One of the victims identified in the police operation said she carried around $13,000 in cash at one point to send Bitcoin to scammers via crypto ATMs.

Crypto ATM sting uncovers elderly widow who lost $281K in a scam

South Korean police have seized up to 4.4 billion won worth of cryptocurrency 
held by a group of illegal crypto exchange operators profiting off of user 
platform fees. According to a news report from Yonhap, the authorities raided 
a syndicate…

South Korean authorities seize $3.2m worth of crypto from fake crypto exchanges

Crypto holdings could soon count toward U.S. mortgages under a new directive 
by the Federal Housing Finance Agency. In a directive issued by FHFA director 
William J. Pulte on June 25, the agency instructed mortgage giants Fannie Mae 
and Freddie…

U.S. agency directs mortgage giants Fannie Mae and Freddie Mac to consider crypto assets

Invesco and Galaxy have become the ninth issuer to file for a spot Solana ETF 
with the U.S. Securities and Exchange Commission. According to a June 26 
filing, Invesco and Galaxy’s proposed fund will offer direct exposure to 
Solana (SOL),…

Ninth Solana ETF filing lands as Invesco and Galaxy submit S-1

Crypto exchange Kraken is expanding its European presence through a Markets in 
Crypto-Assets Regulation (MiCA) license granted by the Central Bank of 
Ireland. Announced in a June 25 blog post, the license allows the exchange to 
scale its regulated services…

Kraken unlocks EU market access with MiCA license from Ireland

On-chain data shows new investors have been coming into Chainlink (LINK) as 
the MVRV Ratio signals a potential long-term opportunity for the asset. 
Chainlink Has Seen Its Total Holder Count Reach A New High In a new post on X, 
the analytics firm Santiment has discussed about the latest trend in the Total 
Amount of Holders metric for Chainlink. This indicator measures, as its name 
suggests, the total number of addresses on the LINK network that are carrying 
some non-zero balance. Related Reading: Tron’s 374% Profit-Taking Spree 
Uncovered—Here’s Who Was Behind It Below is the chart shared by Santiment that 
shows how the value of the metric has changed during the past year. As 
displayed in the graph, the Total Amount of Holders observed an inflection 
point earlier this year and has since been climbing up at a notable rate. This 
suggests that new non-empty wallets are popping up on the network. This kind 
of trend can arise due to a number of reasons. Fresh investors coming into the 
space or old ones who sold before making a return naturally contribute to an 
increase in the indicator. Another factor could be existing users creating new 
wallets to distribute their holdings or for privacy purposes. In general, all 
of these could be assumed to be occurring simultaneously to a degree whenever 
the Total Amount of Holders goes up. As such, the recent uptrend in the metric 
could indicate that some net adoption (that is, the influx of new investors) 
has steadily been taking place for Chainlink. Over the past month, 7,903 new 
non-zero balance addresses have joined the chain, bringing the Total Amount of 
Holders to a fresh all-time high (ATH) of 769,380. In the same chart, the 
analytics firm has also attached the data of another indicator: the Market 
Value to Realized Value (MVRV) Ratio. This metric basically compares how the 
value held by the BTC investors (the market cap) compares against the value 
put in by them (the realized cap). In other words, the indicator tells us 
about the profit-loss balance of the holders. Here, the version of the MVRV 
Ratio that&#8217;s relevant is the 365-day version, capturing the situation of the 
investors who bought their coins within the past year. Related Reading: Crypto 
Bears Rekt: $359M Gone As Bitcoin, Ethereum Rebound From the graph, it&#8217;s 
visible that the 1-year MVRV Ratio of Chainlink is currently sitting at a 
negative 17.3%, an indication that these traders are, on average, holding a 
loss of 17.3%. Generally, however, investors being underwater isn&#8217;t actually a 
bad thing for the cryptocurrency. This is because holders in profit are the 
ones more likely to participate in selling. As such, Santiment notes that the 
trend in the 365-day MVRV Ratio could suggest the asset&#8217;s &#8220;long-term investing 
timeframe is in an opportunity zone.&#8221; LINK Price At the time of writing, 
Chainlink is trading around $13.15, up more than 2% in the last seven days. 
Featured image from Dall-E, Santiment.net, chart from TradingView.com