Ready Games software development kit is touted to help improve Web3 gaming accessibility and user experience.

USDT issuer Tether said that they do not condone the behavior of the media outlets and highlighted that the materials presented do not reflect what Tether is at present.

Amid the ongoing crypto regulatory uncertainty, Bitcoins market dominance has surged to its highest level since July 2021, suggesting a shift in the sentiments of traders and investors towards the worlds pioneer and most substantial cryptocurrency, Bitcoin.

This milestone highlights the current volatility of the crypto market as it continues to grapple with regulatory uncertainty and the various factors that impact Bitcoins value.

The Resurgence Of Bitcoin Dominance

The latest data from TradingView reveals that Bitcoin dominance, defined as Bitcoins share of the total cryptocurrency market capitalization, has hit a high of 49.5%. This level has not been recorded since July 2021 when Bitcoins dominance touched a peak of over 48%.

It is worth noting that earlier this year in April, Bitcoins dominance momentarily reached 48.83%, after which it fluctuated within a specific range.

However, the past week saw a notable increase in Bitcoins market dominance, correlating with the time when the US Securities and Exchange Commission (SEC) categorized numerous tokens as unregistered securities in its lawsuits against the worlds largest crypto exchanges Binance and Coinbase.

Consequently, many of these tokens such as Cardano (ADA), Solana (SOL), and Binance Coin (BNB) have experienced significant price drops, while Bitcoins value has remained comparatively stable.

Market Influences And The Upcoming BTC Halving

The regulatory actions by the SEC underscore an environment of uncertainty that has had noticeable effects on the crypto market. Amid this backdrop, Bitcoin emerges as a sort of safe haven.

Micheal Saylor, a prominent Bitcoin advocate, echoed these sentiments in a recent interview with Bloomberg, predicting that: the entire industry is kind of destined to be rationalized down to Bitcoin and a...

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

The Hinman documents have been available to Ripple for over two years, and their public release has been eagerly awaited by many, but some were disappointed by the lack of any real bombshells.

(Messari)

The French arm of Binance is reportedly under investigation by the local authorities on charges of aggravated money laundering.

ChatGPT alternatives offer unique features and functionalities, expanding the possibilities of interactive AI-driven interaction.

Polygon (MATIC), a blockchain scalability platform, finds itself in the grip of negative sentiment that casts a shadow over its prospects for a strong price recovery. The crypto market has been a volatile space, prone to sudden shifts in sentiment, and MATIC is no exception.

The recent downturn in the sentiment surrounding MATIC has left investors and traders cautiously observing the price charts.

Once considered a promising project in the crypto space, Polygons potential for growth has been impeded by the recent actions of the US Securities and Exchange Commission against altcoins.

Will the negative sentiment continue to hinder MATICs potential for a strong price recovery?

Polygon Whales Unfazed By US Regulatory Pressure?

The latest data on MATIC reveals that the pressure from US regulators has not seemed to totally unsettle some prominent investors, as evidenced by a notable increase in whale transactions exceeding $1 million in recent days.

However, despite the increase in whale appetite, the cryptocurrency has failed to sustain a strong upward momentum at the time of writing.

CoinMarketCap reports MATICs current price as $0.5818, reflecting a decline of 2.33% within the past 24 hours. Additionally, the cryptocurrency has witnessed a subst...

This is an opinion editorial by Bitcoin Graffiti, a software developer and graffiti artist.

In 1714, the British Parliament introduced the Longitude Act, a law rewarding a 20,000 bounty (more than $1 million in todays money) to anyone who could accurately determine longitude at sea. Captains had been struggling with poor navigation since the onset of global trade. Though sailors could easily measure latitude by gauging the suns height, longitude was very hard to determine and inapt techniques veered vessels of course. Without visual bearings, humans were sailing blind on the open seas. The increased travel time led to scurvy, delays and ships smashing on the rocks losing crew and cargo forever to the deep.

Fortunately, a genius Brit came up with the solution the chronometer, a clock that could keep its beat on the volatile seas. John Harrison was this genius and his invention outperformed crude astronomical techniques that relied on clear skies, number tables and hours of calculation. There was no second best.

But his innovation wasnt adopted!

According to Longitude by Dava Sobel, it took until 1828 for the Board of Longitude to be disbanded and the chronometer to reach mass adoption.

Why on Earth did it take so long?

Going Beyond The S Curve

...the diffusion of innovations is a social process, even more than a technical one.

Everett M. Rogers, Diffusion Of Innovations

Another timekeeping device was invented in 2008 by Satoshi Nakamoto. Bitcoin is a decentralized clock in cyberspace enabling accurate economic calculation and financial navigation in the uncertain waters of life. Though its properties are superior in the eyes of its users, the rate of adoption is not as spectacular. 

Many claim its at the brink of crossing the chasm: This is the internet of 1995! But in our bullishness, we expected an iPhone-like adoption. Certainly, ideas spread faster than ever before, but to consider this trend as the sole variable governing adoption rate is oversimplifying it. The longitude story shows us that, even when an innovation is a complete no-brainer, it ma...

Trezor doesnt plan to introduce any private key recovery tools, as it has provided all possible means to help users secure the seed phrase, CEO Matej Zak said.

While little changed, BTC price monitors hope that a cascade to $23,000 can be avoided.

Private businesses in Cuba could be poised to benefit from the cryptocurrency revolution in one of the worlds harshest business environments.

The application by BlackRock, the worlds largest asset manager, for approval of a Bitcoin spot ETF with the US Securities and Exchange Commission (SEC) is the biggest story in the crypto market today. Numerous experts are extremely optimistic that an approval of the first Bitcoin spot ETF in the US will be a massively bullish event, attracting huge amounts of new capital and triggering a new bull run.

But where does this theory come from? Bitcoin is often referred to as the digital gold of the 21st century, so its an obvious choice to look at the history of gold and the first gold based spot ETF.

Why The BlackRock Bitcoin ETF Would Be So Bullish

The first thing to note is that BlackRock applied for a spot ETF and not a Futures ETF. The SEC has already approved a number of Bitcoin Futures ETFs that hold Bitcoin futures contracts on the CME. These are currently traded on the US equity markets, but have relatively low popularity. And this has its reasons, first and foremost the so-called drag, as Scimitar Capital explains.

Drag refers to the underperformance of a fund that attempts to replicate the return of a particular underlying asset and is a long-term result of regular portfolio rebalancing. To track the spot price, BITO, the largest bitcoin futures ETF, holds 2/3 in the front-month future and 1/3 in the following month.

However, this rolling is costly because of transaction fees, slippage and because futures for the last month are usually traded at a premium over the first month in BTC (contango). For this reason, futures ETFs are not a good investment for retail traders in the long run and are therefore unpopular.

A Bitcoin spot ETF does not have these disadvantages. This is the reason why physically backed ETFs like GLD and IAU for gold have a combined 90B of AUM whereas futures backed ones like BITO and USO have a paltry 1.6B, Scimitar Capital says.

The first gold ETF, the SPDR Gold Trust ETF (GLD), was listed on the NYSE on November 15, 2004 and revolutionized gold trading. Before GLD came on the market, it was possible to invest in gold in the form of bars, coins, certificates and shares of gold mining companies.

The exchange-traded fund made investing in precious metals a no-brainer and eliminated the problems of shipping and vaults. The same revolution could be coming to Bitcoin by a Bitcoin spot ETF. Retail investors could hold Bitcoin long-term through the ETF without worrying about custody and private keys.

And the revolution in gold also made itself felt in the price. While the price of gold was still below $450 per ounce in November 2004, gold saw a meteoric rise in the years that followed.

(Shutterstock)

Lawyers for Terraform Labs and Do Kwon used a U.S. Congress hearing, Binance.US complaint and Hinman emails documents to dismiss the SEC lawsuit.

Francesca Hopwood Road, head of the BIS Innovation Hub London Centre / BIS

Crypto exchange Binance announced its departure from the Netherlands, with users asked to withdraw their funds as soon as possible.

(Shutterstock)

The DeFi protocol also offered the $100,000 bounty to anyone who could help bring an arrest or recover the funds.

The Bitcoin price has risen 3.2% since yesterdays low of $24,827. At press time, BTC was trading at $25,590 and has thus reclaimed two extremely important price levels for the moment: first, the Bitcoin price has once again risen above the 200-day Exponential Moving Average (EMA) currently at $25,299, and second, the price is now also back above the 200-week EMA at $25,304 (with the weekly close becoming of crucial importance).

As always, there are several narratives for yesterdays rise in price. The most obvious narrative and currently the biggest topic in the market is the Bitcoin spot ETF filing by BlackRock, the worlds largest asset manager, with the US Securities and Exchange Commission (SEC). A spot ETF is seen as the holy grail that could finally open the floodgates for institutional liquidity, as Bitcoinist reported today.

Reasons For The Bitcoin Rally

BlackRock is believed to have a strong chance of getting the first spot-based Bitcoin ETF approved by the SEC due to its political influence and network. The new capital inflows made possible may have the potential to be the next bull run catalyst, according to many experts.

BlackRock getting a BTC ETF through would be the best thing that could happen to BTC, Galaxy Digital CEO Mike Novogratz said yesterday. Accordingly, the news is likely to have created a bullish sentiment in the market.

However, as always, several reasons play a role in the price movement on the Bitcoin market. One issue that should not be neglected is always the macro situation and the US dollar index (DXY). The latter has seen a setback in the last three days, falling from 104.70 to currently 102.21. This is likely to have favored BTC for now.

As for the macro situation, Wednesdays interest rate decision by the US Federal Reserve (Fed) certainly still plays a role. The main story is that the market is not buying Fed Chair Jerome Powells hawkish stance. Analysts believe that the two more rate hikes announced in the dot plot are a feint to prevent a bullish breakout in the financial markets.

Finally, BTCs decoupling from the S&P 500 has also been seen in recent days. Yesterdays move could have been the start of a catch-up rally in which BTC shakes off the unnecessary losses caused by the Tether FUD and the SEC lawsuits against Coinbase and Binance US.

In addition, Bitcoin hodlers continue to show historically high conviction. As on-chain analyst Axel Adler Jr explained via Twitter, the total BTC inflow across all exchanges is currently at a low, suggesting that Bitcoin holders are in no hurry to sell their coins.

...

(Nikhilesh De/CoinDesk)

To improve the countrys high-value payment system, Colombias central bank is experimenting with Ripples new end-to-end central bank digital currency technology. How will this collaboration affect the price of XRP?

On Thursday, Ripple announced that the central bank of Colombia and the Ministry of Information and Communication Technologies (MinTIC) would be exploring the use of blockchain technology in the countrys high value electronic payment system with Ripple.

The central bank did not specifically state it will pilot test a central bank digital currency, even though it will employ XRP Ledger.

Ripple and @Peersyst are partnering with Colombias @BancoRepublica in conjunction with @Ministerio_TIC to pilot use cases that will enhance Colombias high-value payment system.

Learn more about the partnership: https://t.co/X9jyJ3pvDa

Ripple (@Ripple) June 15, 2023

Ripple has not let regulatory constraints prevent it from innovating and expanding its reach, notably in Colombia, despite the fact that the blockchain startup is still engaged in a highly publicized legal dispute with the US Securities and Exchange Commission.

A Technological Solution In The Offing For Colombia?

Blockchain technology was highlighted by Colombias minister of information and communication technology, Mauricio Lizcano, who claimed that it would offer a technological solution (Prototype) that would enable simulations of various use cases in the high-value payment system.

Peersyst Technology, a blockchain technology company based in the region, is MinTICs direct partner.

According to James Wallis, vice president of central bank engagements and CBDCs, Ripple:

By harnessing the power of the CBDC Platform, based upon the XRPL, this project will pave the way for transformative advancements in the utilization of blockchain technology within the public sector....

Total crypto market capitalization rose nominally with dogecoin (DOGE) leading gains among major tokens.

The billionaire investor got stuck into a heated debate with former Securities and Exchange Commission official John Reed Stark over crypto regulation.

More than 900,000 Mercedes vehicles in the United States will have access to the new ChatGPT-enabled beta feature, which will be trialed for about three months.

Bill Barhydt of Abra (CoinDesk)

A FOIA request with the SEC regarding Prometheum has been filed, while others found former FINRA and SEC staffers among the firm's ranks.

Galaxy Digital CEO Mike Novogratz was among those over the moon with the news, others warn it could be the start of a major institutional takeover.

Dogecoin is attempting a recovery wave above the $0.0585 resistance against the US Dollar. DOGE could rally if it clears the $0.065 resistance zone.

• DOGE is currently struggling to clear the $0.0628 resistance against the US dollar.
• The price is trading below the $0.065 zone and the 100 simple moving average (4 hours).
• There is a major bearish trend line forming with resistance near $0.0635 on the 4-hours chart of the DOGE/USD pair (data source from Kraken).
• The pair could start a fresh rally if it clears the $0.065 resistance zone.

Dogecoin Price Eyes Recovery

After a sharp decline, Dogecoins price found support near the $0.0554 zone. DOGE formed a base and recently started a decent recovery above $0.058, similar to Bitcoin and Ethereum.

There was a clear move above the $0.0585 resistance zone. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $0.0714 swing high to the $0.0554 low. The price is now consolidating above $0.060.

DOGE is still trading below the $0.065 zone and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $0.0635 on the 4-hours chart of the DOGE/USD pair.

On the upside, the price is facing resistance near the $0.0628 level. The first major resistance is near the $0.0635 level and the trend line. It is close to the 50% Fib retracement level of the downward move from the $0.0714 swing high to the $0.0554 low.

Source: DOGEUSD on TradingView.com

A close above the $0.0635 resistance might send the price toward the $0.065 resistance. The next major resistance is near $0.0675. Any more gains might send the price toward the $0.070 level.

More Lo...

(Gerd Altmann/Pixabay)

1.00 AUD = 0.00003 BTC
0.00010 BTC = 3.75 AUD
Converter

0.00010 BTC = 2.55 USD
1.00 USD = 0.00004 BTC
Converter

Ethereum price is still struggling below $1,720 against the US Dollar. ETH could continue to move down if it stays below $1,700 and $1,720.

• Ethereum is slowly moving higher from the $1,620 support zone.
• The price is trading below $1,700 and the 100-hourly Simple Moving Average.
• There is a key bearish trend line forming with resistance near $1,720 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could struggle to recover above the $1,700 and $1,720 resistance levels.

Ethereum Price Faces Uphill Task

Ethereums price remained in a bearish zone below the $1,720 resistance. ETH extended its decline below the $1,660 level, similar to Bitcoin.

There was a spike below the $1,630 support. The price tested the $1,620 zone. A low is formed near $1,620 and the price is now attempting a recovery wave. There was a move above the $1,640 and $1,650 levels. The bulls pushed the price toward the 50% Fib retracement level of the downward move from the $1,748 swing high to the $1,620 low.

Ether is still trading below $1,700 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance near $1,720 on the hourly chart of ETH/USD.

Immediate resistance is near the $1,700 level or the 100-hourly Simple Moving Average. It is close to the 61.8% Fib retracement level of the downward move from the $1,748 swing high to the $1,620 low. The next major resistance is near the $1,720 level and the trend line.

Source: ETHUSD on TradingView.com

A proper move above the $1,700 and $1,720 resistance levels might start a steady recovery wave. The next resistance sits near $1,775, above which Ethereum could rise toward the $1,820 level. Any more gains above the $1,820 resis...

A District Judge ordered a separate trial for the Department of Justices charges against Sam Bankman-Fried, which were added following his extradition to the U.S.

A Nomura Laser Digital survey has revealed the majority of institutional investors polled are still keen on crypto.

Bitcoin price is attempting a recovery wave above the $25,200 resistance. BTC must clear the 100 hourly SMA to continue higher in the near term.

• Bitcoin is slowly recovering higher above the $25,200 support.
• The price is trading below $25,750 and the 100 hourly Simple moving average.
• There is a key bearish trend line forming with resistance near $25,680 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could rise further if it clears $25,750 and the 100 hourly Simple moving average.

Bitcoin Price Attempts Recovery

Bitcoin price remained in a bearish zone below the $26,200 resistance zone. BTC extended its decline below the $25,500 support and even spiked below $25,000.

A low is formed near $24,751 and the price is now attempting a recovery wave. There was a clear move above the $25,000 and $25,200 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $26,062 swing high to the $24,751 low.

Bitcoin price is now trading below $25,750 and the 100 hourly Simple moving average. Besides, there is a key bearish trend line forming with resistance near $25,680 on the hourly chart of the BTC/USD pair.

The pair is now facing resistance near the trend line and the 100 hourly Simple moving average. It is close to the 61.8% Fib retracement level of the downward move from the $26,062 swing high to the $24,751 low. The next major resistance is near the $25,750 level.

Source: BTCUSD on TradingView.com

A clear move above the $25,750 resistance might start a fresh increase. The next major resistance is near the $26,200 level, above which the bulls might send BTC toward the $26,500 resistance zone.

Fresh Decline in BTC?

If Bitcoin...

Terraform Labs CEO Do Kwon on CoinDesk TV in December 2021. (CoinDesk)

Abra and its CEO William Barhydt have been issued with an emergency cease and desist order.

Dmitri Cherniak, Ringers #879 (The Golden Goose)

Dmitri Cherniak's Ringers #879 "The Goose" and Tyler Hobbs' Fidenza #479. (Sotheby's)

DBS Bank branch in Hong Kong (Getty Images)

Hong Kong lays out welcome mat for exchanges, Korean crypto lender contagion, Do Kwon banged up abroad, Bank of Chinas Ethereum debt note.

The investment firm joins a long line of applicants; ARK is among those still waiting to hear from the SEC, and Grayscale has appealed its rejection.

BlackRock headquarters (Shutterstock)

Terra Community AMA with Do Kwon, April 2021 (Terra, modified by CoinDesk)

Securities and Exchange Commission Chair Gary Gensler (Kevin Dietsch/Getty Images)

Bitcoin hourly chart (CoinDesk)

Both regulatory bodies are inquiring into the activities of Goldman Sachs during its unsuccessful capital raise preceding the downfall of Silicon Valley Bank.

Su Zhu and Kyle Davies originally purchased The Goose digital artwork in August 2021 for roughly $5.8 million in Ether.

Sam Bankman-Fried leaves a federal court in Manhattan following a hearing to dismiss some of the charges leveled against him. (Elizabeth Napolitano / CoinDesk)

Bitcoin weekly chart (CoinDesk)

MakerDAO founder Rune Christensen (Original image by Trevor Jones)

Civil sanctions against 3AC co-founder Kyle Davies include an award of attorneys fees and a $10,000 daily fine until he is in compliance with a subpoena.

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Prosecutors said they were prepared to try SBF on his original eight-count indictment starting in October, with the remaining five charges to be decided by Judge Lewis Kaplan.

Lauren Gerson/Blackbird Film Co./Flickr

Binance.US CEO Brian Shroder (Binance.US)

On-chain data shows that Bitcoin investors arent participating in any significant amounts of loss selling right now. Heres what it may mean.

Bitcoin Entity-Adjusted Realized Loss Has Remained Low Recently

According to data from the on-chain analytics firm Glassnode, coins transacted recently were mostly acquired close to the current spot price. The relevant indicator here is the entity-adjusted realized loss, which measures the total loss investors realize through their current selling.

This metric works by going through the on-chain history of each being sold to see what price it was bought at. If this previous price for any coin was more than the current spot price (that its now being moved at), then the coins sale is leading to the realization of a loss. Naturally, the coin would be moving at a profit in the opposite case.

The indicator has entity-adjusted because it only counts transactions/sales between different entities rather than individual wallets. An entity here refers to a single or a group of addresses controlled by the same investor, as determined by Glassnodes analysis.

As transfers between the addresses of the same investor wouldnt count as selling, it makes sense to filter such transfers out of the data for the realized loss.

Now, here is a chart that shows the trend in the Bitcoin entity-adjusted realized loss over the last few years:

As the above graph shows, the Bitcoin entity-adjusted realized loss has been at relatively low values for a few months. The rally in the cryptocurrencys price has taken place during this period, so it would make sense that investors wouldnt have any need to sell at a loss while the surge has gone on.

However, recently, things have been different. BTC has been going down during the past few weeks, but there has still not been any change in the indicators value. This is unlike whats generally observed during drawdowns in the asset.

Even earlier in the current year, when the rally had temporarily taken a hiatus in March and the cryptocurrencys value had seen a deep plunge, there was an uplift in the realized loss, although not anything too significant. The recent low values are also despite the FUD that has spread around the sector following the...

Korean police storm seven exchanges (Tchab0/Unsplash)

The MiCA framework suggested a roughly 18-month timeline to fully take effect, with regulators and lawmakers seeming to go through proposals aimed at ensuring a smooth implementation.

BlackRock headquarters (Shutterstock)

The Polkadot pavilion on the Promenade at the World Economic Forum in Davos, Switzerland (Sandali Handagama/CoinDesk)

The Federal Reserve building in Washington, D.C. (Helene Braun/CoinDesk)

The Terra Labs co-founder will be held for up to six months while the Montenegrin court considers South Koreas extradition request.

Bitkey self-custody bitcoin hardware wallet (Block)

Full fuel gauge icon (M-A-U/Getty)

A risky loan in AAVE and the resulting liquidation threat for CRV have pushed the governance token to a one-year low, but there is a chance for a powerful short squeeze.

According to crypto lawyer Fred Rispoli, the Hinman documents depict an agency prioritizing expanding its jurisdiction over fulfilling its core responsibility of safeguarding U.S. investors.

Water drop ripple (Claudia Wollesen/Pixabay)

Lens protocol releases new governance model (Arnaud Jaegers/Unsplash)

Bitcoin (BTC), the largest cryptocurrency in the market, was expected to continue its bull run after consolidating its gains. However, on June 14th, just before its daily close, Bitcoin suffered a 3% decline, dropping below $25,000 and reaching as low as $24,700, a price level not seen since mid-March.

In light of these developments and the mounting regulatory pressure from the US Securities and Exchange Commission (SEC) on the nascent industry, many are starting to believe that the recent bull run for BTC was nothing more than a fakeout.

Bitcoin On The Brink With Massive Amount Of Liquidations Looming

Bitcoin has been facing a lot of turbulence recently, and the troubles dont seem to be stopping anytime soon. 

The latest data shows that Bitcoin is facing trouble as over $100 billion in liquidations loom, signaling the potential for another crash in the cryptocurrency market. Despite attempting to surpass its nearest resistance levels, Bitcoin has been struggling, with the potential for further downside movements and increased selling pressure.

According to the latest data provided by the trader and crypto analyst under the pseudonym Bleeding Crypto, there is a total of $63.9 billion worth of liquidations at the $24,200 price level and $52.3 billion worth of liquidations at the $21,800 mark.

The increased selling pressure in Bitcoin could potentially result in further liquidations and a subsequent crash in the cryptocurrencys price, delaying any further uptrends and causing a return to the lower price levels seen at the beginning of the year. This could induce fear among investors, further fueling short positions and potentially leading to a vicious cycle.

However, if thats the case, its important to note that theres also a possibility of a contrary situation, where institutional investors hunt for short position liquidations, leading to a surge in buying pressure and propelling the price of Bitcoin to t...

The pilot program will run through 2023 with the intent of demonstrating blockchain utility to the general public.

Tether (Nikhilesh De/CoinDesk)

(Aleksandr Barsukov/Unsplash)

Trump NFT prize claim site (wintrumpprizes.com)

Bitcoin fell below $25,000 amid bearish market sentiment. (mana5280/Unsplash)

The latest price moves in bitcoin (BTC) and crypto markets in context for June 15, 2023. First Mover is CoinDesks daily newsletter that contextualizes the latest actions in the crypto markets.

(Kaiko)

Brian Armstrong (CoinDesk)

Amy Wu, former head of FTX Ventures, joins Menlo Ventures (Danny Nelson)

A trading screen. (Shutterstock)