A whale that previously bought $77.45 million worth of altcoins bought another $3.42 million worth of altcoins from Binance
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Despite some losses, the SEC continues to fight crypto
Quick Take The Securities and Exchange Commission has had some notable legal and investigative losses in recent months, including a court sanction in Utah. However, legal experts and crypto commentators are split on whether the regulator is losing its attempt to classify nearly all cryptocurrencies as securities.
The Daily: SEC's Paxos probe ends, Trump to speak at Bitcoin conference, Hamster Kombat and more
Quick Take SEC has dropped its investigation into BUSD stablecoin following a probe into Paxos. Donald Trump will speak at the Bitcoin 2024 conference in Nashville later this month. The German government continues bitcoin transfers and now holds fewer than 5,000 BTC. The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
JPMorgan, Standard Chartered-backed blockchain payment network Partior raises $60 million
Quick Take Fintech company Partior has raised over $60 million in a Series B round led by Peak XV Partners. The fresh capital will help the firm develop its ledger-based interbank rails for real-time clearing and settlement.
Bitcoin and ether slide as equities sell-off despite rising rate-cut expectations
Bitcoin and ether trend lower, alongside a sell-off in equity markets, despite inflation indicators boosting the odds of a rate cut in September.The Chicago Mercantile Exchange Fedwatch tool has increased the odds of a rate cut in September from 68.1% on Thursday to 88.1% today.
