Binance will delist key margin pairs $BTC/$TUSD and $TUSD/$USDT on July 24, 2024. Isolated margin borrowing for these pairs halts on July 12, 2024. TUSD balances in Cross Margin Wallets convert to $USDT automatically, impacting new positions. #CryptoNews
Germany sold 1125 BTC through Coinbase, Kraken, and Bitstamp as part of liquidating seized assets from a movie piracy site. The BTC price remained stable at $57K. Germany’s reserves are now 13,177 BTC, down from 50,000 in June 2024. #Cryptocurrency #Update
Bitcoin rebounds to $58K after a recent sell-off. On-chain data shows a 2-month high in wallets holding over 10 BTC. Whale and shark wallets surged in July, adding 261 more wallets. Custodial wallets amassed 85K BTC, reflecting long-term confidence. #Crypto #Bitcoin
Rostin Behnam, Chairman of @CFTC, declares Bitcoin and Ethereum as commodities, not securities, during U.S. Senate testimony. This aligns with an Illinois court ruling on $OHM and $KLIMA. Behnam stresses the need for robust regulatory oversight in the crypto market. #CryptoNews
#Update Burkett Financial Services shifts strategy, liquidates ProShares’ BITO for BlackRock’s IBIT ETF. Institutional confidence in Bitcoin ETFs grows, with Fiduciary Alliance LLC acquiring 188,668 IBIT units worth $6.64M. Bitcoin ETFs see $147M net inflows on July 10, 2024. #BitcoinETFs
Shiba Inu marketing lead Lucie outlines why a $SHIB ETF is imminent: enhanced accessibility, regulation, security, and increased demand. While drawbacks like centralization and management costs exist, the ETF could significantly impact $SHIB’s market dynamics. #CryptoNews
Compound Finance’s website, backed by @coinbase and @a16z, was hijacked, redirecting users to a phishing domain. Blockchain sleuth ZachXBT highlighted the issue, stressing the need for robust security in #DeFi. #Update
Federal Reserve Governor Lisa Cook hints at rate cuts, signaling a potential “soft landing” for the US economy. Traders anticipate a 25 basis points cut in September. Bitcoin could surpass $60K if CPI data is favorable. Recent short covering saw Bitcoin peak at $59,350. #Update #Economy #Bitcoin
Two U.S. firms, @VivoKey and Dangerous Things, unveiled the Apex under-skin crypto wallet for $349. This NFC/RFID device, controlled via a phone app, secures private keys on an implanted chip, enabling secure $BTC transactions and more. #CryptoTech #Update
Russia’s Ministry of Finance plans to allow stock exchanges to trade cryptocurrencies for “highly qualified” investors. This move aims to regulate crypto for cross-border payments, with the Bank of Russia considering stablecoin use for international trades. #CryptoNews
Justin Sun buys $5M in $ETH ahead of spot Ethereum ETF approval, adding to his 362,751 ETH holdings worth $1.1B. Sun’s purchase of 1,614 ETH at $3,097 each counters market volatility. Significant whale activity includes Golem staking 40,000 ETH and Elwood’s 26,811 ETH deposit to Binance. #Ethereum
Former US President Donald Trump will speak at the Bitcoin 2024 conference, advocating for “MADE IN USA” Bitcoin mining and criticizing Biden’s crypto regulations. Debate arises over his genuine intent versus election strategy, with support from industry figures like the Winklevoss Twins. #Bitcoin2024
#Update The House has postponed the vote to override President Biden’s veto on the SEC’s anti-crypto rule, SAB 121, to July 11. SAB 121 mandates firms to list crypto assets as liabilities, sparking debate over its impact on business growth. The outcome is crucial for U.S. crypto regulation.
CFTC Chairman Rostin Behnam cited a Northern District of Illinois ruling that Bitcoin $BTC and Ethereum $ETH are commodities. This supports the CFTC’s jurisdiction in crypto regulation amid SEC disputes. The ruling, though not nationwide, could shape future regulations. #CryptoLaw #Update
