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Latest crypto market insights twitter.com/cryptounfolded | ads.unfolded.io | contact: @nakamotocat

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In Q2 2024, venture capitalists invested $3.194bn (+28% QoQ) into crypto and blockchain-focused companies across 577 deals (-4% QoQ) — link

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German government continues to transfer thousands of bitcoins to exchanges and market makers — link | tl;dr

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Bitcoin prices are hovering very close to the average cost of production for Bitcoin miners — link

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Mt. Gox begins repayments in Bitcoin and Bitcoin Cash — link | tl;dr

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The share of stablecoins vs fiat market share of volume just hit its highest level since 2020. Currently, 84% of crypto trade volume involves stablecoins, while fiat accounts for only 16% — link

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German government transfers $175 million in Bitcoin, including $75 million to crypto exchanges — link | tl;dr

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Yesterday, US spot Bitcoin ETFs report $130 million in net inflows, largest influx in three weeks — link | theblock

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SEC sues Silvergate Bank for securities fraud in Federal Court

Silvergate settles charges with SEC over its crypto dealing, to pay $50M penalty — link | archive | sec

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German government moves additional $94 million worth of Bitcoin to exchanges — link | tl;dr

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Sony gets ready to launch crypto exchange in Japan with acquired Amber platform — link | tl;dr

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Currently, the BTC weekend trading volume stands at an all-time low of 16% in 2024, marking a 12 percentage point decrease from its peak of 28% in 2019 — link

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Coinbase sues SEC, FDIC over FOIA requests, says federal regulators trying to cut out crypto — link | tl;dr

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Since October, Bybit’s market share has surged from 8% to 16%, surpassing Coinbase in March to become the second-largest exchange after Binance — link

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Crypto firm Abra reaches settlement with US states for operating without licenses, will return up to $82M to US customers — link | coindesk | tl;dr

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DigitalX to list Bitcoin ETF on Australia’s main stock market — link

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Digital asset investment products saw inflows totalling $441m, with recent price weakness prompted by Mt Gox and the German government selling pressure likely being seen as a buying opportunity — link

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Mt Gox creditors may have to wait for up to three months to receive their Bitcoin — link | tl;dr

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Mt Gox moves 47,229 Bitcoin worth $2.71 billion — arkham | theblock

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South Korean government unveils real-time monitoring for crypto fraud — link | tl;dr

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Robinhood said to be considering listing crypto futures in the US and Europe — link | archive

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While some similar macro factors may influence both Bitcoin and equities, their correlation remains low, despite a slight increase from zero to 0.26 (90-day rolling).

The US dollar index, likely driven by other macro factors (inflation, interest rate differentials, etc.), has been more important for correlations to BTC than equities — link

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Circle snags first stablecoin license under EU's new MiCA crypto rules — link | tl;dr

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Digital asset investment products saw a third consecutive week of outflows totalling $30m, with last week indicating a significant stemming of the outflows.

In contrast to prior weeks, most providers saw minor inflows, although this was offset by incumbent Grayscale seeing $153m outflows — link

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IRS finalizes controversial tax reporting rule for brokers, punts decision on DeFi — link | tl;dr

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SEC sues Consensys over MetaMask staking, broker allegations — link | tl;dr

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Coinbase and Stripe team up to expand global adoption of crypto — link

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South Korean crypto VC Hashed expands presence to Abu Dhabi: report — link | tl;dr

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U.S. regulators may approve spot Ethereum ETFs for trading by July 4 — link

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US Government sends 3,940 BTC (~$240M) to Coinbase a day after getting approval to sell by Judge — link

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