Bitcoin ETF Records 5 Consecutive Days of Inflows
On July 1, US spot Bitcoin exchange-traded funds (ETFs) experienced substantial daily inflows of $129.45 million, marking the fifth consecutive day of positive flows. The U.S. government approved Spot Bitcoin ETFs on January 10, and they commenced trading the following day. Unlike the Grayscale Bitcoin Trust (GBTC), which has experienced significant inflows and outflows since […]
Hawaii Exempts Crypto Firms from Money Transmitter License
Cryptocurrency firms in Hawaii are now officially exempt from the requirement to obtain a Money Transmitter License (MTL) to conduct business. On June 30, 2024, the Hawai’i Department of Commerce and Consumer Affairs (DCCA) announced that the state had officially concluded the collaborative crypto research initiative Digital Currency Innovation Lab (DCIL). Founded in 2020, DCIL’s […]
Jesse Powell Donates $1M in Ether to Trump’s Campaign
Jesse Powell, the co-founder of Kraken, disclosed on X that he donated $1 million, primarily in Ether, to Donald Trump’s 2024 presidential election campaign. Powell underscored his endorsement of Trump, the sole major party candidate currently advocating for pro-crypto policies. “I am excited to join other leaders from our community to unite behind the only […]
Vanuatu to Pass Crypto, Digital Assets Bill in September
The Pacific Island nation of Vanuatu anticipates the implementation of its long-awaited crypto, digital asset, and service provider bill in September after a long delay. Branan Karae, the Commissioner of the Vanuatu Financial Services Commission (VFSC), stated in his opening remarks at a digital assets symposium organized by the country’s financial regulator on June 27 […]
FTX Creditors Cast Vote on Repayment Method
FTX received court approval to inquire if creditors would prefer to receive their recovered funds in cash, as per the liquidation plan, or in crypto at its current market value. On June 25, United States Bankruptcy Judge John Dorsey approved FTX’s voting plan. The company’s most recent liquidation plan, which was proposed in May, was […]