The US Federal Reserve fixed interest rates at 5.5% without change, as all investors and financial institutions expected.
Federal Reserve officials decided on Wednesday to keep short-term interest rates steady, but noted that inflation is nearing the target, which could open the door to future interest rate cuts.
Central bankers have given no clear signals that a rate cut is imminent, opting to maintain language referring to ongoing concerns about economic conditions, while progressing. They also stressed the need to achieve further progress before interest rates could be lowered.
#bitcoin

The price of Bitcoin fell strongly on Tuesday, losing the large profits it achieved in weekend trading, and the most likely explanation for this turnaround was the publication of reports that the US government had mobilized $2 billion worth of cryptocurrencies after the rebound created by positive comments regarding regulations from... Donald Trump.
The movements of the portfolios of major countries such as the United States or Germany always lead to a decline in the market out of fear, with violent sales that bring down the price.
The world's largest cryptocurrency rose to $70,000 on Monday after US Republican presidential candidate Trump promised friendlier regulations when speaking at a Bitcoin conference over the weekend.#BTC $BTC

Binance has unveiled the first project on its airdrop portal – the Banana Gun (BANANA) token. The initiative aims to provide more trading opportunities for Binance users with the inclusion of the small digital currency on the platform.
Starting from June 23, 2024, at 03:00 AM, Riyadh time, to July 5, 2024, at 02:59 AM, Riyadh time, Binance customers who subscribe to Simple Earn products using their BNB tokens will be able to qualify for a Banana token airdrop. .
Furthermore, Binance plans to list the Banana coin on July 20, 2024, at 12:00 PM KSA time. The digital currency will be available for trading in several pairs: BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD, and BANANA/TRY.
Binance's HODLer Airdrops program also plays a crucial role in this development. This program rewards BNB token holders with token distributions based on historical snapshots of their account balances. Unlike traditional airdrop methods that require ongoing participation, HODLer Airdrops provides retroactive rewards, simplifying the process for users.
Following the Binance announcement, the value of the Banana coin rose by more than 26% in the past 24 hours. Currently, it is trading at $72.85, with a market cap of $174.8 million. Since the beginning of the year, the price of Banan has increased by more than 550%.
#banana $BNB

The price of the Solana currency (Solana-SOL) witnessed a noticeable increase by 2.2% during the last 24 hours amid increases that included the majority of the sector’s assets, and one analyst had expected it to go through a new wave of increases that would push it to reach unprecedented high levels, with an expected doubling of its value by 450%. These expectations come as the value of the Solana coin continues its rise after growing by 10.43% compared to yesterday, Tuesday, in line with the wave of rises that included other prominent alternative currencies.
It is noteworthy that Solana's gains came to compensate for its losses during recent weeks, with the percentage of its monthly gains now reaching 7.75%, amid a renewed atmosphere of optimism and the return of traders' keen interest in this currency. This is not evidenced by the increase in its trading volumes during the last 24 hours by more than 38.17% to reach $2.79 billion. .
$SOL

The cryptocurrency market is experiencing a downtrend, and in the midst of this decline, US Bitcoin exchange-traded funds (ETFs) have seen a significant net inflow. While the German government is going through a strong sell-off throughout this week, US Bitcoin ETFs have seen a significant buildup.
According to SoSoValue data, Bitcoin ETFs recorded a net inflow of $310.21 million on July 12, the highest inflow since the first week of June. In the last 24 hours, the BlackRock IBIT fund had the most daily net inflow at $120 million. The total current net inflow of IBIT was $18.26 billion. However, the GBTC fund saw a daily net inflow of $23.01 million, while GBTC's historical net inflow totaled $18.64 billion.
Performance of Other ETFs Meanwhile, the Fidelity FBTC fund recorded a daily net flow of $115 million, and the current total net flow of FBTC is $9.72 billion. The Ark Invest and 21 Shares ARKB funds saw inflows of $13.02 million, with a current total net inflow of $2.5 billion. Bitwise Bitcoin ETF had inflows of $28.42 million, while VanEck Bitcoin Trust ETF and Invesco (NYSE:IVZ) Galaxy Bitcoin ETF followed with inflows of $6.$56 million and $4.03 million, respectively.
$BTC

A massive theft of billions of dollars in cryptocurrencies in record time

A recent report issued by blockchain research company TRM Labs revealed that hackers doubled their loot from cryptocurrencies in the first half of 2024 compared to last year.
The report stated that $1.38 billion worth of cryptocurrencies were stolen between January 1 and June 24, more than double the amount of $657 million stolen in the same period last year. As with last year, a cluster of high-profile attacks has led to an increase in stolen cryptocurrencies, with the five largest hacks accounting for 70% of the amount stolen in the first half of this year.
The largest hack so far this year has taken over $300 million worth of Bitcoin from Japanese cryptocurrency exchange DMM Bitcoin.
Hackers use stolen private keys or address poisoning - where attackers send a small amount of cryptocurrency from a wallet with a similar address that is designed to mimic yours or the recipient's address, with the aim of tricking the victim into sending funds to the wrong wallet.
Cryptographic addresses are long, complex strings of characters that are difficult to memorize or enter manually without making mistakes.
Great from year to year.
$BTC $BNB

The price of the popular meme coin PEPE was in a recovery phase on Sunday of this week, but these bullish moves turned bearish a few hours later.
While investors in the cryptocurrency suffered significant losses, but this did not prevent those with large portfolios from continuing to buy.
Pepe's price saw a slight rise of 9% during Sunday's trading, before losing 11% of its value over the past 24 hours, surprising the market. Sunday's highs caused short and large liquidations over the past few hours.
According to Coinglass data, Pepe recorded a short liquidation of $17 million in one day, the largest liquidation in the coin's history, indicating that bears were anticipating a further decline in Pepe's price over the weekend.
However, for other investors, including whales, this was positive news. As the headlines containing the largest quantities of Pepe continued their purchases.
$PEPE

Spot Bitcoin ETF flows rose sharply following the Fourth of July holiday, offsetting declines seen earlier in the week. This rebound coincides with Bitcoin's price falling below $54,000 on Independence Day.
Opportunity to Buy the Dip Bitcoin ETFs saw significant inflows despite panic selling in the market, showing that strong hands and big players were exploiting the dips. Although the Grayscale Bitcoin ETF (GBTC) recorded outflows of $28 million, other funds made up for this with strong inflows$BTC

🏧 There are now 38,000 Bitcoin ATMs worldwide, and the number is approaching a new all-time high!
$BTC

⛏️ Bitcoin miner selling reached levels similar to December 2022: a 7.6% decline.
🎯 December 2022 saw the bottom of the cycle after the FTX collapse.
$BTC

📊 افضل مشاريع العملات الرقمية من ناحية درجة اللامركزية بعد البيتكوين:
1⃣ $ETH
2⃣ $SOL
3⃣ $AVAX
4⃣ $APT
5⃣ $ADA
6⃣ $NEAR
7⃣ $ATOM
8⃣ $XRP

The price of Solana-SOL rose by 7% within an hour to $148 after major investment firm VanEck submitted an application to launch a Solana spot exchange-traded fund (spot SOL ETF).
VanEck's order follows the launch of its spot BTC ETF last January, as well as its recent order for a similar Ethereum ETF, which may launch within the next few weeks.
News of its plans to launch a Solana exchange-traded fund (SOL ETF) has pushed the price of the altcoin higher, with its price currently rising by 8% in 24 hours, and 7% in a week.
Although Solana's price is still down 13% on its one-month change, the spread of VanEck news could push its price higher, and the launch of an exchange-traded fund (ETF) could eventually help it reach all-time highs. Later this year.
$SOL

It seems that South Korean university students are turning to investing in digital currencies such as Bitcoin (BTC), as 40% of them spoke about their participation in investing in digital currencies in addition to the shares of foreign companies. According to the Delighti website, Korea Investment and Securities, which specializes in providing banking and brokerage services, conducted a survey in which researchers spoke to 400 South Korean university students between June 11 and 22.
The researchers found that 72% of participants declared their investment in foreign stocks, and most of them claimed to buy shares of companies listed on the New York Stock Exchange. 89% of this category also expressed their desire to expand the assets of their investment portfolio allocated to stocks traded on the New York Stock Exchange soon, and a number of those who did not They invest in it after wanting to buy shares of American companies, as 87% of them chose to say: “I plan to do this within the next 12 months.”
$BTC

🇺🇸 US Congressman Matt Gaetz has introduced a bill to allow federal income tax to be paid using Bitcoin
$BTC

Mt. Gox will start paying creditors starting next July, in an event that has been awaited for many years.
Those responsible for the Mt. Gox previously offered creditors three options to collect their assets:
- Obtaining 90% of their estimated assets, now
- Wait 3-5 years to obtain the full assets
- Obtaining their assets in cash without any deductions, provided they wait for a currently unknown time.
Galaxy Research estimates that 75% of creditors have voted to get a portion of Bitcoin now.
The number of Bitcoins recovered is 141,868 Bitcoins.
The investment fund MtGox Investment Funds and the former trading platform Bitcoinica are the largest creditors in the Mt. Gox with a share estimated at 21% of the value supposed to be returned to creditors. Both parties will receive their share in Bitcoin (90%).
This is an important point that reduces selling pressure, as MtGox Investment Funds announced that it will sell OTC currencies if it decides to sell.
In my opinion, the impact of the Mt.Gox news is more psychological than the impact of the sales operations, especially since the distribution operations will take some time. Yes, it may affect the price of Bitcoin if the (small) creditors decide to sell, but the biggest problem lies in the traders themselves currently.
$BTC
$ETH

MicroStrategy (MSTR) has expanded its Bitcoin portfolio by acquiring an additional 11,931 coins for $786 million, at an average cost of $65,883 per Bitcoin, the company's official filing with the Securities and Exchange Commission (SEC) revealed on Thursday.
Michael Saylor, founder and CEO of MicroStrategy, stated that the company invested approximately $8.33 billion to acquire a total of 226,331 BTC, at an average purchase price of $36,798 per BTC.
The company had previously announced its plan to raise $500 million to purchase Bitcoin through the offering of convertible senior notes with a maturity date of 2032.
Shortly after, MicroStrategy increased its fundraising goal by 40% to $700 million, explaining that the capital would be used to purchase additional Bitcoin and to cover various company-wide needs.
MSTR shares rose more than 2% in Thursday's pre-market trading session
$BTC