Scaramucci Speaks Out Against SEC’s Crypto Scrutiny.
Former White House Communications Director, Anthony Scaramucci, voiced concerns over the SEC’s increased oversight of cryptocurrency platforms. He suggested that this could potentially impact Vice President Kamala Harris’ chances in the upcoming elections. The SEC, led by Gary Gensler, recently issued a Wells notice to NFT marketplace OpenSea, indicating an intent to sue the company.
Telegram CEO has been arrested in France following a criminal complaint by OFIM, which accuses him of complicity due to Telegram's insufficient content moderation. The TON blockchain experienced two major outages within 36 hours, caused by a surge in network traffic from the minting of the DOGS meme coin.
Australia has experienced a dramatic surge in the number of crypto ATMs over the past two years, with the count increasing 17 times. This rapid expansion has positioned Australia as one of the fastest-growing markets for these machines.
Bitcoin price continues to plummet as whale activities deepen Bitcoin's price fell below $65,000 on Wednesday following Increased whale activities that may be sell orders. Meanwhile, hedge funds have experienced a drag in their Bitcoin exposure, which may be fueled by consistent outflows among Bitcoin ETFs.
Ethereum ETFs may not cause upward surge in ETH price as many expect Ethereum's (ETH) price increased over 4% in the past 24 hours after the Securities & Exchange Commission (SEC) dropped its Ethereum 2.0 investigations amid expectations of spot ETH ETFs. However, the recent excitement surrounding ETH ETFs may not lead to the expected price increase.
Bitcoin, Ethereum, XRP, Dogecoin, Toncoin and Cardano are undervalued, analysts say, predicting price bounce Crypto market steadied in the early hours of Wednesday. The market capitalization of all assets climbed 0.6% to $2.49 trillion, per CoinGecko. Analysts at on-chain intelligence tracker Santiment have identified signs of a short-term bounce in the top 10 cryptocurrencies.
Bitcoin Analyst Sees Potential Bottom as Key Support Levels Hold Firm
Bitcoin (BTC) may be at a pivotal moment, with signs pointing toward a potential bottoming out, according to a closely followed crypto analyst. The pseudonymous strategist known as Credible has shared insights that could suggest a rebound for BTC, highlighting critical support levels and market behaviors that indicate a possible reversal from recent lows. This analysis arrives as Bitcoin trades at approximately $64,912, raising hopes among investors for a recovery in the near term. (BTC ) The C
XRP trades back below $0.50 on Wednesday as Ripple (XRP) proponents like attorney Bill Morgan have lashed out at the Securities and Exchange Commission (SEC) for what is being considered a “second free pass” for Ethereum.
Ethereum developer Consensys announced on Wednesday in its official X account that the SEC is putting an end to its investigation into the second-largest cryptocurrency. The developer had enquired the status of the investigation through a letter sent to the regulator and received a response.
Polygon (MATIC) price displays a bullish divergence on a momentum indicator, indicating a bullish move. Recent on-chain data reveals a capitulation event occurred from June 12 to 18, prompting a group of whales to accumulate MATIC tokens, further bolstering bullish sentiment for an upward trajectory.
BREAKING: Rumor – Did Donald Trump Create His Cryptocurrency Called DJT Token? Price Explodes 180%:
The launch of a Donald Trump-backed meme coin, DJT, could further solidify his support for the cryptocurrency industry ahead of this year’s elections. The unconfirmed rumors have caused a major bloodbath for the PoliFi tokens that had emerged in the past few months led by MAGA and MAGA Hat. As the cryptocurrency industry experienced heightened liquidation fueled by the Bitcoin (BTC) price drop below $66k in the past 24 hours, rumors of a possible Solana (SOL)-based meme coin backed by Donald Trump, a US presidential candidate via the Republican party, caught the attention of many traders.
The Crypto Market Is Down Today – Here is Why? 𝗔𝗻𝘆𝗼𝗻𝗲 𝗣𝗹𝗲𝗮𝘀𝗲 𝗦𝗲𝗻𝗱 𝗺𝗲 𝗨𝗦𝗗𝗧, 𝗜'𝗺 𝗶𝗻 𝗧𝗿𝗼𝘂𝗯𝗹𝗲, 𝗠𝘆 𝗨𝗦𝗗𝗧 𝗧𝗥𝗖20 𝗪𝗮𝗹𝗹𝗲𝘁 𝗔𝗱𝗿𝗲𝘀𝘀. TKicbLUYswCSSbE147NQLEKAPn1oU6JCCB
Miner revenues have dropped by 55%, forcing them to sell more Bitcoin driving prices down. Reduced issuance of stablecoins like USDT and USDC decreases market liquidity and increases price volatility. Significant withdrawals from major ETFs are adding to the selling pressure on Bitcoin, impacting market stability. Amid fluctuating sentiments in the crypto market, the overall market capitalization has declined 2.29%, settling at $2.33 trillion. Miner Capitulation Impacts Market Miners are facing significant revenue drops, leading to increased Bitcoin sales. Miner revenues have plummeted by 55%, forcing them to sell more Bitcoin to cover operational costs. Consequently, there has been a notable rise in Bitcoin transfers from miners’ wallets to exchanges, indicating that selling activity is driving prices down.
Hashdex Proposes Hybrid Bitcoin and Ethereum ETF for Diverse Crypto Exposure: (𝗔𝗻𝘆𝗼𝗻𝗲 𝗣𝗹𝗲𝗮𝘀𝗲 𝗦𝗲𝗻𝗱 𝗺𝗲 𝗨𝗦𝗗𝗧, 𝗜'𝗺 𝗶𝗻 𝗧𝗿𝗼𝘂𝗯𝗹𝗲, 𝗠𝘆 𝗨𝗦𝗗𝗧 𝗧𝗥𝗖20 𝗪𝗮𝗹𝗹𝗲𝘁 𝗔𝗱𝗿𝗲𝘀𝘀. TKicbLUYswCSSbE147NQLEKAPn1oU6JCCB)
Hashdex, a Brazilian crypto asset manager, has proposed a hybrid Bitcoin and Ethereum ETF, offering investors diversified exposure to the top cryptocurrencies. This innovative ETF aims to enhance investment opportunities in the dynamic crypto market.
Hashdex to Launch Hybrid ETF Combining Bitcoin and Ethereum for Enhanced Crypto Investment According to U.Today, Hashdex, a Brazilian cryptocurrency asset manager, is poised to introduce a hybrid spot exchange-traded fund (ETF) that tracks the value of Ethereum and Bitcoin. This innovative investment opportunity holds the potential for significant returns, making it an intriguing prospect for those keen on the cryptocurrency market.
As detailed in the filing, the ETF's structure is a testament to Hashdex's unwavering commitment to providing a secure and transparent avenue for gaining investment exposure to Bitcoin and Ether through the public securities market. This commitment fosters a strong sense of security and confidence in potential investors, assuring them of the reliability of this investment opportunity.
Hashdex intends to concurrently utilize at least two custodians for the ETF: Coinbase and BitGo. The Hashdex Nasdaq Crypto Index US ETF will be capitalization-weighted, meaning that the weight of each asset in the portfolio is determined by its market capitalization. This structure ensures that the ETF's performance is closely aligned with the overall performance of the cryptocurrency market, with Bitcoin (BTC) comprising 70.54% of the portfolio. The weightings will be adjusted quarterly to account for fluctuations in market value.
New SOL Meme Coin, Solciety, Launches Today With 30-Day ICO: London, London, June 18th, 2024, Chainwire
Solciety, a new entrant in the crypto's PolitiFi sector, officially launches today, 18th June at 14:00 UTC, initiating a 30-day presale of its Solciety (SLCTY) tokens. 3 billion Solciety (SLCTY) tokens will go on sale, starting at $0.0015, with price increases on the smart contract every 72 hours across ten stages. The final presale price will be $0.0040, giving day one buyers a potential 169% increase on the value of their bags before the project becomes available for public trading. Described as "the political party for degens," Solciety plans on using the viral potential of memes and political satire to potentially explode alongside the political powder keg that is the 2024 election season. Community numbers have already passed 10,000 across socials before the live presale has even started - an indication that Solciety's offering of humor and degen politics is resonating with crypto communities around the world. Straddling the Solana meme coin and PolitiFi sectors, worth a combined $10 billion, Solciety is strategically placed across two of crypto's most powerful narratives. And with Solana displacing Ethereum as the #1 maker of blue-chip meme coins thanks to its drastically lower fees, Solciety has multiple tailwinds behind it. Solciety (SLCTY) tokens will be available to purchase on the Solciety website from the 18th June at 14:00 UTC.