🚨 Federal Reserve Ends Special Oversight on Digital Assets — A Major Victory for Crypto!

The Federal Reserve, under pressure from the U.S. government, has officially ended its special oversight program on digital assets.

Launched in 2023 to monitor banks engaging with crypto and stablecoins, the program is now discontinued. Senator Cynthia Lummis called this celebrating as a major victory for the crypto industry.

She emphasized that previous strict regulations only created unnecessary risks, and now path is clearer for banks and crypto companies to operate.🚀

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XRP ✖️ The Future Financial Backbone _  And a Critical Price Battle

Ripple’s CTO stated that the XRP Ledger is poised to become a core infrastructure for global finance, combining openness with regulatory compliance.

💵On the price side, $2.81 is highlighted as a crucial support for maintaining XRP’s bullish momentum. A breakout above $3.26 could pave the way toward $3.90.

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🪙 The Growing Use of Cryptocurrencies in Everyday Life

😀 Thailand has launched a cryptocurrency payment system for tourists.

😀 Thousands of pharmacies in the U.S. have adopted an XRP blockchain-based payment system.

😀 Emirates Airlines now allows ticket purchases with cryptocurrency. ✈️

💬 Do you also think the world of digital payments is getting closer to global adoption every day?

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📉Crypto Market Dip & Massive Long Liquidations

● Bitcoin, after rallying up to $118,600 in the past 24 hours, faced a sharp sell-off and dropped to $114,900.

● During this period, over $534M worth of positions were liquidated, with around $450M coming from long trades in the crypto market.

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🇳🇱🟠 Bitcoin Treasury Established in the Netherlands

• Amsterdam-based Amdax is set to launch a Bitcoin treasury company named AMBTS (Amsterdam Bitcoin Treasury Strategy) on the Dutch stock exchange.

• The move comes as Bitcoin has reached a new all-time high this month.

• CEO Lucas Wensing stated: “With more than 10% of Bitcoin’s supply now held by corporations, governments, and institutions, we believe the time is right to establish a Bitcoin treasury listed on Euronext Amsterdam, one of Europe’s leading exchanges.”

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💸 Japan’s First Yen-Pegged Stablecoin Coming Soon

🇯🇵 Japan’s Financial Services Agency (FSA) has confirmed that the country’s first yen-backed stablecoin will be launched this fall.

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☀️ Glassnode: All Bitcoin Investors Are Selling!

🟡 According to Glassnode data, all investor groups — from whales holding over 10,000 BTC to small wallets with less than 1 BTC — are actively selling and distributing their holdings.

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💵 Robinhood steps into sports betting!

🔵In partnership with Kalshi (CFTC-regulated platform), Robinhood now lets users trade on the outcomes of NFL and college football games.

🔵Unlike traditional betting, this is a real financial market where contract prices (1–99 cents) reflect the probability of each outcome.

🟡 Fully regulated under federal law, making it legal even in states with sports betting restrictions.

🔵 Robinhood acts as the broker, while Kalshi creates the market.

🔵 Available inside Robinhood app under Prediction Markets Hub.
Robinhood’s CEO calls these markets a “Truth Machine,” as collective market wisdom gets priced in.

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💰 Hyperliquid Generates Over $1B in Annual Revenue With Just 11 Employees!

👥 The decentralized exchange Hyperliquid has achieved an impressive milestone, generating over $1 billion in annual revenue with only 11 full-time employees — averaging more than $102 million per employee.

💸 Most of its revenue comes from trading fees on its decentralized perpetuals exchange.
Founder Jeff Yan deliberately avoided venture capital, focusing instead on product and community. Nearly half of the team are engineers, processing around $10B in daily trading volume.

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🪙 Solana Surpasses Visa; A New Milestone in Blockchain Scalability

💫 Solana has reached a record of 100,000 transactions per second (TPS), surpassing Visa’s capacity of 65,000 TPS.

📊 TPS comparison with other networks:
Mastercard: 5,000 TPS
BNB Chain: 2,222 TPS
Ripple: 1,500 TPS
PayPal: 793 TPS
Ethereum: 119 TPS
Bitcoin: 7 TPS

💳 This achievement could reshape the future of payments and blockchain scalability.

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😀 Bitcoin Could Hit $175K This Year, $1M by 2030, Says SOL Strategies CEO

💵 Bitcoin could hit $175K this year and possibly $1M by 2030, according to Leah Wald, CEO of SOL Strategies.

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🇺🇸🚨  Pennsylvania vs Crypto?

New bill HB1812 bans public officials & families from owning crypto (BTC, ETH, stablecoins, NFTs) during service + 1 year after.

🔵 Must sell within 90 days
🔵 Covers ETFs & trusts too
🔵 Penalties: up to $50k fine / 5 yrs prison

🎙️ Still at committee stage, but sparking big debate. Regular citizens not affected.

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🚨 Markets React to Powell’s Remarks

🔺 Key points from Powell:
Removal of effective lower bound language from the Fed’s policy framework
Warning that downside risks to the labor market are rising
Shifting balance of risks may require policy adjustments
Stable inflation expectations cannot be taken for granted
Tariff effects on consumer prices now clearly visible
Emphasis: a one-time price shock must not turn into sustained inflation

📊 Market reaction:
Probability of a Fed rate cut in September jumped from 75% to 90%
Traders are once again fully pricing in two rate cuts by year-end
⚡️ Meanwhile, Trump threatened to fire Fed’s Cook if she refuses to resign.

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🔥 ETH at $4,600

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💰History: In 2013, a Bitcointalk user drunkenly typed “I AM HODLING” after a 39% crash.

That misspelling became Bitcoin’s most famous strategy 🚀

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🔹 ETHEREUM HITS FIRST ALL TIME HIGH SINCE 2021.

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📣 Grayscale Files for XRP ETF
Today, Grayscale officially filed a Form S-1 with the SEC to launch an XRP-based ETF.

📌 If approved, this could mark a major milestone for institutional adoption of XRP, opening the door for significant Wall Street capital inflows.

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🚩 In the past 24 hours, over $771 million in crypto positions were liquidated!

🔽Such a massive wave of liquidations highlights the intense volatility in the market.

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✖️ Ripple CEO: US policymakers are shifting their stance on crypto

🎙️Brad Garlinghouse, Ripple’s CEO, said US policymakers are now viewing blockchain and crypto more positively. Speaking at the Wyoming Blockchain Symposium, he noted:

“Even several Federal Reserve officials openly welcomed crypto — something unthinkable just a year ago.”

This marks a potential step toward regulation aligned with innovation, though challenges like market volatility and consumer protection remain. 🚀

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❗️  More than 30 celebrity tokens launched on Solana ($SOL) in June 2024 have crashed over 73%.

Many of these hype-driven coins saw huge initial attention, but most have now lost the majority of their value — leaving late investors with heavy losses.

📢  “This post is intended as a warning about celebrity and meme tokens, which often lack sustainability and rarely hold their value.”

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📉 5% Drop in Total Cryptocurrency Market Cap Following Bitcoin and Ethereum Retreat


🐋  Massive whale sell-off triggered declines in Bitcoin and Ethereum. Total market cap fell 4.5% to $3.85T.

🔵 A whale dumped 24,000 BTC worth $2.7B, pushing price temporarily below $109,214. Ethereum also dropped to $4,405 after recently nearing $5K.

🔵 $941M in leveraged positions were liquidated in 24h.

🔵 Analysts expect Bitcoin to range between $110K–$120K, while Ethereum targets $4,600–$5,200 and may lead the next growth phase.

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