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🌐Cardano Founder Reacts to Epic NFT Sale Costing 63,000 ADA
The Cardano ecosystem is seeing remarkable demand for its non-fungible tokens (NFTs), which might have partly led to some of its NFT collections being sold at noteworthy prices.
Notably, the demand for Cardano Apes has been sustained, driving prices higher. A Twitter user drew attention to this fact, reporting that a Cardano Ape NFT just sold for 63,000 ADA, valued at nearly 20,000 U.S. dollars.
The Twitter user went on to ask for thoughts about the sale. The tweet caught the attention of Cardano founder Charles Hoskinson, who reacted with a GIF image that might suggest someone exploding with excitement.
— Charles Hoskinson
Another interpretation of the GIF image might be to infer that the sale was an "explosive" one. Whichever it may be, the Cardano founder's intent remains unknown.
The Ape Society, Cardano's largest NFT project, saw strong user demand last December, resulting in its floor price setting highs of 10,000 ADA. Ape Society has the highest Collection Share by Volume, accounting for 24.64% over the past 24 hours, according to CNFT data.
Not only is Cardano thriving in its NFT sales, according to Messari's Layer 1 Q2, 2023, comparison report, but Cardano also dominated Q2, 2023, DeFi growth, leading in TVL, stablecoin market cap and DEX volume among the featured Layer 1 despite a 27% QoQ decrease in ADA's price.
➡️Long-Dormant Ethereum ICO Participant Transfers $116M in ETH to Kraken.
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💬Six Nations Drive the Majority of Africa's Crypto Interest, Surpassing 90% in H1 2023.
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🔼Trillions of SHIB Flow into Shiba Inu Billionaire Addresses as Holdings Grow 20%
Per IntoTheBlock data, Shiba Inu billionaire addresses, which refer to those that own 100 billion to 1 trillion SHIB, were found to have increased their holdings the most over the past 30 days.
Notably, Shiba Inu is seeing accumulation from different tiers of holders.
In particular, Shiba Inu holders who own more than 100 billion to one trillion SHIB have seen stunning 20% growth in their holdings, according to IntoTheBlock data.
The past 30 days, from June 19 to July 17, saw the balance held by Shiba Inu large billionaire addresses increase from 103.18 trillion Shiba Inu to 123.53 trillion SHIB. The difference amounts to a gain of 20.35 trillion SHIB.
Shiba Inu large holders' inflow is seeing a steady increase, according to IntoTheBlock data, with a 1,498% growth in the last seven days. Large Holders Inflow from IntoTheBlock monitors the funds going into addresses belonging to either whales or investors over specific time frames. A significant increase in large holder inflows could signal active buying.
The optimism for the forthcoming launch of Shibarium mainnet might be attributed to the rise in the holdings of billionaire Shiba Inu addresses. Shiba Inu will be taking Canada by storm as the official title sponsor of the Blockchain Futurist Conference, scheduled for Aug. 15 and 16.
⬇️INJ has reached the main $9.7 resistance, printed +37% profit so far!
We closed the major part of the position, and will re-enter in case of the resistance confident breakout.
⭐️Decentralized KYC Platform Astra Protocol’s Token ASTR Going Public
Based out of Zurich, Switzerland, the leading decentralized KYC platform for Web3, Astra Protocol, is working on driving compliance in the cryptocurrency community. It is building the ultimate decentralized compliance layer for the Web3 economy.
By equipping all cryptocurrencies with a decentralized compliance service, including KYC and AML capabilities, using trusted law firms, Astra Protocol aims to help crypto and DeFi applications effortlessly conform to any relevant regulations.
A Swiss Knife of Crypto Compliance
Even more impressive is that this innovative new platform makes it easy for fast-growing crypto protocols to meet KYC and AML regulations without changing their underlying business models through its plug-and-play software.
Crypto protocols using Astra can meet numerous social regulations without giving up on their decentralization. Astra Protocol enables decentralized companies to abide by rules set by regulatory bodies worldwide without compromising their users’ identity and security.
⬇️Bitcoin miners keep working in loss for 11 months straight!
The average Bitcoin Production cost right now is $37,300 and $22,500 of which are expenses on electricity.
Historically, Bitcoin touched the low border of the channel (electricity cost) only a few times and bounced from there.
What is more, this is one of the longest periods in which the miners have been working at a loss. Will they get a chance to work in profit this year..?
👀Everywhere you turn today, the buzz is all about one thing — the Azuki Elementals mint.
The fascination, the excitement, and the intrigue around this mint have created a fervor that is impossible to ignore.
The Azuki Elementals are the third addition to the rapidly expanding Azuki universe, including Azuki’s genesis collection and Beanz.
Spanning four different domains (Lightning, Earth, Water, and Fire) and rarity tiers, Elementals consists of 20,000 NFTs.
The first 10,000 were airdropped to Azuki holders at the project's recent Vegas event.
💸Bitcoin Whales Make Massive Accumulation of 71,000 BTC, Signaling High Confidence in the Cryptocurrency.
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🗣️LTC has also reached 4 targets, printed +31% profit.
Tend to believe that this is only a beginning, we still have a ~month before the halving happens.
As long as Bitcoin keeps going sideways, Litecoin will keep growing.
👀Earnings from NFT royalties hits two-year low: Nansen
Earnings from NFT royalties hit their lowest volume since 2021, according to crypto data firm Nansen.
"OpenSea had been the dominant platform for distributing royalties to NFT projects until February 2023," Nansen stated in a new report on NFT royalties. It added that the landshape shifted when Blur introduced requirements for royalties and OpenSea adapted its policies.
NFT royalty data since September 2018. Image: Nansen
"Currently, OpenSea and Blur are on par with each other when it comes to the royalties paid through their respective marketplaces, with more royalties paid on Blur when the trading volume surges," it noted.
While NFT earnings have declined, some top projects have still earned a lot from them. Bored Ape Yacht Club (BAYC) has seen a total of 22,288 ETH ($42.2 million) in all-time royalties, per Nansen data. Azuki, which has been under a lot of controversy recently, has recorded 17,362 ETH ($33 million) in all-time royalties.
BAYC NFTs reached its lowest floor price in over a year this week. The minimum cost of this blue-chip NFT hit a low of 27.03 ETH (around $51,500) before rising to 29 ETH as of publication, The Block's data shows. The price of other popular NFT projects fell as well, with CryptoPunks hitting a 41 ETH ($78,000) minimum cost and Azuki plummeting to a 8 ETH ($15,000) floor price.
In 2022, NFT creators earned $1.8 billion in royalties, with the top 10 projects netting $489 million in residual earnings.
👥Institutional Investors Increasingly Accumulating Bitcoin Shows Strong Interest in the Digital Asset.
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👀Biggest Movers: LTC, BCH Surge 20% Higher on Friday
Litecoin surged by as much as 20% in today’s session, as bulls took the token to its highest level since April. The move came prior to the latest consumer sentiment report from the U.S, which rose to a reading of 64.4. Bitcoin cash climbed to its highest point since April 2022.
Litecoin (LTC) rose above $100.00 for the first time since April, as traders seemingly remained bullish on the token following its recent listing on EDX markets.
Today’s move came as bulls were able to break out of a recent resistance level of $98.00, with the relative strength index (RSI) doing similar.
Should momentum continue, bulls will likely ease pressure closer to an upcoming level of 68.00.
Bitcoin cash (BCH) made significant gains for a second straight session, this time rising by over 20% to end the week.
➡️This is why the whole crypto thing is just BTC party.
Bitcoin dominance is above 50% for the first time in two years!
Thousands of alts were created and added their marketcap to the equation while BTC kills all of them alone. That's why you should always understand the time measures right and be ready to sell your alts bags. The only coin you can hold for years is Bitcoin.
⬇️Buying some SUI here
Looks great after breaking out of the falling wedge. Need some consolidation and will be send upwards.
↗️LINK UPDATE
After a sharp growth, LinkChain is forming a bullish flag above the $7.7 support level.
Entering now is quite risky, it is better to wait for a possible breakout of the $8.4 resistance. Once breakout happens, it is safe to enter for a scalp LONG.
👀Sаo Paulo enshrines in law the use of blockchain for data collection
In the legislative act, blockchain refers to an immutable registry where transactions are recorded and through which the use of various assets based on a computer network can be tracked. The law does not spell out exactly where its use will improve the efficiency of data access and openness tasks.
Some experts in the local media are convinced that the term was included in the law at random, as it does not describe any practical application of the technology.
"Institutions recognize blockchain technology as a positive factor for the economy, but there is no clear prescription for the use of the technology, which creates some risks," said Machado Meyer lawyer Marcelo Castro.
Earlier, representatives of the Brazilian Securities Commission said that the regulator should pay special attention to the supervision of the cryptocurrency industry.
💸ETH UPDATE
The price is approaching the $2040 resistance for the third time, so now chances of breakout are much higher than they were before.
Moreover, there is an overall upward vector that lasts since November 2022.
Locally, there is a great setup on BREAKOUT of the resistance. Local targets are $2190 and $2390.
If Bitcoin goes down to $28,000 - 29,000 zone, Ethereum will retest the ascending channel support another time which is a good entry point as well.
📌Neopets won’t be a metaverse filled with Solana NFTs after all
Despite raising millions from the crypto community, stewards of the virtual pet franchise Neopets said Tuesday they are shelving Web3 plans in favor of going back to basics.
As the game nestles into a “new, unified entity,” the call has been made to “transition away from the Neopets Metaverse game,” and direct resources better suited to the game’s “values,” according to a statement.
A frosty reception of NFTs from Neopians led to the pivot away from blockchain, with the game’s leadership now making it their “priority” to appease Neopets’ dwindling player base. Launched in 1999, Neopets is a browser-based virtual pet website allowing players to feed, groom and care for a collection of fantasy critters.
In late June, Neopets’ studio JumpStart Games, headquartered in LA, was shut down by its owner NetDragon. The franchise was then handed over to Dominic Law, a Neopets diehard who had previously been employed by NetDragon. The game is now to be managed by a new firm, The Neopets Team (TNT).
JumpStart, like others before it, had failed to generate any substantial revenue for the franchise, TNT said in a statement. TNT said Neopets had been running at a loss “for over a decade,” and was in dire need of a rescue plan, intended to draw back users that had left disgruntled over its Web3 vision.
“This decision was not made lightly, but it was made for the best reason: we want to design a game that’s more in line with what the community has been asking for,” a statement from the Neopets Metaverse Twitter account said.
Blockworks has reached out to TNT and Neopets Metaverse for comment.
➡️U.S. Banks Poised to Embrace XRP Following Ripple's SEC Battle Triumph Says Ripple.
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🔥Pantera Capital Founder Predicts Bullish Crypto Market Amidst Traditional Market Struggles.
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💸XRP Price Surges By 80% As US Judge Rules XRP Not A Security
After more than two years of back-and-forth legal battles, Ripple has emerged victorious in its dispute with the Securities and Exchange Commission (SEC). A US judge has officially ruled that XRP is not a security, putting an end to the ongoing lawsuit between the two parties. The news has had a positive impact on the price of XRP, with the cryptocurrency surging by 80% following the announcement.
The ongoing legal dispute had a significant impact on XRP’s price and discouraged retail investors. However, the latest news has turned out to be a big win for the XRP community and the crypto community as a whole. According to CoinMarketCap data, XRP went up from a 24-hour low of $0.4680 to its highest price of $0.9382, and at press time, the coin was trading at $0.8771, with the trajectory and likelihood of the coin surging even more.
This ruling is significant for Ripple and the entire cryptocurrency industry, as it provides clarity on the regulatory status of XRP. Many in the industry had been waiting for this ruling, and it could lead to increased adoption of XRP and other cryptocurrencies.
While the ongoing lawsuit had a negative impact on XRP’s price and discouraged retail investors, Ripple’s victory in the case has put those concerns to rest. The ruling could also lead to other cryptocurrencies receiving regulatory clarity, which could be a positive development for the industry as a whole.
👥SOL reached another target, printed +32% profit!
We didn't buy more Solana after the $19.25 resistance breakout since the market looks weak overall. Holding a small part now.
👥Belarus Looks to Ban P2P Crypto Trading
Belarus is set to ban peer-to-peer (P2P) crypto “exchanges” – in a blow to traders operating in the country.
In a Telegram post from the Ministry of Internal Affairs, government officials said they were “preparing proposals for legislation” that would “prohibit the exchange of cryptocurrency between individuals in Belarus.”
The ministry said that it wants to “legally prohibit transactions for the exchange of cryptocurrencies.”
Instead, it wants to force citizens to “conduct transactions only through the exchanges in Minsk’s High-Tech Park.”
The park was launched half a decade ago, and was masterminded by the central government in a bid to turn Minsk into a regional crypto hub. The ministry said it wanted elements of “transparency and control” to be present in crypto transactions conducted in the country.
Alexander Ringevich, the Deputy Head of the Main Directorate of Internal Affairs at the Belarusian Ministry of Internal Affairs, said:
“Using a similar system to that which we use for exchanging foreign currencies will make it impossible to withdraw money obtained by criminal means using crypto.”
💫RippleX Announces Important Milestone: Details
RippleX, the team charged with the support and development of the XRP Ledger (XRPL), has announced a significant milestone.
After announcing the new XRPL Accelerator three months ago, the program has now officially kicked off with the first cohort of projects and start-ups.
In April, RippleX unveiled the XRPL Accelerator program, a 12-week initiative dedicated to supporting and empowering builders on the XRP Ledger (XRPL). It made a call for applications, urging different projects to apply.
According to a blog post, nine innovative projects were picked to participate in the inaugural cohort of the 12-week program after a rigorous selection procedure.
Elaborating on the initiative, the XRPL Accelerator is intended to assist entrepreneurs in building their businesses on the XRP Ledger (XRPL) scale and succeeding. As part of the initiative, selected projects receive a $50,000 program grant, important insights from industry-leading mentors, the ability to interact with investors and possible partners, and more.
Early-stage teams will be supplied with essential skills, resources and benefits through the program, allowing them to accelerate their efforts to deliver utility and value.
The XRPL accelerator is primarily a virtual program with an on-site demo component. According to a previous announcement, the first cohort's demo day will be held in New York City on Aug. 21–25.
💸BTC UPDATE
The price keeps consolidating above the $30,000 support level. The market doing its best to shake out all the holders by spreading FUD and making scary red candles.
Make sure not to be intimidated by the evil powers. Hold and be calm.
🔼Litecoin's Hash Rate Reaches New Milestone Ahead of Halving, Pushing LTC Towards $100.
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🐶UK Law Commission Introduces New Property Law Category for Crypto Assets
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💬Sotheby's to Launch On-Chain Generative Art Program Powered by Art Blocks Engine
Art auction house Sotheby's is launching a generative art program this summer, highlighting artists in the digital art field through fully on-chain sales.
The Gen Art Program at Sotheby's will launch on July 26 and will highlight two to three generative artists per year.
The first sale will honor generative art pioneer Vera Molnar, who is considered by many scholars to be the first female digital artist. Beginning her career in the mid-1940s, Molnar began creating computer art in the 1960s, building out an impressive portfolio that is regularly cited as an influence for modern generative artists such as Dmitri Cherniak and Tyler Hobbs.
The program is powered by the Art Blocks Engine, a white-label generative minting infrastructure solution created by the popular generative art platform. Sales through the Gen Art Program will be fully on-chain and will be sold via a Dutch auction format for the first time in the art auction house's 300-year history.
Bids will begin at 20 ETH and will be incrementally reduced until the item is bought with one bid.
All pricing will be in ETH, which Sotheby's calls a nod to its "crypto-native collectors."
Sotheby's has continued to embed itself into the digital art community, recently hosting a series of successful non-fungible token (NFT) sales from its GRAILS collection, made up of rare artworks seized from bankrupt crypto hedge fund Three Arrows Capital (3AC).
In June, it sold a number of NFT artworks, including Dimitri Cherniak's "The Goose," which sold for an eye-popping $6.2 million. In total, the auction house has brought in about $11 million from sales of GRAILS NFTs.
💲Glassnode Report Reveals 96.9% of Bitcoin Short-Term Holders Enjoy Profitability.
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