CoinDesk

Spot bitcoin exchange-traded funds (ETFs) were launched in January and initially attracted billions of dollars in investments. However, the inflows have slowed down in recent weeks, raising questions about the sustainability of the demand. Analysts are examining the investor profiles and motivations behind the initial surge and subsequent stalling of inflows to determine if it was a temporary fad or a more lasting trend.

A significant piece of cryptocurrency legislation, considered the most comprehensive to date, has cleared a congressional committee and is scheduled for a vote by the entire U.S. House of Representatives in the near future. Representative Patrick McHenry has indicated that the House will soon vote on whether to approve this legislation, which aims to provide a regulatory framework for the cryptocurrency industry.

KuCoin, a major cryptocurrency exchange, has paid a fine of $41,000 to India's Financial Intelligence Unit (FIU) following regulatory scrutiny. Meanwhile, Binance, another prominent exchange, is set to face a hearing with the FIU to determine its financial penalty. These developments highlight the increasing regulatory oversight of the cryptocurrency industry in India.

Lawyers representing the cryptocurrency exchange Kraken have filed a motion in a U.S. court, arguing that the claims made by the U.S. Securities and Exchange Commission (SEC) against the company should be dismissed. They contend that upholding the SEC's allegations would result in a significant restructuring of the U.S. financial regulatory framework.

The U.S. House of Representatives is scheduled to vote on Wednesday on a resolution to reject the Securities and Exchange Commission's (SEC) cryptocurrency accounting guidance. The crypto industry has argued that this guidance has discouraged banks from providing services to crypto customers.

A recent survey funded by the Digital Currency Group (DCG) has found that one in five voters in the United States considers cryptocurrency to be a key issue in the upcoming November elections. The survey results highlight the increasing relevance of digital assets and blockchain technology in the political discourse.

Arif Khan, CEO of Alethea, a prominent AI company, delivered a speech at the Consensus 2024 conference. During his talk on the AI Stage, Khan predicted that in the near future, daily tasks such as paying bills and responding to emails will be automated through the use of artificial intelligence technologies.

MetaMask, the popular Ethereum wallet, has announced plans for a significant overhaul of its underlying architecture. This initial step is part of a broader roadmap aimed at enhancing the wallet's functionality and user experience. While specific details are yet to be disclosed, the development signals MetaMask's commitment to staying at the forefront of the rapidly evolving blockchain ecosystem.

A major cryptocurrency trading platform has announced that it will no longer support tokens that were named in recent lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase. This decision comes as regulatory scrutiny intensifies in the cryptocurrency industry, with the SEC taking enforcement actions against several prominent players for allegedly violating securities laws.

Justine Bone, a renowned cybersecurity researcher whose work exposed vulnerabilities in pacemakers leading to the recall of 500,000 devices, has been appointed to lead the new information-sharing and analysis center for cryptocurrency firms. The center aims to enhance cybersecurity measures and facilitate the exchange of threat intelligence within the crypto industry.