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Top #CryptoNews in past 12 hours

1️⃣The
#Fed's August 1 Interest rate decision has a 96% chance of no change, 85.8% cut probability as per CME markets Data

2️⃣
#Blonkfi closed its Pre-Seed round with UOB Venture Management and Signum Capital. The testnet was set for August 1.

3️⃣Last week,
#Bitcoin spot #ETFs had $535M inflows. BlackRock gained $758M; Grayscale lost $120M.

4️⃣ UK hacker Elliot Gunton, who compromised 500 Coinbase accounts, was sentenced to 3.5 years.

5️⃣Last week, digital assets had $245M inflows; Bitcoin gained $519M,
#Ethereum lost $285M.

6️⃣ The Ethereum Foundation transferred $9.16M in TKO tokens to Bitcoin Suisse after Taiko’s mainnet launch.

7️⃣
#ElonMusk criticized Democrats for "importing voters" and endorsed Trump amid immigration policy debates.
BREAKING👇

The
#FED announced no rate hike and will keep the terminal rate at 5.25%–5.50%.

#FOMC #Powell #CryptoNews
🔥 Exciting Opportunity for #Crypto Writers! 🔥

Are you passionate about #blockchain and #cryptonews?

Join our Medium publication! Contribute insightful articles, share your analysis, and reach a growing audience of crypto enthusiasts.

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https://medium.com/coinpediasfintechnews/write-for-us-3498c0abb523
Top #CryptoNews in Past 12Hours

1️⃣
#Coinbase earned $1.45 billion and $596 million #EBITDA in Q2. Transaction revenue fell 27%.

2️⃣Under
#MiCA pressure, #Bybit ceased services in France, liquidating positions by August 13.

3️⃣
#Genesis Trading transferred 40,000 ETH worth $126.68 million, likely for bankruptcy liquidation.

4️⃣
#MicroStrategy held 226,500 bitcoins worth $14.4 billion and planned to raise $2 billion to buy more BTC.

5️⃣On August 1, Ethereum spot ETF saw $26.75M inflow; Grayscale had $78M outflow.

6️⃣
#AEVO dropped from $3.7 to $0.44; OKX founder criticized token release practices.

7️⃣On August 1,
#BitcoinETFs saw $50.64M net inflow; Grayscale had $71.33M outflow.

8️⃣YouHodler analyst Ruslan Lienkha said Harris's rising election chances could have negatively affected
#Bitcoin’s price.
Top #Cryptonews This Week

1️⃣ Powell Indicated Possible Rate Cut

Jerome #Powell suggested a potential rate cut in September if inflation met criteria.

2️⃣ Bank of England Reduced Rates

The Bank of England cut interest rates to 5% for the first time in over four years.

3️⃣ Bank of Japan Increased Rates
The Bank of Japan raised its policy rate to around 0.25% during its meeting.

4️⃣ Trump Proposed Bitcoin Changes
#DonaldTrump vowed to fire #Gensler, establish a #Bitcoin reserve, and support #crypto innovations.

5️⃣ Harris Campaign Reached Out to Crypto Leaders

#KamalaHarris’s team engaged with crypto figures to shape future regulatory frameworks.

6️⃣ Senators Proposed Bitcoin Purchase Plan
Senator #CynthiaLummis introduced a plan to buy 1 million bitcoins over five years.

7️⃣ Vitalik Outlined Ethereum’s Future
#VitalikButerin emphasized building apps and proposed innovative ideas at EDCON2024.

8️⃣ Musk Denied Crypto Promotion Intent

#ElonMusk stated he had no intention to promote cryptocurrencies, clarifying any mentions were jokes.

9️⃣ Snowden Warned on Bitcoin Privacy
Edward Snowden highlighted Bitcoin’s traceability and urged improved privacy measures.

🔟 MicroStrategy Reported Loss, Increased BTC Holdings
#MicroStrategy reported a $102.6 million loss but increased Bitcoin holdings to 226,500 BTC.
🔴#Crypto Fear & Greed Index Score: Recorded at 17 out of 100 on August 5.

🔴Lowest Score Since: July 12, 2022.

🔴Current Zone: Extreme Fear” for the first time in two years.

#CryptoNews #CryptoMarket #Bitcoin
🔥 Exciting Opportunity for #Crypto Writers! 🔥

Are you passionate about #blockchain and #cryptonews?

Join our Medium publication! Contribute insightful articles, share your analysis, and reach a growing audience of crypto enthusiasts.

Click Me to Know More👇👇
https://medium.com/coinpediasfintechnews/write-for-us-3498c0abb523
#Binance Faces $86 Million Tax Bill from India

#Crypto #CryptoNews

🔵Massive Tax Bill Issued:
India has issued an $86 million tax bill to Binance for allegedly not registering under the Indian GST framework.

🔵Regulatory Efforts Intensify
: This tax notice is part of India's broader strategy to regulate #cryptoexchanges operating within the country.

🔵Increased Scrutiny: Binance, the world's largest crypto exchange, is under heightened scrutiny from Indian authorities.

🔵Ongoing Compliance Issues:
The substantial tax bill reflects continued challenges Binance faces regarding compliance with Indian regulations.