Bitcoin surged to over $59K after US June inflation data showed CPI down to 3%. Speculation grows on potential Fed rate cuts, boosting $BTC and altcoins. Economists eye September for the first cut. #Update #Crypto
Stacks ($STX) surges 32% this week as Bitcoin rises, boosting its market cap to $2.4B. DeFi TVL jumps from $60.2M to $80M. Analysts warn potential hurdles like miner capitulation may impact recovery. #Crypto #Update
Polymarket (@PolymarketHQ) and Pump.fun are soaring in the crypto world! Polymarket sees 22K+ daily transactions, while Pump.fun, based on Solana, averages 10K. $500M on US elections and $58M in meme coin fees highlight this shift. #Update #Crypto
Stacks ($STX) nears $2 as institutional Bitcoin investments surge, jumping 12% to $1.66. Meanwhile, 99Bitcoins token presale raises $2.3M for crypto education, transitioning from ERC-20 to BRC20. #Update
Mastercard partners with @AlchemyPay to combat identity fraud in crypto payments using advanced machine learning. Alchemy Pay, valued at $400M, supports over 300 payment channels. This move highlights the importance of secure crypto transactions. #CryptoSecurity
? The UK’s Solicitors Regulation Authority warns of a scam where fraudsters impersonate lawyers, demanding Bitcoin payments via fake emails. Verify legal communications through official channels to avoid falling victim. #CryptoScam #Update
Decentralized social media, like Farcaster, offers better privacy and user control than centralized platforms, but faces challenges with UI and content moderation. HAM CEO Sean Papanikolas discusses innovations like smart wallets and social tipping. #Update #Decentralization
Binance is set to sell a majority of its Gopax stake to cloud provider Megazone, reducing its share from 72.26% to 10% by July’s end. This move aims to meet regulatory demands and improve corporate governance. #CryptoNews
Bitcoin whales are increasing their holdings by 6.3% monthly, despite BTC trading at $58,200. The BTC accumulation trend score surged to 0.44, a three-month high. This strategic move indicates confidence in a market rebound. #Update #Bitcoin $BTC
Manta Network partners with @Bonk_inu to launch a meme-themed campaign on Manta Pacific, starting July 10, 2024. Participants can earn up to 690,000 $MANTA tokens by staking 1M $BONK and holding ETH or MANTA. #Update #CryptoNews
Compound Finance’s website, backed by @coinbase and @a16z, was hijacked, redirecting users to a phishing domain. Blockchain sleuth ZachXBT highlighted the issue, stressing the need for robust security in #DeFi. #Update
Russia’s Ministry of Finance plans to allow stock exchanges to trade cryptocurrencies for “highly qualified” investors. This move aims to regulate crypto for cross-border payments, with the Bank of Russia considering stablecoin use for international trades. #CryptoNews
Solana-based memecoin WATER surged over 200% after Ronaldinho’s Instagram promo, following Lionel Messi’s endorsement. The project supports flood victims in Ukraine and clean water initiatives in Uganda/Ethiopia, with transparency via a public wallet. #Update #CryptoNews
Circle minted $250M of $USDC on Solana, boosting the supply by over 10%. USDC now dominates Solana’s stablecoin market with $2.35B out of $3.34B total, highlighting its key role in Solana’s liquidity. #CryptoNews
