Bitcoin, which dominates the crypto market by 54%, maintains its negative outlook by seeing closures below $ 65,000 for the last 3 days.

The latest developments regarding Bitcoin cause the anxiety in the market to continue. Cryptocurrency, which has been in a downward trend since the first days of June, continues with a loss of nearly 5% in value on a monthly basis. Finally, the news that the German government started selling Bitcoins seized during operations against illegal activities worried the market. Continuing outflows from the Bitcoin ETF market also continue to pressure the BTC price.

German government sold Bitcoin

A new development that spread rapidly in the market was that the German government started to sell large amounts of Bitcoins that it had previously seized from a movie piracy website. While the government is reported to have sold around $195 million worth of Bitcoin in the last 24 hours, Germany's holding of approximately $3 billion worth of BTC emerges as a situation that increases anxiety.

While the news about the German government's sale was negative, MicroStrategy's announcement yesterday that it bought $786 million worth of Bitcoin did not have a positive impact on pricing.

$140 million outflow recorded from Bitcoin ETFs

Bitcoin started yesterday on a positive note, rising to $66,400 by US trading hours. However, after operations started in the USA, sales accelerated.

As a result, BTC closed the day at $ 64,500 and started the last trading day of the week in minus. On the other hand, according to SoSoValue data on the crypto ETF market, there was a total net outflow of nearly $139.88 million from US spot Bitcoin ETFs yesterday. Thus, spot Bitcoin ETF outflows in the USA reached the 5th consecutive day.
-Investing.com
#Binance #Bitcoin #geleceğihatırla

#Bitcoin spot ETFs in the USA closed yesterday's trading day $140 million in minus. While Grayscale received 53 million dollars and Fidelity received 51 million dollars, BlackRock received only 1 million dollars of net investment.

A total of $854 million came out of ETFs in the last 5 trading days.
Uzmancoin
#Binance #Bitcoin #

Banks and stock exchanges are closed.
Guess what's open?
24/7

#geleceğihatırla

A whale purchased 6570 #Bitcoin  worth over $430 million in the last 24 hours.

While you are panic selling, whales are constantly buying at the bottom while they can still buy.
-Lark Davis
#geleceğihatırla #Bitcoin #Binance #SEC #web3 $BTC $BNB

It's growing faster than the internet.
#geleceğihatırla #Bitcoin $BTC

The World's Trillion Dollar Companies

US presidential candidate Donald Trump reiterated his support for crypto:

"I will end Joe Biden's war on crypto. We will ensure that the future of crypto and Bitcoin is built in America, otherwise we will lose this opportunity to other countries."
-Uzmancoin

Argentinian President Javier Milei: There will be free competition between currencies in Argentina. So, if you want to use #Bitcoin, you will be able to.
-Uzmancoin
#Binance #Bitcoin #geleceğihatırla

Ether spot ETF responses will be delivered to SEC this week: “We are now awaiting approval”
It seems that Ether spot ETFs have now reached the final turning point. Companies must submit their final responses to requests from the SEC by the close of business Friday. Sources, on the other hand, state that the SEC's requests regarding the files are "reasonable and light" and that they expect approval in a short time.
While ETF analysts expect Ether spot ETFs to be opened for trading as of the beginning of July, the US media continues to make news confirming this situation. Speaking to The Block, an executive of one of the ETF issuer companies stated that they had to respond to the requests submitted by the SEC last week regarding the S-1 filings by the close of day this Friday.
“We are now waiting for approval”
As it is known, the SEC approved the documents, also known as the 19b-4 file, in May. However, in order for ETFs to be opened for transactions, S-1 documents must also be approved and there is no clear date for this. Speaking to The Block, an executive of one of the ETF issuer companies stated that the SEC's demands were not challenging, but mild and reasonable:
“The final demands and comments were not compelling. It was reasonable and acceptable. “We are expecting approval in a short time.”
The second source mentioned in the news said, “There will be quick returns to the SEC this week. "In the end, we will see how quickly the process will continue or not," he said.
Eric Balchunas, a Bloomberg ETF analyst, stated that he expects ETFs to be accepted as of July 2, but also stated that this may be delayed slightly earlier or later.
ETF issuers submitted their first updates to their S-1 filings in the week ending May 31.
Experts state that they expect interest in Ether spot ETFs to be 1/5th of Bitcoin funds, and that they think that the absence of "staking" activity here will reduce the interest.
-Hakan Ateşler

BREAKING NEWS: SEC ENDED ETHEREUM INVESTIGATION

Consensys, one of the important developers of the Ethereum ecosystem, announced that the US Securities and Exchange Commission (SEC) completed its investigation into Ethereum without charging any fee.

This development is a significant relief for Ethereum developers and the cryptocurrency industry as a whole.

The closure of the investigation follows the recent approval of Ethereum spot ETFs by the SEC, solidifying Ethereum's classification as a commodity rather than a security.

Consensys actively opposed the SEC's review and highlighted the classification in a letter to the SEC last month.

While the SEC's notice contained boilerplate language that the shutdown would not absolve the parties involved of all wrongdoing, the decision is perceived as a win for Ethereum and the broader crypto community seeking regulatory clarity.

-Decrypt
#Binance #Ethereum✅ #geleceğihatırla

Ethereum also survived the SEC threat: “This is a victory” statement

The US Securities and Exchange Commission (SEC) will not sue Consensys about Ether. Consensys, the company behind the Metamask wallet, said in a statement: "In the information provided to us by the SEC, it was stated that the institution has closed its investigation regarding Ethereum 2.0. A lawsuit will not be filed on this issue."

Consensys, the company behind Metamask, one of the largest cryptocurrency wallets, announced that Ethereum and themselves have overcome the SEC threat.

“SEC will not sue us”

In the statement made by Consensys at night, it was stated that the decision taken by the SEC was a great victory for Ethereum developers and the following statements were used:

“We are pleased to report today that we have achieved a significant victory on behalf of Ethereum developers, technology providers, and industry participants. The SEC's sanctions department stated in the notification sent to us that it had closed its investigation regarding Ethereum 2.0. “This shows that the SEC will not sue us on the grounds that ETH transactions are involved in the sale of securities.”

“It is not enough to heal all wounds”

The company also stated that it sent a letter to the SEC on June 7 asking whether the adoption of ETH ETFs makes Ether a commodity and, as a result, the investigation should be closed:

“In our letter to the SEC on June 7, we talked about the approval of ETH ETFs and asked whether this made Ether a commodity and, if so, whether this meant closing the investigation. “While the conclusion of this investigation is a positive development, it will not be enough to heal all the wounds of the blockchain world, which has suffered due to the SEC's unlawful and aggressive anti-crypto actions.”#geleceğihatırla
$BTC $ETH $BNB

Some declines are buying opportunities.

The cryptocurrency market started the day with a red picture again. Bitcoin price increased last night and exceeded $ 67,000. However, crypto followers woke up to a surprise this morning.

Bitcoin price dropped more than 2.5% in the last 12 hours, falling to $64,500 at its bottom. At the time of writing this article, it is trading at $65,652.

The reason for the decline is the hawkish speech made by FED President Jerome Powell after the FED kept interest rates constant last week, and in addition to the publication of the dot plot chart predicting an interest rate cut of only 25 basis points in 2024. In addition, FED member Harker said in his statement yesterday that he foresees only one interest rate cut this year. Harker said that he saw no interest rate cut this year as one of the possible scenarios.

When we look at the liquidation side, we see that an incredible $245 million position has been liquidated in the last 12 hours. 225 million dollars of these were in long positions.

Among the cryptocurrencies that were liquidated the most in the last 12 hours, Ethereum took the lead with $49 million, followed by Bitcoin with $37 million.
-Bitcoinsistemi.com
#Binance #Bitcoin #geleceğihatırla
$BTC $ETH $BNB

Update: Deposits may be delayed due to issues with our $ZK node.

Our technical team is fixing the issue urgently and it will be resolved before the process starts. Deposits will be transferred once the block height is reached.
-Binance
#Binance #BNB

The dollar strengthened while the euro fell due to concerns about the political outlook in Europe

The yuan hovered near its lowest level in recent months after China released a series of economic data that pointed to an uneven recovery in the world's second-largest economy.

The euro was almost flat at $1.0701, recovering slightly after falling to $1.06678 on Friday, its lowest level since May 1. The currency also recorded its biggest weekly decline since April, falling 0.88 percent last week.

Investors are considering the risk of a budget crisis in the heart of the euro zone as far-right and left-wing parties gain momentum ahead of surprise parliamentary elections in France and put pressure on President Emmanuel Macron's centrist administration.

The dollar index, which measures the greenback against a basket of similar currencies, was little changed at 105.52 after reaching its highest level since May 2 at 105.80 on Friday.

Minneapolis Federal Reserve President Neel Kashkari said on Sunday that it was a "reasonable guess" that the US central bank would cut interest rates once this year and wait until December to do so.
-Hibia
#Binance #BNB #Bitcoin #geleceğihatırla