Crypto News

📈 Crypto funds recorded an inflow of $1.44 billion last week.

📊 10 projects invested in by Binance that may launch tokens in the second half of this year Out of 30 projects launched on Binance Launchpool, 21 were funded by Binance Labs, indicating a high likelihood of token issuance and listing on Binance. 💬 Source: Colin Wu.

🔔 Rumors: China May Lift Bitcoin Restrictions This Year ⛔️ On X (formerly Twitter), information is circulating about a possible lifting of the cryptocurrency ban in China by the fourth quarter of 2024.

“If this is true, and I’m hearing about it for the second time in a few weeks, then this is a huge event. Does anyone have any insight?” commented Mike Novogratz, CEO of Galaxy Digital.

🛍 In South Korea, a proposal has been made to delay cryptocurrency taxation for three years due to concerns about investors moving to other jurisdictions. ❗️ If the proposal is adopted, the 20% tax will take effect in 2028. Initially, the initiative was planned to be implemented in 2022 but was later postponed to 2025. ✔️ Approximately 12.5% of the country's population used cryptocurrency last year, and the won surpassed the US dollar in trading volume in the first quarter.

🥸 Trump to Speak at Bitcoin Conference Despite Assassination Attempt Former U.S. President Donald Trump has confirmed his participation in the Bitcoin Conference in Nashville, despite a recent assassination attempt in Pennsylvania. The organizers have announced that they will enhance security measures. ✔️ BTC Inc. CEO David Bailey assured that Trump’s team is in good spirits and ready for the event.

“I spoke with Trump’s team, and he is in good spirits and eager to see you all in Nashville to deliver a speech that will be heard worldwide,” Bailey wrote on X.

🕯 Condolences to altcoin investors Analysts at K33 Research have clearly demonstrated how, after a successful first quarter, altcoins showed a decrease in market capitalization in the second quarter, almost entirely negating the gains made since the beginning of the year. 📉 Experts attributed this to risk reduction. Interestingly, the top 10 cryptocurrencies mirrored Bitcoin's performance, although many of the assets experienced significant price drops. For this, Solana and TON can be thanked.

🔥 Coinbase has announced the launch of a "super app" that will consolidate all the exchange's services and features on a single platform—from portfolio management to NFTs and DeFi positions. It operates on the web interface of Coinbase Wallet and allows interaction with multiple wallets simultaneously.

⚠️ In the past five years, about $100 billion worth of "dirty" cryptocurrency has been sent to exchanges However, about a third of this volume is attributed by analysts to sanctioned crypto services. The remaining volume is mainly associated with darknet markets, fraud, ransomware, and malware. ✔️ Stablecoins make up the majority of all "questionable" transfers relative to the crypto market as a whole. Most "dirty" cryptocurrency ultimately ends up on the five largest crypto exchanges, but criminals also use DeFi applications, gambling sites, crypto mixers, and cross-chain bridges for money laundering.

🐹 The Block interviewed the founders of Hamster Kombat. Key points: 📌 The team remains anonymous. They have experience in game development and blockchain. They have been in the industry since 2013; 📌 The creators were inspired by the success of Notcoin and the popularity of social media games in the 2010s (VK?); 📌 Meme culture also played a role, especially during the GameStop and Reddit era, when retail investors showed their strength to Wall Street; 📌 After the first airdrop, a second season of rewards is planned; 📌 The team intends to clean up bot referrals and ban those who manipulated the gameplay; 📌 The project aims to attract 1 billion users and develop it based on financial literacy principles and universal basic income.

‼️ Cryptocurrency always reacts sharply to loud political events Today's surge is no exception. There was an assassination attempt on Trump, resulting in the presidential candidate being wounded in the ear. 💥 A random tilt of his head saved Trump from death: the bullet passed very close and grazed his ear. 🔼 Donald’s chances of winning the election are soaring, Elon Musk openly supports Trump and calls him the president, and Bitcoin is back at $60k.