UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says
The country passed a landmark bill in June 2023, which laid the foundation for stablecoins and other crypto to be treated as regulated financial activities.
Financial
Bitcoin Price Recovery Lacks Whale Participation, Onchain Data Show
Blockchain analytics firm IntoTheBlock’s “large holder netflow” indicator shows whales are yet to resume accumulation.
Germany’s Largest Federal Bank LBBW to Offer Crypto Custody Services With Bitpanda
LBBW will first offer crypto custody to corporate clients with a market launch planned for the second half of 2024.
Bitcoin From Rare ‘Satoshi Era’ Moves After 14 Years of Dormancy
The miner earned 50 bitcoin in April 2010 during the network’s early weeks and has held on to them for the entire time.
BTC, ETH Rise as Hong Kong Bitcoin ETF Applicants Say They’ve Been Approved
The Securities and Futures Commission, Hong Kong’s markets regulator, has not made an official announcement.
Solana Rolls Out Update to Tackle Network Congestion
A göğüs coin trading frenzy and a rapid spike in users has stressed the network in recent months.
Sticky Liquidity in DOGE and SHIB Suggests Meme Tokens Have Staying Power
Increases in trading volume, coupled with market depth, for DOGE and SHIB suggests göğüs tokens, often criticized for lacking utility, are here to stay, according to FalconX.
Bitcoin Back in Green as Crypto Market Awaits Hong Kong Spot ETF Decision
The market has shaken off concerns of escalations between Iran and Israel as the U.S. appears to have talked Israel out of a counter-attack.
Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions
Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge, according to one observer.
Bitcoin Falls 8%, Drops Below $62K Before Rebound
Other major cryptocurrencies saw similar declines.