bitcoin
1. Market analyst Michaël van de Poppe believes both cryptocurrency and commodities markets are undervalued. 2. Commodities are currently valued at levels similar to 2000 and 1971. 3. Van de Poppe expects a 10-year bull market for commodities and crypto assets. 4. Analysts predict a Bitcoin breakout in October, potentially
abandonment
* Friend.tech, a decentralized social network, announced the cessation of its development. * Crypto enthusiasts failed to get a crypto-related question featured in a live presidential debate. * Trump's family's DeFi project, World Liberty Financial, will launch via a Twitter Spaces event. * The project aims to embrace crypto
cftc
* The US Commodity Futures Trading Commission (CFTC) is fighting to stop prediction marketplace Kalshi from offering election betting contracts. - * The CFTC argues that prediction markets can be manipulated, citing incidents on competitor platforms. * Kalshi won its initial case against the CFTC, but the agency has filed an appeal and
bitcoin
* BitcoinOS claims to have verified a zero-knowledge proof on the Bitcoin mainnet, enabling upgrades without forking the code. * Brollups proposes a trustless Bitcoin-native rollups design using pre-signed transactions. * Fractal is a Bitcoin sidechain focused on scaling transactions, with code closely resembling Bitcoin's base layer. * Babylon introduces staking to
crypto
* Kraken, a centralized cryptocurrency exchange, denies SEC's claim of violating securities laws. * Kraken argues that the 11 crypto assets in question do not meet the legal definition of securities. * The exchange cites a previous court ruling and lack of regulatory guidance as defense. * SEC accused of lack of
binance
* England's High Court of Justice ruled that Tether's USDT stablecoin is considered property under English law. * The ruling coincides with the government's proposal to classify cryptocurrencies as property. * The case was brought by a victim of a cryptocurrency scam and involved Bitkub and Binance.
bitcoin
* A 25 basis point Fed rate cut was expected, but a WSJ article questioned that assumption. * Odds are now split between a 25 basis point and 50 basis point move. * Bitcoin briefly rose on the news, but the gain was short-lived. * The chances of a 50 basis point cut next
assets
* The market value of on-chain real-world assets (RWAs) continues to rise, reaching over $12 billion. * Tokenization of RWAs makes traditionally illiquid markets easier to trade and streamlines the settlement process. * Tokenized U.S. Treasuries have surpassed $2.2 billion in market value, with BlackRock's BUILD leading at $520
audit
* Consumer protection group Consumers' Research criticizes lack of transparency around Tether's US dollar reserves. * Tether's lack of a full audit from a reputable accounting firm is a major concern. * Consumers' Research draws comparisons to the collapse of FTX and Alameda Research. * Tether unveils new
court
* The Supreme Court of Montenegro is expected to decide on the Do Kwon extradition judgment by the end of the month. * The decision is based on a "request for the protection of legality" filed by the Supreme State Prosecutor. * The prosecutor alleges multiple law violations in the High
crypto
* Kraken has discontinued support for Lightning withdrawals in Germany due to regulatory issues. * German customers can no longer use the Lightning Network for faster and more private BTC transactions. * Kraken removed the 'lnbc' prefix from its list of supported assets for BTC withdrawals in Germany. * A support agent
bitcoin
* The European Central Bank (ECB) has lowered its interest rate for deposit lending facility by 25 basis points. * Bitcoin and major stock market indices are slightly up following the ECB's decision. * The ECB expects core inflation to decline rapidly over the next two years. * Economic growth projections are