Prime Broker Hidden Road Adds Major Crypto Exchanges, Expands Use of BlackRock’s BUIDL Token
Hidden Road is now integrated with Coinbase International Exchange, OKX, Deribit, Bitfinex, AsiaNext, SIX Digital Exchange and Bullish.Source
Bitcoin’s Potential Rebound May Face Resistance at $65K, OnChain Analysis Shows
Short-term holders wallets sitting on loss may liquidate holdings near $65,000, capping a renewed upswing in bitcoin’s price.Source
Sony to Restart Japanese Crypto Exchange Whalefin Purchased From Amber Group in 2023
Last year, Bloomberg had reported that Amber was planning to sell its Japanese unit.Source
U.S. Judge Lets Most of SEC Case Against Binance Proceed, Dismisses Secondary Sales Charge
A federal judge ruled the SEC had plausibly alleged Binance, Binance.US and Changpeng Zhao violated federal securities laws.Source
U.S. Treasury Issues Crypto Tax Regime For 2025, Delays Rules for Non-Custodians
The IRS has now set up its reporting system for crypto brokers, but it set aside related rules for DeFi and unhosted wallets as it continues to study 44,000 comments to the agency.Source
Ripple’s Big Court Win Nonetheless Muddied Waters on Whether XRP Is a Security Deserving Tougher Regulation
In a near-vacuum of legal and regulatory clarity for crypto, district judges’ opinions on whether a given token is a security or not – which determines the level of regulation – can vary from court to court.Source
SEC Sues Consensys Over MetaMask Staking, Broker Allegations
The U.S. Securities and Exchange Commission sued Ethereum software provider Consensys over its MetaMask service Friday, alleging the wallet tool was an unregistered broker that “engaged in the offer and sale of securities” and that its staking service violated federal securities laws.Source
Supreme Court Rules to Overturn the Chevron Doctrine, Curbing Federal Agencies’ Power
The U.S. Supreme Court ruled 6-3 on Friday to drastically curb the authority of federal regulators, overturning a 40-year-old legal precedent that gave regulatory agencies leeway to interpret the laws they are tasked with enforcing.Source
Bitcoin and Crypto Closing Out Lame Quarter and One Analyst Believes More Pain Could Be in Store
The price of bitcoin has dipped about 15% during the second quarter.Source
First Mover Americas: Bitcoin Awaits PCE Inflation Report
The latest price moves in bitcoin (BTC) and crypto markets in context for June 28, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source