The US House will reconsider the repeal of SEC’s SAB 121 next week, following President Biden’s veto. The resolution needs a two-thirds majority to overturn. This vote is crucial for the crypto industry, impacting regulatory pressures and market integrity. #CryptoRegulation
German MP Joana Cotar opposes ECB’s digital Euro, citing privacy risks and advocating for $BTC. She argues Bitcoin offers better asset diversification and privacy. #Crypto #Bitcoin
Germany transfers 700 BTC ($40M) to an unknown address, fueling speculation of a major institutional buyer. Authorities have sold over 10,000 BTC since June, prompting market concerns. @justinsuntron offers to buy remaining Bitcoin to reduce impact. #Bitcoin trades at $57,370.
William “TDev” Hill, co-founder of Samourai Wallet, released on $1M bail for laundering $100M in crypto from darknet markets. Trial with co-defendant Keonn Rodriguez set for July 2024. DOJ crackdown on crypto mixers continues. #CryptoNews #Bitcoin
Mantra ($OM) surged 8% in 24 hours, while MultiverseX ($EGLD) rose 3.5%, defying Bitcoin sell pressure from the German government’s BTC liquidation. Mantra’s RSI suggests more upward potential with a $703.4M market cap. #CryptoUpdate
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
? Bitcoin Selling Pressure Alert: Two whale addresses moved 9,301 BTC to Binance on June 27, causing a price drop. Meanwhile, the German and U.S. governments transferred 547 BTC and 237 BTC, respectively. Within two weeks, whales sold $1.2 billion worth of BTC. #Bitcoin #CryptoNews
Multicoin Capital pledges up to $1M to back pro-crypto Senate candidates via the Sentinel Action Fund. Donations matched 100% in $SOL until July 14. Supported candidates: Sam Brown, David McCormick, Bernie Moreno, Tim Sheehy. #CryptoPolitics
Recent actions by Mt. Gox and the German government have caused Bitcoin ($BTC) volatility. Lucy Gazmararian of Token Bay Capital suggests gradual asset selling may prevent a market crash. She predicts a quieter summer but emphasizes potential volatility in the fall. #Bitcoin
Craig Wright, who claims to be Bitcoin’s creator, faces a Worldwide Freezing Order from the UK High Court. Justice Mellor issued the order to prevent Wright from moving assets to avoid paying $1.97M in legal costs to Peter McCormack after a defamation case. #CryptoNews
BitMEX transferred over $800M in Bitcoin across two major transactions, resulting in a daily outflow of 22,000 BTC. This move, amid a volatile market and wallet upgrades, reduces BitMEX’s reserve significantly. Market activity also influenced by German BTC sales and U.S. employment data. #CryptoNews
Northern Data, backed by @Tether_to, faces fraud allegations from ex-directors amid US IPO plans. Whistleblowers claim financial misconduct and tax evasion. KPMG raised liquidity concerns. IPO could value AI/data center biz at $10B-$16B. #CryptoNews
.@Bybit_Official celebrates ranking 2nd in global spot trading volume by launching a rewards program. 100 users will win 20 USDT each by July 11, 2024. Program includes Premarket, Bybit Pool, Token Splash, and ByStarter for early access, staking, and token distribution. #CryptoNews
