14 Jun 24
 14 Jun 24
 14 Jun 24


 24 May 24


• The SEC approved eight applications for spot Ethereum ETFs, allowing Ethereum trading on Wall Street, and VanEck celebrated this approval with an ad, marking a significant regulatory shift and potentially complicating the regulatory landscape for other cryptocurrencies.• The House passed the FIT21...

• The SEC approved eight applications for spot Ethereum ETFs, allowing Ethereum trading on Wall Street, and VanEck celebrated this approval with an ad, marking a significant regulatory shift and potentially complicating the regulatory landscape for other cryptocurrencies.
• The House passed the FIT21 bill to define cryptocurrencies as commodities under the CFTC, while SEC Chair Gensler criticized the bill, warning of potential risks to investors and capital markets.
• Coinbase reopened XRP trading in New York amid the ongoing Ripple-SEC legal battle, signaling a potential shift in the lawsuit's outcome, and Ripple filed a trademark for "RLUSD," indicating expansion into the stablecoin market. Coinbase Derivatives launched retail-sized futures contracts for oil and gold, expanding trading opportunities.
• President Biden faces a decision on vetoing H.J. Res 109, which seeks to repeal SEC's SAB 121 affecting crypto custodial services, reflecting broader regulatory debates.
• Coinbase launched Avalanche (AVAX) staking with a 4.47% APY, enhancing its staking offerings amid regulatory challenges.
• Metaplanet's shares surged 158% due to its Bitcoin accumulation strategy, leading to a trading halt.
• Wells Fargo faces a class-action lawsuit for allegedly seizing funds from a customer's account without authorization.
• Bybit addressed insolvency rumors, emphasizing the exchange's stability and the fragility of trust in the crypto sector.
• Binance announced a new strategy to prioritize high-quality crypto projects, aiming to create a more sustainable market.
• Nexo faced backlash after a sudden fee hike, leading to a loss of user trust.
• Standard Chartered forecasted Ethereum to reach $8,000 by year-end, anticipating significant inflows post-ETF approval, with BlackRock and other major firms leading significant inflows into Bitcoin ETFs, indicating strong institutional interest.
• Farcaster secured $150M in Series A funding, becoming the latest crypto unicorn.
• Uniswap Labs launched a new Ethereum token standard ERC-7683, simplifying cross-chain transactions, and defended DeFi innovation against the SEC's enforcement action.
• Stacks announced a new Bitcoin restaking protocol and delayed its Nakamoto upgrade for stability.
• The "Tech Against Scams" coalition aims to combat online fraud by collaborating with major crypto exchanges and companies.
• Prometheum's alignment with the SEC for Ethereum custody services sparked industry controversy.
• Grayscale updated its Ethereum ETF application, removing the staking clause ahead of expected approval.
• The US House passed a bill to limit the Federal Reserve's control over launching a Central Bank Digital Currency (CBDC).
• A Supreme Court ruling against Coinbase in a Dogecoin lawsuit marks the first mention of "Dogecoin" in a U.S. Supreme Court opinion.
• ConsenSys CEO Joe Lubin revealed plans for potential public listing and strategic moves during an interview.
• The London Stock Exchange will list crypto ETPs for the first time, marking a significant development in the crypto market.
• OKX Ventures invested in Bitlayer to enhance Bitcoin network's transaction capability.
• Gala Games' GALA token experienced a sharp decline due to a $240M security breach but later stabilized.

Get the book!

Crypto Foundations for Building Multi-Generational Wealth

Join this channel to get access to perks:

Join Grow My Bag social media:

🚨 Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by Grow My Bag. Grow My Bag may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.


The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.