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Wayne Jones



Articles by Wayne Jones

Here’s How ETH Could Surge Above $5,000 in 2024 After Ethereum ETP Approvals: Bitwise CIO

1 day ago

Bitwise Asset Management’s Chief Investment Officer has predicted that the introduction of Ethereum Exchange-Traded Products (ETPs) will drive ether (ETH) prices to new all-time highs above $5,000 by the end of the year.
The CIO suggests that ETP flows could have a bigger impact on Ethereum than they did on Bitcoin.
The Road to Ethereum’s New All-Time-High
According to Matt Hougan, with ETPs projected to attract $15 billion in new assets over the next 18 months and ETH currently trading at around $3,400, only 29% below its all-time high, the conditions are just right for a price rally.
The anticipated price surge for Ethereum depends on fundamental supply and demand principles. While ETPs do not alter the underlying fundamentals of ETH, they introduce new demand sources.

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Ripple Contributes $1 Million to Unseat Elizabeth Warren

2 days ago

Ripple has contributed $1 million to back XRP advocate John Deaton in his campaign against Senator Elizabeth Warren in the Massachusetts Senate race.
The funds are being channeled to the Commonwealth Unity Fund, a new super PAC created by attorney James Murphy, who contributed $50,000 on April 15 to the cause.
Ripple’s Support For XRP Advocate Deaton
In February, John Deaton officially entered the race for the GOP nomination for the U.S. Senate in Massachusetts to challenge Democrat Sen. Elizabeth Warren in November’s election. Deaton is one of several candidates competing in the Republican primary, scheduled for September 3.

🚨SCOOP: @Ripple has donated $1M to the Commonwealth Unity Fund, a new super PAC set up by attorney James Murphy aka @MetaLawMan, to unseat

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Trump Picks Crypto-Friendly Sen. J.D. Vance as Vice Presidential Candidate

2 days ago

Former President Donald Trump has announced that he has chosen crypto-friendly Sen. J.D. Vance (R-Ohio) as his vice presidential candidate.
According to his latest federal financial disclosure, Vance, a venture capitalist turned politician, owns between $100,001 and $250,000 in Bitcoin.
Trump and Vance’s United Front on Crypto
Earlier this year, former President Trump’s stance on crypto shifted from skepticism to support. In May, his team began accepting contributions in various cryptocurrencies through Coinbase. He has also been vocal on the industry during his campaign, vowing support.
While Trump’s lead is widening in almost every post-debate survey, one advocacy group still believes that Biden has a “pivotal opportunity” to alter his position on crypto to lead.

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Spot Ethereum (ETH) ETFs Set to Launch Within a Week, According to Industry Sources

2 days ago

According to a Reuters report, three industry sources indicate that spot Ether exchange-traded funds (ETFs) are expected to begin trading on July 23.
The sources also mention that the U.S. Securities and Exchange Commission (SEC) has granted preliminary approval for at least three of eight asset managers to release the spot Ether ETFs.
Will Spot Ether ETFs Begin Trading Next Week?
Nate Geraci, President of the ETF Store, highlighted this development in a post on X. He noted that the SEC has given preliminary approval to at least three of the eight spot Ether ETF issuers to begin trading next Tuesday, with all eight expected to launch simultaneously.

Reuters: SEC has given “preliminary approval” to at least three of eight spot eth ETF issuers to begin trading next

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This Is The Latest Ethereum Layer 2 Protocol to Surpass the $1 Billion TVL Mark

3 days ago

Scroll, a ZK rollup Layer 2 network, is up 23% over the past seven days to reach a TVL of $1.03 billion, according to L2Beat data.
Meanwhile, the total value locked for all Ethereum Layer 2s is up 12.04% over the last week to reach $42.04  billion.
Scroll Hits $1 Billion TVL
Scroll has become the 8th Ethereum Layer 2 network to surpass a TVL of $1 billion. Of this total value, ETH accounts for 87.29%, stablecoins 11.11%, and other assets 1.60%.
The network has recently garnered significant attention, continuously rolling out features since its launch in October 2023. The latest, Scroll Canvas, allows users to collect and display achievements, status, and on-chain credentials within the ecosystem.
Another initiative, ‘Session One,’ incentivizes liquidity by awarding points

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BlackRock Hits Record $10.6 Trillion in Assets Under Management

3 days ago

BlackRock, the world’s largest asset manager, reported a milestone in its second-quarter financial results, as assets under management (AUM) soared past the $10 trillion mark.
The company reported an AUM of $10.6 trillion, marking a 13% increase from the previous year’s $9.43 trillion.
BlackRock’s Q2 Performance
According to the report, BlackRock’s earnings per share (EPS) rose to $9.99 from $9.06 a year earlier, with revenue increasing by 7.7% to $4.8 billion. Total revenue for the quarter grew by 8% to $4.81 billion, while net income rose to $1.50 billion.
The company reported total net inflows of $139 billion for the year’s first half, including a record $82 billion quarterly net inflows for BlackRock ETFs. Investment advisory and administration fees, typically a

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Bitcoin Mining Contributing to Massive Electricity Theft in Malaysia: Report

5 days ago

According to a report by a Malaysian news outlet, MalayMail, Bitcoin and crypto mining operations were mostly responsible for the massive electricity theft in the country between 2018 and 2023.
Despite the crackdown, crypto mining and general services are not illegal in the Asian country.
Bitcoin Mining Using Stolen Energy
Akmal Nasrullah Mohd Nasir, the Deputy Minister for the Energy Transition and Water Transformation docket in Malaysia, noted that between 2018 and 2023, the country lost around RM3.4 billion ($723 million) due to unauthorized electricity supplies for crypto mining.
Akmal Nasir spoke at an event where over 2,000 pieces of equipment seized in an October 2022 crackdown were disposed of. As per the report, this equipment, valued at about $467K, lacked ST

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Only Half of Crypto Investors Remain Bullish: CoinGecko Survey

5 days ago

According to a recent survey by CoinGecko, only about half of investors are actually bullish about the current crypto market.
The study, which featured 2,558 people, was conducted over the last two weeks, from June 25 to July 8.
Crypto Investors Lead Bullish Outlook
The CoinGecko report highlights that 49.3% of crypto participants are still optimistic about the market’s future. This is despite the crypto market’s downward trend following the post-halving rally.
Among these participants, 26.1% felt somewhat bullish, and 23.2% fully bullish. Interestingly, 25% of participants maintained a neutral stance. On the other hand, 25.2% of participants expressed bearish sentiments. This bearish group was nearly evenly divided, with 13.4% somewhat bearish and 11.8% fully bearish.

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Judge Criticizes Coinbase’s Attempt to Subpoena SEC Chair Gary Gensler

6 days ago

In a July 11 hearing, Judge Katherine Polk Failla expressed skepticism about Coinbase’s efforts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange.
As detailed by Inner City Press, the hearing showcased Coinbase’s persistent efforts to acquire Gensler’s communications, including statements made before he became SEC Chair in 2021.
Judge Skeptical of Coinbase’s Subpoena
Judge Failla stated, “I understood from the SEC’s opening submission that this request includes a period before his Chairmanship. You’ll have a hard row to hoe on that. I find your arguments speculative.”

Judge Failla: I understood from the SEC’s opening submission that this request includes a period before his Chairmanship. You’ll have a hard row to hoe on that. I

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IREN Shares Plunge 24% on Nasdaq Following ‘Wildly Overvalued’ Criticism

6 days ago

Shares of Bitcoin mining company IREN, formerly known as Iris Energy, tumbled by 24% on the Nasdaq following a report from short-seller firm Culper Research.
The paper, released on July 11, labeled the company as “wildly overvalued” and suggested its stock should be valued 52-79% lower than its current market price.
HPC Plans and Underinvesting
Following the report, according to Google Finance data, IREN’s shares fell 24.5% to $10.36 before partially recovering to $11.20 by the end of trading hours.
Culper Research accused the company of making grandiose claims about its high-performance computing (HPC) plans while underinvesting in the necessary infrastructure.
“IREN talks a big game of its HPC plans but ultimately seems entirely disinterested in actually doing what it

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ARG Token Value Soars as Argentina Advances to Copa America Final

7 days ago

Argentina’s advance to the Copa America finals has almost doubled the market value of the country’s fan token, ARG.
The token’s price has increased by over 65% in the last 24 hours, making it the second-largest soccer coin by market value.
ARG Token Soars by Over 65%
According to CoinGecko data, the price of the ARG token has increased by 98.8% over the past week, reaching $2.34, its highest level since May 30. At the time of writing, the token was trading at $2.34 and was up by 67.8%, driven by the excitement surrounding Argentina’s Copa America performance.
This increase in value has made ARG the most heavily traded fan token in the market. Its daily trading volume has increased by 578.50%, reaching $23.8 million. This figure is nearly four times higher than that of the

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Deadline Speculations for a Solana ETF Ramp Up: Analysts Predict Mid-March Timeline

9 days ago

Analysts say that Solana ETFs are expected to have a final decision deadline around mid-March 2025.
This follows the Chicago Board Options Exchange (CBOE) filing applications on Monday to list VanEck and 21Shares’ proposed ETFs.
Mid-March Decision Deadline
Bloomberg ETF analyst Eric Balchunas noted that Solana ETFs are expected to have a final deadline of mid-March 2025. However, he emphasized that November is the most significant date in the interim.

Looks like Solana ETFs are going to have a final deadline of mid-March 2025. But between now and then the most imp date is in November. If Biden wins, these likely DOA. If Trump wins, anything poss. https://t.co/ywkf6oA8Rc
— Eric Balchunas (@EricBalchunas) July 8, 2024

The CBOE submitted two Form 19b-4 applications on July

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Australia’s ASX Welcomes Another Bitcoin ETF with DigitalX Launch

9 days ago

DigitalX Limited, a digital asset fund manager, announced today the successful approval and upcoming launch of its spot Bitcoin ETF on the Australian Securities Exchange (ASX).
The new spot Bitcoin ETF, under the ticker “BTXX,” will start trading on Friday, July 12, 2024, at 10:00 AM AEST.
DigitalX Teams Up with K2 Asset Management and 3iQ
DigitalX has partnered with ASX-listed K2 Asset Management, which will serve as the Responsible Entity and issuer for the ETF. K2 brings experience in managing ASX-listed ETFs, compliance systems, and meeting Australian financial services license requirements.
Additionally, DigitalX will collaborate with 3iQ to promote and distribute the ETF both in Australia and internationally. 3iQ has a proven track record in managing and distributing

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Spot Ethereum ETF Launch Anticipated on July 18, Bloomberg ETF Analyst

9 days ago

Bloomberg ETF analyst Eric Balchunas predicted on X that July 18 would be the “best guess” for the spot Ethereum ETF launch.
This comes after the Securities Exchange Commission (SEC) issued S-1 amendments, which required companies to amend their registration statements and submit their applications.
Balchunas Notes Minimal Changes in Latest Filing
In the latest series of amendments filed by asset managers regarding spot Ethereum ETFs, Eric Balchunas described the changes as minimal, noting that there was “nothing to see here” in two of the earliest filings.

Because the SEC asked for the S-1s on July 8th but told issuers the fee wasn’t nec yet. They will give guidance back to issuers soon along with the game plan. Then the docs come will come back with fees (and every

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Hong Kong Boy Kidnapped, Ransom Demanded in USDT: Report

12 days ago

In Tseung Kwan O, Hong Kong, a 3-year-old boy was abducted from a shopping mall on July 3.
Following the incident, the kidnappers demanded a ransom of 660,000 USDT, which is about HK$5.15 million.
Hong Kong Kidnappers Demand USDT
The boy’s parents were instructed to download the Telegram messaging app and purchase the USDT ransom from an offline OTC store. They were also warned against contacting the police to keep their child safe.
The Hong Kong Police Organized Crime and Triad Bureau (OCTB), which specializes in organized crime, took immediate action. Late at night on July 3, detectives combed through CCTV footage from Tseung Kwan O Plaza and nearby areas to trace the kidnappers. By 5:25 a.m. on July 4, the boy was found unharmed, and the suspects were apprehended.

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Web3 Users Surge by 40%, Reaching Historic High in Q2

12 days ago

In the second quarter of 2024, Web3 user engagement hit an all-time high, with approximately 10 million daily unique active wallets (dUAW), marking a 40% increase from Q1.
According to a July 4 report by blockchain analytics platform DappRadar, the unprecedented growth spanned various sectors of the decentralized application (DApp) industry, leading to an overall bullish trend.
Social dApps and NFTs Growth Marks Q2
The social sector had the highest increase, clocking in a 66% rise in dUAW. This rise was driven by applications like Fantasy.top and UXLINK. The blockchain gaming sector also saw an uptick in users, although its market share slightly declined.
Decentralized exchanges (DEXs) such as Uniswap and Raydium registered substantial increases in user activity. Uniswap’s

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Is Bitcoin Undervalued? Core Scientific Founder Shares Optimistic Thoughts

13 days ago

Darin Feinstein, founder of Core Scientific, recently asserted that Bitcoin is still massively undervalued.
In a July 4 post on X, Feinstein shared his insights and personal experiences within the world of Bitcoin.

Bitcoin’s True Value
In the post, he stressed that the true value of Bitcoin lies in its underlying technology: the immutable ledger on which it operates.
“What is still massively undervalued about Bitcoin is that the immutable ledger that Bitcoin runs on is infinitely more valuable than the Bitcoin itself. The ledger blockspace is still not priced in,” he explained. According to Feinstein, the Bitcoin ledger represents “the most important accounting ledger of all time and the only true record of history in humanity.”
Reflecting on Bitcoin’s growth, Feinstein

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HODL Instead of Sell: German MP Criticizes Government’s Approach of Selling Bitcoin

13 days ago

German Member of Parliament and Bitcoin advocate Joana Cotar has called on the government to halt its rapid Bitcoin sell-offs.
Cotar argued that it is neither “sensible” nor “productive” and believes that Bitcoin should be adopted as a strategic reserve currency to safeguard against economic instability.
Joana Cotar Criticizes German Bitcoin Sell-Offs
In a July 4 post on X, Cotar expressed her concerns about the government’s current strategy, stating, “Instead of holding Bitcoin as a strategic reserve currency, as is already being debated in the USA, our government is selling on a large scale.”

Statt #Bitcoin als strategische Reservewährung zu halten, wie es in den USA bereits debattiert wird, verkauft unsere Regierung im großen Stil. Ich habe @MPKretschmer, @c_lindner &

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The Reason Ethereum Name Service (ENS) Exploded by 20% Today

17 days ago

According to data from Coingecko, the Ethereum Name Service (ENS) native token has experienced significant price surges in recent days, gaining over 20% in value within the last 24 hours.
These gains are driven by increasing excitement surrounding the upcoming ENSv2 upgrade, which aims to enhance the efficiency and scalability of the naming service.
ENS Token Gains Massively
ENS, the native token of the Ethereum Naming Service, has experienced significant price surges, particularly in the last 24 hours. According to Coingecko’s chart analytics, ENS moved from a low of approximately $26, a critical resistance level since May 2022, to a peak of about $33.1, representing nearly a 30% increase. At the time of writing, ENS has slightly decreased to around $31.6, still over 21%

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Vitalik Buterin Targets Faster Transaction Confirmations with New Proposals

17 days ago

Vitalik Buterin, the Ethereum co-founder, has announced new strategies to reduce the transaction confirmation times on the Ethereum network.
Acknowledging the necessity for faster transaction speeds, he highlighted the need for latencies in the “hundreds of milliseconds or even less” for certain applications.
New Strategies to Reduce Transaction Time
In a June 30 blog post, Buterin highlighted Ethereum’s progress, noting the confirmation window is at 5-20 seconds, comparable to credit card transactions. However, Buterin believes there is room for further improvements using new strategies.
One of them, Single-Slot Finality, will streamline the existing complex slot and epoch architecture. By ensuring that each new block is finalized before the next one is proposed, SSF

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Marathon Digital Mines $15M in Kaspa Tokens for Revenue Diversification

18 days ago

Marathon Digital Holdings, a global crypto-focused platform, announced that its mining operations for Kaspa have yielded approximately $15 million worth of KAS since they commenced last September.
The company states that the decision to mine Kaspa was part of its strategy to diversify its mining operations.
Marathon Mining Kapsa
In the statement released on Wednesday, Marathon Digital mentioned that since the dawn of their Kaspa mining operations, they have already mined about 93 million KAS worth about $15 million by June 25.
The company highlighted that Kaspa is currently the 5th largest Proof-of-Work (PoW) crypto asset, with a market cap of $3.9 billion and trading volumes of $64.8 million. The blockchain’s circulating supply stands at 24 billion KAS, and users earn a

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NFT Sales Volumes Crumble By 45% Quarter on Quarter: Data

18 days ago

Cryptoslam data indicates that the initially strong NFT market is now recording a downward momentum, having declined in critical metrics, including sales volumes, unique sellers, and buyers.
The ongoing rough patch in Bitcoin markets has been blamed for the decline in NFT volume.
NFT Volumes Downward Momentum
According to data from Cryptoslam, the NFT market experienced a significant decline in monthly volumes during Q2 compared to the first quarter of 2024. Sales volumes in Q2 fell by 45% quarter-on-quarter.
In the first quarter of 2024, total sales volumes in the NFT market exceeded $4.1 billion, a substantial increase from the $2.9 billion recorded in Q1 2023. However, in Q2 2024, NFT volumes experienced a significant downturn, reporting a quarterly volume of

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Crypto Price Manipulation and Securities Fraud Lead to Two Prison Sentences

18 days ago

Two men have been sentenced for manipulating the price of Hydrogen Technology’s cryptocurrency, HYDRO, and scheming to defraud investors.
This case marks the first time a jury in a federal criminal trial has classified a cryptocurrency as a security and found that price manipulation of cryptocurrency constitutes securities fraud.
$300M HYDRO Crypto Fraud Scheme
Court documents and trial evidence revealed that Kane, the co-founder and CEO of Hydrogen Technology, and Hampton, the Head of Financial Engineering at the company, enlisted Moonwalkers Trading Limited of South Africa to manipulate the price of HYDRO. From October 2018 to April 2019, the firm used an automated trading bot to create fake and fraudulent orders on a U.S.-based cryptocurrency exchange.
Kane, Hampton,

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Yield App Suspends Operations Citing Portfolio Losses Linked to FTX Collapse

20 days ago

Yield App Ltd, a Seychelles-incorporated crypto investment platform, has announced the immediate suspension of all operations on its digital wealth platform, yield.app.
This move comes as the company prepares to enter liquidation proceedings and aims to ensure fair and equal treatment for all users and stakeholders.
Yield App Stops Operations
The decision, effective today, was shared in an official statement through a post on X. “Yield App Ltd, a Seychelles-incorporated limited liability company, is today, Friday, 28 June 2024, announcing the suspension of all activity on the digital wealth platform http://yield.app as the company prepares to enter liquidation proceedings,” said the statement.

Suspension of platform activity ahead of liquidation proceedings
28 JUNE 2024,

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Dormant Bitcoin Miner Wallet Resurfaces After 14 Years, Transfers 50 BTC to Binance

21 days ago

According to blockchain analytics platform Lookonchain, a Bitcoin wallet that had been inactive for 14 years has reemerged.
The entity deposited 50 BTC worth around $3.05M to Binance.
Early Bitcoin Miner Wallet Moves 50 BTC
The dormant wallet, belonging to an early Bitcoin miner, sprang to life on Thursday, moving its entire balance of 50 BTC worth roughly $3.05 million to the cryptocurrency exchange Binance.

A miner wallet woke up after being dormant for 14 years and deposited 50 $BTC($3.05M) to #Binance 7 hours ago.
The miner earned 50 $BTC from mining on July 14, 2010.
Address:1PDTDwpgRPdQaCcp3Th6zaMASgcCcm3Jcm pic.twitter.com/toKmBfbUne
— Lookonchain (@lookonchain) June 27, 2024

Lookonchain noted that the wallet address, which had been inactive since July 14, 2010,

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AI Tokens Surge Despite Nvidia’s $430 Billion Market Cap Loss

23 days ago

Nvidia’s stock has experienced a sharp decline over the past three consecutive trading days, resulting in a loss of over $430 billion in market capitalization and a 13% drop from its peak.
Despite this downturn, popular AI crypto tokens have shown significant surges in the last 24 hours.
AI Tokens Rally as NVDA Plunges
Crypto traders closely monitor Nvidia as a key indicator for the AI cryptocurrency market. While there have been instances of parallel movement, such as during Nvidia’s Q4 2023 earnings report, this correlation did not manifest in the latest assessment.
Over the past five trading days, Nvidia’s stock price has declined by 11.16%, currently trading at $118.11, according to Google Finance data.
Monday marked the chipmaker’s second steepest drop this year, with

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Japanese Publicly-Listed Firm to Increase Bitcoin Holdings via Bond Issuance

24 days ago

Metaplanet Inc., a Japanese investment firm, announced on Monday that its board of directors decided to purchase Bitcoin worth about $6.26 million (1 billion Yen) using capital raised through a round of bond issuance.
This announcement caused a sharp spike of 12% in the price of Metaplanet’s stock, indicating community approvals of these purchases.
More Bitcoin Buys for Metaplanet
In a press statement released on June 24, the Tokyo Stock Exchange-listed Investment company mentioned that their board has resolved to purchase more Bitcoin. As per the statement, Metaplanet will make the additional investment by issuing series two ordinary bonds with guarantees.
In a separate statement, the company, also known as the Asian MicroStrategy, announced that the bonds will attract an

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Football Icon Ronaldinho Eyes Crypto Comeback Despite Past Controversies

24 days ago

Football legend Ronaldinho Gaúcho has hinted at a return to the cryptocurrency scene. On June 23, he posted on X, declaring it was time for the asset class to “go mainstream” and urged his followers to join him.
However, this announcement has not been met with enthusiasm. Instead, it caused criticism and skepticism from the crypto community, with prominent on-chain investigator ZachXBT leading the charge.
Ronaldinho’s Crypto Comeback Sparks Controversy
ZachXBT questioned Ronaldinho’s motives, suggesting that his sudden re-entry into the crypto world might be driven by financial difficulties. In a pointed response, ZachXBT said, “Is this a translation for you are bankrupt again? In case you forgot, here are all of the crypto projects you pump and dumped over the years.”

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FCA Cracks Down on Suspects in $1.2B Illegal Crypto Asset Business

26 days ago

Two individuals were detained and questioned by the UK Metropolitan Police and the Financial Conduct Authority (FCA) for allegedly running an illegal cryptocurrency operation exceeding 1 billion British pounds ($1.2 billion) in the region.
The FCA emphasized key registration requirements for crypto businesses and issued consumer warnings.
Suspects Arrested and Questioned
According to the Financial Conduct Authority (FCA), a substantial amount of crypto assets has flowed through this cryptoasset business.
The FCA press release stated that “More than £1 billion of unregistered crypto assets are believed to have been bought and sold through this business.” The individuals arrested, aged 38 and 44, were questioned and subsequently released on bail by the FCA.
In their

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3iQ Files Prospectus for North America’s First Solana ETP

27 days ago

Canadian asset manager 3iQ announced that it has filed a prospectus with the Ontario Securities Commission (OSC) to launch an exchange-traded product (ETP) on the Toronto Stock Exchange (TSX).
If approved, the fund will be the first publicly traded Solana ETP in North America.
3iQ Files Prospectus for Solana Fund (QSOL)
In a June 20 post on X, 3iQ Corp. announced the submission of a preliminary prospectus for The Solana Fund (QSOL) in Canada in relation to an initial public offering.

3iQ Corp. is pleased to announce that we have submitted a preliminary prospectus for The Solana Fund (QSOL) in Canada in relation to an initial public offering.
This continues our track record of innovation, and if receipt of applicable regulatory approvals is obtained, the…

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