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Solana ($SOL) pulls in $16M, surpassing Ethereum’s ($ETH) $10M amid a $441M crypto market inflow. Solana’s YTD inflows reach $57M, driven by scalability and lower costs. Significant investments from the U.S., Hong Kong, Switzerland, and Canada highlight global interest. #CryptoNews
? HashKey Group to launch Ethereum Layer 2 mainnet, HashKey Chain, in Q4 2024, using zero-knowledge proof tech for efficient, cost-effective services. Powered by HashKey Cloud, it aims to enhance Web3 scalability and security. Partnerships include Future3 Campus, ThreeDAO, and HashKey Capital. #Web3 #Update
Ronin Network integrates PHPC, a peso-pegged stablecoin, approved by the Central Bank of the Philippines. In collaboration with @coinsph, PHPC aims to make remittances affordable and is now active on Coins.ph and Ronin Wallet. Plans include listing PHPC/RON on Katana. #Crypto #Update
Matrixport predicts SEC approval for an Ether ETF this week. This could boost $ETH prices to $3,400, with long-term targets of $6,600. Major firms like @BlackRock, Fidelity, and Grayscale are expected to file. $ETH currently trades at $3,068, up 2% in 24 hours. #CryptoNews
Astar Network (@AstarNetwork) successfully burned 350M $ASTR tokens (5% of total supply) following a community vote, boosting $ASTR price by 3% to $0.06574. 70M more tokens will be staked to support community grants. This move underscores the power of community governance in blockchain. #CryptoNews
Bitcoin’s MVRV ratio turned negative for the first time since March 2023, signaling caution. Bitcoin fell to $54,500 before recovering to $55,770; market cap just under $1.1T. Potential sell-offs from Mt. Gox creditors and the German government add to investor concerns. #Update #Bitcoin #CryptoMarkets
Ripple’s XRP sees whale movement of 37.39M tokens to Bitstamp before Ripple vs. SEC case conclusion. Fred Rispoli predicts case end by July 13 or 31. XRP faces resistance at $0.4250, struggling below 100-hourly SMA. Regulatory clarity crucial for crypto’s future. #XRP #CryptoNews
Joana Cotar, German Bundestag member, opposes the ECB’s digital Euro, citing privacy risks. Advocates for $BTC, highlighting its investment potential. The German government holds 39,826 Bitcoin, valued at $2.30B, and recently liquidated $76M worth, impacting prices. #Update
#Update The crypto market eyes potential bull runs for $XRP, $BTC, and $MATIC. XRP trades at $0.43471, BTC at $56,679, and MATIC at $0.4844. RSI values suggest they may be undervalued despite bearish EMA and MACD signals. Key resistance levels noted. #CryptoNews
Ripple $XRP lawsuit update: Judge Phyllis Hamilton has set deadlines for motions – July 8 for a narrowed motion to seal and July 26 for stance on excluding four experts’ testimony. XRP price rises 4% amid whale accumulation. Final judgment expected by July-end. #CryptoRegulation #Update
Andrew Tate-themed meme coins are bouncing back amid a recovering crypto market. $RNT gained 14.2%, trading at $0.007277 with $1.7M in daily volume. $TME fell 2.9%, trading at $0.0002281. Meme coins’ market cap rose 12% to $44.5M as Bitcoin and ETF inflows increase. #Update
Shiba Inu’s lead dev, Shytoshi Kusama, to visit Mumbai after a successful IVS Conference in Kyoto! Kusama’s public debut in Japan, masked and in a samurai outfit, thrilled the SHIB Army. Mumbai event to feature interactive sessions on future projects, marking a major milestone for $SHIB. #Update
Lido DAO is voting to appoint Dolphin CL, LLC to respond to a lawsuit alleging violations of security laws. The proposal has 51M votes in favor. $LDO price dipped 4.12% to $1.55 amid legal uncertainty. Outcome could set a precedent for decentralized organizations. #Update
India’s Union Budget on July 23 could bring tax relief for the crypto industry. Firms seek reduced taxes, ability to offset losses, and lower TDS from 1% to 0.01%. These changes aim to align crypto with other assets and reduce administrative burdens. #Crypto #Update
