✅ 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 😬

Weekly news digest:

🔸 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

🔸 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

🔸 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

🔸 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

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