The Most Important Crypto News This Week (June 15-22)

This week has been very exciting in terms of developments in the cryptocurrency industry.

Below, we take a look at some of the most important cryptocurrency news of the past seven days.

Let's dig deeper.

Top cryptocurrency news this week

The list is arranged chronologically, starting June 15.

Cryptocurrency investments hit $1 billion in May with Ethereum dominating. According to a report published by KuCoin Research, the cryptocurrency industry saw public disclosure of about 156 investments in the month of May. The total amount of these investments amounts to approximately $1.02.

Nigeria drops tax evasion charges against Binance executives While the executives remain defendants in the money laundering case brought by the country's Financial Crimes and Corruption Commission, authorities have dropped tax evasion charges against them. This was clearly stated in a report by Nigerian journalist Alexander Onwukwe.

ConsenSys announces that the SEC has closed its investigation into Ethereum. US-based cryptocurrency-focused company ConsenSys announced that the US Securities and Exchange Commission has decided to close its investigation into Ethereum. Investors saw this as a big win, and Ethereum prices rose in response.

Financial advisors are wary of investing in spot Bitcoin ETFs. According to Samara Cohen, chief investment officer for index investing at BlackRock, financial advisors remain somewhat cautious when allocating money toward cryptocurrencies. They cite the inherent vagaries and vicissitudes of childhood.

MicroStrategy Buys Another Huge Batch of Bitcoin The business intelligence firm led by Michael Saylor announced the purchase of 11,931 Bitcoin, worth approximately $800 million. The company now owns approximately $8.3 billion in Bitcoin.

Kraken confirms the return of funds from the controversial Whitehat hack. In what appears to be the end of the drama between Kraken and Certik, the cryptocurrency exchange has confirmed that all funds have been returned. This was clarified by Kraken's chief security officer on Thursday.

The many developments in Polkadot: a summary of the ecosystem. Recently, Polkadot saw the introduction of the Join-Accumulate Machine protocol while also becoming a major sponsor of Coinfest Asia held in Bali later in 2024.

Ripple CEO provides important clarifications about the California lawsuit. Ripple CEO Brad Garlinghouse rated the latest developments regarding the civil lawsuit filed against him in California as a major win. The company's legal officer also confirmed that the previous ruling in New York had not changed.

Standard Chartered launches Bitcoin and Ethereum trading desk According to recent reports, British multinational bank Standard Chartered is ready to launch a trading desk focused on both Bitcoin and Ethereum. This would make it the first global bank to participate in spot cryptocurrency trading.

Fidelity will fund its Ethereum ETF with $4.7 million The long-awaited ETF is currently underway, and documents reveal that Fidelity will fund its product with $4.7 million. However, their fees remain undisclosed.

That sums it up. These are some of the most important cryptocurrency news over the past seven days. Stay tuned for regular updates of this kind!