Bitcoin + Ethereum and NFTs News 📲

💰 Bitfinex says bitcoin prices may have bottomed and are beginning to stabilize Derivatives market indicators suggest that bitcoin prices are stabilizing after the heightened price fluctuations of the past seven days, analysts said. Last Wednesday, bitcoin prices dropped below their 120-day range, reaching a local low of $53,219, as the market reacted to fears of selling by both the German government and Mt. Gox creditors. Since then, the largest digital asset by market capitalization has climbed back above the $57,000 mark, but not without a spike in daily price volatility. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

💰 Cboe BZX files forms for Solana ETFs by 21 Shares and VanEck as process to obtain regulatory approval trudges on Exchange Cboe BZX filed forms for proposed Solana exchange-traded funds from VanEck and 21Shares as both firms look to launch first-of-its-kind products. Cboe BZX filed Form 19b-4s on Monday for the 21Shares Core Solana ETF and for the VanEck Solana Trust. The form is an application filed with the U.S. Securities and Exchange Commission to let the agency know of a proposed rule change. The form is a part of the process for getting the agency's approval for a crypto ETF. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

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🪙 Tether 24 hour trading volume surpasses Bitcoin, Solana, USDC and Ethereum combined Tether USDT’s 24-hour trading volume exceeds the combined total of the following five digital assets, including Bitcoin and Ethereum. As CryptoSlate data indicates, Tether (USDT) maintains a higher volume than Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Solana (SOL), and First Digital USD (FDUSD), pointing to its significant presence in the market. Specifically, Tether recorded a 24-hour volume of over $55 billion, far surpassing Bitcoin’s $28 billion and Ethereum’s $15 billion. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🪙 Tron to develop gasless stablecoin transfers by Q4 Justin Sun, the founder of Tron, announced on July 6 in a post on X that his team is working on enabling gas-free peer-to-peer (P2P) stablecoin transfers. In a post on X, Sun noted that this would mean that stablecoin “transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves.” Sun, however, did not elaborate on how the gasless mechanism would work. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🚨 Peter Schiff: Bitcoin Bear Market Has Much Further to Go, Ether to Crash to $1,500 Economist and gold advocate Peter Schiff warns of a continued bitcoin decline, stating that “this bear market is a long way from over.” He predicts significant price falls for both bitcoin and ethereum, suggesting a potential crash if critical support levels fail. “It’s a long way down,” he said. Regarding ether, Schiff predicted: “I think a crash down to $1,500 is coming.” Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

💰 $537 million Binance deposits tied to BTC price drop suggest whales selling: LookOnChain Two wallets have deposited 9,500 to Binance since June 27, potentially indicating whales liquidating nearly $550 million in cryptocurrency. The wallets, first spotted by blockchain analytics firm Lookonchain, could represent whales cashing in on their bitcoin holdings, which are currently valued at $537 million. When the transfers began last week, the stash was worth closer to $575 million. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🏦 Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player stated that implementing the tax will likely harm the industry. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🇰🇷 South Korea to tighten crypto exchange oversight with new monitoring system South Korea’s Financial Supervisory Service (FSS) plans to tighten oversight of crypto trading platforms under its jurisdiction to eliminate fraudulent transactions. In a July 4 notice, the regulator announced that local exchanges must establish a “continuous monitoring system for unfair transactions” and report “abnormal transactions” via a dedicated transmission line. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts

🏦 Coinbase demands Gensler’s private emails in SEC battle over crypto rules Coinbase has criticized the US Securities and Exchange Commission’s (SEC) effort to block “reasonable discovery” from Chair Gary Gensler in their ongoing legal battle. Last month, the exchange requested the SEC Chairman to produce certain communications, including emails, reflecting his views on digital assets from 2017 to the present. The SEC challenged this move, citing concerns over burden and privacy intrusion. The regulator argued that any subpoena should target the commission as an institution, not Gensler personally. Source 🔊 @Bitcoin_Ethereum_Metaverse_Nfts