Bitcoin prices plunged below support at $60,000, falling to a nine-week low of around $57,000 during trading on July 4. This could accelerate a potential drop to or even below $50,000, according to Markus Thielen, founder and CEO of 10x Research. In a note to investors on July 4, Thielen said that the psychological $60,000...Read More
[PRESS RELEASE – Hong Kong, China, July 4th, 2024] Memeland, one of the largest and fastest growing Web3-focused venture studios, is proud to announce its significant presence as one of the Diamond Sponsors of the Memeland & Bybit Reception Party and the Platinum Sponsor of the official IVS Crypto 2024 Kyoto, held from July 4-6,...Read More
[PRESS RELEASE – Singapore, singapore, July 4th, 2024] Piggycel, a IoT-based blockchain RWA project, has secured investment from the global mainnet Internet Computer (ICP) and joined the ICP Olympus accelerator program. Piggycell is a blockchain RWA platform that users can expereince IoT based Charge To Earn (C2E) while charing their bateries. It is a decentralized...Read More
With Bitcoin trading sideways over the past few months, traders are waiting for their signal to re-enter the market before crypto reclaims its bullish momentum from earlier this year. In a Wednesday memo, an analyst from CryptoQuant highlighted one signal worth looking at: stablecoin liquidity. Stablecoins: The Key To Driving Bitcoin Higher “The bottom line...Read More
We have seen Ripple’s $XRP take investors on a wild ride with huge highs and tough lows. No coin in the top 10 has dropped more from its all-time high (ATH) than $XRP. It’s down 86% from its peak of $3.40 in 2018, and its last big surge was in early 2021. However, Ripple has...Read More
[PRESS RELEASE – Toronto, Canada, July 3rd, 2024] Digital Shovel Holdings Inc. sued RK Mission Critical LLC, RK Mechanical LLC, and RK Industries LLC for patent infringement in May in the US District Court for the District of Colorado. “Instead of competing fairly,” the complaint says, “Defendants are exploiting the innovative technologies that Digital Shovel...Read More
Investors are eagerly awaiting the launch of spot Ethereum ETFs this month. But reports of delays appear to have vexed investors. But once spot Ethereum ETFs hit the floor, these new products are estimated to attract net inflows of $3-$5 billion within the first six months of trading, according to a recent report published by...Read More
Crypto mining firm Genesis Digital Assets – backed by Sam Bankman-Fried’s fallen hedge fund, is reportedly mulling over an initial public offering (IPO) in the US as the crypto sector gains steam. According to Bloomberg sources, Genesis Digital Assets is currently consulting advisers on a possible listing. The mining company intends to initiate a pre-IPO...Read More
[PRESS RELEASE – Bengaluru, India, July 3rd, 2024] E Money Network, a modular RWA blockchain, has launched the biggest RWA grant program in the crypto space, totaling $2 million, to enable RWA projects to build on their blockchain and accelerate the development of the RWA economy. E Money Network’s Architecture Unlocks a World of Possibilities...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, July 3rd, 2024] Bybit, the world’s second-largest web3 platform by trading volume, today announced the integration of three chains – SUI, ZKLink, and Scroll – into its web3 ecosystem. This integration empowers Bybit users to seamlessly switch between these chains within their Bybit Wallet extension, unlocking a wider...Read More
Asset managers are optimistic about Security and Exchange Commission approval for the first U.S. ETFs directly investing in Ethereum, possibly by mid-July. The SEC has given ETF applicants until July 8 to submit updated paperwork and amended S-1s, with potential additional rounds of filings. There may be an additional round of filings after the one...Read More
[PRESS RELEASE – Tokyo, Japan, July 2nd, 2024] The community has spoken, Astar Foundation, the lead organization overseeing development of Astar Network, has announced a token burn. 5% of the ASTR genesis allocation will be burned, permanently removing these tokens from circulation. The token burn, comprising 350M ASTR tokens, has been confirmed following a governance...Read More
[PRESS RELEASE – Vancouver, Canada, July 3rd, 2024] Chibi Clash, a fantasy web3 gaming universe, has unveiled its Kingdoms Alliance Event, running from July 2nd to July 22nd, allowing players to compete for rewards. This event marks a collaborative effort among 21 partner projects within the Chibi Clash ecosystem, including AI Arena, Apeiron, Pixelmon, Pirate...Read More
Crypto-friendly financial institution Evolve Bank and Trust was embroiled in a massive data breach. The bank admitted it had been aware of the incident, which involved the theft of 33 terabytes of user data. While Evolve Bank maintained that customer funds appear to remain untouched, they admitted that the hackers likely managed to download sensitive...Read More
Historical economic trends suggest Bitcoin is fated for another massive leg up this market cycle, according to BitMEX co-founder Arthur Hayes. While Bitcoin has traded mostly flat over the past several months, Hayes says he’s confident that the leading crypto asset will “regain its mojo” thanks to the overwhelming U.S. government spending and money printing...Read More
Solana’s meme coin, Billy who is just one month old now, has just skyrocketed past the $100 million mark, now sitting pretty at a whopping $115 million. This coin claims to be the cutest dog in the meme world and was launched on Pump.fun in early June, Billy has quickly become the second-largest token on...Read More
The crypto market has broadly retraced its momentary gains since the start of the week on Tuesday, though XRP has managed to retain some bullish momentum. Part of the reason is due to a major court ruling regarding the Securities and Exchange Commission (SEC)’s lawsuit against Binance, which Ripple has now leveraged in its ongoing...Read More
[PRESS RELEASE – Georgetown, Cayman Islands, July 2nd, 2024] DG Labs Ltd (DeFi.Gold) proudly announces the release of the public alpha version of its highly anticipated NFT marketplace, now featuring support for Ordinals. This significant milestone marks the beginning of a new era in digital asset trading and ownership. The public alpha release provides users...Read More
Binance.US said that it is prepared to defend itself against the US Securities and Exchange Commission after a court ruled that the regulatory agency’s case against the crypto exchange could continue. In its official statement on X, the US arm of crypto giant Binance affirmed that the “fight continues.” Binance.US Slams SEC’s Enforcement Tactics The...Read More
The U.S. Marshals Service (USMS) has chosen Coinbase Prime to securely store and trading of its “Class 1” digital assets. Coinbase Prime, a leading institutional platform offered by Coinbase, was selected following a rigorous evaluation process conducted by the USMS. “Class 1” Digital Assets The USMS assessed multiple solutions before opting for Coinbase based on...Read More
Over the last few weeks, bitcoin (BTC) has failed to benefit from a favorable macroeconomic climate that has triggered significant rallies in equities. Analysts attribute this to supply overhang stemming from prolonged selling by BTC investors and miners. However, the tide may soon change as selling pressure from Bitcoin miners is decreasing. According to the...Read More
The Artificial Superintelligence Alliance (ASI) is a collaboration between Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN). This project primarily aims to accelerate the research and development of Decentralized Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI). With this, the Artificial Intelligence (AI) category is predicted to gain significant attention and value during the upcoming...Read More
Notable participants include Ethereal, Robot Ventures, Symbolic Capital, Delphi, Dao5, Nomad, and Primitive Ventures. Pantera Capital, Framework Ventures, and Peter Thiel’s Founders Fund co-led the round. One of the main contributors to Sentient is Sandeep Nailwal – the founder of Polygon, who said: “The rapid advancement of AI has the potential to transform every aspect...Read More
[PRESS RELEASE – Monaco City, Monaco, July 2nd, 2024] Memereum, offering the first blockchain insurance, through its decentralised exchange MemeSwap, has seen a surge of demand in its presale, with recently selling over 1M tokens just within a few hours and nearing 26 million tokens sold on its presale. Bitcoin Price Experiences Uncertainty Despite the...Read More
[PRESS RELEASE – PARIS, France, July 2nd, 2024] Athena Ins is transforming the decentralized insurance landscape with its advanced protocol, providing users with the means to insure against decentralized finance (DeFi) risks. This innovative platform allows individuals to subscribe to insurance coverage protecting their DeFi investments from various threats, including hacking, smart contract vulnerabilities, and...Read More
Bitcoin and Ethereum have emerged as the most profitable assets in the first half of 2024. The cryptocurrencies have outperformed various traditional investments, including the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. Bitcoin and Ethereum Lead Asset Classes in 2024 According to a July 1 X post by Matrixport, “2024 is...Read More
Charles Hoskinson, the co-founder of the blockchain platform Cardano, believes artificial intelligence (AI) models are losing their utility over time. In a Sunday tweet, Hoskinson said the reason is the alignment training that comes with AI censorship. AI Models Are Losing Utility AI censorship refers to the use of machine learning algorithms to automatically filter...Read More
Digital asset investment products experienced their third consecutive week of outflows amounting to $30 million, although last week showed a significant decrease. While outflows for Ethereum continued, investor sentiment surrounding Bitcoin appears to be slowly changing. According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly report, most providers recorded minor inflows, but...Read More
According to data from Coingecko, the Ethereum Name Service (ENS) native token has experienced significant price surges in recent days, gaining over 20% in value within the last 24 hours. These gains are driven by increasing excitement surrounding the upcoming ENSv2 upgrade, which aims to enhance the efficiency and scalability of the naming service. ENS...Read More
