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ETH jumped slightly and again broke $3,500 in the minutes after Consensys reported the SEC had dropped its investigation into Ethereum.
ETH
tickers down $3,562
is back above $3,500, having seen a slight price bump after Consensys said the United States Securities and Exchange Commission is ending its investigation into whether ETH is a security.
ETH traded at $3,493 up until the company posted to X on June 19 that the SEC will be shutting its probe — which is “huge for the space,” according to crypto commentators.
“The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” Consensys wrote.
Within 20 minutes, Ether jumped around 1.4% to $3,541 — breaking its critical and closely watched $3,500 level, according to CoinMarketCap data. At the time of publication, it is trading at $3,531.
The $3,500 level has been crucial for traders, as Ether has frequently moved above and below the mark. Over the past 30 days, it has been a key support level. please follow me for more updates. THANK YOU #etherreum #BinanceTournament
Bitcoin Touches a One-Month Low in a Broad Crypto Market Sellof
Bitcoin touched a one-month low as outflows from digital-asset investment products and the prospect of higher-for-longer US borrowing costs sapped the cryptocurrency market.
The largest digital asset shed as much as 3.2% on Tuesday, reaching a level last seen in mid-May, before paring some of the drop to trade at $64,520 as of 12:10 p.m. in New York. Smaller tokens such as Ether, Solana and Dogecoin also sank. #BinanceTournament #AirdropGuide #altcoins . follow me for more updates
Donald Trump flips on crypto: From 'scam' to building a 'crypto army'.🤑🤑🤑🤑🤝🤝🤝
Once “not a fan” of cryptocurrency, Trump has reversed course and is poised reap a $100 million windfall from an embattled industry looking for friends in Washington.
Hours after meeting with bitcoin miners at his Mar-a-Lago estate in Florida on Wednesday, the former president said on his Truth Social media platform that cryptocurrency users should “vote for Trump!” because he will stand up to “Biden’s hatred of Bitcoin.”
The declaration came after weeks of concerted outreach to crypto enthusiasts and the people leading the burgeoning industry — and it already seems to be paying off. One bitcoin mining executive who met with Trump told CNBC that his industry has committed to raising over $100 million and turning out more than 5 million voters to help Trump this fall.
But just a few years ago, when Trump was in the White House, he made his thoughts on bitcoin and other cryptocurrencies clear.
Venezuela Likely to Keep Using Crypto to Bypass New Set of USA Sanction
Venezuela will keep using crypto to avoid the new set of sanctions imposed by the U.S. last month, dissidents and cryptocurrency watchers say. Cryptocurrency might be the tool used by Nicolas Maduro’s administration to combat the influence of the oil and gold sanctions reimposed on the government in May, as has been the case before.
The sanctions were reimposed as the Biden administration alleges that Maduro has not fulfilled the agreements reached with the U.S. government to guarantee a fair climate for the upcoming presidential election, set to happen on July 28.
Andrew Fierman, head of national security intelligence at Chainalysis, a blockchain security firm, confirmed that crypto has been used before, combined with a “wide array of methods over the years.” “When you’re talking about regimes that are subject to sanctions, they’re typically going to look for a variety of ways to evade those sanctions,” he stated. #BTCFOMCWatch #bitcoin #altcoins
NEW: #Ethereum's scaling ecosystem just hit a new record for transactions per second (TPS), largely thanks to a new gaming-focused layer-3 solution, Xai.