Author: Kent Tenix

Shytoshi Kusama, the leader of Shiba Inu, bids farewell to Japan. It is time for him to move on to the next destination, where he will have to take his “meet and greet.” The lead developer of SHIB, identified by the moniker Shytoshi Kusama on social media platforms and who recently introduced himself at a crucial Web3 conference in Kyoto, has announced his next place of public presence on Twitter. The SHIB community awakens as Shytoshi Kusama causes a splash This recent visit has created much excitement among the SHIB community, as Kusama has appeared in Japan recently, filling X…

While Bitcoin fights to stay above $54,500, Solana’s ETF filing by VanEck has served as bullish support during the bear run, with SOL retaining itself above key support zones while dropping by 8%. This is especially true when there are expectations of a Solana price rally, which helps to reinforce trader optimism. In the case of the reversal, it is not as easy as it seems; the price may not start making a recovery immediately; it has to close the trading above the current levels and hit the upper target to ward off bearish pressure most efficiently. SOL price has…

This has been prompted by the recent blog post by PeckShield that highlighted a transaction in which a wallet linked to the U.S. government moved 237 Bitcoins, worth $13.7 million, to a new address. The screenshot from PeckShield provided below supports the details of the transaction. PeckShield provided details of a $13.7 million Bitcoin transaction from a wallet seized by the U.S. government to a different address, with no official declaration from the U.S. police authorities. The U. S. Government Transfers Seized BTC The US government has engaged in a number of Bitcoin transactions in the last few months after…

Bitcoin Miner Capitulation Signs Indicate Hasan Potential Bottom, CryptoQuant States. The historical evidence shows that the major Bitcoin price bottoms are matched with the miner capitulation characterized by halting operations or selling Bitcoin reserves due to financial pressures. Signs of Miner Capitulation: Pred Alarms According to the CryptoQuant report, this affirms a decline in hashrate for Bitcoin, with a 7% drop following the recent halving event to show a decline in the total computational power being used in mining. This stands as the largest decline since December of 2022, when the FTX exchange collapsed, and the Bitcoin cycle bottom was…

Germany’s Deutsche Digital Assets (DDA) launched the Bitcoin (BTC) Macro, an exchange-traded product (ETP), on the prominent Deutsche Borse Xetra marketplace. The ETP “BMAC” actively manages its Bitcoin exposure based on macroeconomic conditions, all the while providing a total of 2.00%. The “DDA Bitcoin Macro ETP” is underpinned by a broad crypto basket and is safely held in a Coinbase Custody institutional-grade solution. Capitalizing on Market Volatility: Exploratory Strategies It incorporates BTC and USDC, “utilizing key macroeconomic factors to optimize its Bitcoin exposure and enhance long-term risk management,” as the firm adds. As mentioned by Marc des Ligneris, holding the…

The SEC’s current approach to crypto handling neither supports capital formation nor protects investors, according to Commissioner Mark Uyeda in a recent statement. By taking notice of crypto disclosure rules, Uyeda announced in a July 1 statement for adoption of new rules. As part of the Registered Index-Registered Index-(RILA) Linked Annuities Act, he changed certain provisions. These changes will specify how specific firms can file their Form N-4 application. However, the footnotes expose a slight criticism of how the Gensler-led agency handles crypto asset regulations, especially in the way information is disclosed in Form S-1 filings. Uyeda Criticizes SEC’s Outdated…

Circle’s USDC and EURC stablecoins lead the way in compliance as the initial fiat digital currencies under MiCA regulations. On July 1, 2021, Jeremy Allaire, co-founder and CEO of Circle, revealed that Circle became the first stablecoin issuer in the EU to receive the MiCA permit. Circle convinces the investors that USDC and EURC can carry on being regulatory compliant under new rules meaning that there is no need to redeem or transfer money in order to ensure compliance. Allaire explained that Circle chose France as its EU headquarters due to stringent regulations regarding digital assets and cooperation with the…

While Ethereum is regaining the ground thanks to bullish projections for the Q1, there is still no definite outlook on the potential of AI tokens. Ethereum is expected to deliver good results in the next quarter, and AI tokens have also proved to be resilient and dominant in the social sphere. ETH and AI tokens have been exhibiting high levels of positive slope in recent months. Grayscale Research expects an increased impact from the newly listed spot Ether exchange-traded products (ETPs) in the U. S. market in the next quarter. This comes after the SEC approved Form 19 billion -4…

Despite the recent bearish signs in BTC, ETH and SOL, Bitcoin ETFs has bounced back with $73 million of AUM net inflows by June 28 implying a stable market with reduced price swings. But with renewed buying interest, the Bitcoin ETFs bounced back, registering a $73 million net inflow as of June 28th. Interpreting Bitcoin ETF cash flow characteristics BlackRock Inc’s iShares Bitcoin Trust (IBIT) dominated the list with $82.4 million in inflows, while Grayscale Bitcoin Trust (GBTC) saw, of these outflows for the week, Second Premium Fund witnessed $27.2 million outflows, while Fidelity’s FBTC fund experienced $25 million outflows.…

On Friday, in the SEC and Binance case, Judge Amy Berman Jackson ruled that the SEC can proceed with the initial allegations on Binance for ongoing BNB token sale, initial coin offerings, failure to register, and fraud charges. The Judge dismissed the allegation of SEC on BNB token trading on secondary exchanges by citing the XRP decision. The judge stated to proceed in a June 28 ruling. Jackson also eliminated the allegation of passive income, claimed by the SEC The SEC’s claim that Binance CEO Changpeng Zhao acted as a “control person” will proceed, along with the claim that Binance…