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

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

In the following, we will look at some of the most important crypto news of the past seven days.

Let's dive in.

The most important Crypto news this week

The list is in chronological order from June 15.

Crypto investment reached $1 billion in May, topped by Ethereum. According to a report published by KuCoin Research, the crypto industry saw around 156 investments go public in the month of May. The total amount of these investments came to about $1.02.

Nigeria drops tax evasion charges against Binance executives While the executives remain defendants in the money laundering case filed by the country's EFCC, the authorities dropped the tax evasion charges against them. This is evident in a report by Nigerian journalist Alexander Onkwue.

ConsenSys Announces SEC to Close Investigation into Ethereum US-based crypto-focused firm ConsenSys has announced that the US Securities and Exchange Commission has decided to close its investigation into Ethereum. Investors saw this as a big win, and the price of ETH rose in response.

Financial advisors are wary of investing in spot Bitcoin ETFs. According to Samara Cohen, Chief Investment Officer of Index Investments at BlackRock, financial advisors should exercise caution when allocating money to crypto. They mention the dynamics and childhood in it.

Microstrategy buys another huge batch of bitcoins. A business intelligence firm led by Michael Saylor has announced the purchase of 11,931 BTC worth nearly $800 million. The company now owns nearly $8.3 billion worth of bitcoins.

Kraken has confirmed that it recovered money from the controversial Whitehat hack. In what seems to be the end of the drama between Kraken and Certic, the cryptocurrency exchange has confirmed that all funds have been returned. This was made clear by Kraken's chief security officer this Thursday.

Polkadot abundance developments: an ecosystem recap. Recently, Polkadot saw the launch of the Join-Accumulate machine protocol while being the title sponsor of Coinfest Asia 2024 in Bali.

Ripple CEO's Important Clarifications in California Lawsuit Ripple CEO Brad Garlinghouse hailed the latest developments regarding the civil lawsuit filed against him in California as a major victory. The company's legal officer also confirmed that the previous ruling in New York was unsettled.

To launch a formal Chartered Bitcoin and Ether trading desk. British multinational bank Standard Chartered is set to launch a trading desk that will focus on both Bitcoin and Ethereum, according to recent reports. This makes it the first international bank to participate in spot crypto trading.

Fidelity Will Seed ItEtherum ETF For $4.7 Million The long-awaited Ethereum ETF is underway, and documents show that Fidelity will seed their product with $4.7 million. However, their fees remain undisclosed.

That about sums it up. These are the most important crypto news of the last seven days. Stay tuned for regular updates like this!