BREAKING: SEC sued Consensys ⚖️

U.S. Securities and Exchange Commission sued blockchain software technology company Consensys. The regulator alleges Lido and Rocket Pool staking programs are securities (somehow) 🤨

The SEC is seeking injunctive relief, disgorgement of ill-gotten gains, and civil penalties from ConsenSys and individuals associated with it 💸

Tokens directly affected by this news: $LDO, $RPL

Governor of the Central Bank of New Zealand said: “It’s a great business to be in, central banking, where you print money and people believe it.”

And he is right, this business is the greatest scam in the modern world named "fiat money" 👇

How do banks earn their wealth? Do they use their own capital? Do they lend the savings of their depositors? No, neither of these was their major source of income. Instead, they waved the magic wand called "fiat money". "Money" that is created the moment it is borrowed and disappears when the debt is paid off 🪄

🤝 When banks give you credit, they aren't really lending you money. They are pretending to lend you money because they have nothing to lend. Even the money that non-indebted depositors have placed with them was created out of nothing in response to someone else's loan.

People everywhere are forced by law to accept these nothing certificates in exchange for real goods and services. It would be foolish to use them as a long-term store of value ❗️

#economy_tips

✅ The US regulator seems to be trying to file as many lawsuits as possible before the presidential election, and the market certainly doesn't like it

Channel FAQ 📌

💵 Recent posts on how to make money in crypto:

• Tap2Earn game Pixelverse

• TapSwap game

• Passive income in DeFi

Day summary:

🔸 Yield App has halted all activity on its crypto investment platform, admitting it had lost funds on the FTX collapse

🔸 Kraken co-founder Jesse Powell made a $1 million donation to Donald Trump’s election campaign

🔸 Google released its most powerful AI model, Gemini 1.5 Pro 🤖

🔸  U.S. SEC sued Consensys for offering securities

🔸 An app mimicking the legitimate Phantom wallet app in the Apple Store is reported to be malicious

🔸 Head of the IMF said that the U.S. Fed should wait to cut interest rates until “at least” the end of the year 

🔸 Influencer Logan Paul filed a defamation lawsuit against Coffeezilla for defamation ⚖️

🔸 Donald Trump's odds of winning the Presidential Election hit a new high of 67% after he won in a debate against Joe Biden

🔹 Prices:

🌐 Bitcoin - $60,250 (↓2.0%)
🔹 Ethereum - $3,377 (↓1.9%)
📉 S&P 500 - 5,460 (↓0.41%)
💲 DXY - 105.85 (↓0.05%)
🌕 Gold - 2,326 (↓0.04%)

Join our chat 🗯

Real 🥲

Top Play2Earn Telegram Games 💰

Telegram games are trending. Players gather resources, upgrade characters, and earn tokens that will be convertible to real money in the future.

Despite their popularity, many aren't aware of how many cool games there are 👇

• Hamster Kombat still has no tradable token — play

• TapSwap promoted by the founder of Telegram — play

• Pixelverse is a tap2earn game that is growing rapidly — play

• Catizen offers a new play-to-airdrop model and lets you do cat rental business — play

• City Holder is a promising city-building game in the early stages of development — play

• Gamee is a gaming platform with many mini-games you can choose from — play

📌 Save this post for later and share it with a friend!

#earn 🤑

We haven't reached the top yet 👀

A single channel of the Relative Strength Index indicator shows every macro bitcoin top and bottom during the last three bull markets 📊

As you can see, we have not yet reached the overbought level indicated by the red marker and according to this indicator we are in the middle of a cycle ⏳

Is USDT safe? 😳

The market capitalization of USDT is now more than $112 billion. The question of whether stablecoin issued by Tether is safe has been a topic of discussion for a long time.

Tether FUD has been going on for years, there are many articles questioning this company. Here are a few examples:

🗞 "Tether Is the most used stablecoin in illicit crypto flows"

🗞 "Tether has fast become the platform of choice for money laundering and fraud operations"

🗞 "BlackRock considers Tether a risk for its Bitcoin ETF"

Despite Tether's efforts to enhance transparency, there are ongoing concerns due to its lack of comprehensive audits by independent auditors 🔍

Adding to these worries, Tether is now facing increased pressure from U.S. authorities, with stablecoin regulations gaining momentum ⚖️

Given all these recent developments, do you think fears about Tether are justified? Vote in the poll under this post 👇

✅ The week started with Bitcoin falling off the $64k level and trading in the $60-62k range for six days. The market is extremely dull and much anticipated $ZK, $ZRO, and $BLAST coins performed pretty poorly after airdrop 🫤

🎮 Best Play-to-Earn Telegram games 👈

Weekly news digest:

💎 Crypto

🔸 German and the U.S. governments are likely selling BTC

🔸 Consumers' Research said that Tether (USDT issuer) is the new FTX

🔸 BNB Chain has committed $1 million to accelerate meme coin innovation within its ecosystem

🔸 ZKsync, Blast, and LayerZero airdrop claim went live 💸

🔸 Tether has announced the launch of a new asset called Alloy, an over-collateralized stablecoin backed by Tether Gold

🏦 Crypto exchanges

🔸 Crypto exchange Bitstamp delists EURT euro stablecoin due to new EU regulation
 
🔸 Uphold CEX announced it will remove the many popular stablecoins from its platform from 1 July
 
🔸 South Korean media reported that exchanges will inspect 600 tokens 
 
🔸 Nigeria’s Federal Inland Revenue Service filed dropped tax evasion charges against Binance’s head of financial crime compliance 

💵 Finances and Economy

🔸 Head of the IMF said that the U.S. Fed should wait to cut interest rates until “at least” the end of the year 
 
🔸 A military general said that the crypto game Hamster Kombat is part of the West’s “soft war” against Iran 🐹
 
🔸 Deutsche Telekom announced its plan to begin mining Bitcoin 

⚖️ Law and Order

🔸  The U.S. SEC sued Consensys for offering securities
 
🔸 Evolve Bank and Trust has agreed to a cease-and-desist order with the Federal Reserve

🔸 Brazil investigates foreign crypto accounts for tax evasion

🔸 For the first time, a jury in a federal criminal trial found that crypto is a security and that manipulating crypto prices is securities fraud 

 🗣 Personalities
  
🔸 Wikileaks founder Julian Assange has left the UK after reaching a deal with US authorities 

🔸 Former US President Donald Trump is in talks to speak at crypto conference Bitcoin 2024

🚀 Best performers of the week:

WIF - $2.15 (↑30.5%)
ENS - $28.56 (↑21.7%)
Kaspa - $0.1847 (↑18.7%)

Week starts with beautiful green candles, many altcoins are up double-digit percentages, while Bitcoin seems to be trying to get back to the $64k level which we failed to hold 7 days ago 📈

Sony Group acquires Amber Japan and officially enters the crypto exchange field. This new Sony venture follows Amber Group's acquisition of the Japanese crypto exchange DeCurret back in 2022 🛒

The Arkham team reported that after analyzing the wallet address of Ethereum co-founder Vitalik Buterin, they found that the total value of ETH currently held exceeds $800 million 💰

Roaring Kitty is facing a new class-action lawsuit over a recent spate of social media posts that saw the price of GameStop pump and dump from May to June. Lawyer says the case is likely “doomed” to fail ⚖️

🔹 Last 24 hours top 3 gainers:

Ethereum Name Service - $32.48 (↑29.29%)
LayerZero - $3.45 (↑27.20%)
dogwifhat - 2.29 (↑16.6%)

#GM

Top 10 Upcoming Token Unlocks in July 2024 🔓

With the top ten altcoin unlocks totaling $679.97 million, July is shaping up to be an exciting month.

As usual, unlocks by default are not a bullish event, it is the opposite - it increases the potential selling pressure and increases the market capitalization of the asset, so act accordingly 👇

• AltLayer (ALT) $122.79M
• Aptos (APT) $79.28M
• Uniswap (UNI) $77.88M
• Ronin (RON) $76.32M
• Arbitrum (ARB) $75.37M
• Sui (SUI) $70.16M
• ImmutableX (IMX) $50.13M
• Sei (SEI) $44.42M
• StarkNet (STRK) $44.16M
• Ethereum Name Service (ENS) $39.46M

#unlocks

You used to be able to eat more for less 🏷️

📈 Inflation is a general increase in the price of goods and services over time.

📉 Shrinkflation is the practice of reducing the size or quantity of a product without reducing the price.

Both lower your standard of living year after year, month after month

✅ A new month and a new week start immediately with a promising crypto market. Bitcoin failed to reach the $64k mark in the afternoon, but price retracement is negligible 🤞

Day summary:

🔸 SEC has filed a lawsuit against Silvergate Capital Corporation, a company behind bank that allegedly helped facilitate fraud at defunct exchange FTX

🔸 Sony Group acquires Amber Japan which owns Japanese crypto exchange 🇯🇵

🔸 The Arkham team reported that Ethereum co-founder Vitalik Buterin presumably owns > $800 million 

🔸 Roaring Kitty is facing a new class-action lawsuit over a recent GME price action

🔸 Circle announced that USDC and EURC are now available under new EU stablecoin laws 🇪🇺

🔸 The SEC has returned the S-1 forms to prospective Ethereum ETF issuers with light comments, asking them to fix the issues and refile

🔸 The U.S. Marshals Service has selected Coinbase Prime to take custody of and transact its crypto assets

🔹 Prices:

🌐 Bitcoin - $63,023 (↑1.9%)
🔹 Ethereum - $3,454 (↑1.3%)
📉 S&P 500 - 5,475 (↑0.27%)
💲 DXY - 105.82 (↓0.04%)
🌕 Gold - 2,331 (↑0.22%)

Join our chat 🗯

Sometimes a few green candles are all it takes to get you in the mood 😄

A market analyst shared this chart, which indicates that the market is about to move higher. The "cup and handle" is considered a bullish signal, with the right side of the pattern typically experiencing lower trading volume 📊

The German government appear to have moved an additional $94 million worth of bitcoin to the CEX, further signaling their potential intention to sell the assets 🔍

Digital asset investment products saw outflows totaling $30 million for the third consecutive week, with outflows slowing significantly last week 📉

Crypto mining company Northern Data is considering an initial public offering in the U.S. as early as the first half of next year, valuing the company at up to $16 billion ⛏️

A class-action lawsuit against Roaring Kitty alleging that Gill manipulated GameStop's stock price was dismissed 👨‍⚖️

🔹 Last 24 hours top 3 gainers:

Bonk - $0.00000261 (↑10.62%)
MultiversX - $31.84 (↑6.59%)
Beam - $0.018 (↑6.42%)

#GM

Bitcoin network hashrate indicates that it is time to buy 👀

Over the past few weeks, several indicators have suggested that the miners are beginning to capitulate, signaling potential buying opportunities for Bitcoin 🛒

The True Bitcoin Hashrate dips to December 2022 levels. The last time this value was so low and so fast the market started to rally 📈

Also, withdrawals by Bitcoin miners dropped by up to 90% after the halving, indicating that miner selling pressure has been minimized and that the final dip is probably very close or already happened ⛏

Millionaires are migrating like wild geese, except instead of flying south for the winter, this year they’re heading to the UAE, U.S., Canada, Singapore, and Australia 💰🏃‍♂️

The United Arab Emirates will attract the most millionaires in 2024, while China and the United Kingdom are expected to lose the most high-net-worth individuals.

This migration highlights economic shifts and new hotspots for the rich, showing where money and presumably luxury yachts are headed 🛳

✅ Bulls are worried, it seems that the market is not going according to plan and there are difficulties in reaching the $64 level, hopefully temporary 🥺

Recent compilation of the best Play-2-Earn telegram games 🕹

Day summary:

🔸 Robinhood said to consider offering crypto futures in U.S. and Europe

🔸 Crypto mining company Northern Data is considering an initial public offering in the U.S. 🇺🇸

🔸 The German government appear to have moved an additional $94 million worth of bitcoin to the CEX

🔸 Digital asset investment products saw outflows totaling $30 million for the third consecutive week

🔸 The True Bitcoin Hashrate dips to December 2022 levels ⚡️

🔸 The German government appear to have moved an additional $94 million worth of bitcoin to the CEX

🔸 A class-action lawsuit against Roaring Kitty was dismissed

🔹 Prices:

🌐 Bitcoin - $61,907 (↓2.0%)
🔹 Ethereum - $3,417 (↓1.3%)
📉 S&P 500 - 5,509 (↑0.52%)
💲 DXY - 105.69 (↓0.2%)
🌕 Gold - 2,329 (↓0.2%)

Traders begin to see the world differently 🥲

11 U.S. spot Bitcoin ETFs saw total daily net inflows of $129.45 million, marking their fifth consecutive day of positive flows and the largest intake since June 7 📈

Standard Chartered predicts that Bitcoin's price could reach a new all-time high in August, with a potential rise to $100,000 by the U.S. presidential election in November 🇺🇸

K33 Research expects Ethereum to outperform Bitcoin after the launch of U.S. spot Ether ETFs, boosting ETH's price all while Bitcoin may face selling pressure from $8.5 billion returned to Mt. Gox creditors 📉

In June, there were 90 publicly disclosed Crypto VC investment projects, a 41% decrease from May's 153 projects. The total fundraising amount was $680 million, a 31% drop from May's $990 million 💸

🔹 Last 24 hours top 3 gainers:

TRON - $0.129 (↑0.95%)
Toncoin - $7.91 (↑0.92%)
Cardano - $0.411 (↑0.75%)

#GM