⚡️ Bloomberg analyst Eric Balchunas predicts that the final approval of S-1 forms for spot Ethereum ETFs will be received by July 2.

The S-1 approval will allow the launch of Ethereum ETF trading.

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📰 Yesterday's issue of The Wall Street Journal published an article titled "Cryptocurrency Could Prevent a U.S. Debt Crisis."

The main thesis of the article is that stablecoins backed by the U.S. dollar are becoming a major buyer of U.S. government debt, which could help prevent a debt crisis.

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💙 Crypto in Every Bank

😏 According to a BIS survey, 94% of central banks worldwide are exploring the possibility of issuing digital currencies.

😏 About 58% of them are actively developing or conducting pilot projects for their own digital currency.

😎 The main reasons are improving the payment system and increasing inclusivity (equal opportunities).

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🌐 Blockchain in Insurance

🗣In 2022, the insurance company AXA implemented blockchain to combat fraud in insurance claims. They used the Ethereum platform to create a decentralized database where all insurance policies and claims are recorded in an immutable ledger.

🗣Blockchain enabled the automation of data verification processes, ensuring transparency and reliability. All transactions and changes are recorded on the blockchain, making forgery or tampering nearly impossible. This reduced the number of fraudulent cases, increasing customer trust in the system.

🗣The use of blockchain also improved AXA's operational efficiency. Automated verifications reduced the time required to process claims, allowing for quicker responses to customer requests. Thanks to these innovations, AXA was able to create a safer and more reliable insurance system, setting an example for other companies in the industry.

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😙 Ethereum ETF by July 2?

💬A Bloomberg analyst predicts the launch of an ETH ETF in the US by July 2, 2024.

💬 The launch might coincide with the celebration of US Independence Day on July 4.

💬Unlike the lengthy approval process for a Bitcoin ETF, approval for Ethereum could be faster.

Previously: Gary Gensler mentioned that the approval would be in the next couple of months.

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⚡️ DYDX tokenomics - Starting July 1, 2024, $DYDX monthly unlocks will decrease from 33M per month to 8.3M per month

Resulting in a 75% reduction.

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🤌 Bitcoin miners have played a role in the recent $BTC price correction, selling over 1,200 BTC, worth more than $79.20 million

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🔐 Security rules from Wallet

Safety regulations:
⏺ Support never contacts you first - anyone claiming to be from the wallet's support and trying to push something on you should be immediately blocked.
⏺ Set a PIN code - this will truly help secure your funds if your account falls into the wrong hands.
⏺ Enable two-factor authentication - in Telegram's security settings, set a cloud password that should never be shared with anyone.

Use only verified links and bots, there are many scams nowadays, so securing yourself is absolutely necessary.

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👀 Three groups want assets seized from Sam Bankman-Fried as part of FTX bankruptcy:

😏U.S. Department of Justice - argues that the assets should be seized as proceeds of crime.

😏FTX Creditors Committee - believes the assets belong to FTX customers.

😏BlockFi - claims rights to the assets, citing FTX's debt to them.

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⚪️ Situation on ether

😏ETH is flowing from exchanges to buyers' own wallets.

😏This helps decentralize the network but may increase price volatility due to reduced liquidity.

Reduced growth in new addresses and trading volumes, as well as whale sales, could zadump ETH

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🌐 Market Overview

The weekend is coming to an end, and we're looking forward to an interesting week ahead.

BTC $66,284
ETH $3,565

Fear Index: 71
Altseason Index: 22
Long/Short Ratio: 46/54
Bitcoin Dominance: 55.35%

We have a week of major listings and announcements ahead. The market tends to liven up during such times, which is always a pleasant event. However, we shouldn't forget about possible short-term fluctuations.

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🟠Bernstein analysts predicted bitcoin at $200 thousand by the end of 2025

The target price of bitcoin by the end of next year is between $150 thousand and $200 thousand, Bernstein analysts believe. They explained their forecast by expecting unprecedented demand from bitcoin-based spot exchange traded funds managed by BlackRock, Fidelity, Franklin Templeton and others.

ETFs have become a game changer for cryptocurrencies. The instrument has sparked structural demand from traditional pools of capital

Bitcoin is in a new bull cycle, according to Bernstein. According to its results, the value of the cryptocurrency will rise to $ 200 thousand in the middle of 2025.

According to the basic estimate of analysts, by the end of 2029 bitcoin will be traded at $ 500 thousand, and in 2033 - at $ 1 million per coin.

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🔸 Binance found itself at the center of a scandal after posting an image from "Family Guy" on Twitter, where Peter Griffin uses a color chart to classify people by skin color.

This post sparked a storm of outrage in the community, accusing the company of racial discrimination.

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✖️ Promising projects, with their initial listing scheduled for next week.

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👤 Joe Biden is ready to accept donations in cryptocurrency.

🇺🇸 The pre-election headquarters of the US President Joe Biden is in talks regarding the possibility of accepting donations in cryptocurrency through the service Coinbase Commerce.

In this way, Joe Biden is attempting to attract funds from supporters of digital assets, similar to what Donald Trump had previously done.

"They are paying attention to cryptocurrency-related issues and trying to find quick wins to show support for the industry and prove that the president is not its enemy," a source told The Block.

Meanwhile, Biden's circle is warning him about the risk of losing the elections if silence on cryptocurrency continues.

However, discussions about accepting donations in digital assets are currently of an "exploratory" nature.

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🗞Good morning!

Today the market is in the green, with most altcoins up. BTC is currently trading around $66,210. ETH is around $3,575.

🚩 Fear/Greed Index: 71 - Greed

📈 Morning news roundup:

🟢 SEC Chairman Gary Gensler suggests the launch of spot Ethereum ETFs this summer.

🟢 The government of El Salvador introduces a reform to the BTC banking law.

🟢 The crypto sector received $317 million from venture deals in early June.

🟢 A BlackRock representative makes a new statement about BTC.

🟢 The CEO of Tether highlights the potential of USDT to increase demand for the US dollar.

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💸 The SEC is demanding Ripple pay a fine of $102.6 million, which is significantly lower than the initial demand of $2 billion.

The SEC references the settlement with Terraform Labs, where a fine of $4.47 billion was paid, to justify its pursuit of obtaining more funds from Ripple.

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☝️ zkSync has started trading on Bybit at a price of $0.35.

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