🗞CryptoNews of the Day 🗞
Q2 Bitcoin Mining Revenue Surges to $184M Due to BRC-20 Hype: Bitcoin miners have earned $184 million from transaction fees in Q2 2021, according to Coin Metrics.
👉Details: https://coinmarketcap.com/alexandria/article/q2-bitcoin-mining-revenue-surges-to-dollar184m-due-to-brc-20-hype
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Chinese City Jinan Adopts CBDC Payments in Entire Bus Network: The city of Jinan in China's Shandong Province has introduced digital yuan payments on all its bus routes.
👉Details: https://coinmarketcap.com/alexandria/article/chinese-city-jinan-adopts-cbdc-payments-in-entire-bus-network
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Knockoffs of Popular Memecoins like PEPE 2.0 Surged Over 1000%, Attracting Memecoin Traders: Memecoin traders and speculators are betting on microcaps that claim to be the next version of popular memecoins.
👉Details: https://coinmarketcap.com/alexandria/article/knockoffs-of-popular-memecoins-like-pepe-2.0-surged-over-1000percent-attracting-memecoin-traders
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What Is opBNB? BNB Chain's Optimistic Layer 2 Chain: CoinMarketCap Alexandria takes a deep dive into opBNB, a new layer-2 scaling solution for BNB Chain, based on Optimism's OP Stack.
👉Details: https://coinmarketcap.com/alexandria/article/what-is-opbnb
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Last Week on Crypto Twitter: Rate Limit Exceeded: In case you've exceeded your Twitter rate limit — check out our roundup of the latest happenings on CT, including reflink drama and NFT reveal gone wrong.
👉Details: https://coinmarketcap.com/alexandria/article/last-week-on-crypto-twitter-rate-limit-exceeded
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Azuki Floor Price Crash as Collectors Decry Elementals Artwork: Azuki Elementals, a new NFT collection by Chiru Labs, has faced backlash from holders and other NFT collectors and creators over the artwork.
👉Details: https://coinmarketcap.com/alexandria/article/azuki-floor-price-crash-as-collectors-decry-elementals-artwork
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$4.5 Trillion Asset Management Giant Fidelity Expected To File for Spot Bitcoin ETF: Fidelity is reportedly set to file with the US securities regulator for a spot Bitcoin ETF, joining other major asset managers that have recently filed applications.
👉Details: https://coinmarketcap.com/alexandria/article/dollar4.5-trillion-asset-management-giant-fidelity-expected-to-file-for-spot-bitcoin-etf
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FTX Execs Knew of Shortfall Since August 2022, Owed Customers $8.7B: FTX, the failed cryptocurrency exchange, owes its customers $8.7 billion after misusing and commingling their deposits since the start of operating the exchange.
👉Details: https://coinmarketcap.com/alexandria/article/ftx-execs-knew-of-shortfall-since-august-2022-owed-customers-dollar8.7b
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Week in DeFi: BNB Chain L2, Polygon PoS ZkEVM and Velodrome V2: BNB Chain announced its own Layer 2 chain — opBNB, while Polygon proposed to convert the PoS chain to zkEVM. Read on to find out the latest DeFi news and alpha!
👉Details: https://coinmarketcap.com/alexandria/article/week-in-defi-bnb-smart-chain-l2-polygon-pos-zkevm-and-velodrome-v2
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SEC Approves First Ever Leveraged Bitcoin Futures ETF: The US Securities and Exchange Commission (SEC) has approved the first leveraged Bitcoin futures exchange-traded fund (ETF), Volatility Shares 2X Bitcoin Strategy ETF (BITX).
👉Details: https://coinmarketcap.com/alexandria/article/sec-approves-first-ever-leveraged-bitcoin-futures-etf
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Coinbase Wins Supreme Court Ruling in Arbitration Lawsuit: On Friday, 23 June, the U.S. Supreme Court endorsed cryptocurrency exchange Coinbase's request to postpone customer lawsuits while it pursues appeals to have the issues arbitrated privately.
👉Details: https://coinmarketcap.com/alexandria/article/coinbase-wins-supreme-court-ruling-in-arbitration-lawsuit
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FTX Bankruptcy Fees Surpassed $200 Million: According to a court-appointed examiner, the closure of the cryptocurrency exchange FTX will be "very expensive by any measure."
👉Details: https://coinmarketcap.com/alexandria/article/ftx-bankruptcy-fees-surpassed-dollar200-million
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Fed Powell Sees “Stablecoins as Money”: Federal Reserve Chair Jerome Powell has said that payment stablecoins in the US are a form of money and that the central bank should play a robust role in their regulation.
👉Details: https://coinmarketcap.com/alexandria/article/fed-powell-sees-%22stablecoins-as-money%22
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What Is the Kelly Bet Size Criterion and How To Use It in Crypto Trading?: We take a look into the Kelly criterion, created by John L. Kelly, which is a mathematical formula used by both gamblers and investors to determine the best position size.
👉Details: https://coinmarketcap.com/alexandria/article/what-is-the-kelly-bet-size-criterion-and-how-to-use-it-in-crypto-trading
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BNB Chain Launches Layer-2 Chain Based on OP Stack: BNB Chain has launched the opBNB testnet, an Ethereum Virtual Machine (EVM)-compatible blockchain based on Optimism's OP Stack.
👉Details: https://coinmarketcap.com/alexandria/article/bnb-chain-launches-layer-2-chain-based-on-op-stack
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BlackRock’s Larry Fink: Bitcoin Could “Revolutionize Finance”: BlackRock CEO Larry Fink, previously known to be a crypto skeptic, said in an interview with Fox Business that he believes Bitcoin could “revolutionize finance.”
👉Details: https://coinmarketcap.com/alexandria/article/blackrock's-larry-fink:-bitcoin-could-%22revolutionize-finance%22
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Blue Chip NFT Bored Ape Yacht Club (BAYC) Floor Price Declines to Two Year Low: The floor price of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection dropped below 30 ETH (around $58,128 currently) on Sunday, the lowest since October 2021.
👉Details: https://coinmarketcap.com/alexandria/article/blue-chip-nft-bored-ape-yacht-club-(bayc)-floor-price-declines-to-two-year-low
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Gemini co-founder Cameron Winklevoss Demands $1.5B From Digital Currency Group: Cameron Winklevoss, co-founder of the Gemini crypto exchange, has proposed a "final offer" in debt-restructuring talks over the bankrupt crypto lender Genesis.
👉Details: https://coinmarketcap.com/alexandria/article/gemini-co-founder-cameron-winklevoss-demands-dollar1.5b-from-digital-currency-group
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Week in DeFi: Central Banks in DeFi, Compound Finance CEO Steps Down and ZK-Stack Unveiled: Check out the latest DeFi news and alpha — from central banks using Curve for CBDC test, Matter Labs releasing ZK Stack and dYdX announcing the testnet of their Cosmos-based chain.
👉Details: https://coinmarketcap.com/alexandria/article/week-in-defi-central-banks-in-defi-compound-finance-ceo-steps-down-and-zk-stack-unveiled
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DOGE, SHIB Included in Hong Kong’s HKVAC Index: The Hong Kong Virtual Assets Consortium (HKVAC) has released an index that tracks the 30 biggest crypto assets by market cap, including Dogecoin and Shiba Inu, amongst others.
👉Details: https://coinmarketcap.com/alexandria/article/doge-shib-included-in-hong-kong's-hkvac-index
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ZkSync Unveils ZK Stack, To Create Ecosystem of “Hyperchains”: Ethereum layer-2, zkSync Era, has introduced ZK Stack, a modular framework for a series of custom blockchains called Hyperchains.
👉Details: https://coinmarketcap.com/alexandria/article/zksync-unveils-zk-stack-to-create-ecosystem-of-%22hyperchains%22
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LI.FI: The Stablecoin Bridge Almanac 2023: In this research column, LI.FI examines different stablecoin bridge designs based on how they work, their benefits, roadmap, adoption rate and potential risk factors.
👉Details: https://coinmarketcap.com/alexandria/article/li.fi-the-stablecoin-bridge-almanac-2023
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HSBC Hong Kong Allows Customers To Trade Bitcoin and Ethereum ETFs on its Investment Platform: HSBC Hong Kong, the largest lender in Hong Kong, has become the first bank to allow its customers access to Bitcoin and Ethereum exchange traded funds (ETFs) on its investment platform.
👉Details: https://coinmarketcap.com/alexandria/article/hsbc-hong-kong-allows-customers-to-trade-bitcoin-and-ethereum-etfs-on-its-investment-platform
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Last Week on Crypto Twitter: Stairs Down Elevator Up: Another eventful week for bulls as Bitcoin surged to $31K — check out the weekly roundup of the latest happenings on Crypto Twitter.
👉Details: https://coinmarketcap.com/alexandria/article/last-week-on-crypto-twitter-stairs-down-elevator-up
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Layer-2 Optimism Rebrands to OP Mainnet: Optimism, the Layer-2 network that uses Optimistic Rollups to scale Ethereum applications, has changed its name to “OP Mainnet.”
👉Details: https://coinmarketcap.com/alexandria/article/layer-2-optimism-rebrands-to-op-mainnet
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Bitcoin Surges Past $31,000, Hits One-Year High: Bitcoin's price rose in Friday’s morning U.S. session, reaching a one-year high above $31,000.
👉Details: https://coinmarketcap.com/alexandria/article/bitcoin-surges-past-dollar31000-hits-one-year-high
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MakerDAO Acquires $700 Million Worth of US Treasury: MakerDAO, the DeFi protocol behind decentralized stablecoin DAI, has completed the acquisition of an additional $700 million worth of US treasuries.
👉Details: https://coinmarketcap.com/alexandria/article/makerdao-acquires-dollar700-million-worth-of-us-treasury
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Bitcoin Breaks $30,000 Amid Institutional Interest: Bitcoin (BTC) has broken the $30,000 level for the first time since April, surging over 10% in the past 24 hours.
👉Details: https://coinmarketcap.com/alexandria/article/bitcoin-breaks-dollar30000-amid-institutional-interest
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UK Set To Pass Cryptocurrency and Stablecoin Law: The Financial Services and Markets Bill (FSMB) has entered its final stages in the UK parliamentary process, and it is expected to become law soon.
👉Details: https://coinmarketcap.com/alexandria/article/uk-set-to-pass-cryptocurrency-and-stablecoin-law
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Memecoin BOB Tanks After Elon Musk Calls Twitter Bot Account a Scam: Memecoin BOB (BOB), which came into popularity following PEPE’s explosive surge, experienced a price decline of up to 45% following the suspension of its popular automated Twitter bot.
👉Details: https://coinmarketcap.com/alexandria/article/memecoin-bob-tanks-after-elon-musk-calls-twitter-bot-account-a-scam
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