Marathon Digital Expands Mining Beyond Bitcoin
🌐 Marathon Digital Holdings has ventured into Kaspa (KAS) mining to diversify its revenue streams, emphasizing it's not abandoning Bitcoin.
👀 "Kaspa will only constitute 1% of our total capacity," assured Marathon's VP of Investor Relations, Robert Semyuels.
The initiative aims for "higher margins," potentially up to 95% with Kaspa mining machines.
📈 Since launching Kaspa ASIC devices in September 2023, Marathon has mined 93 million KAS ($16 million). KAS tokens surged 420% since then, outperforming Bitcoin's 135% rise.
Kaspa ranks fifth in Proof-of-Work assets, mineable with specialized hardware, boasting a market cap exceeding $4.2 billion. 💰
Following the announcement, KAS saw daily growth rates of 11%, with trading volume up 155%.
🌐 Marathon Digital Holdings has ventured into Kaspa (KAS) mining to diversify its revenue streams, emphasizing it's not abandoning Bitcoin.
👀 "Kaspa will only constitute 1% of our total capacity," assured Marathon's VP of Investor Relations, Robert Semyuels.
The initiative aims for "higher margins," potentially up to 95% with Kaspa mining machines.
📈 Since launching Kaspa ASIC devices in September 2023, Marathon has mined 93 million KAS ($16 million). KAS tokens surged 420% since then, outperforming Bitcoin's 135% rise.
Kaspa ranks fifth in Proof-of-Work assets, mineable with specialized hardware, boasting a market cap exceeding $4.2 billion. 💰
Following the announcement, KAS saw daily growth rates of 11%, with trading volume up 155%.
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🌐 Binance Takes Action Against Account Misuse
📢 Binance has announced measures to address the misuse of account features, aiming to uphold compliance and market integrity.
🕵️♂️ The platform will enhance monitoring and take strict actions against unauthorized access, emphasizing fairness and user protection.
📝 Users also can report misuse incidents for potential rewards, contributing to a transparent trading environment.
Earlier Binance took action against Sybil accounts
🔐 Binance has blocked 297 accounts involved in exploiting the Lista Megadrop event, where individuals used multiple accounts to maximize rewards and consolidate tokens for sale.
😁 Among them is one, the most interesting. He received a drop on 9,000 accounts, transferred all tokens to his main account, and naturally, his accounts were frozen.
In general, the platform identified 102,000 accounts as Sybil accounts during the event. 🥶
📢 Binance has announced measures to address the misuse of account features, aiming to uphold compliance and market integrity.
🕵️♂️ The platform will enhance monitoring and take strict actions against unauthorized access, emphasizing fairness and user protection.
📝 Users also can report misuse incidents for potential rewards, contributing to a transparent trading environment.
Earlier Binance took action against Sybil accounts
🔐 Binance has blocked 297 accounts involved in exploiting the Lista Megadrop event, where individuals used multiple accounts to maximize rewards and consolidate tokens for sale.
😁 Among them is one, the most interesting. He received a drop on 9,000 accounts, transferred all tokens to his main account, and naturally, his accounts were frozen.
In general, the platform identified 102,000 accounts as Sybil accounts during the event. 🥶
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🏆 TapSwap Champion! 🤣🤣🤣
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GSR Markets predicts that a potential spot Solana ETF in the US could skyrocket SOL's price by up to 9 times its current value! 🚀
🔮 This forecast hinges on the ETF capturing 14% of Bitcoin ETF flows, a game-changer for Solana's market position. GSR's bullish outlook sees SOL reaching over $1,320 in a "blue sky" scenario, with the ecosystem's growth bolstering its appeal. 🐃🌌
While regulatory hurdles remain, recent filings by VanEck and 3iQ hint at growing institutional interest. 👀
🔮 This forecast hinges on the ETF capturing 14% of Bitcoin ETF flows, a game-changer for Solana's market position. GSR's bullish outlook sees SOL reaching over $1,320 in a "blue sky" scenario, with the ecosystem's growth bolstering its appeal. 🐃🌌
While regulatory hurdles remain, recent filings by VanEck and 3iQ hint at growing institutional interest. 👀
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📉🚀 BTC - Miners' Selling Pressure Eases!
Great news for all crypto enthusiasts! One of the recent causes of the cryptocurrency market's decline—active selling by miners—is starting to weaken. 🥳
After the Bitcoin halving, when mining rewards were cut in half, older mining machines became unprofitable. As a result, mining activity decreased, and miners began selling BTC in OTC transactions to cover their operational costs.
But now, the market is in the process of digesting this massive sell-off. Accordinf to CryproQuant, the quantity and volume of bitcoins that miners are sending out of their wallets are rapidly decreasing. 📉
In other words, the selling pressure from miners is weakening. If the market can absorb all their selling volume, there's a chance for the upward rally to continue. 💪
Positive movements in the cryptocurrency market are expected in the third quarter of 2024. 🚀🌕
Great news for all crypto enthusiasts! One of the recent causes of the cryptocurrency market's decline—active selling by miners—is starting to weaken. 🥳
After the Bitcoin halving, when mining rewards were cut in half, older mining machines became unprofitable. As a result, mining activity decreased, and miners began selling BTC in OTC transactions to cover their operational costs.
But now, the market is in the process of digesting this massive sell-off. Accordinf to CryproQuant, the quantity and volume of bitcoins that miners are sending out of their wallets are rapidly decreasing. 📉
In other words, the selling pressure from miners is weakening. If the market can absorb all their selling volume, there's a chance for the upward rally to continue. 💪
Positive movements in the cryptocurrency market are expected in the third quarter of 2024. 🚀🌕
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Crypto soothsayer
Robert Kiyosaki: Bitcoin is moving into the "Banana Zone." Kiyosaki believes that Raoul Pal, a former high-ranking executive at Goldman Sachs and the author of this concept, knows what he’s talking about. 🍌 The "Banana Zone" means that Bitcoin is becoming…
Robert Kiyosaki stated that any ETFs are a fake.
Kiyosaki buys only real gold, silver, and Bitcoin, and keeps them away from banks and Wall Street bankers.
Kiyosaki buys only real gold, silver, and Bitcoin, and keeps them away from banks and Wall Street bankers.
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Fake Phantom Wallet Drains Crypto! ⚠️🚨
👻 A fake Phantom wallet on Apple’s app store is stealing user funds when recovering accounts with private keys. The scam app mimics the original Phantom wallet but is listed as an educational app by "Meta Voxify."
Despite being removed, it still appears under “Meta Voxify” or “Voxify AI.” Many users reported losing funds, so stay alert and protect your crypto assets! 🚀🔒
👻 A fake Phantom wallet on Apple’s app store is stealing user funds when recovering accounts with private keys. The scam app mimics the original Phantom wallet but is listed as an educational app by "Meta Voxify."
Despite being removed, it still appears under “Meta Voxify” or “Voxify AI.” Many users reported losing funds, so stay alert and protect your crypto assets! 🚀🔒
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Possible Rug Pull by Dop!
🗣 Rumors are spreading that Dop developers might disappear with $164 million.
Arkham has revealed that these funds are being distributed to different wallets for withdrawal. 💰
Dop hasn't denied these claims and only tweeted "04.07.2024." 👁
It would be ironic if the developers have announced the exact date they plan to scam their audience 😅
🗣 Rumors are spreading that Dop developers might disappear with $164 million.
Arkham has revealed that these funds are being distributed to different wallets for withdrawal. 💰
Dop hasn't denied these claims and only tweeted "04.07.2024." 👁
It would be ironic if the developers have announced the exact date they plan to scam their audience 😅
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🕺 The crypto bros from EHT Capital had a blast at a club in Miami, reminding everyone that Craig Wright is not Satoshi (see the messages on the screens). I wonder if the cocktails there were as fake as his claims to be the creator of Bitcoin! 🍸😆
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The SEC has officially filed a lawsuit against ConsenSys.
🇺🇸 The Securities and Exchange Commission (SEC) has initiated legal action against ConsenSys, the developer behind MetaMask.
The company is accused of engaging in the sale of securities and operating as an unregistered broker through its MetaMask platform.
The SEC has also identified the liquid staking programs of Lido and Rocket Pool as securities.
🇺🇸 The Securities and Exchange Commission (SEC) has initiated legal action against ConsenSys, the developer behind MetaMask.
The company is accused of engaging in the sale of securities and operating as an unregistered broker through its MetaMask platform.
The SEC has also identified the liquid staking programs of Lido and Rocket Pool as securities.
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The SEC has sent back S-1 forms for Ethereum ETF issuers for revisions
👀 During the latest round of negotiations, the Securities and Exchange Commission (SEC) returned the S-1 forms to the issuers.
According to a source from The Block, the forms were returned with few comments. Issuers have been asked to resubmit the documents by July 8. 🧐
Bloomberg analyst Eric Balchunas adjusted his forecast, stating that the approval process will begin after July 8.
👀 During the latest round of negotiations, the Securities and Exchange Commission (SEC) returned the S-1 forms to the issuers.
According to a source from The Block, the forms were returned with few comments. Issuers have been asked to resubmit the documents by July 8. 🧐
Bloomberg analyst Eric Balchunas adjusted his forecast, stating that the approval process will begin after July 8.
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The co-founder of Kraken donated $1 million in crypto to Donald Trump's pre-election campaign
💰 The co-founder of Kraken, Jess Powell, donated $1 million, primarily in ETH, to Donald Trump's pre-election campaign.
He stated his support for "pro-crypto major party candidate".
Powell concluded his announcement with the hashtag #freeross, referencing Trump's promise to pardon Silk Road founder Ross Ulbricht. 🏴☠️
Previously, Gemini founders Cameron and Tyler Winklevoss donated $2 million in Bitcoin to Trump. However, part of the funds was returned due to exceeding the maximum allowable donation.🧐
💰 The co-founder of Kraken, Jess Powell, donated $1 million, primarily in ETH, to Donald Trump's pre-election campaign.
He stated his support for "pro-crypto major party candidate".
Powell concluded his announcement with the hashtag #freeross, referencing Trump's promise to pardon Silk Road founder Ross Ulbricht. 🏴☠️
Previously, Gemini founders Cameron and Tyler Winklevoss donated $2 million in Bitcoin to Trump. However, part of the funds was returned due to exceeding the maximum allowable donation.🧐
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21Shares has applied to launch a Solana ETF.
📝 Swiss company 21Shares has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to register an exchange-traded fund based on the cryptocurrency Solana (SOL).
👀 The product is expected to be listed on the Cboe BZX exchange, with the ticker yet to be specified. Coinbase Custody Trust Company will act as the custodian for SOL.
21Shares submitted the documents the day after VanEck. Previously, both companies filed updated applications for Ethereum spot ETFs.
📝 Swiss company 21Shares has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to register an exchange-traded fund based on the cryptocurrency Solana (SOL).
👀 The product is expected to be listed on the Cboe BZX exchange, with the ticker yet to be specified. Coinbase Custody Trust Company will act as the custodian for SOL.
21Shares submitted the documents the day after VanEck. Previously, both companies filed updated applications for Ethereum spot ETFs.
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Court Dismisses Some SEC Charges Against Binance and Changpeng Zhao
⚖️ The court has partially dismissed the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, though most of the charges will still be reviewed.
The court granted the exchange’s motion to dismiss the regulator’s claims regarding secondary sales of the BNB token, the offering of the BUSD stablecoin, and the Simple Earn product. 💰
👀 However, the review of SEC's charges related to the ICO and subsequent sales of BNB by the platform, the BNB Vault program, failure to register, and non-compliance with anti-fraud regulations will continue. The same applies to the staking service on Binance.US.
🤷 The charges against former Binance head Changpeng Zhao, alleging that he violated the Exchange Act as a controlling person, remain in the case.
⚖️ The court has partially dismissed the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, though most of the charges will still be reviewed.
The court granted the exchange’s motion to dismiss the regulator’s claims regarding secondary sales of the BNB token, the offering of the BUSD stablecoin, and the Simple Earn product. 💰
👀 However, the review of SEC's charges related to the ICO and subsequent sales of BNB by the platform, the BNB Vault program, failure to register, and non-compliance with anti-fraud regulations will continue. The same applies to the staking service on Binance.US.
🤷 The charges against former Binance head Changpeng Zhao, alleging that he violated the Exchange Act as a controlling person, remain in the case.
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Not yet a billionaire!
👀 The value of digital assets owned by Ethereum co-founder Vitalik Buterin exceeds $857.5 million, according to Arkham.
At the beginning of the year, the figure was $552.9 million. 📈
The majority of Buterin's wealth comes from the initial distribution of the second-largest cryptocurrency by market capitalization (246,730 ETH). His portfolio also includes other assets like KNC and WETH, but their combined share in his portfolio does not exceed 1%.
📊 Currently, Buterin is among the top 20 largest holders of ETH.
Although Vitalik Buterin is not a billionaire at the moment, he was one in 2021. This was at the peak of the previous Ethereum bull cycle when Buterin's wealth reached $2.09 billion with Ethereum priced at $4891. 💰
👀 The value of digital assets owned by Ethereum co-founder Vitalik Buterin exceeds $857.5 million, according to Arkham.
At the beginning of the year, the figure was $552.9 million. 📈
The majority of Buterin's wealth comes from the initial distribution of the second-largest cryptocurrency by market capitalization (246,730 ETH). His portfolio also includes other assets like KNC and WETH, but their combined share in his portfolio does not exceed 1%.
📊 Currently, Buterin is among the top 20 largest holders of ETH.
Although Vitalik Buterin is not a billionaire at the moment, he was one in 2021. This was at the peak of the previous Ethereum bull cycle when Buterin's wealth reached $2.09 billion with Ethereum priced at $4891. 💰
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The Number of Bitcoin ATMs Nears Record Levels!
📈 As of the end of June, the number of crypto ATMs worldwide reached 38,278 units, nearing the December 2022 peak of 39,541 devices, according to Coin ATM Radar data.
🚀 Since the beginning of the year, 2,564 new Bitcoin ATMs have been installed, increasing the total number by 17.8%. However, the sector also saw a loss of 2,861 units throughout 2023, a decrease of approximately 11.5%.
🇺🇸 The United States remains the undisputed leader, accounting for 82% (31,968) of the total number of crypto ATMs. 🇨🇦 Canada holds the second position with a 7.7% share (3,028). In April, 🇦🇺 Australia moved into third place, with its share reaching 2.8% (1,107).
📈 As of the end of June, the number of crypto ATMs worldwide reached 38,278 units, nearing the December 2022 peak of 39,541 devices, according to Coin ATM Radar data.
🚀 Since the beginning of the year, 2,564 new Bitcoin ATMs have been installed, increasing the total number by 17.8%. However, the sector also saw a loss of 2,861 units throughout 2023, a decrease of approximately 11.5%.
🇺🇸 The United States remains the undisputed leader, accounting for 82% (31,968) of the total number of crypto ATMs. 🇨🇦 Canada holds the second position with a 7.7% share (3,028). In April, 🇦🇺 Australia moved into third place, with its share reaching 2.8% (1,107).
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Activity in Runes Dropped by 90% 📉
Over the past week, miners earned less than 2 BTC from runes. 🤷
For example, on April 24, their profit was 884 BTC.
The number of transactions in runes has also dropped by nearly 90%.🧐
Over the past week, miners earned less than 2 BTC from runes. 🤷
For example, on April 24, their profit was 884 BTC.
The number of transactions in runes has also dropped by nearly 90%.🧐
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Sony Prepares to Launch Crypto Exchange in Japan! 🚀
🌐 Sony is set to enter the cryptocurrency exchange market in Japan by revamping the WhaleFin platform, which it acquired last year. Renamed to S.BLOX Co., the new exchange aims to collaborate with other Sony businesses to enhance its crypto trading services. The redesign includes a new user interface and a mobile app for easier use, though the exact launch date remains undisclosed.🧐
👀Originally, the platform was Japan's DeCurret exchange, acquired by Amber Group in 2022. Sony's subsidiary Quetta Web Co. took over in August 2023. This move aligns with Sony’s broader Web3 ambitions, including a partnership with blockchain firm Startale Labs to develop a public blockchain network.
🌐 Sony is set to enter the cryptocurrency exchange market in Japan by revamping the WhaleFin platform, which it acquired last year. Renamed to S.BLOX Co., the new exchange aims to collaborate with other Sony businesses to enhance its crypto trading services. The redesign includes a new user interface and a mobile app for easier use, though the exact launch date remains undisclosed.🧐
👀Originally, the platform was Japan's DeCurret exchange, acquired by Amber Group in 2022. Sony's subsidiary Quetta Web Co. took over in August 2023. This move aligns with Sony’s broader Web3 ambitions, including a partnership with blockchain firm Startale Labs to develop a public blockchain network.
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🇩🇪 The German government has transferred another 400 BTC ($25.2 million) to the crypto exchanges Bitstamp, Coinbase, and Kraken. – Arkham
German authorities have deposited 2700 BTC ($170 million) to exchanges in the past two weeks. 🧐
German authorities have deposited 2700 BTC ($170 million) to exchanges in the past two weeks. 🧐
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