✅ Bitcoin corrects to $30,000 on Sunday, but still adds 15% for the week 🤑

The Fed tried to scare the markets with two more rate hikes this year, but so far have only achieved a small correction in the S&P 500.

Weekly Digest:

🔸 Financial firms Fidelity, Citadel Securities and Charles Schwab launched crypto exchange EDX Markets

🔸 Binance revoked its license in the UK

🔸 Belgium's financial regulator demanded that Binance immediately cease operations in the country

🔸 Investment firm Valkyrie has also applied for a spot bitcoin-ETF

🔸 Binance US resumed dollar withdrawals, but this is temporary and customers are asked to convert funds to USDT 💸

🔸 The SEC approved the first leveraged futures bitcoin-ETF in the US. The maximum leverage is only 2x.

🔸 Bank of England unexpectedly raised rate by 0.5% at once to 5%

🔸 From February 1 to April 30 this year, the bankrupt exchange FTX spent $121.8 million on legal services

🔸 German Deutsche Bank applied to hold cryptocurrencies

🔸 OKX crypto exchange closes access to some of its products to Russians

🔸 U.S. authorities set up a task force to combat cryptocurrency crimes

🔸 Binance launched a subsidiary exchange in Kazakhstan

🔸 DeFi-project MakerDAO increased investment in US government debt to $1.2 billion 💰

🔸 Ripple received approval in principle from Singapore's regulator to operate in the digital token space

🔸The court sided with Coinbase in a case against a user. It doesn't address the SEC's lawsuit.

🔸 LUNA founder Do Kwon sentenced to four months in prison for document fraud in Montenegro

🔸 Cryptocurrency payment company Wyre announced closure due to cryptozyme

🔹 Courses:

🌐 Bitcoin - $30,390 (↓0.86%)
📉 S&P 500 - $4,348 (↓0.77%)
🌕 gold - $1,919 (↑0.28%)
⚫️ Oil Brent - $74.21 (↑0.03%)

Binance Announces New Functions For Bitcoin, ETH, XRP, SHIB, DOGE Auto Invest

https://bit.ly/42Z4DxW

✅ The stock and cryptocurrency markets are standing still due to a lack of significant events.

And institutions caught bitcoin-FOMO and deposited a record $199 million into crypto funds 🤑

Monday News:

🔸 Binance withdrew its license application in Austria

🔸 HSBC's Hong Kong branch launched ETFs for BTC and ETH

🔸 DeFi MakerDAO reduced reserves in USDC stablcoin from $2.4 billion to $521 million 🧐

🔸 Binance canceled delisting of anonymous cryptocurrencies in Europe

🔸 Japan relaxed cryptocurrency taxation: token issuers are exempt from tax on unrealized gains

🔸 Coinbase cryptocurrency exchange's share of Ethereum stacking dropped to its lowest value since 2021 - 9.7%

🔸 LUNA founder Do Kwon's $26 million blocked in Switzerland 😢

🔹 Courses:

🌐 Bitcoin - $30,123 (↓1.59%)
📉 S&P 500 - 4,339 (↓0.20%)
🌕 gold - $1,923 (↑0.25%)
⚫️ Oil Brent - $74.46 (↑0.36%)

✅ Nothing is happening in the stock market, and the battle for $31k continues 🎢

Monday News:

🔸 Institutionalists put money into crypto funds for the second week in a row and once again it all goes to BTC ($123 million)

🔸 Rumors of Gary Gensler resigning as head of the SEC turned out to be an AI generated fake. Too bad... 😜

🔸 Crypto exchange Bittrex intends to sue the SEC. Reason: commission has no authority on the secondary market for cryptocurrencies

🔸 The Poly Network crosschain platform was hacked again. Users are being advised to withdraw assets

🔸 Bitcoin Depot, a BTC ATM company, went public on the Nasdaq exchange. The stock has already dropped twofold.

🔸 Singapore's central bank required all crypto exchanges to transfer customer funds to trusts

🔸 Binance releases NFT collection with Ronaldo ⚽️

🔸 Thai authorities have banned the use of cryptocurrencies for lending

🔹 Rates:

🌐 Bitcoin - $30,995 (↑1.42%)
📉 S&P 500 - $4,452 (↑0.05%)
🌕 gold - $1,924 (↑0.33%)
⚫️ Oil Brent - $75.85 (↑0.97%)

Binance To Retire Deposit Addresses On BTC, BCH, LTC, XRP, ADA, DOGE Networks
https://bit.ly/3NICl5a

✅ BTC updated its 2023 price maximum, but ends the day again near $30k 😕

As expected: the first FUD about the US reporting season has already gone to the media, so far only about banks.

Thursday's news:

🔸 BlackRock CEO Larry Fink says bitcoin is digital gold and an international asset

🔸 Meta launched a rival to Twiiter, Threads. Will there be a fight between Zuckerberg and Musk about it? 😁

🔸 Valkyrie updated its bitcoin-ETF application and listed Coinbase as a partner

🔸 AI developer OpenAI recruits team to oversee "super smart" AI

🔸 Florida authorities accused crypto exchange Bittrex of violating state laws

🔸 HODL: 70% of bitcoins did not move within a year ✊

🔸 Crypto-bankrupt Celsius sells $74 million worth of altcoins for BTC and ETH

🔸 Binance will update a number of cryptocurrencies to improve security

🔹 Rates:

🌐 Bitcoin - $30,302 (↓0.68%)
📉 S&P 500 - $4,411 (↓0.80%)
🌕 gold - $1,911 (↓0.21%)
⚫️ Oil Brent - $76.53 (↓0.02%)

Breaking: Standard Chartered Revises Bitcoin (BTC) Price Prediction To $50000, $120K In 2024

https://bit.ly/46FK6kO

Binance US has steep discounts on BTC, ETH and even USDT is sold at $0.88. But it concerns only trading pairs with USD, which cannot be brought to the exchange, and the reason for the discounts is the desire of users to withdraw the remaining USD from the exchange while it is possible 🤦‍♂️.

In the first half of the week there will be speeches of officials from the Fed, and on Wednesday inflation data will be published. Although BTC is no longer correlated with the S&P 500, but this is no reason to support a sell-off, if any 😜

Despite BTC's inability to break through the $31k resistance and traders' moral readiness for a correction, miners are doing well and set a new hash rate record of 465 EH/s ⛏

The new fastest growing social network Threads has scam accounts of crypto projects 🤬

🔹 Top 3 in 24 hours:
Compound - $57.53 (↑9.51%)
eCash - $0.00003485 (↑4.00%)
UNUS SED LEO - $3.92 (↑1.37%)

✅ Markets are frozen in place waiting for US inflation data to be released tomorrow.

And analysts mark the beginning of the accumulation phase of BTC 🤔

Tuesday's news:

🔸 Bankrupt exchange FTX has launched a website for compensation claims. The site is already light

🔸 Unknown people have withdrawn another $110 million in assets from the Multichain crosschain protocol 🤬

🔸 Grayscale goes to court again to demand their BTC trust be moved to a spot ETF

🔸 Microsoft wins court and may go ahead with its takeover of Activision Blizzard

🔸 Come on: they found functions in the code of Brazil's national digital currency to freeze and change the user's balance 😱

🔹 Rates:

🌐 Bitcoin - $30,469 (↑0.32%)
📉 S&P 500 - $4,418 (↑0.21%)
🌕 Gold - $1,930 (↑0.30%)
⚫️ Oil Brent - $79.42 (↑2.04%)

Breaking: BinanceUS, Crypto.com Joins Coinbase and Others To Relist XRP, Price Up 87%

https://coingape.com/breaking-binanceus-crypto-com-joins-coinbase-and-others-to-relist-xrp-price-up-87/?utm_source=mike&utm_medium=telegram

Long-term bitcoin chart. The classic corrective formation has been broken as well as previous times. Everything is ready for growth either from the current or through another stage of localized decline.

Bitcoin's dominance chart started to decline sharply on the back of positive news from Ripple. This decision can significantly reduce regulatory risks for the rest of the altcoins. Moreover, such an event may mark the end of the cryptozyme and the beginning of a long-term growth cycle.

Trader Peter Brandt warns of a possible decline of BTC under the $30k level. The last 4 days the situation really looks alarming 😳

No money: Binance prematurely terminated its advertising contract with the Argentine Football Association, and the exchange started cutting employee benefits 🥶

SEC head Gary Gensler commented on the court's decision in the case against Ripple. He's pleased where the court upheld the regulator, and disappointed where the ruling was in Ripple's favor. Whether the SEC will appeal is still unclear 🤷‍♂️

Arkham Intelligence platform has started the drop distribution, the token will be added to Binance today 🤑

🔹 Top 3 in 24 hours:
Sui - $0.7423 (↑7.26%)
Chainlink - $7.10 (↑7.13%)
Gala - $0.02708 (↑4.77%)

✅ The S&P 500 and BTC continue to go in different directions: stocks rise and the former cryptocurrency walks away at $29,500 🙃

Tuesday's news:

🔸 More Binance FUD: advertising contract with Argentine soccer association terminated early and employee benefits cut

🔸 SEC head Gary Gensler has not yet decided whether to appeal in the case against Ripple or if it's fine 😁

🔸 Pavel Durov says he has BTC and Toncoin cryptocurrencies in his possession

🔸 ConsenSys, the developer of MetaMask, refutes rumors of lack of funding

🔸 Hackers have developed a ChatGPT-based chatbot WormGPT that helps them conduct cyberattacks

🔸 UK fin-regulator FCA warns you could get fined or even go to jail for cryptomemes 🤦‍♂️

🔹 Courses:

🌐 Bitcoin - $29,819 (↓1.11%)
📉 S&P 500 - $4,551 (↑0.64%)
🌕 Gold - $1,975 (↑1.06%)
⚫️ Oil Brent - $79.74 (↑1.69%)

✅ The Fed raised the rate by 0.25% as expected.

Markets almost do not react and I'm waiting for Powell's speech to start 🍿

Wednesday news:

🔸 Binance has withdrawn its application for a license in Germany. This is the same application that the exchange was denied 3 weeks ago 🤷‍♂️

🔸 Singapore court recognizes USDT stablecoin as property in Bybit crypto exchange case

🔸 American bank PacWest Bancorp was promptly saved from collapse through a merger with Banc of California

🔸 Namibia passed a law to regulate cryptocurrencies

🔸 Binance Adds New Stablecoin FDUSD

🔸 Crypto project Quantstamp will pay SEC a fine of $28 million for ICO in 2017. Who is next? 😡

🔸 Crypto exchange Kucoin refutes mass layoffs of employees

🔹 Courses:

🌐 Bitcoin - $29,312 (↑0.28%)
📉 S&P 500 - 4,556 (↓0.24%)
🌕 Gold - $1,968 (↑0.20%)
⚫️ Oil Brent - $82.95 (↓0.36%)

✅ Bears pushed bitcoin to $28,600, but now there is a buyback and the price is again above $29k 🎢

Tuesday news:

🔸 Plan to restart bankrupt FTX exchange published

🔸 Tether bought $167 million worth of BTC in Q2 2023

🔸 LeetSwap DEX exchange on the Coinbase blockchain stopped working due to a hack 🛑

🔸 Financial companies BlackRock and MSCI came under congressional investigation due to investments in China

🔸 In the US, they thought about taxing income from staking cryptocurrencies

🔸 Media: Meta will launch its own AI chatbot

🔸 Reuters: Germany investigates Worldcoin crypto project

🔹 Courses:

🌐 Bitcoin - $29,212 (↓0.06%)
📉 S&P 500 - 4,578 (↓0.22%)
🌕 Gold - $1,944 (↓1.06%)
⚫️ Oil Brent - $84.85 (↓0.54%)

$100k for BTC will solve all the problems of the market, but there are no buyers at the current rate and we continue to stand still 😕

The net is getting pissed off that Gary Gensler will never endorse a spot bitcoin ETF and can't even hope for it. And we didn’t really expect, this year for sure 😎

PayPal creates a cryptohub for a closed circle of users, where it will be possible to buy and sell cryptocurrency. If you already have your own stablecoin, then it’s a sin not to organize a crypto exchange for this business. Does the SEC know? 😇

The CEO of Coinbase complained about the "broken" application of his own exchange and promised to fix it. We are talking about functions for their Base blockchain, the application turned out to be inconvenient and does not cope well with a large number of users 😳

Curly Sam spends the night in jail for the third night in a row. A trifle, but nice 😁

🔹 Top 3 in 24 hours:
Hedera - $0.06416 (↑14.35%)
Frax Share - $6.73 (↑5.72%)
ApeCoin - $2.09 (↑4.74%)

✅ Green days are quickly over: BTC is back $26k and S&P 500 is back below 4400.

They say investors are worried about tomorrow's speech by the head of the Fed 🤷‍♂️

Thursday news:

🔸 The MetaTrace crypto project raffles NFT Cars every day, giving access to closed testing of the application

🔸 Binance Ends Support for Crypto Cards in Latin America and the Middle East

🔸 The Central Bank of Turkey sharply raised its key rate by 50 bp. n. up to 25%. Lira strengthened by 6% against USD 💸

🔸 Circle will add USDC stablecoin to blockchains: Base, Cosmos, NEAR, Optimism, Polkadot and Polygon

🔸 Crypto exchange Bitstamp closes staking for US customers

Bankrupt Exchange FTX to Sell $3 Billion in Cryptocurrency via Galaxy Digital Crypto Bank

🔸The US Department of Justice is investigating SpaceX Elon Musk for violating employment rules 🤨

🔸 Online company Shopify adds Solana Pay crypto card payment

🔸 The US authorities filed charges against the founders of the cryptomixer Tornado Cash

🔹 Courses:

🌐 Bitcoin - $26,002 (↓1.63%)
📉 S&P 500 - 4,393 (↓0.95%)
🌕 Gold - $1,917 (↑0.10%)
⚫️ Oil Brent - $83.31 (↑0.53%)

Breaking: FTX Claims Agent Kroll’s Cybersecurity Breach Compromised Claimants Data

https://coingape.com/breaking-ftx-claims-agent-krolls-cybersecurity-breach-compromised-claimants-data/?utm_source=mike&utm_medium=telegram

✅ The head of the Fed scared the markets with his plans to bring inflation to 2%, but the fear was not enough for long.

JPMorgan's statement about the end of BTC correction looks much more alarming. Why did they do that 🤔

Friday's news:

🔸 Visa has stopped issuing cryptocurrencies for Binance in Europe

🔸 Donald Trump has become the first former US president to be arrested 👀

🔸 Katie Wood's ARK Invest fund has applied for an Ethereum futures ETF

🔸 Customer data from bankrupt FTX exchange got to scammers and now they're running phishing emails

🔸 Tether reported 100% collateralization of USDT and a $3.29 billion reserve fund in place

🔸 Hacker stole 55k USDT from US Drug Enforcement Administration

🔸 PEPE meme token folded by 25% after the project team started getting the coins onto exchanges 🐸

🔸 DOGE millionaire's fortune dropped from $3m to $50k

🔹 Courses:

🌐 Bitcoin - $26,023 (↓0.55%)
📉 S&P 500 - 4,414 (↑0.87%)
🌕 Gold - $1,913 (↓0.18%)
⚫️ Oil Brent - $84.86 (↑2.10%)