Always walk away from a fight. Then ambush! (weekly crypto updates)

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To start with it, 7 days left if you want to check my Zealy contest, where I decided to share some of my Hive profit with everyone. Cool prizes!

Sprint Rewards

Ends on 30 June at 1:00:00 BST

1. 5 Hive + 1000 SPT + 1000 LVL

2. 4 Hive + 800 SPT + 4 LEO

3. 3 Hive + 600 SPT + 3 DHEDGE

4. 2 HIVE + 400 SPT + 2 POB

5. 1 HIVE + 200 SPT + 100 DBLN

and I decided to add 3 more participation prizes of 100 SPT and 100 DBLN on top of that. Enjoy.

What happened this week? The US circus seems to calm down, once BlackRock applied for a BTC ETF. Binance is trying to manage the bad publicity, USDT, and the other stablecoins market still declined this month and MakerDAO is doing some interesting moves. What else? Read below:

• Bitcoin: Binance joined the Bitcoin Lightning network, and they also launched a regulated platform in Kazakhstan. Money laundering for Russia, maybe? GTBC share price surged ad BlackRock's ETF ignites investors' optimism. Bitcoin went all the way, breaking the $30K level for the first time since April. Invesco and Wisdom Tree followed BlackRock, filing for a BTC ETF. BTC's price right now is 29994.42, just dropping under $30K.

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• Ethereum: Ethinscriptions launch on ETH, as a response to Inscriptions on BTC, which ironically started in order to emulate ETH NFTs. Etherscan launched an AI tool, based on OpenAI technology, that can explain smart contract code. ETH's price right now is $1875.53.

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• Altcoins and stablecoins: USDT once held securities issued by Chinese companies as part of its reserves, the documents show. Maybe that was the reason for the USDT to temporarily lose its peg for a short period of time. The stablecoin market declines for the 15th month in a row. Certik discovered a 'hamster wheel' SUI bug and received $0.5M in bounty for identifying and reporting a critical vulnerability. BNB Chain launched a layer-2 chain based on OP Stack. Memecoin BOB tanks after Elon called the Twitter bot account a scam, and suspended it. Fidelity Investments and Charles Schwab backed the crypto exchange EDX, looking to attract industry leaders with its non-custodial model and competitive rates. Federal Reserve Chair Jerome Powel said that he is seeing stablecoins as a form of money, asking for robust regulation. How is this going to work with the opposing view of Gary Gensler and CFTC Chair Rostin Benham? MakerDAO acquires $700M worth of US Treasury, taking advantage of the increased yield. The giant software company SAP experimented with USDC cross-border payments on a separate blockchain. Chainlink Proof of Reserve is here, to help secure DEFI protocols that use off-chain assets or wrapped assets as collateral. BCH, STX, and MKR are the winners this week, in terms of appreciation and profits. There is a Pangolin exchange tokens airdrop, if you ever use it, check them out.

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• Blockchain games and NFTs: Wombat Dungeon Masters' new season started, with MATIC NFTs added to WAX and EOS ones, with more rewards, and the Dungeon World feature was launched, with a Dojo to train champions and get XP, and a mine, if you own land. The DEC burning campaign on Splinterlands got a few days left, and you need a minimum of 2 million DEC to make it to the top 200 for the guaranteed prize. Just checking, is anyone there still not playing Golem Overlord? This is a cool game, despite the initial fee to start it, with the potential to quickly make a decent profit if you keep your burn percentage up. Check it out! By the way, did anyone get their free Fox NFT from Shapeshift? Is quite easy, you just need some easy directions to follow.

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• Good news: Crypto-investigator ZachXBT received more than 1 million dollars in donations, following a defamation lawsuit. Who said crypto is not a power to reckon with? The Financial Services and Markets Bill (FMSB) is a bill including proposals to regulate stablecoins and crypto activities, and it is reaching its final stages in the parliamentary process in the UK. Deutsche Bank applies for a crypto custody license. Sad, but FTX bankruptcy fees just surpassed $200M. Ripple secured a payment license from the Monetary Authority of Singapore, allowing them to offer regulated digital token products and services. CACEIS Bank, the asset servicing arm of Credit Agricole and Santander received registration in France to offer crypto custody services. Come on Santander UK, make me happy!

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• Bad news: Elon Must was accused of insider trading, but he said that he does not own any considerable Dogecoin wallet. Terraform founder, Do Kwon is sentenced to four months in jail for using a fake passport, with extradition requests pending from South Korea and the United States. A counterfeit Trezor Software has been discovered in Apple Store, managing to evade Apple's review process. And a bad one, failed hedge fund Three Arrows, you know, the ones responsible for the bear market, changed the name and relaunched as Three Arrows Ventures, promising to deliver superior risk-adjusted returns without leverage. Your risk, their profits, I would say. Still, you are not stupid if you make an error of judgment, you are only stupid if you repeat the same error again and again. Crypto.com is accused to have proprietary trading and market-making teams who trade tokens for profit, according to at least 5 witnesses, and given how dodgy they were, I 100% believe this one.

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• Joke of the week: A complex situation and now everyone is wondering if all the US did was to arrange the pieces on the chess table in order to get an amount of Bitcoin big enough to control the market, to some degree. Small players were forced to close or relocate from the US, San Francisco-based Wyre being the latest one to close its operations on July 14, liquidating its assets. Nevada regulators ordered Prime Trust to halt activities that violate state regulations after BitGo canceled its acquisition of Prime Trust. Even the International Monetary Fund is joining the central banks, with Amazon and a few other selected companies, looking to set standards for digital money (control and confiscate, in free translation), urging countries to regulate crypto, not ban it. What a 180 degrees turn, I wonder why? This means that the powers to be accumulated enough crypto to not fear us anymore.

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All the best,

George

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Why not...

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...have fun and win rewards on my favorite blockchain games (Splinterlands - Hearthstone-like card game) (Mobox - GamiFI NFT platform) (Wombat Dungeon Masters NFT staking on WAX) and (X-Portal - Elrond all in one app, free NFTs, and more).

...get crypto while writing on Publish0x blog, using Presearch search engine to maximize your income with PRE tokens. Use Torum instead of Twitter. I am also writing for crypto on Read.cash and Hive.