Bitcoin falls back in line almost immediately after closing the weekend's CME futures gap near $26,500.

(Nikhilesh De/CoinDesk)

(Ripple Labs)

Binance.US has submitted its defense before the June 13 hearing to determine the freezing of its funds. Binance.US criticized the Securities and Exchange Commissions (SEC) motion for a temporary restraining order, describing it as draconian and unduly burdensome. 

The exchange also voiced opposition, arguing that the proposed measures would place excessive restrictions and effectively end its business.

Notably, the hearing on the restraining order will take place in the US District Court for the District of Columbia on June 13 before DCJ Amy Berman Jackson.

Closure Of BAM Trading Services Inc. Would Harm Customers And Inhibit The Defense, Binance.US

In a recent opposing motion, Binance.US expressed that implementing the restraining order would result in the closure of BAM Trading Services Inc., the entity responsible for providing crypto trading and exchange services for Binance.US.

The requested relief would primarily harm BAMs customers, effectively put BAM out of business, and prevent BAM from defending itself in this litigation, said the company.

Binance believes operations would quickly grind to a halt without the ability to pay its employees and professionals in the ordinary course of business, and BAM would be unable to even fund its defense to this action.

Binance.US notably criticized the regulators approach in pursuing legal action, asserting that the US SEC failed to identify any security trading on BAMs platform, causing all of the SECs claims to fail.

In addition, Binance.US stated that it had actively engaged in cooperation with an ongoing SEC investigation that commenced on December 20, 2020.

The filing reveals that as a result of this investigation, Binance.US has provided over 700,000 individual communications and specific data related to its day-to-day operations.

This statement suggests that the company has shown efforts to be transparent and responsive to the SECs inquiries. It also indicates a willingness to comply and provide the necessary information during the investigative process.

SEC Accuses CZ Of Moving $12 Billion In Funds And Seeks Asset Freeze

On June 5, the US SEC made a significant move by filing 13 charges against Binance e...

Guy Fieri (L) and Sammy Hagar (R). (Santos Spirits)

Swift, the interbank payments network, has enlisted a dozen world-class institutions and Chainlink to fix blockchains interoperability deficit.

Hinman risked contradicting himself over the statement Ether isnt a security, unsealed SEC internal discussion documents show.

Real Bedford is moving up in the leagues and gaining followers worldwide through owner Peter McCormacks love of Bitcoin.

(Shutterstock)

U.S. Securities and Exchange Commission (Jesse Hamilton/Coindesk)

Uniswap booth at ETHDenver 2023 (Danny Nelson/CoinDesk)

The decentralized social media app called it a watershed moment for peer-to-peer transactions and claimed it would affect many other platforms with similar features.

On-chain data shows that Chainlink (LINK) whales have become quite active in recent days, a sign that may be bearish for the assets price.

Chainlink Whale Transactions Have Shot Up In Number Recently

According to data from the on-chain analytics firm Santiment, whale transactions hit a 2023 high just as the price dipped toward the $5 mark. The whale transaction count is an indicator that keeps track of the number of Chainlink transfers taking place on the blockchain that involve the movement of tokens worth at least $1 million in value.

When the value of this metric is high, it means that there are a large number of sizeable LINK transactions occurring on the network right now. Generally, transfers worth more than $1 million are thought to be coming from the whales, so this kind of trend can be a sign that the whales are active currently.

On the other hand, the low values of the indicator imply the whales arent making that many moves at the moment. As whale transactions are quite large in scale, a lot of them happening at once can cause fluctuations in the market. Thus, a lack of them happening (that is, low values) can result in a more stable market.

Now, here is a chart that shows the trend in the Chainlink whale transaction counts over the last few months:

As displayed in the above graph, the Chainlink whale transaction count saw a couple of spikes during the last week or so. This would hint that whales of the cryptocurrency may have been actively trading in this period.

These high values of the indicator took place simultaneously with the assets price sliding down and hitting a three-year low of around $5, implying that at least some of the transactions may have been made for selling-related purposes.

Interestingly, the whale activity continued to remain elevated even after the coin hit its $5 local bottom and saw a rebound. In fact, the largest of the metrics spikes, which set a new high for the year 2023, came just as Chainlink bottomed out.

The timing of this extreme elevation in the whale transactions may be a sign that some of these humongous investors saw the dip as a profitable buying opportunity and participated in some accumulation, leading to the price being able t...

Bitcoin's market dominance index has failed to sustain above 50% since April 2021 so will this time be any different?

(Getty Images)

eToro

This is an opinion editorial by Dr. Riste Simnjanovski, a tenured professor of public administration with California Baptist University.

Vinyl records should be obsolete, however Jack White, Ben Blackwell and Ben Swanks Third Man Records continue to press on, literally.

Dedicated media channels featuring content creators such as Teddy Baldassarre, a YouTuber who mostly reviews analog wrist watches, likewise, shouldnt be approaching 1 million subscribers.

White, Baldassarre and many others continue to rage against a digitized world with grace and cult followings.

Bitcoin, while being a digitized software protocol, implements one of the most elegant solutions to security in this same vein an offline, analog, seed phrase. In fact, many seed phrases are stored on pieces of paper, carved and/or stamped into pieces of metal or are typewritten with vintage typewriters.

Even Bitcoin Magazine, while having a massive online presence, sells out of their physical publications.

The analog aspect of humanity isnt a trend analog defines us.

For many, something deeper occurs when they place a record onto a player. The act of moving a physical arm, which houses a delicate needle onto pressed vinyl, and then hearing the scratches, pops and subtle noises of the system at work is not listening, its feeling.

Similarly, the physical task of manually winding a watch involves touch. The act of twisting the crown provides feedback to not only the fingers, but the ears as well. Some even might argue, the heart is engaged. In regard to wearing an automatic watch, some owners can feel the rotor within the micro-mechanical system as it spins on their wrist.

Improbable Correlations, Experiments And Errors

The earliest mechanical (automatic) watch dates back to the early 1500s. A spherical timepiece that, when manually wound, ran for upwards of 16 hours.

The piece, which was reported to have been created by horologist Peter Henlein (a German clockmaker) for Philipp Melanchthon (the patron), was accurate to the nearest half hour.

Within 100 years, Galileo Galilei was tinkering with the concept of pendulum clocks; however, while Galileos sketches illustrated a profound interest in the potential of creating a pendulum clock, he...

The eagerly awaited Hinman documents in the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) have been published today! After the XRP price initially reacted moderately, the altcoin experienced a rise of about 6% at the time of writing.

Just yesterday, Ripple CEO Brad Garlinghouse said that the Hinman docs will be worth the wait. He was alluding to their potential importance of the documents for the ongoing legal battle. And XRP investors seem to agree with him, although not all community members are euphoric.

Ripple Vs. SEC: This Is What The Hinman Docs Reveal

Bill Morgan, a popular lawyer in the XRP community, declared that Stuart Alderoty (Ripples Chief Legal Officer, CLO) and Brad Garlinghouse were not exaggerating. According to him, #Ethgate is alive and kicking after all.

The documents reveal that Bill Hinman, the former director of the Division of Corporation Finance at the SEC, involved Ethereum founder Vitalik Buterin before his notorious speech in which he classified ETH as a non-security.

In the run-up to his speech, Hinman called Buterin to confirm how Ethereum operates. The SECs internal documents also reveal that on May 31, 2018, opposition grew within the SEC to the recommendation to classify Ether with Bitcoin as a non-security.

On June 4, Hinman shared a draft of his speech with the commissions division directors. The document reveals that Hinman was planning his call with Buterin later that week.

Nevertheless, the SECs Office of General Counsel (OGC) suggested deleting the mention of ETH in the draft. The OGC was concerned about the difficulties it would face if it took a different position on Ether in the future. As is well known, Hinman disobeyed this directive and made ETH a focal point of his speech.

This is one reason why respected XRP community member Mr Huber is rather disappointed. According to him, the emails are a nothing burger. They only prove that Hinman was persistently warned to avoid any references to Ethereum to avoid market confusion.

Despite these warnings, Hinman not only neglected this advice and even doubled down, focusing his entire speech on giving ETH a regulatory monopoly. Such a clumsy director, writes Mr Huber, who is one of Bill Hinmans biggest critics and accuses him of conflicts of interest.

But lawyer Bill Morgan also sees arguments that help Ripple in its defense against the SEC. For example, the lawyer discovered several passages in the Rule 56.1 statement that speak particularly in favor of Ripples fair notice defense.

Several SEC communications...

The U.S. is currently working on stablecoin market regulations, introducing three drafts of the bill by the first week of June.

UK Minister Andrew Griffith (Camomile Shumba/CoinDesk)

Chain of Demand CEO AJ Mak (Chain of Demand)

Sturdy Finance founder Sam Forman said the company will not pursue the issue any further if the hacker accepts the offer and returns the remaining funds.

One community member described the salaries as insanely out of touch, while another Twitter user accused those who established the rates of being disconnected from reality.

Solana (SOL) made headlines recently after being labeled as a security by the US Securities and Exchange Commission (SEC). As a result, SOL is facing challenges in its price movement. 

In light of this regulatory setback, investors closely monitor SOLs performance. According to CoinMarketCap, SOL is currently priced at $15.45, sustaining a seven-day slump of 23.13%. 

As the market remains uncertain, one wonders: Will Solana be able to recover from its recent downturn and regain its upward momentum?

SOL Faces Steep Decline As Support Levels Are Breached

The past week has been challenging for Solana (SOL) as it experienced a significant decline, causing it to breach the crucial support zone ranging from $16.7 to $18.8.

This downward spiral was initiated by a weekend slump that coincided with Bitcoins (BTC) retest of $25,000. As SOL dropped below both the trendline resistance and Marchs low of $16, it shifted into a bearish bias.

For SOL to regain bullish momentum, it heavily relies on Bitcoin surpassing $26,600 and successfully crossing the $27,000 threshold. However, without this upward movement, the bulls could face challenges in clearing the confluence area situated near $17, which combines bullish order book support and trendline resistance. 

A potential rejection at this critical juncture may trigger a further decline in SOLs price, potentially leading...

The Bitcoin community helped Ugandas Brindon Mwiine travel to BTC Prague after winning tickets for his adoption efforts in East Africa.

Decentralized network diagram (Shutterstock)

(Joa70/Pixabay)

The Bitcoin and crypto market may have received yet another bullish narrative from China. As reported by Bloomberg, the country is mulling a major stimulus package to kick-start an economic recovery following the rebooting of the economy after the restrictive Corona measures.

In light of Hong Kongs recent opening to cryptocurrency trading by retail investors, a new bullish narrative is therefore emerging, as renowned expert Lex Moskovski explained via Twitter. According to him, the Chinese stimmies could go directly into unregistered securities (allusion to the classification of altcoins by SEC chairman Gary Gensler).

Chinese stimmies going into your unregistered securities.

Heres your bullish narrative. https://t.co/HjaB3fliC3

Lex Moskovski (@mskvsk) June 13, 2023

China Mulls Stimulus Package

According to the report, China is considering a comprehensive package of stimulus measures as pressure mounts on Xi Jinpings government to revive the second-largest economy. Anonymous sources claim the proposals include at least a dozen measures to support areas such as real estate and domestic demand.

A particular focus is reportedly on Chinas beleaguered real estate market, which is to be a key part of the package. Chinese regulators reportedly want to lower the cost of outstanding residential mortgages and boost lending by the countrys policy banks to ensure that homes are delivered.

In addition, interest rate cuts by the Peoples Bank of China (PBOC) are also said to be under consideration. Speculation on this already arose recently after the central bank unexpectedly cut its seven-day reverse repo rate.

However, it is important to stress that the stimulus plan has yet to be finalized and could therefore be subject to change. Nevertheless, Chinas State Council could discuss the measures as early as this Friday. Still, it is unclear when they will be announced or implemented, the report states.

What Impact Could The Package Have On Bitcoin And Crypto?

While investors in the broader financial market are likely to welcome the Chinese authorities plans, much will depend on the final scope and composition of the stimulus measures to assess the extent to which Bitcoin and crypto may also benefit from the stimulus package.

Nevertheless, the package and Hong Kongs recent opening on June 1st are an interesting development with regard to cryptocurrencies. The liberal Hong Kong is considered a gateway for wealthy Chinese to invest in foreign assets....

Rockstar believes that as more quality Bitcoiners join, support, communicate and collaborate, Bitcoin will continue to rise.

XRP, Ripples native cryptocurrency, is now experiencing a surge of optimism as funds continue to flow, even in the face of a recession-hit industry. Despite the challenges and uncertainties that have plagued the crypto market, XRP has managed to stand out, capturing the attention of investors and enthusiasts alike. 

But what exactly is fueling this impressive growth? Why is XRP able to maintain its momentum while others struggle?

And, perhaps most importantly, what does the future hold for this resilient cryptocurrency?

XRP Secures Promising Investment Inflows

In a notable development, XRP has successfully attracted a surge of promising investment inflows, as evidenced by the latest report from CoinShares. 

Investment products focused on XRP have seen a significant milestone being reached, with an astonishing half a million dollars invested in the past week alone, continuing the positive trend observed in the previous week. This brings the cumulative inflow since the beginning of 2023 to an impressive total of $4 million.

The positive investment inflows have had a tangible impact on the price of XRP, which has responded with remarkable upward momentum. CoinMarketCap reports XRPs price at $0.53, indicating a noteworthy 2.9% rally in the past 24 hours. This price surge showcases XRPs resilience amidst the challenging landscape of the cryptocurrency market. 

Furthermore, over the course of the last seven days, XRP has experienced an impressive climb of 3.3%, solidifying its position as a promising digital asset dur...

Hong Kong skyline (Ruslan Bardash/Unsplash)

Bitcoin pitch invasion! A new Cointelegraph video examines a local soccer clubs impact on its town and national Bitcoin adoption.

Bitcoin has plenty of resistance levels to deal with as CPI starts a major macro week for risk asset markets.

eToro logo (eToro)

Samson Mow, the CEO of Jan3, spoke with Cointelegraph about the current state of Bitcoin and why hes bullish for the future.

Attackers behind earlier this months $35 million exploit of crypto wallet Atomic Wallet are moving stolen funds via OFAC-sanctioned exchange Garantex. (Clint Patterson/Unsplash)

The world of cryptocurrencies is constantly growing, with more and more altcoins emerging every day. For experienced and novice traders alike, finding the right platform for trading these digital assets is crucial. One such platform is MEXC, a popular altcoins exchange that has gained traction in recent years. In this comprehensive review, we delve into the ins and outs of this powerful platform, examining its features, pros, and cons, as well as comparing it to some alternatives.

MEXC: An Overview

MEXC is a Singapore-based altcoins exchange that was established in 2018. Over the years, it has rapidly expanded its offerings, now boasting over 1,600 cryptocurrencies and a global user base of more than 10 million. The platform provides users with a wide array of trading options, including spot, margin, and futures trading, as well as various staking services. Furthermore, MEXC has obtained key licenses in several countries, such as the United States, Canada, Australia, and Estonia, enabling it to operate in strict jurisdictions.

Key Features of MEXC

MEXC prides itself on offering a multitude of features to cater to the diverse needs of its users. Some of the standout aspects of this altcoins exchange include:

• A vast selection of over 1,600 cryptocurrencies, providing ample trading opportunities for users
• Multiple trading options, including spot, margin, and futures trading, as well as leveraged ETFs
• High liquidity and trading volume, ensuring smooth and efficient transactions
• No mandatory KYC (Know Your Customer) requirements for basic trading, allowing users to maintain their privacy
• A user-friendly mobile app for Android and iOS devices, enabling seamless trading on-the-go
• Staking services for numerous cryptocurrencies, letting users earn passive income
• An affiliate program, offering lucrative rewards for referring new users to the platform

Pros and Cons of MEXC

As with any exchange, MEXC has its own set of advantages and disadvantages. Heres a quick look at the key pros and cons:

Pros

• A large assortment of over 1,600 cryptocurrencies, catering to diverse trading interests
• Several trading options, such as spot, margin, and futures tr...

(Christal Yuen/Unsplash)

(Yuichiro Chino / Getty Images)

In the midst of a volatile cryptocurrency market, Floki Inu (FLOKI) has managed to defy expectations and become a symbol of optimism for investors. While altcoins face the challenges of a recession triggered by the Securities and Exchange Commissions actions against major cryptocurrencies in the US, the meme coin sector is struggling with declining capitalization, sinking further into uncertainty.

However, against all odds, FLOKI has kept its steady bearing and rise above the chaos, proudly glowing in green on todays trading charts.

As the cryptocurrency world grapples with regulatory hurdles and market volatility, FLOKI remains steadfast, capturing the attention of investors and defying the prevailing negative market sentiment. 

Floki Inu (FLOKI) Surges Amidst Meme Coin Downturn

In the midst of a recent collapse in meme coins, Floki Inu (FLOKI) has experienced a noteworthy 24-hour rally of 5.17%. This surge has propelled its price on CoinMarketCap to $0.00002218. Furthermore, the trading volume for FLOKI has reached an impressive $10,059,314 in the last 24 hours, catapulting it to the fifth position among the most traded meme coins.

In stark contrast, its competitors, including popular coins such as Dogecoin (DOGE) and Shiba Inu (SHIB), have been experiencing declines, with their market caps diminishing by 0.5% to 1%.

Amidst the current downturn in meme coins, FLOKI has emerged as a standout performer, attracting attention and trading activity while its counterparts falter. This unexpected surge showcases the resilience and potential of FLOKI, demonstrating its ability to rebound and generate renewed interest in an otherwise challenging market environment.

...

South Korea flag (Daniel Bernard/ Unsplash)

Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)

Binance.US has lodged its defense ahead of the June 13 hearing on whether its funds will be frozen.

The 2018-era Gensler appeared much more lenient towards certain cryptocurrencies, including Ether.

Ripples token price is rising above the $0.52 resistance against the US Dollar. XRP price is trading in a bullish zone while ADA, BNB, and other altcoins bleed.

• Ripples token price is holding gains above the $0.500 resistance against the US dollar.
• The price is now trading above $0.515 and the 100 simple moving average (4 hours).
• There is a key bearish trend line forming with resistance near $0.535 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
• The pair might continue to rise if it clears the $0.545 and $0.550 resistance levels.

Ripples Token Price Holds Ground

In the past few days, Ripples XRP saw a downside correction from the $0.540 resistance against the US Dollar. It dipped below the $0.52 support zone and saw bearish moves, similar to Bitcoin and Ethereum.

However, the bulls were active near the $0.475 zone. A low was formed near $0.4752 and the price is now rising. It trimmed most of its losses while ADA and BNB were tumbling. XRP surpassed the 50% Fib retracement level of the downward move from the $0.5411 swing high to the $0.4752 low.

XRP price is now trading above $0.515 and the 100 simple moving average (4 hours). It is testing the 76.4% Fib retracement level of the downward move from the $0.5411 swing high to the $0.4752 low.

Source: XRPUSD on TradingView.com

Initial resistance on the upside is near the $0.535 zone. There is also a key bearish trend line forming with resistance near $0.535 on the 4-hour chart of the XRP/USD pair. The first major resistance is near the $0.545 level. A successful break above the $0.545 resistance level might send the pr...

The lawsuit, initially filed on May 9, alleges the firm and its CEO was involved in a price manipulation scheme tied to the TerraUSD stablecoin.

Ethereum price is attempting a recovery wave above the $1,740 level against the US Dollar. ETH could rise steadily if there is a move above the $1,780 resistance.

• Ethereum is still below the $1,780 and $1,800 resistance levels.
• The price is trading below $1,780 and the 100-hourly Simple Moving Average.
• There was a break above a major bearish trend line with resistance near $1,740 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could recover if there is a move above the $1,780 and $1,800 levels.

Ethereum Price Forms Support Base

Ethereums price settled below the $1,775 and $1,780 resistance levels. ETH tested the $1,720 zone and is currently forming a support base, similar to Bitcoin.

A low is formed near $1,718 and the price is attempting a recovery wave. The price is slowly moving higher above the $1,740 level. There was a break above a major bearish trend line with resistance near $1,740 on the hourly chart of ETH/USD.

Ether is now testing the 23.6% Fib retracement level of the main drop from the $1,854 swing high to the $1,718 low. However, it is still trading below $1,780 and the 100-hourly Simple Moving Average.

Immediate resistance is near the $1,770 zone and the 100-hourly Simple Moving Average. The next major resistance is near the $1,785 level. It is close to the 50% Fib retracement level of the main drop from the $1,854 swing high to the $1,718 low.

Source: ETHUSD on TradingView.com

A proper move above the $1,770 and $1,785 resistance levels might send Ether toward $1,820. The next resistance sits near $1,850, above which Ethereum could rise toward the $1,880 level. Any more gains above the $1,880 resistance zone might send the price toward the $1,920 resistance.

...

Stolen loot crypto from Atomic wallets has started passing through sanctioned Russian-based exchange Garantex, according to blockchain security firm Elliptic.

Bitcoin price is consolidating above the $25,500 support. BTC could start a fresh increase if it settles above the 100 hourly SMA and $26,150.

• Bitcoin is slowly moving higher from the $25,500 support zone.
• The price is trading below $26,000 and the 100 hourly Simple moving average.
• There was a break above a major bearish trend line with resistance near $25,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start a recovery wave if there is a move above the $26,150 resistance.

Bitcoin Price Eyes Recovery

Bitcoin price formed a base above the $25,400 support zone. BTC is now consolidating and slowly moving higher above the $25,650 level but it faces many hurdles.

The bulls were able to push the price above the 50% Fib retracement level of the recent decline from the $26,200 swing high to the $25,620 low. Besides, there was a break above a major bearish trend line with resistance near $25,900 on the hourly chart of the BTC/USD pair.

Bitcoin price is now testing $26,000 and the 100 hourly Simple moving average. It seems to be facing resistance near the $26,000 zone or the 61.8% Fib retracement level of the recent decline from the $26,200 swing high to the $25,620 low.

The first major resistance is near the $26,150 level. A clear move above the $26,150 resistance might start a fresh increase. The next major resistance is near the $26,500 level. A close above $26,500 might start a move toward the $26,500 resistance zone.

Source: BTCUSD on TradingView.com

The next key resistance is near the $26,800 level, above which Bitcoin might rise toward the $27,000 resistance. Any more gains above the $27,000 resistance zone might send the price toward the $27,500 resistance zone....

The United Nations wants to address AI-generated fake news and information as the organization looks to bring in voluntary guidelines for the technology.

Emin Gn Sirer says the United States won the first wave of the internet revolution because it enabled responsible innovation. Now, it must do the same with blockchain.

Brad Garlinghouse hinted that the eagerly awaited Hinman documents, which detail internal deliberations by Securities and Exchange Commission staff, could tip the court battle in Ripples favor.

(Danny Nelson/CoinDesk)

The firm said it remains a supporter of the crypto sector and suggested that the move was purely to avoid any potential regulatory non-compliance.

(Mark Duffel/Unsplash, modified by CoinDesk)

CZ aka Changpeng Zhao CEO of Binance at Consensus Singapore 2018 (CoinDesk)

(Shutterstock)

Former SEC enforcement co-director George Canellos reportedly joins the Binance.US legal team as the firm faces challenges to keep its assets unfrozen.

According to Polygon Labs, Polygon 2.0 will enable users to create, exchange and program value on the internet.

A U.S. court has dismissed the lawsuit filed by BitGo against Galaxy Digital in relation to a failed merger previously agreed to in 2021.

In the companys response to the terminated merger agreement, BitGo had alleged that Galaxy Digital failed to uphold their end of the bargain, saying the company intends to hold Galaxy Digital legally responsible for its improper decision to terminate the merger agreement, with a lawyer representing the company adding that Either Galaxy owes BitGo a $100 million termination fee as promised or it has been acting in bad faith and faces damages of that much or more.

At the time of termination, Galaxy Digital cited BitGo's failure to deliver audited financial statements for 2021 that complied with the requirements of the agreement. According to court documents released June 9, this was a valid basis for the decision to end the merger, and it effectively voided the termination fee.

Were pleased with the courts decision to dismiss BitGos claims, A statement made by Galaxy Digital on Twitter read. Now is the time for all of us to work together and focus on the task at hand: Upgrading the global financial system in a manner that promotes innovation and protects investors and consumers alike.

Just last week, it was announced that BitGo reached a preliminary agreement to acquire its primary U.S. competitor, Prime Trust. Although the details of that merger have not yet been made public, the industry had widely speculated in recent days that Prime Trust faced financial troubles. As such, the agreement has been seen as a relatively good thing, avoiding what many thought may be a coming failure of another large firm.

Canadas largest university is the third in the country to partner with Ripples University Blockchain Research Initiative.

Bitcoin daily price indicator (CoinDesk)

(Shutterstock)

Last Saturday, over 500 people gathered in the Argentine Polo Field to create the largest human in the world in celebration of the 10th anniversary of NGO Bitcoin Argentina. The event aimed to showcase the technology's ability to mobilize people in defense of monetary freedom, privacy, and other values of the cryptocurrency ecosystem. The human , sitting at a massive 40 meters, became the world's largest bitcoin symbol. Jimena Vallone, director of Bitcoin Argentina, expressed hopes that this would be the first of many attempts to break the record.

The event was captured by drones, documenting the scale of the gathering both day and night. Attendees also enjoyed activities such as a Kahoot game, with winners receiving 212,121 satoshis.

The event aimed to highlight the advantages of Bitcoin as an alternative currency for Argentine citizens, particularly in light of traditional monetary models' shortcomings. Media player Carlos Maslatn emphasized that Bitcoin was not subject to permission or state recognition, making it an accessible and innovative currency.

The event attracted attendees of all ages, each with their own motivations, including concerns about inflation, privacy, and desired changes in government models. The organizer stressed that the event was not focused solely on Argentina but aimed to send a message to the world in defense of the cryptocurrency ecosystem's values. The orange umbrellas used in the formation of the human symbol represented Bitcoin's role as protection against inflation and the global financial crisis.

Rodolfo Andragnes, founder of the NGO, expressed the need to defend the values of Bitcoin and announced upcoming events, including the 'BArte Award' and the LABITCONF conference, which would continue to promote action, intervention and revolution in different ways. The success of the event was attributed to the support of various communities and companies in the Bitcoin space. The organizers expressed gratitude...

Bitcoin miners have been selling BTC since the start of June, potentially adding further pressure to the BTC price.

A Supreme Court decision ruled that the U.S. president could not remove commissioners except for standard of inefficiency, neglect of duty, or malfeasance.

The project, delayed from last year, will enlist bank employees and nearby businesses for the pilot. Each payment provider has launched its own app.

Reddit integrates FTX Pay (Brett Jordan/Unsplash)

Disco.xyz hat (disco.xyz)

ROBINHOOD app on a smartphone (Shutterstock)

City of London, England (Shutterstock)

SEC's Binance, Coinbase suits highlight need for U.S. crypto laws. (JamesDeMers/Pixabay)

Polygon co-founder Sandeep Nailwal (Danny Nelson/CoinDesk)

While the product offers investors single-asset exposure to the liquid staking leader, the Switzerland-based firm classified this product as class 7 risk, the highest level.

The Marriner S. Eccles Federal Reserve Board Building (AgnosticPreachersKid/Wikimedia)

(Coinshares)

Hong Kong (Ruslan Bardash/Unsplash)

(Jacques Julien/Getty Images)

Block Green, a Switzerland-based Bitcoin liquidity protocol, and Merkle Standard, a U.S. Bitcoin mining company, have announced a partnership that allows Merkle Standard to utilize Block Green's platform to hedge future revenue risks and access immediate liquidity at transparent and favorable rates.

According to a press release, by facilitating mining rewards streaming agreements and employing Bitcoin script and custodial solutions, the platform unlocks opportunities for Bitcoin holders and miners, redefining the financing landscape and empowering participants with new market avenues.

The capabilities of Block Green's platform enable mining operators to sell exposure to their future revenues at a discount, addressing their liquidity needs effectively. Additionally, BTC holders can benefit from the platform, enjoying an attractive BTC-native return.

As part of the partnership, Merkle Standard plans to sell exposure to 100 PH/s of hashrate over a 30-day period, receiving 7.5 BTC in immediate upfront liquidity. Luxor Tech, a mining software and services company, is among the LPs that have filled the trade.

Sebastien Hess, CEO at Block Green, expressed excitement about the partnership, stating, "Our platform empowers Bitcoin miners to unlock and access future liquidity and hedge revenue risks, driving growth capital coupled with risk mitigation for sophisticated mining operations."

Head of Research at Merkle Standard, Holden Guillies, shared the enthusiasm, emphasizing the innovative nature of the collaboration, saying, "This innovative financial product provides us with a new way to manage risk by hedging mining difficulty while gaining upfront liquidity. We believe this partnership offers an essential tool to effectively plan, operate, and execute within the fast-moving Bitcoin mining industry."

Binance.USs market depth has dropped in June as market makers are fleeing the exchange following the SECs lawsuit.

Vice Chancellor J. Travis Laster of the Delaware Court of Chancery said Galaxy had a clean termination right to the acquisition of BitGo, which it announced in 2022.

(CoinDesk)

Stable Stability Balance (Unsplash)

Cardanos native token, ADA, has been significantly affected by the recent downturn in the cryptocurrency market, experiencing a notable decline in price. Despite a recent surge of over 6% in the last 24 hours, the bearish sentiment continues to exert its influence.

Over the past week, Cardano has encountered a loss of approximately 26% in value, resulting in the breaking of crucial support levels that have now transformed into resistance levels.

From a technical outlook, Cardano indicates a prevailing bearish trend, with both demand and accumulation levels remaining relatively low. It becomes crucial for the coin to overcome the overhead resistance in order to mitigate the growing strength of bearish forces and facilitate a potential recovery.

Presently, the coin is oversold, prompting the emergence of buyers aiming to surpass the resistance barriers. Furthermore, the decline in Bitcoins value in recent days, as it revisited the $26,000 level, has had a negative impact on various altcoins, including Cardano. Consequently, the market capitalization of Cardano has declined, indicating diminished buying strength in the market.

Cardano Price Analysis: One-Day Chart

ADA was trading at $0.28, at the time of writing. Following its rejection at the $0.34 level, the bears have taken control of the price trajectory. Presently, ADA has revisited a multi-month low price level. This signified a bearish trend and the crucial resistance level for the altcoin is observed at $0.30.

Should ADA face rejection at this level, there is a possibility of the price descending further below its current level. In the event of further depreciation, the coin may find support initially at $0.25 and potentially even lower.

The trading volume for Cardano in the last session was relatively low, suggesting that sellers currently hold an advantage in the market.

Technical Analysis

The governor of Florida wants to defend peoples right to do Bitcoin.

London, England (Ugur Akdemir/Unsplash)

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Charles Hoskinson, co-founder of IOG and Cardano (CoinDesk)

Renowned trading professional Peter Brandt recently made waves in the cryptocurrency community with his firm belief that Bitcoin (BTC) is the only crypto asset worth considering, dismissing Ethereum (ETH) and other digital currencies as mere imitators or scams.

Brandt, a seasoned foreign exchange trader with a wealth of experience, boldly stated on Twitter that Bitcoin stands as the sole contender to emerge victorious in the marathon of the crypto industry. According to him, all other digital assets, including Ethereum, lack the potential for long-term success and should be regarded with caution.

The traders remark was triggered by a statement from Cheds, a prominent crypto trader, who asserted that Bitcoin remains the safest bet in the volatile crypto landscape. Cheds assertion came in the wake of a recent market collapse that caused a significant decline in the value of many altcoins.

Bitcoin Is The Only Reliable Option In Crypto

Brandts position on Bitcoin as the only reliable crypto asset has been consistent over time. He has often expressed skepticism about the potential of most altcoins, maintaining that the majority of them will eventually collapse to zero. In his view, Bitcoin is the legacy coin that will stand the test of time.

Bitcoin is the ONLY bet in crypto that will finish the marathon. All others are just wanna bees or scams, including ETH, Brandt emphasized, showing his unwavering confidence in Bitcoins long-term prospects.

Interestingly, when asked about Ethereum, Brandt drew a comparison to precious metals, likening Ethereum to silver while positioning Bitcoin as the equivalent of gold. 

Silver is to ETH as Gold is to BTC. ETH will likely survive but BTC is the legacy, the trader said. 

While he acknowledged Ethereums survival potential, Brandt emphasized that Bitcoin remains the leading digital currency and the standard against which others should be measured.

Brandts stance on altcoins, including Ethereum, extends back to June 2022 when he criticized the Ethereum Merge, describing it as a piece of cr*p crypto due to the networks inefficiencies and high transaction fees. He went so far as to compare the Merge to a rebuild of the ill-fated...

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Urbit Foundation Executive Director Josh Lehman. (Shutterstock/CoinDesk)

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The move is Tethers second $1 billion mint in two months, bringing the total USDT minted by the stablecoin issuer in 2023 to over $16 billion.