In the past 24 hours, long positions worth ~$720 million were liquidated.
https://www.coinglass.com/LiquidationData
The volume of Bitcoin moved by whales from exchanges has reached a 9-year high, with 84,000 BTC added by these large holders in July alone.
https://x.com/Cointelegraph/status/1819658600975151449
The crypto market is down
BTC Dominance - 55.10%
Market Cap - $2.18T
BTC - $60,764 (-1.43%)
ETH - $2,919.03 (-1.64%)
BNB - $529.3 (-2.28%)
STRK - $0.406 (-1.91%)
W - $0.2106 (-6.42%)
ZK - $0.1146 (-6.77%)
ZRO - $3.62 (-1.06%)
https://dropstab.com
Spot ETF Flow on 2.08: BTC-ETF -$237M, ETH-ETF -$54.3M
https://farside.co.uk/?p=997
The crypto market is down
BTC Dominance - 55%
Market Cap - $2.22T
BTC - $61,971 (-4.03%)
ETH - $2,982.69 (-5.85%)
BNB - $542.6 (-5.12%)
STRK - $0.412 (-9.33%)
W - $0.2249 (-6.25%)
ZK - $0.1222 (-12.17%)
ZRO - $3.66 (-7.57%)
https://dropstab.com
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
DeBank announced Rabby added support for multi-signature wallets
https://debank.com/stream/2588580
The crypto exchange Bybit will no longer offer its products or services in France.
Starting Aug. 2 at 8:00 UTC, French users will not be able to purchase any type of produce, open new positions or add new ones. All Bybit products, such as Bybit Earn and all spot products, are included in the restriction, according to a company release.
French users will have any remaining unclosed open positions liquidated after Aug. 13 at 8:00 UTC. Afterward, only asset and fund withdrawals will be allowed.
https://www.theblock.co/post/308993/bybit-will-end-services-and-stop-offering-products-in-france
MicroStrategy reported a second quarter net loss of $102.6 million or $5.74 per share versus income of $22.2 million or $1.52 per share one year earlier.
The loss came as the company took an impairment charge on its bitcoin holdings of $180.1 million versus $24.1 million in the second quarter a year ago.
https://www.coindesk.com/business/2024/08/01/microstrategy-posts-gainloss-on-impairment-charge-in-q2-report/
Fantom has rebranded to Sonic Labs
https://x.com/0xSonicLabs/status/1819057799722414538
In the past 24 hours, long positions worth ~$218 million were liquidated.
https://www.coinglass.com/LiquidationData
The crypto market is neutral
BTC Dominance - 54.78%
Market Cap - $2.32T
BTC - $64,620.58 (+0.93%)
ETH - $3,167.81 (-0.63%)
BNB - $572 (+0.14%)
ZRO - $3.99 (-7.25%)
ZK - $0.139 (-4.65%)
STRK - $0.455 (-3.29%)
W - $0.2405 (-3.83%)
https://dropstab.com
Binance Labs Invests in Particle Network
Particle Network is a modular Layer 1 blockchain that provides Chain Abstraction infrastructure to address liquidity and user fragmentation in a multi-chain world.
The amount of the investment was not disclosed.
https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-particle-network-to--address-user-and-liquidity-fragmentation-in-web3-2579347885390894943
U.S. Senator Cynthia Lummis officially introduced the Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act in the U.S. Senate.
Specifically, the legislation would:
Establish a decentralized network of secure Bitcoin vaults operated by the United States Department of Treasury with statutory requirements ensuring the highest level of physical and cybersecurity for the nation’s Bitcoin holdings.
Implement a 1-million-unit Bitcoin purchase program over a set period of time to acquire a total stake of approximately 5% of total Bitcoin supply, mirroring the size and scope of gold reserves held by the United States.
Be paid for by diversifying existing funds within the Federal Reserve System and Treasury Department.
Affirm self-custody rights of private Bitcoin holders and emphasize that the strategic Bitcoin reserve shall not infringe upon individual financial freedoms.
https://www.lummis.senate.gov/press-releases/lummis-introduces-strategic-bitcoin-reserve-legislation/
The crypto market is down
BTC Dominance - 56.04%
Market Cap - $1.92T
BTC - $54,290.52 (-10.61%)
ETH - $2,330.7 (-20.22%)
BNB - $445.19 (-15.28%)
STRK - $0.3473 (-13.67%)
W - $0.1802 (-13.34%)
ZK - $0.089 (-20.96%)
ZRO - $2.88 (-19.79%)
ARB - $0.4802 (-20.58%)
https://dropstab.com
Amber Group, HashKey and ArkStream criticised ZKX for abruptly ceasing operations without notifying their investors and market makers
https://x.com/ambergroup_io/status/1819756271823884715
https://x.com/HashKey_Capital/status/1819225266721579313
The Flow Crescendo Mainnet network upgrade will happen on September 4th, at 12:00 UTC
https://flow.com/post/flow-crescendo-road-to-mainnet-upgrade
Kamala Harris' team and Democratic Party politicians will meet with crypto industry leaders on Monday, Aug. 5
https://x.com/EleanorTerrett/status/1819149516307562827
💧 Recent Lead Investments by the Most Profitable Tier 1 VCs
👉 https://dropstab.com/investors
Starknet Discord is currently compromised.
Please do not interact with the server, click any links, or respond to any messages until further notice.
https://x.com/Starknet/status/1819079824851320990
Coinbase Announces Second Quarter 2024 Financial Results
Total Revenue: $1.4B
Net Income: $36M
Adjusted EBITDA: $596M
https://s27.q4cdn.com/397450999/files/doc_financials/2024/q2/Q2-24-Shareholder-Letter.pdf
Spot ETF Flow on 1.08: BTC-ETF +$24.7M, ETH-ETF -$62.9M
https://farside.co.uk/?p=997
Injective Altaris is live on mainnet
Altaris is the first major upgrade to Injective following Volan which launched in January of 2024.
https://x.com/injective/status/1819109255762399249
Galaxy Announces Second Quarter 2024 Financial Results
Net loss of $177 million for the second quarter
Net income of $245 million for the six months
https://s201.q4cdn.com/407453138/files/doc_financials/2024/q2/Galaxy-Digital-Holdings-LP-Press-Release-6_30_2024.pdf
Andrei Grachev says that DWF Labs is working on CeDeFi synthetic stable coin.
https://x.com/ag_dwf/status/1818965161660576116
ApeCoin will launch an APE-themed hotel in a prime location in central Bangkok, Thailand.
Benefit to Apecoin ecosystem:
1. Revenue Generation: 50% of the revenues from themed rooms will be received by ApeCoin DAO for one year once these rooms are completed. DAO will receive revenue from all themed rooms, including APE, BAYC, Otherside, Apechain, Mocaverse.
2. Real-World Utility: Hotel rooms and bars will accept ApeCoin for payment.
3. Brand Exposure
4. Community Benefits: APE community members can use the rooftop bar for events for free.
5. Community Engagement:
Host events for ApeCoin members every two months.
6. IP Development and Diversity.
Total amount requested from the ApeCoin Ecosystem Fund = 410,000 APE (~$301K)
https://snapshot.org/#/apecoin.eth/proposal/0x6747c1e678671befb802c38277043a9c2aaa285ce13fbc3d45a9583a4495acf8
MtGox made repayments in Bitcoin and Bitcoin Cash to over 17,000 rehabilitation creditors to date
https://www.mtgox.com/img/pdf/20240731_f6e19c0e-85b0-41f6-8102-2e8cafc9c498_announcement_en.pdf