Hello guys, and welcome once more to the MNO blog – delivering you the most up-to-date information on the exclusive investment opportunities online since 2007. Just last week I celebrated sixteen years since my blog has first come online and it has been a delight realizing what I was able to accomplish with hard work and understanding of my personal purpose in the business niche I have chosen.

You might be wondering though why there are no new projects featured on the MNO monitor at the moment. Well, we all know that summers have been traditionally low in activity when it comes to HYIP investments, and especially true when the industry is clearly in the deepest crisis and investors have switched to crypto investments that offer much better returns for a much smaller degree of risk taken. MNO has recently also switched to putting more emphasis on crypto markets, as every Monday I deliver you an overview of the most prominent and talked about events in the crypto industry you might find worthy of your attention.

It does not mean that MNO has completely given up on HYIPs and I fully expect we will see more activity once the autumn comes, perhaps even sooner than that. And as the MNO blog is a one-stop shop for the most important investment projects, I only list programs that have been vetted by myself, and I charge a high price to be listed. This means that you can be confident that the projects you find on my blog are the cream of the crop.

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With the usual summer silence in the HYIP industry I believe now it’s the right time to check out the latest news from the crypto market that happened over the last seven days, July, 03 to July, 09, 2023. Let’s start Monday’s journey and make it exciting and informative, shall we?

BITCOIN REACHES NEW HIGHS LAST WEEK

Bitcoin hit a 13-month high on July 6, 2023, reaching a price of $31,500. There are a few reasons why this happened:
– Growing institutional interest. Major investment firms like BlackRock and Fidelity have recently announced plans to invest in Bitcoin, which has helped to boost demand and prices.
– Expectations of a U.S. Bitcoin ETF. The U.S. Securities and Exchange Commission (SEC) is currently considering applications to list Bitcoin ETFs, which would make it easier for investors to buy and sell Bitcoin. This is seen as a major catalyst for Bitcoin adoption, and could drive prices even higher.
– Inflationary concerns. As inflation continues to rise, investors are looking for assets that can protect their wealth from erosion. Bitcoin is seen as a hedge against inflation, and this has helped to drive prices higher.

Overall, the outlook for Bitcoin is positive. It is a volatile asset, but its long-term potential is very promising. If you are considering investing in Bitcoin, it is important to do your research and understand the risks involved. However, if you are willing to take on some risk, Bitcoin could be a very rewarding investment.

NASDAQ RESPONDS TO SEC CONCERNS

One of the main reasons for the growing investors’ interest in Bitcoin last week was when Nasdaq refiled its proposal to list BlackRock’s spot Bitcoin ETF, it responded to SEC concerns regarding initial filings by:
– Providing additional information about the liquidity of the underlying Bitcoin market. Nasdaq submitted a report from the Financial Industry Regulatory Authority (FINRA) that found that the Bitcoin market is “reasonably liquid” and that there is “sufficient interest in Bitcoin ETFs.”
– Addressing concerns about the potential for fraud and manipulation in the Bitcoin market. Nasdaq stated that it has a number of safeguards in place to protect investors from fraud and manipulation, including requiring that Bitcoin ETFs be physically backed by Bitcoin and that they be subject to strict trading rules.
– Reducing the minimum investment amount for the ETF. Nasdaq reduced the minimum investment amount for the ETF from $25,000 to $2,500, making it more accessible to retail investors.

The SEC is still reviewing Nasdaq’s refiled proposal, and it is not clear when a decision will be made. However, Nasdaq’s response to the SEC’s concerns is seen as a positive step, and it is likely to increase the chances that the ETF will be approved.

Here are some additional details about the SEC’s concerns regarding initial filings:
– The SEC was concerned that the Bitcoin market was not liquid enough to support a spot Bitcoin ETF.
– The SEC was also concerned about the potential for fraud and manipulation in the Bitcoin market.
– The SEC was concerned that the minimum investment amount for the ETF was too high, making it inaccessible to retail investors.

Nasdaq’s response to these concerns addressed each of the SEC’s main concerns. The additional information about the liquidity of the Bitcoin market, the safeguards in place to protect investors from fraud and manipulation, and the reduced minimum investment amount are all likely to be seen favorably by the SEC.

LARRY FINK STATES BITCOIN COULD BE REVOLUTIONARY

In a recent interview with Fox Business, BlackRock CEO Larry Fink said that Bitcoin could be a “revolutionary” technology. He said that Bitcoin has the potential to “disrupt the financial system” and that it could be a “store of value” for people around the world.

Fink’s comments are significant because BlackRock is the world’s largest asset manager, with over $9 trillion in assets under management. His endorsement of Bitcoin could help to legitimize the cryptocurrency and could lead to more institutional investment in Bitcoin.

Fink’s comments also come at a time when Bitcoin is gaining more mainstream acceptance. In recent months, several major companies have announced plans to accept Bitcoin as payment, including Tesla, Starbucks, and Microsoft.

While Bitcoin is still a volatile asset, its long-term potential is very promising. If Bitcoin is able to achieve widespread adoption, it could have a major impact on the global financial system.

Here are some of the reasons why Fink believes that Bitcoin could be revolutionary:
– Bitcoin is a decentralized currency. This means that it is not controlled by any central authority, such as a government or a bank. This makes Bitcoin a more secure and transparent form of currency.
– Bitcoin is a limited resource. There will only ever be 21 million bitcoins, which makes it a scarce asset. This could make Bitcoin a more valuable store of value in the future.
– Bitcoin is a global currency. It can be used to send and receive payments anywhere in the world. This makes Bitcoin a more convenient and efficient form of currency.

Of course, there are also some risks associated with Bitcoin. For example, the cryptocurrency is still relatively new and untested. There is also the risk that Bitcoin could be hacked or that its value could plummet. However, the potential rewards of investing in Bitcoin could be significant. If Bitcoin is able to achieve widespread adoption, it could have a major impact on the global financial system.

Only time will tell whether Bitcoin will be able to live up to its potential. However, the comments of Larry Fink suggest that the cryptocurrency is gaining the attention of some of the biggest players in the financial world.

COINBASE SOARS WITH BITCOIN ETF INVOLVEMENT

That is not the only positive development happened on the crypto market over the last week. As you may know Coinbase is a cryptocurrency exchange that has been growing in popularity in recent years. So, last week Coinbase’s stock price soared after the company announced that it would be partnering with BlackRock to launch a spot Bitcoin ETF.

A spot Bitcoin ETF is an exchange-traded fund that would track the price of Bitcoin. This would make it easier for investors to buy and sell Bitcoin through traditional brokerage accounts.

The approval of a spot Bitcoin ETF has been a long-awaited event in the cryptocurrency space. Many investors believe that it would be a major catalyst for Bitcoin adoption and could help to drive the price of Bitcoin even higher.

The news of Coinbase’s partnership with BlackRock sent the company’s stock price soaring by nearly 12%. This is a sign that investors are bullish on the future of Bitcoin and that they believe that a spot Bitcoin ETF would be a major success.

Of course, there is no guarantee that the SEC will approve a spot Bitcoin ETF. However, the news of Coinbase’s partnership with BlackRock is a positive sign for the future of Bitcoin and could help to pave the way for the approval of a spot Bitcoin ETF in the near future.

Here are some of the reasons why Coinbase’s stock price soared after the announcement of the partnership with BlackRock:

– Expectations of a Bitcoin ETF approval. The approval of a spot Bitcoin ETF has been a long-awaited event in the cryptocurrency space. Many investors believe that it would be a major catalyst for Bitcoin adoption and could help to drive the price of Bitcoin even higher.
– Increased institutional interest in Bitcoin. Major investment firms like BlackRock have recently announced plans to invest in Bitcoin, which has helped to boost demand and prices.
– Positive sentiment towards Bitcoin. The overall sentiment towards Bitcoin has been positive in recent months, as more and more people are becoming aware of the cryptocurrency and its potential.

It is important to note that Coinbase’s stock price is still volatile, and it is possible that the price could fall back down in the near future. However, the long-term outlook for Coinbase is positive, as the cryptocurrency market continues to grow and mature.

MULTICHAIN HACKED WITH MILLIONS OF DOLLARS STOLEN

Multichain, a cross-chain bridging protocol that operates on dozens of blockchains, was hit by a hack on July 7, resulting in over $120M in digital assets being transferred to unknown wallets.

The hack was first reported by MetaSleuth, a crypto funds visualization and analysis company. MetaSleuth noted that over $120M in assets comprising of BTC, USDC, and USDT, as well as a basket of altcoins formerly held on Multichain’s Fantom bridge, now reside among numerous separate wallet addresses.

The Multichain team has confirmed that the hack occurred and is currently investigating the incident. The team has asked users to revoke all approvals related to its smart contracts and to stop using its services.

The hack is a major setback for Multichain, which is one of the most popular cross-chain bridging protocols. The hack has raised questions about the security of similar bridging protocols and the need for better protective measures.

The Multichain hack is also a reminder of the risks associated with cryptocurrency investing. Cryptocurrencies are still a relatively new asset class, and they are subject to volatility and hacks. Investors should carefully consider the risks before investing in cryptocurrencies.

The Multichain hack is a major setback for the cross-chain bridging protocol. It has raised questions about the security of cross-chain bridging protocols and the need for better security measures. It is also a reminder of the risks associated with cryptocurrency investing.

MANY BINANCE EXECUTIVES QUIT OVER US REGULATORY SCRUTINY

In July 2023, several executives at Binance, the world’s largest cryptocurrency exchange, left the company, mostly citing personal reasons. The exits come at a time when Binance is facing regulatory scrutiny in the United States.

The executives who left include:
– Patrick Hillmann, chief strategy officer
– Steven Christie, senior vice president of compliance
– Hon Ng, general counsel
– Yibo Ling, chief business officer

Binance has been under fire from regulators in the United States for operating without proper registration. In June 2023, the U.S. Securities and Exchange Commission (SEC) sued Binance for violating securities laws. The SEC alleges that Binance failed to register its token offerings with the SEC and that it engaged in market manipulation. Binance has denied the allegations. The company has said that it is cooperating with the SEC investigation.

The exits of the executives could be seen as a sign that Binance is facing increasing pressure from regulators. It is also possible that the executives left for personal reasons.

It is unclear what the impact of the executives’ exits will be on Binance. However, the company is likely to face challenges as it tries to navigate the regulatory landscape in the United States.

THE WINKLEVOSS TWINS PREPARING FOR LITIGATION AGAINST SEC

And finally for today’s news. The Winklevoss twins, Cameron and Tyler, are preparing for litigation against the U.S. Securities and Exchange Commission (SEC). The twins allege that the SEC is discriminating against them because they are cryptocurrency investors.

The twins filed a complaint with the SEC in 2018, alleging that the agency had violated their First Amendment rights by refusing to approve a Bitcoin ETF that they had proposed. The SEC denied the twins’ application, citing concerns about the risks of fraud and manipulation in the cryptocurrency market.

The twins are now seeking a court order to compel the SEC to approve their ETF. They argue that the SEC’s decision to deny their application was arbitrary and capricious, and that it was motivated by the agency’s bias against cryptocurrency investors.

The SEC has not yet filed a response to the twins’ complaint. However, the agency has said that it is “committed to protecting investors in the cryptocurrency market.”

The Winklevoss twins are not the only cryptocurrency investors who have been critical of the SEC. In recent months, there has been a growing chorus of complaints from cryptocurrency investors who say that the SEC is discriminating against them.

The SEC has been accused of being slow to approve cryptocurrency ETFs, and of being too harsh in its enforcement actions against cryptocurrency companies. Some critics have even accused the SEC of being “cryptophobic.”

The SEC has defended its record, saying that it is simply trying to protect investors from the risks of fraud and manipulation in the cryptocurrency market. However, the agency’s critics say that the SEC’s policies are stifling innovation in the cryptocurrency industry.

The litigation between the Winklevoss twins and the SEC is likely to be closely watched by the cryptocurrency community as the outcome of the case could have a significant impact on the future of cryptocurrency regulation in the United States.

That’s all the latest news and events from the crypto market I have to share with you for this week. I will hope to talk to you again next Monday guys, so stay tuned for more news!

Thanks a lot for sticking with MNO, everyone! I promise you won’t be disappointed as something truly big will arrive soon. Check this space as it will be available exclusively on MNO – For Money Lovers!