Crypto Showcase

Crypto Showcase

Discussing crypto in simple terms and diving into DeFi. Any questions: @net_admin_global

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**🇺🇸**** Anticipating the Fed: Bitcoin Freezes Near Critical $64,000 Mark Ahead of Historic Meeting ** Bitcoin has come under pressure, dropping below $65,000 ahead of the weeks key macroeconomic event. The main source of volatility is the first meeting of the US Federal Reserve under the leadership of its new chairman, Kevin Warsh, whose rhetoric will determine the remainder of Junes trend. ** ****➡️**** What Happened ** 🟡 The BTC rate updated its local low at the $64,782 mark on the Bitstamp e
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**🇫🇷**** Cyber Threat at the Highest Level: G7 Leaders Call for Unity Against North Korean Crypto Thefts** At the G7 summit in Evian-les-Bains, France, leaders of the leading nations issued a joint statement. The main topic is deep concern over the scale of crypto crimes and cyberattacks by the DPRK, which are used to finance Pyongyangs nuclear and ballistic programs. ** ****➡️**** What Happened ** 🟡 At the annual G7 summit, a declaration was adopted calling for joint opposition to North Korean
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📉 **Pressure on Ether: Analysts Predict New Wave of Sell-offs Amid Struggle for $1,700 Level** Ethereum derivatives indicators and on-chain data have noticeably deteriorated over the past month. Inflow of coins to exchanges is growing, futures open interest has dropped by 31% to a yearly low, and retail demand is stagnant. Against this backdrop, analysts warn of risks of a new wave of liquidations if the price fails to hold above $1,700. ** **➡️** Inflow to Binance Outpaces New Demand** 🟡 Over
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**🇬🇧**** Easing of Conditions: Bank of England Removes Wallet Limits and Introduces £40 Billion Cap on Total Stablecoin Issuance ** The Bank of England (BoE) has published its final statement and draft rules for systemically important stablecoins pegged to the pound sterling. The regulator made concessions to the crypto industry, replacing strict coin holding limits for individuals with a more flexible total issuance cap for issuers. ** ****➡️**** What Changed in the Rules** 🟡 The Bank of Engla
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**🇺🇸**** Tax Battle in Web3: Crypto Lobby Demands Passage of Mining and Staking Bill Without Amendments** Three of the largest US cryptocurrency lobby groups have sent a joint letter to Congress. They are urging lawmakers to approve a bill without any changes that abolishes the tax on phantom income and allows taxes on mined coins to be paid only at the moment of their actual sale. ** ****➡️**** What Happened** 🟡 The organizations Blockchain Association, Crypto Council for Innovation, and The
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