This Week in Crypto: Major Developments Unfolding 🌐
A lot of interesting and potentially game-changing events happened this week. Let's break it all down:
🥇 Ethereum Wins Against SEC
ConsenSys (the developer of Ethereum) announced that the SEC has informed them about the closure of its investigation into Ethereum.
This means that transactions involving ETH will no longer be considered securities transactions.
Following this news, ETH rose by over 3%.
📒 Tether Announces New Stablecoin
Tether (the creator of USDT) has introduced a new line of assets—Alloy By Tether.
This allows for the creation of digital assets backed by gold stored in Swiss vaults.
The first such asset is a new stablecoin called aUSDT.
🔎 ETH-ETF Coming on July 2
According to a Bloomberg analyst, a spot ETF for Ethereum is expected to launch in less than two weeks.
Trading will commence after the acceptance of the S-1 form, marking the final step before listing.
📉 MicroStrategy Acquires More BTC
MicroStrategy has purchased 11,931 BTC at an average price of $65,880, using funds from bond sales.
The company now holds a total of 226,331 BTC at an average price of $36,800.
Stay tuned for more updates and watch how these developments shape the crypto landscape! 🚀
