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Solana ($SOL) surged 3.78% to $148.15, leading weekly gains among top 10 assets with a 16% rise. The total crypto market cap hit $2.31 trillion, up 2.33% in 24 hours. Spot Solana ETFs and institutional inflows are key drivers. #CryptoUpdate
Charles Hoskinson, founder of Cardano ($ADA), urges voters to prioritize crypto policies in the U.S. elections. He criticizes Biden’s administration for “regulation by enforcement,” stifling innovation and causing job losses. This sentiment echoes throughout the crypto community, including leaders like @MessariCrypto’s Ryan Selkis. #CryptoRegulation
The SEC is reviewing public comments on Hashdex’s proposed Bitcoin ($BTC) and Ethereum ($ETH) ETF. This ETF aims to offer institutional investors exposure to both cryptocurrencies, managed by Hashdex and administered by Tidal ETF Services. Decision expected by March 2025. #CryptoNews
Coinbase Prime has won a $32.5M contract with the U.S. Marshals Service to manage seized digital assets, marking a significant step in government adoption of blockchain for asset management. This move reflects growing trust in the security and viability of digital currencies. #CryptoNews
Circle becomes the first stablecoin issuer to comply with the EU’s MiCA regulation, securing an E-Money license for $USDC and $EURC. The firm, now headquartered in France, aims for compliance and security, holding EURC reserves in a French entity. #Crypto #MiCA
Bitcoin ($BTC) sees significant volatility, currently at $62,743.35 (+2.04% in 24h), driven by lower-than-expected US ISM Manufacturing PMI data (48.5 vs. 49.1). Strong demand for its spot ETF product and recent halving support potential price rebound. #Bitcoin #CryptoNews
Binance burned 1.7B $LUNC tokens on July 1, pushing its total LUNC burn to nearly 62B since 2022. The Terra Luna Classic community has now burned over 125B tokens, with Binance contributing more than 50%. Prices of $LUNC and $USTC rose 1% and 2% respectively. #Update
Ethereum whale 0x2Eb08 moved 7,000 $ETH ($24.28M) to Kraken after 209 days of inactivity. This comes as Ethereum faces major outflows and SEC delays on a spot ETH ETF. Despite this, $ETH rose 2.20% today, hitting $3,463.00. #CryptoNews
Institutional interest in altcoins is surging, with $SOL and $LTC seeing inflows of $1.6M and $1.4M, respectively. Meanwhile, $ETH faces $119M in outflows. The shift highlights confidence in innovative tech and cross-border payment utility. #CryptoNews
XRP whales moved 230M coins worth $109.21M as the Ripple vs. SEC lawsuit nears conclusion. Key transactions: 30.93M XRP dumped on Bitstamp, 200M shifted to an unknown wallet. XRP trades at $0.4802 (+1.39%). Futures OI up 4.31%, derivatives volume up 58.30%. #XRP #CryptoNews
Germany sells 400 BTC ($25.28M) to major exchanges, part of 2,500 BTC sold recently. Despite sales, Germany’s Bitcoin holdings still valued at $2.8B with $961M in unrealized profit. Bitcoin price surges above $62K, currently trading at $62,868.28. #CryptoNews
Shiba Inu ($SHIB) saw a 148.69% increase in burn rate in June, with 918.07M tokens burned. This reduction in supply led to a 3.67% price rise, now at $0.00001735. On July 1, an additional 301.68M SHIB were burned. #CryptoNews
Ethereum co-founder Vitalik Buterin proposes a new SSF mechanism to reduce transaction latency and improve security. The SSF can keep running even if one-third of validators go offline but requires stakers to send two messages every 12 seconds. Innovations may lower the 32 ETH staking minimum. #Ethereum
Ethereum ($ETH) surged 5% to $3,500 as whale activity spiked before the Ethereum ETF approval. Whale Abraxas Capital withdrew 60,000 $ETH from Bitfinex, raising $ETH’s price by 4% and gaining $6.5M. $ETH’s trading volume rose 50% to $9.8B. #EthereumETF
