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SEC allows some exceptions to crypto accounting rule compliance, opens path for banks and brokerages to avoid reporting their customers’ crypto holdings on their balance sheets — link

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Bloomberglaw

SEC Allows Some Exceptions to Crypto Accounting Rule Compliance

The SEC has opened a path for banks and brokerages to avoid reporting their customers’ crypto holdings on their balance sheets. But companies must offset risks those assets pose in order to bypass the controversial crypto accounting guidance.

Bitcoin prices are hovering very close to the average cost of production for Bitcoin miners — link

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Mt Gox creditors may have to wait for up to three months to receive their Bitcoin — link | tl;dr

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The Block

Mt Gox creditors may have to wait for up to three months to receive their bitcoin

The timeline for creditors to receive bitcoin or bitcoin cash repayments varies depending on their custodians.

Mt. Gox begins repayments in Bitcoin and Bitcoin Cash — link | tl;dr

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Coindesk

Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash

The defunct crypto exchange announced last month that it will begin repayments in July.

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Coinbase and Stripe team up to expand global adoption of crypto — link

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Coinbase

Coinbase + Stripe team up to expand global adoption of crypto

Stripe and Coinbase have announced a partnership to increase onchain adoption and provide faster, cheaper financial infrastructure. Stripe will add support for Base across its crypto product suite to offer users faster and cheaper money transfers

US Government sends 3,940 BTC (~$240M) to Coinbase a day after getting approval to sell by Judge — link

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MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per Bitcoin — link

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