Category: Law of the Chain
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BtcTurk suspends transactions after $48 million suspicious outflows
BtcTurk halted withdrawals after $48 million suspicious outflows, impacting 4 million users; Binance and Chainalysis are monitoring the situation.
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SEC delays Solana ETF approval to October 2024, SOL drops 5%
The SEC delayed Solana ETF decisions to October, impacting SOL prices. VanEck and 21Shares await approval. Solana’s market cap dropped 5% post-announcement.
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US Treasury confirms 2024 Bitcoin purchases remain budget neutral
US Treasury official Bessent confirms Bitcoin purchases will not impact budget, citing 2024 plans. Bitcoin (BTC) and Ethereum (ETH) mentioned amid regulatory clarity.
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Kraken operates in 30 European nations as crypto regulation advances in 2023
Kraken expands to 30 European nations, including Germany and France, amid rising crypto regulation; 10 million users now access its services globally.
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Crypto executives urge Trump to eliminate $3B bank data fees
Crypto executives urge Trump to eliminate bank data fees, citing $3B annual industry cost; Coinbase, Kraken, and Binance lead the appeal.
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Lael Brainard and Kevin Warsh lead as Jerome Powell’s term ends in 2026
Jerome Powell’s term ends in 2026; potential successors include Lael Brainard, Kevin Warsh, and Glenn Hubbard. The Fed manages $8.9 trillion in assets.
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SEC delays Solana ETF decision by 60 days affecting SOL trading
The SEC delayed Solana ETF decisions by 60 days, affecting SOL and related crypto assets. Over $1 billion in SOL trades daily.
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US Treasury sanctions Garantex again over $100M illicit transactions
The US Treasury imposed a second sanction on Garantex, a crypto exchange, citing $100M in illicit transactions and ties to Russian entities.
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US Treasury confirms budget-neutral Bitcoin reserve purchases feasible in 2023
US Treasury official Bessent confirms budget-neutral Bitcoin reserve purchases remain feasible, citing 2023 data and potential impact on BTC and USDT markets.
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US Treasury adds 5% Bitcoin to reserves via budget-neutral strategy
US Treasury Secretary announced budget-neutral Bitcoin acquisition for reserves, targeting 5% allocation. Bitcoin (BTC) and MicroStrategy (MSTR) surged 15% post-announcement.
