💰 Bitcoin price falls below $68,000 following transfer worth $9.6 billion from Mt. Gox cold wallet

The price of bitcoin fell below $68,000 following a significant transfer from a Mt. Gox cold wallet. Early on Tuesday, Mt. Gox appeared to have transferred out bitcoin worth at least $9.6 billion from its cold wallets, according to data from Arkham Intelligence. Bitcoin's price has decreased by over 1.5% in the past 24 hours and was changing hands for $67,818 at 10:17 a.m. ET, according to The Block’s Price Page. The GM 30 Index, representing a selection of the top 30 cryptocurrencies, increased by 1.42% to 145.45 in the same period.

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🇹🇷 Turkish Parliament Committee to Review Crypto Bill This Week

The Turkish parliament’s Planning and Budget Committee will discuss a draft law this week that would require crypto asset service providers to obtain licenses and register. This move aims to enhance Turkey’s compliance with the Financial Action Task Force (FATF) standards. In 2021, FATF placed Turkey on its “grey list” due to inadequate oversight of sectors prone to money laundering and financing terrorist organizations.

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Thank you to everyone who supported me this weekend at @furryweekend.com

It’s one for the record books. I’m always so happy to connect with everyone on a personal, human, level. It means the world to me that y’all support me at each event!

Also hello to everyone who joined this weekend! I always love seeing how you display my work in your homes. So don’t be a stranger 👀

I will be fulfilling all canvas and shop orders when I get home in the coming week.

❤️

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🔵 Ethereum outperforms market surging to $3900 after ETF approval, Pectra upgrade in sight

Ethereum’s price has climbed to a two-month high of more than $3900 less than a week after the US Securities and Exchange Commission (SEC) approved 19b-4 filings for eight spot exchange-traded funds (ETF)-related to the digital asset. This caps a week of positive performance for Ethereum, significantly outpacing the top 10 cryptocurrencies by market capitalization. During the reporting period, ETH’s value increased by approximately 27%, while Bitcoin saw a modest gain of 2%.

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Stop by booth C5 at FWA and see all the new stuff!

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🪙 ETH 'bucking' crypto market downturn thanks to spot ether ETF excitement, analysts say

Ether is the winner among losers in the crypto market downturn, buoyed by excitement for spot ether exchange-traded funds (ETFs).  After the Securities and Exchange Commission approved eight spot ether ETFs Thursday, ether traded at $3,815, having increased 2.12% in the past 24 hours as of 5:19 p.m. ET (21:19 UTC). Conversely, bitcoin's price declined 2.35% in the same period to trade at $67,540, according to The Block prices. 

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🏦 Coinbase CEO Brian Armstrong says FIT21 can 'finally' create clear crypto regulation

Coinbase CEO Brian Armstrong commented on the House of Representatives vote on FIT21, or the Financial Innovation and Technology for the 21st Century Act, on the social media platform X. Armstrong called it a "historic vote," adding that it will "finally start to create some clear rules to regulate crypto" if passed into law.

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🪙 CryptoQuant warns of Ethereum price correction, volatility if ETF approvals waver

On-chain analytics firm CryptoQuant warned that ETH prices could fluctuate if pending spot Ethereum ETFs encounter uncertainties. It warned that ETH could undergo a “significant price correction” if the SEC denies ETH ETF applications or delays the approval process. Furthermore, high exchange flows could produce ETH price volatility in the coming days. Amid rumors of pending spot ETH ETF approvals, exchange flows reached 62,000 ETH, the highest since March.

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🪙 Grayscale removes staking proposal from its spot Ethereum ETF filing

Grayscale Investments dropped its staking proposal in its proposed spot ether exchange-traded fund, according to an amended preliminary proxy statement. In a previous filing, Grayscale had proposed to investors the ability to stake ether through the trust. That language was not in an amendment preliminary proxy statement filed on Tuesday for the Grayscale Ethereum  Trust.

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📣 Sei Foundation proposes version 2 network upgrade to bring EVM compatibility

The Sei Foundation announced Monday that it has initiated a governance proposal to upgrade the Sei Layer 1 blockchain to version 2.  This proposed upgrade, to be implemented by Sei Labs, will introduce a high-performance, parallelized Ethereum Virtual Machine (EVM) aimed at enhancing the network’s capabilities. If the governance proposal is approved, the network upgrade will take place a week later.

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