Published on juli 6, 2024, 9:28 pm
Image source: Fox News
```json [ { "TLDR": "Legal action against GameStop trader Roaring Kitty dropped voluntarily. Bitcoin dips below $60K, prompts 'buy the dip' discussions. Ethereum Foundation's email server compromised in breach, no funds lost. Circle complies with EU's MiCA regulations for stablecoins. Bitwise amends S-1 form for ETH ETF, waives fees post-launch. Current crypto market: BTC at $55,742, ETH at $2,955. Top altcoin gainers: EGLD, OM, TRX. Top losers: CORE, LDO, ENA." } ] ```
A legal action against GameStop trader Roaring Kitty, also known as Keith Gill, has been dropped voluntarily after three days. The lawsuit, initiated by Martin Radev, accused the meme trader of securities fraud in connection to manipulating GameStop’s stock price. Despite this development, Radev retains the option to refile the lawsuit against Gill in the future.
Bitcoin recently slid below the $60K threshold, prompting numerous investors to consider “buying the dip.” Talk of capitalizing on price fluctuations has surged across social media platforms in recent days amidst Bitcoin’s decline. Mention of this strategy online has doubled during the period of Bitcoin’s downward price trend according to research firm Santiment.
The Ethereum Foundation disclosed that its email server was compromised at the end of June leading to malicious actors sending out 35,794 emails promoting a fraudulent 6.8% yield on ETH-related products. Although no funds were lost due to swift action by the Foundation to secure its systems and alert other relevant organizations, 81 individuals’ email addresses may have been exposed during this breach.
Circle declared compliance with the European Union’s MiCA regulations becoming the first stablecoin issuer to do so. The USDC and EURC stablecoins provided by Circle are now fully aligned with the EU’s updated regulatory structure. France was selected as Circle’s European operational headquarters owing to favorable regulations and collaborative engagement with French authorities.
Bitwise has submitted an amended S-1 form for its Ethereum exchange-traded fund (ETF) amid expectations that ETH ETFs will go live by early July. The ETF is poised to waive fees for its initial six months post-launch or until a threshold of $500 million in forgiven fees is reached. Analysts anticipate ETH ETFs could commence trading before the July 8 deadline for filing S-1 documents with U.S. Securities and Exchange Commission.
Current cryptocurrency market standings report Bitcoin (BTC) at $55,742, Ether (ETH) at $2,955, and XRP at $0.42 with a total market cap of $2.04 trillion based on data from CoinMarketCap.
Amongst the top 100 cryptocurrencies are noteworthy altcoin performers for both gains and losses over the past week:
Top Gainers:
1. MultiversX (EGLD) up by 10.02%
2. MANTRA (OM) up by 5.90%
3. TRON (TRX) up by 3.03%
Top Losers:
1.Core (CORE) down by -32.46%
2.Lido DAO (LDO) down by 32.00%
3.Ethena (ENA) down by -31.65%
For more detailed insights into crypto trends and prices, referring to Cointelegraph’s market analysis is recommended.
Original article posted by Fox News
