SEC Approves Ethereum ETFs for Trading

In a groundbreaking move, the U.S. Securities and Exchange Commission (SEC) has informed Ethereum exchange-traded fund (ETF) issuers that their funds can start trading on July 23, according to sources. This decision is expected to bring a surge of institutional investment into Ethereum, further solidifying its position in the cryptocurrency market. The approval follows extensive discussions and represents a significant milestone for the digital asset industry, signalling a growing acceptance of cryptocurrencies within the regulatory framework.

Crypto Casino Faces Huge Losses Due to Founder’s Gambling

A crypto casino supported by Galaxy Digital has suffered severe financial losses stemming from the founder’s gambling issues. This crisis has jeopardized the casino’s financial health and raised alarms about the potential risks and vulnerabilities within the crypto-gambling sector. The incident underscores the importance of robust risk management practices and has sparked discussions on the need for better oversight and governance in crypto-related businesses.

 

Regulatory Clampdown on Crypto Trading Expands

The regulatory clampdown that initially targeted Binance has now extended to another major cryptocurrency exchange. This intensified scrutiny reflects the global regulatory community’s increasing efforts to enforce compliance and ensure the integrity of financial markets. The expansion of these regulatory actions highlights the challenges faced by crypto exchanges and the evolving landscape of cryptocurrency regulation.

 

Northern Data AG Announces Capital Increase to Boost AI Capabilities

Northern Data AG plans to raise €214 million by issuing 10.7 million new shares at €20.00 each. The funds will be used to invest in Nvidia GPUs and AI infrastructure. Major shareholders will initially subscribe, with the remaining shares offered to others. A backstop agreement backs unsubscribed shares. The new shares will be listed on the Munich Stock Exchange soon.

 

Solana’s Meteoric Rise in 2024

Bitcoin 2024: Potential Surge to $83,000 and Key Market Drivers