The Genesis Block

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/

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/

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/

**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.

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/

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/

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/

🪙 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🌐

Top 5 Daily Gainers & Losers ✈️@CryptoWorldNews🌐

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/