The crypto market is neutral
BTC Dominance - 54.39%
Market Cap - $2.40T
BTC - $66,056 (-0.79%)
ETH - $3,292.36 (-0.73%)
BNB - $585.1 (+2.18%)
ZRO - $4.52 (+0.72%)
ZK - $0.15 (-3.96%)
STRK - $0.493 (-4.49%)
W - $0.2558 (-4.11%)
https://dropstab.com
Circle said to be trading around $5B valuation ahead of planned IPO: sources
https://www.coindesk.com/business/2024/07/30/circle-said-to-be-trading-around-5b-valuation-ahead-of-planned-ipo-sources/
Swell snapshot of the Pearls will be taken at Block 20422895 (estimated to be validated around midnight UTC tomorrow on Tuesday, 30th July 2024).
https://x.com/swellnetworkio/status/1817835444220141797
EVM Support (Beta) is now live on Keplr Wallet
https://x.com/keplrwallet/status/1818167295589634099
Layer3 trading has started on OKX, Bybit, Bitget and others.
L3 is now trading at $0.097.
FDV: ~$323M
https://www.bybit.com/en/trade/spot/L3/USDT
Vitalik Buterin: Happy 9th birthday, Ethereum!
Looking forward to seeing what the next decade brings.
https://x.com/VitalikButerin/status/1818146456550961620
Spot ETF Flow for 29.07: BTC-ETF +$124.1M, ETH-ETF -$98.3M
https://farside.co.uk/?p=997
Organized labor is leading a quiet push for Vice President Kamala Harris to consider Sen. Gary Peters (D-Mich.) as her running mate, Axios has learned.
Peters is opposed to cryptocurrency.
https://www.axios.com/2024/07/29/harris-vp-pick-michigan-senator-gary-peters
pSTAKE Bitcoin Liquid Staking v1 on Babylon is now live on mainnet with a 50 Bitcoin total deposit cap
https://x.com/pStakeFinance/status/1817863162588467569
Elon Musk Says: "I'm Not Going to Be Promoting Crypto"
Serial tech entrepreneur Elon Musk has taken part in today’s X Takeover podcast hosted by the Tesla Owners Silicon Valley account. It was held on Musk’s X social media platform.
When asked to share his current take on the world’s leading cryptocurrency, Musk responded that he does think “there is merit in Bitcoin and maybe some other cryptos.” The tech mogul admitted that he has a soft spot for the original meme cryptocurrency, Dogecoin, because he likes “dogs and memes.”
However, Musk made it clear that he does not intend to promote crypto...any crypto. The maximum he would do, though, he added, was to do it “in a joking way.” He also said that if anyone sees a video where he is pumping crypto, that is a deepfake.
https://u.today/elon-musk-says-im-not-going-to-be-promoting-crypto
💧 Top Funding Rounds in the Last 7 Days
👉 https://dropstab.com/insights/latest-fundraising-rounds
Ledger has introduced Ledger Flex and Ledger Stax
https://x.com/Ledger/status/1816855104353427753
The crypto market is growing
BTC Dominance - 55.04%
Market Cap - $2.49T
BTC - $69,347.86 (+1.98%)
ETH - $3,348.54 (+3.28%)
BNB - $592.4 (+2.02%)
ZRO - $4.59 (+2.46%)
ZK - $0.162 (+2.26%)
STRK - $0.54 (+1.55%)
https://dropstab.com
Eclipse will launch the mainnet next week
https://x.com/EclipseFND/status/1816848501546057998
The SEC is suing the founder of Decentralized Social (DESO)
The SEC accuses him of fraud and selling unregistered securities.
https://www.sec.gov/newsroom/press-releases/2024-91
Binance Labs has unveiled the first batch of projects that it admitted into Season 7 Incubation:
Astherus is a liquidity hub for staked assets such as liquid staking tokens (LSTs) and liquid restaking tokens (LRTs).
https://x.com/AstherusHub
CYCLE NETWORK is a universal, secure and verifiable chain abstraction that offers a bridgeless aggregate liquidity network for all blockchains, whether L1s, L2s, EVMs, or non-EVMs.
https://x.com/cyclenetwork_GO
DILL is the most scalable data availability network, fully compatible with the Danksharding roadmap.
https://x.com/dill_xyz_
EigenExplorer is EigenLayer's first native DeFi protocol.
https://x.com/EigenExplorer
https://x.com/BinanceLabs/status/1818209794521702754
💧 Top 10 Tokens Launched in July by FDV
👉 https://dropstab.com/tab/july-tges-by-fdv-a0kq7d0hzo
The U.S. Securities and Exchange Commission intends to seek an amendment to its original complaint against crypto exchange Binance.
The SEC has previously named tokens such as SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI as securities in the lawsuit against Binance.
https://www.theblock.co/post/308220/sec-binance-complaint-amendment
https://storage.courtlistener.com/recap/gov.uscourts.dcd.256060/gov.uscourts.dcd.256060.253.0.pdf
💧 Early Stage DePIN Projects by Social Performance
👉 https://dropstab.com/tab/early-stage-depin-projects-cdb0un17xy
Solana overtakes Ethereum in weekly fee revenue for the first time
According to Blockworks Research, Solana generated approximately $25 million in revenue during the week of July 22, edging out Ethereum’s $21 million.
The network also recorded $5.5 million in transaction fee revenue on July 28, the highest in three months.
https://cryptoslate.com/solana-overtakes-ethereum-in-weekly-fee-revenue-for-the-first-time/
BTC open interest changed by 34k ($2.3bn) in less than 36 hours
https://x.com/SplitCapital/status/1818087442261696791
The crypto market is down
BTC Dominance - 54.44%
Market Cap - $2.41T
BTC - $66,552.48 (-3.98%)
ETH - $3,316.16 (-1.08%)
BNB - $572.3 (-3.28%)
STRK - $0.516 (-4.23%)
W - $0.2668 (-7.5%)
ZK - $0.1562 (-3.23%)
ZRO - $4.49 (-2.02%)
https://dropstab.com
The US. Government just moved $2B of Bitcoin to a new address
https://platform.arkhamintelligence.com/explorer/address/bc1qjet9suh6lpyu8uwcseywkr9zcn55lawp83wzde
OKX has announced that USDT-margined pre-market futures for HMSTR will be enabled at 10:00 UTC on Aug 1, 2024
https://www.okx.com/help/okx-to-list-pre-market-futures-for-hmstr-crypto
A recent proposal passed by Compound Finance’s DAO has sparked claims of a governance attack after a small group led by whale Humpy amassed enough tokens on the open market to help narrowly pass their proposal over the objections of many community members.
The proposal allocates 499,000 COMP tokens, currently worth about $24 million, to a yield-bearing protocol controlled by ‘the Golden Boys,’ the group led by Humpy which pushed the proposal through and has allegedly undertaken similar DAO-hijacking behavior in the past.
https://www.theblock.co/post/307943/24-million-compound-finance-proposal-passed-by-whale-over-dao-objections
Edward Snowden Highlights at Bitcoin 2024
Snowden raised concerns about Bitcoin’s privacy issues. He noted that bitcoin transactions are not anonymous and can be traced back to individuals, which poses risks to personal privacy.
https://news.bitcoin.com/edward-snowden-highlights-political-pitfalls-and-privacy-issues-in-btc-at-bitcoin-2024-event/
Highlights from Donald Trump's speech at Bitcoin 2024
1. On day one I will fire Gary Gensler and appoint a new SEC chairman.
2. Create a US Government strategic national Bitcoin stockpile if elected.
3. US Government will keep 100% of Bitcoin it owns
4. Bitcoin is going to the moon.
5. Never sell your Bitcoin
6. Bitcoin will one day probably surpass the market cap of Gold.
7. There will never be a CBDC while I am President of the United States.
8. Bitcoin and crypto will skyrocket like never before if elected president.
9. Bitcoin is not threatening the dollar, the current U.S. government is threatening the dollar.
10. The United States will be the crypto capital of the planet and the Bitcoin superpower of the world.
11. Bitcoin stands for freedom, sovereignty, and independence from government coercion and control.
12. I pledge to the Bitcoin community that the day I take oath of Office, Joe Biden and Kamala Harris' anti-crypto crusade will be over.
https://www.youtube.com/watch?v=EiEIfBatnH8
Highlights from Michael Saylor's speech at Bitcoin 2024
1. The world economy is based on outdated 20th century ideas and technologies. New ideas and technologies are needed to thrive in the 21st century. The modern financial system is slow and expensive. For example, stock markets operate for limited hours and weekend transactions are impossible.
2. Of the $900 trillion in global wealth, about half ($450 trillion) is held as long-term capital. This is the portion that Bitcoin could potentially replace. So far, Bitcoin only holds 0.1 per cent.
3. Traditional financial and physical assets are subject to inflation, taxes, depreciation and other factors that reduce their value over time. And Bitcoin is a digital asset that is immortal, immutable and intangible. It solves the problem of capital preservation.
4. Saylor offers different strategies for investing in Bitcoin, from the diversified portfolio to the triple maxi, which invests everything in bitcoin and even takes out loans to buy it.
5. Sailor predicts that by 2045, bitcoin could be worth $13 million per coin and represent 7 per cent of the world's assets.
6. The first country to start buying Bitcoin will have a huge advantage.
7. Saylor suggests that AI and new technologies will boost the economy, but Bitcoin remains key to solving financial problems.
8. Saylor concludes that Bitcoin is the ‘cyber Manhattan’ where hundreds of trillions of dollars of capital will flow in the future.
https://www.youtube.com/watch?v=O9KnBcWMkpw