👑Delio CEO Admits User Deposits Weren’t 'Principal Protected'

💼 Jung Sang-ho, CEO of collapsed South Korean crypto yield platform Delio, revealed in court that user deposits were not guaranteed as “principal protected.” Delio owes creditors around $181 million.

📉 Jung stated that this condition was clearly mentioned in the terms, but creditors and prosecutors disagree, arguing it was a duty of care to protect customers.

🗓 Jung faces charges of fraud, embezzlement, and breach of trust. The next hearing is on July 23.

#Crypto #Delio #LegalNews

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🟠Spot Bitcoin ETFs Witness $1.13 Billion Outflows in Seven Days, Signaling Market Shifts

📉 Spot Bitcoin ETFs have seen $1.13 billion outflows from June 13 to June 24, raising concerns about Bitcoin's stability. Major contributors include Grayscale Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund.

📊 This shift marks a stark contrast to the bullish buying in early 2024, with institutions now potentially exiting the market.

🔄 Despite this, some investors remain bullish, with notable Bitcoin purchases by MicroStrategy and Metaplanet.

#Bitcoin #CryptoETFs #MarketShifts

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➕Optimism (OP) Price Rebounds to Avenge 40% Decline

📈 Optimism's (OP) price is showing signs of recovery at $1.7 after a significant 40% decline, supported by bullish investor sentiment.

✖️ The Market Value to Realized Value (MVRV) ratio indicates potential buying opportunities, with the 30-day MVRV at -10%, suggesting a recovery zone.

🔄 Investor HODLing behavior is helping to stabilize the price, with less than 5% in profit currently, pointing to potential upward movement.

#CryptoRecovery #OptimismOP #MarketBounce

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🟠Bitcoin (BTC) Bull Run Might End in September, This Indicator Says

📉 Bitcoin's Supply in Profit indicator drops, signaling potential end to bull market, warns @Yonsei_dent in CryptoQuant Insights.

"Fear and Greed" index echoes September 2023 levels amid price volatility.

📊 Based on historical cycles, at least two more months of major bull market phase expected, per @Yonsei_dent.

🔍 Market analysis indicates potential deep corrections ahead, with BTC struggling to maintain $61,500 amid recent sell-offs.

#BitcoinAnalysis #CryptoInsights #MarketTrends

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✖️'Go All-In on XRP': Major Exchange Reacts to Price Crash

📉 Bitrue, a prominent crypto exchange, stirs controversy by urging followers to go "all-in" on XRP despite recent price struggles.

📉 The bullish call sparks backlash amid XRP's 11% decline in the past month, echoing broader market trends.

🔗 Despite deep community ties and extensive XRP support, some users question the timing and impact of the exchange's statement.

#XRP #CryptoNews #MarketSentiment

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⏺Top Meme Coins WIF, PEPE, BONK Rallying: Details⏺

Despite overall market challenges, meme cryptocurrencies are surging today, with some top 500 coins seeing gains of 50-60% in the past 24 hours.

📈 Brett (BRETT), the leading meme coin on Base (BASE) blockchain, soared by 25%, making it the fastest-growing crypto among the top 100 by market cap.

🐶 Dogwifhat (WIF), a prominent Solana-based meme coin, rose by 19.7%, approaching a $2 billion market cap. Pepe (PEPEUSDT) also spiked, reaching over $5.2 billion in valuation.

💥 Bonk (BONK) and Floki (FLOKIUSD) gained 16.7% and 12.7%, respectively, consolidating their positions as top-performing meme coins.

🐶🐶 Dogecoin (DOGEUSD) and Shiba Inu (SHIBUSD) saw gains of 8.2-8.3%, maintaining strong standings in the top 15 cryptos by market cap.

🐱 Among cat-themed meme coins, Popcat (POPCAT) surged by an impressive 60%, aiming for a $500 million valuation. Michi (MICHI) jumped 75%, nearing a $100 million market cap, while Mog Coin (MOG) entered the top 150 with a 25.1% increase.

🥺 MEW (Cat in Dog World) rose by 15% following its recent listing on Binance Futures with 50x leverage.

#MemeCoins #CryptoMarket #BlockchainNews

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🧬Solana (SOL) Launches Revolutionary Web Feature: Details

🚀 Solana introduces "Blinks" (Blockchain Links), a groundbreaking feature enabling on-chain actions to be transformed into shareable links.

🔗 Blinks connect Solana transactions directly to the internet, allowing users to initiate actions like voting, donating, minting, swapping, and paying with SOL from any platform supporting URL sharing.

🌐 This innovation integrates Solana blockchain functionalities seamlessly across digital spaces, enhancing accessibility and usability.

#Solana #BlockchainInnovation #CryptoNews

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📅 VanEck has filed form 8-A for its spot Ethereum ETF with the SEC, moving closer to live trading. Analysts predict a potential launch by July 2, 2024, following a similar path as Bitcoin ETFs.

🌍 The unexpected approval hints at political shifts, contrasting SEC's cautious timeline. Cryptos gain spotlight in the 2024 election, shaping policies and voter sentiments.

🔍 Stay tuned as Ethereum ETF approval navigates through regulatory hurdles amidst evolving political landscapes.

#Blockchain #Investing

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🚀 Ava Protocol, an EigenLayer AVS on Polkadot and Ethereum, has acquired blockchain data startup Openstory to enhance its automation capabilities.

⚪️ The acquisition will integrate real-time data analytics for Ethereum Virtual Machine (EVM) chains, boosting Ava Protocol's efficiency in automating transactions and smart contract operations.

🔍 Founded in 2021, Ava Protocol is set to launch its EigenLayer AVS on Ethereum mainnet in three weeks, followed by the rollout of its AP token in a few months.

🚀Stay tuned for updates!

#CryptoNews #AVS

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📈 Altcoins Signal Reversal! 🚀

Analyst Ali Martinez highlights a buy signal for Shiba Inu (SHIB), Solana (SOL), and Cardano (ADA) on the TD Sequential indicator.

🔍 Technical Analysis Insight
The TD Sequential indicates potential price reversals after specific candle patterns — critical for spotting trends early.

📊 Recent Performance
After recent downtrends, these altcoins are rebounding, with Solana leading at +9% in 24 hours.

#CryptoSignals #TechnicalAnalysis #ShibaInu

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🏛️ Bitcoin for Taxes Bill Introduced! 💰

🗣Rep. Matt Gaetz proposes legislation allowing federal income taxes to be paid with Bitcoin, aiming to modernize the tax system and promote innovation.

🌐 Digital Currency Advancement
This bill could pave the way for Bitcoin to play a significant role in the U.S. financial system.

#BitcoinTax #Crypto #MattGaetz

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🇺🇸 US Government Sends $240M BTC to Coinbase Prime

The US Government just moved 3,940 BTC ($240M) to Coinbase Prime.

This BTC was originally seized from narcotics trafficker Banmeet Singh, and forfeited at trial in January 2024.

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💸The fear and greed index remains at the level of "STRIKE".

Bearish sentiment in the markets persists for the second day.

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😙 TON and NOT news in recent days

😏TON Foundation sent 30 million tokens (about $230 million) to the official Telegram address

😏 USDT volume on the TON network has surpassed $500 million

😏 $3 million worth of NOT tokens were burned

😏Statistics on NOT holdings

- 94% of tokens are held by the community (including traders, miners, stakers, etc.) - 11.5 million people
- 6% held by developers for further development of the project

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👮‍♀️ The US State Department has increased the reward to $5m for information on the founder of OneCoin

🔵 Ignatova disappeared in Athens in 2017 after the collapse of her Ponzi scheme (~$4 billion was stolen).
🔵 The FBI previously offered $250,000 for information on her, and added Ignatova to its Most Wanted List in 2022.

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Good morning 📰 !

Today the market is down, and most altcoins are in the red. BTC is currently trading around $61,000. ETH is around $3,380.

🚩 Fear/Greed Index: 40 - Fear

📈 Morning news roundup:

🔸 The approval of a spot Ethereum ETF is likely to happen on July 4.

🔸 USDT on TON reaches 519.28 million, driven by increasing demand for simple transactions.

🔸 Which altcoins is market maker DWF Labs investing in?

🔸 FTX creditors vote on a plan for repayment in cash or cryptocurrency.

🔸 The President of Ripple outlined his vision for a stablecoin and a potential XRP ETF.

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💎 TON introduced AdsGram, which allows Telegram mini-app developers to earn Toncoin by displaying ads.

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🇹🇷 The Turkish Parliament has passed new regulations to regulate cryptocurrencies.

According to the new rules:

🔸 The Capital Markets Board (SPK) is empowered to oversee cryptocurrency transactions, including the enforcement of measures and sanctions (such as asset blocking or confiscation).

🔸 Individuals and legal entities can be sentenced to imprisonment for a period of 3 to 5 years for operating as cryptocurrency service providers without a license.

🔸 Fraud involving cryptocurrency carries a prison sentence ranging from 14 to 22 years.

🔸 Fines for violations range from $7,500 to $182,600.

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😙 Trump and Biden - debate tomorrow at 1:00 UTC

😏Users of the Polymarket platform are betting on the words Joe Biden and Donald Trump might say during the upcoming debate.

😏Biden is betting that he will mention "nonsense," "Israel," and other words.

😏On Trump - "fake news," "dementia," and more.

There are also bets on mentions of bitcoin and crypto.

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💙 VanEck fund has applied to create a Solana-based ETF in the US

😏SOL 😋 is a commodity (says fund manager), this would be a new step towards integrating cryptocurrencies into traditional financial markets.

😏The approval process can be complicated due to legal and regulatory hurdles.

Solana has attracted attention due to its high transaction speeds and partnerships with major companies such as Shopify, Visa and Google

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