Hakan Ateşler 
Discussions on the “Bill on Amendments to the Capital Markets Law”, which includes many regulations against cryptocurrencies, started at the TBMM Plan and Budget Commission. Some MPs objected to the meeting, stating that the bill should be discussed in sub-commissions in the first place. AK Party Ankara Member of Parliament Omer Ileri also made a presentation to the commission on the subject.
Interior Minister Ali Yerlikaya made a statement on X, stating that 127 people were arrested in an operation against a cryptocurrency trading platform called “Smart Trade Coin”. It is stated that the suspects made unfair gains of around $1 billion.
The approval of Ether spot ETFs by the SEC has the cryptocurrency industry turning to Ethereum ecosystem tokens. While a whale made a hefty $10 million purchase on Binance earlier this morning, the investor seems to have favored altcoins that have attracted recent attention.
Trump’s positive statements on cryptocurrencies have also mobilized the Biden administration, which thinks that the election race will be comparative. The news coming from the US, especially in the last 2 weeks, is that the Biden administration has had positive meetings with the players of the industry and has taken their opinions for the laws to be enacted on cryptocurrencies…
The draft law to regulate the cryptocurrency sector in Turkey is much talked about, while the impact analysis report of the proposed law also contains striking data. The figures show that Turkish cryptocurrency investors hold about $7 billion on exchanges and, in fact, still do not fully realize the importance of personal storage.
Following the SEC’s approval of the 19b-4 forms, steps are slowly being taken to list funds on exchanges. The DTCC listing, one of the most important of these steps, came for Fidelity after BlackRock, VanEck and Franklin Templeton.
Another bad news for the SEC, which has recently suffered serious defeats in courtrooms, came in the DEBT Box case. In the case, which started in July 2023, the judge reserved the SEC’s right to make the same accusation at a later date, but also dismissed the case. The DEBT Box company described the result as a “historic victory”.
The New York Stock Exchange has partnered with Coindesk’s index unit. The exchange will create and list cash-settled options products that track the spot price of Bitcoin. Approval from the regulator will be required to list these products.
A meme coin trader appears to be making the same moves that caused him to make a big loss on Shiba Inu. This person, who bought SHIB at the peak during the previous bull season and sold it at a loss of $2.5 million, now bought PEPE at the peak levels.
A person who invested in Shiba Inu when it was perhaps unheard of has sold after more than 3 years of waiting and raised $1.2 million. The investor bought SHIB tokens in January 2021.