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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
🔵 Ethereum Products See Highest Outflows Since 2022 Ahead of Ether ETFs
Professional investors withdrew over $120 million from ether (ETH)-tracked exchange-traded products in the past two weeks, crypto firm CoinShares said in a Monday report. Such products recorded $60 million in net outflows each the past two weeks, the most since August 2022. Elsewhere, multiasset and bitcoin (BTC) ETPs recorded inflows at $18 million and $10 million, respectively, suggesting sentiment may be turning.
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📉 JUST IN: NFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2.
Several PolitiFi and animal-themed memecoins continued to soar in the second quarter despite the broader market downfall, which NFTs were a part of.
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💰 Bitcoin's Potential Rebound May Face Resistance at $65K, OnChain Analysis Shows
As bitcoin (BTC) looks to recover from the July loss, new challenges loom, with onchain data suggesting a potential resistance at $65,000. The leading cryptocurrency by market value traded nearly 1% higher at $63,200 as of writing, looking to regain some poise after ending June with a 7% loss. June's drop, which reversed May's upswing, mainly occurred due to miner selling and concerns that ETF inflows represent non-directional arbitrage bets instead of outright bullish bets.
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🪙 Tether has introduced the option to pay social security contributions in USD₮ on the TON blockchain in the Philippines.
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💰 SONY to launch Bitcoin and crypto exchange
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💰 Runes TXs on Bitcoin tank over 88% in June
Runes, a new token standard on the Bitcoin blockchain, has seen its daily average transaction count plummet over 88% from its highest point in June. According to Dune Analytics data from Crypto Koryo, the average daily Runes transactions from June 22–28 was 37,820, reflecting a nearly 90% drop from the 331,040 daily average recorded between June 9–15.
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🇧🇴 Bolivia just unbanned Bitcoin
Another country realised that you can't ban Bitcoin; you can only ban yourself from benefiting from it.
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🥇 Dave Portnoy says he will put Bitcoin on Barstool Sports balance sheet if the price dips to the 40k range 🤔
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🇺🇸 SEC looks to end Ethereum staking through MetaMask in new lawsuit
The SEC has filed a new lawsuit against Consensys for alleged violations of federal securities laws. The complaint centers on Consensys’s MetaMask wallet services, specifically the Swaps and Staking features, which the SEC claims have been operating as unregistered broker services since October 2020 and January 2023, respectively. The SEC asserts that Consensys has collected over $250 million in fees from these activities without providing necessary investor protections.
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💰 21Shares files S-1 for spot Solana ETF in the US
Investment firm 21Shares has filed an S-1 form with the U.S. Securities and Exchange Commission for a Solana based exchange-traded fund, one day after rival VanEck submitted a similar filing. -based exchange-traded fund, one day after rival VanEck submitted a similar filing.
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🇺🇸 Ohio Senate candidate "Our Founding Fathers would have been 💰 Bitcoin'ers." ⚡️
- Bernie Moreno
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💰 One of the best Bitcoin explanation I have found so far.
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🔵 Coinbase sues SEC and FDIC, alleging Federal Regulators aim to exclude crypto industry from banking sector. - The Block
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💰 "You will spend 40,000 hours of your life trying to make money, it's worthwhile to spend 100 hours figuring out how to keep it."
- Michael Saylor
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🥷 NEW: Crypto hacks down by 54.2% in June, $176M lost in a month.
Despite a notable decrease in net losses from exploits in June, losses increased by 115% in the second quarter of 2024 compared with the same period in 2023.
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JUST IN: Roaring Kitty (Keith Gill) securities fraud GameStop lawsuit dismissed.
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🇺🇸 US Marshals Service announces partnership with Coinbase to safeguard, trade its large cap digital assets portfolio.
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🥇 The Bitcoin Fear and Greed Index is at its lowest since September 2023 when $BTC was $26K. Probably nothing
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🥇 13 years ago Bitcoin was trading below a dollar. Today is above 63k.
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🟠 Court allows most SEC claims to proceed in Binance suit
Judge Amy Berman Jackson however dismissed the SEC’s claim that BNB is traded illegally on secondary markets, citing the Ripple decision.
Source
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Top 5 Daily Gainers & Losers
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🚨 PayPal founder Peter Thiel still owns Bitcoin, saying, "I didn't buy as much as I should have."
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💰 Dell CEO Michael Dell posts a poll asking what people think “the most important thing" is and Bitcoin was a choice
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Top 5 Daily Gainers & Losers
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💰 Microstrategy's CEO gives an amazing explanation on why MicroStrategy made the decision to buy Bitcoin 🧐
“It’s the biggest innovation in money or property rights in the history of the human race. It’s like fire or electricity, it’s this new monetary protocol which is going to elevate humanity to new levels.”
- Michael Saylor
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💰 Wicked explains why we are not bullish enough on Bitcoin and why he thinks a modest price target is $1,000,000 per $BTC
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💡💡💡: BlackRock says Bitcoin is a hedge against geopolitical uncertainty and monetary risk.
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🥇 Bitcoin hashrate is down nearly 10% off the all-time highs that were hit at the end of April 👀
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