Bitcoin ETF applications forwarded, NFT claimants hacked, and Israel seizes Crypto: these are some of the crypto news of the week.
Another exciting week in the crypto space is drawing to a close. Details of the most important events around Bitcoin, Ethereum and Co. are presented below:
- BlackRock, Fidelity and Co. resubmit Bitcoin ETF applications.
- Solana on the rise thanks to the participation platform.
- There is Bitcoin in this DAO for 10,000 euros.
- NFT plaintiffs sue publisher and get hacked.
- Cryptocurrencies are seized in the Middle East.
BlackRock, Fidelity and Co. Resubmit Bitcoin ETF Applications
The US Securities and Exchange Commission (SEC) and its boss, Gary Gensler, are very busy. Unless rumors spread that the agency chief’s chair has been cut, left-right spot bitcoin ETF applications should be rejected. That’s what happened late last week. According to the SEC, the applications from institutional giants such as BlackRock and Fidelity are “insufficient” and must be refiled.
Fidelity, WisdomTree, VanEck, and Ark Invest already submitted their Bitcoin Spot ETF applications last weekend. BlackRock followed soon after.
Solana On the Rise Due to the Participation Platform
Solana is currently experiencing a resurgence in the betting business. The hype surrounding liquid staking token funding (LSTfi) is bringing a breath of fresh air to the “world’s fastest Blockchain”.
However, the fun turns dangerous as soon as the price difference between the “real” SOL tokens and the derivatives starts to grow. If the price of Marinade-SOL (mSOL) falls drastically compared to the main asset, the traders will be liquidated.
In this DAO there is Bitcoin for 10,000 Euros
Bitcoin the climate killer: that is the common image in the media. However, a change has been going on behind the scenes for years. Bitcoin is about to become a driving force in the energy transition. Environmentally conscious, climate friendly, determined: green miners are on the rise around the world.
The Green Mining DAO, founded by six pioneers, is currently a small institution in the field of ReFi. The term stands for regenerative finance, a growing social movement. Their hope is to use cryptocurrencies to promote the adoption of renewable energy, also mining Bitcoin.
With more than 20 members, they have been operating a bitcoin mining facility in Paraguay since early 2023. It has become a flourishing oasis between high-tech and nature.
Miners use resources from the environment for cooling, filtered air, and water. The resulting heat will be used to dry fruit and grow algae. The plant is built in such a way that it is hardly noticeable in nature – green and calm.
NFT Plaintiffs Sue Publisher and Get Hacked
The plaintiffs came together to coordinate a lawsuit against the publishers of the Elementals NFTs. But instead of getting a $38 million refund, the hackers stole another 35 ETH from the DAO, which was only days old. Equivalent: US$70,000. However, this does not prevent the group from taking action against the project team.
Seized Cryptocurrencies in the Middle East
On June 28, according to a statement by Israel’s Defense Minister Yoav Gallant on June 28, the country’s National Counter-Terrorism Bureau (NBCTF) seized $1.7 million in cryptocurrency from accounts believed to belong to Hezbollah and Iran’s Quds Brigade.
Israel and some other countries, including Germany and the US, classify the groups as terrorist organizations. In addition to the Israeli secret service, Blockchain forensics experts from Chainalysis and various cryptocurrency exchanges also participated in the measures.
By Audy Castaneda
