Blockchain Trends Report Early Insights for June 27 2024

1. According to Bitcoin Magazine, blockchain data shows that Twitter founder Jack Dorsey has allegedly donated $500,000 worth of Bitcoin to Julian Assange.
2. According to sources, the changes made to the previous S-1 were “minor,” and the SEC can “contact the issuer at any time” to inform them of the fund’s issuance date. The launch date of the ETF is completely in the hands of the SEC and may be accelerated or slowed down at will. A second source familiar with the ETH fund documents stated that while the issuer has not received more comments from the SEC after the latest S-1 adjustment, there may be at least another round of review. The source added, “The schedule for release is not clear yet, but we reasonably expect it to be launched in the next two to three weeks.”
3. Data shows that the US government sent 4000 BTC to Coinbase.
4. Musk stated that the Starlink mini will be launched later this year.
5. The Nigerian Securities and Exchange Commission (SEC) has given cryptocurrency exchanges and digital asset traders 30 days to re-register their businesses in 25 states, or face enforcement action.
6. pump.fun’s average daily fee fell by 30% compared to last week, likely due to unfavorable market conditions and a 2.21% drop in SOL prices during the week.
7. Industry executives and other participants revealed that the SEC may approve the spot Ethereum ETF as early as July 4, as negotiations between asset management companies and regulatory agencies have entered the final stage.
8. NFT sales in the second quarter of 2024 dropped by 45%, consistent with the bearish trend in Bitcoin.
9. Digital investment platform Abra and its CEO William Barhydt have reached a settlement with financial regulatory agencies in 25 states in the US, with Abra agreeing to refund up to $82 million in cryptocurrency to its American customers.
10. The US Department of Justice announced the conviction of HYDRO founder Shane Hampton and finance engineering manager Michael Kane for manipulating the price of HYDRO tokens. They were found to have used a third-party company to manipulate the price of their company’s cryptocurrency, resulting in securities fraud.
11. Casa co-founder Jameson Lopp tracked the sale of Bitcoin by the US government and found that they had confiscated and sold at least 195,091 BTC since 2014, generating profits of over $366 million.
12. According to Bitcoin Magazine, if Trump is elected, he will choose Vivek Ramaswamy as his vice president, who supports Bitcoin and has accepted BTC Lightning Network donations during the presidential campaign.
13. CryptoQuant CEO Ki Young Ju stated that the US government’s sale of 4000 BTC is unlikely to have any significant impact on the market.
14. UDPN has officially launched its first production system, including stablecoin and asset tokenization solutions, developed in collaboration with Hong Kong-based Red Date Technology and German consulting firm GFT.
15. State Street Global Advisors and Galaxy Asset Management have announced a partnership to launch a new generation of digital asset investment strategies, aiming to expand investment opportunities beyond the cryptocurrency category.
16. Cryptocurrency may become a focal point of the upcoming presidential debate, with crypto advocacy organization Stand With Crypto launching an online letter-writing campaign to urge CNN moderators to ask cryptocurrency-related questions.
17. According to Nansen data, Huang Licheng’s address has accumulated $5.37 million worth of BLAST, ranking first in the on-chain purchase list.
18. Coinbase has stated that it will not execute the migration of Ocean Protocol (OCEAN) and Fetch.ai (FET) on behalf of users, and will continue to support trading of each asset until further notice.