CoinEasy Newsletter - Summary for Friday, June 13

✅ SEC, Discards DeFi Custody Rules…Withdraws Gensler Era Legacy
- Officially discards the previous ‘Expanded Definition of Exchange and Custody’
- Need to re-discuss the regulatory direction for DeFi exchanges
- Expect to ease regulatory uncertainty

✅ $BTC and $ETH Fall Together Due to Israel-Iran Conflict
- Investors shrink investment psychology due to Middle East geopolitical risks
- $BTC falls to $66K, $ETH to $3.4K
- Need to be wary of increased short-term volatility

✅ Ethereum Supporters Argue “$ETH is Undervalued”
- Market valuation low compared to technical progress
- Highlight L2, blob, and rollup expansion
- Possibility of institutional demand recovery

✅ Galaxy Micro Novagratz “Bitcoin will reach $1 million”
- Long-term target possible if global adoption continues
- Emphasizes inflation hedge and digital gold narrative
- Timing of reaching the peak remains reserved

✅ SEC-Ripple, Urges Final Agreement on $1.25 Billion Fine
- Both sides request a quick court resolution
- Ending years of litigation over XRP
- Expect clear signals to the community and investors

✅ Approval Schedule for Dogecoin, Hedera, Avalanche ETFs Postponed Again
- SEC Announces Extended Review Period
- Attention to whether meme and altcoin-based ETFs will be allowed
- Anticipate market reaction if approved

✅ DTCC, Begins Review of Stablecoin Integration
- Key infrastructure firm for U.S. Wall Street back office
- Attempts to connect traditional financial systems with digital assets
- Potential for tokenized bond and payment innovations

✅ Coinbase, Launches Amex Partner Bitcoin Credit Card in the U.S.
- $BTC up to 4% reward offered
- Expands Web3 collaboration with traditional financial institutions
- Part of onboarding strategy for general consumers

🔗 Source @TheBlock__

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