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ARK Invest CEO Cathie Wood said that the sudden approval of ETH ETFs is due to crypto becoming an election issue. She emphasized ARK’s commitment to low fees for its Bitcoin ETF to ensure accessibility.

ARK Invest CEO Cathie Wood said that the sudden approval of ETH ETFs is due to crypto becoming an election issue.

She emphasized ARK’s commitment to low fees for its Bitcoin ETF to ensure accessibility.

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Binance seeks to dismiss most of the £10bn ($12.8bn) London lawsuit alleging it and other exchanges, including Kraken, colluded to delist Bitcoin Satoshi Vision (BSV). The lawsuit claims the 2019 delisting was anti-competitive, causing BSV's value to drop. Binance argues those who kept BSV did so voluntarily. BSV Claims wants the case to proceed to trial. Kraken called the lawsuit "baseless." The delisting was partly due to Craig Wright's false claim to be Bitcoin's inventor, Satoshi Nakamoto.
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The official account of Rivermen, one of the hottest NFT projects in China's last bull market, stated that the parent company had declared bankruptcy and owed employees about $80k in salaries. Rivermen price reached a historical high of about 1.2 ETH in March 2023 (~$2.2k), with a market value of about $20m. The current floor price is only 0.0075 ETH (~$28.6).
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Roger Ver, known as "Bitcoin Jesus," has been released on bail in Spain, facing extradition to the US on tax fraud charges. Ver posted $163k bail, must remain in Spain, surrender his passport, and report to court every two days. The US seeks his extradition for failing to report capital gains or pay taxes on Bitcoin holdings, allegedly avoiding at least $48m in taxes. His lawyer states that Ver has been in contact with US authorities, questioning the need for his arrest.
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Binance's native token, BNB, has hit a new all-time high of $711.56 after a 17% surge in the last 7 days, currently trading at $703. The rally is driven by increased activity on Binance's Launchpad and Launchpool, with the recent launch of the Telegram-based gaming token, Notcoin (NOT), which surged 140%.
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US politicians urged President Biden to secure the release of Binance executive Tigran Gambaryan, detained in Nigeria on disputed charges. Tigran has been wrongfully detained in Nigeria since February. He is also a former IRS agent and during his time, the agency seized $4.73bn in illicit funds.
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