6.1 Months Strategy’s USD reserve, designed to cover preferred stock dividends, stood at $871 million as of May 31,...
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Why Elizabeth Warren And Bernie Sanders Want Crypto Out Of 401K Plans
Senators Bernie Sanders (D-VT) and Elizabeth Warren (D-Mass.) sent a letter Sunday pushing the Department of Labor to kill a proposed rule that would open 401(k) retirement plans to cryptocurrencies and other alternative assets. Rule Would Strip Long-Held Investor Protections, Lawmakers Say The rule originated from a Trump executive...
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BNB Chain Ecosystem Sees Major Institutional Week With US ETF Debut, Asset Manager Bet
As financial institutions continue to bet on the crypto industry, the BNB Chain ecosystem saw major developments last week, with the launch of the first US Spot Exchange-traded Fund (ETF) and its inclusion among the top networks to benefit from upcoming regulatory clarity. BNB Joins The US ETF Race...
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Coinbase makes a quiet bet on ProShares stablecoin reserve ETF
Coinbase has invested in ProShares’ GENIUS Money Market ETF as stablecoin issuers prepare for stricter reserve rules under the GENIUS Act. BlockBeats reported on June 2 that Coinbase will invest in the ProShares fund, known by the ticker IQMM. The…...
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Charles Schwab debuts 24/7 Bitcoin, Ether, Solana and Ripple futures, targets spot crypto for advisors next year
Schwab’s crypto futures expansion and upcoming spot trading for advisors could significantly enhance digital asset accessibility and market engagement. The post Charles Schwab debuts 24/7 Bitcoin, Ether, Solana and Ripple futures, targets spot crypto for advisors next year appeared first on Crypto Briefing....
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Franklin Templeton and MoonPay open new door for BENJI fund
Franklin Templeton has added its BENJI tokenized money market fund to MoonPay Trade, giving institutional clients a new route between stablecoins and tokenized fund products. According to a statement released Tuesday, the partnership will allow institutional users to swap USDC,…...
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