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◽Altcoin Alerts, News, Events, ICO/IEO Updates, Research, Tweets and more. 🚩Content posted in this channel should not be considered as investment advice. Invest only at ur own risk.
🔔 Swiss Regulator FINMA Proposes New Rules for Stablecoin Issuers !
FINMA proposed new guidelines classifying stablecoin issuers as financial intermediaries, requiring AML compliance and depositor protection measures. This aims to enhance regulatory oversight and mitigate financial risks.
▶️ Check More Details Here:
https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/myfinma/4dokumentation/finma-aufsichtsmitteilungen/20240726-finma-aufsichtsmitteilung-06-2024.pdf?sc_lang=en&hash=03D675C1247EAFAE0C391363A2F18B9A
🔔 Trump Says, “On Day One, I will fire Gary Gensler” !
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🔔 Cantor Fitzgerald Launches $2B Bitcoin Financing Business !
Billionaire Howard Lutnick, CEO of Cantor Fitzgerald, announced the launch of a $2 billion Bitcoin lending program at Bitcoin 2024. Lutnick expressed strong support for the cryptocurrency community, linking his personal losses during 9/11 to his commitment to Bitcoin. The program will offer leverage to Bitcoin owners, signaling a bullish move for financial institutions and the market.
▶️ Check More Details Here:
https://www.prnewswire.com/news-releases/cantor-fitzgerald-to-launch-bitcoin-financing-business-302208093.html
🔔 Robert F. Kennedy Jr. Pledges Three Bitcoin Executive Orders at Bitcoin 2024 Event !
U.S. Presidential candidate Robert F. Kennedy Jr. has proposed issuing executive orders to transfer 200,000 Bitcoin held by the U.S. government to the Treasury, mandate daily purchases of 550 Bitcoin until reaching a 4 million BTC reserve, and declare Bitcoin-to-dollar transactions non-taxable.
▶️ Check More Details Here:
https://x.com/AutismCapital/status/1816677374219682165
🔔 Federal Reserve Board Ends Enforcement Action Against Silvergate !
The Federal Reserve Board ended enforcement actions against Silvergate Bank on July 26, 2024, after it successfully wound down operations and reimbursed customers. Silvergate collapsed in March 2023 due to financial instability and the fallout from FTX's collapse. Despite federal oversight during liquidation, some stakeholders filed lawsuits. CEO Alan Lane and other executives resigned in August 2023.
▶️ Check More Details Here:
https://www.federalreserve.gov/newsevents/pressreleases/enforcement20240726a.htm
🔔 Elon Musk’s X Eliminates Crypto Emojis, Leaving Community Puzzled !
Elon Musk’s X has removed several cryptocurrency emojis, including Bitcoin's, which had been in use for over four years. The crypto community expressed confusion and disappointment over the removal on July 25. Other cryptocurrencies like Crypto.com Coin and BNB also lost their emojis.
▶️ Check More Details Here:
https://x.com/DegenerateNews/status/1816658628280979850
🔔 Solana Protocol Solend Renames to ‘Save’, Unveils New Stablecoin and Token !
The Solend protocol on Solana has rebranded to Save and introduced new features: SUSD, a 0% interest stablecoin, saveSOL, a liquid staking token, and dumpy.fun, a memecoin shorting platform. Save aims for rapid growth through the deep integration of SUSD into its protocol.
▶️ Check More Details Here:
https://blog.save.finance/solend-is-now-save-c8a204ce5ea5?gi=0d560f985e29
🔔 Marathon Purchases $100M in Bitcoin, Returns to 'Full HODL' Strategy !
Marathon Digital Holdings has acquired $100 million worth of Bitcoin over the past month, planning to "HODL" as a strategic treasury reserve asset, according to CEO Fred Thiel.
▶️ Check More Details Here:
https://x.com/fgthiel/status/1816445977059868780
🔔 ETH Drops Over 7.5% Amid Increased ETHE Outflows !
Ether (ETH) is down over 7.5%, trading above $3,100, amid concerns about outflows from Grayscale's Ethereum Trust ETF (ETHE), which saw $810 million in net outflows. In contrast, other ETH ETFs saw inflows: BlackRock's ETHA with $283.9 million, Bitwise's ETHW with $233.6 million, and Fidelity's FETH with $145.7 million.
▶️ Check More Details Here:
https://sosovalue.com/assets/etf/us-eth-spot
🚨 MonoSwap Experiences Hack, Users Advised to Exercise Caution !
MonoSwap announced on July 24 that it had been hacked and urged users to withdraw their funds immediately. The breach occurred after a developer installed a phishing application during a call with scammers posing as venture capitalists, giving hackers access to the platform’s wallets and contracts. MonoSwap is investigating the incident and seeking help from venture capitalists to recover.
▶️ Check More Details Here:
https://x.com/monoswapio/status/1816151998267547851
🔔 Mt. Gox Transfers $335 Million in Bitcoin to Bitstamp and Unidentified Wallet !
Mt. Gox continued its repayments on July 24 by transferring 5,106 Bitcoin (BTC), worth approximately $335 million, to Bitstamp and an unknown address. According to Arkham Intelligence, 2,237 BTC ($147 million) went to Bitstamp, while 2,869 BTC moved to the unknown address, which then sent the funds to another wallet before they ended up at Bitstamp.
▶️ Check More Details Here:
https://platform.arkhamintelligence.com/explorer/tx/453e764f60d2564c1d3bfe31b1ce08e128768f965afa54db748b4ea1981d28ae
🔔 Spot Ethereum ETFs Reach Over $1 Billion in First-Day Trading Volume !
Seven months after Bitcoin's Wall Street debut, Ethereum spot ETFs began trading in the U.S., generating over $1 billion on their first day. Grayscale Ethereum Trust (ETHE) led with $456 million, followed by BlackRock's iShares Ethereum Trust (ETHA) at $240 million, and Fidelity Ethereum Fund (FETH) at $136 million.
▶️ Check More Details Here:
https://x.com/JSeyff/status/1815825964720415115
🔔 Spot Ethereum ETF Trading Officially Begins with Offerings from BlackRock, Grayscale, and Others !
Ether ETFs began trading in the U.S. on Tuesday, offered by firms like BlackRock, Fidelity, and Grayscale. This marks a significant step in integrating digital assets into mainstream finance. While bitcoin ETFs have attracted about $17 billion since January, ether ETFs are expected to be smaller due to less investor familiarity. The ETFs don’t offer staking, and management fees range from 0.15% to 2.50%, with Grayscale converting its private ether fund into two ETFs with different fees.
🔔 U.S. Government Transfers 58.742 BTC Worth $3.96 Million to Coinbase Prime Deposit from Seized Dark Web Funds !
The U.S. Government transferred 58.742 BTC, valued at approximately $3.96 million, to Coinbase Prime Deposit. These funds were part of the BTC seized from dark web drug dealer Ryan Farace. The U.S. Department of Justice had confiscated 2,933 BTC from Farace's family. Currently, the U.S. Government holds a total of 213,239 BTC, worth about $14.397 billion.
▶️ Check More Details Here:
https://platform.arkhamintelligence.com/explorer/address/3B2jEBZi8fJWGEDrh6Pe7hDMaJ6iGfFtaU
🔔 BREAKING: SEC Approves Spot Ethereum ETFs for Trading Starting Tomorrow !
U.S. regulators have approved spot ETFs for Ethereum (ETH), allowing investors to trade ether through traditional brokerage accounts. This follows the approval of Bitcoin ETFs in January and aims to make ether more accessible to mainstream investors.
▶️ Check More Details Here:
https://x.com/EricBalchunas/status/1815489137484722333
🔔 Senator Lummis Proposes U.S. Purchase 1M Bitcoin to Reduce National Debt !
U.S. Senator Cynthia Lummis plans to introduce legislation to establish a "strategic bitcoin reserve" to reduce national debt by purchasing 1 million BTC over five years, to be held for at least 20 years. She compared the initiative to the Louisiana Purchase. At current prices, the bitcoin would be worth around $68 billion.
▶️ Check More Details Here:
https://www.lummis.senate.gov/press-releases/lummis-announces-revolutionary-proposal-to-supercharge-the-dollar-bolster-u-s-economy/
🔔 JUST IN: Trump Declares USA Will Be Crypto Capital, Bitcoin to Be Mined, Minted, and Made in America: Bitcoin 2024 !
▶️ Check More Details Here:
https://www.youtube.com/watch?v=EiEIfBatnH8
🔔 WazirX Introduces Fund Recovery Plan Following $230M Hack !
Indian crypto exchange WazirX announced a socialized loss strategy to address the recent cyberattack that resulted in a $230 million theft, impacting 45% of user funds. WazirX will allow users immediate access to 55% of their assets while locking the remaining 45% in Tether-equivalent tokens, aiming for a fair and swift recovery process.
▶️ Check More Details Here:
https://x.com/WazirXIndia/status/1817017630877974650
🔔 Former FTX Executive Ryan Salame Seeks Postponement of Prison Date Following Dog Attack !
Former FTX executive Ryan Salame's lawyers have requested to delay his prison sentence from August 29 to October 13 due to urgent surgery after a dog attack. Salame, who was sentenced to seven and a half years for criminal charges, sustained a severe face injury from a German Shepherd on June 29. He pled guilty to unlawful political contributions and operating an unlicensed money-transmitting business.
▶️ Check More Details Here:
https://www.theblock.co/post/307867/former-ftx-exec-ryan-salame-asks-to-push-back-prison-date-following-dog-attack
🔔 BitFlyer Acquires FTX Japan, Announces Plans for Crypto ETFs !
BitFlyer Holdings has acquired FTX Japan and plans to launch crypto-based ETFs. BitFlyer now wholly owns FTX Japan and intends to offer crypto custody solutions for institutional investors. CEO Yuzo Kano emphasized their goal to securely store BTC for ETFs, aiming to become a key industry infrastructure. FTX Japan was previously part of the collapsed FTX exchange.
▶️ Check More Details Here:
https://x.com/YuzoKano/status/1816703511079584041
🔔 US Senator Pulls Back Support for Elizabeth Warren’s Anti-Crypto Bill !
Republican Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act, which he co-created with Democrat Senator Elizabeth Warren in 2022. This leaves 18 senators still backing the bill, which aims to regulate the crypto industry under existing anti-money laundering laws. The bill has faced criticism for exaggerating crypto's role in illicit activities and potentially harming the U.S. crypto industry.
▶️ Check More Details Here:
https://www.congress.gov/bill/118th-congress/senate-bill/2669/cosponsors
🔔 Binance.US to Delist TrueUSD (TUSD) on 30 July !
Binance.US will delist TrueUSD (TUSD) as part of its regular review process for digital assets. Deposits for TUSD will close on July 30, 2024, at 2:00 a.m. UTC, and trading will end on July 31, 2024, at 3:00 a.m. UTC. Withdrawals will remain open until further notice.
▶️ Check More Details Here:
https://support.binance.us/hc/en-us/articles/25143697191447-Binance-US-Will-Delist-TrueUSD-TUSD-on-July-30-2024
🔔 Revolut Secures UK Banking License, Embracing Crypto-Friendly Status !
Revolut has obtained a U.K. banking license after a three-year wait, entering the mobilization stage with the Prudential Regulatory Authority. This move sets it up to become a full bank and offer crypto services. The fintech giant, valued at $45 billion, also plans to sell $500 million in employee-owned shares.
▶️ Check More Details Here:
https://www.revolut.com/news/revolut_receives_uk_banking_licence/
🔔 Bitstamp to Start Mt. Gox Creditor Repayments on July 25 !
Bitstamp will start distributing crypto to Mt. Gox creditors on July 25 after receiving 5,106 Bitcoin from the trustees. Additional transfers included Bitcoin Cash and Ether. Security checks will take a week before recipients gain full control of their coins. UK-based customers will receive their repayments within the next few months.
▶️ Check More Details Here:
https://x.com/Bitstamp/status/1816133303549800768
🔔 Franklin Templeton Considers Solana ETF Following Ethereum Success !
Franklin Templeton, an early issuer of a spot Bitcoin ETF in the U.S., is optimistic about future cryptocurrency ETFs, including Solana. In a July 23 post, the firm highlighted Solana's adoption and technological advancements. The same day, Franklin Templeton launched its spot Ethereum ETF on the CBOE BZX exchange with a 0.19% fee, waived to 0% until January 31, 2025, for the first $10 billion in fund assets.
▶️ Check More Details Here:
https://x.com/FTI_DA/status/1815830495403626816
🔔 Coinbase Seeks Court Order to Access Gensler’s Emails !
Coinbase has filed a motion to compel the SEC to produce Chair Gary Gensler’s private emails from his tenure starting in 2021. This comes after Coinbase's initial request in April faced resistance. The new motion seeks documents related to Gensler’s speeches on digital assets, arguing they are crucial for its defense against accusations of enabling illegal trading of unregistered securities.
▶️ Check More Details Here:
https://twitter.com/iampaulgrewal/status/1815855349779542333
🔔 dYdX v3 Compromised in Suspected DNS Attack !
The dYdX exchange announced on July 23 that its version 3.0 website has been compromised. Users are advised to avoid visiting the V3 site or clicking any links. The version 4.0 on Cosmos remains secure and fully operational.
▶️ Check More Details Here:
https://x.com/dYdX/status/1815780835473129702
🔔 BlockFi Finalizes Sale of FTX Claims, Readies Final Creditor Distributions !
BlockFi has sold its FTX claims, nearing the end of its bankruptcy process. The sale, concluded on July 10, will allow a near-term final distribution of 100% of eligible customer and creditor claims in fiat terms. This outcome is considered the best for BlockFi customers. Final distributions will begin soon, with fiat claims handled by Kroll and Digital Disbursements, though non-U.S. clients are still ineligible pending further verification.
▶️ Check More Details Here:
https://www.prnewswire.com/news-releases/blockfi-plan-administrator-announces-claims-sale-and-full-customer-recovery-302203082.html
🔔 Swan Bitcoin Postpones IPO and Ceases Mining Operations !
Swan Bitcoin CEO Cory Klippsten announced the company will cancel its IPO plans due to the shutdown of its mining operations. In a July 22 post, Klippsten revealed staff reductions and a halt in the Managed Mining business, which led to a pullback from the firm's accelerated spending and IPO plans.
▶️ Check More Details Here:
https://x.com/coryklippsten/status/1815429462210539706
🔔 BNB Foundation Completes 28th Quarterly Token Burn, Eliminates 1.6M BNB Worth $971M !
The BNB Foundation has completed its 28th quarterly BNB token burn, eliminating 1,643,698.8 BNB worth approximately $971 million. This burn aims to gradually reduce the total supply to 100 million BNB, ensuring transparency and predictability through an Auto-Burn system.
▶️ Check More Details Here:
https://www.bnbchain.org/en/blog/28th-bnb-burn