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🗣️ Co-founder of BitMEX, Arthur Hayes, believes that for an altcoin season to begin, Bitcoin must surpass $70,000 and Ethereum $4,000.
He also predicts that if these levels are reached, Solana could rally to $250 during the next altcoin season.
What’s your prediction for Solana’s price?
🌚 - $180
❤️ - $250
⚡️ - $350
🐳 - $500
🤝 @Cryptocurrency_Inside ✅
💰 Lummis unveils the BITCOIN Act to establish strategic BTC reserve for the US
Following her announcement of a historic proposal to supercharge the US dollar and pay down the national debt by establishing a strategic Bitcoin reserve, US Senator Cynthia Lummis (R-WY) officially introduced the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act” in the Senate on July 31.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Over 35k BTC added to exchange balances in 2 weeks
Between July 15 and July 28, the total amount of BTC held on exchange addresses increased significantly, with over 35,000 new BTC added to exchange balances. Data from Glassnode showed exchange balances starting at 3,000,466 BTC in July and peaking at 3,046,600 BTC on July 17 before settling at 3,035,711 on July 28. This represents a significant increase, especially given the general trend of decreasing exchange balances in the past year.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🪙 Ethereum Team Lead Péter Szilágyi says he feels 'Ethereum is losing the plot'
Ethereum Team Lead Péter Szilágyi expressed concerns about the direction of the blockchain network Ethereum. Szilágyi's view involved the Ethereum PeerDAS proposal, which would, among other changes, increase the size of Ethereum blobs to 32 MB. Szilágyi argues that the PeerDAS upgrade would hinder home stakers, typically those with simpler computing setups, from participating in the Ethereum network — which goes against the decentralized ethos of the blockchain.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 MARA purchases $100 million worth of bitcoin, holdings surpass 20,000 BTC
Bitcoin miner MARA, recently rebranded from Marathon Digital, announced on Thursday it has purchased an additional $100 million worth of bitcoin. The acquisition brings MARA’s balance sheet holding to more than 20,000 ($1.3 billion) — nearly 0.1% of bitcoin’s total 21 million supply, according to a statement shared with The Block.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 BlackRock continues to eat spot Bitcoin ETF volume share
The iShares Bitcoin Trust (ticker IBIT) has roared to a new all-time high, capturing an impressive 67% of the spot Bitcoin ETF volume market share. This surge surpasses its previous record of 61%, further cementing BlackRock's dominance in the crypto ETF space. Despite this record-breaking market share, IBIT's daily trading volume stood at $1.2 billion, which is only average for the fund. This suggests that while IBIT outperforms its competitors, overall market activity remains steady.
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🪙 SEC issues final approval for spot Ethereum ETFs to begin trading on July 23
The SEC officially issued its final approval for spot Ethereum ETFs on July 22 and the funds’ respective webpages are now live. The ETFs are scheduled to begin trading as US markets open at 09:30 Eastern Time on July 23. The approval confirms rumors from last week and opens up Ethereum to investors seeking regulated exposure. Market experts believe these funds will attract a significant amount of money from investors who have been hesitant to invest in crypto due to regulatory concerns.
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🪙 Ether price may dip after ETF 'novelty' wears off due to surging supply
Ethereum’s price might decline after the initial buzz surrounding spot Ethereum exchange-traded funds (ETF) wears off if its supply continues to increase at the current rate, according to an analyst. “If the supply of ETH keeps increasing by ~60k/month like it has been since April, then by Dec the supply will be back to what it was at the merge,” crypto trader and Into The Cryptoverse founder Benjamin Cowen wrote in a July 19 X post, referring to when the much-anticipated Merge transitioned Ethereum.
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💰 Polygon plans to migrate MATIC to POL token on Sept. 4
Polygon is set to undergo a mainnet upgrade on Sept. 4, 2024, transitioning from its native token, to a new token with the ticker POL and fresh smart contracts, following community approval of the proposal. Post-upgrade, POL will replace MATIC to be the primary token for gas fees and staking within the network during the initial phase. POL is expected to maintain MATIC's existing tokenomics, distribution and total supply.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🇺🇸 Vitalik Buterin warns against supporting politicians solely based on their pro-crypto stance
Ethereum creator Vitalik Buterin cautioned the crypto community against supporting politicians solely based on their pro-crypto statements and expressed particular concern over a lack of support for “internationalism.” Buterin made the statements in a July 17 blog post, where he highlighted the “growing push” for members of the crypto space to become more political amid concerns about crypto regulation in the EU and US.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🪙 Spot Ethereum ETFs likely to launch July 23: Sources
Spot Ethereum ETFs will likely begin trading on Tuesday, July 23, according to multiple sources. After Bloomberg Senior ETF Analyst Eric Balchunas posted on social media site X naming July 23 as the launch date, sources at two issuers confirmed to The Block the information in Balchunas's post. "Hearing SEC finally gotten back to issuers today, asking them to return final S-1s on Wed (incl fees)," Balchunas posted on X Monday.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🇳🇬 Nigerian Judge to Rule on 🟠 Binance Tax Evasion Case in October
Nigerian Justice Emeka Nwite recently set October 11 as the date for ruling in the trial of Binance Holdings Limited, a popular cryptocurrency platform. The platform and its two directors face a four-count tax evasion charge for failing to register with the Federal Inland Revenue Service (FIRS). Binance’s lawyer Ayodele Omotilewa pleaded not guilty to the charges, urging the court to dismiss them.
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📊 Bitcoin and ether slide as equities sell-off despite rising rate-cut expectations
Bitcoin, ether, and other major altcoins fell further on Friday alongside equity indices, despite indicators boosting the odds that the U.S. Federal Reserve could begin a rate cut cycle in September. The bitcoin price traded lower over the past 24 hours, down 3% to change hands for $57,189 at 7:51 a.m. ET, according to The Block's Price Page. Major altcoins such as ether and Solana also fell 2% and 5%, respectively, in the same period.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 US Bitcoin ETFs Continue Inflow Streak, Funds Now Hold 4.47% of BTC’s Market Cap
The U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows on Thursday, marking five consecutive trading days of positive movement. The ETFs accumulated $78.93 million, with Blackrock’s IBIT leading by bringing in $72.09 million. Among the 11 spot bitcoin ETFs trading in the U.S., a total of $78.93 million was recorded in inflows, with IBIT capturing the bulk by securing $72.09 million. At the time of writing, data from the IBIT web portal indicates that Blackrock’s BTC fund now holds 314,204.3 BTC.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🐶 After famous Notcoin, Telegram organized new airdrop among users: #DOGS!
Your airdrop depends on
⚫ Account age
⚫ Telegram premium sub
⚫ OG status
Check and claim your #DOGS here
You can sell your tokens on Bitget premarket, price is around $0.01!
And it will be listed on OKX on the 20.th this month.
💰 Trump’s $499 Bitcoin-themed sneakers sell out swiftly, resell prices spike to $2500
Former US president Donald Trump’s Bitcoin-themed sneakers have already sold out, according to the Trump Sneakers website. Launched on July 31, the 1,000 pairs of the bright orange version of the Bitcoin-themed sneakers were priced at $499 per pair for pre-order and, within a few hours of their release, were all sold out. The site also offers several other sneaker models, including black high-tops, priced at $299, and orange low-tops, also at $299.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🪙 Ethereum turns 9 with a $400B market cap and 2.45B transactions
The network, launched on July 30, 2015, was co-founded by several prominent crypto stakeholders, including Vitalik Buterin, Polkadot’s founder Gavin Wood, Consensys CEO Joseph Lubin, and Cardano’s founder Charles Hoskinson. Since then, it has become the second-largest blockchain with a huge ecosystem that has birthed many copy-cats. According to Etherscan, the network has processed 2.45 billion transactions in 20.4 million blocks during its nine-year history.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Riot Platforms Acquires Block Mining for $92.5M, Expands Hash Rate and Market Reach
The leading American Bitcoin mining company – Riot Platforms – has acquired the Kentucky-based firm Block Mining in a transaction valued at $92.5 million. The deal, announced on July 24, includes $18.5 million in cash from Riot’s reserves and $74 million in Riot common stock. Additionally, Block Mining could receive up to $32.5 million more, based on performance metrics through 2025.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🇺🇸 Senator Elizabeth Warren claims foreign ‘cryptomines’ being used to spy on the US
US lawmaker Senator Elizabeth Warren has continued her anti-crypto evangelism despite her thinning support base. On July 25, she opined that foreign-owned crypto-mining operations pose a national security threat during a hearing of the Senate Committee on Banking, Housing, and Urban Affairs. The anti-crypto lawmaker further highlighted the environmental threat of these mining facilities, pointing out that their activities could pose “a disaster for the environment.”.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 VanEck predicts Bitcoin could hit $2.9 million by 2050 in ‘base case scenario’
VanEck outlined an ambitious scenario in which Bitcoin (BTC) could reach a staggering $2.9 million per coin by 2050 under a “base case scenario” in its latest research report. According to the report — authored by the firm’s head of digital assets, Matthew Sigel, and senior investment analyst Patrick Bush — the projected valuation hinges on Bitcoin’s adoption as a global medium of exchange and a reserve asset, which could potentially revolutionize the international financial system.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🇺🇸 ETHEREUM ETFs TO START TRADING TODAY
🤝 @Cryptocurrency_Inside ✅
🪙 DOGE open interest up 19% amid price 'breaking out' to monthly high
Traders are ramping up their positions on Dogecoin as its price "breaks out," reaching its highest monthly level on July 20. However, not all are convinced that the bullish pattern is confirmed just yet. “DOGE is breaking out and looks primed for an aggressive up move,” pseudonymous crypto trader Shelby wrote in a July 20 X post. They reiterated that Doge’s price breaking out has previously been “a catalyst” for other altcoins to follow, including Floki (FLOKI) and Shiba Inu, which have increased 37% and 3.89% respectively, according to CoinMarketCap data.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Bitcoin's recent price gains may be limited by rising exchange sell orders: Coinbase
Bitcoin’s market depth on Coinbase has recently shown a greater imbalance between bids and asks, with a higher number of bids. According to Coinbase analysts David Duong and David Han, this increase in total bitcoin sell orders is particularly concentrated within 5% to 10% of the mid-price on the exchange, which is limiting a greater price upswing. "Mt. Gox repayments remain a source of pressure, following the distribution of around 50,000 bitcoin to exchanges since July 5, leaving the trustee with a balance of 90,300 bitcoin," they said.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🐶 After famous Notcoin, Telegram organized new airdrop among users: #DOGS!
Your airdrop depends on
⚫ Account age
⚫ Telegram premium sub
⚫ OG status
Check and claim your #DOGS here
You can sell your tokens on Bitget premarket, price is around $0.01!
💰 Kraken receives bitcoin from Mt. Gox Trustee, payouts anticipated in 7-14 days
Crypto exchange Kraken has received a pair of bitcoin and bitcoin cash transfers from the Mt. Gox Rehabilitation Trustee. Kraken appeared to write in an email to clients, according to a screenshot posted in the Mt. Gox creditors Telegram group. “While we will work to distribute funds as quickly as possible, please anticipate 7-14 days for funds to be credited to your account. The amount you will receive has been determined by the Trustee, and we will distribute according to their instructions.”.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🇰🇷 South Korea moves to delay crypto tax until 2028 amid market concerns
South Korean lawmakers have proposed a bill to delay the implementation of crypto gain tax until 2028. Initially, South Korea planned to implement its crypto gain tax on January 1, 2025. However, if the new bill is passed, the implementation date will shift to January 1, 2028. The sub-committee met on July 15 to continue the review.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
💰 Ripple CEO and Legal Chief Reflect on Landmark Victory Against SEC Over XRP
Ripple’s chief executive and chief legal officer have reflected on the crypto firm’s win against the U.S. Securities and Exchange Commission (SEC) regarding XRP as the anniversary of the court ruling approached. The CEO described the ruling as a milestone for both Ripple and the cryptocurrency industry. “The court’s ruling that XRP is not a security will not change,” Ripple’s legal chief emphasized, noting that “even the SEC told the court it will not challenge that conclusion.”
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🇵🇾 Paraguayan Senate Passes Law Imposing up to 10 Years of Jail Time on Crypto Miners for Electricity Theft
The Paraguayan senate has passed a series of reforms that changed penalties for energy and cryptocurrency mining-related energy theft. Now, individuals and companies found to be stealing energy for cryptocurrency mining activities will face jail time for up to 10 years, while energy theft for other purposes will face penalties for up to three years.
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🔹 @Crypto_Ethereum_Bitcoin 🔹
🇺🇸 Coinbase believes crypto voters will play major role in US Presidential elections
Coinbase said crypto voters will play a significant role in the upcoming US presidential election and have the potential to impact key battleground states. The exchange pointed to several surveys and studies conducted on its behalf to gauge the extent of crypto adoption among American voters. It added that surveys have revealed that crypto is a decidedly bipartisan issue.
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🔹 @Crypto_Ethereum_Bitcoin 🔹