Toncoin ($TON) surged 4.5% in 24 hours, 8% over the week, driven by Kazakhstan’s regulatory approval and Pantera Capital investments. Cardano ($ADA) rose 3.5% to $0.418, up 6% weekly, fueled by network upgrades. Both show strong bullish momentum despite market volatility. #CryptoNews
Mike Novogratz, CEO of Galaxy Digital, predicts that favorable U.S. crypto regulations will persist regardless of the election outcome, citing bipartisan support. He emphasizes Bitcoin ($BTC) as a hedge against economic instability. Novogratz expects the next administration to foster innovation and regulatory clarity. #CryptoNews
Federal judge sets timeline for Consensys vs. SEC lawsuit. Briefs due by September and November. Case could reshape crypto regulation. Ruling expected in December. #Crypto #Regulation
Circle, a crypto payment firm, has released an ad urging U.S. regulators to establish stablecoin regulations. This follows the 2022 Terra collapse and FTX fall. Circle stresses that clear policies can enhance innovation and protect users, helping maintain the U.S. dollar’s global status. #CryptoNews
SEC is set to approve the first U.S. Ethereum ETFs by mid-July, following successful Bitcoin ETF launches. Major firms like BlackRock and Fidelity are ready to introduce their Ethereum ETFs, with YieldMax aiming for an innovative Ether Option Income Strategy ETF. $ETH price up 50% this year.
Polkadot stakeholders assure the Treasury is sustainable and regularly replenished by token inflation, despite recent concerns. The Treasury supports marketing, DeFi, and security initiatives. #Polkadot #CryptoNews
Tether partners with Turkish crypto firm BTguru to advance digital assets and blockchain in Turkey. The MoU focuses on education, business opportunities, and integrating digital assets into banking. Key initiatives include tokenizing real-world assets and exploring regional payment networks. #CryptoNews #Turkey
A U.S. Court has approved Consensys’ request for an expedited hearing against the SEC. The case, centered on whether the SEC can regulate MetaMask as a securities broker, could set a precedent in crypto regulation. Initial discovery is due by Aug. 16. #CryptoNews
Tools for Humanity, part of Sam Altman’s Worldcoin project, hires ex-Google, Apple, and X employees to boost privacy and security. New team includes Damien Kieran (Chief Privacy Officer) and Adrian Ludwig (Chief Info Security Officer). $WLD token rises 1.72% to $2.31. #CryptoNews
Bitcoin miners face forced selling due to reduced rewards and lower fees. Since the halving, rewards dropped to 3.125 BTC, fees plummeted 90%, and mining costs rose. Major miner $MARA sold 390 BTC in May. Miners explore alternatives like Kaspa and mergers for efficiency. #Bitcoin #CryptoNews
Ethereum spot ETFs could see $5B in inflows in the first 6 months, boosting AUM to $15B. Experts say $ETH could rise 20%-55% if the ETH/BTC ratio normalizes. Predictions include $ETH surpassing $6500 by end of 2024. #cryptonews
Source: Gemini, Galaxy Digital, Steno Research
$XRP surged 1.40% to $0.4873 on July 2 as 3 billion XRP were moved, including 1 billion unlocked from escrow and 800 million locked back. Whale Alert reported 30.76 million XRP moved to Bitstamp. Analysts predict a 25% rally on bullish indicators. #CryptoNews
Tether partners with BTguru to explore tokenization for Turkish banks amidst new crypto regulations. Turkey exits FATF’s “grey list” for money laundering. Potential $2 trillion market cap by 2030. #Crypto
Zignaly’s $ZIG token surged to $0.1313, nearing its all-time high, fueled by a major token burn and decentralization efforts. With over 2,500% growth from its 2023 low and a market cap above $132M, further gains are anticipated. #CryptoNews
