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Top #CryptoNews This Week

1️⃣
#Bitcoin prices fell 8% to $53,918 on Friday, marking their lowest since late Feb.

2️⃣
#MtGox Trustee repaid Bitcoin and Bitcoin Cash to creditors via crypto exchanges on July 5

3️⃣
#Fed's Powell noted more progress needed before cutting rates, despite tackling inflation issues

4️⃣ U.S. Marshals Service partnered with
#Coinbase Prime for custody and trading of digital assets

5️⃣ Bloomberg analyst predicted
#EthereumETF might start trading around July 15 after resubmissions

6️⃣ German lawmaker criticized the government for selling $195 million in
#Bitcoin, causing market volatility

7️⃣
#Circle began issuing USDC and EURC in the EU under new MiCA regulations from July 1

8️⃣
#Grayscale remained optimistic about crypto valuations recovering, predicting an Ethereum ETP in Q3

9️⃣ Sony acquired Amber Japan, renamed it S.BLOX & planned enhancements for crypto trading services

🔟
#Vitalik proposed faster transaction confirmation methods for #Ether using Single-Slot Finality
Key Events Sheduled For This Week

#Crypto #Cryptonews

1️⃣
#Fed Chair Powell Testifies -(July 9th) -Tuesday

2️⃣
#Binance Vs SEC Hearing ( July 9th ) - Tuesday

3️⃣ June
#CPI Inflation data - ( July 11th) 8:30 A.M. ET - Thursday

4️⃣ June
#PPI Inflation data - Friday

5️⃣Total of 9
Fed speaker events this week
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"Why White House, #Fed: Silent Since 2022?" #Crypto #CryptoNews

Source : @bloombergTV
Jerome #Powell revealed that he hasn't spoken to President #Biden since 2022! 🤯

"When Any President Calls, You Come and You Meet, But That Hasn’t Happened," Powell stated.

Why the radio silence between the White House and the Federal Reserve for two whole years? 🤔🇺🇸

Drop your thoughts below!
👇
Top #CryptoNews of This Week

1️⃣June's US Consumer Price Index (
#CPI) annual inflation rose by 3.0%, which is lower than the expected 3.1%.

2️⃣ Citi predicted consecutive rate cuts by the
#Fed starting in September for eight times

3️⃣
#Trump spoke at the 2024 Bitcoin conference in Nashville, influencing #cryptocurrency support

4️⃣ U.S. Republican Party endorsed multiple pro-crypto policies for the 2024 election platform.

5️⃣ Germany's government sold its final
#Bitcoin holdings (Currently ZERO) on July 12, as reported by Arkham Intelligence.

6️⃣ The ETF Store President Nate Geraci, anticipates
#Ethereum Spot #ETF to launch Next week of July 15.

7️⃣ Cboe submitted 19b-4 form for VanEck and 21Shares
#SolanaETF to SEC.

8️⃣ Goldman Sachs plans three tokenization projects by year-end, including
#crypto derivatives trading.

9️⃣ TRM Labs reported hackers stole $1.38 billion in cryptocurrency in first half of 2024.

🔟 Vitalik warned Ethereum to prepare for potential 51% attack, emphasizing network security
.
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

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
Key Events to Watch in #Crypto This Month

🟡1 Aug 2024 : #FED Chair Jerome Powell Holds a Monetary policy Press Conference

🟡2 Aug 2024: US July #Unemployment Rate

🟡13 Aug 2024: US July #PPI (8:30 A.M. Eastern Time)

🟡14 Aug 2024 : US July #CPI (8:30 A.M. Eastern Time)

🟡16 Aug 2024: #FTX Consumer Voting Deadline

🟡19 Aug to 21 Aug 2024: #Web3 Summit berlin 2024
BREAKING : July's Producer Price Index (#PPI) came in below expectations, increasing by just +0.1% MoM instead of the anticipated +0.2% (+2.2% YoY vs +2.3% YoY).

🔵This outcome boosts the
#FED's confidence that inflation is easing, reinforcing the argument for potential rate cuts.

🔵Attention now shifts to tomorrow's
#CPI report! (Scheduled at 8:30 A.M. Eastern Time)

Source: https://www.bls.gov/news.release/ppi.nr0.htm

#Crypto #CryptoNews
Do you think the Federal Reserve will cut interest rates in September? #FED #Crypto
Anonymous Poll
100%
🟢YES🟢
0%
🔴NO🔴
💥It’s been a great week for economic data!💥

#PPI (YoY): 2.2%, better than the 2.3% forecast

#CPI (YoY): 2.9%, just under the 3.0% estimate

#Retail Sales (MoM): +1.0%, smashing the 0.4% expectation

Weekly
#JoblessClaims: 227K, lower than the 236K predicted

Are rate cuts on the horizon? 📉👀

#Fed #crypto #CryptoNews
🚨 𝐂𝐫𝐲𝐩𝐭𝐨 𝐇𝐨𝐥𝐝𝐞𝐫𝐬, 𝐀𝐥𝐞𝐫𝐭! 😱

Only half a day left for the rate cut decision!

The market expects a 65% chance of a 50 BPS rate cut!

But usually, the #FED starts with a 25 BPS cut—except for:

🔻 2001 (dot-com crash) 🔻 2007 (Great Financial Crisis)

Both times, #CPI was under 3% and unemployment was over 4%.

If the FED delays a recession with QE and rate cuts, we could see a huge #crypto bull run 🚀.

If not, a recession might hit by Q1, which could hurt the market.


💬 How do you think this will affect #Bitcoin and #cryptomarket? Share your thoughts!

Source: https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
How Will a #Fed Rate Cut Influence the Crypto Market?

A 0.25% cut might not do much, but a 0.50% or 0.75% rate slash could flood the markets with liquidity and push #Crypto prices to new highs.

Will #Bitcoin take the lead?

No Rate Change or a Big Cut?
Crypto Investors Are Holding Their Breath!

#CoinPedia #cryptomarket #FOMC