SEC says: Coinbase knew it was breaking the law before filing lawsuit 🤔

The SEC has overturned Coinbase's earlier motion, which argued that the regulator lacked jurisdiction to file a lawsuit.

The eternal battle...

Large Bitcoin investors have purchased about 90 thousand coins over the past month. The value of such purchase amounted to approximately $2.52 billion.

🚀🚀🚀

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

Rumor: Richie Torres, U.S. Congressman, demands two independent investigations of the SEC 🤯

They want to take out poor Gary Gensler.....

Leave cryptocurrency alone, fight amongst yourselves 😅

🚀 Pavel Durov said he holds Bitcoin and Toncoin

TON rose a few percent after his post.

Binance lists new stablecoin FDUSD 🤔

FDUSD - according to their statements, this is a stablecoin backed by the US dollar in a 1: 1 ratio. It is already traded on Binance.

We place bets: will this stablecoin fall below $1 within 2 months?

As a result of July, Bitcoin network users conducted 14.13 million transactions. This is the second result in the history of cryptocurrency.

More was only in May of this year. Then the figure was 16.3 million units.

The result of the last week is an influx of funds into investment cryptocurrency products for large professional investors. According to the CoinShares platform, the amount was the equivalent of $29 million. 27 million of them were in products related to Bitcoin.

At the same time, the previous three weeks before that ended with an outflow of $144 million.

Now there are strong sales of bitcoin by short-term holders, after the price has fallen. At the same time, the course is still in place. Almost 90% of short-term BTC investors are now at a loss (Glassnode)

While there is a panic in the market, it is too early to wait for a reversal. On the contrary, as a rule, in such situations, the fall continues until the full rect of the most persistent traders. Then the stage of depression, sideways and reversal.

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

Omani authorities invest $1.1 billion in Bitcoin-mining infrastructure 🤯

The country's government is diversifying the country's economy in this way. They consider Bitcoin as "digital gold"

Not too long ago, the country opened a second $350 million mining center.

The sheikhs are spoiling themselves...

Binance Removes Cardano, MATIC, Pepe Coin, BTC & 35 Other Liquidity Pools, What It Means?

https://coingape.com/binance-removes-cardano-matic-pepe-coin-btc-35-other-liquidity-pools-what-it-means/?utm_source=mike&utm_medium=telegram

Trading volumes on centralized cryptocurrency exchanges have dropped to their lowest level since December 2022. It looks like traders have forgotten about the coin market.

Which at the same time is quite predictable, given the behavior of the latter.

This week we are waiting for another recalculation of the complexity of Bitcoin mining. Now the indicator is at its historical maximum, but on the night of Tuesday to Wednesday it will decrease by approximately 2 percent. The BTC-com platform provides such a forecast, taking into account the current activity of miners.

Breaking: IMF And FSB Releases G20 Summit Paper On Crypto Asset Regulation

https://coingape.com/imf-fsb-releases-g20-paper-crypto-asset-regulation/?utm_source=mike&utm_medium=telegram

Remember how USDC fell to 86 cents in March 2023 amid the collapse of Silicon Valley Bank, where the issuing company Circle was stuck with 8 percent of the token's collateral for several hours? Apparently, this event turned out to be the largest decoupling among the stables this year.

Here is the relevant chart from Kaiko.

Breaking: Coinbase To Suspend Trading Services In India By the Month-End

https://coingape.com/breaking-coinbase-to-suspend-trading-services-in-india-by-the-month-end/?utm_source=mike&utm_medium=telegram

#Bitcoin $BTC Number of addresses holding 0.1+ coins just reached ATH

🚨FTX exchange received court permission to liquidate its crypto assets

They have about $3 billion in SOL, FTT, BTC, ETH, DOGE, MATIC.

The market, as predicted, does not react to this news, since all assets will most likely be sold through OTS and will not be able to influence the market price.

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