The FSC has filed charges of fraud, embezzlement, and breach of trust against Delio. Haru Invest, a subsidiary of Delio, halted deposits and withdrawals on June 13. As of June 30th, the South Korean Financial Services Commission (FSC) is reportedly looking into crypto lending company Delio, as reported by the local news portal Digital Asset. The FSC has filed charges of fraud, embezzlement, and breach of trust against Delio due to the company’s June 14 decision to temporarily halt customer deposits and withdrawals. Delio CEO Jung Sang-ho said the company will restart withdrawals at a special stockholders’ meeting on June 17. The business started accepting withdrawal requests for certain of its staking services on June 27. Prevented from Leaving Country To make up for it, Delio will obtain as much capital as possible to compensate, Sang-ho promised. With an estimated $1B in Bitcoin and $8.1 billion in other cryptocurrencies, Delio is presently one of the top crypto lenders in South Korea. Prosecutors are apparently conducting an inquiry, and in the meanwhile have ordered that the company’s CEO and top executives be prevented from leaving the country. Haru Invest, a subsidiary of Delio, halted deposits and withdrawals on June 13 due to a problem with a “consignment operator.” Delio followed suit the next day, perhaps owing to counterparty exposure. According to reports, most of Haru Invest’s employees have been let off since the news. The firm is reportedly suing its former service provider at the moment. The country’s Financial Intelligence Unit oversees Delio as a registered VASP (virtual asset service provider). According to industry reports, however, Haru Invest is not a VASP and is not subject to oversight. Allegedly, just before suspending withdrawals, Delio’s management denied any involvement with Haru Invest. Highlighted Crypto News Today: U.S Court Orders Kraken To Disclose User’s Info With IRS

Customers may continue to store and trade these tokens until September 18. U.S. SEC had classified ADA, MATIC, and SOL as unregistered securities. In light of recent regulatory changes in the U.S., crypto-friendly neobank Revolut will soon be delisting a number of digital assets from its platform. The Revolut team informed that the company plans to permanently remove tokens such as Cardano, Polygon, and Solana from its platform in the month of September. On June 29th, Revolut informed its American users of the move, saying that they will be unable to purchase ADA, MATIC, or SOL going forward. The spokesperson from Revolut emphasized that customers may continue to store and trade these tokens until September 18. The firm made an announcement to U.S. customers: Compliance With SEC In other countries outside the United States, Revolut continues to support the ADA, MATIC, and SOL, according to a company representative. The spokesman said that Revolut’s cryptocurrency support varies greatly by country. The firm stated: It’s not only Revolut that’s delisting these three coins. In the last few weeks, many major exchanges and trading platforms, including Robinhood, eToro, and Bakkt, have announced the delisting of ADA, MATIC, and SOL, thereby suspending all purchases. Earlier last month, it was revealed that the U.S. Securities and Exchange Commission (SEC) had classified ADA, MATIC, and SOL as unregistered securities. Highlighted Crypto News Today: South Korean Regulator Investigating Crypto Lending Firm Delio

Users who were active between January 1, 2016, and December 31, 2020, are included. Most cryptocurrency investors avoid paying taxes on their holdings and profits. According to a court filing, Kraken is required to disclose user identities to the IRS if they transact $20,000 or more in cryptocurrencies in a calendar year. Users who were active between January 1, 2016, and December 31, 2020, are included. Kraken users’ names, ages, tax numbers, residences, phone numbers, and email addresses will be disclosed as a result of a court order. Curbing Tax Evasion The government’s demands for information were too broad, and the court agreed with Kraken. Particularly, it concluded that the tax agency’s requirements for Know Your Customer/Know Your Customer Anti-Money Laundering data and information on users’ jobs, net worth, and source of income were excessive. Kraken is not obligated to provide this information to the IRS at this time. Kraken is required to provide user data as well as on-chain details like transaction hashes and blockchain addresses. Due to the impact of “chainsplitting” or hard forks on user holdings, which are not completely reflected in Kraken’s records. The exchange is required to give a substantial quantity of blockchain data. Since at least May 2021, when it was granted permission to issue a summons on the exchange. The IRS has been trying to get Kraken’s user data. This case started in February 2023, when authorities tried to execute the 2021 summons. The IRS has already gained access to user data from Coinbase, Circle, and SFOX, among others in the cryptocurrency industry. According to recent polls, most cryptocurrency investors avoid paying taxes on their holdings and profits even in jurisdictions where such a need exists. The IRS’s many attacks against cryptocurrency exchanges are an effort to thwart this. Highlighted Crypto News Today: Litecoin Halving Nears Final Countdown, Bullish Rally Promised?

Kim Jones, creative director of Dior Menswear, created a pair of trainers dubbed the B33. Each shoe will have its own digital equivalent, which will verify the sneaker’s authenticity. Dior, the high-end fashion label, has introduced a new collection of men’s sneakers that come with their own non-fungible token (NFT) and utilize the Ethereum network. Dior announced in a tweet on Friday that Kim Jones, creative director of Dior Menswear, created a pair of trainers dubbed the B33 for the label’s upcoming Fall 2023 collection for men. The NFT and online authentication mechanisms are what make these trainers special. Each shoe will have a “digital twin,” an NFT created on the Ethereum blockchain. This is identical to the physical shoe. This implies that each shoe will have its own digital equivalent. Which will verify the sneaker’s authenticity and provide consumers peace of mind. The retail price of the B33 trainers is $1,350, and there will only be 470 pairs available. Avoiding Blockchain Terms The B33 shoe line will expand to include six more designs, all of which will have an NFC chip embedded in the right footsole. The encrypted key connected with this chip will provide the user with access to a customized digital environment. Shoe buyers may verify the legitimacy of their footwear and have access to additional premium features on the website. These new variations will cost an average of $1,100. Dior’s use of blockchain technology is not surprising, given LVMH’s recent interest in Web3 and cryptocurrency. Also, Dior’s statement stands apart because of the company’s conscious decision to avoid using any blockchain-related terms. Moreover, Dior has opted to avoid promoting the B33 shoe line using LVMH’s previously popularised buzzwords such as Web3 and NFTs. Highlighted Crypto News Today: Dogecoin Rally Outpaces Rival Shiba Inu with Impressive 25% Gains

Litecoin’s all-time high of $110 highlights its growing prominence in the market. The upcoming third halving in four weeks fuels anticipation and market sentiment. Litecoin, the eldest altcoin, rejoices in the week of remarkable achievements. On June 30, the coin reached an all-time high of $110, marking a significant milestone. Adding to it, the Litecoin network processed over a million transactions in the last week. And the clear testament to the positive sentiment surrounding the coin is attributed to the upcoming Litecoin halving event, scheduled to occur in less than a month. However, For the past month, Litecoin had been trading in a stable red zone, showing minimal fluctuations. But Zooming out to a seven-day perspective, it has experienced a remarkable 14.29% increase, primarily driven by the surge witnessed yesterday which sent shockwaves through the crypto community considering a couple of days ago, it was trading around $81. LTC 7D Price Chart, Source: CoinMarketCap Present day, While the all-time high has slightly dipped, the coin has managed to maintain its elevated position. The price is up 10.70% with a current rate of $105. Litecoin Halving In Four Weeks: Peaks Excitement The positive trajectory largely attributes to the anticipation surrounding the upcoming Litecoin halving event. Scheduled for around August 2, 2023, the event will reduce the block reward for miners from 12.5 LTC to 6.25 LTC. Market sentiment perceives this reduction in block rewards as a bullish signal, contributing to the positive outlook. The previous halving events in Litecoin’s history have also generated considerable excitement. The first halving occurred on August 25, 2015, at a block height of 840,000. Subsequently, the second halving event took place at a block height of 1,680,000 on August 5, 2019. Now, as the third halving approaches, the crypto market eagerly awaits the potential impact it will have on Litecoin‘s value. With the halving event, the production rate of new LTC is tightened due to the reduction in block rewards. This increased scarcity contributes to the event’s bullish nature, as it reduces the supply of available coins. Consequently, many investors and market participants have hyped up the halving event, expecting it to have a positive effect on Litecoin’s price. As Litecoin continues to make headlines with its achievements and the impending halving event, it has captured the attention of the crypto community. The recent surge in price, coupled with the increased transaction volume on the Litecoin network, solidifies its position as a significant player in the cryptocurrency market.

Dogecoin (DOGE) spreads green in its chart with the rally of 5.5% DOGE trading volume soared over 232% in the last 24 hours. Dogecoin (DOGE), the largest meme coin in the cryptocurrency market, has experienced a substantial surge, surpassing its rival Shiba Inu (SHIB) with an impressive gain. At the time of writing, Dogecoin price rallied by more than 5.6%, leaving Shiba Inu trailing behind with a difference of 25%. This surge in value demonstrates the continued resilience and popularity of Dogecoin among investors. At the time of writing, DOGE traded at $0.06831 with a price surge of over 8.8% in the last 14 days. That has drawn significant attention. The surge in DOGE price is attributed to the growing support from high-profile figures, with none other than Twitter CEO Elon Musk expressing his fondness for the SHIB rival. Dogecoin (DOGE) Price Chart (Source: Tradingview) In addition to the price surge, the meme coin has also witnessed a staggering rise in trading volume. Over the past 24 hours, the trading volume for DOGE has skyrocketed by an astounding 232%, reaching an impressive $781 million. This surge in trading activity indicates the growing confidence and participation of investors in Dogecoin’s market. Also, the recent Elon Musk vs Mark Zuckerburge cage fight scenario fueled DOGE community interest. That led to increased demand and subsequent price appreciation for the meme coin. Further, Dogecoin’s rise to prominence as a meme-based cryptocurrency has captivated the attention of crypto enthusiasts. Recommended for you Dogecoin (DOGE) Price Prediction 2023

Fidelity updated the application after the SEC’s comment on the Bitcoin ETF filing. The trading volume of BTC has experienced a massive surge of over 100.02%. Fidelity, the global asset manager, has officially filed for its Spot Bitcoin ETF recently. The U.S. Securities and Exchange Commission stated that the filings made for the Bitcoin exchange-traded funds (ETF) by Blackrock and Fidelity were not sufficiently clear and comprehensive. After the SEC’s comments, Fidelity updated the application. The SEC stated that the recent proposals by Blackrock and Fidelity to launch spot bitcoin exchange-traded funds (ETFs) deemed inadequate. Moreover, the SEC has mentioned that the exchanges can submit the filings. Following the SEC announcement, Fidelity has updated its filing. On July 1, Fidelity named Coinbase, the leading crypto exchange, as its SSA counterpart in the updated Spot Bitcoin ETF filing. In response to the SEC’s comments, Fidelity swiftly updated its application, bringing Coinbase, the leading cryptocurrency exchange, on board as its Self-Supporting Account (SSA) counterpart in the amended filing. Coinbase Enters the Spot Bitcoin ETF The four issuers are among eight firms, including Fidelity, that want to launch the first set of US spot Bitcoin ETFs. The leading crypto exchange, Coinbase, would offer market surveillance in support of each of the four funds, a fact that wasn’t included in previous iterations. These other issuers, including BlackRock, declined to confirm whether Coinbase would involved. However, in the updated Spot Bitcoin ETF filing, Fidelity named Coinbase as its SSA. Being involved with the new crop of ETFs offered by Coinbase might result in an increase in income at a time when the volume of transactions on crypto exchanges is low. Following the Blackrock filings, seven other firms have filed for spot Bitcoin ETFs with the SEC. Moreover, this indicates traditional financial services corporations’ rising interest in entering the market for digital assets. At the time of writing, the trading price of Bitcoin is around $30,472, with an increase of over 0.10% in the last 24 hours. Moreover, the trading volume of BTC has experienced a massive surge of over 100.02%, according to CoinMarketCap. Highlighted Crypto News Today: BTC Experiencing a Downtrend: Examining the Catalysts Behind Bitcoin’s Current Drop

Altcoins, especially Litecoin and Solana, exhibit strong market growth. Innovations and listings significantly boost Ethereum Classic and Bitcoin Cash. The cryptocurrency market is currently witnessing a bullish surge. Besides major players like Bitcoin, alternate cryptocurrencies (ALT Coins) are significantly gaining traction. Uniquely, Solana (SOL), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), and Ethereum Classic (ETC) are making waves. Litecoin and Solana Shine Amidst Market Surge According to Tradingview analysis, Litecoin, for the first time since April, crossed the $100 mark, bolstered by its recent listing on EDX markets. Notably, LTC reached an intraday peak of $102.38, reflecting an impressive surge from the prior day’s low of $84.25. LTC/USDT 24-Hour Chart (Source: TradingView) Nonetheless, its value peaked at $106.62, a height not seen since April 18. Moreover, The market cap is currently at an impressive $7.76 billion, illustrating an overall bullish sentiment from traders. Furthermore, a decisive break from the resistance level of $98.00 indicates intense buying pressure, with the relative strength index (RSI) echoing a similar sentiment. Apart from Litecoin, Solana (SOL) has also exhibited a significant uptick in market activity. Reliable sources suggest that Solana experienced a 10% price jump on June 29. This bullish activity is reportedly linked to Debridge’s unveiling of a new cross-chain bridge, simplifying user interaction with different blockchains. Significantly, this innovation grants Solana users access to Ethereum’s virtual machine for the first time, enhancing the token’s utility and reach. Meanwhile, Ethereum holds its position strong in the current momentum, possibly setting its sight on the $2,000 milestone again. However, this upward trend hinges on Bitcoin’s price trajectory towards the $35,000 mark. Adding to the optimism, CME Group, a leading derivatives marketplace, has announced its intention to roll out Ether/Bitcoin Ratio futures on July 31, subject to regulatory review. This initiative, pending regulatory approval, aims to allow investors to capture ether and bitcoin exposure in a single trade. On the other hand, Bitcoin Cash has experienced an impressive rise of 70% in a week. This spike largely follows its inclusion on EDX, a Citadel Securities-Backed Crypto Exchange. In addition, transaction volumes have skyrocketed, with yesterday’s highest volume in a year, surpassing a staggering $750M. Ethereum Classic Makes Strides Last but not least, Ethereum Classic has news that excites its community. HebeSwap, in a recent announcement, disclosed their plan to roll out a new mobile wallet for ETC in July. Besides offering a more secure transaction experience, this wallet will feature offline signature transactions and multi-signature contracts. Hence, the security of users’ assets will be significantly heightened. In conclusion, the crypto market is undergoing dynamic growth led by these significant altcoins. As the market ebbs and flows, these moments of surge bring optimism and renewed energy among investors and traders. Furthermore, these altcoins’ strength showcases crypto’s potential to adapt and evolve amidst a fluctuating landscape. Highlighted Crypto News Today: BTC Experiencing a Downtrend: Examining the Catalysts Behind Bitcoin’s Current Drop

FTX exchange may be relaunching after navigating bankruptcy, sparking optimism. FTT token surged over 70% in value amidst FTX’s potential revival. FTX initiates discussions with investors to finance and reboot the platform. Following months of anticipation and uncertainty surrounding the fate of the defunct FTX exchange, recent reports indicate a promising resurgence may be on the horizon. The Wall Street Journal (WSJ) disclosed on June 29 that the troubled cryptocurrency platform is intensifying its efforts to relaunch while navigating the bankruptcy process. In response to these developments, FTT, the native token of FTX, experienced a remarkable surge in value, skyrocketing by over 70% in the past week alone. Commencing from $0.97, the FTX token saw its market value escalate by an impressive $233 million, reaching a total of $556.9 million. Speculation about an FTX revival has been circulating for some time, but the recent WSJ article suggests that the likelihood of this actually materializing is higher than previously believed. John J. Ray III, who assumed the role of CEO in November after FTX filed for bankruptcy, affirmed that the process of seeking interested parties for the reboot of FTX.com has commenced. According to reports, FTX has initiated preliminary discussions with potential investors regarding financing options for a future relaunch, including the possibility of a joint venture. The aim is to garner support for reviving the once-prominent exchange and reinstate its operations. This follows after in May, the United States Internal Revenue Service (IRS) took action by filing 45 claims accounts against FTX, totaling a significant amount of 44 billion dollars. FTT Token Price Dips, Trade Volume Surges, Optimism Grows CoinMarketCap data reveals a prevailing bearish sentiment toward the FTT token, as its price witnessed a minor decline of 2.66%, currently valued at $2.06. However, there is cause for optimism, as trade volume has surged by 17.52% in the last 24 hours, amounting to $196,905,829. This surge in trading activity hints at the potential for positive momentum to gather pace in the coming hours. Investors and enthusiasts eagerly await further developments regarding FTX’s potential relaunch. The recent upswing in FTT’s value reflects growing optimism and the market’s renewed confidence in the exchange’s prospects. As discussions progress and investor interest intensifies, the future of FTX appears brighter than ever.

Open Exchange Token led June’s gainers, growing 254%. Bitcoin Cash and Flex Coin followed, with 172% and 166% gains, respectively. Serum, Kaspa, Beldex, and Compound also delivered strong growth performances. As we bid farewell to June, it’s time to glance back at the month’s most significant crypto gainers. As volatility remains a constant companion in the crypto landscape, several tokens showed exceptional growth, significantly outpacing their peers. Here are the ten big winners that stole the limelight this June. Open Exchange Token ($OX) Takes the Lead On top of our list is the Open Exchange Token ($OX), boasting an impressive growth of 254%. The token commenced the month with a market cap of $120M, with the volume traded on Uniswap reaching $1.9M. Besides this, its price saw a robust upswing of 15.7% in just 24 hours, a development that inevitably captured the crypto community’s attention. In addition, Bitcoin Cash ($BCH), with a market cap of $5.67B, took second place with an impressive 172% growth. Moreover, the token’s 24-hour volume reached a whopping $1.42B on Binance, reflecting its increased market activity. Additionally, Flex Coin ($FLEX), traded on Uniswap, showed a substantial gain of 166% this month. Even though it experienced a slight 0.02% dip within the past 24 hours, it still maintains a strong market cap of $274M. Pendle, Marinade, and Nakamoto Games Defy the Odds Subsequently, Pendle ($PENDLE), Marinade ($MNDE), and Nakamoto Games ($NAKA) made their mark with robust performances. Pendle gained 114% this month, while Marinade and Nakamoto Games grew by 113% and 95.1%, respectively. Consequently, these coins traded primarily on Uniswap, Coinbase, and KuCoin, emerged as strong contenders in the crypto arena. Furthermore, Serum ($SRM), Kaspa ($KAS), Beldex ($BDX), and Compound ($COMP) also saw commendable growth. Serum rose by 93.9%, Kaspa grew by 69.6%, Beldex increased by 65.7%, while Compound, with a market cap of $367M on Binance, grew by 59.2%. In conclusion, while the crypto market’s unpredictability is given, these tokens’ stellar performances demonstrate the potential rewards that come with the risks. Hence, watching these shining stars is crucial, as they may lead the way the following month. Highlighted Crypto News Today: BTC Experiencing a Downtrend: Examining the Catalysts Behind Bitcoin’s Current Drop

KoinBX announces Verasity (VRA) listing, enhancing credibility and expanding reach. VRA trading pairs on KoinBX offer a seamless experience and convenience for users. KoinBX’s reputation as a reliable and secure platform strengthens Verasity’s credibility. KoinBX, India’s leading cryptocurrency exchange, made an exciting announcement regarding its platform’s upcoming Verasity (VRA) listing on its official Twitter account. Starting July 6, 2023, at 11:30 AM (UTC), users can easily deposit, withdraw, and trade VRA. To cater to Verasity enthusiasts, KoinBX has introduced two trading pairs, namely VRA/USDT and VRA/INR, providing traders the convenience of engaging with VRA using the USDT (Tether) and the INR (Indian Rupee). The partnership between KoinBX and Verasity carries immense promise for both platforms. Verasity, a rapidly growing blockchain-based video platform, aims to revolutionize the digital media landscape with its innovative video content and monetization approach. Consequently, being listed on KoinBX, a renowned exchange, will significantly enhance Verasity’s visibility and accessibility to a broader range of potential investors. KoinBX has made remarkable strides in cryptocurrency, further solidifying its position as a leading exchange. In addition to the Verasity listing, the platform recently announced the inclusion of LeverFi (LEVER) and secured a trademark in Europe, strengthening its position in the global crypto market. The availability of the VRA/USDT and VRA/INR trading pairs on KoinBX brings seamless trading experiences to Verasity users. USDT, a stablecoin pegged to the US dollar, offers stability and a haven during market volatility. Furthermore, the VRA/INR pair eliminates the need for multiple conversions, enabling Indian users to participate in VRA trading easily and conveniently. Verasity (VRA) To Expand in the Indian Market KoinBX’s reputation as a reliable and secure exchange platform significantly enhances Verasity’s credibility. Traders and investors can rest assured about the safety of their assets, as KoinBX employs robust security measures to safeguard user funds. Additionally, the platform’s user-friendly interface and seamless trading experience make it an ideal choice for both seasoned traders and newcomers in the crypto space. Therefore, the Verasity (VRA) listing on KoinBX represents a significant milestone for both platforms. Verasity gains a valuable listing on a reputable exchange, expanding its reach and attracting potential investors. Concurrently, KoinBX diversifies its portfolio by adding a good digital asset. It also provides its users with enhanced trading opportunities and access to the innovative Verasity ecosystem. In the past 24 hours, the VRA token has demonstrated bullish sentiment in the cryptocurrency market, witnessing a notable price increase of 1.53%. As of now, it is being traded at $0.005285. The bulls have successfully established a support level at $0.004985, indicating a strong foundation for the token’s value. Moreover, a resistance level has been set at $0.005459, representing the point at which the upward movement may encounter some selling pressure. This recent price action highlights the positive momentum and investor confidence surrounding VRA. Highlighted Crypto News Today: BTC Experiencing a Downtrend: Examining the Catalysts Behind Bitcoin’s Current Drop

Earlier, Bitcoin dropped below the $30,000 mark after briefly dominating above $31,000. Blackrock and Fidelity were not sufficiently clear and comprehensive. Bitcoin (BTC), the largest cryptocurrency by market capitalization, has experienced a significant drop, sending shockwaves through the crypto market. A report revealing the U.S. Securities and Exchange Commission’s comment on asset managers’ application for the launch of spot Bitcoin exchange-traded funds was the cause of this decline. On June 30, according to the SEC, the filings made for the Bitcoin exchange-traded funds (ETF) by Blackrock and Fidelity were not sufficiently clear and comprehensive. The SEC’s reaction to the BTC ETF filings has directly impacted the BTC trading price. After the comment, the trading price of BTC experienced a drop of nearly 1%. Traditional Finance’s Interest in Digital Asset Sector On June 16, Blackrock, the global asset management company, filed an application for a Bitcoin spot ETF. The road to a place in the Bitcoin ETF has been difficult. Despite four Bitcoin futures ETFs receiving approval from the SEC, no spot market ETF has yet to launch at that time. The whole crypto market has waited for Blackrock’s application approval, which may be the turning point for the Bitcoin ETFs. However, after a few days, the SEC approved the first leveraged Bitcoin futures exchange-traded fund (ETF). The 2x Bitcoin Strategy ETF (BITX) from Volatility Shares becomes the first leveraged crypto ETF to get approved in the United States. The approval of Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) has boosted the confidence of BlackRock. Moreover, it also increased traditional finance’s interest in getting into the digital asset sector. The approval results in a surge in the BTC trading price. Following that, Fidelity, the asset manager, officially filed for its Spot Bitcoin ETF recently. This is Fidelity’s second attempt to file for a similar project. The asset management company failed to get the SEC to approve a Bitcoin ETF in 2022. Moreover, the analyst states that BlackRock could maintain a possibility of approval as high as 50%. The case might afterward imply that Fidelity has an equal chance. SEC Deems Recent Proposals Inadequate However, in the end, the SEC stated that the recent proposals by asset managers to introduce spot bitcoin exchange-traded funds (ETFs) were deemed inadequate. The SEC’s response to the applications has shocked the whole crypto market. Moreover, the SEC added that it returned the filing because it didn’t mention the name of the spot Bitcoin exchange. According to the report, the Nasdaq and Cboe would have a surveillance-sharing agreement or offer enough information on the arrangement. And also, the filings can be resubmitted. The exchange plans to update and resubmit its filing. The SEC Decision’s Impact on Bitcoin The SEC’s decision started to have an impact on Bitcoin’s trading price. The trading price of BTC was last trading at $30,379, just below the flat line. Earlier, it dropped below the $30,000 mark after briefly dominating above $31,000. Bitcoin’s percentage supply on exchanges has experienced a decline of 11.07%. It is the lowest level in the last five years. There was a decrease in the percentage of BTC that were available on exchanges because 910,000 BTC were sent to wallet addresses rather than exchanges. At the time of writing, the trading price of Bitcoin is around $30,323, with a decline of over 0.81% in the last 24 hours. The trading volume of BTC has experienced a massive increase of 96.52%, according to CoinMarketCap.

The court ordered that the aforementioned altcoins be liquidated on or after July 1. The proposal was approved post consultation with Celsius and U.S SEC. The bankruptcy court has approved Celsius Network’s plan to convert all assets held in cryptocurrencies into Bitcoin and Ethereum. Judge Martin Glenn of the Southern District of New York has rendered a fresh judgment in the platform’s bankruptcy proceedings. And the liquidations will soon allow for the release of payment to creditors. One of the first companies to fail last year was Celsius Network. It was hit hard by the collapse of Terraform Labs and the devaluation of Terra (LUNA) and TerraUSD (UST), the tokens linked with it. Although Celsius Network’s bankruptcy declaration was filed a long time back. Creditors have not yet received closure, and the most recent decision has introduced new legal arguments. Classification of Securities The court ordered that the aforementioned altcoins be liquidated on or after July 1 in preparation for the distribution of assets to creditors. Following consultation between Celsius Network representatives and the United States SEC, the proposal was approved. Due to the SEC’s recent crackdowns, several of the leading cryptocurrencies have been classified as securities. Thus, necessitating their consolidation into BTC and ETH. Cardano (ADA), Solana (SOL), and Polygon (MATIC) are just a few of the cryptocurrencies that have been branded by the authority. Creditors are still around, although the sale of Celsius Network to the cryptocurrency consortium Fahrenheit was approved in May. The new owners have revealed their intentions to file for bankruptcy under new guidelines. The Fahrenheit coalition will not distribute the assets in any cryptocurrency other than Bitcoin and Ethereum, albeit the specifics of these plans are still unclear. Highlighted Crypto News Today: Bitcoin Supply on Exchange Drops to Lowest Level in Last 5 Years

Around 1.84 million wallet addresses have reportedly acquired 910,000 Bitcoins. The price of Bitcoin is $30,403 and is down 0.47% in the last 24 hours. In a major shift for the cryptocurrency industry, Bitcoin’s percentage supply on exchanges has dropped to 11.7%, the lowest level in the last five years. Around 1.84 million wallet addresses have reportedly acquired 910,000 Bitcoins, a significant sum in light of the rising demand for Bitcoin. BlackRock’s application of a spot Bitcoin ETF application and the introduction of the EDX Markets crypto exchange are two possible explanations for the depletion of BTC on exchanges. As a result of these changes, major financial institutions are showing renewed curiosity about Bitcoin, and some are even considering refiling their ETF applications with the US SEC. All Eyes on SEC Post the SEC’s approval, investors may now get leveraged exposure to Bitcoin price swings, increasing their potential gains. To a large extent, Bitcoin’s continued position above the $31,000 barrier may be attributed to the advent of such a financial instrument. There was a drop in the proportion of Bitcoins available on exchanges due to the fact that 910,000 Bitcoins were transferred to wallet addresses rather than exchanges. According to K33 Research’s most recent market statistics, Bitcoin gained 30% and accounted for 50% of overall trading volume during U.S. market hours. As the price of Bitcoin skyrocketed during U.S. trading hours, demand soared beyond supply, driving prices even higher. The Bitcoin exchange-traded fund (ETF) $BITO had its highest weekly inflow in a year, according to Bloomberg Senior ETF Analyst Eric Balchunas, and its trading volume on Friday was enormous, at 500 million shares. According to CMC, the price of Bitcoin is $30,403 and is down 0.47% in the last 24 hours. Highlighted Crypto News Today: Shiba Inu (SHIB) 1804% Burn Rate Breaks Records, Fueling Price Surge

The purpose of the bill is to strengthen crypto regulation and shield investors from fraud. The FSC will monitor crypto operators and custodians. In a time when the cryptocurrency sector is facing regulatory hurdles elsewhere, notably in the United States, South Korea enacted its first independent virtual asset law on Friday. The purpose of the bill is to strengthen crypto regulation and shield investors against mishaps like Terra-LUNA, which was precipitated by Terra co-founder Do Kwon. The “Virtual Asset User Protection Act” was enacted at the June 30 plenary session of the National Assembly of South Korea. The law consolidates 19 pieces of crypto-related legislation, including definitions of digital assets, penalties for offences including insider trading and market manipulation, and expanded authority for the Financial Services Commission (FSC). Strict Penalty It’s the country’s first piece of domestic law protecting users of virtual assets and limiting unfair trades. The Political Affairs Committee of the Korean National Assembly approved the cryptocurrency law in May, and the Judicial Affairs Committee cleared it on June 29. The FSC will monitor crypto operators and custodians. On the other hand, the Bank of Korea may investigate such platforms. Moreover, insurance, reserve money, and documentation are all required. Rules will apply to cryptocurrencies like Bitcoin, while the Capital Markets Act governs tokens classified as securities. The law also aspires to provide the groundwork for sanctions and accountability for damages resulting from unfair crypto trading. According to reports, the penalties for breaking the new regulations include mandatory minimum sentences of at least one year in jail and/or hefty fines. For gains made by unfair trading, for instance, the Financial Services Commission may levy a penalty equal to double that amount. Highlighted Crypto News: Bitcoin Supply on Exchange Drops to Lowest Level in Last 5 Years

The price of LTC has risen by almost 28% in the last 24 hours, breaching the $100 level. The recent momentum has taken LTC back into the top 10 in the list as per CMC. The next Litecoin halving is scheduled for August 2, 2023, at block 2,520,000. The network hash rate has already hit an all-time high, which is good news for Litecoin miners as they wait for the highly awaited event. The price of LTC has risen by almost 28% in the last 24 hours, breaching the $100 level. Bitinfohcharts reports that this week, the hash rate for Litecoin reached a new all-time high of 797.72 tera hash/second (Th/s), which is a measure of the computational capacity of the network as a whole. Despite the tremendous volatility in LTC’s price trajectory over the last month, the hash rate data have been on a steady upward trend. Strong Bullish Momentum Litecoin’s hash rate reached an all-time high of 523 Th/s during the last halving event before sharply declining. Midway through 2022 was when the metric started climbing again. Litecoin’s hash rate and mining difficulty are both close to their respective ATHs, with both now sitting at about 26.38 million. This pattern indicates that it is becoming harder for miners to find new blocks and earn rewards. The block reward will be cut in half, from 12.5 LTC to 6.25 LTC, during the future halving, which is scheduled to occur on August 2, 2023, at block 2,520,000. Moreover, the recent activities have taken LTC back into the top 10 in the list as per CMC. Litecoin now ranks at 9 above Solana. On the other hand, as per statistics from Kaiko, Litecoin ranks number 5th. This list takes into account market depth with volume combined. The value of LTC has also been rising rapidly recently. The trading volume is up almost 500% as investors are optimistic and excited over upcoming event. Highlighted Crypto News Today: Bitcoin Supply on Exchange Drops to Lowest Level in Last 5 Years

Manchester, UK, June 30th, 2023, Chainwire Manchester City and OKX, one of the leading crypto exchanges by trading volume and a leading Web3 technology company, today announced OKX as the Club’s Official Sleeve Partner in a new multi-year agreement. As part of the expanded deal, the OKX brand will feature on the left sleeve of both the men’s and women’s first team playing kits and will retain its position on the left sleeve of the first team training kits, in addition to appearing across further digital and physical club assets. OKX’s partnership with Manchester City began in March 2022, first expanding in July 2022 to become the Club’s Official Training Kit Partner for the 2022/23 season. To date, the partnership has helped introduce the brand to millions of football fans around the world through innovative Web3 experiences like the OKX Collective, through which fans can get up-close-and-personal with Manchester City players and OKX Ambassadors such as Jack Grealish and Alex Greenwood. The partnership expansion was unveiled at an exclusive reveal at the Etihad Stadium featuring City Football Group Chief Executive Officer Ferran Soriano and OKX Global Chief Marketing Officer Haider Rafique. As part of the event, the sleeve was unveiled in a ‘virtual reveal’ with a hero video featuring player avatars. Manchester City legend Gaël Clichy was also in attendance for a media Q&A. In a session moderated by Manchester City presenter Natalie Pike, Rafique and Soriano spoke about OKX’s vision of reaching City fans around the world through the partnership. They also discussed the role Web3 technology can play in fan engagement, especially when it comes to designing engaging, immersive experiences for fans. The sleeve partnership brings us closer to City fans across the globe, and we look forward to collaborating to create unique, exciting and innovative engagements through Web3 technology. As the Club’s Official Cryptocurrency Exchange Partner, fans can expect amazing things every time they interact with OKX.” About OKX OKX is a world-leading technology company building the future of trading and Web3. Its leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps. OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com About Manchester City Football Club Manchester City FC is an English Premier League club initially founded in 1880 as St Mark’s West Gorton. It officially became Manchester City FC in 1894 and has since then gone onto win the UEFA Champions League, European Cup Winners’ Cup, nine League Championship titles, seven FA Cups and eight League Cups. Manchester City FC is one of 13 clubs comprising the City Football Group. Under manager Pep Guardiola, one of the most highly-decorated managers in world football, the Club plays its domestic and UEFA Champions League home fixtures at the Etihad Stadium, a spectacular 53,500 seat arena that City has called home since 2003. Today, the stadium sits on the wider Etihad Campus, which also encompasses the City Football Academy, a state-of-the-art performance training and youth development facility located in the heart of East Manchester. Featuring a 7,000-capacity Academy Stadium, the City Football Academy is also where Manchester City Women’s Football Club and the Elite Development Squad train on a daily basis and play their competitive home games. Disclaimer OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AS THE VALUE OF YOUR ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. Contact Media [email protected] 0788118718

TORONTO–(BUSINESS WIRE)–$ETHC–On June 15, 2023, Ether Capital Corporation (“Ether Capital” or “the Company”) announced that it had received regulatory approval to commence a Normal Course Issuer Bid (“NCIB”). The Company also announced its intention to purchase up to 2,566,662 of its common shares, representing 7.5% of its total issued and outstanding common shares. On June 29, 2023, Ether Capital entered into an agreement with a Canadian dealer for an Automated Securities Purchase Plan. Such agreement will permit the Canadian dealer to purchase the Company’s shares on pre-arranged terms during periods that the Company adheres to a trading blackout for its employees. Trading blackout periods commence on the first day of a fiscal quarter, such as July 1, 2023 and end two business days after the Company announces its quarterly or annual financial results. About Ether Capital Corporation Ether Capital (NEO: ETHC) is a public company that invests its balance sheet in Ethereum’s native utility token “Ether” as a core strategic asset while generating yield through staking the majority of its Ether balance with the primary goal of being a net-accumulator of Ether. It develops unique intellectual property in its pursuit to maximize profits and optimize total return from staking. Ether Capital’s management team and Board of Directors is composed of crypto natives, leading venture capitalists and traditional finance experts, which uniquely positions the company to identify and capitalize on opportunities in the digital asset ecosystem. For more information, visit http://ethcap.co. The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement, or public offering of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is an offence. Information in this press release is current only as of the date provided and Ether Capital is under no obligation to update this information, other than in accordance with applicable securities laws. Forward-Looking Information This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. The Company cautions the reader not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Generally, but not always, forward-looking information can be identified by the use of forward-looking terminology such as “targeting”, “projected”, “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “on pace,” “anticipates,” or “does not anticipate,” “believes,” and similar expressions or state that certain actions, events or results “may,” “could,” “would,” “should,” “might,” or “will” be taken, occur or be achieved. Forward-looking statements are based on information available to management at the time they are made, management’s current plans, estimates, assumptions, judgments and expectations, including management’s expectations about its ability to implement anticipated cost reductions as a result of the anticipated reduction of workforce and related expenses, anticipated reduction in spending related to marketing, business development and professional services, and changes made to internalize staking costs and related implementation costs, and its ability to implement such cost reductions within its expected timeframe. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, shareholder returns, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to the overall macroeconomic environment and specifically the digital asset market, including volatility in the price of Ether; potential fluctuations and declines in the yield generated from staking Ether; potential fluctuations in consulting fee revenue which is linked to the future price of Bitcoin and Ether; differences between the projected and actual costs of staking Ether; the ability to achieve anticipated cost savings due to unforeseen events; the ability to achieve desired outcomes in executing the NCIB program; as well as the risk factors discussed in the Company’s Annual Information Form dated March 23, 2023, the Risk Factors section in its most recently filed Management Discussion and Analysis and its other filings available online at www.sedar.com. Although the forward-looking information contained in this press release is based on assumptions that the Company believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. In addition, the Company cautions the reader that information provided in this press release is provided to give context to the nature of some of the Company’s future plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws. Contacts Brian Mosoff Chief Executive Officer [email protected] Jillian Friedman Chief Operating Officer [email protected] Ashley Stanhope Senior Associate, KPW Communications [email protected]

Ethereum co-founder Vitalik Buterin defends Solana (SOL) amid the SEC turmoil He emphasizes that the real competition is not the chains but “the rapidly expanding centralized world On the heels of regulatory challenges from the U.S. Securities and Exchange Commission (SEC), Solana (SOL) has found support among some OG crypto natives. Taking to Twitter on June 30, Vitalik Buterin, the enigmatic co-founder of Ethereum, wrote that Solana is facing unprecedented challenges that may prove strenuous for the crypto industry in the long run. He added that competition among blockchains must first deal with the challenges posed by centralized finance, or CeFi, before going on to develop a more robust crypto ecosystem as a whole. “This is especially true since the real competition is not other chains, it’s the rapidly expanding centralized world that is imposing itself on us as we speak.” After wishing Solana the best in their current regulatory challenges, he offered some final words of solace. “I wish all honorable projects a fair outcome in this whole situation.”His tweet has been garnering support among many in the crypto community. Udi Wertheimer from Taproot Wizards responded: “A confident founder doesn’t FUD [short for fear, uncertainty and doubt other projects, he embraces competition as a healthy force for progress and fears a world where competitors are no longer around.” While Anatoly Yakovenko, co-founder of Solana labs, stressed that he was proud Buterin was taking a stand. He also added: Over the past 24 hours, according to CoinMarketCap, the price of SOL has soared more than 5% reclaiming the coveted $19 price point. Remarkably, the 24-hour trading volume of Solana (SOL) spiked by over 100%. Highlighted Crypto News Today Solana (SOL) Price Turns to Bullish Will the Trend Continue?

NexTech Week Tokyo [Autumn], the highly anticipated comprehensive trade show on advanced technologies, is poised to stage a remarkable new edition with an impressive lineup of 300 exhibitors and an estimated 40,000 visitors at Makuhari Messe in Japan on October 25 to 27. The event is known for bringing together cutting-edge innovations and industry-leading research and applications. And with Japan’s thriving market in next-generation technologies, NexTech Week Tokyo [Autumn] promises to be an unparalleled platform for exhibitors to showcase their latest products and services in AI, blockchain, quantum computing, and DX human resource development. Professionals from around the world are invited to participate in this three-day event, which offers unparalleled opportunities for networking, engaging in panel discussions led by prominent industry leaders, experiencing product demonstrations, and receiving live technical consultations. Visitors can experience firsthand the future of robotics, generative AI, augmented reality, Web3, DAO, virtual reality, and other cutting-edge technologies that are shaping industries worldwide. Additionally, as the event is co-located with XR Fair Tokyo and Metaverse Expo Tokyo, these exhibitions will showcase hundreds of companies, unveiling the latest innovations and services in virtual platforms, digital twin, content production, mixed reality, and more. The resounding success of the Spring edition, which saw a record-breaking attendance of 30,414 visitors from 30 countries and featured an impressive showcase of 256 exhibitors, further solidifies NexTech Week Tokyo’s position as Japan’s premier tech exhibition. As the countdown begins, the event’s management is calling upon tech companies, entrepreneurs, and innovators to seize this unique opportunity and join the event as exhibitors. Limited booth spaces are still available, and additional information can be found on NexTech Week Tokyo’s official website. This is a not-to-be-missed opportunity to connect with industry professionals, gain insights into the latest trends, and explore real-world case studies. Visitors can likewise learn more about the conference and register on the website. Join NexTech Week Tokyo and immerse yourself in the forefront of technological advancements. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.