87244
📱 #1 Source For Education on Crypto, Bitcoin, Trading & general News 🖥 NFTs & Metaverse -> @NFTs_DeFi 📩 DM For Enquiries/Business @SantosAdmin
🆘 Fake X accounts lead to record-setting crypto phishing attacks of $341 million
Crypto phishing exploits in the first half of this year reached $341 million, surpassing the $295 million scammers siphoned from victims in 2023, according to blockchain security firm Scam Sniffer. Security expert and SlowMist founder Yu Xian said the phishing incidents of the first half of the year showed that the profit margin of these malicious attacks was profitable.
Source
🔍 More Crypto News
💰 Bitcoin transfer volume from short-term holders bottoms out post-2024 halving
Bitcoin’s transfer volume from short-term holders in loss to exchanges exhibits notable fluctuations. Glassnode data shows a significant decline in these transfers from January to July. In early 2024, volumes peaked around 90,000 BTC, aligning with market volatility, before stabilizing below 30,000 BTC post-halving in April. Historical data indicates heightened transfer activity during major price downturns.
Source
🔍 More Crypto News
💰 CryptoQuant says 'extremely underpaid' bitcoin miners' capitulation is a possible bottom signal
Since Bitcoin's latest halving event on April 19, which cut the reward for mining a new bitcoin block in half, the world's largest cryptocurrency has begun showing signs of miner capitulation as miners likely turn off underperforming machines and begin to sell bitcoin to hedge their exposure. There are various signs of miner capitulation, which historically has indicated a bottom in prices, according to CryptoQuant, which notes that for most of the period since April, miners have been "extremely underpaid" according to the data provider's metrics.
Source
🔍 More Crypto News
🟠 Ripple and Coinbase aim to leverage judge's ruling in SEC's Binance case
Coinbase and Ripple Labs are looking to leverage their cases with the U.S. Securities and Exchange Commission by citing a recent order that gave Binance a win for how secondary sales of crypto are treated. Over the past few days, Coinbase and Ripple have pointed to a lack of clarity on how crypto is regulated in filings submitted in their respective cases.
Source
🔍 More Crypto News
🔵 Circle becomes first stablecoin issuer to secure regulatory approval under MiCA
Circle announced on July 1 that it has received an e-money license from France, positioning it as the first global stablecoin issuer to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations. The license, issued by France’s financial regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), allows Circle to issue its stablecoins USDC and Euro Coin (EURC) across the EU under the new regulatory framework, effective immediately.
Source
🔍 More Crypto News
🪙 SEC returns S-1 forms to Ethereum ETF issuers, with at least one more round to go: Source
The U.S. Securities and Exchange Commission returned the S-1 forms to prospective Ethereum ETF issuers in the latest round of back and forth before they go effective. The forms were handed back with light comments, according to a source at one issuer. The issuers have been asked to address the comments and refile them by July 8.
Source
🔍 More Crypto News
💰 Industry experts challenge Peter Thiel’s reservations about Bitcoin’s future price potential
Peter Thiel, former PayPal CEO and co-founder of Founders Fund, recently expressed doubt about Bitcoin’s future price potential, stating it is unlikely to increase “dramatically” from its current levels. However, several industry experts challenge Thiel’s viewpoint, arguing that the flagship crypto still has significant room for growth. Bitcoin was trading at $60,300 as of press time, down almost 2% over the past 24 hours.
Source
🔍 More Crypto News
🪙 Galaxy Digital sees up to $7.5 billion flowing into ETH ETFs within first five months
Galaxy Digital said exchange-traded funds tracking Ethereum’s native token, could become a multi-billion market opportunity soon after approval. The U.S. Securities and Exchange Commission recently changed course to accelerate the approval of these funds, with some analysts predicting the first ETH ETFs approvals could come in next week. The SEC has yet to approve the crucial S-1 filings needed for the funds to hit the market.
Source
🔍 More Crypto News
🥇 Wallets allegedly linked to US government move 3,940 bitcoins to Coinbase
Wallets thought to be associated with the U.S. government have moved a sizable portion of cryptocurrencies — specifically 3,940 bitcoins worth $241 million — onto Coinbase, according to on-chain sleuth Lookonchain. This comes just hours after the same pseudonymous researcher found evidence that the German government had moved 750 bitcoins. It is not uncommon for governments to sell or auction off crypto collected through criminal investigations or other asset seizures.
Source
🔍 More Crypto News
🪙 VanEck’s zero fees are part of plan to become the ‘go-to provider for crypto ETFs’
VanEck recently disclosed it would waive fees for its spot Ethereum ETF, adopting a similar strategy to its Bitcoin counterpart launched earlier this year. Sigel added that VanEck is confident its approach will “resonate” with investors across the spectrum and help drive more interest in Ethereum and the role it can play in their portfolios. He added that the lack of fees is also expected to lower the barrier of entry for new investors.
Source
🔍 More Crypto News
💰 Bitcoin sees $630 million outflow as crypto ETP trading volume hits new low amid market’s ‘true correction’
The crypto market is undergoing a significant correction as investors withdrew $584 million from crypto-related investment products last week, according to CoinShares’ latest report. Additionally, global trading volumes for crypto ETPs hit their lowest levels since the US Securities and Exchange Commission approved the launch of several spot Bitcoin exchange-traded funds (ETFs) in January, totaling just $6.9 billion for the week.
Source
🔍 More Crypto News
📣 Crypto Market Still in Bull Cycle But There Are Worrying Signs: CryptoQuant
The lack of bullish momentum in the crypto market is evident in weak bitcoin whale demand growth and low stablecoin liquidity. The crypto market is in the red amid significant bloodshed from bitcoin (BTC) and altcoins. There is currently no bullish momentum, and BTC is hovering around key levels, falling below traders’ on-chain realized price of $65,800. Regardless, CryptoQuant analysts insist in a recent report that the market is in a bull season.
Source
🔍 More Crypto News
🌐 Join the Top Telegram Crypto News Channel: Cryptocurrency ↪ Inside! 🌐
Discover the latest in crypto:
- 📰 Up-to-Date News: Stay informed with the newest updates.
- 🔗 Onchain Analytics: Gain deep insights from blockchain data.
- 📅 Market Updates & Insights: Keep track of important market trends.
👥 Join Our Active Community: Engage with fellow crypto enthusiasts.
🔗 Join now: @Cryptocurrency_Inside
#CryptoCommunity #Blockchain #CryptoNews #MarketInsights 🚀🌐📈🔗📅
💰 Bitcoin liquidations spike as price drops below the $64,000
Bitcoin long liquidations have spiked to over $27 million in the past day after a price correction saw the largest digital asset by market hover around $63,600. In the past 24 hours, $33.85 million in bitcoin positions were liquidated, and over $132 million in the wider cryptocurrency market was liquidated in the same period. Of these combined crypto liquidations, the vast majority — around $105 million — were long positions, according to Coinglass data.
Source
🔍 More Crypto News
💰 Perpetual futures trading volume surges as Bitcoin spot trading lags
Bitcoin derivatives market has been a whirlwind of activity. Trading volumes for perpetual futures took a nosedive from $53.156 billion on June 12 to just $10.910 billion by June 15, only to rebound drastically to $51.239 billion by June 18. Interestingly, these fluctuations did not exactly mirror Bitcoin’s price movements, exposing a complex interplay of market factors.
Source
🔍 More Crypto News
💰 Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This significant transaction came after several test transfers were conducted earlier on July 4. The trustee had previously announced that distributions would commence in July, though the specific date remains unspecified. The new wallet now ranks as the 19th largest BTC wallet globally in terms of total holdings.
Source
🔍 More Crypto News
💰 Mt Gox wallets make small bitcoin moves, including to recipient exchange Bitbank, shows Arkham
A number of Mt Gox wallets were involved in two transactions over the last few hours ahead of the pending repayments of $9 billion of bitcoin. When the Mt Gox funds were last moved with significant size, the funds were predominantly consolidated in three wallets. When this happened, there was $24 left in a wallet that was used as an intermediary at one point. In the last few hours, this small amount of bitcoin was forwarded on to a wallet that then sent funds to Bitbank's hot wallet, according to Arkham labeling.
Source
🔍 More Crypto News
💰 Lido sees around 100k increase in staked Ethereum amid SEC scrutiny
Lido has reported a rise in staked Ethereum on its platform despite the US Securities and Exchange Commission (SEC) classifying its staking programs as securities in its lawsuit against Consensys. A July 2 report showed that Lido users staked an additional 95,616 ETH between June 24 and July 1. This increased the total value of assets staked on the platform by 1.26%, reaching $33.48 billion.
Source
🔍 More Crypto News
🇩🇪 German government sends another $17.6 million in 💰 bitcoin to Coinbase, Bitstamp and Kraken: Arkham
Bitcoin addresses labeled as belonging to German authorities appeared to send another 282.74 ($17.6 million) to Coinbase, Bitstamp and Kraken on Tuesday morning — indicating a potential intention to sell the assets — according to on-chain analytics provider Arkham. The German government-labeled addresses began sending bitcoin to crypto exchanges last month following the seizure of 50,000 BTC from the film-piracy site Movie2k in January.
Source
🔍 More Crypto News
🪙 Vitalik Buterin suggests ways to speed up Ethereum transaction confirmations
Ethereum co-founder Vitalik Buterin has suggested ways to help the blockchain improve its transaction confirmation times. Buterin, in a June 30 blog post, explained that Ethereum’s Gasper consensus mechanism uses a slot-and-epoch architecture that contains certain complexities, like bug interactions and a 12.8-minute confirmation time, that makes it “more and more uncomfortable” for user experiences.
Source
🔍 More Crypto News
🔵 Coinbase to launch CFTC-regulated futures trading for 5 altcoins
Coinbase Derivatives plans to launch margined futures contracts for Avalanche (AVAX), Chainlink (LINK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHIB). On June 28, the service published an announcement and submitted filings to the CFTC to list each contract under a self-certification model.
Source
🔍 More Crypto News
💰 Bitdeer plans to gain 570 MW of power capacity for bitcoin mining by leasing industrial park
Bitcoin mining firm Bitdeer Technologies is in the process of acquiring nearly 600 megawatts (MW) of additional power capacity to grow its bitcoin mining capabilities and other activities. The mining operation said Friday it expects to secure up to 570 MW of power capacity by entering a lease for an Ohio-based industrial park equipped with an advanced power infrastructure. The 30-year agreement will increase Bitdeer’s total power capacity to 2.5 GW globally, in addition to strengthening the company’s infrastructure development pipeline for Bitcoin mining.
Source
🔍 More Crypto News
🪙 Vitalik Buterin backs new blockchain MegaETH as it raises $20 million at '9-figure' token valuation
MegaLabs, the developer of a new blockchain called MegaETH, has raised $20 million in a seed funding round. MegaLabs began raising funds for the seed round last December and closed it in May, co-founder and chief business officer Shuyao Kong told The Block. The round was structured as equity plus token warrants and brought MegaETH's fully diluted token valuation to a "9-figure" amount, Kong said, meaning at least $100 million.
Source
🔍 More Crypto News
🇪🇺 EU crypto sector faces disruption from next week's MiCA rules targeting stablecoin activity: analyst
The upcoming Markets in Crypto Assets framework will enforce stringent regulatory requirements for stablecoin activity in the European Union that could adversely impact the bloc's cryptocurrency sector, an analyst said. From next Monday onwards, stablecoin activity in the EU must comply with the new requirements following the partial implementation of MiCA across the entire bloc. Outlier Ventures Head of Research Jasper De Maere said that, because the majority of all stablecoins are USD pegged.
Source
🔍 More Crypto News
🇩🇪 German government sends further $24 million in bitcoin to Coinbase and Kraken: Arkham
German government-labeled addresses appeared to send another 400 ($24.34 million) to Coinbase and Kraken Tuesday morning, indicating a potential intention to sell the assets and following substantial transfers of its seized bitcoin last week, according to on-chain analytics provider Arkham. “They have also moved 500 BTC ($30.4 million) to address 139Po. We have yet to see where these funds are moved” Arkham posted on X.
Source
🔍 More Crypto News
📊Market eyes max pain prices as $6.6 billion BTC and $3.4 billion ETH options expiry nears
As June draws to close, significant expiration in Bitcoin (BTC) and Ethereum (ETH) options loom, potentially impacting market conditions. On June 28, BTC options worth $6.6 billion will expire. Deribit data reveals a put/call ratio of 0.53, indicating a bullish sentiment, with total open interest roughly around 107,000 BTC—70,000 in calls and 37,000 in puts. Despite this, BTC’s price has been declining, dropping 10% over the past month to as low as $60,500, edging towards the max pain price of $58,000.
Source
🔍 More Crypto News
💰 Osmosis DAO backs zero-fee Bitcoin bridge to Cosmos
Osmosis Decentralized Autonomous Organization (DAO) is unanimously supporting a proposal to adopt a revenue share proposal that enables a zero-fee Bitcoin bridge to the Cosmos ecosystem via Nomic. The proposal has received overwhelming community support, with about 92% of DAO members favoring the zero-fee upgrade. Meanwhile, around 6% of the DAO members abstained from voting, while 1% were against the move.
Source
🔍 More Crypto News
🪙 SEC closed the book on its Ethereum 2.0 investigation, but legal questions remain
The Securities and Exchange Commission's move to close its "Ethereum 2.0" investigation of Consensys raises the question: So, is ether not a security? Consensys announced on Tuesday that the SEC's enforcement division notified the blockchain and web3 development company that it was closing its investigation into Ethereum 2.0 in a "major win" and said that it meant that the SEC "would not bring charges alleging that sales of ETH are securities transactions.".
Source
🔍 More Crypto News
💰 3iq applies to launch Solana ETP in Canada
Investment firm 3iQ has applied to launch the first Solana exchange-traded product (ETP) in Canada. The proposed ETP, called Solana Fund, would offer Canadian investors exposure to SOL without requiring them to use hot wallets or other blockchain-related technology, 3iQ said Thursday in a statement. The fund, if approved, would launch on the Toronto Stock Exchange under the ticker QSOL.
Source
🔍 More Crypto News
💰 Bitcoin OTC balances spike by 62,000 BTC in 30 days, highest since 2021
Bitcoin's OTC desk balances surge to levels unseen since the FTX collapse, market watchers are alarmed. Historically, this scenario has preceded significant price movements, either signaling a local top or indicating smart money is cashing out. The data reveals a startling addition of 85,000 BTC recently, juxtaposed with a miner sell-off reaching record highs. How does this intricate dance of market forces shape Bitcoin's trajectory from here? Dive into the full analysis on Alpha.
Source
🔍 More Crypto News