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Bitstamp begins distributing $BTC, $BCH, and $ETH to Mt. Gox creditors, ending a decade-long wait for 20,000 investors. This follows Bitcoin’s rise from $600 in 2014 to about $51,000 today. Over $9 billion in cryptocurrencies are being returned. #CryptoNews
Uniswap (@Uniswap) announces a major upgrade to UniswapX, introducing a redesigned auction contract to enhance trade execution and quoting speeds. $UNI traded at $7.67, down 2.46% over 24h. Update first on web, mobile soon. #DeFi sees increased institutional interest and Bitcoin ETF approvals.
JDCom is launching JD Stablecoin, a new stablecoin pegged 1:1 to the Hong Kong dollar, via subsidiary JD Coinlink. Backed by liquid assets and regulated under HKMA’s sandbox, this move could impact digital payments and cross-border transactions. #Update #Fintech #JDCom
Bitcoin could hit $100K soon, says Ding Chen, CEO of CSOP Asset Management, driven by Trump’s expected major announcement at the Bitcoin Conference. CSOP launches Asia’s first inverse Bitcoin ETF in Hong Kong, letting investors profit from BTC declines. Despite outflows, institutional interest stays strong. #Bitcoin
Kraken faces scrutiny as some Mt Gox creditors claim they haven’t received their $BTC repayments. Users report poor communication from Kraken and the Mt Gox trustee. Significant transfers suggest repayments might be imminent, with Arkham Intelligence noting a $2.8B BTC transfer. #CryptoNews
Whale Alert: 77M $XRP transferred ahead of SEC meeting, sparking market buzz. Key moves: 23.28M accumulated from Binance, 54.29M shifted to Bitstamp and Bitso. XRP price rose 2.57% to $0.62 with futures interest at $796.75M and derivatives volume at $2.21B. #Update
Bitcoin ($BTC) dropped nearly 1% in 24 hours, now at $66,418. Recent Mt Gox repayments of 37,477 BTC ($3B) spooked the market. Total repayment of 140,000 BTC will impact sentiment. Hong Kong’s new BTC futures product adds pressure. Despite this, network fundamentals remain robust. #Update
South Korea’s FSS summons 5 major crypto exchanges, including Upbit & Bithumb, over fee hikes post new crypto laws. This July 24, 2024 meeting aims to ensure fair competition and user protection. #CryptoRegulation #Update
Bitwise CIO Matt Hougan lauds the launch of Spot Ethereum ETFs, with over $200M inflows on day one. These ETFs traded $1.1B, making them the second most successful ETF launches ever. Analysts predict potential ETFs for Solana and XRP by 2025. #CryptoNews #Update
Spot $ETH ETFs launched on July 23, hitting $1.1B in first-day trading. BlackRock’s $ETHA accounted for 25% of $IBIT’s volume. Despite high activity, $ETH dipped 1%. Analysts foresee a rally if $ETH breaks $3,730. This could challenge $BTC’s dominance. #CryptoNews
Veteran trader Peter Brandt predicts a sharp decline in the US dollar’s value, advocating Bitcoin ($BTC) as a safer alternative. Prominent figures like @elonmusk and Robert Kiyosaki echo this sentiment, highlighting the growing shift to cryptocurrencies amid fiscal concerns. #Update
Peter Schiff warns of a new threat to $BTC as Spot $ETH ETFs begin trading in the U.S., potentially shifting market dynamics. Rapid uptake noted with $461M trading volume in the first 90 minutes. BTC at $66K (down 2%), ETH at $3,412 (down 1.4%). #crypto
Worldcoin partners with JPMorgan-backed Elliptic to enhance compliance and fight money laundering. The integration benefits over 10M users in 160 countries. Despite the news, $WLD dips 5.28% to $2.28. #CryptoNews
XRP lawyer John Deaton criticizes Senator Elizabeth Warren’s efforts to overturn the Supreme Court’s Chevron ruling, accusing her of an anti-crypto stance and colluding with SEC Chair Gary Gensler. Warren’s bill to restore federal regulatory powers faces slim chances in Congress. #CryptoRegulation
