Possible dates when the SEC will accept BlackRock's Bitcoin ETF 👆

▪️ August 12, 2023 (accept, reject, delay 45 days).
▪️ September 26, 2023 (accept, decline, delay 90 days).
▪️ December 25, 2023 (accept, reject, delay 60 days).
▪️ February 24, 2024 is the final date the SEC must accept or reject the application.

By regulation, if the SEC does not deny after the final date, the application is considered accepted.

P.S. BlackRock can withdraw the application any day and short the crypto market 😡

Shrimps are buying up bitcoin 🦐

Owners of wallets with a balance of less than 1 BTC (aka shrimps in the whale hierarchy) are accumulating the first cryptocurrency at a rate of 33,400 BTC per month.

Their total balance has reached a new record of 1.33 million BTC. It is growing throughout the history of the first cryptocurrency, indicating a redistribution of BTC from large owners to retail investors.

In total, shrimp control almost 7% of the current bitcoin issuance 😎

Binance To Retire Deposit Addresses On BTC, BCH, LTC, XRP, ADA, DOGE Networks
https://bit.ly/3NICl5a

Stock investors read the FOMC from the Fed 😡

Minutes from last week's Fed meeting showed that some in the meeting wanted to keep raising the rate. And almost all were in favor of another hike or more in 2023.

There was also the word "recession" in the minutes, but with the prefix "moderate" and after mentioning the likely scenario of slow economic growth (a soft landing).

So far we are seeing a well-deserved correction after the rise, but next we have:
▪️ labor market data tomorrow;
▪️ Wednesday U.S. inflation for June;
▪️ and then the media will launch scare stories about a very bad reporting season.

Just yesterday analysts estimated that the correlation between BTC and the S&P 500 went down, and today they are falling together again 🤷‍♂️

Breaking: Standard Chartered Revises Bitcoin (BTC) Price Prediction To $50000, $120K In 2024

https://bit.ly/46FK6kO

XRP was down to $0 today 🤔

On the Poloniex exchange, XRP dropped to $0 this morning, the reason is not entirely clear, most likely due to an exchange glitch.

The correlation between Bitcoin and altcoins in 2023 (in blue) is noticeably lower than the corresponding figures of the previous year (in orange). This means that the dependence in changes in the exchange rates of the above categories of cryptoassets has become smaller.

Obviously, the active growth of Bitcoin at the beginning of the year, when it surpassed most coins in terms of profitability, has an impact.

Breaking: BinanceUS, Crypto.com Joins Coinbase and Others To Relist XRP, Price Up 87%

https://coingape.com/breaking-binanceus-crypto-com-joins-coinbase-and-others-to-relist-xrp-price-up-87/?utm_source=mike&utm_medium=telegram

Major exchanges have started to re-list XRP 😎

Coinbase, Gemini and a number of others have re-listed XRP and allowed trading.

But we're still not over the $1 mark....

Glassnode: speculators are selling BTC 😡

A new report has shown that short-term holders are in a potential profit taking zone because they are over 80% in the plus side.

As this metric shows, speculators regularly sell in the early stages of a bull market and this may not affect the BTC cycle as a whole.

But it can really make hodlers nervous 😁

CoinMetrics analysts note a faster growth in the hashrate of the Bitcoin network in the first half of 2023. During this period, the indicator increased by 49 percent, while in the first half of 2022 it increased by only 22 percent.

Mining BTC is in trend, in general.

Former SEC spokesman John Reed Stark said that the current SEC will not approve Bitcoin-ETF 🤯

He argues that the current SEC will not approve the Bitcoin-Spot ETF and that the pressure from regulators on cryptocurrencies will never stop.

However, he noted that the change of power after the US elections may lead to changes in the approach to cryptocurrency regulation.

We are waiting...

SEC litigation against XRP may take place after April 2024 🤔

A lawyer for Ripple told the judge that the company is available for litigation at any time in the second quarter of 2024.

There is a feeling that we will die faster than we know the exact decision on the XRP and SEC court 😅

Breaking: FTX Claims Agent Kroll’s Cybersecurity Breach Compromised Claimants Data

https://coingape.com/breaking-ftx-claims-agent-krolls-cybersecurity-breach-compromised-claimants-data/?utm_source=mike&utm_medium=telegram

DOGE millionaire's fortune drops to $50k 😱

Glauber Contessoto bought Dogecoin for $250k, inspired by Ilon Musk's tweets. He didn't sell Dogecoin when his portfolio grew to $1m, and even at the $3m level, no coins were sold.

Now Glauber Contessoto is not selling because his investment in DOGE is only worth $50k. He believes Musk has a plan and still will 😇

Moral: don't get greedy and lock in profits, at least take what you invested from the market.

Binance Removes Cardano, MATIC, Pepe Coin, BTC & 35 Other Liquidity Pools, What It Means?

https://coingape.com/binance-removes-cardano-matic-pepe-coin-btc-35-other-liquidity-pools-what-it-means/?utm_source=mike&utm_medium=telegram

The investment division of the Binance crypto exchange called Binance Labs turned out to be the most active venture investor in the last six months. In particular, the company turned out to be the lead investor in 14 transactions out of 17. This means that it will take an active part in the work of the supported projects.

In second place is Coinbase Ventures. And although this division invested in 14 projects, it was the lead investor in only 2 cases.

Now the proportion of Ethereum lovers who hold their ETH at a loss has reached 44.2 percent of all investors. Accordingly, they bought coins more expensive than they are worth today.

At the beginning of July 2023, the figure was 27 percent, while its peak in the current bearish trend was 50 percent. Such is the difficult stage of the collapse of the market is obtained.

Breaking: IMF And FSB Releases G20 Summit Paper On Crypto Asset Regulation

https://coingape.com/imf-fsb-releases-g20-paper-crypto-asset-regulation/?utm_source=mike&utm_medium=telegram