SEC Head of Crypto Leaves

Author

Alpha Team
June 17, 2024

👥 SEC Crypto Leader Departure

Leader Steps Down: David Hirsch, head of the SEC's Crypto Assets and Cyber Unit, is leaving the agency. Hirsch, who joined in 2016, played a key role in major enforcement actions against crypto firms.

Key Contributions: Hirsch led significant cases, including actions against BlockFi and BitConnect, recovering millions for investors. His leadership was pivotal in the SEC’s increased scrutiny of the crypto industry.

Future Plans: Hirsch has not disclosed his next steps. His departure signals potential shifts in SEC's crypto enforcement strategy. The agency is yet to announce his successor. Read More.

️ On today's Top Picks:

  1. ✅ Australia approves first Spot Bitcoin ETF.
  2. 🚀 Linea launches Surge Volt 2.
  3. 🪂 ZKSync $ZK Airdrop is live & claimable.
  4. 📶 Deutsche Telekom to mine Bitcoin $BTC & run nodes.

Read time: ⏰ 5 minutes


Crypto News


• Ethereum ETF to launch by July 2nd according to Bloomberg ETF analysts.

• US SEC pushes back against Ripple's $XRP efforts to lower fines.

• ⭐️ US SEC David Hirsch Head of Crypto Asset and Cyber Unit departs agency.

• Teher introduces Alloy by Tether $aUSDT, a new digital asset backed by Tether Gold $XAUT.

• ⭐️ Australia ASX stock exchange approves first Spot Bitcoin ETF.

• Sam Bankman-Fried's forfeited assets have competing claims from 3 separate groups.

Alpha


• ⭐️ Linea launches Surge Volt 2 with several changes.

• Chronicle Protocol launches its Oracle network on OP Mainnet

• List Of Upcoming TGEs, primary listings, & product releases by ICO Analytics.

• Coinbase to launch $EIGEN pre-launch market trading on June 18th.

• ICYMI Earndrop's Weekly Airdrop Claims, Checkers & News.

• ICYMI LayerZero Foundation $ZRO posts 06.20.2024 on X.

Airdrops


• ⭐️ ZKSync $ZK Airdrop is live & claimable.

• Binance airdrops ZKSync $ZK to users who were left out of the initial airdrop.

• DeFi Bridges Airdrop Strategy by Earndrop.

• Azuro to launch $AZUR TGE & airdrop this week.

• Nostra $NSTR Airdrop is live & claimable.

• ICYMI Eigen Phase 2 of the Season 1 $EIGEN stakedrop to launch this week.

Finance News


• ⭐️ T-Mobile $TMUS owner Deutsche Telekom to mine Bitcoin $BTC & run nodes.

• ICYMI MicroStrategy $MSTR to raise $700M to purchase more Bitcoin $BTC.

• ICYMI Elon Musk's $56B pay package approved by Tesla $TSLA shareholders.

Security and Exploits


• SlowMist Weekly Security Repost highlights ~$39M in losses.

• ICYMI UwU Lend exploited again by same attacker for ~$3.7M.

• ICYMI Google discloses security flaw impacting Pixel firmware.

Token Unlocks


• Manta Network / 6.67M $MANTA / ~$9M / JUN 18
• Pixels / 54.38M $PIXEL / ~$20M / JUN 19
• Space ID / 78.49M $ID / ~$44M / JUN 22


Funding


• Qiro Finance, an onchain private credit infrastructure, raises $1.2M in Pre

• Wasabi, an asset-backed leverage trading protocol on Blast, raises $3M in funding led by Electric Capital.

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. . .

That’s it for today’s edition! See you soon.

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