Gotbit Got Got: Founder Sentenced to Prison for Crypto Wash Trading – Decrypt
Gotbit Consulting LLC and founder Aleksei Andriunin were sentenced for crypto wash trading, manipulating markets to inflate token volumes. Andriunin received eight months in prison and $23 million was forfeited.
Ethereum Foundation pledges $500K to Roman Storm’s defense
The Ethereum Foundation donates $500K to Roman Storm’s legal defense, matching community donations up to $750K. Storm faces charges related to Tornado Cash, with trial set for July 14.
Invesco and Galaxy chase Solana ETF dream with Delaware trust registration
Invesco and Galaxy Digital registered a Solana ETF trust in Delaware, signaling potential SEC approval. The ETF could launch by 2025, with possible staking features, though demand may lag behind Bitcoin ETFs.
Pakistan’s Strategic Bitcoin Reserve: A Step Toward Orange-Pilling A Nation?
Pakistan is establishing a strategic Bitcoin reserve and allocating energy for mining, signaling a shift in its crypto stance amid economic challenges and regulatory evolution.
Crypto market maker Gotbit and founder sentenced for fraud, manipulation
Gotbit Consulting LLC and its founder Aleksei Andriunin were sentenced for crypto market manipulation and wire fraud. The firm engaged in wash trading to inflate volumes and must forfeit $23 million.
Brazilian Authorities Terminate Exemptions, Aims to Tax Crypto Held in Self Custody – Taxes Bitcoin News
Brazilian authorities have ended tax exemptions for cryptocurrencies, introducing new rules to tax profits from crypto, including assets held in self-custody wallets and abroad.
Invesco, Galaxy Digital file to launch Solana ETF in Delaware amid SEC approval buzz
Invesco and Galaxy Digital filed for a Solana ETF in Delaware, signaling potential SEC approval within 3-5 weeks. Multiple asset managers are pursuing Solana ETFs, with high approval odds predicted.
Weeks Before Trial, Tornado Cash’s Roman Storm Sounds Alarm: ‘If I Lose, DeFi Dies With Me’ – Decrypt
Tornado Cash co-founder Roman Storm warns that a DOJ victory in his trial could destroy DeFi, as he faces charges of money laundering and sanctions evasion for the privacy tool’s alleged misuse by criminals.
SEC Names Crypto Industry Veteran as Trading and Markets Director – Decrypt
The SEC appointed crypto industry veteran Jamie Selway as director of its trading and markets division. Selway brings experience from Blockchain.com, Skew, and Goldman Sachs, signaling a crypto-friendly regulatory approach.
XRP News Today: Ripple-SEC Joint Motion in Lawsuit Could Help XRP Hold Above $2 and Rally Past $3 – Brave New Coin
Ripple and the SEC filed a joint motion to settle their lawsuit, potentially releasing $125M in escrow and ending the legal battle. XRP price remains steady near $2.13 amid market volatility.
