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Crypto trends DeFi NFT & More Owner : @Azukicollector
📣 JPMorgan says crypto rebounds ahead unlikely to be sustained
JPMorgan analysts say that any rebound in crypto prices from this point is likely to be tactical — temporary and strategic — rather than the start of a lasting upward trend. They note that bitcoin’s current price of around $67,500 is high compared to its production cost of about $43,000 and its volatility-adjusted comparison to gold, which is around $53,000.
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🔊 @Crypto_Nfts_Metaverse
💰 Bitcoin reaches local price bottom amid indicators of upcoming positive momentum: CryptoQuant
The price of bitcoin seems to have bottomed out after recovering to a high of almost $66,000 earlier this week, according to CryptoQuant analysts. Thursday's CryptoQuant Weekly report noted that the recent drop in bitcoin's price to a low of around $55,000 last Wednesday resulted in the largest realized losses for the digital asset's holders so far in 2024.
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🔊 @Crypto_Nfts_Metaverse
🐶 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!
💰 Bitcoin Miner Northern Data AG Announces 20% Capital Increase With a $233M Investment From Tether
On Monday, Northern Data AG said it has resolved to increase its share capital by 20%, planning to raise €214 million ($233 million) through the issuance of new shares. The company aims to enhance its cloud platform and expand its data centers in Europe and the United States.
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🔊 @Crypto_Nfts_Metaverse
💰 Institutional Liquidity Providers and OTC Desks Absorbed 88% of Germany’s Bitcoin Sales
Institutional liquidity providers, market makers, and over-the-counter (OTC) trading desks, regardless of the term you choose, have taken in most of Germany’s bitcoin since sales began in June 2024. Data reveals that only a small amount of BTC was moved to centralized crypto exchanges like Coinbase, Kraken, and Bitstamp.
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🔊 @Crypto_Nfts_Metaverse
💰 Marathon Digital Bitcoin Mine Manager Acquitted of Noise Violations In Texas
David Fischer, who serves as a plant manager for a Bitcoin mine owned by Marathon Digital, a public Bitcoin mining company, has been acquitted of having responsibility for several noise complaints brought by citizens living nearby. The operation, located in Texas, is one of the least remote mines managed by the company.
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🔊 @Crypto_Nfts_Metaverse
💰 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_Nfts_Metaverse
💰 Malaysian crypto miners stole $722 million worth of power: energy official
Cryptocurrency miners in Malaysia stole at least RM3.4 billion ($722 million) worth of power between 2018 and 2023, the country’s energy official said. Akmal Nasrullah Mohd Nasir, deputy energy transition and water transformation minister, said on Wednesday that the illegal crypto mining activities have become more widespread, local news website Malay Mail reported.
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🔊 @Crypto_Nfts_Metaverse
🪙 Ethereum leads crypto majors in rally amid Fed Congressional testimony
Ethereum led an uptick of crypto majors on Tuesday, as equity indices gained amid U.S. Federal Reserve Chair Jerome Powell's Congressional testimony. The second largest digital asset by market cap's price increased by over 3% in the past 24 hours and was changing hands for $3,069 at 12:03 p.m. ET, according to The Block’s Price Page. Bitcoin posted a 2.5% increase, and major altcoins such as BNB and Solana increased 2.2% and 2%, respectively.
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🪙 Tether 24 hour trading volume surpasses Bitcoin, Solana, USDC and Ethereum combined
Tether USDT’s 24-hour trading volume exceeds the combined total of the following five digital assets, including Bitcoin and Ethereum. As CryptoSlate data indicates, Tether (USDT) maintains a higher volume than Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Solana (SOL), and First Digital USD (FDUSD), pointing to its significant presence in the market. Specifically, Tether recorded a 24-hour volume of over $55 billion, far surpassing Bitcoin’s $28 billion and Ethereum’s $15 billion.
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🔊 @Crypto_Nfts_Metaverse
🚨 Peter Schiff: Bitcoin Bear Market Has Much Further to Go, Ether to Crash to $1,500
Economist and gold advocate Peter Schiff warns of a continued bitcoin decline, stating that “this bear market is a long way from over.” He predicts significant price falls for both bitcoin and ethereum, suggesting a potential crash if critical support levels fail. “It’s a long way down,” he said. Regarding ether, Schiff predicted: “I think a crash down to $1,500 is coming.”
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🔊 @Crypto_Nfts_Metaverse
🇩🇪 German MP slams government’s bitcoin sell-offs, urges holding as a strategic reserve
Member of the German Bundestag, Joana Cotar, has heavily critcized the government’s decision to “hastily” sell the bitcoin in its possession, urging it to develop a comprehensive bitcoin strategy. “Instead of holding bitcoin as a strategic reserve currency, as is already being debated in the USA, our government is selling on a large scale,” the independent MP and bitcoin advocate wrote on Thursday, according to a translated X post.
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🔊 @Crypto_Nfts_Metaverse
💰 Bitcoin tumbles as whale sells 3,500 BTC, $310 million liquidated in 24 hours
According to CryptoSlate’s data, Bitcoin’s price has dropped approximately 6% in the past 24 hours, breaking the $58,000 mark to fall to as low as $56,900. Market observers warned that if the heavy selling action continues, this decline could be a precursor to a decline in the flagship digital asset’s price to the low $50,000s. Earlier today, blockchain analyst Lookonchain identified a whale that sold 3,500 BTC for $206 million in five hours through the Binance exchange.
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🔊 @Crypto_Nfts_Metaverse
💰 ETF trading volumes on decline, failing to hit $3 billion since mid-May
On July 2, Bitcoin (BTC) exchange-traded funds (ETFs) experienced their first outflow of July, as reported by Farside. The day saw a $13.7 million outflow, breaking a five-day trading streak of consecutive inflows. Leading the day’s activity was Grayscale’s GBTC, which recorded a substantial $32.4 million outflow, bringing its total net outflow to a staggering $18.5 billion.
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🔊 @Crypto_Nfts_Metaverse
🟠 Binance.US secures court approval to invest $40 million in US Treasury bills
A US court has granted Binance US permission to invest certain customer fiat funds, currently held at BitGo, in US Treasury Bills. Earlier this week, the exchange requested court approval to invest about $40 million in $10 million increments over four weeks. On July 19, Judge Amy Berman Jackson approved the exchange to invest its customer fiat funds, provided it maintains enough funds on its platform to meet all expected customer withdrawal requests and updates its terms of use to notify customers accordingly.
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🔊 @Crypto_Nfts_Metaverse
🪙 BlackRock sets 0.25% fee in latest round of amended forms as firms gear up to launch spot Ethereum ETFs
Asset management giant BlackRock set its fee at 0.25% for its spot Ethereum product as firms file amended forms ahead of an expected launch date next week. BlackRock said it could "waive all or a portion" of the fee for certain periods of time, according to an amended S-1 registration statement filed on Wednesday. The firm also said it would wave a portion of the fee, bringing it down to 0.12% for a year after listing and for the first $2.5 billion in assets.
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🔊 @Crypto_Nfts_Metaverse
🇪🇺 Stripe enables Bitcoin, Ether and Solana crypto purchase options in EU: report
Financial technology company Stripe has expanded its crypto integration into the European market, enabling shoppers to buy cryptocurrencies, including Bitcoin, Ether and Solana, using a credit or debit card. The decision by Stripe, founded by Ireland-born brothers Patrick and John Collison, is part of a move to make it easier for “normal transactions” to occur using digital assets, the Irish Independent reported on Tuesday.
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🔊 @Crypto_Nfts_Metaverse
🇰🇷 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_Nfts_Metaverse
💰 Bitcoin Mining Contributing to Massive Electricity Theft in Malaysia: Report
According to a report by a Malaysian news outlet, MalayMail, Bitcoin and crypto mining operations were mostly responsible for the massive electricity theft in the country between 2018 and 2023. Akmal Nasrullah Mohd Nasir, the Deputy Minister for the Energy Transition and Water Transformation docket in Malaysia, noted that between 2018 and 2023, the country lost around RM3.4 billion ($723 million) due to unauthorized electricity supplies for crypto mining.
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🔊 @Crypto_Nfts_Metaverse
🇺🇸 Senator Lummis says ‘ 💰 Bitcoin in reserve’ can help dollar ‘remain strong’
Senator Cynthia Lummis (R-WY) has asserted that incorporating Bitcoin into the US financial system can strengthen the US dollar and help it maintain its global dominance. Lummis reaffirmed her agenda in a subsequent social media post, which includes rejecting retail Central Bank Digital Currencies (CBDCs), advocating for clear protections for self-custody Bitcoin wallets, and restoring the dollar’s dominance for the 21st century.
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🔊 @Crypto_Nfts_Metaverse
🇺🇸 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_Nfts_Metaverse
💰 Bitwise CIO says key tailwinds could drive bitcoin to $100,000 by year-end
Matt Hougan, chief investment officer at crypto asset manager Bitwise, outlined five key tailwinds for the crypto industry that, despite current headwinds, could see bitcoin’s price reach $100,000 by the end of the year. Bitcoin is currently down 21% from its latest all-time high of $73,836 set on March 14, partly amid concerns surrounding Mt. Gox distributions and the German government's sales of seized bitcoin.
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🔊 @Crypto_Nfts_Metaverse
🇩🇪 German receives small CoinJoin deposits amid ‘negligible’ $326 million Bitcoin sales
The German government’s Bitcoin wallet received a small amount of Sats from a CoinJoin address amidst its significant selling activity. On-chain data from the crypto analytical platform Arkham Intelligence revealed that the German government wallets received less than $10 in three transactions from CoinJoin addresses today.
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🔊 @Crypto_Nfts_Metaverse
💰 German Government Liquidates $741M in Bitcoin Holdings
Ten hours ago, the German government’s bitcoin wallets transferred 1,205 BTC to various parties. At 7:40 a.m. EDT, the wallets held approximately 38,621 BTC, but by 4:30 p.m., the government’s bitcoin holdings had dropped to 26,686 BTC after divesting an additional 11,935 BTC. Currently, the government’s bitcoin wallet is valued at approximately $1.5 billion in U.S. dollars.
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🔊 @Crypto_Nfts_Metaverse
💰 Jack Dorsey Envisions Bitcoin Replacing US Dollar — Foresees BTC Reaching $1 Million
Billionaire Jack Dorsey foresees a future where bitcoin could supplant the U.S. dollar as the dominant global currency. He envisions a scenario where bitcoin’s value could soar to $1 million by 2030. Highlighting the cryptocurrency’s decentralized nature, Dorsey underscores its potential to democratize financial systems and reduce reliance on traditional banking institutions.
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🔊 @Crypto_Nfts_Metaverse
💰 $537 million Binance deposits tied to BTC price drop suggest whales selling: LookOnChain
Two wallets have deposited 9,500 to Binance since June 27, potentially indicating whales liquidating nearly $550 million in cryptocurrency. The wallets, first spotted by blockchain analytics firm Lookonchain, could represent whales cashing in on their bitcoin holdings, which are currently valued at $537 million. When the transfers began last week, the stash was worth closer to $575 million.
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🔊 @Crypto_Nfts_Metaverse
💰 Mt. Gox moves $2.7B in Bitcoin to new wallet address
The collapsed Japanese crypto exchange Mt. Gox has transferred 47,229 Bitcoin (BTC) — worth $2.71 billion at current prices — to a new wallet address in its first major transaction since May. According to blockchain analytics platform Arkham Intelligence, the exchange transferred the Bitcoin at 12:30 am UTC on July 5 out from “cold storage."
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🔊 @Crypto_Nfts_Metaverse
📊 Crypto VC investment ‘continued rebound’ in Q2 with $3.2 billion invested – Galaxy
Venture capital investments in crypto continued to rebound in the second quarter, with a total $3.2 billion invested during the period — up 28% compared to $2.5 billion in the previous quarter, according to Galaxy Digital latest research report. Galaxy noted the second quarter’s median pre-money valuation is the highest since the fourth quarter of 2021 and represents an almost all-time high. It attributed the surge to a more competitive market, giving companies greater negotiation leverage in deals.
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🔊 @Crypto_Nfts_Metaverse
💰 Standard Chartered Predicts Bitcoin Hitting Fresh All-Time High in August
Standard Chartered has predicted that bitcoin could hit a fresh all-time high in August and reach $100,000 by the November U.S. presidential election. The bank’s analyst expects a Trump victory to boost the price of bitcoin, while maintaining year-end and 2025 targets of $150,000 and $200,000, respectively.
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🔊 @Crypto_Nfts_Metaverse