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Crypto News Today – July 12, 2024
Welcome to “Crypto News Today”, your daily roundup of the cryptocurrency industry.
Altcoins fall as crypto speculation index stabilizes
Capriole Investment reports a crypto speculation index that has stabilized below 10%, down from nearly 60% in January. This suggests a healthier market, with fewer altcoins outperforming Bitcoin, potentially leading to a renewed Bitcoin rally as speculative trading subsides. Read all about it on the TDR website!
Judge rejects Coinbase subpoena efforts
A judge has denied Coinbase’s attempt to subpoena SEC Chairman Gary Gensler, sending the company back to reevaluate its legal strategy. This development comes as part of Coinbase’s ongoing legal battle with the SEC.
SEC Commissioner Questioned About Bitcoin ETFs
During a Senate hearing, the SEC Commissioner was rigorously questioned about the approval of Bitcoin ETFs. The discussion highlighted the growing pressure on US regulators to provide clarity on cryptocurrency investment products.
Germany Nears End of Bitcoin Sales
Germany’s mass Bitcoin sale is nearly complete, with just 4,925 BTC left to transfer. This marks a significant reduction in the country’s Bitcoin reserves.
Coinbase launches on-chain wallet app
Coinbase has introduced a consolidated on-chain wallet app, aiming to simplify the user experience for managing multiple cryptocurrencies. This move is part of Coinbase’s effort to enhance its service offerings.
JPMorgan predicts cryptocurrency market recovery
Analysts at JPMorgan predict a recovery in Bitcoin and crypto markets in August. The forecast is based on several macroeconomic factors and market trends.
MicroStrategy Announces 10-for-1 Stock Split
MicroStrategy has announced a 10-for-1 stock split, scheduled for four months after Bitcoin’s peak. The move aims to increase liquidity and accessibility for investors.
Read more cryptocurrency news on the TDR website!