BlackRock’s Samara Cohen says Bitcoin and Ethereum are the only cryptos meeting ETF criteria. Ethereum ETFs launched July 23, 2024, boosting trading volumes to $14.8B. Solana’s lack of CME futures complicates its ETF approval.
The Federal Open Market Committee will announce its July interest rate decision, with Bitcoin at $66,300 and Ethereum at $3,320. Economists expect rates to remain unchanged, but a September cut may be signaled. Total crypto market cap: $2.38T.
Wisconsin launches a scam tracker to combat crypto and investment fraud, helping users identify deceptive practices. Over $3.5M lost to scams since 2022. DFI urges vigilance and warns against sharing financial info online. #CryptoFraud
Grayscale Investments launched its Bitcoin Mini Trust on NYSE Arca under ticker BTC, charging a 0.15% fee. The trust holds $1.7B in assets and aims to enhance Bitcoin’s accessibility in SEC-regulated markets.
Blockchain technology faces high costs and skill gaps. Integrating on-chain AI can optimize transaction validation, enhance security, and improve scalability across sectors like finance and healthcare, ensuring a flexible and customized future. Collaboration is key.
USDT in India trades at a 5-12% premium due to high demand and regulatory hurdles, complicating intraday trading. Indian traders often use peer-to-peer transactions despite scam risks, while long-term investing remains popular.
Web3 startups Hyperbolic and Mintify raised over $10M in funding. Hyperbolic secured $7M for a blockchain-based AI platform, while Mintify raised $3.4M to enhance NFT trading infrastructure, expanding from Ethereum to Bitcoin Ordinals.
Crypto exchange Bitbank plans IPO on Tokyo Stock Exchange to boost market presence. Founded in 2014, it has ¥8.65 billion capital. Major shareholders include Noriyuki Hirose, MIXI, and Ceres. Secured ¥7.5 billion funding in 2021.
Dutch crypto exchange Bitvavo partners with Nasdaq to use Market Surveillance for detecting market abuse, enhancing investor protection, and aligning with EU’s MiCA regulation. The tool also aids in regulatory reporting and trading insights.
Worldcoin launches iris-scanning ID verification in Austria, rewarding users with WLD tokens. This expansion, despite privacy concerns, follows similar services in Germany. Founded by Sam Altman, Worldcoin secured $115M in May 2023.
Terra blockchain was exploited, losing $6.8M in assets due to a reentrancy vulnerability. The breach caused ASTRO’s price to drop by 60%. Terra halted the network for an emergency patch. #CryptoSecurity #Update
XRP surged 7.5% to $0.643, with 87.32% of supply in profit. Whale transactions over $100K jumped to 811. RSI at 69 suggests overbought conditions. Long-term forecasts predict $1.18 by 2025, $500 by 2050.
ZKX protocol, the first perpetual futures exchange on Starknet, has shut down due to low user engagement. Founded in 2021 and backed by $4.5M, it struggled to sustain itself despite innovative zk-rollup technology.
Rollblock (RBLK) is surging, adding 2,000 players weekly and 150+ games. Its revenue-sharing model boosts staking rewards. Analysts predict RBLK could hit $1 by 2024, fueled by the gambling market’s growth to $750 billion by 2028.
