Authorities in Hong Kong arrested three for scamming a businessman out of HK$3.11M in cryptocurrency by exchanging his USDT for counterfeit HK$1,000 notes. 10,978 fake banknotes seized. Suspects face up to 14 years in jail. #CryptoFraud
Northern Data’s U.S. branches seek to dismiss a lawsuit by ex-employees citing lack of jurisdiction. The company plans a $10B-$16B IPO for its AI cloud computing and data center businesses in 2024. #Update #Bitcoin $BTC
Bitcoin surged past $64,000 after $301M flowed into 11 U.S. spot Bitcoin ETFs, including @Fidelity’s FBTC ($36.15M) and Bitwise’s BITB ($15.24M). BlackRock CEO Larry Fink calls Bitcoin a “legitimate financial instrument.” #CryptoNews
Hamster Kombat’s HMSTR token launches in July with a predicted price range of $0.001-$1.00. Unique tokenomics and a 250M user base may drive market cap close to $1B, reshaping the gaming token market. #Update #CryptoNews
Bitcoin may surge to $180K, predicts Laurent Benayoun of Acheron Trading, driven by institutional investments and US regulatory clarity. Galaxy Fox ($GFOX) ICO shines with its play-to-earn model and deflationary tokenomics, raising $6M in presale. #CryptoNews
Federal Reserve Chair Jerome Powell discussed potential rate cuts at the Economic Club of Washington. While Q2 2024’s positive CPI data boosted Fed confidence and affected Bitcoin’s ($BTC) value, Powell did not specify a timeline for reducing rates. #Economy #Update
Mt Gox moved 44,527 BTC ($2.84B) to a new wallet, hinting at creditor repayments after its 2014 hack. The phased plan aims to reduce market impact, with potential institutional buys as the market recovers. Wallet holds 138,985 BTC ($8.87B). #CryptoNews
ApeCoin ($APE) launches the testnet for its layer-2 network, ApeChain, backed by @HorizenLabs and @Arbitrum. ApeChain aims to use APE tokens for gas and governance, with potential $7M annual revenue. #ApeChain #Update
PEPE, FLOKI, WIF, and BRETT saw daily gains of over 20% as Bitcoin surged to $64,900. $PEPE traded at $0.00001187, $FLOKI at $1.79B market cap, $WIF at $2.16, and $BRETT at $0.147. #CryptoUpdate
Donald Trump picks Ohio Senator @JDVance1 as his VP candidate, signaling a pro-crypto shift. Vance, a Bitcoin advocate, owns up to $250K in $BTC and opposes restrictive SEC rules. This move may bring significant regulatory clarity to the crypto market. #Update
MicroStrategy ($MSTR) stock surged 15% to $1,611 as Bitcoin hit $65,000. MSTR has outperformed Bitcoin, gaining 22% in five sessions and 135% since early 2024. The company’s Bitcoin strategy has influenced midcap firms and nonprofits. #Update
Ripple donates $1M to the Commonwealth Unity Fund, aiming to unseat Sen. Warren and support John Deaton in the Senate race. James Murphy (@MetaLawMan) emphasizes the election’s importance for the crypto community. XRP price rallies 3% to $0.54 amid ETF speculation. #CryptoNews
Whale transactions for $XRP surged by 92% in 24 hours, indicating strong investor sentiment. Accumulation started on July 2 at $0.478. Exchange activity spikes suggest short-term profit seeking. Current price: $0.544, up 2.8%. #Update
US spot Bitcoin ETFs have seen inflows for 7 consecutive sessions, pushing total AUM above $16B. BlackRock’s $IBIT recorded $1.2B in trading volume, and Fidelity’s $FBTC saw $410M. CEO Larry Fink calls Bitcoin “digital gold,” boosting confidence. Institutional investors drive this trend. #Bitcoin
