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If you had to pick one #Web3 #Blockchain company that's going to make a huge impact by the end of the year, what one would it be? Here are a few you can choose from 👇 Phantom Aptos Foundation Magic Eden Stakit Pudgy Penguins Solana Foundation NEAR Protocol Backpack Rootstock Stellar Development Foundation MoonPay Klaytn Foundation Ondo Finance Ripple Stacks Polygon Labs Injective Labs Berachain TRON DAO ox.fun Sei Foundation Liquidium (Fungus Inc.) Bitcoin Startup Lab Monad Labs What did I miss 🤔 ??

Bitcoin recently dipped below $58,000, sparking a media frenzy that portrayed the cryptocurrency market in a dramatic light. The new support line for BTC has been identified at $52,000, indicating a potential decline from the current support levels near $58,000 to $62,000. On days like today, the media often exaggerates the situation to capture attention and drive clicks, describing the market fluctuations as 'catastrophic.' However, seasoned traders who have experienced similar volatility in the past understand that these fluctuations present opportunities to trade within the support lines, capitalizing on the increased price action and volatility. This is a typical reaction among long-term market participants who remain unfazed by such temporary downturns. The support levels of Bitcoin are likely to vary based on the inflows and outflows of liquidity in the market. A significant withdrawal by whales can drive the support levels lower, while substantial investments can push them higher. This dynamic underscores the influence of major investors on the stability and direction of the cryptocurrency market. This scenario has often played out with retail investors. However, ETFs are now providing a different subset of liquidity. If major financial players choose to show support by pursuing favorable entry prices into Bitcoin, it could serve as a lifeline, potentially stabilizing the market amid fluctuations. Turn our notifications on for updates & news in the future.

Edition 5 of The Weekly Ledger is here! 📰 Grab some popcorn and dive into all the exciting content waiting for you. #WeeklyLedger #Newsletter #StayInformed #Stakit #Crypto #Bitcoin #Ethereum #Tether #USDT #Ton

The next edition of The Weekly Ledger is now available! Give it a read and learn what happened in the world of Cryptocurrencies the past week! 🌐💰 #Cryptocurrency #WeeklyUpdate #Ledger #TheWeeklyLedger #Stakit #Crypto #Bitcoin #Ethereum #Solana #MtGox #GermanGoverment

Sony Group is making a significant move into the cryptocurrency market with the launch of its Bitcoin and crypto exchange in Japan. This initiative comes after the acquisition of Amber Group's local subsidiary, Amber Japan, which has been rebranded as S.BLOX. By integrating USDT payments through The Open Network (TON), S.BLOX will facilitate seamless value transfers globally, leveraging Sony's vast reach to enhance stablecoin adoption in everyday transactions. Strategic Acquisition and Rebranding In 2023, Sony's subsidiary, Quetta Web, acquired Amber Japan, formerly known as DeCurret. This acquisition, initially flying under the radar, reflects Sony's strategic entry into the cryptocurrency space. Amber Japan continued its operations post-acquisition until the recent rebranding to S.BLOX, marking Sony's official entry into the crypto exchange market. S.BLOX has announced substantial upgrades to its user interface and mobile app to enhance user experience and service efficiency. Broader Blockchain and Crypto Integration Sony's involvement in the crypto space is not limited to S.BLOX. The company has invested in Startale Labs, the founder of @Astar Network, a Polkadot parachain, and established a joint venture to create a Sony blockchain. This venture aims to integrate Sony's extensive intellectual property across the Web 3, utilizing brands under the umbrella like Sony Pictures Entertainment Pictures, Sony Music Entertainment Music, and PlayStation. Industry Implications Sony's full entry into the crypto space with S.BLOX signals a significant shift towards mainstream adoption of cryptocurrencies. The company's approach, integrating blockchain technology across various business units, positions it to drive substantial growth in the industry. By leveraging its brand recognition and global reach, Sony is positioned to enhance the adoption of Bitcoin and other cryptocurrencies, reinforcing the utility and stability of digital assets in everyday transactions. This move aligns with the broader vision of a decentralized financial system, facilitating seamless global value transfers and promoting the integration of blockchain technology across multiple sectors. Sony Group on LinkedIn Notable Sources: Cryptonews Decrypt CryptoPotato News

Circle, a leading cryptocurrency firm, has achieved a significant milestone by obtaining an e-money license from France, marking it as the first global stablecoin issuer to comply with the European Union's Markets in Crypto-Assets (MiCA) regulations. This license, granted by France's banking regulator ACPR, ensures that Circle's USDC and Euro Coin (EURC) are now issued in the EU under stringent regulatory standards. Launched in 2018, USDC has grown to become the second-largest stablecoin globally, with over $30 billion in circulation. Circle's new license enables them to mint and redeem stablecoins through Circle Mint, expanding their services across the European Union. This development is seen as a crucial step in integrating digital currency into mainstream financial systems, aligning with Circle's commitment to building compliant and durable infrastructure for stablecoins. MiCA (Maryland Institute College of Art), enacted in May 2023, represents the world's first comprehensive crypto regulatory framework, setting rigorous standards for investor protection and platform security. The law's provisions on stablecoins, approved recently, impose strict limitations on trading volumes, particularly for non-euro-denominated stablecoins. This regulatory clarity is expected to increase stablecoin usage while ensuring consistent oversight. With this achievement, Circle is poised to further its mission of enabling seamless global value transfers and advancing the adoption of digital currencies, contributing to a more inclusive and decentralized financial system. For more detailed insights, you can read the full articles on Cryptonews and Decrypt.

Beware of fake apps. Phantom is an amazing web 3 app but it's very easy to fake on the store! Triple check what you are downloading! #security #safe #phantom #crypto

Strike Expands to the UK: Bitcoin payments app Strike has announced its launch in the United Kingdom. This expansion marks another milestone in Strike's rapid global growth, following recent launches in Europe and Africa. UK customers can now use the Strike app to buy, sell, and withdraw funds, enhancing accessibility to Bitcoin transactions. Stripe Resumes Crypto Payments: After a six-year hiatus, fintech giant Stripe is once again allowing customers to accept cryptocurrency payments. Starting with USDC stablecoins on the Solana, Ethereum, and Polygon blockchains, Stripe is integrating crypto payments into its platform, reflecting its commitment to innovative payment solutions. Louisiana Passes 'Bitcoin Rights' Bill: On June 19, Louisiana quietly passed House Bill 488, also known as the 'Bitcoin Rights' bill. Spearheaded by Congressman Mark Wright, this legislation provides significant legal protections for digital asset users. It upholds the rights of home digital asset miners, ensures users can self-custody their digital assets, allows Bitcoin as a means of payment, and bans the creation of Central Bank Digital Currencies (CBDCs). For Strike’s UK launch, check out their post below https://lnkd.in/g7zxmpUs

The next edition of The Weekly Ledger is now available! Give it a read and learn what happened in the world of Cryptocurrencies the past week! 🌐💰 #Cryptocurrency #WeeklyUpdate #Ledger #TheWeeklyLedger #Stakit #Crypto #Bitcoin #Ethereum #Solana #MtGox #GermanGoverment

Strike Expands to the UK: Bitcoin payments app Strike has announced its launch in the United Kingdom. This expansion marks another milestone in Strike's rapid global growth, following recent launches in Europe and Africa. UK customers can now use the Strike app to buy, sell, and withdraw funds, enhancing accessibility to Bitcoin transactions. Stripe Resumes Crypto Payments: After a six-year hiatus, fintech giant Stripe is once again allowing customers to accept cryptocurrency payments. Starting with USDC stablecoins on the Solana, Ethereum, and Polygon blockchains, Stripe is integrating crypto payments into its platform, reflecting its commitment to innovative payment solutions. Louisiana Passes 'Bitcoin Rights' Bill: On June 19, Louisiana quietly passed House Bill 488, also known as the 'Bitcoin Rights' bill. Spearheaded by Congressman Mark Wright, this legislation provides significant legal protections for digital asset users. It upholds the rights of home digital asset miners, ensures users can self-custody their digital assets, allows Bitcoin as a means of payment, and bans the creation of Central Bank Digital Currencies (CBDCs). For Strike’s UK launch, check out their post below https://lnkd.in/g7zxmpUs