Flyfish Club, the team behind the planned private club in New York, has settled with #SEC. for $750,000 in damages after allegedly promising profit prospects to #NFT buyers.

They sold club memberships through NFTs between 2021 and 2022, raising $14.8 million from around 1,600 NFT sales.

They must destroy all #Flyfish NFTs in their possession by September 26 and stop collecting royalties from secondary sales.

The Terra Station wallet itself did not go bankrupt, but it was affected by the major crash that the Terra ecosystem experienced.
Terra Station is a wallet application connected to the #Terra blockchain and is still a surviving part of the Terra ecosystem.

Terra Station can still be used to manage assets such as #LUNC✅ (Luna Classic) and #ustc (#TerraUSD Classic).
However, the loss of trust in the Terra ecosystem and the large decline in the value of assets may have limited the wallet’s use.
So, Terra Station is technically still operating, but it has lost much of its former popularity and user trust.

There are several possible reasons why#LUNCand#USTCwithdrawals cannot be made through Terra Station

1. Network Updates or Maintenance Work
During updates or maintenance work on the Terra blockchain, withdrawals may be temporarily suspended. This may prevent users from withdrawing their assets.

2. Wallet Issues
Technical issues with wallet applications like Terra Station can prevent users from making withdrawals. These issues are usually caused by software bugs, synchronization problems, or app updates.

3. Network Congestion
When there is excessive congestion on the Terra network, transactions may be delayed in processing or completely blocked. In this case, withdrawals may wait for a long time or fail.

4. Liquidity Issues
If there is not enough liquidity on the exchange or platform you want to withdraw from, your transaction may not be processed. This may cause withdrawals to fail or be delayed.

5. Regulation or Security Measures
Sometimes, exchanges or platforms may temporarily suspend withdrawals due to certain security or regulatory requirements.

#Binance Research’s latest report highlights key developments in the cryptocurrency market during July

⚫ Strong first week trading volumes ($5.8 billion) seen with spot ETH #ETF✅ s being launched, but net outflows ($484 million) mainly due to Grayscale’s #EthereumEFT outflows

⚫ DEX volumes up 42.2% on meme coin trading

⚫ Solana (#SOLUSD ) and #XRP led with gains of 30.5% and 27.6% respectively

⚫ TVL in DeFi up 3.5% with significant growth in #CORE, Scroll, and Mantle

⚫ NFT sales volume down 7.14%, Ethereum collectibles face biggest declines

Marathon Digital Holdings has announced plans to issue $250 million in bonds to increase its #Bitcoin❗ purchases.

The move aims to provide additional capital to expand the company’s #Bitcoin❗ reserves and support its mining operations. The proceeds from the bond issue will reportedly be used to purchase #Bitcoin and for general corporate needs.

The move reflects Marathon Digital’s commitment to#cryptocurrenciesand its ongoing efforts to raise more funding to support its growth strategy

In the latest ruling on #xrp , the court ordered Ripple to pay a $125 million fine for institutional sales.
However, the ruling that #xrp transactions made on crypto exchanges were not considered securities offerings is a partial victory for Ripple.

This ruling invalidates some of the #SEC’in claims against Ripple because XRP traded on#cryptoexchanges is not considered a security, while stating that the penalties related to institutional sales should be paid.

This is considered a significant turning point in how XRP will affect future trading and how Ripple operates.
As a result, the court's decision has a mixed result for Ripple

Institutional Sales: Ripple was ordered to pay a $125 million fine for institutional sales.

Crypto Exchange Transactions: #XRP transactions on crypto exchanges were not considered securities offerings, which means an important legal victory for Ripple.

This decision is seen as an important step in clarifying Ripple's position in the cryptocurrency market and the legal status of XRP.

While #Ripple eliminated some of the legal uncertainties with this victory in crypto exchange transactions, the penalty it will pay for institutional sales may cause the company to re-evaluate its financial situation and strategies.

Despite recent market volatility, El Salvador continued its #bitcoin👌 purchase policy, buying 1#BTC☀️ per day.

#BlackRock⁩ and #Nasdaq applied to #SEC. to launch an option on the spot #EthereumEFT #ETF.
#SEC's deadline to evaluate this application was set as April 9, 2025.

However, during this process, the other two US regulatory bodies,#OCC(Options Clearing Corporation) and#CFTC(Commodity Futures Trading Commission), also need to approve.
These approval processes will be critical for the product to be launched.

In the USA, the 2024#BitcoinAct is officially submitted to Congress and referred to the Senate Banking Committee, an important step in regulating#Bitcoinand #cryptocurrencies.

This law aims to establish the legal framework for digital assets and provide greater security and transparency in the #cryptomarket.
It is important to follow the full text of the law and committee discussions to learn more about the content of the law and evaluate the potential impacts of this regulation. These developments could be decisive for both investors and the#cryptoindustry.
The results of the law have not yet been determined because the legislative process continues in Congress. During this process, the law will be reviewed by the Senate Banking Committee and possible changes will be made.

The bill will then be voted on in both houses of Congress. If approved, it will be submitted for the President's signature and come into force.
This law could introduce new rules on the regulation, taxation and use of#Bitcoinand other #cryptocurrencies.
Regulations can aim to increase market transparency, reduce fraud and protect consumers. The final results of the law will become clear as a result of committee discussions and discussions in Congress.

Spot #Ethereum #ETF✅ saw a net outflow on the second trading day, leading to a significant decline in the altcoin market. This situation may be associated with investors not being able to obtain the expected return and market sentiment being negatively affected.
The sharp decline in altcoins is generally considered a reflection of the volatility and uncertainties in the crypto market. Such movements can affect investors' risk appetite and confidence in the market.
Failure of spot #EthereumEFT to perform as expected and the decline in the altcoin market may lead to short-term uncertainties in the crypto market. What might happen next:
1. Market Correction: The sharp decline at #Altcoin may cause the market to enter a process of finding a balance on its own. This means that prices may continue to fluctuate for a certain period of time.
2. Investor Confidence: If investor confidence weakens, there may be more selling pressure in cryptocurrencies. This could lead to a broader market decline.
3. Regulation and News: Regulations and news regarding the crypto market can have a significant impact on the market. For example, positive regulatory news or large corporate investments can stimulate the market.
4. Technical Analysis: Crypto traders often try to predict market trends using technical analysis. Monitoring support and resistance levels can assist in investment decisions.
5. Long-Term Investors: Short-term fluctuations can be considered as a buying opportunity for long-term investors. However, such investments involve risk and require careful analysis.

German Bundestag member Joana Cotar called on the German government to stop Bitcoin sales and keep Bitcoin as a reserve currency. Cotar supports the recognition of #Bitcoin as legal tender and its integration into Germany's mainstream financial system. It also aims to inform MPs about the benefits of Bitcoin by launching an educational initiative called “#Bitcoin im Bundestag”.

While Cotar's approach emphasizes the liberal and privacy-oriented nature of Bitcoin, it also states that a regulatory balance must be maintained. This initiative stands out as a stance against the European Central Bank's (ECB) digital euro project.

Cotar argues that Bitcoin's decentralized nature makes it a more suitable digital asset for Germany and suggests that Bitcoin mining could be used to stabilize the energy grid.

Get ready for $EPX

The US Treasury will impose #kripto taxes in 2025, which will delay rules for non-custodians.
#IRS will not require #stablecoin sales reports and will set a #NFT revenue reporting threshold of $600 per year

#SEC , #EthereumEFT returned to the applicant issuers to reconsider their forms and resolve certain issues.
This means issuers must edit and resubmit their applications. #SEC's provision of such feedback is a standard procedure to ensure that issuers' applications are complete and accurate.
This process requires issuers to resubmit their applications by making the necessary adjustments.

It announced that it will stop printing #USDT on the #Tether , #EOS and #ALGOUSDT networks as of today.

This change is seen as part of #Tether's strategy to use its resources more efficiently and respond better to market demands.

Time will tell what effects this decision of#Tetherwill have on the users of the relevant networks.

The difference of 3.2 billion units between the circulating supply and the total supply of #USTC has been removed from circulation because it is inactive. Among these 3.2 billion units, there are also USTCs belonging to the #Luna Foundation.
This situation shows that a certain part of the supply is not actively used in the market and is withdrawn from circulation for various reasons.
The fact that a large part of the difference between the circulating supply and the total supply of #USTC is inactive and is held by a significant asset such as the Luna Foundation can affect the market dynamics in various ways. I can summarize the possible effects of this situation as follows:
1. Price Fluctuations: Recirculation of passive supply or selling in large quantities may cause sudden fluctuations in the price of USTC. Such events often attract the attention of investors and can lead to speculation in the market.
2. Trust Element: The high amount of USTC held by large players such as Luna Foundation may affect the confidence of investors. Statements or transactions made by such foundations may have a direct impact on market confidence.
3. Balance of Supply and Demand: Restricting the circulating supply can cause the price to rise when demand remains constant or increases. However, whether this situation is sustainable depends on when and under what conditions the supply will be put back into circulation.
4. Regulation and Inspections: Such large supply differences and large amounts in the hands of central institutions may attract the attention of regulators. Possible regulations and inspections may create new dynamics in the market.
Such information can often affect supply-demand dynamics and price movements in cryptocurrency markets.

Former #Binance CEO Changpeng Zhao was sentenced to 4 months in prison.

Is that a coinsidence ?

#BNB  Ranking 4
He went to jail in the 4th month
4 Billion Fine
Sentenced to 4 Months in Prison

$AKRO This bull will do great things too