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Kraken makes another push to dismiss SEC lawsuit ahead of June hearing
Kraken makes another push to dismiss SEC lawsuit ahead of June hearing

Kraken’s lawyers said in a court document filed on Thursday that the agency has “not identified any investment contracts that were (or could be) traded, brokered, or settled on Kraken.” A hearing to discuss Kraken’s move to dismiss the SEC’s lawsuit is set for 2 p.m. ET on June 12.

The Block·2024/05/10 15:19
BTC Price Settles at $63K as Network Difficulty Declines, Binance’s Regulatory Issues Continue: This Week’s Crypto Recap
BTC Price Settles at $63K as Network Difficulty Declines, Binance’s Regulatory Issues Continue: This Week’s Crypto Recap

Binance faces more regulatory issues from the govts of Nigeria and Canada, while BTC’s price calms around $63K.

Cryptopotato·2024/05/10 15:07
Bitcoin benefits from US dollar downturn, analysts say
Bitcoin benefits from US dollar downturn, analysts say

The U.S. Dollar Index (DXY) has declined following a rise in U.S. jobless claims.The DXY downturn could benefit bitcoin and equity markets, analysts say.

The Block·2024/05/10 14:34
Harvest CEO 'doesn’t rule out' applying to offer bitcoin, ether ETFs to mainland Chinese investors: SCMP
Harvest CEO 'doesn’t rule out' applying to offer bitcoin, ether ETFs to mainland Chinese investors: SCMP

Harvest Global CEO and CIO Tongli Han said he ‘doesn’t rule out’ applying to offer its bitcoin and ether ETFs via the Stock Connect scheme for mainland Chinese investors, according to a report.However, the program currently does not allow mainland investors to invest in crypto futures ETFs in Hong Kong, let alone spot crypto counterparts.

The Block·2024/05/10 14:16
Telegram-linked Toncoin soars 50% in May for these 3 reasons
Telegram-linked Toncoin soars 50% in May for these 3 reasons

Toncoin is poised for a potential 20% increase in the upcoming weeks, mirroring a bullish fractal pattern previously observed in February 2024.

Cointelegraph·2024/05/10 14:16
Flash
22:43
S&P Grants SpaceX 'BBB' Credit Rating
On June 19, S&P Global Ratings assigned SpaceX a 'BBB' issuer credit rating with a stable outlook, citing strong performance in its launch and connectivity businesses, but offset by significant capital requirements and uncertainties in its artificial intelligence operations. S&P expects SpaceX to maintain an adjusted leverage ratio below 2.0 times by 2029. S&P stated, 'We anticipate that leverage will peak in 2028, with S&P Global Ratings' adjusted leverage reaching 1.2 times, but will improve year by year as the company expands its connectivity business's revenue and profitability and begins to monetize its artificial intelligence operations.'
22:43
Large Commercial Vessels Begin Passage Through the Strait of Hormuz
On June 19, Iran and the United States officially signed a memorandum of understanding, with one of the most notable commitments being the restoration of commercial shipping in the Strait of Hormuz. What is the current situation in the Strait of Hormuz? On the first day of the memorandum's signing, a reporter from the main station revisited the Strait of Hormuz. Previously, on June 5, the reporter had also visited the Strait for filming. At that time, the reporter observed that hundreds of vessels were stranded on one side of the strait, and large commercial ships were scarce in the waterway. However, upon revisiting on June 18, the reporter noted a decrease in the number of stranded vessels, and large commercial ships began to pass through the strait.
22:40
Large commercial ships begin to pass through the Strait of Hormuz
Jinse Finance reported that on June 19, Iran and the United States officially signed a memorandum of understanding. The most notable aspect drawing external attention is that both parties pledged to restore commercial shipping in the Strait of Hormuz. What is the current situation in the Strait of Hormuz? On the first day after the signing of the memorandum of understanding, a CCTV reporter once again visited the Strait of Hormuz on site. On June 5, the reporter had also visited the Strait of Hormuz for filming. At that time, the reporter observed that hundreds of ships were stranded on one side of the strait, and it was difficult to spot large commercial vessels navigating the channel. However, upon a return visit on June 18, the reporter saw that the number of stranded vessels had begun to decrease, and at the same time, large commercial ships had started passing through the strait. (CCTV International News)
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