Grayscale Sues SEC For Rejection Of Bitcoin ETF – June 30

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $19,186

Bitcoin price has revisited the $19,000 level this morning, in an apparent loss of support at the key $20,000 mark.

Top-20 altcoins are mostly down, as Ethereum tumbles 7%, BNB drops 3% and Shiba Inu rises above with a 4% advance.

Top Stories for June 30, 2022 πŸ”₯

πŸ‘‰ Grayscale Sues SEC For Rejection Of Bitcoin ETF

Grayscale Investments has sued the Securities and Exchange Commission (SEC) almost immediately following a rejection of its Bitcoin exchange-traded fund (ETF) application.

The SEC cited concerns about market manipulation, the Tether stablecoin and a lack of surveillance-sharing as its reasoning for denying the application – a continuation of the same objections expressed in years of previous Bitcoin ETF rejections.

Grayscale is asking the US Court of Appeals for a review of the SEC’s order, arguing that the agency must allow products that are like other products already trading. In this case, Bitcoin futures ETFs are already widely traded.

πŸ‘‰ OpenSea Suffers Data Breach Leaking Users’ Email Addresses

Major NFT marketplace OpenSea has suffered a data breach, resulting in the leak of users’ email addresses. Opensea has issued a warning to customers saying they should look out for potential phishing attempts.

The leak occurred via an employee of email campaign management platform, who leaked the list to an outside party. Law enforcement has been contacted and an investigation is underway into the leak.

πŸ‘‰ Ethereum Hard Fork Delays Difficulty Bomb Until September

Ethereum has implemented a hard fork called Gray Glacier to delay the difficulty bomb a further 100 days – now set to occur sometime in September.

The difficulty bomb is a feature of the network’s merge process which makes blocks harder to mine of the proof-of-work side, to eventually disincentivize miners from mining on the network.