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T-REX launches options trading for its 2X leveraged and inverse Bitcoin ETFs, offering traders more flexibility. This comes as the SEC still hasn’t approved any spot Bitcoin ETFs, despite efforts from firms like Bitwise and Grayscale. #Update #Bitcoin #CryptoNews
Judge Katherine Polk Failla criticized Coinbase’s subpoena for SEC Chair Gary Gensler’s communications, calling it “fatuous.” SEC attorney Jorge Tenreiro argued it was irrelevant. The judge urged Coinbase to revise its request, emphasizing cooperation to streamline discovery in the $COIN case. #Update
Suspicious Bitcoin trades tied to Justin Sun (@justinsuntron), founder of Tron, are flagged by CryptoQuant’s Ki Young Ju. Sun’s $420M long trade on $BTC at $67K, backed by $460M in stUSDT, raises liquidity concerns at HTX Exchange with only $24M in reserves. #CryptoNews
US lawmakers grilled SEC Commissioner Crenshaw on her anti-crypto stance. She emphasized risks in the global crypto market and the need for investor trust. Senator Hagerty criticized her opposition to spot Bitcoin ETFs. Regulatory uncertainty remains a major issue. #Crypto #Update
Binance is aiding the Terra Classic community with the $USTC revival plan, complementing its $LUNC burn campaign. Binance’s efforts have eliminated over 62 billion $LUNC tokens. The price of $LUNC rose by 1% to $0.00007192, and $USTC climbed by 0.50% to $0.01608. #CryptoNews
Renowned economist Peter Schiff predicts gold will outperform Bitcoin amid expectations of triple rate cuts by the U.S. Federal Reserve in 2024. Gold surged over $30, trading above $2,400 after cooling inflation data. ETFs like $GDX and $GDXJ hit new 52-week highs. #Update
Tether announced it will stop accepting redemptions of $USDT and $EURT on Algorand, EOS, Omni, and Kusama blockchains starting Sep 1, 2025. Tokens on these blockchains will be frozen. Users should redeem or migrate their holdings. This follows Tether’s launch of $USDT on the Ton blockchain. #Update
Madden Securities Corp dives into crypto, investing $1.67M in Bitcoin ETFs including $520,953 in Grayscale’s GBTC. This move marks a significant institutional adoption trend, with $147M inflows into the market. Notable ETFs: Grayscale, VanEck, BlackRock, Fidelity’s FBTC ($57.8M). #CryptoNews
Two altcoins, $GAL and $POLYX, surged over 8% due to new listings on South Korean exchanges UPbit and Bithumb. $GAL trading volume skyrocketed 737% to $198M, while $POLYX saw a 500% rise to $81.2M. #Update
Ripple CTO David Schwartz criticizes GOP’s stance on CBDCs, calling it “crazy.” He argues CBDCs bring innovation and should compete fairly. Despite some in crypto citing privacy concerns, Schwartz sees the debate on digital assets as progress. He warns of potential downsides to an anti-crypto stance. #Update
Animoca Brands’ Mocaverse NFT ecosystem’s omni-chain token, $MOCA, is now listed on major exchanges including Bybit, HTX, BitMart, CoinList, MEXC, and KuCoin. Mocaverse also launched “Staking Power,” rewarding $MOCA holders with exclusive benefits. With 8.88B $MOCA supply, over half supports community operations. #CryptoNews
Binance will delist key margin pairs $BTC/$TUSD and $TUSD/$USDT on July 24, 2024. Isolated margin borrowing for these pairs halts on July 12, 2024. TUSD balances in Cross Margin Wallets convert to $USDT automatically, impacting new positions. #CryptoNews
Germany sold 1125 BTC through Coinbase, Kraken, and Bitstamp as part of liquidating seized assets from a movie piracy site. The BTC price remained stable at $57K. Germany’s reserves are now 13,177 BTC, down from 50,000 in June 2024. #Cryptocurrency #Update
Bitcoin rebounds to $58K after a recent sell-off. On-chain data shows a 2-month high in wallets holding over 10 BTC. Whale and shark wallets surged in July, adding 261 more wallets. Custodial wallets amassed 85K BTC, reflecting long-term confidence. #Crypto #Bitcoin
