Top Crypto News This Week (June 15-22)

This week was very exciting in terms of developments in the cryptocurrency industry.

Below, we take a look at some of the biggest crypto news from the past seven days.

Let’s dive in.

This week’s biggest crypto news

The list is chronological, from June 15.

Crypto investments topped $1 billion in May with Ethereum dominating. According to a report published by KuCoin Research, the crypto industry saw a public disclosure of about 156 investments in the month of May. The total amount of these investments was about $1.02.

Nigeria drops tax evasion charges against Binance executives. While the executives remain accused in a money laundering case filed by the country’s EFCC, authorities dropped tax evasion charges against them. This was made clear in a report by Nigerian journalist Alexander Onukwue.

ConsenSys announces that the SEC will close the investigation into Ethereum. American crypto-focused company ConsenSys announced that the US Securities and Exchange Commission has decided to close its investigation into Ethereum. Investors saw this as a huge win and ETH prices soared in response.

Financial advisors wary of investing in Spot Bitcoin ETFs. According to Samara Cohen, BlackRock’s Chief Investment Officer for Index Investments, financial advisors remain quite cautious when it comes to allocating funds to crypto. They cite its inherent volatility and childhood.

MicroStrategy buys another massive batch of Bitcoin. The business intelligence firm led by Michael Saylor has announced the purchase of 11,931 BTC, worth nearly $800 million. The company now owns nearly $8.3 billion worth of Bitcoin.

Kraken Confirms Refund of Controversial Whitehat Hack. In what appears to be the end of the drama between Kraken and Certik, the cryptocurrency exchange has confirmed that all funds have been returned. This was made clear by Kraken’s head of security this Thursday.

Polkadot’s Many Advances: Ecosystem Summary. Polkadot recently saw the introduction of the Join-Accumulate Machine protocol while becoming the title sponsor of Coinfest Asia held in Bali later in 2024.

Ripple CEO with important clarifications on California demand. Brad Garlinghouse, CEO of Ripple, classified the latest developments on the civil suit against him in California as a big victory. The company’s legal officer also confirmed that the previous ruling in New York is not disturbed.

Standard Chartered to Launch Bitcoin and Ether Trading Desk. British multinational bank Standard Chartered is set to roll out a trading desk focused on both Bitcoin and Ethereum, according to recent reports. This would make it the first global bank to engage in spot cryptocurrency trading.

Fidelity will seed its Ethereum ETF with $4.7 million. The long-awaited Ethereum ETF is underway, and filings reveal that Fidelity will seed its product with $4.7 million. However, their rates remain undisclosed.

That sums it up. Here are some of the biggest crypto news stories of the past seven days. Stay tuned for regular updates like this!

SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!