Coinbase denies customer data leak, Au10tix employee credentials leak sparks security concerns
Cryptocurrency exchange Coinbase denied today that its customer data has been leaked, in response to the leaked credentials of Au10tix employees. Au10tix stated that although the credentials were leaked, there is currently no evidence that the data has been misused. Reports indicate that these credentials may allow hackers to access sensitive information such as users’ names, dates of birth, and driver’s license images. Au10tix has removed the relevant credentials and strengthened security measures to prevent similar incidents from happening again. Coinbase has not confirmed whether they use Au10tix to store customer data, but insists that no data leaks have been found so far.
Wintermute founder: SOL ETF unlikely to be approved this year
Wintermute founder and CEO Evgeny Gaevoy stated on the X platform that the likelihood of the SOL ETF being approved this year is almost zero (assuming that this would be a priority for the Trump administration is quite foolish). Wintermute is a long-term supporter of SOL and ETH, but should not be overly optimistic, as the adoption of cryptocurrencies takes time. Once you really see the flow of funds into the ETH ETF, you will understand that even if the SOL ETF is approved, the inflow of funds will be even less.
Previously, asset management firm VanEck submitted the first Solana ETF application in the United States.
Market
As of the time of publication, according to Coingecko data:
BTC recent trading price is $61,567.68, with a daily change of +1.3%;
ETH recent trading price is $3,443.92, with a daily change of +2.2%;
BNB recent trading price is $580.53, with a daily change of +1.4%;
SOL recent trading price is $149.45, with a daily change of +9.3%;
DOGE recent trading price is $0.127, with a daily change of +3.5%;
XPR recent trading price is $0.4748, with a daily change of +1.2%.
Policy
Innovative Crypto Committee UK Head: UK needs to act quickly to regulate crypto companies
The Labour Party, expected to win the upcoming election, has not taken a clear stance on digital assets. Laura Navaratnam, the policy head of the Innovative Crypto Committee in the UK, stated that the new government needs to take action quickly to ensure that the UK’s leadership position in global crypto innovation is not weakened.
Over the past 15 years, the Conservative government has supported the steady growth of the UK’s crypto ecosystem. Former Treasury Secretary John Glen and his successors Andrew Griffith and Bim Afolami have promised to make the UK a global center for crypto asset technology.
Navaratnam suggested that the new government focus on stablecoin regulation, clarity on staking regulation, and financial promotion guidance. In addition, she warned that if the new government does not act quickly, the UK will lose its global leadership position in innovation.
Dragonfly Capital partner: US SEC has clearly stated that SOL is a security and will not abandon this decision
Dragonfly Capital partner Hasseb Qureshi stated that it is unlikely that the SOL ETF will be approved, and he believes that VanEck’s submission of the SOL ETF application may be just “buying goodwill” to lay the foundation for the development of similar products, as the US Securities and Exchange Commission has clearly stated that SOL is a security, and regulatory agencies will not abandon this decision.
Biden campaign team hires Coinbase advisory committee member as 2024 election advisor
The Biden campaign team has hired Keisha Lance Bottoms as a senior advisor for the 2024 election. Lance Bottoms served as the mayor of Atlanta from 2018 to 2022 and joined the Coinbase advisory committee in April 2024, after resigning from her White House advisory position in 2023.
The Hill reported on June 27 that Lance Bottoms will continue to stay at Coinbase during the presidential campaign, which is expected to end when American voters cast their votes in November. The news media reported that the former mayor said that cryptocurrency is a “non-political, unifying issue.” It is currently unclear whether Lance Bottoms will provide advice to the Biden campaign team on cryptocurrency-related issues.
According to The Hill, Lance Bottoms stated at a Stand With Crypto Atlanta event: “Cryptocurrency provides an opportunity for enhanced financial freedom for communities that typically lack bank accounts or have insufficient bank accounts.”
Bolivia lifts ban on Bitcoin and crypto payments
Bolivia has lifted the ban on Bitcoin and crypto payments, formally legalizing them for financial entities.
Paradigm urges European regulatory agencies to “delicately” handle MEV issues
Paradigm has submitted opinions to the European Securities and Markets Authority (ESMA) on preventing abuse in the cryptocurrency market. They pointed out that ESMA should avoid misusing traditional financial market concepts at the underlying blockchain level when dealing with Maximum Extractable Value (MEV), to avoid inconsistencies and unintended consequences. Paradigm called on ESMA to gain a deeper understanding of MEV and support innovative tools to address potential abuse risks.
Blockchain applications
Viewpoint: Ethereum L2 ecosystem will process transactions 100 times more than Solana in 5 years
Analyst Ryan Berckmans stated that despite the bearish market, the Ethereum Layer 2 expansion ecosystem is growing rapidly. Berckmans pointed out that L2 protocols and EVM extension platforms are rapidly gaining popularity, with Coinbase, Worldcoin, and Immutable X all launching EVM L2. He predicts that the transaction throughput of L2 will exceed that of Solana by 100 times in the next five years. Currently, the total locked value of all L2 protocols is $42.86 billion, which has remained stable since March despite the downturn in the crypto market.
Cardano integrates IBC protocol to enhance connectivity and join cross-chain ecosystem
The Cardano Foundation announced the integration of the Inter-Blockchain Communication (IBC) protocol to achieve reliable transactions and data exchange across different blockchain networks, enhancing connectivity and joining the cross-chain ecosystem.
By introducing IBC functionality into Cardano, projects seeking to establish bridges between the Cardano network and Cosmos SDK-based sidechains may use this solution. In addition to joining the cross-chain ecosystem, the implementation of IBC for Cardano provides another option for connecting sidechains based on the Ethereum Virtual Machine (EVM) to Cardano. This will allow developers to seamlessly deploy decentralized applications (DApps) based on EVM on Cardano sidechains.
S&P Global Ratings joins Singapore’s “Guardians” program to drive digital transformation of financial markets
S&P Global Ratings announced its participation in Singapore’s “Guardians” program, which aims to explore tokenization on public blockchains. Led by the Monetary Authority of Singapore (MAS), the program has brought together 18 financial institutions and regulatory agencies. S&P will focus on developing a digital asset analysis framework and evaluation for the fixed income sector. Multiple financial institutions are conducting experiments related to fixed income, reflecting the push for digital transformation in financial markets.
Decentralized cross-chain oracle network developer AnchorZero completes $8 million seed round financing
Decentralized oracle network developer AnchorZero announced the completion of an $8 million seed round financing, led by Bain Capital Crypto and Spark Capital, with participation from Ethereal Ventures, Robot Ventures, Mischief Fund, Pascal Capital, and Sarah Meyohas. Specific valuation information has not been disclosed. AnchorZero is a blockchain technology company specializing in the development of decentralized cross-chain oracle networks, providing secure and reliable price feed data services for smart contracts, allowing access to external data for smart contracts on multiple platforms, and also providing Web3 tax planning solutions.
Cryptocurrency
Coinbase and Stripe establish partnership to expand global adoption of cryptocurrencies
Stripe and Coinbase announced a partnership to increase on-chain adoption and provide faster and cheaper financial infrastructure. Stripe will add support for Base in its crypto product suite, providing users with faster and cheaper remittance services, while Coinbase will add Stripe’s fiat-to-crypto entry in Coinbase Wallet, allowing users to instantly purchase cryptocurrencies using credit cards and Apple Pay.
Proposed Bitcoin and Gold combination ETF may launch on September 9
An exchange-traded fund (ETF) that aims to allow traders and investors to invest in Bitcoin and gold without purchasing either asset has submitted a prospectus on Thursday. The STKD Bitcoin&Gold ETF is jointly launched by Tidal Investments and Quantify Chaos Advisors, aiming to provide investment opportunities that track the price performance of both Bitcoin and gold through Bitcoin futures and ETF, as well as gold futures and ETF.
According to the prospectus, the strategy is based on the idea that combining Bitcoin and gold strategies may bring complementary benefits. It aims to reduce the impact of short-term market volatility on overall investment results, potentially providing a more stable investment trajectory. The effective date for this ETF is specified as September 9, 2024, but does not include a stock code or any related fees.
BlackRock IBIT holdings unchanged for two consecutive trading days
Official data from BlackRock’s spot Bitcoin ETF shows that as of June 26, the IBIT market value reached $18,584,300,966.09, and the holdings remained at 305,612.3283 BTC for two consecutive trading days.
BlackRock: Investors use Bitcoin to hedge geopolitical uncertainty
According to Bitcoin Archive, BlackRock stated on the X platform that Bitcoin is an “emerging asset” that investors use to hedge geopolitical uncertainty.
Bloomberg ETF Analyst: T-Rex applied for 2x Microstrategy stock MSTR ETF
Bloomberg analyst Eric Balchunas stated on the X platform that T-Rex has just applied for a 2x Microstrategy stock MSTR ETF, which is almost certain to become the most volatile ETF in US history, with volatility likely to be about 20 times that of SPX.
21Shares submits 8-A12B file for its spot Ethereum ETF
ETF analyst Henry Jim stated that 21Shares has submitted an 8-A12B file for its spot Ethereum ETF.
SOL falls below $150
Market data shows that SOL has fallen below $150, currently at $149.99, with a daily gain of 9.36%, indicating significant market volatility. Please manage your risks accordingly.
GBTC net outflow of $11.4 million yesterday
According to Farside Investors monitoring, data for the US spot Bitcoin ETF yesterday (June 26) shows a net outflow of $11.4 million for GBTC; BITB saw a net inflow of $8 million.
Key Economic Dynamics
Probability of the Fed maintaining interest rates in August at 89.7%
According to CME’s “Fed Watch”: the probability of the Fed maintaining interest rates in August is 89.7%, with a 10.3% probability of a 25 basis point rate cut. The probability of the Fed maintaining interest rates until September is 35.9%, with a cumulative 57.9% probability of a 25 basis point rate cut, and a 6.2% probability of a cumulative 50 basis point rate cut.
US stock three major indexes collectively rise, popular tech stocks mixed
US stock three major indexes collectively rose, with the Dow up 0.09%, the Nasdaq up 0.3%, and the S&P 500 up 0.09%. Popular tech stocks saw mixed performance, with Amazon up over 2% and Nvidia down nearly 2%. Computer hardware, solar energy, and software applications were among the top gainers, with US software up over 8%, AMD up over 7%, Ansys up over 6%, Salesforce and Sunrun up over 4%.
International Monetary Fund: Fed should not lower policy rates until at least the end of 2024
The International Monetary Fund expects the US PCE inflation rate to return to the 2% target level by mid-2025, and the Fed should not lower policy rates until at least the end of 2024.
Encyclopedia
What is an Infinite Coin Minting Attack?
An infinite coin minting attack refers to an attacker manipulating contract code to continuously mint new tokens beyond the authorized supply limit. Malicious actors may profit from such attacks by selling illegally created tokens or disrupting the normal operation of affected blockchain networks. The prevalence of infinite coin minting attacks underscores the importance of thorough code reviews and incorporating security measures into smart contract development to prevent such vulnerabilities.
Disclaimer: As a blockchain information platform, the content of the articles published is for informational reference only and should not be taken as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.
