📉 **What's Happening in the Crypto Market?**

- **Avalanche (AVAX)** will unlock $954 million worth of tokens on August 20. This equates to 2.41% of the current amount in circulation. 💸

- ​​**Binance.US** will stop providing service to users in Washington state. Users will be forced to close their accounts. 🚫

- **Upbit** will temporarily suspend USDT trading on August 19 for server maintenance.

- **DOGS/USDT** trading pairs will be listed on OKX and Bybit on August 20.

Market volatility and regulatory pressures continue, be careful! 🚨

Giants like Coinbase and KuCoin join the crypto license race in Turkey! 🏃‍♂️💨

- Applications increased after the new regulations of the Capital Markets Board of Turkey (CMB).
- The number of applications increased from 47 to 76; Coinbase, KuCoin and Gate.io are also on the list.
- Giants like Binance, Bitfinex and OKX have also joined the process.
- However, more regulations are expected for official approval.

Turkey's strategic importance in the crypto world is increasing! 🌍

Google Lawsuit! 📱💸

- Maria Vaca from Florida has filed a lawsuit against Google, claiming that a crypto wallet app called Yobit Pro, which she downloaded from the Google Play Store, stole $5 million worth of her crypto.
- Vaca claims that Google misled users by promoting the Play Store as a secure platform.
- The lawsuit draws attention to the growing threat of crypto scams and highlights the need for stricter regulation. 🚨

Ripple’s chief legal officer said it would not be a surprise if the SEC appealed the final decision in the XRP case. Questioning the SEC’s logic, Alderoty said that according to statistics, the probability of appeals courts overturning lower court decisions is less than 10%. He called on the SEC to focus on protecting investors instead of baseless lawsuits. 📉⚖️

Bitcoin's Big Drop! 📉

- Recently, Bitcoin fell from $70,000 at the end of July to $58,000 on August 16.
- Especially on August 5, Bitcoin fell below $50,000, reaching its lowest level in the last year. The intraday drop reached 15%, more than 27,000 people liquidated, and the total loss exceeded $1 billion.

China continues to impose strict controls on cryptocurrencies. The People's Bank of China stated that cryptocurrencies have no legal status and such activities are illegal. Citizens are advised to stay away from virtual currency trading and protect their personal assets.

Experts say that stricter regulations in the future could negatively affect Bitcoin's liquidity and market acceptance. 🚨

According to information from PANews today, HODL15Capital data draws an interesting picture:

- Addresses with 100+ BTC added 5021 BTC today, a total increase of 245,453 BTC since the beginning of the year! 🚀
- Addresses with 0.001-1 BTC decreased 3620 BTC today, a total decrease of 6838 BTC since the beginning of the year.
- Addresses with 1-10 BTC decreased 1223 BTC today, a decrease of 22639 BTC since the beginning of the year.
- Addresses with 10-100 BTC added 292 BTC today, but a decrease of 60706 BTC since the beginning of the year.

While big whales are buying in the market, small investors seem to be selling. 🤔

There were some interesting developments in the NFT market last week! 🎢 NFT transaction volume decreased by 11.66% to $81.7 million. However, the number of buyers increased by 172.98% and the number of sellers increased by 120.51%! The best-selling NFT series Dmarket is at the top with $5 million, although its sales decreased by 31%. Sorare is in second place with $3.6 million, up 8.88%! 📉💼

**WBTC Confidence Crisis! 🚨**

- WBTC, a major player in the DeFi world, has been experiencing a confidence crisis in recent days.
- BitGo plans to move WBTC's BTC management address to a joint venture with Hong Kong-based BiT Global. 🤔
- Behind BiT Global is the controversial name Justin Sun.
- After this news, Crypto.com and Galaxy withdrew $27 million worth of BTC.
- The market is worried about the future of WBTC.

US elections shake crypto market! 🇺🇸🔄

- BTC fell from 62K to 56K as Harris's candidacy chances increased. 📉
- Harris does not take a clear stance on crypto, which makes investors nervous.
- Trump supports BTC, which causes market volatility.
- If Harris' anti-crypto policies continue, the market may struggle even more.

Crypto investors should be careful! 🚨

Germany’s BSI has advised crypto users to use hardware wallets to protect their digital assets. It said that hardware wallets are the most secure method by storing private keys offline. The BSI highlighted that exchange-based wallets and mobile wallets have serious security vulnerabilities. You can create secure backups with hardware wallets. 💼🔐#Crypto#Security

The Dogs project has announced the claiming of DOGS tokens via Telegram wallet and CEX! 🐶 Although users will not receive the tokens immediately, they will be credited to their accounts by August 20.

DOGS token economy announced: Total supply 5500 billion, 81.5% will be given to the community, 73% to Telegram OG users, and the rest will be given as rewards to traders and content creators. 💰

10% allocated for team and development, 8.5% for liquidity and listing. 📉

Dubai Court Rules Cryptocurrency! 🚀

- Dubai First Instance Court approves salary payment in cryptocurrency.
- This decision in 2024 shows a big change compared to the rejection decision in 2023.
- An employee filed a lawsuit for 5,250 ecowatt tokens.
- The court emphasized that cryptocurrency is a legal form of payment.

A new era begins in UAE regarding cryptocurrencies! 🌐

Exodus Movement has released its first quarter report since listing on the NYSE American exchange. Revenue increased by 80% to $22.3 million, but costs also increased, and the company lost $10 million. Active users increased from 1.2 million to 1.5 million. Exodus’ assets are concentrated in digital currencies: $70.7 million in cash and $195.5 million in digital assets. 📉💸

Franklin Templeton is planning to launch a new crypto ETF! 🎉 According to the filing, the ETF will track the CF Digital Asset Index, which includes Bitcoin and Ethereum. It may also include other crypto types in the future. 📉 What does this move mean for investors as the crypto market continues to be volatile? 🤔#Crypto#ETF #MarketAnalysis

Coinbase CEO Brian Armstrong responded to Elon Musk’s comments on Twitter. Armstrong stated that government overspending and money printing are the main causes of inflation. He emphasized that Bitcoin is a counterbalance to excessive inflation and that buying Bitcoin is a vote against inflation. 📉💸#Bitcoin#Inflation

The Central Bank of Ghana is working on new regulations for digital assets! 📉 Due to the increasing interest in crypto for three years, strict rules are coming for banks and exchanges. Suspicious transactions will be monitored and reported. FATF rules are also in effect. All industry stakeholders will be consulted until August 31. The crypto world is changing in Ghana, stay tuned! 🚨

SaharaLabsAI has raised a massive $43 million investment in the AI+Crypto space! 💸 With the support of Binance Labs, Polychain, and Pantera, the combination of AI and Crypto holds great promise. However, the dominance of large companies in this space can make it difficult for small startups to innovate. 😕 Can Sahara’s combination of AI and blockchain increase the potential in the industry? We’ll wait and see! 🚀

Bitcoin mining companies are turning to debt to boost cash flow. In the second quarter of 2024, 9 out of 13 US companies raised $12.5 billion through stock issuance. Iris Energy raised $4.58 billion last quarter. Bitcoin price is falling and miners’ profit margins are shrinking. Core Scientific strikes 12-year deal with AI cloud provider CoreWeave. 💸📉

Russia is making big moves in the crypto world! 🇷🇺💥 Finance Minister Anton Siluanov and the Central Bank are discussing plans to create a "Russian Crypto Exchange". However, no common solution has yet been found. 🏦 The law could be submitted to the Duma in the fall. Existing exchanges operate in a gray area. Crypto regulations are advancing rapidly, but be careful! 📉

HashKey HSK and Bitlayer form a strategic partnership! 🚀

- They start with the HSK token airdrop event.
- They will collaborate on community incentives and public chain projects in the future.
- HSK will be released in 2024 and will be widely used in the HashKey ecosystem.
- Bitlayer offers security and scalability on Bitcoin Layer 2.

Stay up to date with the latest developments in the crypto world! 🌐