✅ BTC and the S&P 500 lost ground at the end of the week following the U.S. labor market report.
Gold fared the worst, compounded by additional bad news from China 🫥
Weekly Digest PART 1:
💎 Cryptocurrencies
✔️ Pavel Durov reported that the value of donations to him in Notcoin tokens increased from $6 million to $24 million.
✔️ Fidelity recommended that everyone buy bitcoin with 1-5% of their investment portfolio.
✔️ BlackRock's bitcoin ETF balance exceeded $20 billion.
✔️ Pavel Durov announced the launch of Telegram Stars digital currency for purchases in mini-apps on Android and iOS.
🏦 Crypto Exchanges
✔️ FTX settled a lawsuit with the IRS for $24 billion and will pay only $200 million.
✔️ Binance resumed operations with Mastercard.
✔️ Coinbase introduced a new crypto wallet, Smart Wallet.
✔️ Bybit created a registration page for users from China, although the exchange's rules state that it does not serve them.
✔️ Kraken is attracting investor funds for a future IPO.
🪙 Financial News
✔️ The ECB and Bank of Canada lowered rates to 4.25% and 4.75%, respectively.
✔️ In May, the People's Bank of China did not purchase gold for reserves for the first time in the last 18 months.
✔️ Nvidia became the second-largest company in the world by market capitalization, displacing Apple from this position 💰
✔️ OPEC+ extended voluntary oil production cuts through 2025.
⚖️ Regulation
✔️ On June 30, Binance will restrict access to several stablecoins in the EU that do not comply with MiCA regulations.
✔️ Gary Gensler commented on the Ethereum ETF: the launch process will take some time and won't be quick.
✔️ Thailand's regulator approved the country's first spot bitcoin ETF, but only for institutional investors.
