Top 10 Crypto News in the Last 24 Hours
1. Jump Crypto Subsidiary Settles with SEC for $123 Million
Jump Crypto's subsidiary, Tai Mo Shan Limited, has agreed to pay $123 million to settle SEC charges over the misrepresentation of TerraUSD's stability. This move adds to the growing regulatory scrutiny on crypto firms.
2. Michael Saylor’s MicroStrategy Adds Former Binance.US CEO to Board
Brian Brooks, former CEO of Binance.US, has joined the board of MicroStrategy. This appointment is seen as strengthening MicroStrategy's position within the crypto space, signaling potential new initiatives and collaborations.
3. Interpol Issues Red Notice for Hex Founder Over Allegations
Interpol has issued a Red Notice for Richard Heart, founder of Hex, PulseChain, and PulseX, in connection with tax fraud and assault allegations. This has caused significant concern within the crypto community.
4. France’s Groupe BPCE to Offer Bitcoin and Crypto Investments to 35 Million Users
Groupe BPCE, one of France's largest banking groups, will offer Bitcoin and cryptocurrency investments to its 35 million customers, marking a significant step toward the mainstream adoption of digital assets in Europe.
5. Deutsche Bank Unit to Pay $4M for Delayed Suspicious Activity Reports
Deutsche Bank's unit has agreed to pay $4 million for failing to file suspicious activity reports concerning crypto-related transactions. This highlights the continued regulatory pressure on traditional financial institutions involved with crypto.
6. Ethereum Price Analysis: Is the Crash Over?
Ethereum's recent price downturn is causing speculation about whether it has hit its bottom. Analysts are divided, but some see potential recovery opportunities if certain market conditions are met.
7. IOTA Community Approves Rebased Protocol Upgrade
The IOTA community has approved a significant protocol upgrade aimed at improving scalability and security. This upgrade is seen as a major step forward in the evolution of IOTA’s blockchain.
8. Hawk Tuah Influencer Speaks Out After Memecoin Rug Pull Allegations
The influencer behind the Hawk Tuah memecoin has responded to allegations of a rug pull after the coin experienced a dramatic 90% price crash and significant investor losses.
9. Bitcoin Price Nears $100K Amid Record ETF Outflows
Bitcoin's price is edging closer to the $100,000 mark, coinciding with record outflows from Bitcoin exchange-traded funds (ETFs), which could signal changing investor sentiment and growing confidence in the asset.
10. Ethereum NFT Collections Drive Weekly Volume to $304 Million
Ethereum-based NFT collections are driving a surge in trading volume, reaching $304 million in the past week. This demonstrates the continued popularity and growth of NFTs in the broader crypto ecosystem.
These developments highlight the dynamic and fast-paced nature of the crypto world. Whether through regulatory changes, market movements, or technological advancements, the landscape is continuously evolving, presenting both challenges and opportunities for investors and enthusiasts alike.
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