Crypto News: StealthEX-PulseCoinList, SEC Ethereum ETFs, BTC Sales

June 28, 2024

Crypto World

Maciej Zerelik

Stay ahead with the latest crypto updates from StealthEX and CryptoDaily. This week, we bring you the most exciting news in the world of cryptocurrencies. Want to know what’s trending? Check out our digest for fresh insights and stay informed!

StealthEX Partners with PulseCoinList to Enhance Crypto Offerings

StealthEX has partnered with PulseCoinList (PCL), the top platform for PulseChain stats and coin rankings. This collaboration highlights StealthEX’s dedication to expanding in the Web3 space. PulseCoinList has ranked StealthEX third among native bridges, DEXs, and instant swap providers for buying PulseChain (PLS).

This partnership aims to broaden the crypto horizons for StealthEX users. PulseCoinList offers a platform to explore PulseChain token rankings, stats, and swap comparisons. It features an enhanced UI, multi-charts, and an Ecosystem Explorer. These tools provide valuable insights into the PulseChain ecosystem.

PulseChain is a Layer-1 blockchain created by Richard Heart, who also developed the ERC-20 token HEX. The PulseChain mainnet launched in May 2023, following a successful initial coin offering. It is known for being the “biggest airdrop in history,” offering free versions of Ethereum tokens and NFTs to holders on its platform. PulseChain operates using its native cryptocurrency, PLS.

Through this partnership, StealthEX and PulseCoinList aim to deliver more value to their users, enhancing their positions in the crypto market and fostering greater awareness of the PulseChain ecosystem.

SEC Chair Gary Gensler Announces Progress on Spot Ethereum ETFs

The approval process for Spot Ethereum ETFs is progressing well, according to SEC Chair Gary Gensler. The launch dates are expected in July, following recent regulatory and legislative clarity.

Gensler shared this update at the Bloomberg Invest Summit. He mentioned that the exact timing for the ETF launch is still uncertain. However, he confirmed that the process is advancing smoothly. This announcement follows the SEC’s approval of eight spot Ether ETFs in late May.

The SEC’s approval process involves individual issuers working through the registration steps. They must file S-1 forms, which need approval before trading can begin. Gensler indicated that this process should be completed over the summer, with disclosure and registration as the final steps.

The SEC approved eight spot Ether ETFs on May 23. This decision was based on consistency with the Exchange Act and related regulations. Earlier this year, the SEC also approved the first Bitcoin ETFs in January, allowing several asset managers to proceed. These included Fidelity, BlackRock, Bitwise, Grayscale, Franklin Templeton, VanEck, Ark, and Invesco Galaxy.

The approval process for Ether ETFs includes a meticulous two-step approach. First, the SEC must approve the 19b-4 filings. Then, each of the eight funds must have their individual S-1 registration applications reviewed and approved.

Choose StealthEX for Exchange and Buy Crypto

• User-Friendly — Simple and minimalistic interface for everyone.
• Fast and Private — Instant non-custodial cryptocurrency exchanges.
• Buy crypto with Credit Card.
• 1500+ coins and tokens are available for limitless, quick and easy exchanges.
• NO-KYC crypto exchanges — Buy cryptocurrency up to $700 without KYC!
• StealthEX crypto exchange app — Process crypto swaps at the best rates wherever you are.
• 24/7 Customer Support.

Earn from Each Exchange by Joining StealthEX Affiliate Program.
Become a partner right now and use affiliate tools:

• Public API — Earn from your wallet, aggregator, or exchange terminal.
• Referral Links — Recommend StealthEX to your audience.
• Exchange Widget — Built crypto exchange widget on any page of your website.
• Button — A perfect choice for traffic monetization.
• Banner — Track conversion and stats right in the personal cabinet.

German Government Wallet Sells 900 Bitcoin

The crypto market is seeing increased volatility, causing severe price drops. This week’s on-chain analysis revealed that a German government-labelled crypto wallet sold 900 Bitcoin. 

A German government crypto wallet moved 900 Bitcoin in three separate transactions. Blockchain analysis firm Arkham reported that the wallet sent 200 BTC to Coinbase, 200 BTC to Kraken, and 500 BTC, worth over $30 million, to an unknown wallet, labeled “139Po”.

The identity of wallet “139Po” remains unknown, but the German government has interacted with it before. On June 19, the government sent 500 BTC to this address, followed by another 800 BTC on June 20.

After these transfers, the wallet still holds 46,359 BTC, valued at around $2.8 billion. The recent transactions have caused concerns about potential further impacts on Bitcoin’s price.

MicroStrategy Acquires 11,931 Bitcoins

MicroStrategy confirmed the acquisition of an additional 11,931 BTC for $786 million. The news was announced through a press release and detailed in an SEC Form 8-K filing. This purchase brings the company’s total Bitcoin holdings to 226,331 BTC, worth approximately $14.4 billion at the current Bitcoin price of around $64,000.

To finance this acquisition, MicroStrategy completed a private offering of convertible senior notes on June 18, 2024. Initially aimed at raising $500 million, the offering was upsized to $800 million due to strong demand. The convertible notes feature a 2.25% coupon rate and a conversion premium of approximately 35% over MicroStrategy’s Class A common stock’s volume-weighted average price.

MicroStrategy has been a strong advocate for Bitcoin since 2020. The company’s aggressive Bitcoin accumulation strategy continues with this latest purchase, following a $623 million acquisition of 9,245 BTC in March through a similar debt issuance. This sustained investment highlights MicroStrategy’s commitment to Bitcoin as a key asset in its financial strategy.

Mysterious Bitcoin Donor Pays Julian Assange’s Debt

A mysterious Bitcoin donor has settled the debt of Julian Assange, covering his private airline bills. Assange, the WikiLeaks co-founder, was released from Belmarsh prison on June 24, 2024, after 12 years of legal battles. His freedom came with a debt of $520,000, primarily for travel costs due to security concerns.

Assange’s wife, Stella Assange, launched a crowdfunding campaign to handle the expenses. She mentioned the high costs of a forced charter flight to the U.S. court in Saipan and then to Australia. Restrictions prevented Assange from using commercial airlines.

To aid fundraising, Assange’s brother set up a BTCPay POS for Bitcoin donations. Supporters also requested a direct Bitcoin address. Within ten hours of the appeal, an anonymous donor contributed 8 BTC, equivalent to $520,000. Additional contributions in British pounds raised over $380,000.

This ensured Assange could reunite with his family without financial strain. In 2022, Assange also received support through the “Censored” NFT collection, which raised funds for his legal trial. This latest Bitcoin donation marks another significant show of support for the former Australian editor.

This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.