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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Vitalik Buterin Criticizes Current Digital Asset Regulation
And once again about Vitalik Buterin 😉
🗣 The co-founder of Ethereum has criticized the current regulation of cryptocurrencies, stating that honest developers have been cornered.
👀 In his opinion, projects with vague promises of potential returns remain outside the regulators' attention, while honest and transparent projects are immediately classified as "securities."
Buterin called this an anarcho-tyranny, where acting honestly becomes risky. As a result, the industry attracts less scrupulous projects. 🤔
😳 He believes it should be the other way around: regulators should pay more attention to projects without a clear long-term strategy rather than those that provide a clear justification of their economic value.
And once again about Vitalik Buterin 😉
🗣 The co-founder of Ethereum has criticized the current regulation of cryptocurrencies, stating that honest developers have been cornered.
👀 In his opinion, projects with vague promises of potential returns remain outside the regulators' attention, while honest and transparent projects are immediately classified as "securities."
Buterin called this an anarcho-tyranny, where acting honestly becomes risky. As a result, the industry attracts less scrupulous projects. 🤔
😳 He believes it should be the other way around: regulators should pay more attention to projects without a clear long-term strategy rather than those that provide a clear justification of their economic value.
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📉 Billionaire Peter Thiel is Uncertain About a Significant BTC Increase
The PayPal co-founder doesn’t know when a new "batch of buyers" will enter the market, as all attention is currently focused on the Bitcoin ETF. 🧐
It’s worth noting that Thiel’s fund invested in Bitcoin back in 2014, and in 2022, it realized a profit of $1.8 billion before the price drop.
👀 It turns out that his vision of the first cryptocurrency didn’t align with reality. Initially, he saw BTC as anarchic, government-resistant money, but:
The PayPal co-founder doesn’t know when a new "batch of buyers" will enter the market, as all attention is currently focused on the Bitcoin ETF. 🧐
It’s worth noting that Thiel’s fund invested in Bitcoin back in 2014, and in 2022, it realized a profit of $1.8 billion before the price drop.
👀 It turns out that his vision of the first cryptocurrency didn’t align with reality. Initially, he saw BTC as anarchic, government-resistant money, but:
“When people in the FBI tell me that they’d much rather have criminals use Bitcoin than $100 bills it suggests that maybe it’s not quite working the way it was supposed to.
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Tether Enables Filipinos to Pay Social Contributions with USDT
🤝 Tether has partnered with the Uquid platform to allow Filipinos to pay their social contributions using USDT on the TON blockchain.
🇵🇭 The Philippine Social Security System is a government program that provides social services and insurance for workers across various sectors of the economy, including formal, informal, and private sectors.
🤝 Tether has partnered with the Uquid platform to allow Filipinos to pay their social contributions using USDT on the TON blockchain.
🇵🇭 The Philippine Social Security System is a government program that provides social services and insurance for workers across various sectors of the economy, including formal, informal, and private sectors.
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Circle Obtains MiCA-Compatible License
Circle has become the first stablecoin issuer to receive a license compatible with the European MiCA regulations.
USDC and EURC are now officially authorized in the EU. 🧐
Circle has become the first stablecoin issuer to receive a license compatible with the European MiCA regulations.
USDC and EURC are now officially authorized in the EU. 🧐
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The streak of inflows into Bitcoin ETFs extended for the fifth consecutive day
📈 On July 1st, net inflows into spot Bitcoin ETFs totaled $129.5 million, as reported by SoSoValue.
In the past five trading days, a cumulative $266.8 million has flowed into these products, bringing the total since approval to $14.65 billion. 💰
Total assets under management approached $54.9 billion.
Leading in inflows on July 1st were Fidelity's FBTC ($65 million), Bitwise's BITB ($41 million), Ark Invest's ARKB ($13 million), VanEck's HODL ($5 million), Invesco's BTCO ($3 million), and Franklin Templeton's EZBC ($2 million). No changes were reported for other instruments. 🤷
📈 On July 1st, net inflows into spot Bitcoin ETFs totaled $129.5 million, as reported by SoSoValue.
In the past five trading days, a cumulative $266.8 million has flowed into these products, bringing the total since approval to $14.65 billion. 💰
Total assets under management approached $54.9 billion.
Leading in inflows on July 1st were Fidelity's FBTC ($65 million), Bitwise's BITB ($41 million), Ark Invest's ARKB ($13 million), VanEck's HODL ($5 million), Invesco's BTCO ($3 million), and Franklin Templeton's EZBC ($2 million). No changes were reported for other instruments. 🤷
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Bitcoin miners have sharply reduced their own reserves, selling over 2,300 BTC worth $145 million in the last 72 hours. They say miners aren't giving up, right? 🧐
🐳 Another Bitcoin address, dormant since 2011 and containing 33 BTC ($2.142 million), woke up today and transferred all its coins. Feels like the crypto community went into mass hibernation for 13 years 😂.
🇺🇸 The U.S. Department of Justice has officially selected Coinbase Prime to store and trade confiscated cryptocurrencies. Well, well, who else, not choosing Binance, huh? 😁
🇩🇪 Meanwhile, the German government has sent another 282 BTC ($17.6 million) from the wallets of German authorities to cryptocurrency exchanges Coinbase, Kraken and Bitstamp. There are now 43,859 BTC ($2.7 billion) remaining in balance.
🐳 Another Bitcoin address, dormant since 2011 and containing 33 BTC ($2.142 million), woke up today and transferred all its coins. Feels like the crypto community went into mass hibernation for 13 years 😂.
🇺🇸 The U.S. Department of Justice has officially selected Coinbase Prime to store and trade confiscated cryptocurrencies. Well, well, who else, not choosing Binance, huh? 😁
🇩🇪 Meanwhile, the German government has sent another 282 BTC ($17.6 million) from the wallets of German authorities to cryptocurrency exchanges Coinbase, Kraken and Bitstamp. There are now 43,859 BTC ($2.7 billion) remaining in balance.
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The Polkadot team spent $37,000,000 on marketing campaigns over 6 months. 🙀
🗣 At the current spending rate, Polkadot has funds left for 2 more years – the community criticizes the high project expenditures on PR that doesn't yield results.
Victor Ji, founder of Manta Network, critiques Polkadot also:
▪️Polkadot lacks value for Web3 and isn't user-oriented.
▪️It not truly decentralized.
▪️Manta focuses on Ethereum L2 due to Polkadot's perceived stagnation.
▪️Most importantly: the entire Polkadot ecosystem is essentially dead.
🗣 At the current spending rate, Polkadot has funds left for 2 more years – the community criticizes the high project expenditures on PR that doesn't yield results.
Victor Ji, founder of Manta Network, critiques Polkadot also:
▪️Polkadot lacks value for Web3 and isn't user-oriented.
▪️It not truly decentralized.
▪️Manta focuses on Ethereum L2 due to Polkadot's perceived stagnation.
▪️Most importantly: the entire Polkadot ecosystem is essentially dead.
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After a 'red' June for Bitcoin, a typically 'green July' tends to follow, considering BTC returns from 2013 to 2023. - Coinglass.
👀 Let's see if this trend continues.
👀 Let's see if this trend continues.
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Vitalik Buterin has proposed a technology capable of accelerating transaction confirmation times on the Ethereum network from 5-20 seconds to just a few milliseconds. 🧐
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Uniswap Wallet will add fiat support through a partnership with Transak
🦄 Developers of the non-custodial Uniswap Wallet will enable cryptocurrency purchases with fiat using Apple Pay, Google Pay, and bank cards. This is made possible through a partnership with payment company Transak.
🤝 The collaboration eliminates the need for fund transfers from centralized exchanges and potentially lowers barriers for new users. They can expect a 'smooth and intuitive DeFi onboarding experience.'
Transak offers 'a vast array of global and local payment methods' across 160 countries worldwide.
Uniswap Wallet will also integrate with a 'sibling' DEX, facilitating token exchange and trading within the application.
🦄 Developers of the non-custodial Uniswap Wallet will enable cryptocurrency purchases with fiat using Apple Pay, Google Pay, and bank cards. This is made possible through a partnership with payment company Transak.
🤝 The collaboration eliminates the need for fund transfers from centralized exchanges and potentially lowers barriers for new users. They can expect a 'smooth and intuitive DeFi onboarding experience.'
Transak offers 'a vast array of global and local payment methods' across 160 countries worldwide.
Uniswap Wallet will also integrate with a 'sibling' DEX, facilitating token exchange and trading within the application.
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The President of ETF Store believes that trading of the Ethereum ETF will commence on July 15th.
Nate Geraci, President of ETF Store, expects trading of the Ethereum ETF to begin in mid-July. 📊
Revised S-1 forms will be submitted on July 8th, with the final version potentially appearing on July 12th. 🧐
According to his opinion, trading could commence on July 15th.
Nate Geraci, President of ETF Store, expects trading of the Ethereum ETF to begin in mid-July. 📊
Revised S-1 forms will be submitted on July 8th, with the final version potentially appearing on July 12th. 🧐
According to his opinion, trading could commence on July 15th.
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