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Current news from the world of cryptocurrencies and market analysis. Read us and have up-to-date information! We are open for cooperation: https://t.me/kryptoadv
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American spot ETFs purchased 6,470 bitcoins worth approximately $422 million during the trading session on July 16. Of this, $260 million was attributed to BlackRock's IBIT fund. Capital inflows into these funds have continued for 8 consecutive trading days. ๐Ÿ’ฐ

๐Ÿ“ˆ The price of bitcoin reached $66,000 on the night of July 17, surging by more than $10,000 after a dip earlier in the month.
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๐Ÿ‘€ Another perspective to compare the potential BTC sell-off from Mt. Gox (0.7% of the total BTC supply) is to look at it in relation to the size of upcoming token unlocks (Wormhole, Mode, The Sandbox, Avalanche). ๐Ÿง

Quite illustrative. ๐Ÿค”
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๐Ÿ‡ฉ๐Ÿ‡ช The German government has issued an official statement for the first time regarding the sale of 50,000 confiscated bitcoins. ๐Ÿ’ฐ

Previously, all sales were reported exclusively by third-party analysts based on wallet data. ๐Ÿ”

๐Ÿ‘€ According to the statement, 90% of the coins were sold through over-the-counter transactions without directly affecting the market price. ๐Ÿ“‰

๐Ÿ’ต The bitcoin sales were conducted under the so-called emergency sale as per the relevant article of the criminal code. The bitcoins were confiscated from the operators of the pirate site movie2k.

By law, if there is a risk of losing 10% or more of the confiscated asset's value, it must be sold even if the criminal proceedings are not completed. ๐Ÿค”

The revenue from the bitcoin sale amounted to โ‚ฌ2.64 billion. These funds will be added to the budget only after the final conclusion of the criminal proceedings.
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US Senator Who Criticized Bitcoin Found Guilty of Corruption

Bob Menendez, a Democratic senator from New Jersey who called the first cryptocurrency "the perfect choice for criminals," has been found guilty of accepting bribes in cash and gold bars. ๐Ÿ˜

๐Ÿ“บ According to NBC News, the jury agreed on all 16 counts, including bribery, extortion, acting as a foreign agent, obstruction of justice, and various conspiracy charges.
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Over 36% of MtGox's BTC has been distributed to creditors, with the trustee holding more than 140,000 BTC to be allocated over time. ๐Ÿง

๐Ÿ•ต๏ธโ€โ™‚๏ธ Most analysts believe that only a small number of users will sell their BTC, and the impact of these sales will be minor and short-lived.
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๐Ÿšจ WazirX Exchange Hacked! ๐Ÿšจ

๐Ÿ‡ฎ๐Ÿ‡ณ The Indian exchange WazirX was hacked through a compromised multi-signature ETH wallet.

๐Ÿ’ฐ Assets worth $234.9 million were transferred to a new address. The initiating party for each transaction was funded through the Tornado Cash mixer. ๐ŸŒช

The hacker has already swapped $PEPE, $GALA, and $USDT to $ETH and continues converting other digital assets. ๐Ÿ™€
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๐Ÿ˜‚ Meet the new cool crypto tickers: LMBO and REKT!

๐Ÿ‘€ ETF provider Direxion decided to have a little fun with us and launched two new funds to track the cryptocurrency market. The bullish fund is called LMBO (Laughing My Bitcoin Off), and the bearish one is REKT (Realizing Everyone's Kryptos Toast).

Now you can not only invest in crypto but also laugh at your investments! ๐Ÿ’ธ๐Ÿ“‰

Join the fun and decide whether you want to laugh or feel "rekt." ๐Ÿ˜†๐Ÿ‘‰
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๐Ÿš€ TON developers will build a bridge to Bitcoin

๐Ÿ’Ž The TON Foundation, the organization behind The Open Network (TON) blockchain, has announced the launch of a cross-chain bridge to transfer bitcoins to their platform.

๐Ÿ‘€ What does this mean?

TON Teleport BTC aims to engage Bitcoin holders in DeFi activities. This infrastructure will allow interaction with decentralized exchanges, lending platforms, and other applications within the TON ecosystem. ๐Ÿง

Each BTC on TON will be backed by real Bitcoin through a teleportation process to ensure transaction security.

๐Ÿš€ The launch of TON Teleport BTC is expected later this year.
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Vitalik Buterin, the co-founder of Ethereum, argues that supporting politicians just because they are "pro-crypto" can lead to ignoring the broader values that brought people into the crypto space in the first place. ๐Ÿง

๐Ÿฅท He reminds us that the cypherpunk movement, which inspired the creation of cryptocurrencies, was about much more than just money. It emphasized freedom, decentralization, and open technology to protect individual liberties. ๐Ÿ—ฝ

๐Ÿ‘€ Buterin highlights that focusing only on the right to trade coins can overlook other important freedoms like privacy of communication, digital identity, and access to information. Moreover, a politician's support for crypto now doesnโ€™t guarantee their stance won't change in the future. โณ

He advises the community not to stand with crypto-as-in-cryptocurrency but to stand with the deeper underlying goals of freedom and decentralization. It's crucial to ensure that the politicians supported align with these broader values, not just with short-term crypto gains.
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๐Ÿš€ Polymarket Bets Surge on Biden Withdrawing from Presidential Race!

๐Ÿ“ˆ On the crypto platform Polymarket, bets have surged on Joe Biden possibly withdrawing from the U.S. presidential race. The betting pool has now reached nearly $17 million, with 62% betting on this outcome.

๐Ÿฆ  Biden has contracted COVID-19 again and will be self-isolating.

๐Ÿ’ฌ Additionally, Biden voiced frustration with Elon Musk and his "rich buddies," accusing them of "trying to buy the election."

๐Ÿ“‰ Bets on Biden withdrawing hit 75% after his debates with Trump, dropped to 36%, and are now surging again.
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Mt.Gox Creditors Under Attack! ๐Ÿšจ

Clients of the bankrupt Mt.Gox exchange have reported mass attempts to breach their accounts on the subreddit r/mtgoxinsolvency. Hackers are trying to access accounts using brute force methods, but two-factor authentication (2FA) is stopping them. ๐Ÿ‘€

These hacking attempts occurred after the trustee team sent Mt.Gox crypto assets to Kraken for compensation payouts. ๐Ÿ’ฐ

One user speculated that the attackers might have a list of Mt.Gox email addresses and are trying to brute-force them, a method used in the past. ๐Ÿช“

๐Ÿฅท There are suspicions of a data leak from the platform or a system malfunction. Some users also reported a slowdown in the Mt.Gox website's performance, which is currently down for maintenance.
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The SEC has approved applications from Grayscale and ProShares to launch ETH-ETFs!

๐Ÿ‘€ The SEC has approved applications to launch a mini-ETF based on Ethereum from Grayscale and an exchange-traded fund from ProShares.

๐Ÿ’ฐ๐Ÿš€ Trading of these instruments is expected to start on July 23 โ€” by this date, other issuers of spot ETH-ETFs will have fully complied with the SEC's requirements.

The products do not currently include staking, but this may change in the future.๐Ÿค”
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๐Ÿšจ A global disruption in the IT sector has occurred due to the interaction between cyber security company Crowdstrike and Windows

Numerous companies, including banks, mobile operators, and even airlines, are facing serious issues:

โ–ช๏ธAmerican Airlines has grounded all its planes.

โ–ช๏ธ United Airlines and Delta Airlines have suspended flights due to communication problems.

โ–ช๏ธTurkish Airlines is experiencing booking issues.

โ–ช๏ธAirports in Spain may see flight delays.

โ–ช๏ธAustralian broadcaster ABC reported a global technical failure.

โ–ช๏ธResidents of Alaska are unable to call emergency services due to a major local communication breakdown.

โ–ช๏ธWindows users with CrowdStrike installed are encountering blue screens of death. โ˜ ๏ธ
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Donald Trump might appoint JPMorgan's CEO as Treasury Secretary if he wins the US presidential election. ๐Ÿง

Previously, Jamie Dimon called Bitcoin a "Ponzi scheme" and criticized it heavily. ๐Ÿคท

However, Trump stated that Dimon "has changed his tune" about Bitcoin. ๐Ÿ˜

It seems Vitalik Buterin's concerns that politicians supporting cryptocurrency might do so only to achieve their own goals and can change their "beliefs" on the fly are not unfounded. ๐Ÿ‘€
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Mike Novogratz announced the purchase of $ 1 billion worth of ETH! ๐Ÿš€

Galaxy Digital, led by Michael Novogratz, has acquired most of CryptoManufaktur's Ethereum assets, boosting its staking portfolio by 43%! ๐Ÿ’ฐ

Acquired assets add $1 billion in Ethereum stakes, raising Galaxy's total to $3.3 billion. ๐Ÿ™€

CMFโ€™s team, including founder Thorsten Behrens, joins Galaxyโ€™s blockchain infrastructure team.

This move enhances Galaxyโ€™s position as a key technical partner in the digital asset ecosystem. ๐Ÿ“ˆ
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๐Ÿš€ New Decentralized "ChatGPT": Venice AI

Venice AI, a decentralized generative AI model, has joined the internet and now operates in real-time!

๐ŸŒ Launched in May by ShapeShift founder Erik Voorhees, Venice AI focuses on privacy and positions itself as an alternative to centralized models like ChatGPT (OpenAI), Claude (Anthropic), and Gemini (Google).

๐Ÿ•’ Previously limited by two-year-old knowledge, Venice AI now provides up-to-date information with source links.

๐Ÿ”’ Unlike ChatGPT, Claude, and Gemini, Venice AI ensures all conversations are confidential, requiring no permissions. Data is stored locally in your browser, and Venice never censors AI responses.

๐Ÿ” Venice AI uses the privacy-focused Brave browser API for internet searches.

Conversations with Venice AI are stored locally and not sent to company servers. Users can transfer conversations to other devices with an encrypted link using the "Share" button.
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๐Ÿšจ Pixelverse: A Scam Project?

The app is down, and users are left holding their tokens while the team pumps the token by 300%. The peak price was $0.097, now it's $0.08925. ๐Ÿ“ˆ

Listing the token while leaving users with the airdrop aside = "successful listing" ?๐Ÿคฌ
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Durov Announced an App Store and Browser in Telegram

๐Ÿ’Ž Telegram will feature a mini app store and a built-in browser with support for Web3 pages by the end of July, announced the messenger's founder, Pavel Durov.

๐Ÿ‘€ Additionally, Telegram will intensify efforts to combat scammers. Public accounts will display the registration month and primary country, similar to Instagram.

"We will also allow organizations to use their mini apps to issue labels for channels, creating a decentralized marketplace for third-party verification,"


- wrote Durov.
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๐Ÿšจ UK to Sell $5 Billion Worth of Confiscated BTC

The UK is ready to sell $5 billion worth of confiscated BTC due to the challenging economic situation in the country. ๐Ÿ’ฐ

As if Germany and Mt. Gox weren't enough? ๐Ÿคฆโ€โ™‚๏ธ
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According to data released by the Chicago Board Options Exchange (Cboe), trading of spot Ethereum ETFs by leading financial institutionsโ€”VanEck, Invesco, Fidelity, 21Shares, and Franklin Templetonโ€”will commence on July 23.
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The Bitcoins sold by the German government have increased in value by nearly $500 million since then. ๐Ÿ˜
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