🏦 Bybit surpasses Coinbase to become second largest crypto exchange by volume – Kaiko

Bybit crypto exchange has surged to become the second-largest exchange by volume, surpassing Coinbase, according to data from Kaiko. Since October 2023, Bybit has doubled its market share from 8% to 16%, while Binance, although still the leader, has seen its share drop from 60% to 54%. Kaiko attributes an increase in market volume to the January launch of spot bitcoin ETFs, significantly boosting overall crypto trading volumes.

Source

https://t.me/CryptoMarketTime

🪙 Tether USDT sees rapid $580 million growth on Telegram-linked TON blockchain

Tether’s USDT supply is growing at its fastest rate on the Telegram-linked The Open Network (TON) blockchain. According to Tether’s transparency page, the stablecoin issuer has issued $580 million worth of USDT tokens on the blockchain, and its net circulation sits at $519 million as of press time. This milestone comes less than two months after Tether issued its USDT stablecoin on the network.

Source

https://t.me/CryptoMarketTime

🥇 Bitcoin Falls After U.S. Sends $240M Worth of Silk Road-Related BTC to Coinbase

Bitcoin (BTC) fell back towards $60,000 on Wednesday, after a wallet tagged to the U.S. Government moved about $240 million worth of seized BTC to a Coinbase Prime address, igniting concerns among traders that the digital assets will likely to be sold. Some 3,940 bitcoin originally seized from a Silk Road vendor was moved by the the wallet, according to an Arkham Intelligence social media post.

Source

https://t.me/CryptoMarketTime

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.

Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!

🔗 Join now: @Cryptocurrency_Inside

#advertising

🪙 Galaxy Digital sees up to $7.5 billion flowing into ETH ETFs within first five months

Galaxy Digital said exchange-traded funds tracking Ethereum’s native token, could become a multi-billion market opportunity soon after approval. The U.S. Securities and Exchange Commission recently changed course to accelerate the approval of these funds, with some analysts predicting the first ETH ETFs approvals could come in next week. The SEC has yet to approve the crucial S-1 filings needed for the funds to hit the market.

Source

https://t.me/CryptoMarketTime

💰 Wall Street blends digital gold Bitcoin with physical gold in new ETF filings

Traditional financial institutions are finding new ways to offer investors access to digital assets via exchange-traded funds (ETFs). On June 27, Henry Jim, an ETF Analyst with Bloomberg Intelligence, reported on three ETF products that would provide investors access to Bitcoin, Gold, Ethereum, and MicroStrategy. Tidal Investments and Quantify Chaos Advisors have jointly filed a prospectus for a new ETF offering indirect exposure to Bitcoin and Gold.

Source

https://t.me/CryptoMarketTime

💰 Bitcoin’s price won’t ‘dramatically’ increase from here, says billionaire

Former PayPal CEO Peter Thiel has raised doubts that Bitcoin’s future price can increase “dramatically” from current price levels. The billionaire — who still owns “some” Bitcoin but not as much as he “should have” — isn’t sure where the next batch of buyers will come from now that Bitcoin has had its “ETF edition.” “I'm not sure it's going to go up that dramatically from here. We got the ETF edition and I don't know who else buys it,” Thiel, a founder at the Founders Fund told CNBC on June 28.

Source

https://t.me/CryptoMarketTime

⁠🟠 Court allows most SEC claims to proceed in Binance suit

Judge Amy Berman Jackson however dismissed the SEC’s claim that BNB is traded illegally on secondary markets, citing the Ripple decision.

Source

https://t.me/CryptoMarketTime

🏴 Aptos Foundation proposes deploying Aave V3 on Aptos Network

The Aptos Foundation, an organization supporting the development of Layer 1 blockchain Aptos, has proposed deploying a version of Aave V3, the open-source liquidity protocol governed by the Aave DAO, on the Aptos mainnet. The proposal is currently in the "temperature check" phase, an early-stage process involving gathering feedback from Aave's governance community before progressing further.

Source

https://t.me/CryptoMarketTime

🔵 Circle becomes first stablecoin issuer to secure regulatory approval under MiCA

Circle announced on July 1 that it has received an e-money license from France, positioning it as the first global stablecoin issuer to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations. The license, issued by France’s financial regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), allows Circle to issue its stablecoins USDC and Euro Coin (EURC) across the EU under the new regulatory framework, effective immediately.

Source

https://t.me/CryptoMarketTime

🟠 Binance US is confident that the ‘SEC’s case is unsupported by the facts or the law’

Binance.US, the American arm of the world’s largest crypto exchange by trading volume, Binance, is ready for the next phase of its ongoing legal dispute with the Securities and Exchange Commission (SEC), according to a July 1 statement. On June 28, US District Judge Amy Berman Jackson upheld 10 out of 13 charges filed against Binance by the SEC. The Judge ruled that charges related to the initial coin offering, ongoing BNB sales, staking services, failure to register, and fraud could proceed.

Source

https://t.me/CryptoMarketTime

🪙 Galaxy expects spot Ethereum ETF in July, is optimistic about more crypto ETFs

Galaxy Digital head of asset management Steve Kurz said the SEC could approve a spot Ethereum ETF before the end of July and described prospects for other crypto ETFs. Kurz said Galaxy has worked with the SEC on applications for months and noted the firm’s upcoming spot Ethereum ETF is similar to its existing spot Bitcoin ETF (BTCO). Galaxy created both funds in partnership with the investment management firm Invesco.

Source

https://t.me/CryptoMarketTime

🏦 KuCoin to enforce 7.5% VAT on Nigerian trades amid regulatory changes

Crypto exchange KuCoin said it would start collecting a 7.5% value-added tax on trading fees from its Nigerian users on July 8. The platform explained that the 7.5% fee would be applied to each trade’s transaction fees, not the transaction amount. It added that the fee covers all transaction types that Nigerian users can perform on its platform.

Source

https://t.me/CryptoMarketTime

📊 Crypto VC investment ‘continued rebound’ in Q2 with $3.2 billion invested – Galaxy

Venture capital investments in crypto continued to rebound in the second quarter, with a total $3.2 billion invested during the period — up 28% compared to $2.5 billion in the previous quarter, according to Galaxy Digital latest research report. Galaxy noted the second quarter’s median pre-money valuation is the highest since the fourth quarter of 2021 and represents an almost all-time high. It attributed the surge to a more competitive market, giving companies greater negotiation leverage in deals.

Source

https://t.me/CryptoMarketTime

📊 Crypto market sees $295 million in liquidations across exchanges over past 24 hours

Bitcoin has been beset by heavy selling pressure in the past 24 hours, causing the digital asset to fall below the $60,000 support level and reaching a recent low of around $57,800. There were over $77 million in bitcoin long liquidations across centralized exchanges in the past 24 hours — out of a total of $92 million in liquidated BTC positions, according to data from Coinglass. The broader cryptocurrency market saw over $295 million in liquidations on centralized exchanges, with around $259 million in long positions.

Source

https://t.me/CryptoMarketTime

🔫 Six Flags’ new metaverse experience offers virtual coasters, interactive games

Six Flags has launched its new metaverse experience in Roblox, offering virtual coasters, Fright Fest mazes and interactive games. The platform in Roblox utilises proprietary ‘Coastercoin’ software by technology company Digital Twin. This lets users collect the coins and redeem them for Six Flags rewards and activities at Six Flags parks.

Source

https://t.me/CryptoMarketTime

🆘 Fake X accounts lead to record-setting crypto phishing attacks of $341 million

Crypto phishing exploits in the first half of this year reached $341 million, surpassing the $295 million scammers siphoned from victims in 2023, according to blockchain security firm Scam Sniffer. Security expert and SlowMist founder Yu Xian said the phishing incidents of the first half of the year showed that the profit margin of these malicious attacks was profitable.

Source

https://t.me/CryptoMarketTime