As it is known, the case between Ripple and the SEC is still ongoing. It seems that the conclusion of this case, which has turned over approximately its 2nd year, will not be soon. Ripple CEO Brad Garlinghouse made some statements about the litigation process. Garlinghouse said they could close their U.S. offices if they lost the case.
Critical Day for Bitwise Spot ETF!
Bitwise's application for the Spot ETF decision, which is closely related to the crypto asset market, will be evaluated tomorrow. While the application of 2 companies is awaiting rejection, Grayscale's application will be evaluated on July 6. The general consensus is that the SEC will not allow such a thing until regulation takes place.
Bitcoin Assessment from the SEC Chairman!
SEC Chairman Gary Gensler made very important statements about cryptocurrency. Gensler said that among the cryptocurrency, only Bitcoin can be considered as a commodity, other crypto coins are used as an investment tool and resemble them as securities.
Surprising Development in Tether!
Tether CTO Paoplo Ardoino said that several cryptocurrency companies are trying to shorten their stablecoins. It was also announced that some companies have offered this proposal to their funding customers. Ardoino said yesterday that some hedge funds aim to create an imbalance in DeFi pools. Despite these events, Tether managed to maintain its stability at 1$
Voyager Digital to 3AC Strike Certificate!
It was announced that 3AC, which may have sunk due to the big problems it experienced in the past weeks, owed $ 650 million to Voyager Digital. Voyager, one of many companies that have had problems due to 3AC's inability to pay debts, received a $500 million loan from Alameda last week. This week is June 27, the date on which the required debt of 3AC is stated. He filed a notice of default for failing to pay by the due date.
Negative Results in the CoinShares Report!
CoinShares published a weekly money flows report in digital asset funds, stating that $420 million of outflows from digital assets took place, the highest level since the data was kept. While Bitcoin led the total money flow, there was an outflow of $ 453 million from BTC to be exact. This sale in BTC has been almost zero, reducing the amount of $ 479 million that has entered since the beginning of the year to $ 26 million.
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