🚨 FTX and Alameda Ordered to Pay $12.7B to Creditors

⚖️ A New York judge has officially approved a consent order requiring FTX and its affiliate, Alameda Research, to pay $12.7 billion to creditors.

🗒 This decision, which concludes a 20-month lawsuit led by the CFTC, does not impose civil penalties but bans both firms from trading digital assets or acting as market intermediaries.

👀 FTX, which filed for bankruptcy in late 2022, severely impacted investor wealth. Sam Bankman-Fried, founder of both FTX and Alameda, was sentenced to 25 years in prison in March, ordered to forfeit $11 billion, and convicted of multiple fraud and money laundering charges.

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❄️ Binance has announced the launch of Toncoin (TON) on its Launchpool, allowing users to stake BNB and FDUSD to farm TON tokens over a 20-day period starting August 15, 2024.

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📊 Bitcoin is now the 6th most capitalized monetary asset in the world, ahead of the British pound sterling and silver.

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Altseason is near!

📉 Bitcoin's market dominance has broken downward from an ascending wedge, potentially heading towards 45%, signaling the approach of altcoin season.

This scenario seems logical if:

▪️ BTC consolidates in the $60k-$70k range.

▪️ The SEC does not delay the start of trading for an Ethereum ETF, boosting ETH and pulling up altcoins

📊 A trader predicts a sharp surge to $100k after BTC finishes its consolidation. This event could accelerate the growth of altcoins, as they gain strength after Bitcoin hits a new ATH 💸

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A Bitcoin user transferred BTC worth $4,500,000,000 and paid a fee of only $2.8. 🧐

💰 This is much better than paying $17,500 to transfer 1.34 BTC ($91,000), isn't it? 😁

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CryptoQuant analysts highlight similarities between the current BTC situation and that of 2020.

📈 At that time, there was a notable surge in the number of large wallets accumulating coins, along with significant whale activity on the network.

👀 In 2020, Bitcoin traded around the $10,000 mark for several months before experiencing a major price surge. 🚀

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🤩 Something is waiting for us next week.

This screenshot has been floating around Twitter and was deleted just a couple minutes after it was posted.

The author of this tweet has thrown in similar before drops, for example the same thing happened with Starknet.

Infla is being stoked that for some reason this is about ZK and not L0 😏

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The Share of Crypto Investors Worldwide Has Grown to 6.8%. ㅤ

👀 The number of crypto investors worldwide increased from 420 million to 562 million people in 2024, according to a report by experts at Triple-A. This is 6.8% of the world's population.

Among countries, the leaders are the UAE (25.3%), Singapore (24.4%), and Turkey (19.3%).

Is mass adoption just around the corner? 🧐

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$5000 in BTC for Hitman Services: Trial in the US for Alleged Murder Plot

💰 A 23-year-old resident of Salt Lake City, Utah, USA, Krista Renee Stone, paid $5000 in Bitcoin as a down payment for a contract killing. On June 15, the court will deliver a verdict in her case.

🔪 Stone pleaded guilty to preparing the crime. According to the US Department of Justice, from March to September 2023, she negotiated the organization of the murder by posting an advertisement on a dark web site.

🔎 She provided a detailed description of the victim, including a photograph, location, and method of execution.

👀 The circumstances of the arrest and the identity of the victim were not disclosed by the authorities.

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🖤 BlackRock already has more than 300 thousand BTC worth $21 billion on its balance sheet.

BlackRock ETF (IBIT) is the absolute record holder among all ETFs. The closest competitor is the JPMorgan Equity Premium Income ETF, which has accumulated $20 billion in 985 days (7 times longer than BlackRock).

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Tokyo-listed investment firm Metaplanet Inc. saw its shares rise 9.88% after announcing that it had purchased an additional 250 million yen ($1.58M) worth of BTC.

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Crypto speak: Probably nothing

“Probably nothing” is a popular term in the crypto community used sarcastically to indicate events or news that may seem insignificant at first glance but, in fact, can have a significant impact on the cryptocurrency market.

Doesn’t make much sense, does it? 😅

Let’s keep it simple: Imagine that tomorrow, the news reports that the U.S. government is officially considering a bill recognizing Bitcoin as an official tender on par with the dollar.

If you’re a crypto proponent, you can tweet the link to this news and sign it “Probably nothing.”

While some may think this news is insignificant, it could be a strong indicator that Bitcoin is on its way to the moon.

In general, “probably nothing” is a way to emphasize the potential importance of certain events or news that may be undervalued or ignored.

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🔷Ethereum ETF to be approved in July?

A Bloomberg analyst believes that the SEC will approve the S-1 forms on July 2. Once this form is approved, ETH-ETF trading will begin, which will provide a new influx of liquidity into the market.

ETH reaction - 🚀

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🔶 Binance founder doubles his fortune while behind bars

Forbes found 94 million BNB ($56 billion) in CZ's "stash" - that's 64% of the total number of BNB in circulation.

Forbes also states that Binance, together with CZ, own 71% of the 147 million BNB in circulation.

Thus, taking into account the recent rise of BNB, CZ's fortune has increased to $61 billion and he now ranks 24th among the world's richest people.

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♊️ Tyler Winklevoss, one of the Winklevoss twins and a co-founder of the Gemini exchange, endorsed Donald Trump and donated $2,000,000 in BTC to his presidential campaign. 💰

The Winklevoss brothers are early Bitcoin investors who bought BTC at $120 in 2013 for $11 million. 💪

It has also been announced that Gemini is launching an initiative to fund election campaigns for candidates who support cryptocurrencies.

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✉️Telegram is a machine for cryptocurrency adoption

Crypto publication CoinDesk writes that Telegram and several independent developers have made great progress in attracting people to crypto, and the platform itself and TON have become a panacea for the crypto industry.

Analysts from CryptoQuant claim that Toncoin is currently one of the most popular blockchains, and the number of TON holders has increased 10 times this year.

Today it also became known that Binance added USDT support to the TON 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. 🧐

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Altseason is near!

📉 Bitcoin's market dominance has broken downward from an ascending wedge, potentially heading towards 45%, signaling the approach of altcoin season.

This scenario seems logical if:

▪️ BTC consolidates in the $60k-$70k range.

▪️ The SEC does not delay the start of trading for an Ethereum ETF, boosting ETH and pulling up altcoins

📊 A trader predicts a sharp surge to $100k after BTC finishes its consolidation. This event could accelerate the growth of altcoins, as they gain strength after Bitcoin hits a new ATH 💸

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📉 Bitcoin continued its decline - overnight, at one point, the cryptocurrency's price dropped below $58,000.

Over the past day, traders' positions worth $262 million have been liquidated. 🪓🩸

👀 But here's the interesting part. On June 24, when Bitcoin last dropped below $60,000 (and did not fall below $58,000 at that time), the Fear & Greed Index plummeted to 30, an extremely low value. Currently, the index stands at 44, still in the fear zone, but the market is now more confident, which is somewhat surprising, especially considering the massive movements of Bitcoin, possibly indicating rapid compensation payments to victims of the Mt.Gox hack. 🤔

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Current situation of Bitcoin

Hello, here's the most important news for this morning:

💸 The price of BTC has dropped below $59,000. As BTC lost a crucial support at the $60,000 level, the next support is around $57,000.

💥 The decline in price occurred due to the closure of leveraged long positions worth millions of dollars. Additionally, over the last three hours, one of the major BTC whales deposited an additional 1,800 BTC ($106 million) into Binance.

💥 Yesterday, net outflows from BTC spot ETFs amounted to -$20.5 million, while the day before saw outflows of -$13.7 million.

⚡️Bitwise has filed an updated S-1 application for an ETH ETF a few days before the deadline set for July 8, potentially launching the product on the market as early as next week, according to BBG analysts.

#news

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📊 Cryptocurrency is growing. Bitcoin has gained 4% over the past 24 hours, Ethereum has gained 6%, and altcoins from the top 100 have grown more significantly.

📈 Growth leaders: BONK +24%, TIA +20%, SEI +17%, PEPE +15%, ENA +13%.
There are no falling assets.

Fear and greed index 27.

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