*? BREAKING: ?? Federal Reserve cuts interest rates by 50bps for the first time in 4 years.*

? @Cryptocurrency_Inside ✅

?? SEC Takes Action Against Fake Crypto Platforms Using Social Media to Deceive Investors
The U.S. Securities and Exchange Commission (SEC) has cracked down on two crypto investment scams, targeting platforms Nanobit and Coinw6. Involving fake relationships to deceive victims via social media, these schemes siphoned millions from unsuspecting investors. The charges mark the first SEC enforcement actions against such scams.

Source

https://t.me/CryptoMarketTime

? Binance reiterates assertion it never owned or controlled WazirX amid ongoing $230 million hack fallout
Crypto exchange giant Binance reiterated its claim that it does not own, control or operate WazirX in any way and accused a director of its parent company of making “misleading statements” to the contrary on Tuesday. WazirX suffered an exploit resulting in the unauthorized transfer of over $230 million worth of crypto assets on July 18. The exploit targeted the exchange’s multisig wallet on the Ethereum network, potentially resulting from a private key compromise, and drained the funds.

Source

https://t.me/CryptoMarketTime

? Galaxy Digital sees up to $7.5 billion flowing into ETH ETFs within first five monthsGalaxy Digital said exchange-traded funds tracking Ethereum’s native token, could become a multi-billion market opportunity soon after approval. The U.S. Securities and Exchange Commission recently changed course to accelerate the approval of these funds, with some analysts predicting the first ETH ETFs approvals could come in next week. The SEC has yet to approve the crucial S-1 filings needed for the funds to hit the market.

Source

https://t.me/CryptoMarketTime

⚡️ State Street and Galaxy Digital launch crypto ETFs aimed beyond BitcoinState Street Global Advisors, a subsidiary of the third-largest ETF issuer State Street, has joined the growing trend of traditional financial institutions exploring crypto ETFs. The firm has already filed an application with the US Securities and Exchange Commission (SEC) to register SSGA Active Trust, a crypto-focused fund. As of March this year, State Street Global Advisors managed assets exceeding $4.3 trillion, while Galaxy Digital oversees approximately $6.2 billion.

Source

https://t.me/CryptoMarketTime

?? JUST IN: ?? Barcelona to ban AirBNB and other apartment rentals for tourism by 2028, citing soaring housing costs for residents.

@FinancialWorldUpdates

?? US CFTC investigating trading firm Jump's crypto activity: FortuneThe U.S. Commodity Futures Trading Commission is investigating trading firm Jump, according to reporting from Fortune. The derivatives regulator is specifically looking into the firm's crypto involvement, such as trading and investing, Fortune reported on Thursday. The CFTC did not immediately respond to a request for comment from The Block. Jump declined to comment when contacted by The Block.

Source

https://t.me/CryptoMarketTime

? Bitcoin dominance surges past 50% again despite market volatilityBitcoin’s market dominance, the market share of bitcoin’s market capitalization relative to the total market capitalization across crypto tokens, shot up to 52.92% over the weekend, climbing up from below 50% at the end of May. Bitcoin is the largest crypto asset by market cap, and its market dominance has not fluctuated much over the past year. It has stayed within the range of 44% and 53%, boosted since last summer as the excitement around spot ETF approvals lifted bitcoin relative to its peers.

Source

https://t.me/CryptoMarketTime

? Kraken discloses it was exploited for nearly $3 million in bug that has now been fixedKraken disclosed nearly $3 million was taken from its wallets following a bug-related exploit that's since been fixed. The crypto exchange received a bug bounty program alert on June 9, according to Kraken’s Chief Security Officer Nick Percoco. The alert warned it to an “extremely critical” bug, allowing an attacker to artificially inflate their balance on its platform.

Source

https://t.me/CryptoMarketTime

? Bitcoin miner Bitfarms stock surges after raising 2025 guidance to over 35 EH/sBitcoin miner Bitfarms has reiterated the Riot Platforms takeover proposal would not be in the best interest of its shareholders and later announced it entered into an agreement to develop its first large-scale mining site in the United States, which will boost the miner's overall power capacity. As a result, this raises Bitfarms' 2025 power capacity to 648 megawatts, 170% growth from its current capacity and up 47% from its targeted year-end 2024 capacity.

Source

https://t.me/CryptoMarketTime