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AFP data shows that Aussies have reported $382 million in investment scam losses in the 2023-24 financial year, with almost half involving crypto 🗒️
Data reveals 60% of scam victims are under 50, defying common beliefs.
Read the full story 👉 https://bit.ly/3XotOtW
US Spot Bitcoin ETFs could soon match Satoshi Nakamoto's holdings, amassing 921,540 BTC; top funds like BlackRock and Co. make up 4% of total BTC supply. 📈
Leading Bitcoin funds include BlackRock’s IBIT and Grayscale’s GBTC
Read more 👉 https://bit.ly/3yMfWR
Shiba Inu plans to launch a DAO to transfer project governance to its community.
The DAO release date is pending, but it will likely integrate with existing Shibarium ecosystem apps and tokens.
Read the full story 👉 https://bit.ly/474zJrF
The Federal Court ruled that Bit Trade, Kraken Australia's operator, violated the law by offering its margin extension product without necessary declarations.
ASIC plans to seek financial penalties against Bit Trade in the future.
Read more 👉 https://bit.ly/3Z1K5Gy
You may not like it, but SunPump is pumping while Justin Sun promotes the platform on his social media.
Over 30,795 tokens have been created on SunPump, a significant rise from 7,000 in its first three days.
Read the full story 👉 https://bit.ly/3AE2a3p
Cardano is entering its final roadmap phase, the “Voltaire” era, marked by the upcoming Chang hard fork. ⬆️
The hard fork will establish a treasury to fund development and community projects, ensuring sustainable growth.
Read more 👉 https://bit.ly/3SZPXfA
Over half of the top 25 hedge funds now include a spot BTC ETF in their portfolios as they deepen their involvement in the crypto industry.
The biggest holder, Millennium Management, owns more than US $1b in BTC on behalf of its clients.
Read the full story 👉 https://bit.ly/46UEpA6
The Australian Securities and Investment Commission has put the hammer down on investment scams ⚖️, taking down approximately 20 websites a day – with crypto making up a small portion of the platforms removed.
Read more 👉 https://bit.ly/3yBPqd4
A significant pension fund in Norway has ramped up its Bitcoin exposure in 2024, although analysts say the increase is likely unintentional.
Vetle Lunde, an analyst at K33 says the increase is still a positive sign for Bitcoin
Read the full story 👉 https://bit.ly/3YQJrvx
The GameFi industry is seeing a renaissance thanks to Telegram’s minigame boom – so Tapping into Crypto hosts Ted Coaldrake and Pav Hundal sit down to discuss where to from here.🎙️
Read more 👉 https://bit.ly/4fIYwoR
Australian market regulator ASIC is suing the ASX for claiming its failed blockchain project to replace CHESS was on track when it was actually in disarray. ⚖️
ASIC has not determined what penalty it will pursue against ASX, but it has been reported the maximum penalty could exceed AU$500 million.
Read the full story 👉 https://bit.ly/3SKl6n5
💲Over 1 million Bitcoin addresses now hold 1 BTC or more, while institutions and ETFs account for 10% of BTC supply, driving market adoption.
US Bitcoin ETFs, especially BlackRock’s IBIT and Fidelity’s FBTC, hold a substantial 2.5% of all BTC.
Read more 👉 https://bit.ly/4fBsL0W
Major cryptos gain with Sui excelling with a 70% weekly rise following Grayscale's fund news and positive sentiment. 📈
Grayscale’s announcement of single-asset funds for Sui boosts its price as Raoul Pal praises Sui’s market strength.
Read more 👉 https://bit.ly/3Aogxsz
BlackRock's IBIT and Fidelity's FBTC funds hold 2.5% of all Bitcoin, totalling over US$30 billion in value. 💰
IBIT holds 347,766.96 BTC worth US$20.32 billion, doubling the BTC count of Fidelity’s FBTC. 💲
Read the full story 👉 https://bit.ly/4dItgER
Putin signed a law allowing crypto mining in Russia 📝, with specific rules and Bank of Russia oversight to protect financial stability.
💲The law enables crypto as a form of payment in foreign exchange and allows the Bank of Russia to create an electronic platform for crypto transactions while retaining the authority to ban risky activities.
Read more 👉 https://bit.ly/46HuiOT
Brazil approves a pioneering Spot Solana ETF, set to trade within 90 days, despite mixed feelings in the US about altcoin fund prospects. ✅
The ETF, issued by QR Asset and managed by Vortx, emphasises Brazil’s role as a leader in regulated crypto investments.
Read the full story 👉 https://bit.ly/3SHXrE5
The Japanese Nikkei 225 recorded its biggest daily gains in recent memory, soaring more than 10% as the market recovered from Monday’s cataclysmic crash.
Meanwhile, prominent Japanese tech company Metaplanet is snapping up Bitcoin at a discount.
Read more 👉 https://bit.ly/4fDJlgT
Despite falling TradFi and crypto markets, Australia’s first ETF to directly hold Bitcoin, Monochrome’s IBTC has maintained net inflows. 📉
According to Monochrome CEO, Justin Yew, yesterday marked a daily trading volume record for IBIT with the day ending with net inflows to the fund.
Read the full story 👉 https://bit.ly/4cv2BKN
A global anti-scam initiative, led by the AFP in Australia, has identified more than 2,000 compromised crypto wallets belonging to Aussies.
According to the AFP, globally more than AU$4 billion has been lost to ‘approval phishing’ scams since 2021.
Read more 👉 https://bit.ly/3WRoOOy
Coinbase and Crypto.com continue to dominate market share for USD-based exchanges, with the latter claiming the top spot for July.
Read more 👉 https://bit.ly/3SwTulo
Tucker Carlson has endorsed Bitcoin, stating that it doesn’t matter who created it because BTC is a revolutionary technology that could shape the financial landscape.
Read the full story 👉 https://bit.ly/3A8ge53
Australia’s first spot Bitcoin ETF, The Monochrome Bitcoin ETF (IBTC) has just ticked over 100 BTC under management.
Seeing immense growth in the past two months, with holdings exploding from 17 BTC to over 100 in less than eight weeks. 📈
Read more 👉 https://bit.ly/3ykBTpW
DigitalX has enlisted the support of global crypto business Coinbase to manage Bitcoins sold via the team’s ASX-listed BTC ETF. 💰
Read the full story 👉 https://bit.ly/3YrvT9w
HSBC Australia halts outbound payments to cryptocurrency exchanges, effective 24 July 2024. 📅
The bank cites scam-related losses and the irreversible nature of crypto transactions as reasons.
Read the full story 👉 https://bit.ly/3zU0279
Atari has branched into the GameFi sector in collaboration with Coinbase’s Ether L2 solution, Base.
The team is launching a blockchain-hosted version of retro arcade game Asteroids, with plans of more to come.☄️
Read more 👉 https://bit.ly/3LI0Q1L
Analysis conducted by cryptocurrency exchange Kraken has found that Australian crypto investors are way ahead of the curve when it comes to embracing new memecoins. 🐸🐙
Read more 👉 https://bit.ly/3xZL9zS
A University of Queensland study has identified an urgent need for high quality, online information from trustworthy sources to help educate investors on the risks of cryptocurrency and combat the rise in crypto scams. 📚
Read the full story 👉 https://bit.ly/3Wphzfk
Gary Gensler, the head of the US Securities and Exchange Commission (SEC), usually criticised for his harsh view on crypto, may leave the SEC early if Trump is elected. 🇺🇸
Read more 👉 https://bit.ly/3zLYXhF
Ryan Selkis announced his resignation as CEO of crypto analytics firm Messari on X on Friday, following a week in which he posted inflammatory political messages. 🧑💻
Read the full story 👉 https://bit.ly/4fbFGqg
US-based cryptocurrency exchange, Kraken, has rolled out its institutional digital asset custody solution, Kraken Custody, in Australia and the UK as part of their global expansion plans for institutional custody solutions. 🐙
Read more 👉 https://bit.ly/4bPJVVm
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