?? South Korea to tighten crypto exchange oversight with new monitoring system
South Korea’s Financial Supervisory Service (FSS) plans to tighten oversight of crypto trading platforms under its jurisdiction to eliminate fraudulent transactions. In a July 4 notice, the regulator announced that local exchanges must establish a “continuous monitoring system for unfair transactions” and report “abnormal transactions” via a dedicated transmission line.

Source

https://t.me/CryptoNewsSource

? Crypto market sees $295 million in liquidations across exchanges over past 24 hours
Bitcoin has been beset by heavy selling pressure in the past 24 hours, causing the digital asset to fall below the $60,000 support level and reaching a recent low of around $57,800. There were over $77 million in bitcoin long liquidations across centralized exchanges in the past 24 hours — out of a total of $92 million in liquidated BTC positions, according to data from Coinglass. The broader cryptocurrency market saw over $295 million in liquidations on centralized exchanges, with around $259 million in long positions.

Source

https://t.me/CryptoNewsSource

? Riot Platforms boosts bitcoin mining production by 19% in June as Marathon Digital sees slight decline
Bitcoin mining firms across the industry have released statistics detailing their mining activity and energy consumption in June, as the companies continue to respond to the dramatic shift from April's halving event with greater investment in the latest-generation infrastructure and long-term energy procurement deals. Riot Platforms managed to outperform its bitcoin mining activity from May with a 19% increase in the number of bitcoin mined month-over-month, earning 255 BTC in June compared to 215 BTC in May.

Source

https://t.me/CryptoNewsSource

? Coinbase partners with payments firm StripeThe crypto exchange giant Coinbase and payment firm Stripe have penned a partnership. Stripe will incorporate Coinbase's Layer 2 network Base into its crypto payout products, and Coinbase will add Stripe as a way for its customers to buy crypto with credit cards or Apple Pay inside the Coinbase Wallet, according to a Coinbase release published Thursday.

Source

https://t.me/CryptoNewsSource

*? *VanEck files for spot Solana exchange-traded fund (ETF)

VanEck has filed plans with the US Securities and Exchange Commission to create a spot Solana exchange-traded fund (ETF). If approved, the VanEck Solana Trust will reflect the performance of the price of the blockchain network’s native SOL token. However, the filing stated that the Trust has no plans to stake the SOL tokens for staking rewards.

Source

https://t.me/CryptoNewsSource

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? Kraken CEO says Biden Administration is 'softening' toward cryptoKraken CEO Dave Ripley described the Biden Administration as "softening" its stance toward crypto during an interview on CNBC Thursday. "When we came into this year, the executive branch has been, via the SEC, strongly negative to cryptocurrencies," Ripley said in the interview with CNBC "Squawk Box" host Joe Kernan. "But, there have been many supporters throughout the U.S. government. I visit D.C. periodically and met with many people in Congress, the Senate, and there are a number of supporters there.

Source

https://t.me/CryptoNewsSource

? Perpetual futures trading volume surges as Bitcoin spot trading lagsBitcoin derivatives market has been a whirlwind of activity. Trading volumes for perpetual futures took a nosedive from $53.156 billion on June 12 to just $10.910 billion by June 15, only to rebound drastically to $51.239 billion by June 18. Interestingly, these fluctuations did not exactly mirror Bitcoin’s price movements, exposing a complex interplay of market factors.

Source

https://t.me/CryptoNewsSource

? Bitwise Investments Updates Ethereum ETF Filing, Reveals $2.5M Seed InterestBitwise Investments, a prominent cryptocurrency asset management firm that offers diverse investment products and services focused on digital assets, has updated its ether-based exchange-traded fund (ETF) S-1 filing with the U.S. Securities and Exchange Commission (SEC), revealing $2.5 million in seed investment interest.

Source

https://t.me/CryptoNewsSource

? Gensler confirms spot Ethereum ETFs will be approved ‘this summer’ during Senate hearingSEC Chair Gary Gensler said the regulator expects to approve the spot Ethereum ETF applications’ S-1 registration forms “sometime over the course of this summer,” which would be the final step before the funds can launch in the US. The watchdog recently approved the related 19b-4 applications filed by stock exchanges in May. However, the approval of S-1 registration forms from individual issuers is still pending.

Source

https://t.me/CryptoNewsSource