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🔵#Bitcoin (BTC) remained stable around $42,000.

🔵 Other major #cryptocurrencies like #Ethereum (ETH), #Dogecoin (DOGE), #Solana (SOL), #Ripple (XRP), and #Litecoin (LTC) experienced minor fluctuations.

🔵 The Dymension (DYM) token saw the largest increase, rising by nearly 25% in 24 hours.

🔵 Monero (XMR) experienced the largest decline, with a decrease of over 27% in the same period.

🔵 The global #cryptomarket cap was $1.65 trillion, showing a 0.37% increase in the past 24 hours.
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Treasury Secretary Janet Yellen urges Congress for new #crypto laws to address systemic risks.

⚡️Proposed legislation focuses on regulating #stablecoins and non-securities crypto assets spot market.

⚡️ Yellen highlights concerns about stablecoins growth, money laundering, and their impact on #financial stability.

⚡️ Bipartisan deadlock slows crypto legislation; regulatory disagreement persists between #SEC and #CFTC.

⚡️ Yellen proposes a federal regulator for stablecoins and stresses the need for protections for stablecoin holders.
🔵Top #CryptoNews News in Last 12 Hours

1️⃣#Upbit, South Korea’s largest #crypto exchange, will list the ID Korean won trading pair, ID (SPACE ID) rose 81.71% in 24 hours.

2️⃣ Thailand exempts digital asset transactions from value-added tax. The tax exemption is effective January 1, 2024, with no expiration date.

3️⃣ South Korea to enforce "Virtual Asset User Protection Act" from July 19, targeting market manipulation and illegal transactions.

4️⃣Japan's Financial Services Agency amends law for #DAO member rights tokens, aiming to treat them like LLC member rights, easing regulations.

5️⃣ #Cryptoexchange #Bitsonic's CEO, Jinwook Shin, sentenced to 7 years for $7.5M theft. Company shut due to internal issues.

6️⃣US judge approves sealed settlement between #BlockFi and #3AC, resolving disputes over millions. Details remain confidential.

#Cryptocurrecny #Bitcoin #Crypto
Top #Crypto News In Last 12-Hrs

⚡️#Bitcoin Hits $44,200, Reaching new heights after Bitcoin ETF approvals.

⚡️ #Monero Achieves 23% Increase, Overcoming #Binance Delisting Impact

⚡️Crypto Firm #Bakkt Warns It Might Not Be Able to Remain in Business

⚡️#TradeStation Crypto Settles for $3 Million in Penalties with #SEC and State Regulators

⚡️#ARKInvest and #21Shares Detail Cash Handling in Latest #Ethereum ETF Proposal

⚡️ Crypto Markets on Edge, as Federal Reserve Suggests Holding Off on Rate Cuts
🔵 #Bitcoin (BTC) surged past $44,000 on Thursday, its highest since January 12. Increase due to asset accumulation by Bitcoin whales.

🔵 Other major #cryptocurrencies like #Ethereum (ETH), #Dogecoin (DOGE), #Solana (SOL), #Ripple (XRP), and #Litecoin (LTC) experienced mixed gains and losses.

🔵 Dymension (DYM) token saw the largest gain, Conversely, PENDLE experienced the largest loss.

🔵 Global #cryptomarket cap reached $1.71 trillion, marking a 24-hour gain of 3.41 percent.
Top #CryptoNews In Last 12 Hours


1️⃣ #Bitcoin spot ETFs saw $146M inflow for 9 days. #Grayscale had $80.78M outflow, while other #ETFs gained $226M. Fidelity gained $130M.

2️⃣Hong Kong proposes legislative consultation on #cryptocurrency and fiat currency swaps, License required from the Commissioner of Customs, anti-money laundering supervision, transitional arrangements.

3️⃣ #Binance Launchpool introduces Pixels (PIXEL) game on #Ronin Network. Users can farm PIXEL tokens by staking BNB and FDUSD.

4️⃣ Hong Kong SFC updates crypto exchange license: adds bitV, YAX, Bullish. 16 total applicants; Ammbr, BitHarbour, Meex applications returned.

5️⃣ #OKX launches exchange and Web3 wallet in Argentina, supporting Spanish and local payment methods. President Hong Fang emphasizes regional growth strategy.

6️⃣ Justin Sun transferred $258M worth of stETH to EigenLayer 11 hours ago. His address still holds $301M worth of WSTETH.

7️⃣ SEC's Hester Peirce advocates for a #crypto innovation-friendly safe harbor, proposing a three-year grace period for development teams to participate and create a #decentralized network.

#Crypto #Blockchain