Crypto Mindset 💰

🟠 Nine Major Firms Launch $15M Bitcoin Security Consortium BlackRock, Coinbase, Strategy, Fidelity Digital Assets, Anchorage Digital, ARK Invest, Block, Blockstream, and Galaxy have formed the Bitcoin Security Consortium, pledging $15 million over three years to fund open-source developers and advance quantum-resistant security research for the Bitcoin network. Announced July 23, the consortium w…

🔐 UK gang jailed for £4M crypto impersonation scam A UK criminal gang has been sentenced after stealing over £4 million ($5.4M) in cryptocurrency from eight victims by posing as police officers. The group used convincing fake police websites to deceive targets into handing over their crypto holdings. The fraud involved direct impersonation of law enforcement, a tactic designed to pressure victims…

Some interesting macro data dropped: Bitcoin aggregate demand just experienced a major recovery. The gap narrowed down to -75k BTC, driven mostly by derivatives markets. Still, the underlying spot market remains weak. Glassnode says the market is trying to find its footing, but we desperately need retail and institutions to buy real BTC to secure a true reversal. Crypto Mindset ✅️

Crypto speak: Bull trap A “bull trap” is a market analysis term that refers to a cryptocurrency’s price action that feigns an impending long-term upward (bullish) trend when, in reality, it’s secretly a short-term correction with more downward pressure. In other words, if you see a crypto’s price pumping and immediately rush to buy it, congratulations, there’s a strong chance you’re entering a bu…

💎 💎 💎 💎 💎 Sen. Kirsten Gillibrand says three key issues in CLARITY Act negotiations are expected to be resolved before markup: • Consumer protections • Illicit finance and terrorism financing safeguards • Ethics provisions for government officials “It can get done by August if we’re lucky.” Crypto Mindset ✅️