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Breaking : The #Ethereum Foundation, a key player behind Ethereum, faces a confidential inquiry from an unnamed state authority.

Here’s the crux:

State Inquiry: The Ethereum Foundation is under confidential investigation, coinciding with Ethereum's technological evolution and the growing interest in #ETH ETFs in the U.S.

SEC's Ethereum Stance: Amidst this inquiry, the #SEC is contemplating classifying ETH as a security. This consideration follows the SEC's recent approval of #Bitcoin ETFs but displays hesitation towards Ether ETFs, significantly impacting Ethereum's future.

Warrant Canary Removal: A notable action was the removal of the Ethereum Foundation's warrant canary, hinting at a received government request without explicit acknowledgment.

Global Regulatory Coordination: Speculation arises around collaboration between Swiss regulators and the SEC, affecting the broader crypto market and Ether ETF approvals.
#Bitcoin (BTC),dipped below the $67,000 range, dwelling at around $66,500

Other popular altcoins — including the likes of #ETH , #DOGE,#XRP, #SOL , and #LTC — landed in the reds across the board.

The global crypto market cap stood at $2.52 trillion
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Source: @wickedsmartbitcoin

🔵
#Bitcoin network hits one billion transactions, marking milestone 15 years post-creation by #Satoshi Nakamoto.

🔵 First block mined on Jan. 3, 2009, 15 years, four months, and four days ago.

🔵 #Ethereum surpasses Bitcoin with over two billion transactions since July 2015, according to Etherscan Data.

🔵 Despite being oldest, Bitcoin isn't first to reach one billion transactions; Ethereum exceeds it.

#BTC #ETH #Crypto #CryptoNews
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Source : @CNBC

Gary Gensler on Ethereum.


Gary #Gensler had appeared on CNBC discussing #Ethereum, once more evading questions on whether Ethereum was a security.

Both #XRP and #ETH hadn't met security criteria. The real issue was the alleged misinformation provided to Congress by Gensler and the SEC. The debate should have shifted to addressing the integrity of information presented to legislative bodies.

#Crypto #CryptoNews
Breaking: #Ethereum Hits $3,900 #ETH #Crypto
Top #CryptoNews This Week

1️⃣ U.S. #CPI May:
Annual CPI rate for May: 3.3%, lower than expected, #interest rates unchanged.(5.25% to5.5%)

2️⃣ #Biden #Cryptocurrency Donations:
Biden's team discussing cryptocurrency donations via #Coinbase Commerce to attract crypto-supporting voters.

3️⃣ Trump on #Bitcoin:
Trump advocates for U.S. Bitcoin mining, criticizes Biden's stance on cryptocurrency.

4️⃣ SEC Spot #ETH #ETF:
SEC Chair expects ETH spot ETF approval by summer's end, clarifies crypto compliance issues.

5️⃣#Vitalik suggests improving crypto use with zk proofs, decentralized networks, and privacy enhancements.

6️⃣ #Binance nance surpasses 200 million users, addresses trading incidents, and focuses on blockchain applications.

7️⃣#Bybit relocating staff to Malaysia, Dubai after opening registration for Chinese users.

8️⃣ #Tether to invest over $1 billion in emerging markets, #AI, and biotechnology.

9️⃣ #MicroStrategy plans to raise $700 million via private placement to buy more Bitcoin.
Important Dates of this week to keep eye on:

#Crypto #CryptoNews

July 15 (Monday) :
#Fed Chair #Powell Speaks

July 17 (Wednesday) : UK
#CPI Inflation

July 18 (Thursday) : UK Unemployment

July 18 (Thursday) : EU Interest Rate Decision

July 15-18 (Estimated) :
#ETH #ETF Launch

Total of 11 Fed speaker events this week
Top #CryptoNews of This Week

1️⃣ SEC allowed spot
#ETH #ETF issuers to start trading on July 23.

2️⃣
#MtGox poll shows 55% will not sell Bitcoin compensation received.

3️⃣Trump’s
#Bitcoin conference expected record attendance; security tightened after assassination attempt.

4️⃣
#Trump announced fourth NFT release, urged Fed to avoid rate cuts before November.

5️⃣Powell stated
#Fed won’t wait for 2% inflation before cutting rates.

6️⃣
#Vitalik opposes choosing political allies based solely on crypto support.

7️⃣a16z’s Marc Andreessen backed Trump, criticizing
#Biden’s overregulation stance.

8️⃣
#BlackRock’s Larry Fink declared Bitcoin a legitimate financial instrument.

9️⃣
#Grayscale launched Decentralized AI Fund to invest in #AI and #crypto.

🔟Indian exchange
#WazirX hacked; losses exceed $230 million with significant asset theft.
Top #CryptoNews in Past 12 Hours

1️⃣US Jersey City’s Mayor Steven Fulop announced the pension fund applied to invest in a Bitcoin ETF.

2️⃣Robert F. Kennedy Jr. proposed the U.S. government buy
#Bitcoin to match its gold reserves.

3️⃣On July 25,
#ETH spot #ETFs saw $152M outflow; Grayscale’s ETHE faced $346M net outflow.

4️⃣On July 25,
#BitcoinETFs saw $31.16M inflow, while Grayscale’s GBTC had $39.59M outflow.

5️⃣SlowMist reported fake video conferencing software used in crypto thefts, including the Monoswap hack.

6️⃣Unless
#CZ's situation changed, he stayed at FCI Lompoc II, with a release date of September 29.

7️⃣BitFlyer acquired 100% of
#FTX Japan’s shares, making it a wholly-owned subsidiary, to develop new crypto services.
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#ETH Exposure Sparks Interest in #ETFs

Source: @bloombergcrypto

🔵Digital currency-backed
#ETFs expected in model portfolios by late 2024, says #BlackRock chief investment officer Samara Cohen in a Bloomberg interview on July 29.

🔵Big firms like Morgan Stanley, Wells Fargo, and UBS are analyzing
#crypto ETFs. These firms conduct risk analytics and due diligence.

🔵Focus is on
#Bitcoin ($BTC) and #Ethereum ($ETH) roles in portfolios.
Nine years strong! #Ethereum’s journey has only just begun. 🎂🚀

🎉 Celebrating nearly a decade of Ethereum’s innovation! From smart contracts to decentralized apps, #ETH has transformed blockchain 🚀