Altcoins
Crypto News Today – July 12, 2024
Welcome to “Crypto News Today,” your daily digest of the crypto industry.
Altcoins decline as crypto speculation index stabilizes
Capriole Investment reports a cryptocurrency speculation index stabilized below 10%, down from nearly 60% in January. This suggests a healthier market, with fewer altcoins outperforming Bitcoin, which could lead to a further rally in Bitcoin as speculative trading subsides. Read all about it on the TDR website!
Judge rejects Coinbase’s subpoena efforts
A judge has denied Coinbase’s request to subpoena SEC Chairman Gary Gensler, sending the company to reevaluate its legal strategy. The move comes amid Coinbase’s ongoing legal battle with the SEC.
SEC Commissioner Questioned About Bitcoin ETFs
During a Senate hearing, the SEC commissioner was questioned extensively 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 bitcoin selloff is almost over, with only 4,925 BTC left to transfer. This represents a significant reduction in the country’s bitcoin reserves.
Coinbase Launches On-Chain Wallet App
Coinbase has launched a consolidated on-chain wallet app, aimed at simplifying the user experience for managing various cryptocurrencies. The move is part of Coinbase’s efforts to improve its service offering.
JPMorgan predicts cryptocurrency market rebound
JPMorgan analysts predict a rebound in Bitcoin and cryptocurrency markets in August. These forecasts are 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 to occur four months after Bitcoin’s peak, in a move aimed at increasing liquidity and accessibility for investors.
Read more cryptocurrency news on the TDR website!