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
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
Rep. Patrick McHenry urges a veto overturn of President Biden’s decision on SEC’s SAB 121 during a debate on H. J. Res. 109. The resolution impacts digital asset custody regulations and had bipartisan support. McHenry criticizes the SEC’s overreach and calls for policy revisions. #FinanceNews
Circle minted $250M of $USDC on Solana, boosting the supply by over 10%. USDC now dominates Solana’s stablecoin market with $2.35B out of $3.34B total, highlighting its key role in Solana’s liquidity. #CryptoNews
Crypto firm Hypersphere launches $130M Atlas fund on July 10, aiming for 40% returns through DeFi market making and arbitrage. Managed by ex-Millennium and Bridgewater staff, it reflects rising institutional interest in crypto. Expansion includes a $75M venture fund this fall. #CryptoNews
Federal Reserve Chair Jerome Powell supports the bipartisan Lummis-Gillibrand Payment Stablecoin Act, aiming to regulate US dollar-linked stablecoins by year-end. The bill seeks to enhance transaction stability and security, despite concerns from Coin Center about innovation impacts. #CryptoRegulation
CFTC Chairman Rostin Behnam seeks more funding and authority to oversee crypto markets, claiming 70-80% of cryptocurrencies are non-securities. An Illinois court classified $BTC and $ETH as digital commodities, backing his stance. #CryptoRegulation
On July 9, 2024, the hacker behind the CoinStats breach moved 548.2 ETH ($1.69M) to Tornado Cash. Two wallets, known as CoinStats Exploiters, transferred the funds in two transactions. This incident highlights the urgent need for improved crypto security. #CryptoAlert
CFTC Chair Rostin Behnam testified that an Illinois court recognized $BTC and $ETH as commodities and contended that 70-80% of tokens are non-securities, opposing SEC Chair Gary Gensler’s view. He urged Congress to swiftly legislate for better investor protection in the digital asset market. #CryptoRegulation
Bitget’s Q2 2024 report reveals a 50% surge in web traffic, $32B in trading volumes, and 2.9M new user registrations. Bitcoin holdings grew by 73%, Ethereum by 153%, and USDT by 80%. New products PoolX and Premarket launched. #CryptoUpdate
Bitcoin ($BTC) and XRP ($XRP) are in focus as the U.S. Senate Committee and Rep. Ro Khanna’s roundtable discuss future crypto regulations today. With the CFTC Chair and Ripple’s CEO participating, Bitcoin is up nearly 2% ($58,510.62) and XRP at $0.4417. #CryptoRegulations
Nomic and @osmosiszone partner to waive Bitcoin bridging fees after a DAO vote with 99.6% approval. This move aims to boost $BTC liquidity on Osmosis. #CryptoNews #BTC
