Chinese billionaire Miles Guo gets 30 years in $1B crypto fraud case

In crypto news today (June 30), BTC USD continues to trade under $60,000, with the monthly close today likely to dictate the price action for July. Liquidations continue to slow, with only $286M in positions liquidated over the past 24 hours, down from over $1Bn just last week. This week saw ETF flows continue in.. The post Crypto News Today (June 29): BTC Still Under $60K, Strategy Pivots to Buybacks and the US Jails Billionaire for $1Bn Crypto Fraud appeared first on 99Bitcoins.

The SEC alleged that NanoBit’s crypto trading platform was fake and that hundreds of thousands of dollars in investor funds were misappropriated.

An on-chain bitcoin metric that previously flashed at every cycle bottom since 2016 has triggered again as more investors sell at a loss during the current correction. Bitcoin Metric Drops to Levels Last Seen Near Market Bottoms Market data shows bitcoin investors are increasingly realizing losses, with a key on-chain indicator flashing a capitulation signal […]

The case underscores the urgent need for stricter regulations and oversight in the crypto sector to protect investors from fraudulent schemes. The post Miles Guo sentenced to 30 years for $1B fraud scheme built on fake crypto and broken promises appeared first on Crypto Briefing.

The expanded tax break may exacerbate wealth inequality and strain federal and state budgets, prompting debates on tax policy fairness. The post Trump administration criticizes rapid expansion of tax break for founders and investors appeared first on Crypto Briefing.

Institutional investors reportedly reduced Bitcoin and Ethereum ETF exposure while XRP and HYPE wrappers continued to attract inflows.

US spot Bitcoin ETFs reportedly recorded $4.06 billion in monthly outflows as institutional investors reduced BTC exposure.

Investors may face increased volatility and asset repricing as they adjust to the Fed's firm stance on controlling inflation. The post Citadel warns investors underestimate Fed Chairman Warsh’s inflation resolve appeared first on Crypto Briefing.