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Bitcoin technical indicators 'improving' at $59K may trigger short squeeze

Bitcoin technical indicators are “improving” — meaning a short squeeze may be “inevitable,” according to crypto analysts.

Spot Bitcoin ETFs maintain positive flows for 8 out of the last 10 days

Around 80% of the past fortnight’s spot Bitcoin ETF trading days have had positive flows, despite Bitcoin seeing sideways price action.

Tron memecoin deployer ‘SunPump’ tops $1M in revenue 11 days after launch

After 11 days of operation — including a brief downtime — memecoin platform SunPump has helped create over 18,000 memecoins. 

Solana memecoin protocol teases new ‘short squeeze’ platform

A memecoin shorting protocol called Dumpy.fun says it will release a new “squeezy” tool allowing traders to take the other side of the short trade.

Mt. Gox shifts out $700M in Bitcoin, first major move in 3 weeks

It’s the most significant Bitcoin move since July 30, though Galaxy’s head of research doesn’t think it’s for distribution.

Notorious ‘jaredfromsubway’ MEV bot returns with new attacks

The “jaredfromsubway.eth” MEV bot appears to have relaunched with a better arsenal for carrying out attacks.

Montenegro arrests executive suspected of $21M crypto fraud

Montenegrin police arrested FutureNet co-founder Roman Ziemian, alleging he was living under a false identity in the country’s capital city.

2 key Bitcoin metrics signal steady bull cycle — 'No bubble' in sight

The metrics suggest that Bitcoin is unlikely to be overvalued at current levels and its price action is developing “steadily without significant anomalies or sharp jumps.”

CZ and Binance face new lawsuit for alleged laundering of stolen crypto

One legal expert says if the class action lawsuit progresses, it could put the "efficacy of blockchain analytics itself" on trial. 

2018 fraud case could hold key to Solana ETF approval: VanEck exec

Analysts think Solana ETF approvals are unlikely for now, though VanEck’s head of digital assets suggests there’s still a way. 

Arizona crypto PAC-backed candidate ekes out narrow victory after recount

Democratic candidate Yassamin Ansari, supported by more than $1 million in crypto super PAC funds, claimed victory in an Arizona congressional primary.

RFK Jr’s running mate floats ‘unity party’ with former President Trump

Nicole Shanahan claimed that 51% of Americans were against the two-party system dominating modern United States politics.

Cambodia’s Bakong Tourists app boosts regional payment options 

The Cambodian central bank’s Soramitsu-backed digital payment system is continuing to expand.

US regulator fines crypto fund $150K for illicit Bitcoin loan

It’s part of the fallout from the industry-wide liquidity crunch triggered by FTX in 2022.  

Solana price hits a wall at $150 as several headwinds intensify

SOL price struggles to gain upward traction as DApp volumes plunge, spot ETF odds dwindle, and memecoins fail to rally.

Wyoming mayoral candidate wants to run capital city with AI bot

Victor Miller entered the race and now uses a nickname to distinguish himself from the “Virtual Integrated Citizen, The Official Robot” he says is on the ballot.

Bitcoin short-term holders ‘over-reaction’ a factor in BTC’s drop below $50K — Glassnode

Glassnode says short-term holders have “carried the brunt” of losses from Bitcoin’s recent drop below $50,000.

German BaFin regulator cracks down on crypto ATMs

According to Coin ATM Radar, there are currently 38,725 crypto ATMs worldwide, with a vast majority located inside the United States.

Authors file copyright lawsuit against Anthropic for AI model training

The latest in a series of cases concerning copyright and AI looks at the sources Anthropic used to train its Claude large language models.

Bitcoin demand sharply declining since April — CryptoQuant

The slowdown in Bitcoin demand can be attributed to a sharp decline in purchases in the United States.

Private transactions now dominate Ethereum order flow: Report

Private orders consume more than 50% of gas used on Ethereum, according to Blocknative.

Donald Trump floats making Elon Musk a Cabinet member

After a public endorsement from the Tesla CEO and an X Spaces discussion, Donald Trump said he would consider placing Elon Musk in a Cabinet position in 2025.

Bitcoin whales now add just 1% to their BTC holdings per month

Bitcoin large-volume investors have slowed their BTC accumulation to a crawl versus the run-up to all-time highs earlier this year.

Beat crypto airdrop bots, Illuvium’s new features coming, PGA Tour Rise: Web3 Gamer

Illuvium founder asks: Where are all the new Web3 Games? NFT allowlist to eliminate gaming bots, official PGA golf tour game. Web3 Gamer.

Nigerian SEC to issue crypto platform licenses as market size grows: Report

In June, the SEC updated its regulations to better oversee cryptocurrency platforms and exchanges and improve monitoring of digital asset trading.

Bitcoin mining expenses surge 168% amid capacity growth

BitFuFu expands its mining capacity by over 60% despite a dramatic rise in Bitcoin mining costs post-halving.

Binance’s return to India comes with $86M tax demand

While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the firm.

Base hits 4M active addresses amid ‘Onchain Summer’ campaign

Base said it had allotted 600 ETH, worth $2 million, for developers who would build on the blockchain from June to August this year. 

Ledn secures industry-first $50M Bitcoin-backed syndicated loan

Ledn’s groundbreaking $50 million Bitcoin-backed loan, syndicated by Sygnum, is set to transform retail lending and institutional crypto finance.

Starknet set for first mainnet staking vote: What STRK holders need to know

Starknet’s inaugural staking vote introduces mechanisms for minting and parameter adjustments, paving the way for staking by October 2024.

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