Bitcoin
– MicroStrategy, led by Michael Saylor, has purchased an additional 12,333 bitcoins, bringing their total holdings to 152,333 bitcoins.
– Fidelity, a major asset manager, is preparing to submit its own application for a bitcoin exchange-traded fund (ETF).
– Bitcoin’s price strength above $30,000 suggests a potential upward move.
Ethereum
– HSBC Hong Kong now supports Bitcoin and Ethereum futures ETFs.
– Mastercard plans to launch a blockchain-based marketplace for financial applications, expanding payment solutions.
Altcoins
– The rise of Bitcoin has positively impacted the entire cryptocurrency sector, including altcoins.
Technology
– Worldcoin, led by Sam Altman, has partnered with Auth0 to effectively manage World ID logins.
– dYdX is set to launch the public testnet of its Cosmos-based blockchain in July 2023.
– Circle has operationalized its Cross-Chain Transfer Protocol (CCTP) on Arbitrum, a Layer 2 scaling solution for Ethereum.
Business
– Ledger, a crypto wallet service provider, is entering the world of institutional trading technology.
– Tether has signed an MOU with the Government of Georgia to position Georgia as a center for blockchain technology.
– Voyager customers can open a Gemini account to withdraw their cryptocurrencies.
– FTX has recovered $7 billion in liquid assets, marking significant progress in asset recovery.
– Robinhood plans to lay off around 150 employees, representing 7% of its workforce.
– Nevada’s Financial Institutions Division has taken control of Prime, freezing its businesses and operations.
– Binance has reversed its decision to delist certain privacy coins in Europe.
– Cardinal Labs, part of Solana, is winding down operations due to economic conditions.
Regulations
– The SEC rejected all recent ETF filings for Bitcoin.
– Binance’s crypto custody license application was rejected by the German BaFin regulator.
– KuCoin will introduce mandatory KYC rules to comply with regulations.
– Coinbase filed a motion to dismiss the SEC’s legal case, citing jurisdiction and due process violations.
– The Blockchain Association called on SEC Chair Gary Gensler to recuse himself from enforcing crypto rules.
– Kraken has been ordered to provide user account information and transaction history to the IRS for tax compliance.
– The UK’s Financial Services and Markets Bill aims to regulate Bitcoin and crypto.
– The Law Commission of England and Wales published recommendations to develop crypto laws.
– Swiss authorities seized over $26 million worth of digital assets linked to Terraform Labs.
NFT
– Melania Trump launched an NFT collection to celebrate Independence Day.
– The Azuki Elementals NFT collection sold out in 15 minutes and generated $38 million.
Hot Take
Bitcoin’s continued growth and institutional adoption, along with advancements in technology and regulatory developments, are shaping the future of the cryptocurrency industry. The NFT market also continues to attract attention and generate significant revenue. It is an exciting time for the crypto space as it evolves and gains mainstream recognition.
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