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Daily News Summary 21/6

June 21, 2024 Tóth Balázs
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The Winklevoss Twins Support Donald Trump

Cameron and Tyler Winklevoss, the brothers behind the Gemini crypto broker, have announced that they will donate a total of $2 million worth of Bitcoin to former U.S. President Donald Trump, the expected Republican candidate in the upcoming presidential election. They explained their decision by stating that the Biden administration has openly declared war on crypto assets, and they do not want to live under intimidation, harassment, and lawsuits by government agencies.

Jump Crypto Under Scrutiny by U.S. Authorities

The U.S. Commodity Futures Trading Commission (CFTC) has launched an investigation into the trading firm Jump. The probe specifically focuses on the company’s crypto transactions and their participation in trades and investments. Over the past two years, organizations related to crypto assets have increasingly come under the scrutiny of both the CFTC and the SEC, and almost all these cases have resulted in charges being filed.

3iQ Applies for Spot Solana ETP

Global digital asset investor 3iQ has applied in Canada to launch the first Solana exchange-traded product (ETP). The ETP, named the Solana Fund, would offer Canadian investors exposure to SOL without requiring them to use blockchain-related technology. If approved, the product would be listed on the Toronto Stock Exchange under the ticker QSOL.

Pyth Partners with Morpho and Gauntlet Developers

Oracle service provider Pyth Network has announced a partnership with the decentralized finance (DeFi) development teams Morpho and Gauntlet. The collaboration aims to utilize Pyth’s low-latency price feeds to offer more efficient and secure lending on Base and Ethereum. Through this partnership, DeFi protocols will receive the most up-to-date market prices, significantly reducing the risk of outdated information leading to incorrect pricing and transaction execution.
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