This is The Crypto Explorer! your Crypto tour guide.

A warm welcome to the 31 folks who joined us yesterday

Here’s what we got for you today:

• 💃 Voyager withdrawals are Finally Resuming!

• 😱 Bitcoin Dips Below $25,000!

• 🧱 Around The Block: Binance Applies to Deregister in Cyprus.

💃 Voyager Withdrawals Are Finally Resuming!

Voyager customers are finally on the verge of being able to withdraw a significant portion of their crypto.

The bankrupt crypto lender (Voyager) halted deposits and withdrawals in July 2022 when it shuttered its core business lines.

Leaving its customers stranded for about a year! 😡

That’s a long time to go with access to your sweet, sweet crypto.😥

But now, there’s a glimmer of hope.

In a recent court filing, plans were outlined for Voyager's platform to reopen between June 20 and July 5, enabling creditors to withdraw approximately 35% of their crypto holdings.

Hurray!!!!

Now, how can you access your long-awaited funds?

Just submit a withdrawal request through the Voyager platform, and within three to seven days, funds will be distributed to you.

Easy peasy right? 😃

So mark your calendars, set your reminders and let the countdown begin!

 😱Bitcoin Dips Below $25,000!

The price of Bitcoin (BTC) has dropped below the $25,000 mark for the first time since March 17, 2023.

According to data from TradingView, Bitcoin's price fell 4% from $25,867 to $24,819 within the span of 30 minutes on June 15, but it has recovered slightly and is currently hovering just above $25,000.

Why this decline?

The sharp decline in Bitcoin's price occurred approximately three hours after the Federal Reserve announced a pause in interest rate hikes, following a fifteen-month-long campaign of rate increases to combat surging inflation.

And unfortunately this doesn’t seem to be a temporary pause.😓

According to eToro Market Analyst Josh Gilbert, Federal Reserve chair Jerome Powell has made it quite clear that this is only a temporary pause.

This could spell further trouble for Bitcoin in the long-term.😩

A pause in interest rate hikes, coupled with the SEC’s lawsuits against Binance and Coinbase only work to dampen investor enthusiasm for risk assets like cryptocurrencies.

BTC is not the only cryptocurrency struggling recently.📉

The second largest cryptocurrency by market cap, Ether (ETH), also experienced a decline, falling over 5% from $1,727 to $1,631 during the same time frame.

Meanwhile altcoins labeled as securities in the SEC's lawsuits, also faced bearish sentiment, with many of them declining by more than 3%.

Cardano (ADA) has dropped 3.4% in the last 24 hours, while Polygon (MATIC) and Solana (SOL) fell by 3.3% and 2.8%, respectively.

But fear not, fellow crypto enthusiasts! Remember, in this volatile crypto world, the only constant is change.💪

🧱 Around The Block: Binance Applies to Deregister in Cyprus.

• 🚪Exit: Binance applies to deregister in Cyprus, says focus is on ‘larger markets’.

• 🤵Presidential Bid: Pro-Bitcoin Miami Mayor Francis Suarez files for 2024 presidential bid.

• 💵Funds Recovery: Hashflow assures users will be made 'whole' following $600K exploit.

• 📑Report: Hong Kong govt pressures banking giants to accept crypto clients.

That's all we've got for you today.

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In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.