Stay in the loop with our weekly crypto digest as we get you up to speed on the hottest trends and events in the crypto space.

Here's what happened in crypto this week: Spot Ethereum ETF Issuers Update Fees And Seed Investments In Latest Filings Various firms competing for

Stay in the loop with our weekly crypto digest as we get you up to speed on the hottest trends and events in the crypto space.

Here’s what happened in crypto this week:

Bitcoin Price Analysis For June 27: BTC/USD Bulls Aiming For $40K Resistance

Bitcoin (BTC) price opened the new week on a positive note, continuing its recovery from last week’s lows around the $36K-$37K levels. BTC/USD began the week with a strong bullish push, rallying quickly from lows of $37,283 to highs of $38,363 within the first hour of Monday. The bulls faced some resistance at this level, and the price consolidated in a narrow range for the next few hours. Later in the day, another wave of buying pressure emerged, pushing the price above the $38K resistance zone to reach highs of $38,833. From these highs, the price encountered another wave of selling pressure, which drove BTC/USD to lows of $38,183 before finally closing the day at $38,226, up by 2.47% from the previous week’s close.

Crypto Fear And Greed Index Falls Back To Neutral Zone After Last Week’s Rally

The Alternative.me Crypto Fear and Greed Index fell back into the neutral zone this week after last week’s rally, which saw the index move from a value of 20 into the貪婪 zone. This week, the index began with a value of 51 in the貪婪 zone, but as the markets consolidated and the price movements slowed down, the index also began to decline. By the end of the week, the index had reached a value of 49, which is just within the neutral zone.

Breaking: Mt. Gox To Start Repayments In Bitcoin (BTC) And Bitcoin Cash (BCH) In July

Defunct crypto exchange Mt. Gox announced that it will commence repaying creditors in Bitcoin (BTC) and Bitcoin Cash (BCH) starting next week after years of postponed deadlines.

The process will progress in stages, and Mt. Gox has requested creditors and other affected parties to remain patient as they execute the repayments progressively as per the exchange requirements.

Mt. Gox was once the world’s top crypto exchange, handling over 70% of all Bitcoin transactions in its early years. In early 2014, hackers attacked the exchange, losing an estimated 740,000 Bitcoins ($15 billion at current prices).

Crypto Exchange Deribit To Launch Native Token And DEX In H2 2024

Leading crypto derivatives exchange Deribit announced plans to launch its native token in the second half of 2024, followed by a decentralized exchange (DEX) in 2025.

According to a June 26th blog post, the exchange token will serve as a utility token within the Deribit ecosystem, facilitating interactions with various products and services.

The announcement comes amid a growing trend of centralized crypto exchanges venturing into the decentralized space to cater to the increasing demand for self-custody and Web3 integration.

Binance To Launch New DEX Platform Called ‘Venus’ In Coming Months: Report

Major crypto exchange Binance is reportedly preparing to launch a new decentralized exchange (DEX) platform called “Venus” in the coming months, according to a recent report by The Block.

The publication claims to have obtained internal Binance documents and spoken with people familiar with the project, who revealed that Venus will be a standalone DEX with its own user interface and order book. It will be separate from Binance DEX, which was launched in 2019 and is integrated into the main Binance platform.

The report adds that Venus will be powered by BNB Chain and will initially support spot trading for a limited number of crypto pairs. However, the exchange plans to expand the trading options and add more features over time.

Kraken To Launch New DEX Platform Called ‘Project Tokyo’ In Coming Months: Report

Another major crypto exchange, Kraken, is also reportedly preparing to launch a new decentralized exchange (DEX) platform called “Project Tokyo” in the coming months, according to a recent report by The Block.

The publication claims to have obtained internal Kraken documents and spoken with people familiar with the project, who revealed that Project Tokyo will be a standalone DEX with its own user interface and order book. It will be separate from Kraken DEX, which was launched in 2021 and is integrated into the main Kraken platform.

The report adds that Project Tokyo will be powered by a Layer 2 network and will initially support spot trading for a limited number of crypto pairs. However, the exchange plans to expand the trading options and add more features over time.

Final Thoughts

And that’s it for this week!

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