Bybit Becomes Second Biggest Crypto Exchange in the World đ
Sup crypto heads, itâs Monday again!
Youâre especially welcome to join in digging into the hottest crypto news with Coinigy.
It is not news anymore; Binanceâs regulatory issues are aiding its gradual decline. The news, however, is that Bybit is taking advantage of the situation.
And yeah, Bybit just became the worldâs second-largest crypto exchange⌠Is it a matter of time before it becomes numero uno? Weâll wait and see
In other news, the SEC may have stopped going at the throat of Ethereum, but now itâs attacking the companies that support it, specifically Consensys, the creators of MetaMask.
Anyways, hereâs what youâre getting in todayâs edition:
- Bybit surpasses Coinbase in market share after Binance's decline
- Ethereum ETF Dream On Hold: SEC Thumbs Down Applications (Again)
- US State Dept offers $5M reward for OneCoin âCryptoqueenâ
- U.S. Judge Lets Most of SEC Case Against Binance Proceed, Dismisses Secondary Sales Charge
Bybit surpasses Coinbase in market share after Binance's decline
Bybit exchange has flipped Coinbase to become the worldâs second-largest cryptocurrency exchange. Following a surge in trading, Bybit became the second-largest centralized crypto exchange (CEX) by trading volume, according to a June 25 report by Kaiko
Ethereum ETF Dream On Hold: SEC Thumbs Down Applications (Again)
Ethereum enthusiasts were cruising down the information superhighway towards a July 4th fireworks celebration of a different kind: the launch of the first spot Ethereum ETF. Investor excitement was dampened when the US Securities and Exchange Commission unexpectedly sent back applicantsâ proposals, delaying the much-anticipated debut.
US State Dept offers $5M reward for OneCoin âCryptoqueenâ
The U.S. State Department is offering a $5 million bounty for information leading to the arrest or conviction of OneCoin founder Ruja Ignatova, the self-styled âCryptoqueen,â who vanished in Athens in 2017.
U.S. Judge Lets Most of SEC Case Against Binance Proceed, Dismisses Secondary Sales Charge
A federal judge dismissed part of the U.S. Securities and Exchange Commission's (SEC) lawsuit against crypto exchange Binance and founder Changpeng Zhao, but allowed other charges, including charges against the holding company for Binance.US, to proceed.
Other Highlights Worth Mentioning
Binance Fined $2.2M by Indiaâs Financial Intelligence Unit - CoinDesk
SEC looks to end Ethereum staking through MetaMask in new lawsuit - Cryptoslate
Floki Inu alerts community to fake tokens on Base and Solana - Coinmarketcap
Crypto losses from hacks and scams soared by 113% in Q2 2024 to reach $572 million - Cointelegraph