"🚨Coinbase Takes Legal Action Against SEC and FDIC

The cryptocurrency exchange is suing the regulatory bodies for allegedly trying to stifle the growth of the digital asset market and marginalize its participation in the banking system.

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"🔥Cryptocurrency Market Update (June 27)

- A dormant Bitcoin miner from 2008 has surprisingly resumed activity, transferring 50 BTC to Binance.

- Reuters reports that Ethereum ETF trading may commence on July 4th, but this news has had a minimal impact on ETH's price.

- Bitcoin ETF has seen a modest increase of $21 million for the second consecutive day, but the market price remains below $61,000.

- Turkey has introduced stringent crypto regulations, granting the state control over transactions and imposing hefty fines (up to $182,600) and imprisonment (3-5 years) for unlicensed operations. Crypto fraud carries a severe penalty of 14-22 years in prison.

- Marathon, a mining company, has announced its entry into Kaspa mining.

- Top performers in the last 24 hours include Kaspa (up 6.85%),
Maker (up 6.82%), and
Injective (up 3.32%)."

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📣ℹ️ Today's #Crypto Space Recap:

1. Bitcoin Spot ETFs saw a significant turnaround, posting a net inflow of $31 million on June 25 after seven consecutive days of outflows.

2. The German government transferred a substantial 250 BTC to prominent exchanges Bitstamp and Kraken.

3. Ethereum co-founder Vitalik Buterin unveiled Rarimo, a cutting-edge zero-knowledge technology company.

4. Asset management firm VanEck announced a temporary fee waiver for its Ethereum ETF until 2025.

5. InvestCorp launched a innovative fund focused on tokenizing real-world assets.

6. Binance received the coveted Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA), expanding its regulatory compliance."

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Market Highlights*

- Bitcoin ETFs see small inflow of $31 million after 7 days of sell-offs
- WIF whale buys additional $4.65 million worth of Dogecoin, bringing total holdings to $49.6 million
- Hackers compromise Metallica's Twitter account to promote fake METAL token, which subsequently crashes
- Nubank, a Brazilian neobank backed by Berkshire Hathaway, to offer Lightning Network payments to its 100 million customers.

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Crypto New 26th June

Traders are bullish on Bitcoin as its daily RSI enters the oversold zone, a trend that has historically led to significant price increases (60%, 63%, and 196% in previous instances). To realize this potential, Bitcoin needs to consolidate above $62,000 and then $64,000

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#Cryptonwews of the day
Germany transfers 400 BTC to Coinbase and Kraken.

- 54% of Japanese institutional investors plan crypto investment in next 3 years (Nomura Securities survey).

- Usiacurí, Colombia becomes first municipality to adopt crypto for legal transactions.

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