✅ The fourth consecutive week ends with a big red candle on the price chart. Crypto investor sentiment crashed to its most negative level since the end of the 2022 crypto winter, as BTC dropped below $54,000 before recovering to $57k 😬
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Weekly news digest:
💎 Crypto
🔸 Hamster Kombat team will soon mint its token on the TON blockchain 🐹 
 
🔸 Only five mining rigs remain profitable as Bitcoin prices dropped to the lowest points since February 
🔸 Standard Chartered predicts that Bitcoin's price could reach a new all-time high in August
 
🔸 Marathon Digital Holdings, the world’s largest Bitcoin mining firm, has not sold any of its Bitcoin holdings in June
 
🔸 South Korea's financial watchdog has developed a surveillance system to monitor suspicious activity in the crypto market 
🏦 Crypto exchanges
🔸 Mt. Gox has announced that the bankruptcy trustee has commenced repayment of BTC and BCH to some creditors
🔸 Robinhood said to consider offering crypto futures in the U.S. and Europe
🔸 The U.S. Marshals Service has selected Coinbase Prime to take custody of and transact its crypto assets
💵 Finances and Economy
🔸 Sony Group acquires Amber Japan which owns a Japanese crypto exchange 🇯🇵
 
🔸 There's a 59.8% chance of a U.S. recession hitting in the next 12 months 🚨
🔸 Unemployment rate in the U.S. rose to 4.1% in June, compared with 4% in the previous month and 4% expected 
🔸 K33 Research expects Ethereum to outperform Bitcoin after the launch of U.S. spot Ether ETFs
 
⚖️ Law and Order
🔸 Circle announced that USDC and EURC are now available under new EU stablecoin laws
🔸 The SEC has returned the S-1 forms to prospective Ethereum ETF issuers with light comments, asking them to fix the issues and refile
 
🔸 The Russian government is considering formally legalizing stablecoins for international transactions
🔸 SEC has filed a lawsuit against Silvergate Capital Corporation, a company behind the bank that allegedly helped facilitate fraud at defunct exchange FTX
🔸 A class-action lawsuit against Roaring Kitty was dismissed
 
 🗣 Personalities
🔸 Robert Kiyosaki, author of "Rich Dad Poor Dad," makes a bold new prediction: the "biggest crash in history"  
🔸 Tron founder Justin Sun offers to buy all Bitcoin held by the German government 
🚀 Best performers of the week:
MANTRA - $0.886 (↑14.5%)
EGKD - $33.09 (↑14.4%)
Notcoin - $0.0152 (↑6.8%)

To make $100 a month in passive income with crypto, you can consider several strategies. Here are some options:
1. Staking: If you hold proof-of-stake (PoS) cryptocurrencies, you can earn rewards by staking your coins in the network¹.
2. Yield Farming: This involves lending your crypto assets to a liquidity pool to earn interest or fees in return¹.
3. Cloud Mining: You can participate in cryptocurrency mining by purchasing a share of the mining power from a service provider¹.
4. Crypto Interest Accounts: Some platforms offer interest-bearing accounts where you can deposit your crypto to earn interest¹.
5. Lending: You can lend your crypto to others through decentralized finance (DeFi) platforms and earn interest payments¹.
6. Dividend-Earning Tokens: Certain tokens provide dividends to their holders, similar to how stocks pay out dividends¹.
7. Forks & Airdrops: Keep an eye out for forks and airdrops, which can provide you with free tokens that may have value¹.
8. Affiliate Programs: Join affiliate programs offered by crypto businesses to earn commissions for referrals¹.
Remember, all investments carry risk, and it's important to do your own research and consider the risks and challenges associated with each method. Diversifying your strategies can also help mitigate risks. Always consider the volatility of the crypto market and never invest more than you can afford to lose
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