Episode Details

25th June: Crypto & Coffee at 8
🥶 Crypto market bleeds — WHY? ❗Tether.io Stops Minting EOS + Algorand 🚨 Ton overtakes Dogecoin 🟤Kenya’s Worldcoin Investigation over

❗ More supply of hashtag#BTC (Mt Gox) + Germany selling off BTC = Crypto 👎🏻 

🟠 MT.GOX Exchange will begin distributing $9 billion in bitcoin to creditors in July 2024, after a decade-long wait. The disbursements will include approximately $9 billion in bitcoin (BTC) and $50.8 million in (BCH), sent to designated exchanges. Mt Gox halted operations in February 2014 after losing 850,000 BTC, but later recovered 202,000 BTC in March 2014. The trustee emphasized that the repayment process would comply with financial regulations and urged creditors to be patient. Following the announcement, bitcoin’s price dropped to a low of $60,580 but has since stabilized just above $61,000. Official info here https://lnkd.in/dXza8AXT

🟠 Also according to data from Santiment AG on June 23, there were 9,923 Bitcoin whale transactions (each exceeding $100,000) over the previous two days, marking a 42% decrease from the 17,091 transactions recorded in the two days prior.

🚨 On the 19th Arkham Intelligence stated German-government labeled wallet moved nearly 6,500 BTC. Some transactions were sent to the crypto exchanges Kraken Digital Asset Exchange and Bitstamp

🛑 Tether.io will discontinue support for the EOS and Algorand implementations. Official blog here https://lnkd.in/dJCBWbXX The primary reason for this decision is to better allocate resources to blockchains that align with community interest and offer enhanced security and efficiency. 
-Tether will stop minting USD₮ on EOS and Algorand starting today, June 24, 2024.
- Tether will continue to redeem USD₮ on EOS and Algorand as usual for the next 12 months. Further changes may be evaluated and announced around that time.

🛑 Is this a Centralized decision? No community (Decentralised) was involved!

🟢 Toncoin leapfrogs Dogecoin with MC of $18.18B 
- Toncoin has made significant strides in recent months, securing key partnerships and expanding its ecosystem. A major milestone was the integration of the USDT stablecoin onto the TON blockchain, enhancing its utility and appeal to users. Additionally, the rising popularity of projects like the Hamster Kombat Play-to-Earn game has contributed to the growing traction of the Toncoin ecosystem. Validate via CoinMarketCap

⚫ Kenyan police have reportedly concluded their investigation of Worldcoin, allowing the company to resume its activities in the East African nation. The chief legal officer at 

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