✅ 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%)
