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The Genesis Block

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01
Grass, an artificial intelligence Depin project, has announced the inclusion of Solana wallets as part of its ongoing rewards distribution process. Grass stated that this new addition will allow them to track the origin of each piece of scraped data and reward the node providing this info according to its relative value. AI Depin Project https://news.bitcoin.com/ai-depin-project-grass-to-implement-rewards-distribution-using-solana/
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02
PRESS RELEASE. Road Town, BVI, June 24, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of DED DED on June 24, 2024. Users of LBank Exchange can brace themselves for the DED/USDT trading pair, which will go live https://news.bitcoin.com/lbank-exchange-will-list-ded-ded-on-june-24-2024/
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03
Ark Invest CEO Cathie Wood says she plans to vote for Trump for US economy https://www.theblock.co/post/301370/ark-invest-ceo-cathie-wood-will-vote-for-trump
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04
Ethereum gas price has fallen below 2 Gwei minimum since 2020 https://etherscan.io/chart/gasprice
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05
Total losses from the Coinstats hack are ~$2 million https://x.com/narekgevorgyan/status/1804888083227124216
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06
DELL founder Michael Dell has started actively mentioning BTC https://x.com/michaeldell/status/1804139932216078465
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07
Pudgy Penguins and OverpassIP introduced Igloo https://x.com/IglooInc/status/1804595581207363816
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08
The crypto market is down BTC Dominance - 53.57% Market Cap - $2.32T BTC - $62,863.48 -2.42% ETH - $3,403.29 -3.26% BNB - $576.1 -2.83% ZK - $0.1649 -9.38% ZRO - $2.71 -13.19% STRK - $0.696 -7.02% W - $0.336 -4.28% ARB - $0.7817 -3.86% https://dropstab.com
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09
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Salvadoran government pushes a bitcoin banking bill, president Milei states bitcoin will compete with other currencies in Argentina, and the Wasabi Wallet lead dev declares that bitcoin developers “have failed” El Salvador. https://news.bitcoin.com/latam-insights-salvadoran-government-introduces-bitcoin-banking-bill-bitcoin-to-compete-with-other-currencies-in-argentina/
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10
Pantera Capital, an institutional asset manager focused on blockchain technology, has called Solana the “Mac OS of blockchains” in its latest blockchain letter. The firm details that the rise of Solana over Ethereum is reminiscent of what Microsoft experienced when Apple entered the market, highlighting Solana’s growing retail adoption and architectural advantages. Pantera Capital States https://news.bitcoin.com/pantera-capital-calls-solana-the-mac-os-of-blockchains-highlights-architecture-benefits-and-growing-adoption/
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11
Over the past month, toncoin TON has appreciated by 18.4% against the U.S. dollar, achieving a new all-time high last week. Current data indicates that the top ten TON chain coins, including TON, have a combined value of more than $20 billion. Gaming and Meme Tokens Drive TON’s Market Growth to $20 Billion The Open https://news.bitcoin.com/top-10-ton-chain-coins-reach-20-billion-in-combined-value/
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According to the Money Laundering Risk Assessment Report by Singapore’s central bank, the banking sector is identified as the highest money laundering risk to the country. The report also highlights risks related to digital assets and cryptocurrencies. To mitigate these risks, the Monetary Authority of Singapore MAS has implemented stringent regulatory measures under the Payment https://news.bitcoin.com/banking-sector-poses-highest-money-laundering-risk-singapores-central-bank-says/
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13
Turkish crypto exchange Btcturk has suffered a cyber attack which caused unauthorized withdrawals from the platform. Crypto exchange Binance is assisting Btcturk with investigating the breach and has already frozen over $5.3M in stolen funds, Binance’s CEO has disclosed. Btcturk has reopened deposits and withdrawals for all ERC20 cryptocurrencies on the ERC20 network. Binance Assisting https://news.bitcoin.com/binance-helps-btcturk-with-hack-investigations-freezes-over-5-3m-in-stolen-funds/
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14
In 2020 and early 2021, the stock-to-flow S2F bitcoin price model captured widespread attention. Although bitcoin currently stands over 13% below its peak value reached in March, the Power Law Corridor model has become increasingly influential. Many hold the view that the Power Law model’s support line has remained steadfast for over ten years and https://news.bitcoin.com/bitcoins-power-law-model-gains-traction-despite-market-fluctuations/
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**Why Meme Coins Could Create a Legal Minefield for Celebrities** MOTHER? DADDY? Meme coins created or promoted by celebrities can bring huge gains and attention, but also major legal pitfalls to avoid.
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16
As the U.S. stock market scales new heights, a growing chorus of analysts warns that a severe crash could be on the horizon, reminiscent of the devastating 1929 collapse. Concerns center around the meteoric rise of Nvidia and the burgeoning artificial intelligence AI sector, feared to be the latest bubble in a pattern echoing past https://news.bitcoin.com/market-jitters-analysts-warn-of-looming-us-stock-crash-draw-parallels-to-1929/
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In the past week and a half, the crypto markets have shown a bearish trend, suggesting that the summer slowdown is underway. Many anticipate that bitcoin and the broader crypto economy might face a few uneventful weeks ahead. Onchain analyst Willy Woo believes there could be another one to four weeks of cooling down “before https://news.bitcoin.com/cryptos-stagnant-summer-analysts-say-boring-markets-may-set-stage-for-eventual-price-surge/
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18
According to the crypto portfolio tracking app, Coinstats, suspected North Korea-linked hackers are believed to be behind the security breach on June 22, which impacted 1,590 user wallets, The Coinstats team has advised users with affected wallet addresses to immediately transfer their funds using their exported private keys. Coinstats App Shut Down Coinstats, the crypto https://news.bitcoin.com/crypto-portfolio-tracker-coinstats-confirms-security-breach-temporarily-shuts-down-app/
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19
🪙 Bloomberg Analyst Doubles Down on July 2 Spot Ether ETF Launch Date Amidst Surge in S-1 Filings Bloomberg’s senior ETF analyst has reaffirmed his prediction of a July 2 launch date for U.S. spot ethereum exchange-traded funds ETFs after observing a surge in amended S-1 registration statement filings on Friday. U.S. Securities and Exchange Commission SEC Chairman Gary Gensler has indicated that spot ether ETFs will launch this summer, pending the SEC’s approval of their S-1 filings. Source https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/ ✈️@CryptoWorldNews🌐
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20
Top 5 Daily Gainers & Losers ✈️@CryptoWorldNews🌐
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21
With the 2024 election set for November, there’s growing curiosity about whom former President Donald Trump will select as his vice-presidential candidate. Currently, the decentralized prediction market Polymarket is featuring bets on a wide array of potential candidates, with this weekend showing a mystery candidate and Republican Senator J.D. Vance of Ohio as the frontrunners. https://news.bitcoin.com/donald-trumps-vp-contenders-a-look-at-polymarket-odds-and-favorites/
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22
Throughout bitcoin’s history, the leading crypto asset has traded at five digits per unit for over 28% of its time. In 2022 and 2022, bitcoin BTC and yearn finance YFI were the only two tokens trading in the five-digit range; however, currently, only bitcoin maintains that status. The following is an overview of the most https://news.bitcoin.com/exploring-cryptos-most-expensive-assets-the-5-4-and-3-digit-clubs/
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23
**This Week in Crypto Games: 'Pixels' Chapter 2, Konami on Avalanche, Telegram Gaming Boom** Catch up on this week’s biggest crypto and NFT gaming news and find some weekend reads in our latest roundup.
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24
The U.S. Securities and Exchange Commission SEC is seeking a $102.6 million penalty from Ripple in the XRP case. Meanwhile, the Biden administration, along with Mark Cuban and Representative Ro Khanna, are preparing for a crucial crypto roundtable. A Bank of America report reveals that younger wealthy investors are increasingly favoring cryptocurrencies over traditional investments. https://news.bitcoin.com/sec-demands-102m-from-ripple-dems-reportedly-prepare-for-crypto-roundtable-and-more-week-in-review/
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25
**‘Gemz’ Daily Combo Guide: How to Earn 5 Million Free Coins in the Telegram Game** Just like Hamster Kombat, rising Telegram game Gemz offers players a massive daily haul of free coins. Here’s how to get it.
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26
The jailed Binance employee, Tigran Gambaryan, recently requested permission to amend his fundamental human rights violation against Nigerian law enforcement agencies. The amended proposal reportedly seeks “the costs of this action on a full indemnity basis.” The Economic and Financial Crimes Commission counsel opposed the application for amendment. However, Justice Inyang Ekwo overruled the opposition https://news.bitcoin.com/detained-binance-employee-includes-financial-compensation-demand-in-amended-rights-lawsuit/
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27
**This Week on Crypto Twitter: A Donald Trump Crypto Controversy, Starring Martin Shkreli** A potentially not-so-mysterious mystery gripped Twitter this week, when questions swirled around the origin of a Donald Trump-themed Solana meme coin.
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28
Although Bitcoin-based decentralized applications dapps have been known to replicate or copy Ethereum dApps, Jeff Yin, founder of Merlin Chain, believes there is a growing impetus to build bitcoin dapps that are distinguishable from ether-based dapps. Yin, however, noted that the synchronization between bitcoin-based dapps and the Ethereum Virtual Machine EVM dapps still benefits the https://news.bitcoin.com/bitcoin-network-adapting-despite-experiencing-growing-pains-says-early-btc-investor/
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29
🌐 Join the Top Telegram Crypto News Channel: Cryptocurrency ↪ Inside! 🌐http://t.me/CryptocurrencyInside Discover the latest in crypto: - 📰 Up-to-Date News: Stay informed with the newest updates. - 🔗 Onchain Analytics: Gain deep insights from blockchain data. - 📅 Market Updates & Insights: Keep track of important market trends. 👥 Join Our Active Community: Engage with fellow crypto enthusiasts. 🔗 Join now: @CryptocurrencyInside #CryptoCommunity #Blockchain #CryptoNews #MarketInsights 🚀🌐📈🔗📅
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30
**'TapSwap' Tips Guide: How to Earn the Most Coins in the Telegram Crypto Game** Looking for the next Notcoin? TapSwap provides an uncanny impression with its own airdrop coming to TON, and here are tips to help you earn.
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31
While wrapped digital assets have enabled the bridging of assets and expanded their utility, their perceived need for custodianship reintroduces centralization risks and trust dependencies. This contradicts the decentralized ethos of blockchain technology, according to Chris Li, founder and CTO of Ava Protocol. Attaining Utility While Preserving the Core Principles of Decentralization Li told Bitcoin.com https://news.bitcoin.com/former-microsoft-engineer-predicts-a-gradual-shift-in-blockchain-development-focus-toward-vertical-scaling/
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32
The U.S. Department of Justice DOJ announced on Friday that Robert Wesley Robb, 46, from Colorado, pled guilty to wire fraud for deceiving investors with false promises about a Maximum Extractable Value MEV cryptocurrency trading bot. Robb solicited investments via social media, claiming high returns and pressuring individuals to invest quickly. On Sept. 8, 2023, https://news.bitcoin.com/prime-suspect-in-2-2m-crypto-fraud-faces-up-to-20-years-in-prison/
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33
South African crypto traders have reportedly started receiving notices from the South African Revenue Service SARS indicating that their tax affairs are under review. The revenue collector is gathering information from various crypto-asset exchanges to assess compliance. Traders who fail to provide requested information could face criminal charges under the Tax Administration Act. SARS may https://news.bitcoin.com/south-african-tax-authorities-scrutinize-crypto-traders-amid-compliance-uncertainty/
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34
In the realm of bitcoin trading, technical analysis can play a significant role, with oscillators being pivotal tools. Oscillators, developed over decades, assist traders in making informed decisions by analyzing price momentum and market conditions. This article delves into the history and usage of key oscillators leveraged in bitcoin trading. Oscillators and Why They Matter https://news.bitcoin.com/understanding-oscillators-in-bitcoin-trading-a-technical-analysis-guide/
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35
Cryptocurrency portfolio manager CoinStats has temporarily suspended user activity following a security breach that affected 1,590 crypto wallets. https://cointelegraph.com/news/cryptocurrency-portfolio-manager-coinstats-security-breach-wallets
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36
The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into the Commission’s expectations before they fully commence operations. Regulator Threatens Enforcement Action Against Non-Compliant https://news.bitcoin.com/nigerian-regulator-amends-vasps-rules-threatens-enforcement-against-noncompliant-entities/
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37
The crypto market is neutral BTC Dominance - 53.35% Market Cap - $2.38T BTC - $64,386.18 +0.13% ETH - $3,515.79 +0.38% BNB - $592 +1.22% ZRO - $3.13 +10.54% ZK - $0.1825 +1.99% STRK - $0.743 +4.41% W - $0.351 +3.81% https://dropstab.com
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38
Parfin, a financial technology company, has created a new blockchain system to be used as a privacy solution for the Brazilian CBDC, drex. Rayls, the new blockchain, will offer the possibility of operating in a permissioned way and also linking itself to other public blockchains using Rayls Public Chain, a native Ethereum layer two L2. https://news.bitcoin.com/parfin-creates-new-blockchain-to-be-used-as-privacy-solution-for-brazilian-cbdc/
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39
The Federal Accounting Standards Advisory Board FASAB has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies CBDCs should be treated as monetary instruments. The federal authority claims that cryptocurrencies “do not typically possess all monetary characteristics,” emphasizing that they “are not effective as a unit of account, https://news.bitcoin.com/us-government-to-report-seized-crypto-as-nonmonetary-property/
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40
Bloomberg’s senior ETF analyst has reaffirmed his prediction of a July 2 launch date for U.S. spot ethereum exchange-traded funds ETFs after observing a surge in amended S-1 registration statement filings on Friday. U.S. Securities and Exchange Commission SEC Chairman Gary Gensler has indicated that spot ether ETFs will launch this summer, pending the SEC’s https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/
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Grass, an artificial intelligence Depin project, has announced the inclusion of Solana wallets as part of its ongoing rewards distribution process. Grass stated that this new addition will allow them to track the origin of each piece of scraped data and reward the node providing this info according to its relative value. AI Depin Project https://news.bitcoin.com/ai-depin-project-grass-to-implement-rewards-distribution-using-solana/
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PRESS RELEASE. Road Town, BVI, June 24, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of DED DED on June 24, 2024. Users of LBank Exchange can brace themselves for the DED/USDT trading pair, which will go live https://news.bitcoin.com/lbank-exchange-will-list-ded-ded-on-june-24-2024/
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Ark Invest CEO Cathie Wood says she plans to vote for Trump for US economy https://www.theblock.co/post/301370/ark-invest-ceo-cathie-wood-will-vote-for-trump
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Ethereum gas price has fallen below 2 Gwei minimum since 2020 https://etherscan.io/chart/gasprice
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Total losses from the Coinstats hack are ~$2 million https://x.com/narekgevorgyan/status/1804888083227124216
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Photo unavailableShow in Telegram
DELL founder Michael Dell has started actively mentioning BTC https://x.com/michaeldell/status/1804139932216078465
Show all...
Photo unavailableShow in Telegram
Pudgy Penguins and OverpassIP introduced Igloo https://x.com/IglooInc/status/1804595581207363816
Show all...
Photo unavailableShow in Telegram
The crypto market is down BTC Dominance - 53.57% Market Cap - $2.32T BTC - $62,863.48 -2.42% ETH - $3,403.29 -3.26% BNB - $576.1 -2.83% ZK - $0.1649 -9.38% ZRO - $2.71 -13.19% STRK - $0.696 -7.02% W - $0.336 -4.28% ARB - $0.7817 -3.86% https://dropstab.com
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Photo unavailableShow in Telegram
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Salvadoran government pushes a bitcoin banking bill, president Milei states bitcoin will compete with other currencies in Argentina, and the Wasabi Wallet lead dev declares that bitcoin developers “have failed” El Salvador. https://news.bitcoin.com/latam-insights-salvadoran-government-introduces-bitcoin-banking-bill-bitcoin-to-compete-with-other-currencies-in-argentina/
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Photo unavailableShow in Telegram
Pantera Capital, an institutional asset manager focused on blockchain technology, has called Solana the “Mac OS of blockchains” in its latest blockchain letter. The firm details that the rise of Solana over Ethereum is reminiscent of what Microsoft experienced when Apple entered the market, highlighting Solana’s growing retail adoption and architectural advantages. Pantera Capital States https://news.bitcoin.com/pantera-capital-calls-solana-the-mac-os-of-blockchains-highlights-architecture-benefits-and-growing-adoption/
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