📉 Bitcoin's hashrate drawdown is at a low not seen since Dec 2022, hinting at a potential market bottom. Data from CryptoQuant shows a -7.6% True Bitcoin Hashrate Drawdown, suggesting low selling pressure. Meanwhile, Bitcoin miners are showing signs of capitulation, indicating possible Bitcoin buying opportunities. But don't pop the champagne just yet! Market analyst Will Woo warns that the market won't hit new highs until weak miners close shop. And with the 2024 halving event looming, a report from Cantor Fitzgerald suggests major mining companies could face profitability issues if Bitcoin's price falls to $40,000. So, buckle up, crypto fans! It's gonna be a bumpy ride! 🎢

📢 Silvergate Capital Corporation, the parent company of a crypto-friendly bank, is facing a lawsuit from the SEC over allegations of facilitating fraud at the now-defunct FTX exchange. The SEC claims Silvergate and its former executives misled investors about its compliance program and monitoring of crypto customers. Silvergate has agreed to a $50 million civil penalty, while former CEO Alan Lane and ex-Chief Risk Officer Kathleen Fraher have agreed to pay $1 million and $250,000, respectively. Meanwhile, former CFO Antonio Martino is ready to fight back, calling the allegations "unfounded and irresponsible". Stay tuned for the next episode of Godzilla vs. Kong: SEC vs. Crypto! 🍿

📉 Ethereum (ETH) exchange-traded products are having a bit of a rough patch, with investors pulling out a whopping $61 million between June 24-29. This makes June's total outflows a cool $37 million. Ether funds are now the "uncool kids" of the year, with $25 million withdrawn so far. Despite this, Bitcoin ETF providers are enjoying a modest inflow, like the popular kid who just got a new haircut. Meanwhile, altcoins Solana (SOL) and Litecoin (LTC) are attracting some attention, with inflows of $1.6 million and $1.4 million respectively. So, it's not all doom and gloom in the crypto playground! 😎

🏛️SCOTUS has been busy! Two recent rulings could shake up how the SEC handles enforcement actions against crypto firms. First, a 6-3 decision in SEC v. Jarksey means defendants in SEC civil cases are now entitled to a jury trial. Then, a ruling in Loper Bright Enterprises v. Raimondo overturned the Chevron deference, requiring lower courts to exercise independent judgment rather than deferring to federal agencies. Crypto Council for Innovation CEO Sheila Warren warns this could limit the SEC's regulatory reach. Meanwhile, critics argue these decisions could lead to an overwhelmed court system and benefit wealthy corporations. Stay tuned, folks! 🍿

🚀 Bitcoin bulls are making a comeback, with a higher low at $58,402 on June 24, hinting at a potential July rally. However, the Mt. Gox repayments may create selling pressure. Meanwhile, the S&P 500 Index hit a new lifetime high, but short-term traders are booking profits. The U.S. Dollar Index is showing positive sentiment, with bulls buying the dips. In the crypto world, Bitcoin, Ether, BNB, Solana, XRP, Toncoin, Dogecoin, and Cardano are all showing signs of bullish activity. But remember, in the wild world of crypto, anything can happen. So buckle up and enjoy the ride! 😎

🎉EU's MiCA crypto regulation partially kicks in, causing a stir in the stablecoin market. Exchanges like Binance, Kraken, and OKX are waving goodbye to noncompliant stablecoins like Tether. Meanwhile, IRS unveils the final draft of crypto broker rules, but decentralized exchanges and self-custody wallets get a hall pass. Stablecoins, however, are not so lucky.

In other news, Bolivia's central bank is giving Bitcoin a warm welcome, lifting the ban on crypto payments. But don't get too excited, they're not legal tender yet.

Lastly, Coinbase is playing hardball with SEC and FDIC, suing them over FOIA noncompliance. The crypto giant is digging for info on Ethereum 2.0 and previous investigations. Seems like the drama in the crypto world never ends! 🍿

🍪 Bitcoin munches through $63K resistance, up 4.5% in 3 days, despite German and U.S. governments selling off their BTC stash. Investors shrugged off the FUD, focusing instead on the entry of potential big players like Dell's CEO, Michael Dell, who recently hinted at a Bitcoin investment. Meanwhile, Sony's subsidiary, Amber Japan, rebranded to S.BLOX, shifting focus to crypto trading. Additionally, the overvaluation of U.S. tech stocks and a dip in Tesla's sales forecast have investors seeking solace in Bitcoin. So, despite government sell-offs, Bitcoin's resilience is shining brighter than a diamond! 💎

🎉 Circle's a winner! The company has become the first stablecoin issuer in the EU to gain regulatory approval under the new MiCA framework. This means USDC and EURC are now regulatory compliant, easing investor fears of having to redeem their stablecoins or transfer funds to stay compliant. 🇫🇷 Vive la France! Circle has chosen the country as its European HQ, citing its progressive stance on digital asset regulation. Meanwhile, exchanges like Uphold, Bitstamp, and Binance are adjusting their stablecoin policies in response to the new regulations. Here's to a more regulated (and less scary) crypto future! 🥂

🚀 Aptos Foundation is eyeing a big move! They've proposed to introduce Aave Protocol v3 onto their mainnet. If approved, it'd be the first time Aave's liquidity protocol strays from Ethereum Virtual Machine (EVM)-compatible blockchains. Aptos, a layer-1 blockchain, is not EVM-compatible but uses its own architecture based on Facebook's Move programming language. Aave Labs is all set to proceed with the deployment, pending community approval. Aptos recently hit a record 115.4 million user transactions in a day, thanks to the "Tapos Cat" game. But it's not all smooth sailing - they had a 5-hour network outage in 2023. Stay tuned!

🎣 "Phish Fry!" Hedera Hashgraph users, beware! A sneaky phisher hacked into Hedera's marketing email, sending out bait to unsuspecting subscribers. The team's advice? Don't bite! Ignore any links in emails from marketing@hedera. Meanwhile, Progress patched a critical vulnerability in its MoveIt file transfer software, but some businesses may still be using the unpatched version. In other news, a cunning address poisoning attack saw a victim lose over $70,000 worth of USDT. Remember folks, always double-check those addresses! Lastly, Istanbul-based crypto exchange BtcTurk suffered a $55 million loss via a stolen private key. Despite the setback, BtcTurk assures users that their balances will remain unaffected. Stay safe out there, crypto comrades! 🚀

📣 EU's "Chat Control 2" proposal, aiming to mass surveil user messages for child abuse content, has been dropped due to lack of support. The legislation, criticized for undermining citizen rights, would have scanned images, videos, and URLs using AI. Matthew Nimerg, co-founder of Aleph Zero, warns that such measures could lead to more invasive regulations, affecting law-abiding citizens more than criminals. While the legislation may return in another form, privacy advocates hope for a more balanced approach. Remember folks, Big Brother may be watching, but we're watching back! 💪👀

🚀 Ethereum's co-founder, Vitalik Buterin, is on a mission to make Ethereum transactions faster than a cheetah on a caffeine rush! He's proposed a move from the current epoch-and-slot mechanism to a single-slot finality system (SSF), aiming to cut transaction confirmations from seconds to milliseconds. The Ethereum Merge has already reduced L1 confirmations to 5-20 seconds, which Buterin cheekily compares to the speed of a credit card transaction. However, he's not stopping there, stating there's value in further improving user experience. Buterin's proposal isn't without challenges, including potential network congestion, but he's optimistic about exploring solutions. Stay tuned, folks!

🎉 Tether, the world's largest stablecoin issuer, is bringing a touch of crypto convenience to the Philippines! In partnership with Web3 shopping firm Uquid, Tether is enabling Filipinos to pay their Social Security System (SSS) contributions in USDT. This move not only simplifies payments but also highlights the growing role of stablecoins in everyday transactions. Uquid CEO, Tran Hung, sees this as a significant step in bridging the gap between digital currencies and daily transactions. So, next time you think of crypto, remember it's not just for the tech-savvy, it's for everyone! #CryptoForAll 🌏

🕵️‍♂️ Governments are getting in on the crypto action! Germany and the U.S. have been moving millions in Bitcoin (BTC) and Ether (ETH) respectively. Germany recently transferred 1,500 BTC (about $95 million) to various exchanges, while Uncle Sam moved 3,375 ETH (around $11.75 million) to an unknown address. The U.S. transfer came from funds seized from Estonian crypto entrepreneurs - talk about a plot twist! Meanwhile, Germany's BTC shuffle might be influenced by upcoming EU crypto regulations. So, are governments becoming crypto day traders or what? Stay tuned for more crypto drama! 💰🌐

🤖 Charles Hoskinson, co-founder of Cardano, is worried about AI censorship, calling it a "profound" concern. He believes big tech companies like OpenAI, Microsoft, Meta, and Google, which control major AI systems, are losing utility due to 'alignment' training. Hoskinson demonstrated this by asking two AI chatbots how to build a Farnsworth fusor, receiving cautious responses. He argues for open-sourced and decentralized AI to prevent big tech gatekeeping. This echoes concerns from Elon Musk and others, who've criticized AI for political correctness and potential bias. #DecentralizeAI

📉 June's crypto hack losses took a 54.2% nosedive from May, with a net loss of $176 million, says PeckShield. BtcTurk's $100 million heist topped the list, followed by Lykke and UwU Lend. Centralized exchanges were the main victims, contributing 70% of Q2's $572 million losses. But don't worry, only a tiny fraction of attacks on these exchanges were successful. So, keep calm and crypto on! 😎💰 #BlockchainNews #CryptoHacks

🎉 Sony's crypto trading service, WhaleFin, is getting a makeover! Now operating under the name S.BLOX, the company plans to collaborate with other Sony businesses to expand its crypto trading reach. But that's not all! WhaleFin is also getting a user-friendly facelift, with a new interface and app releases on the horizon. This is all part of Sony's master plan to stay competitive in the crypto market. So, buckle up crypto enthusiasts, Sony's making waves in the crypto sea! 🐳💰

Bitcoin (BTC) has kicked off Q3 2024 with a bang, aiming to reclaim its lost territory on the way to all-time highs. Despite a couple of bear traps, the bulls are hopeful. Traders are eyeing not just the $60,000 mark but other bull market trendlines for confidence in the BTC price rebound. Meanwhile, U.S. unemployment data and inflation cues from Federal Reserve officials are set to add to this week's volatility. Bitcoin miners are also in focus, with questions arising whether the current low hash price will hinder industry recovery. So, buckle up crypto enthusiasts, the ride to the moon 🚀 might just get a little bumpy!

📉 NFT sales took a 44% nosedive in Q2, possibly due to the rise of celebrity, political, and animal-themed memecoins and a crypto market downturn. Q2 was a tough cookie, with Bitcoin falling 15% and altcoins faring even worse. But don't count NFTs out yet! They've bounced back before, raking in over $3 billion in sales in Q4 2023. Meanwhile, memecoins are partying hard, with trading volumes hitting $3.4 billion in the last 24 hours alone. So, whether you're team NFT or memecoin, keep your popcorn ready. This crypto rollercoaster ride isn't over yet! 🍿

🚀 Bitcoin (BTC) might be gearing up for a July comeback after a sluggish June, say analysts. Historically, BTC tends to bounce back in July if June ends on a down note. The average gain? A cool 7.42%. This pattern has been observed for seven of the past eleven July trading periods. But don't pop the champagne just yet. Some analysts are predicting a tough July due to the German government's Bitcoin sales and the upcoming Mt. Gox repayments. However, the impact of these repayments might not be as severe as feared. So, keep your eyes on the prize and your fingers crossed for a bullish July! 🎆