Crypto News Today: BTC above $66K, Meme Coins Steal the Show

Crypto market cap increased by 3.2%, reaching $2.55 trillion

• A recent filing with the Cboe Exchange has confirmed that spot Ethereum ETFs are set to commence trading next week, validating previous speculation about their imminent launch.

• Telegram is launching a Web3 mini app store and in-app browser this month, marking 2024 as crucial for blockchain adoption.

Crypto Fear and Greed Index:

The Crypto Fear and Greed Indicator shows strong market greed at 74, up from 60 yesterday, reflecting bullish sentiment.

Cryptocurrency values have increased over the last 24 hours

TOP 5 Gainers Coins

Latest Market Update: 

• #Bitcoin ($BTC) maintains bullish momentum, holding steady above $66,500.

• Major altcoins, such as #Bonk ($BONK), #Mog coin ($MOG), #Ripple ($XRP), #Solana ($SOL), and #Pixelverse ($PIXFI), are all trading in the green.

• #Bonk ($BONK) is the top gainer, up more than 19.82% in the last 24 hours.

• #TRON ($TRX) is the loser, down over 0.41% in the same period.

• Total crypto market volume in the last 24 hours is $69.02 billion, down by 9.24%.

• Total crypto market volume over the last 24 hours is $81.8 billion, up by 18.12%.

• DeFi volume is $4.54 billion, constituting 5.55% of the total crypto market volume.

• Stablecoin volume is $75.18 billion, representing 91.90% of the total crypto market volume.

• Bitcoin’s dominance is currently 54.10%, up by 0.24% over the day.

Major Worldwide News Update:

• Cboe's new filing confirms expectations that spot #Ethereum ETFs from Fidelity, Franklin Templeton, Invesco, 21Shares, and VanEck will begin trading on July 23. Firms have invested significantly to meet SEC standards. Sponsor fees range from 0.19% to 0.25%, except Grayscale's at 2.5%. BlackRock capped its fee at 0.25% and may waive it temporarily.

• Telegram, with 900 million users, will launch a Web3-enabled mini app store and in-app browser this month. CEO Pavel Durov highlights 2024 as pivotal for blockchain adoption. The TON blockchain, integrated with Telegram, has doubled its TVL to over $760 million, and its token Toncoin has tripled in value. Enhanced security features and a startup accelerator, “Triangle,” are also planned.

• WazirX and Liminal Custody are in a dispute over a $230 million hack affecting WazirX’s wallets. WazirX blames Liminal for discrepancies in transaction details, while Liminal claims its infrastructure was not compromised. The breach is suspected to involve North Korean hackers using man-in-the-middle attacks. WazirX has reported the incident to authorities and is working with exchanges and forensic teams to recover the stolen funds and enhance security. 

• The SEC has established the Interagency Securities Council (ISC) to combat sophisticated securities and crypto fraud. The ISC, comprising over 100 agencies, will meet quarterly to address emerging scams. The council aims to enhance collaboration and information sharing to protect investors from evolving fraud tactics, including AI-driven schemes.

• #Shiba Inu’s lead developer, Shytoshi Kusama, believes the memecoin ecosystem could address issues highlighted by the recent CrowdStrike failure, which disrupted IT systems globally. Kusama advocates for a decentralized, Web3.0-based solution, contrasting it with the vulnerabilities exposed in traditional financial systems during the outage.

• BitForex will resume user withdrawals after a five-month suspension due to a police investigation in Jiangsu Province, China. Withdrawals will be allowed after completing KYC procedures, but trading and deposits remain suspended. The platform will undergo a comprehensive rectification process and halt all operations during this period.

COIN GABBAR Views: Could Bitcoin's upward trend hit a wall? Will BTC continue its bullish momentum? Is the BTC price heading toward $70K? Is a bull run imminent for Bitcoin? To get latest news Stay tuned us at coingabbar

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Also Read: PIXFI Token Price Prediction: Is $1 the Next Big Milestone?