Coinatory

A U.S. judge has approved an expedited schedule in Consensys' lawsuit against the U.S. Securities and Exchange Commission (SEC). Judge Reed O’Connor, in a filing on July 1, agreed to consider the merits of Consensys' case on an accelerated basis. Bill Hughes, senior counsel for Consensys, shared the news on July 2 via X (formerly Twitter). “Judge O’Connor granted our request to expedite the consideration of whether the SEC has the Congressional authority to regulate MetaMask as a securities broker and issuer,” Hughes stated. Timeline and Proceedings The SEC has until July 29 to file its response, and opening briefs on the dispositive motions are due by September 20, 2024. Amicus briefs must be submitted by October 4, with opposition briefs due by November 1, 2024. Hughes anticipates a ruling around December, possibly near Chris Read more: cryptocurrency news #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations, #SEC

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsau Jibun Bank Japan Services PMI (Jun)49.853.801:302 pointsBuilding Approvals (MoM) (May)1.6%-0.3%01:452 pointsCaixin Services PMI (Jun)---------54.008:002 pointsHCOB Eurozone Composite PMI (Jun)50.852.208:002 pointsHCOB Eurozone Services PMI (Jun)52.653.211:002 pointsFOMC Member Williams Speaks------------------12:153 pointsADP Nonfarm Employment Change (Jun)170K152K12:302 pointsContinuing Jobless Claims---------1,839K12:303 pointsInitial Jobless Claims---------233K12:302 pointsTrade Balance (May)----------74.60B13:452 pointsS&P Global Composite PMI (Jun)54.654.513:453 pointsS&P Global Services PMI (Jun)55.154.814:002 pointsFactory Orders (MoM) (May)---------0.7%14:002 pointsISM Non-Manufacturing Employment (Jun)---------47.114:003 pointsISM Non-Manufacturing Read more: Coinatory #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

On-chain data indicates a significant rise in XRP accumulation as the number of tokens held on exchanges continues to decline. Santiment's data reveals that over the past 30 days, 20 new whale wallets, each holding between 1 million and 10 million XRP tokens, have emerged. Currently, there are 1,583 such whale wallets. Market intelligence data also shows a 208% surge in whale transactions, each valued at least $100,000, climbing from 159 to 489 unique transactions in the past day. Despite the heightened whale activity, XRP's price remains stable, showing a modest 0.4% increase in the last 24 hours, trading at $0.478 at the time of writing. XRP’s market cap stands at $26.6 billion. Additionally, daily XRP trading volume saw a 42% increase, reaching $770 million. Santiment reports that XRP exchange inflow rose from 58.66 m Read more: Coinatory news #Blockchain, #Cryptocurrency, #Cryptomarket, #News, #Regulations, #Ripple, #Xrp

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:302 pointsRBA Meeting Minutes------------------03:352 points10-Year JGB Auction---------1.048%09:002 pointsCore CPI (YoY)2.8%2.9%09:003 pointsCPI (YoY) (Jun)2.5%2.6%09:002 pointsCPI (MoM)---------0.2%09:002 pointsUnemployment Rate (May)---------6.4%13:303 pointsFed Chair Powell Speaks------------------13:302 pointsECB President Lagarde Speaks------------------14:003 pointsJOLTs Job Openings (May)---------8.059M20:302 pointsAPI Weekly Crude Oil Stock---------0.914M23:502 pointsTankan All Big Industry CAPEX---------4.0%23:502 pointsTankan Big Manufacturing Outlook Index131023:502 pointsTankan Large Manufacturers Index121123:502 pointsTankan Large Non-Manufacturers Index3334 Summary of Upcoming Economic Events on July 2, 2024 RBA Meeting Minutes (Australia): Details from the Read more: Coinatory #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Bitcoin's (BTC) recent bearish trend appears to have subsided, driven by a notable reduction in miner selling pressure. Over the past 24 hours, BTC has risen by 2.2%, trading near the $63,000 mark. The cryptocurrency’s market capitalization stands at $1.24 trillion, with daily trading volume surging 57% to $21 billion. Data from CryptoQuant reveals a significant decrease in BTC miner selling pressure, dropping from a peak of 14,000 BTC in May to below 1,000 as July begins. This decline indicates a stabilization in the market, with analysts noting: "Miners’ selling pressure has decreased significantly, and their selling volume is being digested quickly." According to Santiment, the BTC supply held by miners has reduced from 1.83 million to 1.8 million over the past 30 days. This shift suggests that the retail accumulation pha Read more: cryptonews #Bitcoin, #Blockchain, #BtcMiner, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Miner, #News, #Regulations

Ethereum (ETH) has recorded its lowest average gas fees since November 2016. According to Dune Analytics data, on June 30, the average gas fee dropped to just 3 Gwei, equivalent to $0.14. Notably, nine of the ten cheapest hours for gas fees occurred last week. Gas fees are essential to the Ethereum network. They cover the costs of various operations and ensure the network’s security by incentivizing validators. These fees also act as a deterrent against spam attacks. Analysts have attributed the significant drop in fees to improved efficiency in the layer-1 (L1) market. The efficiency is driven by a combination of increased layer-2 (L2) volume and the introduction of “blob transactions” through EIP-4844, which has enhanced Ethereum’s scalability. Historical Context A year ago, median gas prices ranged between 15 to 20 Gwei, Read more: Coinatory cryptocurrencies news #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #GAS, #News, #Regulations

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious01:302 pointsRetail Sales (MoM) (May)---------0.1%01:452 pointsCaixin Manufacturing PMI (Jun)51.251.707:002 pointsEuropean Central Bank Non-monetary Policy Meeting------------------08:002 pointsHCOB Eurozone Manufacturing PMI (Jun)45.647.313:453 pointsS&P Global US Manufacturing PMI (Jun)51.751.314:002 pointsConstruction Spending (MoM) (May)----------0.1%14:002 pointsISM Manufacturing Employment (Jun)---------51.114:003 pointsISM Manufacturing PMI (Jun)49.048.714:003 pointsISM Manufacturing Prices (Jun)---------57.016:002 pointsAtlanta Fed GDPNow (Q3)------------------19:002 pointsECB President Lagarde Speaks------------------22:002 pointsNZIER Business Confidence (Q2)----------25% Summary of Upcoming Economic Events on July 1, 2024 Retail Sales (May): Measures consumer Read more: cryptocurrency news today #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS