Author: Kent Tenix

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…

Offchain Labs developed Arbitrum which was officially launched in 2023 to help Ethereum out of its congestion and scaling troubles. The inception of the project will lead to enhanced satisfaction since it will offer upgraded effectiveness and decreased transaction costs on the Ethereum network. Arbitrum helps users transact on Ethereum with reduced gas fees, and the previously developed Dencun upgrade reduced the fees on this network. In terms of security, Arbitrum relies on the Proof-of-Stake (PoS) consensus mechanism used by the second-largest blockchain. ARB is the native token of the Arbitrum ecosystem. Upon its launch in March 2023, the Arbitrum…

The GSR market predicted that after the launch of the Solana ETF, the price may spike 9X from the current price of $144 to $1320, and its market cap can reach up to $614 billion at the current market supply. The theory of GSR is based on the “blue sky” scenario; however, its bear side suggests only a 1.4x increase in price. On June 27, GSR published a report that described Solana as a part of “crypto’s big three” and examined whether Solana would be the next spot cryptocurrency ETF to gain U.S. regulatory approval. GSR, which holds a long…