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💰 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 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

💰 Bitcoin’s price drop created $441 million buying frenzy for crypto investment products Bitcoin’s recent price struggles presented investors with “buying opportunities,” resulting in the inflow of $441 million into crypto-related investment products, according to CoinShares‘ latest report. James Butterfill, the head of research at CoinShares, explained that digital assets experienced heavy volatility last week due to selling pressures from the German government and news of defunct Mt. Gox’s repayments. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

🪙 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 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

📊 Web3 Users Surge by 40%, Reaching Historic High in Q2 In the second quarter of 2024, Web3 user engagement hit an all-time high, with approximately 10 million daily unique active wallets (dUAW), marking a 40% increase from Q1. According to a July 4 report by blockchain analytics platform DappRadar, the unprecedented growth spanned various sectors of the decentralized application (DApp) industry, leading to an overall bullish trend. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

💰 Bit Digital, Iris Energy report declining Bitcoin output, rise in hash rate YoY Bit Digital and Iris Energy reported June Bitcoin (BTC) mining results on July 5, posting one-year hash rate increases alongside reduced BTC output since April. Bit Digital reported a hash rate of 2.57 exahashes per second (EH/s) as of June 30, up from 2.54 EH/s in May and 1.78 EH/s in June 2023. The firm produced 61.7 BTC in June, down 2.5% from May. In earlier reports, the company said it produced 63.3 BTC in May and 119.3 BTC in April. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

💰 Bitcoin suffers fifth largest realized loss since FTX collapse amid Mt. Gox panic Bitcoin’s recent price dip to around $54,000 has triggered one of the largest realized losses since the FTX collapse, specifically the fifth biggest realized loss since. This significant sell-off is primarily attributed to panic selling spurred by news related to Mt. Gox. On July 5, within a one-hour resolution, Bitcoin’s aggregated realized loss soared to $814 million. $587 million of these losses were incurred by short-term holders who had held Bitcoin for one to three months. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

💰 German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data Shows The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s BTC liquidation, Tron founder Justin Sun has offered to purchase the remaining bitcoin off-market from the German government to minimize any price impact on the cryptocurrency. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

📊 Crypto VC investment ‘continued rebound’ in Q2 with $3.2 billion invested – Galaxy Venture capital investments in crypto continued to rebound in the second quarter, with a total $3.2 billion invested during the period — up 28% compared to $2.5 billion in the previous quarter, according to Galaxy Digital latest research report. Galaxy noted the second quarter’s median pre-money valuation is the highest since the fourth quarter of 2021 and represents an almost all-time high. It attributed the surge to a more competitive market, giving companies greater negotiation leverage in deals. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

🏦 KuCoin to enforce 7.5% VAT on Nigerian trades amid regulatory changes Crypto exchange KuCoin said it would start collecting a 7.5% value-added tax on trading fees from its Nigerian users on July 8. The platform explained that the 7.5% fee would be applied to each trade’s transaction fees, not the transaction amount. It added that the fee covers all transaction types that Nigerian users can perform on its platform. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

💰 Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to invest over $400 million in the country due to the lack of clarity in the area. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus