General category for all types of news related to the cryptocurrency world.
Meme coins $BONK, $WIF, $BRETT, and $PEPE surged over 15%, while Bitcoin rose 3% to $56,713. $BONK now trades at $0.000022 with a market cap of $1.52B. The global crypto market cap increased by 3.2% to $2.08T. #Update
Upcoming $177M token unlocks on July 7 could lead to price drops for $APT, $XAI, $IMX, $ENA, $IO, and $HFT. Notable releases include 198.40M $XAI (71.59% of supply) and 11.31M $APT (2.49% of supply). Increased supply historically triggers volatility. #Crypto #Update
Celsius Network is suing users who withdrew funds before its bankruptcy, using clawback provisions to target “fake profits.” Ripple CTO David Schwartz says principal is usually safe unless insider info is involved. Users face severe financial and emotional impacts. This could set a major crypto industry precedent. #CryptoNews
The U.S. House will vote next week on overturning President Biden’s veto of SAB 121, which requires firms holding crypto assets to list them as liabilities. The resolution has bipartisan support but needs 290 votes. Outcome will impact digital asset regulation and the crypto industry. #CryptoNews
Venezuelans sent over $460M in crypto remittances last year, a 75% increase from 2021, now making up 9% of total remittances. With 7M citizens migrating, crypto offers faster, cheaper transactions amid traditional fees up to 7%. #Cryptocurrency #Update
Multicoin Capital pledges up to $1M to back pro-crypto Senate candidates via the Sentinel Action Fund. Donations matched 100% in $SOL until July 14. Supported candidates: Sam Brown, David McCormick, Bernie Moreno, Tim Sheehy. #CryptoPolitics
The Bankman-Fried family is caught in a $100M political donation scandal involving misappropriated FTX funds. Emails show Joe Bankman advising on these illegal actions. Sam Bankman-Fried serves 25 years; Ryan Salame gets 7.5 years. #Update #FTX
Hackers stole $1.38B in crypto in H1 2024, nearly doubling the $657M taken in H1 2023, per @trmlabs. Major breach: DMM Bitcoin lost 4,500 BTC ($300M). Phishing scams rose 6.44%, totaling $300M. #CryptoSecurity #Update
Binance (@binance), the largest crypto exchange, celebrates its 7th anniversary with the ‘Be Binance’ campaign. Join in events, contests, and a $7,000 BNB giveaway! Binance serves over 200M users globally with $27B daily trading volume. #Update #Crypto
Germany sells another 547 Bitcoins, now holding 41,220 BTC worth $2.27B. Market panic as 30,000 BTC ($1.73B) hit exchanges this week. Lawmaker Joana Cotar warns against sales; Bitcoin advocate Samson Mow notes possible price manipulation. #Bitcoin #Crypto
Starting Dec 30, the European Banking Authority will extend the EU Travel Rule to crypto exchanges, mandating reporting on fund and crypto transfers under Regulation (EU) 2023/1113 to boost Anti-Money Laundering measures. #CryptoRegulation
Mt. Gox begins reimbursing creditors after a decade, with payouts in $BTC and $BCH starting July 5, 2024. This marks a major step in resolving one of the largest crypto exchange failures. #CryptoNews
Crypto scammers stole nearly $60M from 20 victims in H1 2024. Phishing attacks hit 260K victims, costing over $300M. Deepfake crypto fraud losses surged to $79.1B since 2022, with a 245% rise in 2024. #CryptoSecurity #Update
UK Labor Party’s landslide win positions Keir Starmer as next PM, succeeding Rishi Sunak. Future crypto policies remain uncertain, but Labor’s pro-industrial growth stance could benefit $BTC and Web3. Experts predict the tokenization industry could surpass $16 trillion in the next decade. #Update
