Archive July 2024

Recent revelations from the Wall Street Journal have shed light on troubling elements regarding the family of Sam Bankman-Fried, the former CEO of the crypto exchange FTX. Previously unreleased emails show that his parents, Alan Joseph Bankman and Barbara Helen Fried, as well as his brother Gabriel, played significant roles in the financial and political management of the company. These new pieces of information could further complicate the legal issues surrounding the spectacular collapse of FTX.

The crypto world is in turmoil. Cryptocurrency exchanges, often seen as spaces of financial freedom, will soon have to comply with new rules imposed by the European Union. Starting from December 30, they will have to adhere to the "Travel Rule," a strict regulation aimed at strengthening the fight against money laundering and terrorism financing. Let's delve into this new regulation together and its potential impact on the crypto market.

The recent Bitcoin price correction has provided an attractive opportunity for ETF investors, who took advantage of buying the dip. Bitcoin Spot ETFs recorded impressive net inflows of $143.1 million on July 6, marking their largest monthly influx, according to Farside Monitoring.

The rise of Bitcoin spot ETFs has marked a significant advancement in the crypto world. However, despite regulatory approval and commercial success of these products, the majority of advisors are still hesitant to recommend cryptocurrencies to their clients.

Altcoins thrive while Bitcoin lags behind in this vast, highly volatile crypto market!

The gains of memcoins from March to May are wiped out, reflecting a significant correction in the crypto market.

Some developers are pushing for a soft fork on Bitcoin that is creating controversy.

Ethereum ETF: John Glover's opinion on the imminent impact on the crypto market