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SEC is set to approve the first U.S. Ethereum ETFs by mid-July, following successful Bitcoin ETF launches. Major firms like BlackRock and Fidelity are ready to introduce their Ethereum ETFs, with YieldMax aiming for an innovative Ether Option Income Strategy ETF. $ETH price up 50% this year.
Tether partners with Turkish crypto firm BTguru to advance digital assets and blockchain in Turkey. The MoU focuses on education, business opportunities, and integrating digital assets into banking. Key initiatives include tokenizing real-world assets and exploring regional payment networks. #CryptoNews #Turkey
A U.S. Court has approved Consensys’ request for an expedited hearing against the SEC. The case, centered on whether the SEC can regulate MetaMask as a securities broker, could set a precedent in crypto regulation. Initial discovery is due by Aug. 16. #CryptoNews
Tools for Humanity, part of Sam Altman’s Worldcoin project, hires ex-Google, Apple, and X employees to boost privacy and security. New team includes Damien Kieran (Chief Privacy Officer) and Adrian Ludwig (Chief Info Security Officer). $WLD token rises 1.72% to $2.31. #CryptoNews
Bitcoin miners face forced selling due to reduced rewards and lower fees. Since the halving, rewards dropped to 3.125 BTC, fees plummeted 90%, and mining costs rose. Major miner $MARA sold 390 BTC in May. Miners explore alternatives like Kaspa and mergers for efficiency. #Bitcoin #CryptoNews
$XRP surged 1.40% to $0.4873 on July 2 as 3 billion XRP were moved, including 1 billion unlocked from escrow and 800 million locked back. Whale Alert reported 30.76 million XRP moved to Bitstamp. Analysts predict a 25% rally on bullish indicators. #CryptoNews
Binance to add new trading pairs for $WIF, $ZK, and $ZRO on July 3, 2024, at 14:00 UTC. This includes WIF/BRL, ZK/USDC, and ZRO/USDC. New Trading Bots & Spot Algo Orders aim to boost efficiency and market liquidity. #Crypto #Binance #Update
German gov’t transferred 832 Bitcoins ($BTC) worth $50M to exchanges like @Bitstamp, @Coinbase, and @krakenfx, reducing its holdings by 10%. Originally holding 50K BTC seized from pirates, it now holds 43,859 BTC worth $2.74B. Bitcoin now trades at $62,442. #CryptoUpdate
Terra Classic Foundation delegates 30M more $LUNC to Hexxagon, totaling 930M $LUNC to boost the Terra Luna Classic ecosystem, including platforms like Galaxy Station and Finder. Despite mixed reactions, this aims to strengthen infrastructure and potentially attract more investors. Current $LUNC price: $0.00008063. #Update
Bitcoin ETFs saw $129M inflows on July 1, marking the fifth consecutive day of gains, led by Fidelity with $65M. Despite miners selling 2,300 BTC, Bitcoin’s price dipped 1.09% to $62,543.33. RSI at 43 suggests potential volatility. #Bitcoin #BTC
PostFinance, a Swiss govt-owned bank, now offers trading for $XRP, $SOL, $AVAX, $ADA, and $DOT. This follows their 2023 partnership with Sygnum Bank to provide regulated crypto services. Switzerland’s Crypto Valley in Zug strengthens its leadership in digital assets.
Arthur Hayes, co-founder of BitMEX, claims Bitcoin’s blockchain offers superior value transfer over gold due to its efficiency and digital transactions. Highlighting the Federal Reserve’s dollar devaluation, he positions Bitcoin as a new stateless currency. Bitcoin has outperformed gold, capturing some of its market appeal. #Bitcoin
SEC sues Silvergate Bank for alleged securities fraud, non-compliance with anti-money laundering rules, and failure to disclose critical deficiencies. Silvergate agrees to $63M settlement; former CEO Alan Lane and ex-COO Kathleen Fraher face fines and bans. #CryptoRegulation
Paxos Digital Singapore Pte. LTD. has received approval from Singapore’s central bank to offer digital payment token services, enabling them to issue stablecoins. This places Paxos among 19 major payment institutions, in collaboration with DBS Bank. This marks a significant step towards integrating cryptocurrencies into mainstream finance. #CryptoNews
