C.R.E.A.M. #15 - Bitcoin is not moving - are we going down?

Dear Lizards,

Excitement is in the air as the crypto world experienced both stability and thrilling developments! After the BlackRock - ETF news, the flames of anticipation have been rekindled. This move promises a regulated gateway to the wonders of Bitcoin. After Bitcoin surged to the new 1-year high (!) and seemd about to break the pre-existing resistance level of $31,500, we saw a rejection back to the ~$30,000 level. Ethereum joined the adventure, taking a dip to $1,820, adding to the suspense.

In the midst of this thrilling rollercoaster ride, Solana, the dark horse, defied all odds! Despite being delisted by Revolut, Solana defied gravity, surging an astonishing 20% to reach $22.85. Talk about resilience and defying expectations!

During this breathtaking up and down, regulatory waves made their way to the scene. Singapore banned lending and staking, ensuring a safer environment for retail customers. Not to be outdone, Thailand took a decisive stand by prohibiting depository services, including lending and staking. Meanwhile, the UK's FCA stepped up its game, mandating crypto companies to adhere to strict financial promotion rules. In a letter dated July 10, Grayscale, a crypto asset manager, raised doubts about the decision made by the U.S. Securities and Exchange Commission (SEC) to approve a leveraged Bitcoin exchange-traded fund (ETF).

The crypto landscape is evolving rapidly, and compliance is the name of the game.

The cryptocurrency market continues to captivate investors, leaving us eagerly anticipating what lies ahead. With a mixture of stable performances, electrifying developments, and a regulatory whirlwind, we're witnessing history in the making. So strap yourselves in, fellow lizards, as we navigate these thrilling waters together.

In today's issue, we will give a concise update on the big three - Bitcoin, Ethereum and the coin of the hour: Litecoin.

Enjoy!

Yours,

Stockmoney Lizards