A crypto enthusiast sent an ordinal with the message "HODL" to a Bitcoin address belonging to the US government. ?

It's doubtful that any of the recipients will find it valuable. ?

Top 10 blockchain protocols generating the most fees per day:

1. Tron - $4.24 million
2. Jito - $3.19 million
3. Lido Finance - $2.95 million
4. Solana - $2.31 million
5. Ethereum - $1.41 million
6. Uniswap - $1.18 million
7. Aave - $1.05 million
8. Bitcoin - $553,210
9. BNB Chain - $330,460
10. PancakeSwap - $285,810

? Here’s proof that blockchain is not just about token sales but also a thriving business. And Justin Sun is a standout for creating such a lucrative enterprise! ?

The number of active weekly users on the Solana blockchain has exceeded 10 million for the first time, setting a new all-time high.

US Senator Who Criticized Bitcoin Found Guilty of Corruption

Bob Menendez, a Democratic senator from New Jersey who called the first cryptocurrency "the perfect choice for criminals," has been found guilty of accepting bribes in cash and gold bars. ?

? According to NBC News, the jury agreed on all 16 counts, including bribery, extortion, acting as a foreign agent, obstruction of justice, and various conspiracy charges.

?? The German government has issued an official statement for the first time regarding the sale of 50,000 confiscated bitcoins. ?

Previously, all sales were reported exclusively by third-party analysts based on wallet data. ?

? According to the statement, 90% of the coins were sold through over-the-counter transactions without directly affecting the market price. ?

? The bitcoin sales were conducted under the so-called emergency sale as per the relevant article of the criminal code. The bitcoins were confiscated from the operators of the pirate site movie2k.

By law, if there is a risk of losing 10% or more of the confiscated asset's value, it must be sold even if the criminal proceedings are not completed. ?

The revenue from the bitcoin sale amounted to €2.64 billion. These funds will be added to the budget only after the final conclusion of the criminal proceedings.

*? Another perspective to compare the potential BTC sell-off from Mt. Gox (0.7% of the total BTC supply) is to look at it in relation to the size of upcoming token unlocks (Wormhole, Mode, The Sandbox, Avalanche). ?*

Quite illustrative. ?

Citi Predicts Start of Fed Rate Cuts in September

? Starting in September and continuing through the next seven meetings until July 2025, the Federal Reserve will reduce the key interest rate eight times by 25 basis points each, totaling a 2% reduction, according to Citi analysts.

? The regulator is expected to maintain the key rate at 3.25% until the end of next year.

? Experts noted that the Fed is likely to change its policy as the economy is "heading towards a sharp downturn." ?

? Signs of this include rising unemployment to 4.1% and cooling business activity in the services sector. Citi also highlighted the "dovish" tone of recent comments by Fed Chair Jerome Powell.

? On July 9 at 14:00 UTC, the Fed Chair will speak before the Senate Banking Committee. Signals regarding adjustments to monetary policy can be expected.

As of now, the swaps market estimates a 70% chance of a rate cut in September, according to Bloomberg. ?