Ethereum-based Investment Products See Largest Outflows in 2 Years
During the last week of June, Ethereum exchange-traded products experienced a tumultuous period, with the largest outflow recorded since August 2022.
Silvergate Bank Reaches an Agreement with SEC
The US Securities and Exchange Commission filed a lawsuit against Silvergate Capital Corporation, accusing the bank of false statements about its anti-money laundering protocols and pointing to suspicious transfers involving FTX.
Circle Gets MiCA Approval for its Stablecoins
Circle has declared its compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework, making it the first global issuer of stablecoins to do so.
Philippines Adds Tether’s USDT for Social Security Payments
Tether has launched a novel payment method for citizens of the Philippines, allowing them to utilize their stablecoin, USDT, to pay for their social security system (SSS) contributions.
Number of Crypto ATMs Rises 17.8% Over Past Year
The number of cryptocurrency ATMs worldwide has grown by 17.8% in the past year, reaching a total of 38,279. This is close to the record of 39,541 set in December 2022.
SEC Comments Delay Spot Ethereum ETFs Launch
The anticipated launch of spot Ethereum ETFs in the United States, which was originally expected to happen in early July, has been delayed due to the Securities and Exchange Commission (SEC).
SEC Files Lawsuit Against Consensys
The US Securities and Exchange Commission filed on Friday a lawsuit against Ethereum software provider Consensys, claiming that its MetaMask service was an unregistered broker engaged in selling securities.
