Bitcoin miners are in the green again following BTC’s massive recovery over the past week. On-chain data suggests miners’ BTC sales to upgrade machinery and sustain operations are ending. The Miner Sustainability metric, an indicator that evaluates the profitability of mining activities after accounting for the cost of hardware and operations, shows that this cohort...Read More
[PRESS RELEASE – Majuro, Marshall Islands, July 23rd, 2024] Multipool, a leading innovator in the blockchain and cryptocurrency industry, today announces a strategic investment from Kronos Research. This investment solidifies Kronos’s stance of on-chain order books being the future of the industry and marks a significant milestone in strategic cooperation between the two companies and...Read More
Hamilton Lane, a global investment firm with over $920 billion in assets under management, has taken a bold step into the world of blockchain. The firm is launching its Senior Credit Opportunities Fund (SCOPE) on the Solana blockchain through a partnership with Libre, an institutional Web3 infrastructure provider. This move marks a significant milestone in...Read More
The Coinbase premium turned positive in early July after a period of concern following a dip in mid-May According to research from Kaiko, this could hint at a resurgence of institutional interest in Bitcoin. Renewed Institutional Interest The Coinbase premium, which measures the difference between hourly bitcoin prices on Coinbase’s BTC-USD pair and Binance’s BTC-USDT...Read More
The long-anticipated launch of spot Ethereum ETFs in the United States became a reality today as nine such financial vehicles went live for trading. The first 90 minutes were quite impactful, as the total volumes exceeded $360 million, according to data from Bloomberg’s ETF specialist – Eric Balchunas. Here’s where we at after 90 minutes....Read More
[PRESS RELEASE – Grand Cayman, Cayman Islands, July 23rd, 2024] Sui joins an exclusive list of AWS-integrated blockchains Sui Foundation, the organization dedicated to the advancement and adoption of the layer 1 blockchain of the same name, today announced the integration of Amazon Web Service’s (AWS) Blockchain Node Runners on Sui, providing developers with a...Read More
Following weeks of adjustments to registration statements, several spot Ethereum ETFs have been approved and will start trading on Tuesday. Ether’s price has not experienced any significant changes so far. Kaiko suggests that in the coming days, the crypto asset will likely be “sensitive” to inflows from spot ETFs, especially given the tepid demand for...Read More
[PRESS RELEASE – Miami, Florida, July 23rd, 2024] FLOKI, the cryptocurrency ecosystem, announced today that Valhalla, a MMORPG (Massively Multiplayer Online Role-Playing Game) spin on the classic Creature-Collection adventure, will be the Associate Sponsor for India’s Tour of Sri Lanka. This partnership will give Valhalla significant visibility through mid-wicket pitch mats, ground LED boards, backdrops,...Read More
Spot Bitcoin ETFs are back in favor among institutional investors this week, with Monday, July 22, registering the largest daily inflow since June 4. A whopping $533.6 million entered four of the eleven listed spot BTC ETFs in the United States, according to preliminary data from Farside Investors. There have now been 12 consecutive days...Read More
Jupiter Token JUP on Friday closed above the $1 resistance and, a territory that was lost back in 2nd week of June. Today, JUP experienced volume turbulence and lost the $1 region to drop to the current price of $0.96 with bearish momentum. JUP, the native asset of Jupiter, a Decentralized Exchange on the Solana...Read More
Ethereum prices dropped more than 3% from an intraday high of $3,540 on July 22 to a low of $3,425 during the Tuesday morning Asian trading session. They have recovered slightly since but analyst ‘Kaleo’ predicted that there is a “high likelihood we see some type of pullback after the spot ETF launches.” He predicted...Read More
On July 23, Hong Kong will launch Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK). This new exchange-traded fund (ETF) by China Southern Asset Management Co., Ltd (CSOP) is designed to provide investors with an opportunity to profit from declines in Bitcoin’s price. Asia’s First Bitcoin Futures Inverse...Read More
Investment in digital asset products continued to rise, with inflows reaching $1.35 billion last week, totaling $3.2 billion over the past three weeks. Trading volumes for Exchange Traded Products (ETPs) also saw a significant increase, up 45% week-over-week to $12.9 billion. However, this accounted for a lower-than-usual 22% of the overall crypto market volumes. Bitcoin...Read More
Bitcoin’s latest uptrend and surge to the $67,000 level have put many investors in the money, with the majority of addresses holding the primary cryptocurrency flashing green. A tweet from IntoTheBlock has revealed that 93% of addresses holding BTC are in profit again. Historical data from the on-chain intelligence platform shows that Bitcoin holders have...Read More
[PRESS RELEASE – Mexico City, Mexico, July 22nd, 2024] Etherfuse, a pioneering platform for the issuance of tokenized real-world assets, announced today that it has successfully raised $3 million in a seed funding round. The round was co-led by White Star Capital and North Island Ventures, with participation from The Department of XYZ, The Stellar...Read More
[PRESS RELEASE – George Town, Cayman Islands, July 22nd, 2024] Zircuit, a fully EVM-compatible ZK rollup with AI-enabled sequencer level security, today announced it raised a Mainnet funding round with participation from Binance Labs, Mirana Ventures, Amber Group, Selini, Robot Ventures, Nomad Capital, Borderless Capital, and prominent angel investors including the founders of Renzo, Etherfi,...Read More
Over the past ten years, Ethereum has transformed the blockchain landscape. From its initial coin offering to becoming the second-largest crypto by market cap, Ethereum has continuously evolved, implementing major upgrades like the shift to Proof-of-Stake (PoS) and Layer 2 scaling solutions and cementing its position as a cornerstone of the Web3 ecosystem despite the...Read More
[PRESS RELEASE – Miami, United States, July 22nd, 2024] The pseudonymous artist Mr. Black, is about to reveal an Epic 21,000-Piece Ordinal Collection on Bitcoin, proclaiming Divine Inspiration and Potential to Usher in Messianic Age Mr. Black, the elusive and mysterious artist, is set to release a revolutionary 21,000-piece ordinal collection inscribed on Bitcoin, designed...Read More
WazirX has increased its White Hat recovery reward by 10%, which is now worth $23 million. This move follows a severe cyber attack that resulted in the theft of over $230 million from a multi-signature wallet. WazirX Increases Bounty Reward As a way to recover funds, the exchange announced a Bounty Program, calling on global...Read More
[PRESS RELEASE – New York, United States, July 22nd, 2024] NPC Labs sets sights on bringing 3 billion gamers onchain and expanding blockchain use cases NPC Labs announces a US$18 million Seed Round led by Pantera Capital, totaling $21 million including Pre-Seed funding. The round also includes notable investors Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana...Read More
Popular analyst Lark Davis took to his latest video and said that Bitcoin holders might not be ready for what’s coming. Looking at the charts, Bitcoin is showing strong signs of reaccumulation. According to him, Bitcoin, which is currently around $68,000, recently had a breakout and is targeting $72,000 as the next critical resistance level....Read More
[PRESS RELEASE – Lisbon, Portugal, July 22nd, 2024] Sunami Network is excited to introduce SUUSD, a new stablecoin that offers liquidity and return opportunities. This innovative stablecoin introduces a new approach to yield-bearing, allowing users to benefit from holding the coin. SUUSD combines the benefits of a term deposit and a current account. In accordance...Read More
Bitcoin has gained around 17% since last weekend, which equates to around $9,000 over the past seven days or so. The asset was trading below $60,000 last weekend but surged to a six-week high above $68,000 on July 22. What has been driving market momentum for the past week, and will it continue? Bitcoin Is...Read More
Crypto markets have made gains over the weekend, with total capitalization hitting a six-week high. All eyes are on PCE inflation data this week as it is the Federal Reserve’s preferred inflation measure and could influence a rate cut decision set for September. Additionally, a big shake-up in the U.S. presidential election race as Joe...Read More
[PRESS RELEASE – Hong Kong, Hong Kong, July 21st, 2024] SoMon, a decentralized Web3 forum with a vision to create a space for user-owned content and connections, recently launched its app on Base and has already gained more than 300,000 on-chain transactions in 14 days since its launch, making it the most active and fastest-growing...Read More
[PRESS RELEASE – Toronto, Canada, July 21st, 2024] A new study reveals some Canadian crypto platforms charge up to 19x more in fees RankFi, an independent comparison platform, has released its latest study on cryptocurrency exchange fees, highlighting substantial cost differences among 18 Canadian trading platforms. This comprehensive analysis aims to help crypto investors find...Read More
Leading crypto exchange Kraken has inked a partnership with one of England’s most iconic football clubs, Tottenham Hotspur. According to the official announcement, the alliance has made Kraken the crypto, web3, and the official sleeve partner for Tottenham Hotspur’s men’s and women’s teams ahead of the 2024/2025 football season. Kraken Partners With Tottenham Hotspur Kraken...Read More
Japanese investment firm Metaplanet has been on an aggressive Bitcoin buying spree. Earlier this week, it announced adding 21.877 BTC to its stash, bringing its total holdings to 225.611 BTC. At the current price, the Tokyo-listed company now holds Bitcoins worth almost $14.8 million. This investment strategy appears to have paid off as Metaplanet experienced...Read More
This article represents the opinion of the author and is not to be construed as financial advice. Ripple’s XRP may be one of the most undervalued currencies in the blue-chip blockchain economy. That’s due to XRP’s legal success against the SEC and its product development. Could XRP price be gearing up for a moonshot bull...Read More
Spot Bitcoin ETFs have racked up around $1.24 billion in inflows over the past week as spot markets recover. Preliminary figures from Farside Investors suggest that Friday, July 19, saw inflows of $384 million, with Fidelity leading the pack at $140 million inflows. This marks eleven consecutive trading days with a positive flow to these...Read More
