some important news about the crypto market today ¹:
- *Spot Ether ETFs approved*: The SEC has approved the spot Ether ETFs, but Gary Gensler, the SEC chief, did not vote for them.
- *Bitcoin price drop*: The price of Bitcoin is down 10% from its record high, and many analysts say BTC could drop lower as part of its routine consolidation phases.
- *Coinbase and SEC dispute*: Coinbase claims that the SEC is evading the real issue, and the court was wrong to take its side in a defense of its interlocutory appeal.
- *FTX bankruptcy lawyer*: An independent probe found that Sullivan & Cromwell was not complicit in the now-defunct exchange’s fraud.
- *Do Kwon’s extradition*: Do Kwon’s extradition to go back to Montenegro High Court after appeal. Since his arrest in March 2023, Do Kwon has been in Montenegro.
- *Crypto mining on farms*: The UAE agriculture authority prohibits crypto mining on farms. Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722.
- *EU Council agreement*: The EU Council reaches an agreement on supercomputer use for AI development. The EU Council has agreed on regulation to expand EuroHPC’s supercomputing role, adding AI factories to boost Europe’s AI ecosystem and support startups.
Today's crypto news highlights the ongoing developments in the cryptocurrency market, including regulatory approvals, legal disputes, and market trends.
Publish by 📝 AJ GHAM YAR
