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Cryptography News
Coinjournal
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Russian crypto CEO charged in $530M laundering scheme tied to US sanctions
- Russian national, Iurii Gugnin, charged with running a $530 million money laundering scheme through his crypto platform, Evita.
- Gugnin allegedly processed funds to bypass sanctions and finance blacklisted Russian banks and firms using stablecoins like USDT.
- Evita was used to hide crypto transfers for sanctioned entities, including Sberbank, VTB Bank, Sovcombank, and Rosatom.
- The case highlights concerns about crypto misuse for sanctions evasion, leading to discussions on stricter regulations and enforcement efforts.
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Cryptopotato
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Ripple’s (XRP) Next Leg Up Will Be ‘Brutal:’ Is $10 Possible?
- Ripple's XRP token has been consolidating for over a month, but analysts are predicting a significant breakout.
- XRP is currently trading above $2.3, testing the upper boundary of a symmetrical triangle pattern.
- A golden cross pattern has been spotted on XRP's 2D chart, indicating a possible uptrend and potential for a price target of $10.
- While achieving $10 for XRP is not impossible, it would require a substantial increase in market cap and significant price moves.
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Coindoo
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What Makes Bitcoin So Different From Other Cryptos?
- Bitcoin is fundamentally distinct in the crypto ecosystem due to its decentralized beginnings and clear monetary mission.
- One of Bitcoin's key features is its hard-capped supply of 21 million coins, making it resistant to inflation.
- Bitcoin's security is upheld through Proof-of-Work consensus mechanism and its powerful mining network.
- Bitcoin stands out for its decentralization, lack of central authority, and global recognition as a store of value.
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Coindoo
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South Korea Proposes Stablecoin Licensing Under New Crypto Law
- South Korea introduces the Digital Asset Basic Act to promote crypto innovation and boost trust in blockchain markets.
- The proposed law includes a licensing system for stablecoin issuers, with a minimum capital requirement of 500 million won.
- President Lee Jae-myung's goal is to establish a Korean won-backed stablecoin industry to prevent capital outflows.
- The new bill builds on existing investor protection laws and aims to provide comprehensive regulations for digital asset operations.
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Cryptonewsz
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Societe Generale to Launch USD Stablecoin on Ethereum, Solana
- Societe Generale is launching a dollar-denominated stablecoin called USDCV on Ethereum and Solana blockchains as part of its cryptocurrency subsidiary SG-FORGE.
- The stablecoin is fully compliant with the European Union's MiCA regulation, joining EUR CoinVertible, and will be available for trading in early July on various cryptocurrency exchanges.
- USDCV is backed by BNY Mellon for cash reserves and aims to cater to various institutional use cases such as crypto trading, cross-border payments, on-chain settlement, FX trading, and collateral for lending.
- Societe Generale's launch of USDCV positions it as one of the first major European banks offering regulated stablecoin products across different blockchains, providing clients with flexibility in major reserve currencies.
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Coindoo
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Senate Is Voting Wednesday on GENIUS Act to Regulate Stablecoins
- The Senate is voting on the GENIUS Act, aimed at regulating stablecoins by establishing clear oversight rules.
- Senator Thune filed cloture to move the legislation forward with bipartisan support, requiring a 60-vote threshold for advancement.
- The previous Senate vote showed strong bipartisan support with a 66-32 vote; now, Wednesday's vote requires 60 votes for progress.
- If successful, the bill could progress quickly towards final approval, with the crypto industry viewing this as a significant step in digital asset regulation.
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Cryptoticker
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Hyperliquid Hits New ATH Today: What's the Hype about HYPE?
- Hyperliquid (HYPE) has surged to a new all-time high of $40.99, driven by market speculation and increasing institutional interest, with a trading volume of over $430 million in the last 24 hours.
- On-chain metrics for Hyperliquid show impressive growth, with Total Value Locked (TVL) estimated between $560 million and $1.46 billion, Futures Open Interest exceeding $1.7 billion, and Stablecoin reserves over $3.6 billion, indicating a thriving ecosystem.
- Institutional and whale activity, such as a large purchase of 259,000 HYPE tokens by a single whale and the top 20 wallets holding 24% of the platform's open interest, are contributing to the upward momentum but also pose potential risks of price fluctuations.
- Hyperliquid stands out with its buyback strategy, using most of its daily trading revenue to repurchase HYPE tokens, tightening supply, and supporting the bullish structure. Additionally, the token serves real utility in the Hyperliquid DEX ecosystem for features like staking, governance, and fee reductions.
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Zycrypto
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IMBX Officially Launches Next-Generation Trading Platform
- IMBX, a new international cryptocurrency exchange, has officially launched its trading platform, positioning itself as a strong contender in the digital asset trading market.
- The platform offers advanced security features such as high-performance matching engine for quick order execution, data encryption, real-time threat monitoring, and adherence to international KYC and AML requirements.
- IMBX provides users with a cutting-edge user interface, extensive copy trading, and derivatives trading options including USDT margin perpetual contracts and one-click copy trading feature, catering to traders of all skill levels.
- Backed by a skilled team of developers, security engineers, and financial specialists, IMBX aims to establish itself as a long-term player in the global cryptocurrency ecosystem.
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Cryptopotato
1M
1.7k
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Why Is Grant Cardone’s Twin Brother Comparing Ripple (XRP) to Covid-19?
- Gary Cardone, with over 40 years of financial experience, has strongly criticized Ripple's XRP token.
- He expressed concerns over reports stating that the XRP Ledger would be used for the digital euro project, linking it to potential financial control by authorities.
- Cardone compared XRP's actions to survive in the financial sector to the controversial effects of COVID-19, criticizing its collaboration with authorities like the ECB.
- Despite being a former XRP investor, Cardone sold his entire XRP portfolio earlier this year at $2.71, citing diverging from his investment principles.
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Cryptoticker
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3k
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Solana Price Prediction: Can SOL Break $170 This Week?
- Solana (SOL) price is showing signs of recovery after a turbulent period, aiming for a breakout towards the $170–$180 zone.
- On the 1-hour chart, SOL is trading above key moving averages, with bullish momentum indicating potential short-term strength.
- The daily chart reveals SOL trying to break the 20-day and 50-day SMAs to target the 200 SMA at $176.33, indicating a bigger breakout possibility.
- Immediate resistance for SOL is at $160–$163, with support at $144, and the potential for a move towards $170–$175 if bullish momentum continues.
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Zycrypto
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448
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Bitcoin’s Fate Hangs in the Balance—Breakout or Breakdown Next?
- Bitcoin faces uncertainty as institutional inflows shift towards Ethereum.
- Weekly data from CoinShares indicates $286 million in net digital asset inflows.
- Bitcoin experienced $8 million in outflows despite market optimism.
- Ethereum led with $321 million in institutional inflows, attracting $1.19 billion over six weeks.
- Bitcoin saw selling pressure and a minor decline after a court ruling on tariff policy.
- Ethereum's dominance in institutional products is growing, with $889 million in inflows in the last month.
- XRP recorded $28 million in weekly outflows, reflecting declining institutional interest.
- The U.S. led in digital asset inflows, with Germany and Australia also showing increased activity.
- Institutional players continue to accumulate Bitcoin, with notable purchases by Michael Saylor's Strategy and Japan’s Metaplanet.
- Bitcoin's price volatility persists near $106,000, testing key technical levels.
- A move above $105,500 may re-establish bullish momentum for Bitcoin.
- With Ethereum attracting institutional interest and XRP facing regulatory hurdles, Bitcoin's market leadership is under pressure.
- The next market move for Bitcoin depends on short-term sentiment and technical strength.
- Bitcoin's fate hangs in the balance, with a potential breakout or breakdown on the horizon.
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Cryptopotato
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Important Ethereum Warning: Here’s Why ETH Might Plunge by 10%
- Despite a strong rally, Ethereum may face a 10% pullback if it fails to close above $2,750.
- Analysts caution that Ethereum's price could plummet to $2,500 or $2,380 in case of rejection.
- On the bullish side, experts predict an ascent towards $3,400-$5,000 or even $20,000 for Ethereum.
- Ethereum's Relative Strength Index (RSI) stands at approximately 71, indicating potential problems for the bulls.
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Coindoo
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Trump CFTC Pick Vows Crypto Market Clarity and Oversight
- Quintenz, Trump's CFTC pick, vows to provide clear guidelines for digital asset classification and market oversight.
- He emphasized the importance of a comprehensive crypto framework with clear definitions and jurisdiction for responsible growth.
- Quintenz plans to leverage his industry experience, gained from leading global policy at a16z crypto, to guide U.S. crypto strategy.
- He believes blockchain has broad potential beyond finance and aims to ensure U.S. policy reflects its impact across different sectors for American leadership.
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Coindoo
1M
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Best Meme Coin Presale to Buy This Week: Troller Cat’s 69% APY Sparks FOMO as Pudgy Penguins and Fartcoin Cruise Steady
- The cryptocurrency sector has attracted global attention, with Bitcoin's surge leading the digital gold rush amid economic uncertainty.
- Meme coins like Pudgy Penguins and Fartcoin have gained popularity with unique utilities and strong communities.
- Troller Cat ($TCAT) emerges as a disruptive meme token offering a gamified staking feature and a presale with high ROI.
- Investors have seen returns of over 2429.30% in Troller Cat's ongoing presale, with a 69% APY staking opportunity.
- Troller Cat's Play-to-Earn Game Center aims to burn tokens, reducing supply and boosting demand.
- The presale for TCAT is open to all investors without minimum buy-ins, featuring a referral system and secure smart contract.
- With a presale raising over $225,000 and growing interest from platforms like Reddit and TikTok, Troller Cat is gaining momentum.
- Pudgy Penguins trades at $0.009847, showcasing modest growth, while Fartcoin's price rises to $1.06 with strong market capitalization.
- Meme coins represent a paradigm shift in wealth creation, with Troller Cat standing out with its deflationary ecosystem and staking rewards.
- Troller Cat is highlighted as the top meme coin opportunity, offering a game-changing chance to investors before its listing price.
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Coinjournal
1M
188
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ADA price jumps as Cardano launches first Bitcoin DeFi protocol
- Cardano has launched its first Bitcoin DeFi protocol, Cardinal, allowing BTC to be used in DeFi on the Cardano network without bridges.
- The launch of Cardinal resulted in a surge in ADA's price and trading volume, with a price increase of nearly 4% and a trading volume exceeding $700 million.
- Cardinal enables secure, non-custodial BTC staking and lending through MuSig2 multi-signature technology.
- Major Cardano DeFi platforms like MinswapDEX, SundaeSwap, and Fluid Tokens have already integrated Cardinal to offer users the ability to farm, lend, and trade Bitcoin-linked assets directly.
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