The US spot Bitcoin exchange-traded funds (ETFs) saw nearly $295 million in net inflows on July 8th. This represented significant buying activity, which was last seen in June, when Bitcoin was hovering above $70,000. Notably, major funds have appeared to have made a comeback despite Bitcoin struggling with downward pressure. BlackRock’s IBIT Tops ETF Inflows...Read More
The MiCA regulation has created an increased demand for compliant stablecoin, with Circle’s USDC emerging as a primary beneficiary of the trend. In fact, USDC is leading the demand for regulated stablecoins, according to French blockchain analytics firm Kaiko. Increased Demand For USDC After MiCA In its latest report, Kaiko revealed that non-compliant stablecoins account...Read More
Ethereum-based decentralized computing platform Golem has sent more than $100 million worth of ETH to centralized exchanges such as Binance, Coinbase, and Bitfinex over the past few weeks. This has become a cause for concern for crypto markets already battered by large Bitcoin selloffs and the prospect of more to come. Golem is one of...Read More
[PRESS RELEASE – Amsterdam, Netherlands, July 9th, 2024 Sovereign Nature Initiative (SNI) has announced a collaboration with Unique Network and WalletConnect on Polkadot. Officially launching at Polkadot Decoded 2024, DOTphin will leverage NFTs to effect positive environmental change. This initiative was approved by strong community support through Polkadot OpenGov. Powered by dynamic NFTs, DOTphin is...Read More
Although bitcoin (BTC) has fallen to its lowest level since February 26 and has hovered around the $57,000 range over the last few days amid high volatility, Bitfinex analysts have seen on-chain signs that the leading crypto asset may not record any more dumps. According to this week’s edition of the Bitfinex Alpha report, market...Read More
Bitcoin prices could potentially drop to around $47,000 in this market correction, according to technical analyst Willy Woo. That scenario would result in an overall retrace of 36%, which is also not unheard of in bull market cycles. On July 8, Woo posted a market overview to his 1.1 million followers on X, concluding that...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, July 9th, 2024] Bybit, the world’s second-largest web3 platform by trading volume, is taking its partnership with Beach, Please! – Romania’s biggest hip-hop festival – by offering a range of exclusive perks for festival-goers, further connecting music fans with the exciting world of crypto. Building on the previously announced...Read More
[PRESS RELEASE – San Francisco, CA, July 8th, 2024] Halliday, the commerce automation network for modular chains, announces the public launch of its network. Backed by major investors, such as Hashed and Andreessen Horowitz, with over 26 partners already, the platform aims to bring its technology to a wide swath of companies and commerce applications....Read More
[PRESS RELEASE – Los Angeles, USA, July 8th, 2024] ShibSharks (SHSH) is a new meme-based cryptocurrency project built on the Solana blockchain. It aims to create a strong, engaged community while offering various practical features. The project seeks to integrate the playful nature of meme tokens with the technological advantages of the Solana blockchain. The...Read More
[PRESS RELEASE – Manchester, United Kingdom, July 8th, 2024] Rootstock sees record-breaking usage and an influx of new partners integrated into its network Rootstock, the first and longest-lasting Bitcoin sidechain, established itself as a leading blockchain these three months, with record-breaking transactions and the integration of several new dApps, bridges, and wallets. This momentum has...Read More
The market has experienced significant volatility over the past 48 hours, leading to unstable conditions in both Bitcoin and the altcoin market. This volatility has particularly impacted Solana, leading to notable liquidations. As a result, a strong battle has been observed between buyers and sellers. Concurrently, various on-chain metrics for Solana have taken bearish positions,...Read More
Bitcoin is currently down 23% from its peak price, with most of those losses coming over the past week. The summer crash had been predicted on the premise that the four-year cycle was too early to peak. On July 7, market analyst Benjamin Cowen eyed the Bitcoin bull market support band (BMSB) as a key...Read More
The recent price weakness triggered by Mt. Gox and the German Government’s selling pressure was likely perceived as a buying opportunity, as evidenced by the inflow of $441 million in digital asset investment products over the past week. During the same period, Exchange Traded Products (ETPs) recorded low volumes of $7.9 billion for the week,...Read More
The Republican National Committee has released its 2024 GOP Platform ahead of this year’s federal election, adopting several stances aligning with Donald Trump’s “America First” policies instead of traditional GOP social issues. That includes a specific policy dedicated to protecting Bitcoin and crypto – an industry that Trump has tightly aligned himself with this year....Read More
The start of Mt. Gox repayments has sparked a frenzy in the crypto market, leading to the rising demand for Bitcoin and other major cryptos, which has led to significant sales and pushed many investors to alternative firms. Investors seeking protection from stocks that could soon go belly up or those who want to exploit...Read More
The government of Germany began readying for its biggest Bitcoin dump yet on Monday, sending $900 million worth of the digital currency to trading venues. On-chain data from Arkham Intelligence shows that over 16,000 BTC left the exchange’s wallet on July 8, leaving 23,787.7 BTC ($1.35 billion) remaining in its coffers. Germany’s Biggest Bitcoin Sale...Read More
Infamous scam-as-a-service kingpin ‘Pink Drainer’ appears to have found itself on the receiving end of the very type of scheme it once peddled. According to an update shared by MisTrack, a crypto compliance platform, the notorious wallet-draining group lost about $30,000 worth of Ethereum due to an “address poisoning” scam on July 7. With this...Read More
[PRESS RELEASE – Hamilton, Bermuda, July 8th, 2024] HashKey Global, flagship licensed crypto exchange under HashKey Group is excited to announce the listing of XRADERS (XR). Deposits open on July 8, 2024, at 10:00 (UTC), with XR/USDT spot trading starting on July 11, 2024, at 8:00 (UTC), and withdrawals available from July 12, 2024, at 8:00...Read More
Andrew Kang, founder of Mechanism Capital, predicted that over 98% of altcoins have already peaked for the current cycle. He noted that only a select few coins might see new highs in late 2024 to early 2025, with meme coins likely to make up most of the coins with the potential to reach new highs....Read More
Crypto markets have spent the weekend relatively flat, having failed to recover anything from last week’s $300 billion crash. Moreover, investors will closely watch this week’s Consumer Price Index report, as it is a key indicator of inflation that could signal the direction of economic recovery. Economic Calendar June 8-12 Fed chair Jerome Powell will testify...Read More
[PRESS RELEASE – New York, United States, July 8th, 2024] Shardeum collaborates with leading web3 bug bounty platform to test the network head of mainnet launch, offering a total of $700,000 USD in bounties. Shardeum, the autoscaling layer-1 blockchain, announces a partnership with Immunefi, the leading bug bounty and security services platform for Web3, to...Read More
Following an intense bearish week, the BTC price struggles to sustain dominance at critical support levels. Dropping under the $56K level this Monday, the selloff rally is gaining momentum. With institutions adding to the retail FUD rally, the broader market sentiment is fearful. However, some hope of a bullish reversal chances are starting to light...Read More
Bitcoin’s (BTC) recent liquidations have led to a significant price decline, the lowest point it has reached since February this year. Experts forecast that this bearish trend will last longer than previous price corrections. However, as Bitcoin’s (BTC) liquidations continue to rise, the adoption of RCO Finance (RCOF) is also increasing, with more crypto traders...Read More
Bitcoin’s price has stagnated since its March peak due to tight U.S. monetary policy, which has reduced stablecoin supply, according to CryptoQuant analysts. “The reason for Bitcoin’s inability to rally further is fundamentally due to the tightening monetary policy in the U.S. since March 2022,” they reported on July 3. As a result, the overall...Read More
Story Highlights BCH crypto price may reach a potential high of around $435 by the end of 2024. Bitcoin Cash price, with a potential surge, may reach up to $2,090 by the end of 2030. This is testing shortcode . Amidst the market-wide recovery, Bitcoin Cash comes as a quick-to-react altcoin to any significant price...Read More
In Tseung Kwan O, Hong Kong, a 3-year-old boy was abducted from a shopping mall on July 3. Following the incident, the kidnappers demanded a ransom of 660,000 USDT, which is about HK$5.15 million. Hong Kong Kidnappers Demand USDT The boy’s parents were instructed to download the Telegram messaging app and purchase the USDT ransom...Read More
The cryptocurrency market has displayed a bullish bounce after trading under a bearish sentiment for the past few days. Notably, the market valuation has recorded a jump of over 3% with the price of Bitcoin successfully reclaiming the $57,000 mark. Following this, the Gaming tokens displayed a similar price trend by adding significant value to...Read More
In the second quarter of 2024, Web3 user engagement hit an all-time high, with approximately 10 million daily unique active wallets (dUAW), marking a 40% increase from Q1. According to a July 4 report by blockchain analytics platform DappRadar, the unprecedented growth spanned various sectors of the decentralized application (DApp) industry, leading to an overall...Read More
Private key leaks were identified as the leading cause of crypto thefts in the second quarter of 2024 by cybersecurity firm SlowMist’s investigative branch, MisTrack. The report highlighted many instances wherein users stored their private keys or mnemonic phrases in cloud storage services like Google Docs, Tencent Docs, Baidu Cloud, and Shimo Docs. Private Key...Read More
After a decade of waiting, July might finally bring restitution to the users of the now-defunct Mt. Gox exchange. However, it appears that market players are on edge regarding the distributions and fear further sell-offs. It is important to understand that Bitcoin has already been on a decline since the beginning of June and has...Read More
