Biweekly Crypto News Roundup: ETF Developments, Market Movements, and Regulatory Changes
By: Eliza Bennet
- Bitwise Registers XRP ETF: Challenges Expected - Bitwise files for an XRP ETF in Delaware, amid regulatory hurdles post-SEC Ripple ruling. XRP market reacts cautiously.
- Gemini to Exit Canada by 2024 - Gemini announces its departure from the Canadian market due to stringent regulations, following other major crypto firms. Investors must act quickly.
- Kraken Ends Monero Support in EEA - Under regulatory pressures, Kraken will halt Monero trading in the European Economic Area, marking a trend seen earlier this year. Users face timelines for fund withdrawal.
- Bitcoin Surges on ETF Inflows - Bitcoin breaks $65,000, fueled by substantial ETF inflows, indicating shifting market sentiment towards optimism. Analysts predict continued bullish trends.
- Kraken Boosts Ethereum Restaking - Kraken collaborates with EigenLayer to enhance ETH restaking options, excluding U.S. users due to regulations. This marks a significant push in DeFi capabilities.
- $6.4M Crypto Seizure by Australian Authorities - The AFP confiscates significant crypto funds by cracking a complex seed phrase, showcasing law enforcement's technical prowess. This highlights challenges in crypto-based crime enforcement.
- US Government Backs Lawsuit Against Nvidia - The DOJ and SEC support investors in a case against Nvidia for crypto revenue misrepresentation, potentially reviving past financial assessments. Nvidia denies allegations citing inaccurate data reliance.
- Global Crackdown on Crypto Scams - Significant fraud operations dismantled in Delhi and Hong Kong with cooperation from industry players like Binance. This underscores global collaborative efforts to tackle crypto fraud.
