👨⚖️U.S. presidential candidate Robert F. Kennedy Jr. proposed putting the U.S. budget on the blockchain during a rally in Michigan, suggesting it would enhance transparency by allowing Americans to track government spending.
🐂 Analysts at Kaiko express skepticism about a sustained bull run for Bitcoin post-halving, contrary to earlier expectations. Decreasing miner rewards may not be the primary catalyst for growth, especially as miners are reportedly losing money.
💼 The SEC delays its decision on spot Ethereum ETFs, with prospects for approval seeming dim. Industry heavyweights vie for approval, but one analyst pegs the likelihood of approval at just 35%.
🔒 Samourai Wallet founders are arrested for money laundering, while Wasabi Wallet blocks U.S. citizens from its services. Phoenix Wallet will also cease operations for U.S. residents.
⚖️ Custodia Bank challenges a lower court’s decision to deny its attempt to join the U.S. banking system. Pro-crypto lawyer John Deaton vows to support Coinbase’s legal motions. The SEC sues Bitcoin mining company Geosyn, alleging unregistered securities offering. Consensys sues the SEC over Ethereum oversight attempts.
📉 The spot Bitcoin ETF sector experiences outflows, while BNY Mellon's exposure to BTC ETFs highlights growing institutional interest. Ethereum co-creator Vitalik Buterin points out drawbacks in Bitcoin's proof-of-work design. Blockchain developer Movement Labs secures $38 million in VC funding, reflecting continued investor interest in the cryptocurrency sector.
