BlackRock warns of rising crypto scams after launching its Spot Ethereum ETF on July 23. Scammers impersonate the firm on social media and messaging apps, using sophisticated tactics like phishing and fake documentation to deceive investors. #CryptoScams #Update
Bitcoin critic Peter Schiff argues that using BTC to repay the US National Debt is misguided and inflationary. He also challenges the “never sell your Bitcoin” mantra, claiming it traps investors in poverty. Schiff warns against Senator Lummis’ $70 billion Bitcoin proposal, citing financial instability risks.
Decentralized finance (DeFi) TVL surged 72.8% to $94.1B in H1 2023, driven by institutional interest and spot Bitcoin ETF approvals. Bitcoin hit $73K before correcting to $67,235, up 6.5% in a week. Crypto market cap reached $2.27T, a 37% YTD growth.
Bitcoin is up nearly 15% this month, nearing $70,000. Investors anticipate a 25 bps Fed rate cut in September. Solana’s SOL surges to $192. Stay tuned for updates on macro factors and market movements. #CryptoNews
Hong Kong politician Johnny Ng proposes a national Bitcoin reserve, inspired by Trump’s Bitcoin 2024 speech. Ng urges lawmakers to boost web3 industry development, positioning Hong Kong as a hub for technological innovation and financial resilience. #Bitcoin #Update
Blockchain platform Casper Network faced a significant security breach on July 27, 2024, leading to a precautionary halt of operations. Despite this, CSPR trading continues on exchanges, though at a 15% decline. The breach underscores ongoing crypto platform vulnerabilities. Updates are forthcoming.
Bitcoin surged 20% to $69,404, its highest since June, amid positive social media sentiment. BlackRock’s Bitcoin ETF nears $20B in assets, while U.S. Senator Lummis proposes a national Bitcoin reserve, boosting market optimism. This rally follows cooler inflation data and potential Fed interest rate cuts.
This week, crypto funding highlights include Riot Platforms’ $92.5M acquisition of Block Mining, NPC Labs’ $18M raise led by Pantera Capital, and Caldera’s $15M to simplify Ethereum rollups. Total VC funding exceeds $210M with other key raises from aPriori, Mezo, and OpenSocial.
Raboo (RABT) and ZRO are outperforming Dogecoin (DOGE) in the crypto market. Raboo’s AI-driven “Post-to-Earn” platform saw a 233% rise since presale, while ZRO surged 80% in 30 days. Both highlight tech innovation and community engagement for success.
Bitcoin surged above $69,000 this week after fluctuating between $67,500 and $64,000. Major events included Mt. Gox’s $2.85 billion withdrawal and significant purchases by Metaplanet and Real Bedford. Over 358,000 BTC moved to long-term holders, signaling strong market confidence.
Centralized exchanges like Binance and Coinbase have risks, driving traders to decentralized exchanges (DEXs). DEXs enhance security with smart contracts but face liquidity and usability challenges. Platforms like Astrovault and QuickSwap aim to improve the user experience.
Cantor Fitzgerald launches a $2B Bitcoin financing business to leverage BTC for investors, announced by CEO Howard Lutnick at the Bitcoin 2024 conference. The initiative aims to bridge traditional finance and digital assets, collaborating with select custodians. #CryptoNews
Senator Cynthia Lummis proposed a U.S. Bitcoin reserve at Bitcoin 2024, backed by former President Trump. The plan involves acquiring 1M BTC to pay down national debt, aiming to strengthen the dollar and maintain financial leadership. #CryptoNews
JasmyCoin (JASMY) surged 7% to $0.032, with a market cap of $1.5B, making it the 53rd largest crypto. Daily trading volume hit $224M, up 102%. Social activity increased sixfold, but RSI at 61 suggests overbought conditions. #CryptoNews
