✨Panelists at Harmony Meetup V! Thank you to everyone who joined for incredible web3 discussions and connections 💫

✨Panelists at Harmony Meetup V! Thank you to everyone who joined for incredible web3 discussions and connections 💫

🚀 GoMarket Weekly #17🚀 We’re excited to bring you the latest edition of GoMarket Weekly, authored by Mike Ermolaev, our go-to crypto market analyst! This week, we dive into Bitcoin's recent drop, Ethereum's ETF developments, and Vitalik Buterin's proposals for faster transactions. The latest trends in mining and regulatory developments are also covered here – get the insight you need to stay up-to-date. 🔍 Bitcoin's Sell-Pressure Factors🔍 Over the past week, Bitcoin experienced a decline of around 11%. Key factors include the Federal Reserve's cautious stance on rate cuts, weak jobs data, and political uncertainties. The latest job openings data showed 8.14 million jobs at the end of May, but rising weekly jobless claims and a climbing unemployment rate are causing concern. Additionally, uncertainty over the U.S. presidential elections adds to the market unease. 🇩🇪 BTC Transfers by the German Government 🇩🇪 In the last four days, the German Federal Criminal Police Office (BKA) transferred 3,219 BTC (worth around $174.17 million) to various external wallets, increasing market uncertainty and selling pressure. 🗞️ Mt. Gox Bitcoin Release🗞️ Mt. Gox has begun repayments to customers, potentially releasing up to 140,000 BTC into the market, further contributing to market volatility. 📉 Renewed Sell-Offs by Long-Term Holders📉 Long-term Bitcoin holders have resumed sell-offs after halting in early May, also contributing to market uncertainties. Despite this, Standard Chartered Bank predicts Bitcoin could hit $100,000 by the year's end. 📈 Bitcoin ETF Flows Show Positive Sentiment 📈 Between June 28 and July 3, Bitcoin ETFs saw net inflows of $188.3 million, reflecting growing investor enthusiasm. 🌐 Upcoming ETH ETF Launch & Buterin's Proposal for Faster Transactions 🌐 The launch of spot ETH ETFs is expected to bring in $1.4–$4.5 billion in inflows over the next six months. Also, Vitalik Buterin has proposed a new method to accelerate transactions on Ethereum through a single-slot finality (SSF) system. Is Ethereum poised to take the lead in the blockchain sprint with this latest innovation? 🛡️ New Solana ETF Filings, IRS Crypto Reporting Requirements & SEC Action Against Consensys 🛡️ 21Shares filed for a Solana-based ETF, following VanEck's similar filing. Meanwhile, the IRS introduced new regulations requiring cryptocurrency brokers to file 1099 forms starting in 2025 and track the cost basis for customers' tokens beginning in 2026. Also, the SEC took action against Consensys for unregistered securities sales. ⛏️ Decrease in Bitcoin Miner Withdrawals ⛏️ Bitcoin miner withdrawals have decreased significantly, dropping by approximately 72% from the recent peak on June 29, when withdrawals reached 82,122 BTC. A stark decline in miner sales weighs in favor of Bitcoin, hinting that the floodgates may soon open for price gains if the market can absorb the remaining supply. 🔗 Get the inside story – see the full analysis here 🔗 Don’t miss out on the latest updates – stay tuned! #GoMining #GoMarket #NFT #MarketReview