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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 ✔️
🇩🇪 German government sell-off continues, pressures Bitcoin below $58,000, lowest since May
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JUST IN: 💰 The largest US Bitcoin miner Riot Platforms increased their hash rate 50% in just one month
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💰 Over 110 businesses are now building on Bitcoin in Africa 🌍
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💰 ETF trading volumes on decline, failing to hit $3 billion since mid-May
On July 2, Bitcoin (BTC) exchange-traded funds (ETFs) experienced their first outflow of July, as reported by Farside. The day saw a $13.7 million outflow, breaking a five-day trading streak of consecutive inflows. Leading the day’s activity was Grayscale’s GBTC, which recorded a substantial $32.4 million outflow, bringing its total net outflow to a staggering $18.5 billion.
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JUST IN: 🇨🇭 The City of Lugano, Switzerland launches "Plan ₿ Biz School" to teach student about Bitcoin
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JUST IN: 💰 Anthony Pompliano on Fox Business: The "majority of people who hold Bitcoin are not selling it when it goes down it price."
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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.
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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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💰 Blackrock ETF holds 307,206 #Bitcoin, worth $19 billion
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JUST IN: 💰 $BTC falls 4.2% amid potential Mt. Gox repayments. Will the $60K support hold or break?
The defunct crypto exchange may have started repaying creditors, based on a Bitcoin transfer volume chart for tokens last moved during the past seven to 10 years.
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🥇 Michael Dell is worth over $100 billion and Fox Business just told the world he’s focused on Bitcoin
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🇨🇷 Bitcoin is now accepted in over 380 businesses in Costa Rica
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💰 $700M in Bitcoin shorts will be liquidated at $65,000!
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🔵 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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