Defrank

📌The United States Securities and Exchange Commission (SEC) opens an investigation into Elon Musk regarding the purchase of Twitter.

This time the SEC no longer has its sights on the crypto sector, as we are used to, setting its sights on Elon Musk and the acquisition of Twitter.

Apparently the millionaire would not have attended to testify last month. The SEC began requesting documents from Musk and other involved parties in April 2022.

After testifying twice last year, Musk decided not to appear this last time, so the SEC began to act.

Remember that there were many interested in the acquisition of Twitter with people from the crypto sector, including CZ Zhao from Binance, who supported Musk's purchase with $500 million dollars.

#cryptonews
#crypto2023
#Bitcoin
#BTC
$BTC

🔥Can we use Bitcoin as an asset to apply for mortgages in the United States? 👀

Apparently, this is already a reality, as recently mortgage buyers in the United States, Fannie Mae and Freddie Mac, will count #bitcoin and others #Criptomonedas as #activos in their risk assessments for single-family home mortgage loans.

This announcement was made on Wednesday by Willian J. Pulte, director of the federal housing finance agency, where he mentions that a "significant study" was conducted for the decision to include cryptocurrencies as part of the mortgage risk assessment.

Following this announcement, there are divided opinions in the community; some are in favor of early adoption, while others are against using crypto assets as collateral in the mortgage process, mainly due to their volatility. Overall, this is undoubtedly a significant step towards the recognition of crypto assets in the United States.

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$BTC

🔥Crypto company stocks rise after the ceasefire in the Middle East 🤑

The stock prices of some companies #cripto in the United States rose along with the general market on Tuesday, this after #DonaldTrump announced on their networks that there was a ceasefire between Iran and Israel.

Among the main winners of the day, we have COIN rising more than 12%, the cryptocurrency mining company Riot Platforms (RIOT) with a solid 8.09%, Marathon Digital (MARA) rose 4.94%, and Michael Saylor's Strategy company (MSTR) gained 2.68% on the day.

Who didn't have a good day was the recent company behind the stablecoin #USDC (CRCL), as it fell 15.49% during Tuesday's trading, but this is nothing compared to the extraordinary rise of nearly 620% since its stock market launch on June 6.

Could we continue to see positive movements in the market in the coming days?

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$BTC

🔥Bitcoin remains at 105k as the Fed hints at changes in interest rates 👈

Bitcoin has been consolidating at the levels of $ 105,000 since Monday, after a rise from the minimum level of $ 98,200 reached on Sunday, amid a timid "ceasefire" in the Middle East.

In recent hours, there has been a lot of movement in the market, with #bitcoin recovering above $ 100k, the SP500 rising, the price of #oro falling below $ 3,300 per ounce, and the price of oil dropping more than 5%.

On the other hand, the president of #Fed , Jerome Powell, mentions that he is waiting and watching the course of the economy before making any adjustments to the interest rate.

Additionally, disputes continue between #TRUMP and Powell, while Trump calls for an immediate interest rate cut before it is too late, Powell says we might see the effects of tariffs on inflation in the coming months.

Will we see an interest rate cut in July or September?

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$BTC

🔥Bitcoin falls after the United States attack on Iran 👀

The markets of #Criptomonedas dropped, and the #altcoins were particularly affected, this following the U.S. military attacks on Iran Saturday night.

U.S. President Donald Trump announced the attacks Saturday night, calling them "very successful." The level of uncertainty increased due to the consequences this attack could have for the traditional market, which was still closed.

While this was happening, the crypto market was already beginning to show some negative signals, as the price of #bitcoin and other altcoins started to fall rapidly. Bitcoin lost the $100,000 level on Sunday, leading to a liquidation in the market #cripto of $1 billion, according to Coinglass.

Currently, the price of #BTC is above 100k, however, the level of volatility in the market continues to rise.

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$BTC

🔥X is planning to integrate financial services in 2025 👀

According to X's CEO, Linda Yaccarino, the platform will soon integrate various financial services, which would be a benefit for users as it will allow payments and investments within the application itself. Apparently, the "all-in-one" app could become a reality.

In an interview with Financial Times, X's CEO mentioned that soon users could be making "transactions" within the platform, which would include sending money and managing #inversiones . And this doesn't end here as the company is also planning to launch a credit or debit card branded with X.

Yaccarino indicated that these new services will launch in 2025 and will first be available in the United States. What raised some doubts is whether payments with #Criptomonedas will also be included in the application. With all this movement around stablecoins in the United States, I believe it could be possible.

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$BTC

🔥Visa and Mastercard fall as the stablecoin bill advances 👀

The stock prices of #Visa and #Mastercard have fallen nearly 10% since last Friday, amid the recent approval of the Genius stablecoin bill (#GENIUSActPass ) in the United States.

Just as the stock prices of these 2 major payment networks declined, the U.S. Senate was approving the Genius bill, which aims to establish clear rules for the collateralization of stablecoins and compliance with anti-money laundering laws.

Additionally, according to some media outlets, companies like Amazon Walmart, the social network X, Apple, among others, would be exploring #monedas stablecoins as a means to reduce fees and conduct cross-border payments. More recently, it was confirmed that #JPMorgan was testing its pilot plan with a deposit stablecoin.

Is the market sending signals?

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$USDC

$USD1

$USDT

🔥The Trump family reduces its stake in World Liberty Financial 👀

According to a recent report, DT Marks #defi , a company associated with President #DonaldTrump , has quietly reduced its stake in the decentralized finance project World Liberty Financial, amid growing concerns about secret dealings with #Criptomonedas of Trump.

It is still unknown when this occurred, but DT Marks Defi owns 40% of the shares of the holding that backs WLFI, according to legal information on the protocol's website. Comparing over time, their holdings have decreased by 20% from the 60% it held in March.

It is now unknown who holds that missing 20%. In January of this year, WLFI launched its own stablecoin called USD1, an asset backed by deposits in US dollars, treasury bonds, and others. It is noteworthy that this is happening while the Genius stablecoin bill (#GENIUSActPass ) is in the process of being approved in the United States.

Do you think there is a strategy behind all this?

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$USD1

🔥The Federal Reserve decides to keep interest rates unchanged 👀

As expected, the Federal Reserve (#Fed ) decides to keep interest rates unchanged at 4.5%, however, they have indicated that there could be 2 cuts over the course of the year 2025.

In the last FED meeting (#FOMCMeeting ), several insights were given regarding economic prospects in the United States, where it is mentioned that economic activity continues to expand at a solid pace despite fluctuations in net exports.

On the inflation side, they mention that it remains somewhat elevated, but they will seek to maintain a rate of 2% in the long term. On the other hand, there have been some disagreements between #TRUMP and Powell of the FED regarding the established policies. Meanwhile, the price of #BTC remains at $104,000 dollars.

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$BTC

🔥You are one step closer to the approval of the stablecoin law in the United States 👀

Yesterday, the U.S. Senate approved the bill to Guide and establish national innovation for #Stablecoins in the United States (or Genius law), with 68 votes in favor and 30 against. The next vote will be given by the House of Representatives.

The Genius bill (#GENIUSActPass ) has been in development for some time, undergoing several changes to comply with established regulations. The goal of this bill is to establish clear rules for the collateralization of stablecoins and compliance with anti-money laundering laws.

Why is it so important that this law gets approved? To begin with, there are several interests at stake, and perhaps one of the most enthusiastic is #DonaldTrump .

It is known that the Trump family has a significant stake in World Liberty Financial, which issued its own stablecoin last March.

The mere fact that stablecoins are recognized within a regulatory framework in the United States opens the doors for more companies to issue their own #tokens .

Recently, some media outlets indicated that tech companies like Apple, Airbnb, and X were exploring stablecoins as a means to reduce fees and make cross-border payments.

The last to make a public announcement was #JPMorgan and its stablecoin pilot program with the base blockchain.

Do you think this bill will be approved?

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$USDT
$USDC
$USD1

🔥Interesting movement in Base 👀👆

Interesting what is being seen in layer 2 #Base , as massive inflows of money from #Ethereum have been detected in recent hours, what is the reason? Perhaps it has something to do with #JPMorgan .

And it is that in recent hours it was announced that JP Morgan would be launching JPMD, a tokenized dollar in #blockchain of Base, a news that surprised the community.

As is known, for some time it has been rumored that several banks would be working on pilot programs with the aim of launching their own stablecoin, and JP Morgan has decided to take the first step.

What they are doing now are tests of real money transfers from a known Exchange (COIN), this as part of the first pilot phase.

The target audience for this new development will be the institutional clients of #exchange centralized, but this would only be the beginning of several things they are developing, according to some media outlets.

Do you think this is a great idea for more institutions to enter the crypto sector?

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$ETH

🔥Bitcoin retreats ahead of the Federal Reserve meeting 🤔

The price of #bitcoin has been retreating since Monday, after failing to exceed $110,000 on Tuesday. This happens amid tensions in the Middle East and the upcoming Federal Reserve meeting.

With the Federal Open Market Committee (#FOMC‬⁩ ) meeting on Tuesday and Wednesday, even greater volatility is expected in the market, where the price of #BTC could reach key levels. The most notable aspect of this meeting will be the decision on interest rate policy on Wednesday.

According to Fedwatch, as well as the prediction market #Polymarket , there is a high probability that interest rates will remain between 2.25% and 4.5%. That said, market participants will also be paying attention to the speech given by Federal Reserve Chairman Jerome Powell after the meeting.

Do you think Bitcoin can break 112k this month and continue rising?
#FOMCMeeting

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$BTC

🔥El Salvador continues to accumulate Bitcoin despite the indications from the IMF 🚀

El Salvador, the first country in the world to adopt #bitcoin as legal tender, continues to buy Bitcoin despite a loan agreement of $1.4 billion granted by the International Monetary Fund, where one of the clauses of the agreement indicated the non-accumulation of Bitcoin.

Currently, the treasury wallet of #ElSalvador has 6,209 BTC, after having accumulated nearly 240 #BTC since December 19, 2024, just after the Central American country announced an agreement with the IMF.

In December, El Salvador reached an agreement with the IMF to obtain a loan of $1.4 billion, which was beneficial for the country to invest. But in return, the #FMI demanded that the government renounce Bitcoin's status as legal tender and stop the public accumulation of BTC, according to some media outlets.

But this was no obstacle for El Salvador to continue with its strategy of buying 1 BTC per day, a strategy established by its president Nayib Bukelé in 2022.

This is an interesting demonstration that regardless of the price or what others say, the strategy remains firm, accumulating more BTC for the future.

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$BTC

🔥Could Tron go public in the United States? 👀

A company linked to the billionaire founder of the blockchain #Tron , @Justin Sun孙宇晨 , intends to go public in the United States, according to Financial Times reported on Monday.

Apparently, the way to enter the stock market would be through a reverse merger with SMR Entertainment, which is already listed on Nasdaq. For this, there would be an agreement between companies valued at $210 million, according to the media.

According to the information known, the new company would be called Trump Inc, and Eric Trump is expected to play an important role in the company. The interesting thing about this company is that, like the strategy of #strategy , it will accumulate #TRX on its balance sheet, as a treasury strategy for digital assets.

This fact comes 4 months after the United States Securities and Exchange Commission (#SEC ) paused the investigation it had against Justin Sun and his companies.

Meanwhile, following this yet-to-be-confirmed information, the TRX token jumped more than 8%, currently positioning itself at $0.27.

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$TRX

🔥Could we be close to a spot ETF for SOL?🚀

In the last few hours, applications for a #etf spot ETF of #sol have been updated with the U.S. Securities and Exchange Commission (#SEC ), as a sign that we might have approval very soon.

According to submitted documents, we have that Grayscale, Bitwise Invest, Franklin Templeton, and Fidelity have updated their S-1 application filings for a spot ETF for SOL, generating positive speculation in the community about its approval.

Something similar happened before the approval of the spot Bitcoin ETF in the past when these large fund managers rushed to update their filings with the SEC, having the certainty that the approval was very close.

Just as happened when the spot ETH ETF was approved, I believe we could see an initial "pump" of #criptomoneda SOL (in addition to other important tokens in the ecosystem of #solana ) if a spot ETF for SOL is approved, driven by the euphoria of the "moment." We might also possibly see a drop in a short time.

We will see how these movements develop in the coming days and if we see the approval of a spot ETF for SOL before XRP.

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$SOL

🔥Airdrop for those who are actively voting on Jupiter 🎁

Attention, it has recently been confirmed that there will be a #Airdrop for the community of @Jupiter 🪐 and it is the token #wct that is already operational in #solana , but it is important to keep in mind some requirements to be eligible.

On June 13, both #jupiter and Wallet Connect have confirmed that an airdrop will be given to those who participated and actively voted in the Jupiter votes, and to do this you must have voted in 24 votes (there are 25 votes so far). If for any reason you missed one of the first 24, you will be disqualified from this round.

In addition, those who have the role of cat of culture and cadets will also be chosen, for being active members and contributing to the Jupiter community.

It is still unknown when this airdrop will be distributed, but several Solana communities are already being announced that will receive part of these #tokens in the form of an airdrop.

If you were left out of this round, there is still an option to receive this airdrop through other communities like backpack, Solflare, and Phantom. I estimate that those from Phantom could have requirements to be an OG (active and old members of the Solana community), just as other airdrops have done in the past.

And you, are you chosen for this airdrop?

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$JUP

🔥Sharplink Gaming announces purchase of ETH as reserve asset and its stock price falls 🤯

The sports betting platform Sharplink Gaming (SBET) announced the acquisition of #ETH , as part of a plan to have the asset as part of its reserves. The company bought 176,271 ETH for a value of $463 million this Friday.

It is very ironic what is happening to this company, as on May 27 the company had already announced that it was going to adopt ETH as a #activo reserve, which caused its stock price to increase by 400%. However, this lasted little as it later announced that, in order to do so, they registered that they would have a "possible resale of common shares," which caused its stock price to plummet today by 73%.

The key word is in the "possible resale of shares" as this is a formality to submit a request to the U.S. Securities and Exchange Commission and is not a real sale, according to Joseph Lubin, president of Sharplink Gaming.

In addition, the Nasdaq-listed company announced on Friday that it acquired ETH at an average price of $2,626 per cryptocurrency and is currently the second largest holder of ETH listed on the stock market in the world.

The interesting thing to highlight here is that a new strategy for adopting #Criptomonedas as reserve assets is already starting to be seen, so Bitcoin would not be the only asset to consider if companies want to take the same path. And even more is that this ETH will not only be stored but generating returns, as the company announced that it will use it on #staking platforms. Crazy!

Will this be a good strategy for companies?.

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$ETH

🔥ETH drops 10% as Middle East conflict shakes markets 🤔

The price of 91421216501 of #Ethereum , #ETH , has suffered a double-digit drop due to recent geopolitical tensions between Israel and Iran, sowing nervousness among investors.

Specifically, the airstrike launched by Israel this Friday has intensified fears that this conflict could continue to spread, alerting traditional and cryptocurrency users.

The price of 87440311013 was affected during that period, losing only 5% but slowly recovering, as it remains above $100,000 levels. On the other hand, the prices of ETH, SOL, and XRP were affected to a greater extent, falling more than 10%.

Given this, a question arises again: Will the market continue to fall or is it just a short correction?

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