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The MiCA law, which comes into force in July, will limit cryptocurrencies in Europe From the beginning of July, crypto exchanges and issuers of stablecoins will work in the EC according to the rules provided for by the MiCA law The entry into force of the law on the regulation of cryptocurrencies Markets in Crypto-Assets (MiCA) on June 30, 2024 means significant changes for the cryptocurrency industry in the EU. One of the key provisions of MiCA is the regulation of stablecoins. MiCA also sets rules for a wide range of crypto assets and exchange platforms. This is what The Block writes about. In April last year, MEPs voted to adopt a bill on the regulation of MiCA cryptocurrencies. The EU has become one of the first jurisdictions in the world to introduce comprehensive rules on crypto assets. The requirements of the MiCA law may have negative consequences for stablecoins — some companies may curtail their activities in the EU, warned Jasper De Maere, head of the research department at Outlier Ventures.

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Commissions on the Ethereum network have dropped to their lowest values since April 2020. According to Etherscan, on June 23, the weighted average price of "gas" was 2 Gwei — ten times less than a year ago, and about 40 times less than the peak values back in early March. This was largely facilitated by the so-called second-level solutions and technical updates to the network. Network commissions in the Ethereum blockchain are called "gas". It is measured in units denoted by Gwei, which is a fractional part of the "ether" coin, namely 0.00000001 ETH. Gwei is used to pay for computing resources in Ethereum required for each blockchain operation, including transfers, exchange, token conversion, interaction with protocols, and the issuance of NFT. The price of "gas" is determined by the market demand for transaction processing in the network of the second largest cryptocurrency by capitalization. At times of increased user activity, the cost of operations can rise to huge values.

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Investidea: Buy the largest memcoins Trader Eremin told how to allocate capital for the purchase of meme cryptocurrencies Crypto expert Artyom Eremin told how to allocate capital when buying the most popular copper coins and when to sell them RBC-Crypto does not give investment advice, the material is published solely for informational purposes. Cryptocurrency is a volatile asset that can lead to financial losses. I think investors should look at four coins: Dogecoin (DOGE), Shiba Inu (SHIBA), Pepe (PEPE) and dogwifhat (WIF). Each is promising in its own way. The optimal distribution of the investment portfolio can be the following scheme: DOGE — 40%, SHIB — 30%, PEPE — 20%, WIF — 10%.

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Marathon Digital uses mining to heat the city in Finland Bitcoin miner uses the heat from mining to heat the city of Finland Miners are looking for additional sources of income amid a decrease in key indicators of profitability of bitcoin mining after halving Marathon Digital, a leader in bitcoin mining, has launched an innovative pilot project to recycle the heat generated during cryptocurrency mining to heat a city in Finland. The 2 MW data processing center is located in the Satakunta region, where 11 thousand people live.

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The sentiment of the crypto market is "extremely negative." How long will this last Analysts at Santiment have been recording an "extremely negative" investor sentiment towards bitcoin over the past four weeks, but this may be a signal for a reversal for experienced traders who prefer to go against the tide. Coindesk writes about this. "Interest in bitcoin from the majority of investors has decreased. The exchange rate of the coin fluctuates in a narrow range of $ 65-66 thousand, which leads to a decrease in the activity of traders. Such prolonged uncertainty (FUD — fear, uncertainty and doubt — "Fear, uncertainty and doubt") is a rare phenomenon. Traders continue to sell off their assets. Investor fatigue, combined with the accumulation of large players, usually leads to rebounds that reward the patient," Santiment experts described the situation

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Standard Chartered Bank will create a department for trading Bitcoin and Ethereum Standard Chartered Bank will create a division for trading Bitcoin and Ethereum The bank adheres to an optimistic forecast of the bitcoin price movement The British bank Standard Chartered is creating a department for trading bitcoin and Ethereum, writes Bloomberg. The bank will be one of the first to start trading cryptocurrencies. According to the sources of the publication, the auction should begin in the near future. The new direction for the bank will become part of its currency trading division. The department will be managed from London. "We are working closely with regulators to launch trading in flagship cryptocurrencies — bitcoin and ether in response to the growing demand from our institutional clients," the bank said. "This is consistent with our strategy to support customers in the digital asset ecosystem, from access to trading and storage to tokenization and compatibility of financial systems."

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The bitcoin exchange rate fell below $65 thousand amid continued outflow from ETFs The crypto market is under pressure due to the withdrawal of investors' funds from exchange-traded bitcoin funds Bitcoin is trading near the minimum value of June. On Friday, June 21, the cryptocurrency is trading below $65 thousand. At 9:40 Moscow time, the bitcoin exchange rate amounted to $64.6 thousand paired with the USDT stablecoin on the Binance cryptocurrency exchange with a capitalization of $ 1.27 trillion. The exchange rate of the first cryptocurrency has decreased by about 1.5% over the past day. Investors continue to withdraw funds from bitcoin ETFs for the fifth day in a row. On June 20, $140 million was withdrawn from American bitcoin funds. The largest bitcoin ETF, Grayscale Bitcoin Trust (GBTC), recorded an outflow of 53 million. The only exception was BlackRock's IBIT fund, which raised $1.4 million. The value of assets under management of 11 American bitcoin funds is $56 billion.

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Bitcoin miners sell cryptocurrency, bypassing exchanges Miners are selling off coin stocks amid a correction in bitcoin after its rapid growth at the beginning of the year and a decrease in key production profitability indicators According to CryptoQuant, the number of bitcoins stored in miners' wallets continues to decline — miners are actively selling off their stocks. Transactions mainly take place on the over-the-counter (OTC) market, bypassing exchange platforms. Bitcoin reserves among miners have reached lows since 2021. According to CryptoQuant, on June 10, the volume of bitcoin sales by miners on over-the-counter platforms amounted to 1.2 thousand units, which was the highest since the end of April. The leading American cryptocurrency miner, Marathon Digital, has sold 1.4 thousand bitcoins since the beginning of June, which significantly exceeds the May sales volume of 390 bitcoins. The bitcoins sold make up 8% of the company's total reserves.

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MicroStrategy has bought additional bitcoins for $786 million Michael Saylor's MicroStrategy company bought additional bitcoins for $786 million. MicroStrategy used a bond issue to buy bitcoin MicroStrategy bought another 11,931 bitcoins worth $786 million raised from the sale of bonds and from excess reserves. The average purchase price is about $65,883 for 1 BTC. MicroStrategy, run by Michael Saylor, is one of the largest corporate holders of cryptocurrency. Now Michael Saylor's company owns 226,331 BTC, which it spent $8.33 billion on with an average purchase price of $36,798. The value of these coins at the exchange rate on June 20 exceeds $ 15 billion. MicroStrategy started buying cryptocurrencies regularly in August 2020 and has been at a loss for a long time. At the end of October 2023, against the background of the sharp growth of the crypto market, MicroStrategy's trading position on bitcoin became profitable.

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Look at this guy. He lost $14.5M on FTX Now he’s the founder of Solana's biggest NFT collection Here's the untold story of Armani Ferrante and his insane comeback: Image

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