Get ready to dive into the exciting realm of cryptocurrencies with EmoneyMax crypto weekly news. We bring you concise updates on the ever-evolving landscape. Discover the hottest trends, new projects, and expert insights to stay ahead in the crypto game.
BTC stalls at $30,000
After a quiet weekend before, Bitcoin finally went on the offensive on Tuesday to finally close at $31,000. A subsequent bounce took it to $30,200, but the bulls faltered again on Thursday.
This time, they managed to trigger a more impressive price surge that took BTC to $31,500, its highest price in over a year. However, the cryptocurrency failed there and dropped further, this time below $30,000.
He was able to bounce back before the weekend and claim the coveted $30,000 round. As trading volume declined on Saturday and Sunday, the asset has remained just a few inches above that level so far.
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EmoneyMax about Altcoins
A dispute between Genesis and FTX over funds is likely to delay payment to creditors;
According to US Bankruptcy Judge Sean Lane, Genesis, whose payment plan was pending approval, will first have to resolve its outstanding issues with FTX.
The announcement comes just hours after Cameron Winklevoss’ ultimatum to DCG CEO Barry Silbert was passed. Meaning another lawsuit against parent company Genesis is also on the horizon. The response to this ultimatum, which would force DCG to comply with the payment plan, may initially be beyond DCG’s control.
Tether Announces Expansion of Euro EURT, XAUT to ‘World’s First Social Infusion Exchange’ ;
Euro Tether (EUR₮) and Tether Gold (XAU₮) received new listings.
The stablecoin issuer has announced the listing of Euro Tether (EUR₮) and Tether Gold (XAU₮) on XT.COM. Which calls itself “the world’s first socially-enabled exchange”. The latest move allows platform users access to XAU₮, which denotes ownership of physical gold, and the ability to trade EUR₮, a stablecoin pegged 1:1 to the euro.
News of the expansion comes at a time of increasing scrutiny in the stablecoin industry.
The addition of EUR₮ and XAU₮ also gives XT.COM users access to two stablecoins developed by Tether, the company said in a statement.
Tether CTO Paolo Ardoino commented on the upcoming offerings, stating:
“As the company behind the leading stablecoin in the market today, recognized for its exceptional liquidity, expanding market share, and widespread acceptance, this further emphasizes our steadfast commitment to unlocking financial liberation and fostering economic inclusivity for communities worldwide.”
Bone ShibaSwap enters the Top 100 after a 50% weekly increase;
Several tokens in the Shiba Inu ecosystem have experienced impressive growth over the past 24 hours.
As with previous weekends, Bitcoin flattened out and did not create significant volatility in either direction over the weekend as trading volume declined.
Most altcoins have negligible daily highs and lows, except for BONE, INJ, and SHIB.
XRP Lawyer Says Ripple’s Victory in SEC Lawsuit May Invalidate Investor Class Action;
John Deaton, a crypto attorney and legal representative for XRP owners in the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC), revealed that the recent class-action lawsuit against the company is likely to be dismissed if the company wins the case.
In a recent tweet, Deaton said that a class action lawsuit is the least of Ripple’s worries.
The class action lawsuit in question was affirmed on June 30 by Judge Phyllis Hamilton of the US District Court for the Northern District of California. The class action alleges that Ripple Labs, its CEO Brad Garlinghouse, and its subsidiary XRP II were involved in raising hundreds of millions of dollars from the sale of XRP to retail investors.
The plaintiffs accused the defendants of violating the registration provisions of state and federal securities laws by selling crypto assets labeled as unregistered securities.
OpenAI removes the ‘Browse with Bing’ feature from ChatGPT due to copyright and privacy concerns;
ChatGPT Plus was programmed to access the latest information online, which allegedly resulted in accidental access to protected content.
OpenAI has disabled Browse with Bing, the web browsing feature available to ChatGPT Plus users.
In a series of tweets, OpenAI argued that the navigation function can sometimes return results in an unwanted way.
Shiba Inu (SHIB) Memecoin is experiencing renewed market demand;
SHIB has dropped significantly this year, only 5% higher in the last week.
The memecoin resurgence seems to have passed, but that hasn’t stopped the Shiba Inu token (SHIB) from rising to prominence. On July 5th, SHIB was one of the tokens responsible for the highest transaction fees, indicating an increase in activity around it.
Recent data shows that the SHIB network has experienced significant growth. Another key trend that supports the bullish narrative is that asset supply in equity markets is hovering around the lowest level since 2022.
CZ Says Multi-Chain Hack Does Not Affect Binance Users’ Assets
While CZ offered assistance, Binance will continue its decision to end support for deposits and withdrawals for multiple multi-chain bridge tokens.
Changpeng Zhao (CZ), CEO and founder of major cryptocurrency exchange Binance, announced that the recent attack on the Multichain router protocol did not affect his company’s users, assets, and platform.
A Binance executive tweeted that the exchange had completed all asset trades and closed deposits sometime before the incident.
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