30296
We understand you don’t have time to go through long news articles everyday. So we cut the clutter and deliver them, in Short word . Admin: @Dennis_Trader
💰 Ripple CEO and Legal Chief Reflect on Landmark Victory Against SEC Over XRP
Ripple’s chief executive and chief legal officer have reflected on the crypto firm’s win against the U.S. Securities and Exchange Commission (SEC) regarding XRP as the anniversary of the court ruling approached. The CEO described the ruling as a milestone for both Ripple and the cryptocurrency industry. “The court’s ruling that XRP is not a security will not change,” Ripple’s legal chief emphasized, noting that “even the SEC told the court it will not challenge that conclusion.”
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🇵🇾 Paraguayan Senate Passes Law Imposing up to 10 Years of Jail Time on Crypto Miners for Electricity Theft
The Paraguayan senate has passed a series of reforms that changed penalties for energy and cryptocurrency mining-related energy theft. Now, individuals and companies found to be stealing energy for cryptocurrency mining activities will face jail time for up to 10 years, while energy theft for other purposes will face penalties for up to three years.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🇺🇸 Coinbase believes crypto voters will play major role in US Presidential elections
Coinbase said crypto voters will play a significant role in the upcoming US presidential election and have the potential to impact key battleground states. The exchange pointed to several surveys and studies conducted on its behalf to gauge the extent of crypto adoption among American voters. It added that surveys have revealed that crypto is a decidedly bipartisan issue.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Bitcoin whales are accumulating at their fastest rate since April 2023: CryptoQuant
Bitcoin long-term holders are adding to their holdings at the fastest monthly rate since April 2023, according to CryptoQuant analysts. "Bitcoin whales have been increasing their holdings at a monthly growth rate of 6.3%, the fastest pace since April 2023, indicating rising demand for bitcoin," CryptyQuant said. Wednesday's market report from the analytics firm noted that the increase in bitcoin demand from long-term holders is supporting the digital asset's price.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🇩🇪 German receives small CoinJoin deposits amid ‘negligible’ $326 million Bitcoin sales
The German government’s Bitcoin wallet received a small amount of Sats from a CoinJoin address amidst its significant selling activity. On-chain data from the crypto analytical platform Arkham Intelligence revealed that the German government wallets received less than $10 in three transactions from CoinJoin addresses today.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🇩🇪 German Government Prepares To Sell Another $900 Million In Bitcoin
The government of Germany began readying for its biggest Bitcoin dump yet on Monday, sending $900 million worth of the digital currency to trading venues. It stated the government sent 2738.7 BTC ($155.3 million) to “likely exchanges and market makers” including Kraken, Cumberland, an unidentified address, and an address likely related to an institutional or over-the-counter (OTC) trading service. Cumberland and the unidentified address were first-time recipients of government coins.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Germany's Bitcoin Wallet Dips Below 40,000 BTC After Weekend Transfer
This weekend, the German government’s wallet transferred another 1,400 BTC, valued at $80.12 million, according to the latest Arkham Intelligence data. This action followed recent deposits of approximately 1,915 BTC. On that day, the wallet held 41,226 BTC, but it now holds 39,826 BTC, worth $2.28 billion using BTC exchange rates on July 7. The wallet’s transactions have unsettled the crypto community, casting a shadow over the market in recent weeks.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 German Politician Criticizes the Government's Bitcoin Sell-Off Strategy
A pro-Bitcoin member of the German Bundestag, Joana Cotar, has publicly criticized the government's decision to sell off its substantial BTC holdings. Cotar's stance comes in the wake of hundreds of millions worth of Bitcoin being transferred from government wallets to exchanges and trading desks, signaling the commencement of a large-scale liquidation process.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Mt. Gox moves $2.7B in Bitcoin to new wallet address
The collapsed Japanese crypto exchange Mt. Gox has transferred 47,229 Bitcoin (BTC) — worth $2.71 billion at current prices — to a new wallet address in its first major transaction since May. According to blockchain analytics platform Arkham Intelligence, the exchange transferred the Bitcoin at 12:30 am UTC on July 5 out from “cold storage."
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 CryptoQuant says 'extremely underpaid' bitcoin miners' capitulation is a possible bottom signal
Since Bitcoin's latest halving event on April 19, which cut the reward for mining a new bitcoin block in half, the world's largest cryptocurrency has begun showing signs of miner capitulation as miners likely turn off underperforming machines and begin to sell bitcoin to hedge their exposure. There are various signs of miner capitulation, which historically has indicated a bottom in prices, according to CryptoQuant, which notes that for most of the period since April, miners have been "extremely underpaid" according to the data provider's metrics.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🪙 Galaxy expects spot Ethereum ETF in July, is optimistic about more crypto ETFs
Galaxy Digital head of asset management Steve Kurz said the SEC could approve a spot Ethereum ETF before the end of July and described prospects for other crypto ETFs. Kurz said Galaxy has worked with the SEC on applications for months and noted the firm’s upcoming spot Ethereum ETF is similar to its existing spot Bitcoin ETF (BTCO). Galaxy created both funds in partnership with the investment management firm Invesco.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 VanEck’s Matthew Sigel confirms Solana ETF is a bet on Trump victory
VanEck Head of Digital Assets Research Matthew Sigel confirmed speculation that the company’s Solana spot ETF proposal bets on Donald Trump winning the US presidency. The deadline for VanEck’s application is set for March 2025, which would put it well beyond the aftermath of the US Presidential elections in November. Another issue seen as a hurdle to potential Solana ETF is the lack of a futures market on CME, which experts believe was a key factor in spot Bitcoin and Ethereum ETFs gaining the regulatory green light.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
📊 Number of crypto ATMs installed nears its all-time record
The number of cryptocurrency ATMs installed worldwide has spiked 17.8% to 38,279 over the last 12 months — inching closer to its record of 39,541 set in December 2022. As of 2024, there have been 2,564 new cryptocurrency ATMs installed, indicating a positive trend compared to the net loss of 2,861 machines in 2023, according to Coin ATM Radar.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Solana ETF Approval Odds Rise Amid Potential Political Shifts, Analyst Says
Bloomberg’s senior ETF analyst has stated that the odds of a Solana exchange-traded fund (ETF) being approved within the next 12 months are closely linked to the likelihood of a change in the U.S. presidency. He noted that it is “safe to say the chances of both are higher today than they were yesterday.”
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Solana ETF possible with a change in POTUS, SEC: Balchunas
A spot Solana exchange-traded fund in the United States may only be possible with a change in the administration and the head of its securities regulator, according to Bloomberg ETF analyst Eric Balchunas. Matthew Sigel, head of digital assets research at VanEck, said the new fund, called the VanEck Solana Trust, aims to capitalize on Solana’s decentralized nature, high utility and economic feasibility.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
📊 Bitcoin and ether slide as equities sell-off despite rising rate-cut expectations
Bitcoin, ether, and other major altcoins fell further on Friday alongside equity indices, despite indicators boosting the odds that the U.S. Federal Reserve could begin a rate cut cycle in September. The bitcoin price traded lower over the past 24 hours, down 3% to change hands for $57,189 at 7:51 a.m. ET, according to The Block's Price Page. Major altcoins such as ether and Solana also fell 2% and 5%, respectively, in the same period.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 US Bitcoin ETFs Continue Inflow Streak, Funds Now Hold 4.47% of BTC’s Market Cap
The U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows on Thursday, marking five consecutive trading days of positive movement. The ETFs accumulated $78.93 million, with Blackrock’s IBIT leading by bringing in $72.09 million. Among the 11 spot bitcoin ETFs trading in the U.S., a total of $78.93 million was recorded in inflows, with IBIT capturing the bulk by securing $72.09 million. At the time of writing, data from the IBIT web portal indicates that Blackrock’s BTC fund now holds 314,204.3 BTC.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🇺🇸 SEC drops its investigation into BUSD stablecoin following probe into Paxos
The U.S. Securities and Exchange Commission has said it does not plan to recommend an enforcement action against Paxos following a probe into stablecoin Binance USD. Paxos said it received a "formal termination notice" on July 9, which said the SEC would not recommend enforcement against the firm in the investigation of BUSD. Fortune first reported the news.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Post-halving volatility triggers significant Bitcoin futures liquidations
Over the past month, Bitcoin has experienced notable price fluctuations, with the price dropping from around $60,000 in mid-May to below $55,000 by early July. This period saw spikes in futures long liquidations, suggesting significant volatility in the market. In early March, as Bitcoin’s price surged toward $70,000, liquidations also spiked exceeding — $180 million. This trend highlights the high-risk nature of leveraged trading during periods of rapid price movement.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟
Stay ahead with:
- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.
Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!
🔗 Join now: @Cryptocurrency_Inside
#advertising
🪙 Tether 24 hour trading volume surpasses Bitcoin, Solana, USDC and Ethereum combined
Tether USDT’s 24-hour trading volume exceeds the combined total of the following five digital assets, including Bitcoin and Ethereum. As CryptoSlate data indicates, Tether (USDT) maintains a higher volume than Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Solana (SOL), and First Digital USD (FDUSD), pointing to its significant presence in the market. Specifically, Tether recorded a 24-hour volume of over $55 billion, far surpassing Bitcoin’s $28 billion and Ethereum’s $15 billion.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟
Stay ahead with:
- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.
Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!
🔗 Join now: @Cryptocurrency_Inside
#advertising
🪙 Grayscale Ethereum Trust discount to NAV quietly switches to a premium ahead of anticipated spot ETF launch
The Grayscale Ethereum Trust (ETHE) is no longer trading at a discount to net asset value (NAV) ahead of the anticipated launch of spot Ethereum exchange-traded funds in the U.S. Having previously traded at a discount for the last three years, ETHE reached a premium to NAV of 0.31% on July 3, ahead of the Independence Day holiday, according to YCharts data. Premium or discount to NAV indicates how much above or below the market price of each share is compared to the value of the ether it represents.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Bitcoin tumbles as whale sells 3,500 BTC, $310 million liquidated in 24 hours
According to CryptoSlate’s data, Bitcoin’s price has dropped approximately 6% in the past 24 hours, breaking the $58,000 mark to fall to as low as $56,900. Market observers warned that if the heavy selling action continues, this decline could be a precursor to a decline in the flagship digital asset’s price to the low $50,000s. Earlier today, blockchain analyst Lookonchain identified a whale that sold 3,500 BTC for $206 million in five hours through the Binance exchange.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Lido sees around 100k increase in staked Ethereum amid SEC scrutiny
Lido has reported a rise in staked Ethereum on its platform despite the US Securities and Exchange Commission (SEC) classifying its staking programs as securities in its lawsuit against Consensys. A July 2 report showed that Lido users staked an additional 95,616 ETH between June 24 and July 1. This increased the total value of assets staked on the platform by 1.26%, reaching $33.48 billion.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Bitfinex report notes renewed profit realization by long-term bitcoin holders
Bitcoin long-term holders, who had paused profit-taking since early May, appear to have begun selling off their holdings again, according to Bitfinex analysts. "Long-term holders of bitcoin are resuming their sales, and continued high levels of profit realization by long-term holders means the near-term outlook for bitcoin is vulnerable." Bitfinex analysts said.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🏴 Aptos Foundation proposes deploying Aave V3 on Aptos Network
The Aptos Foundation, an organization supporting the development of Layer 1 blockchain Aptos, has proposed deploying a version of Aave V3, the open-source liquidity protocol governed by the Aave DAO, on the Aptos mainnet. The proposal is currently in the "temperature check" phase, an early-stage process involving gathering feedback from Aave's governance community before progressing further.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
🔵 Coinbase to launch CFTC-regulated futures trading for 5 altcoins
Coinbase Derivatives plans to launch margined futures contracts for Avalanche (AVAX), Chainlink (LINK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHIB). On June 28, the service published an announcement and submitted filings to the CFTC to list each contract under a self-certification model.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Wall Street blends digital gold Bitcoin with physical gold in new ETF filings
Traditional financial institutions are finding new ways to offer investors access to digital assets via exchange-traded funds (ETFs). On June 27, Henry Jim, an ETF Analyst with Bloomberg Intelligence, reported on three ETF products that would provide investors access to Bitcoin, Gold, Ethereum, and MicroStrategy. Tidal Investments and Quantify Chaos Advisors have jointly filed a prospectus for a new ETF offering indirect exposure to Bitcoin and Gold.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Marathon Digital expands into altcoin mining to diversify revenue streams post-Bitcoin halving
Marathon Digital, the largest public Bitcoin miner by market cap, announced late Wednesday it had expanded into altcoin mining to diversify its revenue streams following Bitcoin's latest halving event. The altcoin in question is Kaspa, with Marathon deploying its first Kaspa application-specific integrated circuit (ASIC) miners in September 2023. In total, Marathon said it has purchased around 60 PH/s of Antminer KS3, KS5 and KS5 Pro ASICs from manufacturer Bitmain, each of which it claims can generate up to 95% profit margins given the current network difficulty rate and price of KAS.
Source
🔹 @Crypto_Ethereum_Bitcoin 🔹