Crypto weekly: Asset management giant Fidelity discloses $4.7 million seed investment in Ethereum ETF: SEC filing; Kraken Says Hackers Turned to ‘Extortion’ After Exploiting Bug for $3M.

Welcome to our cryptocurrency events review. The last few days were full of interesting news from the world of digital assets. Next week also promises to be full of events that may affect the overall market picture.

Review of the past week:

June 17, 2024 SEC’s Head of Crypto Asset and Cyber Unit departs after nearly nine years.
David Hirsch, the head of the United States Securities and Exchange Commission’s Crypto Asset and Cyber Unit in the Division of Enforcement, has left the agency after nearly nine years. Read more
June 19, 2024 Crypto Token Ether Rallies on Claim About SEC’s Ethereum Probe.
Ethereum developer claims SEC is closing probe of blockchain. Read more
June 19, 2024 Kraken Says Hackers Turned to ‘Extortion’ After Exploiting Bug for $3M.
The bug found by a “security researcher” led to nearly $3 million stolen from Kraken’s treasuries. Read more
June 21, 2024 StanChart Plans Spot Crypto Trading Desk for Bitcoin, Ether.
Cryptocurrencies are gaining wider institutional adoption. Read more
June 21, 2024 Asset management giant Fidelity discloses $4.7 million seed investment in Ethereum ETF: SEC filing.
FMR Capital, Inc., an affiliate of Fidelity, bought 125,000 shares at a price close to $37 each in June, according to the amended SEC filing. Read more


What’s coming up for us this week:

June 27, 2024 U.S. Gross Domestic Product (GDP).
Gross Domestic Product (GDP) will be published on June 27, 2024, at 12:30 P.M. UTC. Read more
June 28, 2024 U.S. Federal Reserve Monetary Policy Report.
The Federal Reserve Board will report on monetary policy on June 28, 2024, at 03:00 P.M. UTC. Read more


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Best regards,
FYBIT team