Bybit Becomes Second Biggest Crypto Exchange in the World 🚀

Sup crypto heads, it’s Monday again!

You’re especially welcome to join in digging into the hottest crypto news with Coinigy.

It is not news anymore; Binance’s 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 world’s second-largest crypto exchange… Is it a matter of time before it becomes numero uno?   We’ll wait and see

In other news, the SEC may have stopped going at the throat of Ethereum, but now it’s attacking the companies that support it,  specifically Consensys, the creators of MetaMask.

Anyways, here’s what you’re getting in today’s 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 ’Cryptoqueen’
• 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 world’s 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

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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 applicants’ proposals, delaying the much-anticipated debut.

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US State Dept offers $5M reward for OneCoin ’Cryptoqueen’

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 “Cryptoqueen,” who vanished in Athens in 2017.

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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.

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Other Highlights Worth Mentioning

Binance Fined $2.2M by India’s 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