Crypto market

BTC — $30730 +1.82%. The cue ball tested the resistance at $31k, briefly breaking it and then rolling back to sideways. There may be high volatility in the market today as BTC options for a record $5 billion expire.

 

Alt charts are green. Ether is trading at $1881. Altseason index 10, investor interest 56 (greed). The trading volume is $38.2 billion.

Growth leaders among altcoins are COMP, XEC, BCH.

Fall leaders - WOO, TON.

BTC dominance is 51.80%.

 

Tether has signed a cooperation agreement with the government of Georgia.

Tether, the issuer of USDT stablecoin, announced the signing of a Memorandum of Understanding with the Government of Georgia.

 

According to the agreement, the parties plan to jointly use Georgia as a key centre for peer-to-peer and blockchain technologies, which will promote innovation and economic development.

 

Mario Forever mines Monero on PC gamers.

Powerful computer equipment is what you need for crypto mining. The game has been downloaded 17 million times, and along with it were downloaded:

• XMR miner;

• Data thief Umbral;

• Mining client SupremeBot.

The software steals gamer data and money from wallets and mines several popular crypto assets.

 

Yuga Labs will release a CryptoPunks collection album for the 6th anniversary of the project.

The album will be released in the fall. It will contain information about all 10,000 NFTs with a capitalization of $1.5 billion. And answers to many popular questions:

• How it all began.

• How much did the most expensive NFT cost.

• Which celebrities own tokens.

 

The largest bank in Hong Kong has opened trading in shares of 3 ETFs on BTC and ETH.

This is a piece of super cool news for the crypto. The bank will buy BTC and ETH and issue shares under them:

CSOP Bitcoin Futures ETF.

CSOP Ethereum Futures ETF.

Samsung Bitcoin Futures Active ETF.

 

Access to them will receive a multi-million army of traders from China.

 

The UN invites every inhabitant of the planet to issue a digital identity card.

Associate them with a bank or mobile accounts to make it easier to access various applications and use bank accounts.

The solution could be launched in collaboration with the Swedish biometric company Fingerprint Cards.
 

The court banned the sale of NFTs with the Hermès trademark.

The creator of the MetaBirkin collection illegally used the Hermès trademark.

For this, he received a fine of $133,000, and he will easily pay it with $1 million in profit from the sale of 100 NFTs.

And everyone who bought tokens just lost money.

 

In the US, they launched the first margined bitcoin ETF for investing in crypto.

This is a big event, both for the crypto (the fund will buy a bunch of Bitcoin and issue its shares under it), and for investors.

Thanks to the 2nd margin, you can get 2 times more profit from the initial investment.

At the same time, investments are less risky, and this will attract more large investors.
 

In El Salvador, they began to build the Bitcoin City announced in 2021.

They started from the airport for $350 million. Over 2 years, they raised $73 million for it. The rest will be received through the sale of Bitcoin bonds (July-September 2023).

Next, they will build the city itself at the foot of the volcano, where crypto companies will be able to work without taxes, and the authorities will mine the cue ball on geothermal energy.