📉 Bitcoin's been a bit of a downer in June, ending Q2 with a nearly 18% drop. But don't pack up your digital wallets just yet! Crypto analysts are seeing signs of a potential breakout. 🚀

How so? Well, it's all about the Wyckoff pattern, a classic technical analysis setup. According to Onchain Edge, a contributor at CryptoQuant, Bitcoin's decreasing exchange reserves suggest we're in the reaccumulation phase, a prelude to a potential markup phase (aka price increase).

Meanwhile, Rekt Capital suggests Bitcoin's June downtrend might be over, hinting at a bull flag formation on the daily chart. If that's true, we could see Bitcoin charging towards the $90,000 mark in the coming months.

But hold your horses! There could be a few bumps on the road. A German government-labeled wallet recently moved a hefty amount of Bitcoin, which could mean more selling pressure. Plus, the Mt. Gox creditor repayments expected in early July could see many investors cashing out after a decade of untouched profits.

So, keep your eyes peeled, crypto enthusiasts! The Bitcoin rollercoaster ride is far from over. 🎢

🌴 Aloha, crypto traders! Robinhood is now available in Hawaii, Puerto Rico, and the U.S. Virgin Islands, thanks to a regulatory shift by Hawaii's DCCA. No more need for a money transmitter license to operate crypto services in the Aloha State!

But wait, there's more! Robinhood is also eyeing Bitstamp's regulatory licenses to offer crypto futures trading to U.S. and European customers. This move comes after Robinhood's $200 million agreement to acquire Bitstamp, expected to close in 2025.

While Robinhood's commission-free trading and user-friendly interface are popular, it's still shadowed by the 2021 meme stock controversy. But hey, who can resist the allure of crypto futures? Stay tuned for more updates!

🚀 Bitcoin ETFs are the new hot cake! Over half of the top 25 U.S. hedge funds have taken a bite, with Millennium Management leading the pack with a whopping $1.69 billion BTC ETF investment. Even corporate giants like Reddit, JPMorgan, and Wells Fargo are stashing away a portion of their record-high cash reserves into Bitcoin. Why, you ask? Well, BTC has been outshining major stocks, with a 94% return in H1 2024, leaving Apple and Tesla in the dust. So, if you're still on the fence about Bitcoin, remember: the trend is your friend until the end! 💰

🚀 Bitcoin could potentially skyrocket to a whopping $500,000, even if only a few low-probability events occur, says Apollo CEO Thomas Fahrer. Fahrer's predictions include Bitcoin overtaking gold's market cap and the US dollar being backed by Bitcoin. While these are ambitious forecasts, Fahrer believes they're achievable in the next few years. Meanwhile, his Twitter following has grown steadily, especially after the launch of Bitcoin ETFs in the US. Despite being a Bitcoin enthusiast, Fahrer doesn't shy away from highlighting the tough times, including massive sell-offs. Buckle up, folks! The Bitcoin rollercoaster ride continues! 🎢

🕵️‍♂️ A mysterious Bitcoin wallet, tagged as "German Government (BKA)", has been caught red-handed moving a whopping $52 million worth of Bitcoin! The wallet, which holds over 43,850 BTC (worth over $2.75 billion), has been making some suspicious transactions, including sending 832.7 BTC to various exchanges and an unknown wallet. This has led to whispers that the German government might be selling its Bitcoin stash. If true, this could add some serious selling pressure to the Bitcoin market. But hey, who doesn't love a good mystery? 🕵️‍♂️

🚫Ban on Bitcoin wallets in Denmark? Not so fast! The Danish Financial Supervisory Authority (DFSA) has debunked recent rumors, stating they have no plans to ban self-custodial cryptocurrency wallets. "We're not the party poopers some think we are," says Tobias Thygesen, DFSA’s director for fintech. The confusion arose from an assessment of the Markets in Crypto-Assets (MiCA) Regulation, which doesn't apply to fully decentralized services. So, Danish crypto enthusiasts can continue to be their own banks, with the freedom (and responsibility) of self-custodial wallets. Remember, folks, always double-check before you panic-sell! 💼🚀

📢 Singapore's Monetary Authority (MAS) has just given crypto exchanges a "promotion"! They've moved from a medium-low to medium-high risk level under the country's Terrorism Financing laws. This comes after a report flagged digital payment tokens as high-risk. But don't fret, crypto enthusiasts! This is just Singapore flexing its regulatory muscles, ensuring that its status as a financial hub isn't exploited for nefarious purposes. While some might see it as a speed bump, it's just another day in the crypto world. Remember, in Singapore, Bitcoin and Ether are as legal as a bowl of Laksa! 🍜

🎉Crypto party in the courtroom! Binance.US scores a touchdown as Judge Amy Berman Jackson rules that cryptocurrencies and secondary sales of Binance Coin (BNB) are not securities. The SEC's playbook was tossed out, with the judge stating they failed to prove that BNB buyers were expecting profits. This ruling could be a game-changer for other crypto-related legal battles (Ripple vs SEC, we're looking at you!). The judge emphasized that the focus should be on the circumstances of each token sale, not the cryptos themselves. So, investors, breathe easy! The SEC's claim that 68 cryptos are securities just took a major hit.

🎉 Bitcoin ETFs are having a party, recording a whopping $129.45 million daily inflow, marking their fifth day of inflows in a row! This is the highest inflow since June 7. The BTC price also bounced back to $63,000 after a three-week tussle with the $62,000 resistance. Fidelity's ETF was the life of the party with an inflow of 1,030 BTC ($65 million), followed by Bitwise's 650 BTC ($41 million). Despite June's bearish vibes, July is looking up, historically a bullish month for BTC. With spot Ether ETF approval on the horizon, we might just be in for another crypto rally! 🚀

Binance.US is ready to duke it out with the SEC in court! 🥊 The American branch of the global crypto exchange is prepping for a legal showdown over allegations of securities law violations and unregistered investment products. Binance.US insists it's playing by the rules, maintaining 1:1 reserves for customer assets and robust compliance programs. The firm has criticized the SEC's "regulation by enforcement" approach, hinting at politically motivated overreach. Despite the SEC's claims, Binance.US remains confident, stating the case is "unsupported by the facts or the law." Stay tuned for the next round!

🍃Cardano Foundation is going green! In partnership with the Crypto Carbon Ratings Institute, they've released sustainability indicators for the Cardano network. The aim? To comply with the upcoming Markets in Crypto-Assets (MiCA) regulation in the EU. The report highlights Cardano's energy-efficient consensus protocol and lower electricity consumption compared to proof-of-work protocols. It's not just about saving the planet though, this move is also about building trust with regulators, investors, and users. As the crypto market matures, Cardano is setting a benchmark for sustainable blockchain technology. So, who said crypto can't be eco-friendly? 🌍

🎢 After a wild ride in June, crypto markets might just be ready for a "relief rally," say analysts. The selling pressure seems to be easing off, and there's a sense of optimism in the air. Bitcoin (BTC) took a 7% tumble last month, but it's dusting itself off and currently trading around $62,950. Other cryptos followed suit, with the market cap losing a whopping $400 billion. But fear not, crypto enthusiasts! Analyst Minkyu Woo suggests that investors are now more inclined to hold onto their assets rather than cashing out. So, buckle up, folks! We might be in for a smoother ride this month. 🚀

🚀 Northern Data AG, Europe's largest Bitcoin miner, is reportedly eyeing a whopping $16 billion valuation for an IPO of its "Taiga" and "Ardent" entities on the Nasdaq by 2025. But wait, there's more! The firm's Bitcoin mining business, Peak Mining, might also get its own separate listing. While banks suggest a valuation between $10 billion and $16 billion, the final decision is still up in the air. Founded in 2009, Northern Data has been a trailblazer in the Bitcoin mining world and has recently expanded into the AI space. So, will they or won't they? Stay tuned for more updates!

🏝️ The Bahamas is saying "no more sand castles, let's build a Sand Dollar empire!" The country's central bank is set to introduce legislation making it mandatory for commercial banks to distribute its central bank digital currency (CBDC), the Sand Dollar, in a bid to boost adoption. Despite being the first country to introduce a CBDC, the Bahamas has seen less than 1% of its currency in Sand Dollars. The total volume of Sand Dollar wallet top-ups also took a nosedive from $49.8 million in 2022 to a mere $12 million between January and August last year. But hey, every empire starts with a single grain of sand, right? 🏖️

🔮Polkadot's treasury is down to its last $245 million, enough for about 2 years of spending at the current rate, says head ambassador Tommi Enenkel. The treasury's complexity is growing, with funds being spent directly and allocated in bounties and collectives for future use. The first half of 2024 saw a "huge jump in spending" with $87 million spent, 40% of which went to advertising, influencers, conferences, and events. Despite the spending spree, Enenkel assures that they got "more bang for the DOT" as the token's price peaked at $11.46 in mid-March. However, concerns about the treasury's usage are increasing as its balances have been falling since mid-2023. The treasury's revenue declined 58.5% from the second half of 2023, mainly due to a decline in network fees. Enenkel suggests creating departments represented as bounties and collectives for the "effective deployment of Treasury capital." He also proposes lowering DOT's 10% inflation rate to reduce selling pressure.

🚀 Robinhood is set to supercharge its trading platform with AI, thanks to its acquisition of Pluto Capital. The AI will provide personalized investment strategies and real-time insights to help users make swift, confident decisions. Pluto's founder, Jacob Sansbury, will lend his expertise to Robinhood's product roadmap and AI integrations. Pluto's AI can analyze risk tolerance, investment objectives, and past trades to optimize portfolios. It also has real-time insights on global financial data, helping investors quickly identify trends and opportunities. Robinhood's move into AI follows its $200M purchase of crypto exchange Bitstamp last month. The future's looking bright for Robinhood users!

🚀 GameStop investor Martin Radev, who accused Keith 'Roaring Kitty' Gill of securities fraud, has dropped his lawsuit just three days after filing it. Radev alleged Gill used his social media influence to manipulate GameStop's stock price. The lawsuit was dropped "without prejudice," meaning Radev can file a similar lawsuit in the future. Gill, known for the GameStop short squeeze of 2021, recently acquired a 6.6% stake in pet retailer Chewy, sparking speculation of another potential short squeeze. Meanwhile, Radev's lawyers remain tight-lipped on the sudden dismissal.

📈Bitfarms, the Bitcoin mining company, has increased its BTC production by 21% in June, mining 189 BTC and selling 134 for a cool $8.8 million. Despite a 51% production drop compared to June 2023 due to the halving event, Bitfarms is still on track to reach its 21 EH/s target by 2024. The company has also thwarted a takeover attempt by competitor Riot Platforms, who bought a 14.9% stake in Bitfarms but failed to acquire more. Meanwhile, Bitfarms is expanding its operations in the US and upgrading its mining fleet. So, it's not all about the halving, folks!

📉 Bitcoin's hashrate drawdown is at a low not seen since Dec 2022, hinting at a potential market bottom. Data from CryptoQuant shows a -7.6% True Bitcoin Hashrate Drawdown, suggesting low selling pressure. Meanwhile, Bitcoin miners are showing signs of capitulation, indicating possible Bitcoin buying opportunities. But don't pop the champagne just yet! Market analyst Will Woo warns that the market won't hit new highs until weak miners close shop. And with the 2024 halving event looming, a report from Cantor Fitzgerald suggests major mining companies could face profitability issues if Bitcoin's price falls to $40,000. So, buckle up, crypto fans! It's gonna be a bumpy ride! 🎢

📢 Silvergate Capital Corporation, the parent company of a crypto-friendly bank, is facing a lawsuit from the SEC over allegations of facilitating fraud at the now-defunct FTX exchange. The SEC claims Silvergate and its former executives misled investors about its compliance program and monitoring of crypto customers. Silvergate has agreed to a $50 million civil penalty, while former CEO Alan Lane and ex-Chief Risk Officer Kathleen Fraher have agreed to pay $1 million and $250,000, respectively. Meanwhile, former CFO Antonio Martino is ready to fight back, calling the allegations "unfounded and irresponsible". Stay tuned for the next episode of Godzilla vs. Kong: SEC vs. Crypto! 🍿