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Bitwise filed an amended S-1 for its Ethereum ETF ahead of the July 8 deadline. Analysts expect listing within two weeks and potential SEC approval by next week. The ETF includes a sponsor fee waiver for the first $500M, mirroring VanEck’s strategy. #EthereumETF #Update
French Hill says Trump will be more crypto-friendly than the current admin. He backs the FIT21 bill, which sets rules for the SEC & CFTC on digital assets, supporting investors and innovation. This could boost the crypto industry. #CryptoNews
Flare integrates with LayerZero, connecting to 75 blockchain networks, including Ethereum and Solana, and expanding access to over 50,000 dApps. This move boosts secure connectivity, new users, and liquidity. LayerZero has facilitated 134M+ cross-chain messages and secured $50B+ in crypto. #Blockchain #Crypto
KuCoin will enforce a 7.5% VAT on transaction fees for Nigerian users from July 8, affecting those who completed KYC. This move raises questions amid the CBN’s ongoing ban on crypto websites and converting cryptocurrencies to fiat. Speculation exists this tax might lead to formal crypto regulations. #NigeriaCrypto
Crypto trader buys $59M in $ETH, $PEPE, $SHIB, $RNDR, $MATIC, $LINK, $AVAX, and $GRT amid market dip. Notable purchases: 9,425 $ETH worth $30.92M, 957.7B $PEPE worth $9.82M, and 583.7B $SHIB worth $9.63M. Signals confidence in market rebound with upcoming ETH ETF launch. #Update
? Ethereum, Bitcoin, and XRP lead 2024 crypto scam losses, with over $1.5B stolen in the first half. DeFi protocols hit hardest, accounting for 59% of losses. Major hacks include 4,502.9 BTC from DMM Bitcoin and 213M XRP from Chris Larsen’s wallets. Security measures are crucial. #CryptoSecurity
Renowned XRP whale shifts 63M coins ($30.63M) amid Ripple (@Ripple) vs SEC legal battle. Ripple files Notice of Supplemental Authority, referencing SEC vs Binance, yet XRP dips 0.40% to $0.4824. Market remains volatile as Judge Analisa Torres’ ruling is pending. #CryptoNews
Shiba Inu ($SHIB) burn rate surged 8500% on July 3, burning 17.71M tokens. Key wallets: 0x608… (7.77M) and 0xa2d… (4.17M). Despite a downtrend, this could trigger a 28% rebound if support at $0.00001688 holds. Currently, $SHIB trades below its 50-day and 200-day EMAs. #CryptoNews
Gala Games and @AnimocaBrands have partnered to enhance the $GALA token experience. Animoca will facilitate orderly trading and become a GalaChain validator. GALA price rebounded to $0.02623, with trading volume up 38% in 24 hours. Total futures open interest rose to 2.35 billion. #CryptoNews
Spot Ethereum ETFs are set to trade on July 15, with SEC approval expected by July 12. K33 Research predicts up to $5B inflows, absorbing 0.75%-1% of all ETH. This could boost $ETH, outpacing $BTC. #CryptoNews
Ripple and Coinbase are challenging the SEC, leveraging Binance’s recent court win. Ripple highlights a judge’s ruling that XRP sales aren’t securities, questioning the 1946 Howey Test’s relevance. Coinbase calls for clearer rules, citing inefficiencies in SEC practices. This push could reshape crypto regulations. #CryptoNews
Toncoin ($TON) surged 4.5% in 24 hours, 8% over the week, driven by Kazakhstan’s regulatory approval and Pantera Capital investments. Cardano ($ADA) rose 3.5% to $0.418, up 6% weekly, fueled by network upgrades. Both show strong bullish momentum despite market volatility. #CryptoNews
Mike Novogratz, CEO of Galaxy Digital, predicts that favorable U.S. crypto regulations will persist regardless of the election outcome, citing bipartisan support. He emphasizes Bitcoin ($BTC) as a hedge against economic instability. Novogratz expects the next administration to foster innovation and regulatory clarity. #CryptoNews
Circle, a crypto payment firm, has released an ad urging U.S. regulators to establish stablecoin regulations. This follows the 2022 Terra collapse and FTX fall. Circle stresses that clear policies can enhance innovation and protect users, helping maintain the U.S. dollar’s global status. #CryptoNews
