Here’s a summary of the latest developments in the crypto market.
Telegram Founder Arrested: Pavel Durov was arrested in France for alleged illegal activities on Telegram. This led to a significant drop in the prices of TONcoin and Notcoin.
U.S. Presidential Election Odds: On Polymarket, Donald Trump and Kamala Harris are currently tied in the odds for the 2024 U.S. presidential election.
Kraken v. SEC: A U.S. District Judge denied Kraken’s motion to dismiss the SEC’s charges, allowing the lawsuit to proceed.
Binance Faces Legal Woes: Binance and its founder, Changpeng Zhao, face a class action lawsuit for allegedly enabling money laundering.
Spot Bitcoin ETFs: Bitcoin ETFs saw continued net inflows, totaling $506.4 million over the past week.
Ethereum ETFs: Ethereum ETFs experienced net outflows totaling $44.5 million.
Solana ETF Filings: The SEC has not yet decided on Solana’s securities status, which is delaying the launch of spot Solana ETFs.
Tron’s SunPump: TRON’s native token, TRX, surged by 12% due to the growing hype surrounding SunPump, a new meme coins deployer on the TRON network.
These developments highlight the ongoing legal challenges faced by major crypto players and the dynamic nature of the cryptocurrency market.
