AltXCrunch

06/07/24 | Biden's Crypto Veto, DMM Bitcoin Breach, GameStop Surge, SEC's ETF Delay, Coinbase's Smart Wallet, Robinhood's Bitstamp Acquisition


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In this episode of AltXCrunch, we delve into the latest happenings in the world of cryptocurrency and digital assets. President Biden's veto of a bill to repeal the SEC's SAB 121 rule takes center stage, sparking debates on regulatory oversight and consumer protection in the digital asset market. Meanwhile, DMM Bitcoin's security breach leads to a loss of $305.1 million in BTC, prompting the exchange to take swift action to reimburse affected users. The GameStop frenzy reignites as Roaring Kitty's $116 million bet sends GameStop shares soaring, while the US SEC Chairman's comments hint at potential delays in Ethereum ETF approvals, raising questions about the future of derivative products. Additionally, Coinbase's new smart wallet aims to simplify onboarding and boost DeFi adoption among users, while Robinhood's acquisition of Bitstamp signals a major move in its global expansion strategy. Stay tuned for these stories and more on AltXCrunch!

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