Bitcoin(+0.3%) Re-tests Ascending Line of Resistance for 3rd Straight Week
Ethereum (+3.2%) Nears Inflection Point Following Long-Term Ascending Triangle Formation
MACRO NEWS
Judge Analisa Torres Declares XRP Is Not A Security...
The majority of officials supported maintaining interest rates at their current level during the June meeting. A portion of officials backed a 25 basis point increase at the same meeting. Some officials advocated for an increase but agreed to pause temporarily.
Crypto Lending Platform With $29 Million In TVL To Shut Down...
The historic decision brings an end to a three year legal battle between Ripple Labs and the U.S SEC. The judge granted the motion for summary judgment on Programmatic Sales, Other Distributions, and sales by Larsen and Garlinghouse, but denied it for Institutional Sales.
Elon Musk Announces Establishment Of A New AI Company...
The Tesla CEO tweeted that the company, named xAI, will mainly focus on gaining a deeper understanding of reality. However, he did not provide any further specifics regarding any objectives, products, or financial backing.
Microstrategy Could Benefit Immensely Following Bitcoin Halving Event...
Berenberg Capital Markets recently published a research note suggesting that the upcoming Bitcoin halving event could potentially impact the share price of Microstrategy, a software firm based in the United States.
We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.
