74191
◾️Important Crypto news 📰 ◾️Charts 📈 ◾️On chain Analytics 🔗 ◾️Interviews / Podcasts Contact: @CNBE_Admin
🏦 KuCoin to enforce 7.5% VAT on Nigerian trades amid regulatory changes
Crypto exchange KuCoin said it would start collecting a 7.5% value-added tax on trading fees from its Nigerian users on July 8. The platform explained that the 7.5% fee would be applied to each trade’s transaction fees, not the transaction amount. It added that the fee covers all transaction types that Nigerian users can perform on its platform.
Source
📌 Best Crypto News
📊 Robinhood looking to list crypto futures in the coming months: Bloomberg
Robinhood is reportedly looking to leverage its impending Bitstamp acquisition to expand further into the futures market with crypto contracts. Robinhood Markets wants to launch CME-based Bitcoin and Ether futures in the U.S. and would use Bitstamp's licenses to offer perpetual futures for Bitcoin and other tokens in Europe, Bloomberg reported citing people familiar with the matter.
Source
📌 Best Crypto News
📊 Crypto Spot ETFs Will Have More Influence on Market's Price Action: Canaccord
The approval of bitcoin (BTC) and ether (ETH) spot exchange-traded funds (ETFs) is encouraging and while digital assets underperformed traditional assets in the second quarter, potential ETF inflows could reverse the recent trend, broker Canaccord Genuity said in a quarterly report on Sunday. Spot ETFs are expected to become a more meaningful part of crypto’s price action, analysts led by Michael Graham wrote.
Source
📌 Best Crypto News
🇺🇸 U.S. spot ETH ETFs delayed; SEC asks for resubmission of S-1 forms by July 8
According to Eric Balchunas, senior ETF analyst for Bloomberg, the U.S. Securities and Exchange Commission (SEC) has asked prospective spot Ethereum exchange-traded funds (ETFs) issuers to re-file their S-1 forms by July 8. This would delay the launch of the Ethereum ETFs to mid-July or later, pushing it from its expected launch date of July 2. SEC chief Gary Gensler told the senate last month that spot ETH ETFs will be approved ‘this summer.’
Source
📌 Best Crypto News
🇺🇸 SEC looks to end Ethereum staking through MetaMask in new lawsuit
The SEC has filed a new lawsuit against Consensys for alleged violations of federal securities laws. The complaint centers on Consensys’s MetaMask wallet services, specifically the Swaps and Staking features, which the SEC claims have been operating as unregistered broker services since October 2020 and January 2023, respectively. The SEC asserts that Consensys has collected over $250 million in fees from these activities without providing necessary investor protections.
Source
📌 Best Crypto News
🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟
Stay ahead with:
- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.
Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!
🔗 Join now: @Cryptocurrency_Inside
#advertising
💰 Marathon Digital expands into altcoin mining to diversify revenue streams post-Bitcoin halving
Marathon Digital, the largest public Bitcoin miner by market cap, announced late Wednesday it had expanded into altcoin mining to diversify its revenue streams following Bitcoin's latest halving event. The altcoin in question is Kaspa, with Marathon deploying its first Kaspa application-specific integrated circuit (ASIC) miners in September 2023. In total, Marathon said it has purchased around 60 PH/s of Antminer KS3, KS5 and KS5 Pro ASICs from manufacturer Bitmain, each of which it claims can generate up to 95% profit margins given the current network difficulty rate and price of KAS.
Source
📌 Best 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
📌 Best Crypto News
💰 Mt. Gox Redemption Fears ‘Overblown’ Say Traders as $10B BTC Holdings Draw Concerns
Crypto traders say selling pressure from Mt. Gox’s newly announced repayments could be much less than market observers fear, easing concerns about an imminent selloff. “The impact on bitcoin's price from Mt. Gox distributing Bitcoin is likely overblown,” Sam Callahan, senior analyst at Swan Bitcoin, said in a Tuesday email to CoinDesk. “Creditors who wanted to sell their bitcoin have now had more than 10 years to do so through selling their bankruptcy claims to more convicted, long-term investors.
Source
📌 Best Crypto News
💰 Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan
The bitcoin (BTC) mining sector is attracting a wave of investor interest following Core Scientific's (CORZ) deal with artificial intelligence (AI) company CoreWeave, JPMorgan (JPM) said in a research report on Monday. The bank notes that the total market cap of the 14 miners it tracks has grown by 22%, or $4 billion, since the announcement, versus a 7% drop for bitcoin and a 3% increase for the S&P 500 stock index.
Source
📌 Best Crypto News
📊 Altcoin Investors Struggle Despite Bitcoin, Ether Sitting Near Yearly Highs
The cryptocurrency market is undergoing a healthy consolidation after a massive run-up from October to March – at least for those who invested in the two largest digital assets. While bitcoin (BTC) and Ethereum's ether (ETH) are only 15% below their yearly highs, several crypto majors like solana (SOL) and avalanche (AVAX) are down 40% to 50% from their March peaks, while layer-1 challengers sui (SUI) and aptos (APT) have cratered 60% to 70%.
Source
📌 Best Crypto News
🪙 BlackRock, other issuers update S-1 filing for spot Ethereum ETFs, raising expectations for July launch
Seven spot Ethereum ETF applicants amended their registration statements with the SEC on June 21, leading to increased expectations of a trading launch in early July. Franklin Templeton, VanEck, Invesco Galaxy, BlackRock, 21Shares, and Fidelity submitted updated S-1 registrations for their respective funds. Grayscale submitted an amended S-3 registration for its Ethereum Trust and an additional amended S-1 statement for its mini Ethereum Trust. Bitwise did not amend its registration statement.
Source
📌 Best Crypto News
🥇 Bitcoin miner OTC selling remains high as reserves drop to multi-year low: CryptoQuant
Bitcoin miner reserves have plummeted to lows not seen since 2021, according to CryptoQuant data. Miner reserves reveal the amount of bitcoin held by affiliated miner wallets, the value indicates the reserve that miners have yet to sell. Data shows that current miner reserves are around 1.82 million bitcoins after starting the year with approximately 1.87 million bitcoins.
Source
📌 Best Crypto News
🟣 Kraken discloses it was exploited for nearly $3 million in bug that has now been fixed
Kraken disclosed nearly $3 million was taken from its wallets following a bug-related exploit that's since been fixed. The crypto exchange received a bug bounty program alert on June 9, according to Kraken’s Chief Security Officer Nick Percoco. The alert warned it to an “extremely critical” bug, allowing an attacker to artificially inflate their balance on its platform.
Source
📌 Best Crypto News
🪙 Global Ethereum ETPs outperform Bitcoin counterparts ahead of anticipated ETF launch in US
Global Ethereum exchange-traded products have outperformed their Bitcoin counterparts over the past week ahead of the highly-anticipated launch of spot Ethereum exchange-traded funds in the U.S. Ethereum ETPs generated net inflows for their fourth consecutive week, totaling 16,911 ETH, according to data from K33 Research. Meanwhile, Bitcoin ETPs saw net outflows of 12,523 BTC — the third-worst week to date — primarily driven by U.S. spot Bitcoin ETF net outflows.
Source
📌 Best 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
📌 Best Crypto News
◾️Important Crypto news 📰
◾️Charts 📈
◾️On chain Analytics 🔗
◾️Interviews / Podcasts
Contact: @CNBE_Admin
🔵 Circle earns license to issue USDC and EURC under Europe's MiCA regulatory framework
Circle has become licensed and approved to issue stablecoins under the Markets in Crypto Assets (MiCA). Circle is the first global stablecoin issuer to become compliant with MiCA effective July 1, CEO Jeremy Allaire said in a Paris-based press conference. Circle will be able to issue its stablecoins USDC and EURC under the regulatory framework.
Source
📌 Best Crypto News
⚫️ 21Shares becomes second major firm to apply for a spot Solana ETF this week
Asset manager 21Shares has filed for a spot Solana exchange-traded fund (ETF), marking the second such application from a major firm this week. The proposed 21Shares Core Solana ETF is designed to track the performance of Solana (SOL) by aggregating the notional value of SOL trading activity across major spot exchanges, according to the S-1 registration form filed with the US Securities and Exchange Commission (SEC).
Source
📌 Best 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
📌 Best Crypto News
💰 Solana ETF possible with a change in POTUS, SEC: Balchunas
A spot Solana exchange-traded fund in the United States may only be possible with a change in the administration and the head of its securities regulator, according to Bloomberg ETF analyst Eric Balchunas. Matthew Sigel, head of digital assets research at VanEck, said the new fund, called the VanEck Solana Trust, aims to capitalize on Solana’s decentralized nature, high utility and economic feasibility.
Source
📌 Best Crypto News
🔵 Bitwise CIO predicts $15 billion inflow into Ethereum ETFs despite potential Grayscale outflows
Bitwise CIO Matt Hougan has predicted that the impending spot Ethereum exchange-traded funds (ETFs) will see a $15 billion net flow within their first 18 months of trading. Hougan shared this forecast on June 26, basing his prediction on Ethereum’s market capitalization relative to Bitcoin, data from international ETP markets, and the potential influence of the carry trade strategy.
Source
📌 Best Crypto News
💰 Bitcoin-focused Metaplanet sets up subsidiary in British Virgin Islands
Bitcoin bull Metaplanet has established a new subsidiary, Metaplanet Capital Limited, to enhance its Bitcoin management and expand into new regions. The subsidiary will be focused on managing the Tokyo stock exchange-listed firm’s Bitcoin holdings and strengthening its BTC-only strategy. Additionally, the firm would seek to capitalize on international growth opportunities that would aid Metaplanet’s global expansion.
Source
📌 Best Crypto News
🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟
Stay ahead with:
- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.
Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!
🔗 Join now: @Cryptocurrency_Inside
#advertising
💰 CoinShares says 'true correction' underway after $544 million outflow from spot Bitcoin ETFs last week
U.S. spot Bitcoin exchange-traded funds witnessed a combined $544.1 million in net outflows last week, surpassing $1.1 billion over the past fortnight. Globally, digital asset investment products witnessed outflows totaling $584 million for the second consecutive week, according to CoinShares’ latest report. The exchange-traded products also registered their lowest trading volumes since the U.S. spot Bitcoin ETFs launched in January at just $6.9 billion.
Source
📌 Best Crypto News
🇬🇧 FCA Cracks Down on Suspects in $1.2B Illegal Crypto Asset Business
Two individuals were detained and questioned by the UK Metropolitan Police and the Financial Conduct Authority (FCA) for allegedly running an illegal cryptocurrency operation exceeding 1 billion British pounds ($1.2 billion) in the region. According to the Financial Conduct Authority (FCA), a substantial amount of crypto assets has flowed through this cryptoasset business. The FCA emphasized key registration requirements for crypto businesses and issued consumer warnings.
Source
📌 Best Crypto News
💰 Billionaire Tech CEO Michael Dell Signals Bitcoin Interest Via Michael Saylor Retweet
Michael Dell, CEO of $100-billion-plus market cap Dell Technologies (DELL), showed at least some vague interest in bitcoin , recirculating a BTC-friendly post on X from Bitcoin evangelist Michael Saylor. It started Thursday when Dell posted, "Scarcity creates value." That prompted a reply from Saylor, the executive chairman of MicroStrategy (MSTR), saying, "Bitcoin is Digital Scarcity," which Dell then reposted.
Source
📌 Best 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
📌 Best Crypto News
🇧🇷 Brazil’s tax department to begin collecting information from foreign crypto exchanges
Brazil’s Special Department of Federal Revenue will begin collecting information from foreign crypto exchanges to ensure their operations are in compliance with local regulations, Reuters reported on June 18. The tax department will ask foreign crypto exchanges how they interact with local service providers and ensure the companies provide details required by regulations introduced in 2019.
Source
📌 Best Crypto News
🪙 Ethereum Scaling Solutions Soar to New Heights: Data
The price front remains quiet, but Ethereum scaling solutions appear to be thriving. The latest data suggests a surge driven by not just Layer 2 networks but lesser-known Layer 3 entities as well. According to L2beat, these scaling networks built on top of Ethereum have collectively reached over 246 TPS on June 16, representing a new all-time high. This, in turn, translated to an estimated 21.2 million transactions over the course of the day.
Source
📌 Best Crypto News