The crypto market’s reaction to the launch of spot Ethereum ETFs was muted, reflecting cautious sentiment. Analysts from @QCPCapital link this response to the “buy the rumor, sell the news” trend seen with Bitcoin ETFs. Market momentum may shift closer to US elections. #Update #Ethereum $ETH
Spot Ethereum ETFs debut with a $361M trading volume in 90 minutes, ranking in the top 1% of all ETFs. Leading funds: $ETHE $147.8M, $ETHA $71.4M. #CryptoNews
Binance Labs has invested in Pluto Studio, the developer of Telegram-based Web3 game Catizen, to boost its game engine and onboard more developers. Catizen, launched in March, has 25M players on Telegram and 1.5M on-chain gamers. #Web3
Bitwise (@BitwiseInvest) launched the first U.S. spot $ETH ETF, revealing Ethereum addresses and ENS names for transparency. Trading volume hit $361M within 90 minutes. This sets a new standard for ETF transparency. #CryptoNews
99Bitcoins’ token (99BTC) raised over $2.5M in its presale. Launching on exchanges post-July 30, it rewards users for learning about crypto. Staking offers up to 685% APY. #Update #CryptoNews
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
AltLayer revises token vesting schedule before its $109M ALT unlock on July 25, 2024. Next unlock is on Jan 25, 2025, with a 2-year vesting for investors and 3 years for the team, boosting $ALT liquidity. #Update
Large Ethereum holders cashed out $747M ahead of spot $ETH ETFs launch in the US, marking the highest profits in 40 days. Long-term holders saw gains soar to $666M. #CryptoNews
Prediction markets like @Polymarket accurately forecasted Joe Biden’s withdrawal from the U.S. presidential race. Leveraging blockchain tech, these platforms provide reliable insights for investors and policymakers, showcasing the power of the ‘wisdom of the crowd.’ #Update
XRP lawyer John Deaton criticizes Senator Elizabeth Warren’s efforts to overturn the Supreme Court’s Chevron ruling, accusing her of an anti-crypto stance and colluding with SEC Chair Gary Gensler. Warren’s bill to restore federal regulatory powers faces slim chances in Congress. #CryptoRegulation
Hamilton Lane launches the first private credit fund on the @solana blockchain. The Senior Credit Opportunities Fund (SCOPE) is now accessible, marking a major step in democratizing finance with the help of @LibreProtocol. #Update #BlockchainNews
Solana ($SOL) jumps 33.78% in 30 days to $180.76, but analysts warn of a potential downturn. Rollblock ($RBLK) draws investors with its DeFi casino model, offering 30% weekly profits and predicting 800% surge. Currently priced at $0.017. #Update
? The U.S. launched spot Ethereum ETFs on July 23, 2024, with $112M in trading volume in just 15 minutes. Grayscale Ethereum Trust (ETHE) led with $39.7M. Experts predict $5-6B inflow in a year. Ethereum (ETH) showed resilience. #CryptoNews #Update
Fairshake, a crypto super PAC, has raised $203M, surpassing major PACs. Backed by @coinbase, Ripple, and others, it’s shaping U.S. politics by opposing unfavorable regulations and supporting innovation. #CryptoPolitics #Update
