Crypto News Today – July 12, 2024
Welcome to “Crypto News Today,” your daily summary of the Crypto Industry.
Altcoins Decline as Crypto Speculation Index Stabilizes
Capriole Investment reports a stabilized crypto speculation index 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 diminishes. Read all about it on the TDR Website!
Judge Rejects Coinbase Subpoena Efforts
A judge has denied Coinbase’s attempt to subpoena SEC Chair 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 on Bitcoin ETFs
During a Senate hearing, SEC Commissioner was rigorously questioned about the approval of Bitcoin ETFs. The discussion highlighted the growing pressure on U.S. regulators to provide clarity on cryptocurrency investment products.
Germany Nears End of Bitcoin Sales
Germany’s large-scale Bitcoin selling is nearing completion, with only 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 streamline the user experience for managing various cryptocurrencies. This move is part of Coinbase’s effort to enhance its service offerings.
JPMorgan Predicts Crypto Market Rebound
JPMorgan analysts predict a rebound in the 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 four months after Bitcoin’s peak. This decision is aimed at increasing liquidity and accessibility for investors.
Read more crypto news on the TDR Website!
