The SEC stopped its investigation into the status of Ethereum, MicroStrategy purchased an additional 11,931 BTC, Notcoin will abandon the idea of a clicker game, the Winklevoss donated $2 million in Bitcoin to Trump, and other events of the past week.
Bitcoin price dropped to $64,000
The first cryptocurrency started the week above $66,000, but already on Monday, June 17, fell to $65,000. On Friday, June 21, digital gold fell below the $64,000 level.
At the time of writing, Bitcoin is trading at $64,100.
BTC/USDT hourly chart of the Binance exchange.
All digital assets from the top 10 by capitalization finished the week in the “red zone”. The biggest losers were Dogecoin (-10.4%) and Solana (-11.4%).
CoinGecko Data
The total capitalization of the cryptocurrency market is $2.45 trillion. Bitcoin dominance index - 55.4%.
The SEC has closed its investigation into the status of Ethereum
The US Securities and Exchange Commission (SEC) Division of Enforcement has closed its investigation into Ethereum 2.0. This is stated in the ConsenSys message.
The SEC took this step after the organization sent a letter asking for clarification of the asset class when approving spot ETH-ETFs.
The corresponding appeal on behalf of ConsenSys was received on June 7. In it, its staff asked the regulator to confirm that the product's 19b-4 filings were based on the premise that the asset was classified as a commodity, and therefore the agency would close the investigation.
Ethereum survived the SEC. In other words, the department will not bring charges that sales of ether are transactions with securities,” ConsenSys wrote.
On April 26, the organization filed a lawsuit against the Commission and its five unnamed employees over “ETH regulation.” In it, she urged the court to formally approve language that would not consider an asset to be a security.
ConsenSys announced its intention to achieve greater regulatory clarity regarding cryptocurrencies. To this end, the organization will continue to fight the SEC in court.
MicroStrategy bought 11,931 BTC and issued shares worth $800 million
MicroStrategy purchased an additional 11,931 BTC for $785 million (~$65,883 per coin) using proceeds from convertible notes and excess cash.
In total, the firm now holds 226,331 BTC, acquired for approximately $8.33 billion. At the time of writing, these assets are valued at $14.5 billion.
At the same time, MicroStrategy founder Michael Saylor announced the sale of convertible bonds with a yield of 2.25% due in 2032. The total cost of securities sold was $800 million.
Notcoin will abandon the idea of a clicker game
The developers of the Web3 gaming project Notcoin want to move away from the clicker idea to create a more sustainable model. The creator of the game, Alexander Plotvinov, spoke about this.
According to him, “tapalki” will not have long-term success among users and do not contribute to attracting income.
“I don't think this will last forever. From my point of view, only games with sustainable models will survive,” Plotvinov said.
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