Turkish Parliament Approves Crypto Regulations
GLOBAL NEWS?
Turkey Implements Landmark Crypto Regulations
The Turkish Parliament has enacted a groundbreaking law, bringing strict regulation to the cryptocurrency sector. This landmark legislation mandates licensing for crypto service providers, targets market manipulation with severe penalties, and promises a safer and more transparent environment for investors.
Bitcoin Miners' Market Cap Rises 22% Following Core Scientific AI Deal
Bitcoin miners have seen a 22% increase in market cap, gaining $4 billion over the past two weeks, driven by Core Scientific's deal to host GPUs for AI provider CoreWeave, according to a JP Morgan report.
Bitcoin ETFs See $174M Outflow Amid Market Dip
U.S. bitcoin ETFs experienced $174.45 million in outflows on Monday, led by Grayscale's GBTC and Fidelity's FBTC. This trend comes as bitcoin's price fell to its lowest in six weeks, following Mt. Gox's announcement to repay creditors $9 billion in July.?
Trump in Talks to Speak at Bitcoin 2024 Conference
Former President Donald Trump is in discussions to speak at Bitcoin 2024 in Nashville this July, according to Axios. Other confirmed speakers include Robert F. Kennedy Jr., Vivek Ramaswamy, and Republican Senators Bill Hagerty and Marsha Blackburn. Trump's senior advisor, Brian Hughes, emphasized the former president's support for crypto innovation amidst regulatory challenges from the current administration.
Bitcoin Falls Amid Mt. Gox Repayment Announcement
Bitcoin's price dropped over 5% on Monday, nearing $60,000, its lowest in six weeks. This decline follows Mt. Gox's announcement to distribute $9 billion in bitcoin and bitcoin cash repayments starting in July. Analysts warn of market concerns over increased supply, but note potential resilience due to macroeconomic factors.
Bitcoin ETFs See $544M Outflows Amid Market Pessimism
U.S. spot Bitcoin ETFs experienced $544.1 million in net outflows last week, contributing to over $1.1 billion in the past two weeks. Globally, digital asset investment products had $584 million in outflows, with the lowest trading volumes since January. CoinShares attributes this to investor pessimism over potential interest rate cuts by the Fed. Despite this, Brazil and Switzerland saw net inflows of $48.5 million and $39 million, respectively.
领英推荐
RAIN NEWS?
Rain Introduces Instant Funding and Withdrawal Services for Virtual Assets in UAE
Rain, catering to both individual and institutional clients, now offers instant funding and withdrawal services for virtual assets in the UAE. Partnered with a local bank, Rain ensures seamless financial transactions for its users. As a fully licensed and regulated entity, it provides a secure and efficient platform for digital asset management. Interested parties can sign up at rain.com/en-ae/signup to access these innovative services. Check out all the benefits of Rain in the UAE.
SPOTLIGHT ARTICLE:
WHY TRADE WITH Rain?