Top Sunday stories
Grayscale calls the SEC delayed by digital big cap fund ETF
Lawyers for digital asset manager Grayscale pushed back The US SECURITIES AND EXCHANGE COMMISSION (SEC) With the approval of the digital large cap exchange-traded fund (ETF) in a letter sent on Tuesday.
The SEC division of trading and market has initially approved the ETF proposal, but the Secretary’s office decided to review the action afterwards, stop the decision, Grayscale’s lawyers said.
It violates the “law -based approval or disagreement of the deadline” set by the SEC and the conflict in the established procedure, according to lawyers.
Binance helped create World Liberty Financial Stablecoin – Report
Cryptocurrency Exchange Binance reported to have helped create code Behind Stablecoin issued by World Liberty Financial (WLF), one of the crypto businesses tied to US president Donald Trump.
According to a Friday Bloomberg report that mentioned three people familiar with the matter, Binance helped create, promote and play a role in the WLF’s largest USD1 Stablecoin transaction. The crypto business, supported by Trump and his three sons, launched USD1 on March 4.
An Abu Dhabi -based investment company MGX, was announced by a $ 2 billion investment in Binance on March 12 using an unnamed Stablecoin. Eric Trump, one of the co-founders of the WLF, said in May that the company uses USD1 to resolve the investment.
Peter Schiff said to sell Bitcoin for silver while BTC has dropped new highs
Longtime bitcoin critic and gold advocate Peter Schiff says the latest BTC rally It can be a sale opportunity for investors to buy silver instead.
“With Bitcoin hitting new highs today (in dollars), it’s a great time to sell some and buy silver leading to the next big leg up of silver,” Schiff said in a post of Thursday X as Bitcoin re -puts the moon boots and set new highs of more than $ 112,000.
He admitted that silver had more reversed potential than Bitcoin and added that while the BTC was “easy to crash, Silver’s fall seemed limited.”
Arthur Hayes, co -founder and former CEO of Bitmex, also weighed in market conditions on a post of Friday X. He said he was “slightly bearish” due to the US Treasury General Account who was reflened by a new debt release, which could temporarily drain the water.
High-leverage business James Wynn deactivates x account
James Wynn, a crypto businessman known for his High leverage crypto betsIt appears that his X social media account was deactivated, following nine-digit losses.
Wynn’s x handle “Jameswynnreal“Now the routes on a page say“ This account does not exist. Try to find another one. “
Business purse shows an integrated balance of $ 10,176, according to the balance shown by Arkham Intelligence and Hypurrscan.
Cointelegraph handed Wynn to comment but did not contact the businessman. Before removing the X account, Wynn changed his profile bio to a word: “Broke.”
Snoop Dogg’s telegram gifts sell in 30 minutes: NFT is back?
American rapper Snoop Dogg sells a collection of almost A Million Unbelievable Tokens (NFTS) on Telegram for 30 minutes on Wednesday, which seems to reject the notion that the NFT industry is “dead.”
The new Snoop Dogg gift collection of nearly 996,000 non -tokens (NFT) stimulated by ton blockchain was “inspired by Snoop’s iconic style” and formed $ 12 million in sales, Telegram founder Pavel Durov said in a X post on Wednesday.
“Blockchain Minting and the second market will live in 21 days. It will be wild,” he added.
The tokens in the collection include representations of vintage cars, swag bags, a digital dog, marijuana -related items, and a mix of other items and symbols.
Winners and defeated
By the end of the week, the bitcoin (Btc) is at $ 117,967 Ether (Eth) to $ 2,962 and XRP at $ 2.78. Total market cap is at $ 3.68 trillion, According to In coinmarketcap.
Among the largest 100 cryptocurrencies, the top three Altcoin’s Gainers of the Sunday (M) at 1,234.52%, stellar (XLM) In 59.52% and stories (IP) at 49.69%.
The top three losses of the altcoin of the week are Jito (Silly) at 4.57%, okb (Un) to 0.64% and PI (Pi) in 0.15%. For more information on crypto prices, be sure to read Cointelegraph market analysis.
Mostly memorable passages
“The BTC confirms the daily higher and confirms the downtrend end that began in late May.”
Matthew HylandCrypto businessman
“So the Ethereum is measured enough, enough to reach, legal enough in the United States.”
Joseph LubinEthereum and CEO of Consensys CEO
“We cannot have people in charge of passing law and law enforcement, law enforcement, have conflicts of interest in their official responsibility. You must stay away from crypto if you regulate crypto.”
Richard PainterFormer White House Chief Ethics attorney
“The Crypto-Friendly SEC, along with the Genius Act, can align the crypto industry to quickly expand, with the potential for the StableCoin market to reach $ 1-2 trillion in the market cap in a few years.”
Nick RuckDirector of LVRG Research
“However, I’m not sure that there is a compelling case for stablecoins that moves the needle to the dominance of the dollar beyond that, unless the use of retail facilitates developing countries behind the incentives.”
Interview tischhauserHead of sygnum research
“(The testimony) is unfair leadership because it is likely to confuse and mislead jurors in the belief that Mr. Storm is involved in the underlying purported hack or intended to facilitate it, which is not true.”
Lawyer that represents Tornado Cash Co-Founder and Developer of Roman Storm
Top Prophecy of the Sunday
Bitcoin Christmas Rally up to $ 200k or $ 300K Possible based on ‘Power Law’ model
Bitcoin ranked 10% in July, Reaches new highs at $ 118,600And this can be just the beginning of a parabolic rally according to the analyst Bitcoin APSK32 analyst. The analyst said Bitcoin could cost $ 258,000 if history repeats itself.
According to APSK32, Bitcoin price action follows a long -term course of electric curve, a mathematical model that reflects BTC’s growth over time. It measures price deviation from this trendline, not only in terms of dollars, but in time units, a approach known as power -time contours.
Top FUD of the week
Chinese creditor challenges FTX motion to stop payouts in restricted countries
A Chinese creditor filed a resistance in a motion from the FTX estate That will pause payouts to residents in constituents with laws or regulations that restrict cryptocurrency transactions, according to a court filing on Tuesday.
The lender, Weiwei Ji, said that even though they lived in Singapore, they were classified as a Chinese lender for handling a Chinese passport. Ji noted that the objection was submitted on behalf of Ji and a growing group of Chinese creditors – it was reported that more than 300 individuals, according to the filing.
The objection raised two major arguments: first, that FTX arrangements were made to the US dollar, which is a standard form of legal payment. Second, it noted that cryptocurrency distribution is legal in China, with digital assets that make up “personal possession.”
Bitzlato’s co-founder asked us to forgive after the offense-reporting
Anatoly LegkedyMov, a National Russian and Former CEO of Cryptocurrency Exchange Bitzlato.
According to a Friday report from the Russian State Media Outlet Tass, the legal team of Legkodymov officially asked for a presidential forgiveness after he asked for a sin to work with an unlicensed business sending a business. Legkodymov was accused in January 2023, sought sin in December, and was punished at the time served in July 2024 after it was for about 18 months.
“Anatoly (…) has been the target of a political campaign against the Crypto market and talented Russian programmers,” said Ivan Melnikov, vice president of the Russian branch of the International Committee for Human Rights, according to Tass.
France opened the criminal investigation of X for alleged manipulation of algorithm
The French public prosecutor’s office has opened an investigation into X because of the alleged Using its algorithm for foreign interruption.
According to a statement from Magistrate Laure Beccuau on Friday, prosecutors launched an investigation if X violated France’s law by manipulating algorithms to obtain user data deceptive.
The investigation was launched after the two reports were submitted to the Cybercrime Division of the Paris Public Prosecutor’s Office on January 12 – one by a member of the Parliament éric Bothorel, a French member Emmanuel Macron’s Ensemble Pour La Republique Party, and another by an elderly government official who did not disclose.
Top Sunday magazine stories
Within 30,000 phone bot farm stole crypto airdrops from real users
“The industry is absolutely how sophisticated this thing is,” says the CEO of Mirai Labs, which will take Magazine within a 30,000-phone farm.
China’s 100k tps blockchain, the eyes of Japan Solana’s Minna Bank: Asia Express
NORTH KOREA DEFECTORS THAT SCAM CRYPTO APP, Indonesia’s Exchange List as a coin and more.
Digital Art is ‘Age Like Fine Wine’: Within 9-figure NFT Collection of Flamingo Dao
Flamingo Dao members can spend 5 eth from Treasury To whatever NFT they want. A minted ‘massively profitable’ bored apes.
