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🗞CryptoNews of the Day 🗞

Multichain Shuts Down Operations After CEO Detained:
Multichain (MULTI), a cross-chain bridge protocol, has announced the closure of its operations.

👉Details: https://coinmarketcap.com/alexandria/article/multichain-shuts-down-operations-after-ceo-detained

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Bitcoin Linked to Silk Road Moved On-Chain, Possible Sale by US Government:
On July 12, a crypto wallet controlled by the US Department of Justice (DOJ) sent roughly 9,825.25 Bitcoin related to the Silk Road seizure, totaling over $299 million.

👉Details: https://coinmarketcap.com/alexandria/article/bitcoin-linked-to-silk-road-moved-on-chain-possible-sale-by-us-government

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Brazil’s CBDC Code Can Freeze or Reduce Funds, According to Developer:
A blockchain developer discovered functions that would enable a central authority to freeze payments or lower balances after reverse-engineering the source code of Brazil's pilot CBDC.

👉Details: https://coinmarketcap.com/alexandria/article/brazil's-cbdc-code-can-freeze-or-reduce-funds-according-to-developer

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Arkham CEO Defends Bounty Program, Says Public Blockchain “Worst” Way To Keep Privacy:
Arkham Intelligence, a crypto on-chain analytics platform, has come under fire for launching a bounty program that incentivizes people to reveal the identities behind anonymous.

👉Details: https://coinmarketcap.com/alexandria/article/arkham-ceo-defends-bounty-program-says-public-blockchain-%22worst%22-way-to-keep-privacy

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Arcadia Finance Lost $455K in Hack, Exploiter Contacted:
DeFi protocol Arcadia Finance has suffered a hack, losing $455,000 in the process.

👉Details: https://coinmarketcap.com/alexandria/article/arcadia-finance-lost-dollar455k-in-hack-exploiter-contacted

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Standard Chartered Predicts Bitcoin Will Reach $120K by 2025:
Standard Chartered now expects the price of Bitcoin to reach $120,000 by the end of 2024, citing the key factors as miners' hoarding of their coins and halting supply additions.

👉Details: https://coinmarketcap.com/alexandria/article/standard-chartered-predicts-bitcoin-will-reach-dollar120k-by-2025

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Twitter Phishing Scams Users After Multichain Hack:
Scammers have started spreading a phishing link on Twitter, falsely linking it to the recent Multichain hack.

👉Details: https://coinmarketcap.com/alexandria/article/twitter-phishing-scams-users-after-multichain-hack

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🗞CryptoNews of the Day 🗞

Presidential Hopeful Robert F. Kennedy Confirms He Owns Bitcoin: Report:
Democratic presidential candidate Robert F. Kennedy Jr. confirmed that his family owns between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30.

👉Details: https://coinmarketcap.com/alexandria/article/presidential-hopeful-robert-f.-kennedy-confirms-he-owns-bitcoin:-report

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Gemini Sues Digital Currency Group and Barry Silbert for Fraud:
Gemini Trust Company has filed a lawsuit against Digital Currency Group (DCG) and its CEO, Barry Silbert, accusing them of fraud.

👉Details: https://coinmarketcap.com/alexandria/article/gemini-sues-digital-currency-group-and-barry-silbert-for-fraud

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Singapore Bank DBS Launches Digital Yuan CBDC Platform for Corporate Clients in China:
DBS Bank's China subsidiary, DBS Group China, has launched a payment system to support China's central bank digital currency (CBDC), the e-CNY.

👉Details: https://coinmarketcap.com/alexandria/article/singapore-bank-dbs-launches-digital-yuan-cbdc-platform-for-corporate-clients-in-china

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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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Bitcoin Price Movements Muted Following Lower-than-Expected CPI
: The US inflation rate, indicated by the Consumer Price Index (CPI), decreased to 3.0% YoY in June compared to 4.0% in May, as reported by the Bureau of Labor Statistics.

👉Details: https://coinmarketcap.com/alexandria/article/bitcoin-price-movements-muted-following-lower-than-expected-cpi

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Glassnode: Three in Four Bitcoin in Profit, “Firm Foundation” Below $30K
: Bitcoin's supply distribution suggests strong price support for its current level, according to Glassnode.

👉Details: https://coinmarketcap.com/alexandria/article/glassnode:-three-in-four-bitcoin-in-profit-%22firm-foundation%22-below-dollar300

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Multichain Hack Is a Possible "Rug Pull," A Further $103M Drained:
Multichain, a cross-chain bridge protocol, saw another $103 million transferred to different blockchain addresses, according to security firm Beosin.

👉Details: https://coinmarketcap.com/alexandria/article/multichain-hack-is-a-possible-%22rug-pull%22-a-further-dollar103m-drained

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#CMCResearch: A Comprehensive Guide to Exchange Activities in H1 2023 🔎

In this report, #CMC provides insights into the true condition of the cryptocurrency market by conducting a health check based on #DEX & #CEX activities. 💪

The main factors we take a look at include statistics of:
🔹 Exchanges Market Share
🔹 Trending Exchanges
🔹 DEX Volume and Market Share
& more

👉 Details: https://coinmarketcap.com/alexandria/article/unveiling-the-crypto-market-a-comprehensive-guide-to-exchange-activities-in-h1-2023

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Coinbase Stock Up 60% Since SEC Charges:
Coinbase's shares have increased by almost 50% since the SEC filed the case for allegedly providing unregistered securities.

👉Details: https://coinmarketcap.com/alexandria/article/coinbase-stock-up-60percent-since-sec-charges

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Arkham Launches On-Chain Data Marketplace, ARKM Sale on Binance Launchpad:
On-chain data provider Arkham Intelligence has launched a bounty marketplace called the Arkham Intel Exchange, which will allow users to buy or sell on-chain cryptocurrency data.

👉Details: https://coinmarketcap.com/alexandria/article/arkham-launches-on-chain-data-marketplace-arkm-sale-on-binance-launchpad

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SEC: Coinbase Aware of Securities Law Violation:
The US Securities and Exchange Commission (SEC) has responded to Coinbase's claims that the regulator lacks jurisdiction to prosecute the crypto exchange.

👉Details: https://coinmarketcap.com/alexandria/article/sec:-coinbase-aware-of-securities-law-violation

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Arthur Hayes: Bitcoin Will Be AI’s Native Currency
: Artificial intelligence (AI) will need a digital, automated and always-on payment system to "stay alive," and Bitcoin will be the most sensible currency for AI to utilize.

👉Details: https://coinmarketcap.com/alexandria/article/arthur-hayes:-bitcoin-will-be-ai's-native-currency

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Hey, we’re also Threading! 🔥

Follow CoinMarketCap on Threads!
Bring the Crypto spirit with you! 😉

👉 coinmarketcap" rel="nofollow">https://www.threads.net/@coinmarketcap 👈

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Institutional Interest Spikes as BTC and ETH CME Futures Hit $46.8B in Trading Volume in June:
Institutional investors’ interest in financial instruments giving exposure to Bitcoin and Ethereum have increased, according to a report by crypto data provider CCData.

👉Details: https://coinmarketcap.com/alexandria/article/institutional-interest-spikes-as-btc-and-eth-cme-futures-hit-dollar46.8b-in-trading-volume-in-june

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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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