Crypto World Highlights for July 2nd

-Market Trends and Projections

July could be a strong month for Bitcoin and Ether, based on historical trends with Bitcoin showing a median return of 9.6% in July, according to analysts from QCP Capital and Coinbase.

Bitcoin's potential rebound may face resistance at $65K, as on-chain analysis shows that short-term holders' wallets sitting on losses might liquidate holdings, potentially capping price gains.

The question of whether sub-$60K was a bear trap is discussed, with Bitcoin teasing a return of the bull market as monthly and quarterly closes save BTC price action from major losses.

-Corporate and Institutional Engagements

Sony Group is entering the Bitcoin market by acquiring Amber Japan and relaunching it as the S.BLOX Bitcoin and crypto exchange.

The U.S. Marshals Service has chosen Coinbase for crypto custody needs, despite ongoing SEC aggression against the platform.

Metaplanet continues its Bitcoin investment strategy, purchasing an additional $1.2M worth of Bitcoin, now holding 905 BTC in its treasury.

Bitfarms reported a 21% increase in bitcoin mining output in June, mining 189 bitcoins and selling 134 to raise $8.8 million.

-Regulatory Actions and Developments

The SEC has accused Silvergate of misleading the public post-FTX collapse, filing a suit against former executives and the bank.

Circle obtains the first stablecoin license under the EU's new MiCA crypto rules, planning to issue EURC and USDC in compliance with European regulations.

-Mining and Hashrate Dynamics

Bitcoin hashrate drawdown reaches levels seen during the December 2022 market lows, potentially signaling accumulation opportunities as the metric is used to spot relative bottom points in Bitcoin's market price.

-Governmental Crypto Movements

Significant crypto transfers by the German and U.S. governments have drawn market attention, involving large amounts of Bitcoin and Ethereum.

#GoMining #MarketNews

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#GoMining #NFT #WeeklyRaffle

🔄 The Results of Our 45th Burn & Mint Cycle!

🔥 2,467,320 GOMINING tokens were burned;
🔨 2,047,875 GOMINING tokens have since been minted.

They were allocated as follows:

⚡️ 1,331,119 to the Service Provider;
🔒 409,575 to the owners of veGOMINING votes;
🪙 204,788 to GoMining Rewards;
👥 102,394 to the GoMining team.

The voting results for the 46th cycle are:

📌 Extra Solo mining discount is 2.49%;
📌 Pool mining multiplier is 1.01х;
📌 The Greedy Machines power has increased by 0.13% for each NFT sold from this collection.

🎊 Access Your Weekly Perks!
Make sure your GOMINING tokens are secured in veGOMINING - My Lock section to start receiving your consistent rewards.

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#GoMining #NFT #BurnMint

Join the KuCoin AMA with GoMining, $555 in GOMINING & 3 NFT Miners (worth $900) will be given away!

⏰ Date: July 4, 2024 at 12:00 PM (UTC+2)
📍 KuCoin Twitter Space
💬 Speakers: GoMining CEO Mark Zalan & KuCoin Europe Business Development Lead Dorian Vincileoni

⚙️ Our speakers will cover the future of Bitcoin, particularly the long-term prospects of BTC, and what potential value GoMining can add to the development of the Bitcoin ecosystem. They will also discuss the consequences of the recent halving for miners.
🔥 Mark Zalan will additionally talk about GoMining's unique tokenomics. Stay tuned, because you definitely don't want to miss that!

🗣 Keep in mind that after the discussion wraps up, you'll have the opportunity to ask any questions you may have.

🎁 The individuals who send in the 10 best questions will receive GOMINING tokens, while the very best of the best will also take home 3 NFT miners (worth $900)!
❗️Please note that to participate, you need to submit your questions via the Gleam form below!
👉 https://gleam.io/mRlf2/kucoin-gomining-giveaway

The top questions will be handpicked by our speakers after the event.

All winners will be rewarded within 3 days🎁

Sign up on KuCoin to receive your rewards.

#KuCoinAMA #GoMiningAMA

Crypto World Highlights for July 3rd

-Market Trends and Trading Insights

Bitcoin's trend change decision is pegged at $65,000, where short-term traders break even and leveraged shorts risk major washouts.

Despite the U.S. dollar's strength, Bitcoin remains resilient, showing stability amid broader financial market fluctuations.

Bitcoin traders are positioning for a "Bullish July," as BTC ETFs record $124M in inflows, reflecting optimism based on historical July performance.

Spot Bitcoin ETFs saw their largest inflow in a month at $129 million, indicating growing investor confidence as historically positive July seasonality approaches.

-Corporate Performance and Strategies

CleanSpark exceeded its mid-year hashrate target, mining 445 bitcoins last month and reaching an operational hashrate of 20 EH/s.

Over 50% of U.S. hedge funds now have exposure to Bitcoin, with BTC outperforming stocks in 2024; Millennium Management is notably invested.

-Regulatory and Legal Developments

Ethereum products see the highest outflows since 2022 ahead of the anticipated Ether ETFs, recording $60 million in net outflows each week.

Celsius Network has initiated legal actions to recover funds from pre-bankruptcy withdrawals, targeting those with significant Withdrawal Preference Exposure.

-Government Actions and Economic Policies

The German government has transferred another $52M in Bitcoin, potentially increasing market selling pressure as plans to sell its substantial BTC holdings unfold.

Polkadot's treasury spending has been scrutinized, with current rates indicating it will last 2 years at the current expenditure, primarily on marketing activities.

-Innovations and Future Prospects

Robinhood is gearing up to list crypto futures in the U.S. and Europe, utilizing Bitstamp's licenses to offer perpetual futures, signaling expansion and adaptation in response to evolving market demands.

#GoMining #MarketNews

🎉 We're thrilled to announce the winners of the meme contest!😃

We had a lot of participants who submitted some totally amazing work, including drawings, songs, and videos. Thank you for your creativity and imagination!

Our Winners:

🥇 1st Place and 500 GOMINING tokens go to @Brianworkerr and his stellar work #GoMining TO MARS. Your meticulous and painstaking effort didn't go unnoticed; hats off to you.
🥈 2nd Place: 300 GOMINING tokens for a funny meme by @TeeposhT.
🥉 3rd Place: 200 GOMINING tokens go to a heartwarming meme by @aripudin99.
🎖️ 4th-6th Place: 1TH NFT each go to
meme #4 by @MihanCryptoman,
meme #5 by @Luiz_Flavio, and
meme #6 by @zoroweb3.

🏆 Winners, please contact us on Twitter to confirm your User ID.

😀 Thank you to everyone who participated, it was truly fun, and we had a tough time choosing the winners!🙌

Don't be discouraged if you didn't win this time because a new contest is just around the corner.
Stay tuned to our social media, and subscribe to our Telegram News channel where we post the hottest updates! 🔥

🚀 Stay connected to always be in the loop about GoMining events and mining market news.

#GoMining #NFT #MemeContest

🚨 Reminder! Join the KuCoin AMA with GoMining TODAY!

Don't miss out on the chance to win $555 in GOMINING tokens & 3 NFT Miners (worth $900)!

⏰ Date: Today, July 4, 2024
🕛 Time: 12:00 PM (UTC+2)
📍 KuCoin Twitter Space

🎙 Speakers:

GoMining CEO Mark Zalan
KuCoin Europe Business Dev Lead Dorian Vincileoni

💬 Topics:

📍Future of Bitcoin & BTC prospects
📍Impact of recent halving on miners
📍Unique tokenomics of GoMining

🎁 Submit your questions via Gleam for a chance to win big prizes! 👉 https://gleam.io/mRlf2/kucoin-gomining-giveaway

#KuCoinAMA #GoMiningAMA #CryptoGiveaway #Bitcoin #CryptoEvents

🚨 Reminder! The KuCoin AMA with GoMining starts in 1 hour! 🚀

🎙 Don't miss GoMining CEO Mark Zalan & KuCoin's Dorian Vincileoni discussing Bitcoin's future, recent halving impacts, and GoMining's tokenomics.

🎁 Win $555 in GOMINING tokens & 3 NFT Miners! Submit your questions here 👉 https://gleam.io/mRlf2/kucoin-gomining-giveaway

⏰ Today at 12:00 PM (UTC+2) on KuCoin Twitter Space 👀

#KuCoin #GoMining #AMA #Giveaway

🚀 Reminder: Don't miss our GOMINING token promo on the TON network! 🎉

GOMINING tokens are now available on the TON network. To celebrate, we're offering an exclusive 5% cashback for TON users! 🤑

🗓 Promo Duration: July 1st - July 8th 12:00 PM UTC.

🏆 Eligibility: Spend GOMINING tokens on the TON network by creating digital miners in the "Create Miner" section or purchasing upgrades.

💰 Cashback: Paid at the end of the promo period in GOMINING to your virtual wallet.

Bonus! One winner will receive a GoMiner avatar at the end of the promo.

📋How to Buy GOMINING on TON:

Link your TON wallet if you haven't done so yet. Here's a guide on 👉 how to add a TON wallet 👀
Buy your GOMINING on TON. You can buy GOMINING on TON using crypto or credit card payments 👉 here 👀

❗️IMPORTANT! Choose your TON wallet address as a recipient address.

How to Take Part:

📍Make your choice: Select the miner or upgrade you want to purchase.
📍Choose your payment method: Select "By crypto" and then choose "GOMINING."
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Note! The cashback is only valid for purchases made in the "Create Miner" section and does not apply to the secondary market and electricity payments.

#GoMining #Miner #TON

Crypto World Highlights for July 4th

-Market Conditions and Bitcoin's Price Movement

Bitcoin trades below $61,000 as equity indices hit new highs, with the S&P 500 reaching an all-time high of 5,509, despite Federal Reserve Chair Jerome Powell's remarks on inflation progress.

Miner capitulation levels are now similar to those at the end of 2022, signaling a potential market bottom similar to post-FTX implosion, according to CryptoQuant.

Bitcoin's volatility is compressing, suggesting an upcoming sharp range expansion, indicating an “enthusiastic” trading phase.

-Historical Trends and Predictions

Historical data shows Bitcoin price surges following halving events, indicating a consistent trend of cyclical surges post-halving.

-Regulatory and Political Landscapes

Ahead of the U.K. election, major parties remain silent on crypto issues, with no significant discussion or campaign promises concerning cryptocurrency regulation or policies.

-Mining and Environmental Impact

Bitcoin miners like Marathon and Riot have doubled their hashrate year-over-year, along with other firms reporting various levels of growth.

Big Tech companies have produced more carbon emissions since 2019 than all bitcoin mining combined, raising concerns about the environmental impact of emerging technologies like AI.

-Market Liquidity and Government Actions

BloFin analysts warn of low crypto market liquidity amid macroeconomic shifts, noting that Bitcoin faces high downward risk if an unexpected event occurs.

The U.S. and German governments have transferred $738M in Bitcoin to exchanges over the last two weeks, potentially signaling either a market top or bottom.

-Corporate Acquisitions and Innovations

Consensys has acquired Wallet Guard Safety Tool, integrating new technology and talent to enhance MetaMask's security features.

#GoMining #MarketNews

🚀 GoMining News #1 🚀

Greetings and welcome to our new format — the Product News Digest! From now on, we'll be going live every two weeks. Fasten your seatbelt and get ready for a journey through the updates and features we've recently added to the GoMining platform.

🔍 What's Inside:

📍TON-Native GOMINING Token

Everyone can now purchase and update digital miners using GOMINING on the TON blockchain. And you can even get a 5% discount for this! You can find out how on our campaign's landing page.

📍Manual BTC Withdrawals

In addition to the automatic send feature, there is now an option for manual BTC withdrawals earned as mining rewards. We are pleased to offer our users convenience and flexibility in managing their rewards.

📍Primary and Secondary Markets United Into One Marketplace

Updates have also taken place on our GoMining trading platform — users can now choose between all existing offers in a "one-stop shop" mode, comparing offers from miner holders with actual prices on miners from The Mine Box.

Don't miss out on any details — check out the full update in our blog!

👉 Read more in our blog

Stay tuned and happy mining! ⛏️

#GoMining #Product #Updates

🎓 GoMining Academy: Debunking Bitcoin Myths Part 3

We're concluding our series on Bitcoin myths by addressing three more misconceptions. Let's dive in and clear the air once and for all.

🔍 Myth 7: Bitcoin Transactions Are Slow and Costly
Many believe Bitcoin transactions take too long and are too expensive, particularly during peak times. While this was true in the past, technological advancements like the Lightning Network have significantly improved transaction speeds and reduced costs. By enabling off-chain settlements, the Lightning Network ensures that Bitcoin remains a viable and efficient option for everyday use.

🔍 Myth 8: Altcoins Will Make Bitcoin Obsolete
There's a notion that the rise of altcoins will overshadow Bitcoin. Despite the emergence of many cryptocurrencies, Bitcoin remains the most dominant and trusted due to its first-mover advantage and established network. Altcoins may offer unique features, but Bitcoin's decentralization and robust security continue to make it the leading crypto.

🔍 Myth 9: Bitcoin Has No Practical Applications
Critics argue that Bitcoin is impractical and lacks real-world uses. On the contrary, Bitcoin is increasingly utilized across various sectors. It serves as a reliable store of value, a means of exchange, and a hedge against inflation. Furthermore, Bitcoin and its underlying blockchain technology are transforming industries by enabling secure cross-border transactions, transparent supply chain management, and fostering financial inclusion.

💎 Understanding the reality behind Bitcoin myths is essential. For those eager to explore bitcoin mining, debunking these misconceptions is just the beginning. GoMining offers an accessible entry point through digital miners that leverage real power.

Discover more and start your mining journey at 👉 gomining.com.

#GoMiningAcademy #Bitcoin

Crypto World Highlights for July 5th

-Market Trends and Movements

Bitcoin has dropped below its 200-day moving average, signaling potential entry into a downtrend and focusing attention on critical bull market trendlines.

Bitcoin's stability may face greater threats from short-term holders (STH) than from the Mt. Gox payouts, with analysts predicting minimal market disruption from the repayments but significant potential impact from STH losses.

A significant Bitcoin sell-off by a whale led to $310 million being liquidated in 24 hours, driving the price potentially towards the low $50,000s, according to market analysts.

-Corporate and Governmental Actions

Mt. Gox moved nearly 47,229 BTC ahead of a planned $9 billion payout, raising concerns over potential market impacts due to these large transfers.

Justin Sun has offered to buy the German government's $2.3 billion Bitcoin stack to minimize market impact, as the government-linked wallet has been actively selling its holdings.

The U.S. and German governments have recently moved $738 million in Bitcoin to exchanges, stirring debates on whether this indicates a market top or bottom signal.

-Investment and Economic Indicators

Over 50% of U.S. hedge funds now hold Bitcoin, as BTC continues to perform robustly against stocks in 2024, with significant holdings by major firms like Millennium Management.

Spot Ethereum ETFs are anticipated to launch by mid-July, as recent regulatory comments have not introduced significant hurdles, according to Bloomberg analysts.

-Political and Regulatory Developments

Following a landslide win by the U.K. Labour Party, the cryptocurrency sector is watching closely to determine how the new government will approach crypto regulations and policies.

Bittensor identified a vulnerability behind an $8 million exploit, with a post-mortem revealing the attack was linked to a malicious package upload, highlighting ongoing security challenges in crypto networks.

#GoMining #MarketNews

Hey GoMiner!👋

We've got a big announcement… GOMINING is getting listed on HTX!

🚀This listing is one more step toward greater availability, liquidity, and increased use of our token.

Don't miss out!

Key Dates:

🗓️ Deposits: Open at 12:00 PM (UTC) on July 6th, 2024.
🗓️ Spot Trading (GOMINING/USDT): Opens at 9:00 AM (UTC) on July 8th, 2024.
🗓️ Withdrawals: Open at 9:00 AM (UTC) on July 9th, 2024.

💎 Demand for our token is driven by the growth in TH purchases, while the deflationary design of our tokenomics ensures a decreasing supply.

Watch out for updates!

🔥 Look beyond s#tcoins, get serious.

#GoMining #HTX #Listing

📈 GoMining Secondary Market Weekly Update!

💸 Over the past week, the trading volume hit a remarkable 1,745,853 $GOMINING tokens.

🏆 Top Sales Performance:

💎 GIFT 0201: Reached $171/1 TH
💎 GIFT 0212: Sold for $141/1 TH
💎 GIFT 0390: Closed at $129/1 TH

🛒 Enhance Your NFT Experience:
Conduct secure transactions on our official marketplace. Newly purchased NFTs are instantly credited to your GoMining account.

🔍 Explore our marketplace here 👉 app.gmt.io/nft

📘 Need assistance with buying and selling? Visit our FAQ for comprehensive information on payment methods and wallet management at 👉 help.nft.gomining.com/faq/buying-and-selling

Join the market today and enhance your crypto journey! 🚀

#GoMining #NFT #MarketUpdate

Dear GoMining Users,

🎙Amidst the increased volatility in the cryptocurrency market, our team is working hard to guarantee a smooth, secure, and efficient mining experience for everyone. We would like to share information on the reasons behind this decline and explain how you can take advantage of the situation.

📈Reasons for the Bitcoin Price Decline:

Compensation for Mt. Gox Clients: The announcement of a payout of 142,000 BTC by Mt. Gox has led to market reactions. If these clients decide to sell, it could significantly lower the price.

Actions by the German Government: The German government has moved part of its confiscated bitcoin reserves to exchanges, likely for sale. They still hold around 44,000 BTC, and the market fears that these could also be sold.

Liquidation of LONG Positions: Over the past day, LONG positions worth more than $500 million have been liquidated, provoking the sale of collateral positions.

Although these events have influenced the current market state and the Bitcoin price, remember that panic rarely turns out to be a winning strategy. Considering all potential risks and opportunities is essential during these market-shaking periods.

⛏️Opportunities for Miners:

Pool Payouts: Currently, the pool payout for 1 TH is 0.00000082 BTC. Many miners around the world will not be able to withstand such a low bitcoin price and will be forced to shut down their equipment. This will lead to an increase in pool payouts.

Favorable Position for GoMining Clients: You have access to paying electricity bills for your digital miners at a rate of $0.05, significantly below the average market price. Additionally, you are eligible for additional discounts on maintenance for up to 20%.

✅ Please check the Maintenance Discount section on the home screen of your app to see your current discount and how to increase it.

➡️ For more detailed information, please read our 👉latest blog post here.

🌟 Stay informed and take advantage of the current market situation with GoMining.

#GoMining #NFT

GM GoMiners! 🌞 Wishing you a weekend full of rest and success! 💎

🚀 GoMarket Weekly #17🚀

We’re excited to bring you the latest edition of GoMarket Weekly, authored by Mike Ermolaev, our go-to crypto market analyst! This week, we dive into Bitcoin's recent drop, Ethereum's ETF developments, and Vitalik Buterin's proposals for faster transactions. The latest trends in mining and regulatory developments are also covered here – get the insight you need to stay up-to-date.

🔍 Bitcoin's Sell-Pressure Factors🔍
Over the past week, Bitcoin experienced a decline of around 11%. Key factors include the Federal Reserve's cautious stance on rate cuts, weak jobs data, and political uncertainties. The latest job openings data showed 8.14 million jobs at the end of May, but rising weekly jobless claims and a climbing unemployment rate are causing concern. Additionally, uncertainty over the U.S. presidential elections adds to the market unease.

🇩🇪 BTC Transfers by the German Government 🇩🇪
In the last four days, the German Federal Criminal Police Office (BKA) transferred 3,219 BTC (worth around $174.17 million) to various external wallets, increasing market uncertainty and selling pressure.

🗞️ Mt. Gox Bitcoin Release🗞️
Mt. Gox has begun repayments to customers, potentially releasing up to 140,000 BTC into the market, further contributing to market volatility.

📉 Renewed Sell-Offs by Long-Term Holders📉
Long-term Bitcoin holders have resumed sell-offs after halting in early May, also contributing to market uncertainties. Despite this, Standard Chartered Bank predicts Bitcoin could hit $100,000 by the year's end.

📈 Bitcoin ETF Flows Show Positive Sentiment 📈
Between June 28 and July 3, Bitcoin ETFs saw net inflows of $188.3 million, reflecting growing investor enthusiasm.

🌐 Upcoming ETH ETF Launch & Buterin's Proposal for Faster Transactions 🌐
The launch of spot ETH ETFs is expected to bring in $1.4–$4.5 billion in inflows over the next six months. Also, Vitalik Buterin has proposed a new method to accelerate transactions on Ethereum through a single-slot finality (SSF) system. Is Ethereum poised to take the lead in the blockchain sprint with this latest innovation?

🛡️ New Solana ETF Filings, IRS Crypto Reporting Requirements & SEC Action Against Consensys 🛡️
21Shares filed for a Solana-based ETF, following VanEck's similar filing. Meanwhile, the IRS introduced new regulations requiring cryptocurrency brokers to file 1099 forms starting in 2025 and track the cost basis for customers' tokens beginning in 2026. Also, the SEC took action against Consensys for unregistered securities sales.

⛏️ Decrease in Bitcoin Miner Withdrawals ⛏️
Bitcoin miner withdrawals have decreased significantly, dropping by approximately 72% from the recent peak on June 29, when withdrawals reached 82,122 BTC. A stark decline in miner sales weighs in favor of Bitcoin, hinting that the floodgates may soon open for price gains if the market can absorb the remaining supply.

🔗 Get the inside story – see the full analysis here 🔗

Don’t miss out on the latest updates – stay tuned!

#GoMining #GoMarket #NFT #MarketReview

🚀 Wrapping Up the KuCoin AMA With GoMining! 🚀

🎙If you missed the event, you can listen to it.

📝 We'll soon provide a recap for those who prefer reading.

🎁 Now, it's time to announce our grand prizes!

Our speakers, GoMining CEO Mark Zalan & KuCoin Europe Business Dev Lead Dorian Vincileoni, have selected the winners who asked the best questions.

Here are our lucky winners:

🥇 1st Place: 400 GOMINING tokens + 1 NFT go to lvaro2978926383
🥈 2nd Place: 350 GOMINING tokens + 1 NFT go to MihanCryptoman
🥉 3rd Place: 300 GOMINING tokens + 1 NFT go to MichaleTic39798
🏅 4th Place: 250 GOMINING tokens go to PosadasSir
🏅 5th Place: 200 GOMINING tokens go to AllenjBig
🏅 6th Place: 150 GOMINING tokens go to marcosanf4p
🏅 7th Place: 100 GOMINING tokens go to otteo_teotto
🏅 8th Place: 100 GOMINING tokens go to Peukiii
🏅 9th Place: 75 GOMINING tokens go to AavoKask
🏅 10th Place: 75 GOMINING tokens go to bitcoinking100


🏆 Winners, please contact us on X (formerly Twitter) to confirm your KuCoin UID and GoMining ID.

🚀 Thanks to our speakers, participants, and listeners! Join us for future events and more chances to win great prizes.

#KuCoin #GoMining #AMA #Giveaway