2024-07-08

Author

Fernando Fierro
July 08, 2024

Together with:

Howdy folks,

📉🔻 The crypto market took a nosedive this week, with nearly all top coins in the red. BNB and Ethereum led the decline, dropping over 10%, while Dogecoin, XRP, and AVAX weren’t far behind.

The lone survivor? Tron (TRX) managed a modest 3.5% gain, standing out in a sea of losses and raising questions about the market's stability.

In other news:

đź“…âś… The ETF Store President Nate Geraci predicts spot Ether ETFs could be listed within the next two weeks. Despite the SEC's approval in May, these ETFs have yet to hit the market.

If successful, they could drive more mainstream acceptance of Ethereum, though some experts predict they may not match Bitcoin ETFs' popularity.

đź•‘đź’µ Taiwan has no set timetable for launching its digital currency (CBDC). Despite four years of development, the central bank cited the project's complexity and plans to hold public hearings next year.

This pause highlights the challenges in integrating a new digital currency into the existing financial system.

🇩🇪📊 German MP Joana Cotar is pushing for a clear Bitcoin strategy amid recent government sell-offs. She criticized the sales as senseless and called for Bitcoin to be held as a strategic reserve.

Her continued advocacy may be influencing policy, as the government recently bought back a significant amount of Bitcoin.

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AI, GPU Marketplace & Datacenter Launching Soon. 35,000+ On-Chain Holders & Ranked as Most Popular Launchpad by CryptoRank.

DailyCoin Daily Meme

Second-Largest Bitcoin (BTC) Liquidation Event Rocks Crypto

Is the Bitcoin bloodbath the second-largest liquidation ever? Dive into DailyCoin's data-driven analysis to find out. Read more on DailyCoin.

Tornado Cash Dev Roman Storm Seeks Trial Date Continuance

Roman Storm’s lawyers have filed a request to postpone the date of his criminal trial from September this year to “late January or February” 2025.

Binance & Gambaryan Defense Adjourned Yet Again as Officials Drag Their Feet

The case against Binance and Tigran Gambaryan has been adjourned, even as officials continue to ignore court orders at the risk of the latter's health.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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