Bitcoin ETFs saw their biggest day of net inflows in over a month, raking in $295M on July 8.
https://farside.co.uk/?p=997
Exchanges send $163 million worth of bitcoin back to German government
Germany had received 2,898 bitcoin, or about $163 million, primarily from Coinbase, Kraken and Bitstamp, according to Arkham Intelligence data.
https://www.theblock.co/post/304085/exchanges-send-163-million-worth-of-bitcoin-back-to-german-government
https://platform.arkhamintelligence.com/explorer/entity/germany
All spot Ethereum ETF applicants filed updated S-1's:
• Fidelity
• VanEck
• Franklin
• 21Shares
• Grayscale
• BlackRock
https://x.com/watcherguru/status/1810427112253256158
AI startup Hebbia has raised $130 million in a funding round.
The financing was led by Andreessen Horowitz, with participation from Index Ventures, Google Ventures and billionaire tech investor Peter Thiel.
The New York-based company is now valued at roughly $700 million, according to a person familiar with the matter, who spoke on condition of anonymity to discuss private information.
https://www.bloomberg.com/news/articles/2024-07-08/hebbia-raises-130-million-for-ai-that-helps-firms-answer-complex-questions
The German Government has sent an additional 8100 BTC ($463.2M) to exchanges and market makers since the previous update - including $200M sent to Flow Traders.
They currently hold 28,988 BTC ($1.66B).
https://x.com/arkhamintel/status/1810315954431176898
💧 New Coins in ✨Accumulation Phase Backed by Top Tier VCs
👉 https://dropstab.com/tab/accumulation-with-top-funds-sr3wocefnz
Golem, a project that raised 820,000 ETH in ICO in 2016, has transferred 36,000 ETH to Binance, Coinbase, Bitfinex, etc. in the past 37 days, worth about $115 million.
Currently, Golem still has 231,400 ETH, worth about $656 million.
https://x.com/wublockchain/status/1810148153087173023
Tether is working on decentralized AI models
https://x.com/paoloardoino/status/1809690415895048259
The crypto market is down
BTC Dominance - 53.29%
Market Cap - $2.04T
BTC - $55,134.81 (-4.74%)
ETH - $2,878.88 (-5.45%)
BNB - $487.5 (-5.79%)
ZRO - $3.82 (-5.11%)
ZK - $0.1472 (-9.01%)
STRK - $0.54 (-2.9%)
W - $0.2722 (-4.27%)
https://dropstab.com
Solana's fees and revenue experienced significant growth in the second quarter, generating over $26M, a more than 42x increase YoY.
The total SOL trading volume reached $292B, nearly 7x higher compared to the same period last year.
https://x.com/coin98analytics/status/1809609219131470221
The crypto market is growing
BTC Dominance - 53.25%
Market Cap - $2.15T
BTC - $57,953.01 (+2.84%)
ETH - $3,049.02 (+2.46%)
BNB - $518.7 (+3.04%)
ZRO - $4.09 (-0.45%)
ZK - $0.163 (+3.95%)
STRK - $0.559 (+9.47%)
W - $0.2852 (+12.46%)
ARB - $0.692 (+11.65%)
https://dropstab.com
The snapshot for Zircuit Points earned from Season 1 (staking and previous campaigns) will be taken July 7th.
Season 2 will start on July 8th.
https://x.com/zircuitl2/status/1809255933341487113
The crypto market is growing
BTC Dominance - 53.33%
Market Cap - $2.08T
BTC - $56,160.81 (+3.22%)
ETH - $2,967.41 (+2.47%)
BNB - $500.8 (+5.31%)
ZRO - $4 (+36.99%)
ZK - $0.1553 (+10.57%)
STRK - $0.508 (+2.8%)
W - $0.2528 (-0.46%)
ARB - $0.6181 (+1.68%)
https://dropstab.com
💧 Top Blockchains with Upcoming TGE in Q3 by Total Funds Raised
👉 https://dropstab.com/tab/blockchains-with-tge-in-q3-kptaduh7m3
EGLD is now integrated into SafePal, the crypto wallet suite used by over 13 million people worldwide, giving them direct access to the MultiversX economy via SafePal’s hardware and mobile wallets, with browser extension support soon to follow.
https://multiversx.com/blog/egld-safepal-integration
https://x.com/MultiversX/status/1809150690347856182
The Fear and Greed Index fell to 27 - the lowest in a year and a half
https://dropstab.com/
BlackRock tokenized treasury fund BUIDL reaches $500M
Ondo Finance bought more BUIDL, which it uses as a backing asset for its OUSG token.
BUIDL’s price is pegged 1:1 with the U.S. dollar and pays daily accrued dividends directly to investors each month.
https://cointelegraph.com/news/blackrock-tokenized-treasury-fund-buidl-reaches-500-million
Vaneck announces the first 19b-4 filling for the first Solana ETF in the U.S.
Quickly afterward, 21Shares filed for their SOL ETF.
https://x.com/cointelegraph/status/1810414904719122468
The crypto market is growing
BTC Dominance - 53%
Market Cap - $2.12T
BTC - $57,006.14 (+3.18%)
ETH - $3,053.42 (+5.66%)
BNB - $512 (+4.55%)
ZRO - $3.77 (-1%)
ZK - $0.148 (-0.04%)
STRK - $0.591 (+8.78%)
W - $0.2835 (+4.08%)
https://dropstab.com
VanEck and Grayscale officially file S-1 for their Spot Ethereum ETFs
https://x.com/EricBalchunas/status/1810331280006861268
Bybit Pre-Market unveils Hamster Kombat (HMSTR)
Pre-Market trading for HMSTR: on Jul 8, 2024, 10:00 UTC.
https://announcements.bybit.com/en/article/bybit-pre-market-unveils-hamster-kombat-hmstr-trade-hmstr-ahead-of-the-crowd-blt70ce51ba4c8b2e14/
Matrixport: SEC Will Likely Approve ETH ETF This Week
https://x.com/Matrixport_EN/status/1810211157627838681
Andrew Kang: „I believe 98%+ of altcoins topped for the cycle except for maybe a handful of coins that may make some new highs in Q4 2024/Q1 2025.”
https://x.com/Rewkang/status/1809945353741062473
Messari CEO: “I've declared independence from the SEC and its corrupt Chair Gary Gensler.
In the months ahead, Messari will be operationalizing a war against this illegitimate and corrupt agency.”
https://x.com/twobitidiot/status/1809891240525144567
US House to vote next week on overriding President Biden's veto of SAB 121
SAB 121 requires firms that custody crypto to record customer crypto holdings as liabilities on their balance sheets.
https://www.theblock.co/post/303779/us-house-to-vote-next-week-on-overriding-president-bidens-veto-of-sab-121
Layer3 has introduced its tokenomics
▫️Total supply: 3,333,333,333 L3
▫️51% of the total L3 supply is reserved for the community, over a 4 year-period
▫️200,000,000 L3 (6%) is the OG & S1 airdrop
▫️50,000,000 (1.5%) is the S2 allocation
▫️This entire allocation is unlocked at TGE
▫️ 25% is the initial budget allocated by the Foundation to planned airdrops and incentives
▫️The remaining 26% will go to the community and governed by the DAO and Foundation to be allocated to future airdrops, incentives, and ecosystem initiatives over time
https://docs.layer3foundation.org/tokenomics
Trezor Keep Metal 20-word is now in stock
https://x.com/trezor/status/1809224150977802315
Mt Gox creditors may have to wait for up to three months to receive their bitcoin
Kraken is given 90 days to process payouts, while Bitstamp may take up to 60 days. BitGo will have payouts visible within 20 days. SBI VC Trade and Bitbank will both complete payouts within 14 days.
https://www.theblock.co/post/303624/mt-gox-creditors-may-have-to-wait-for-up-to-three-months-to-receive-their-bitcoin
💧Current state of the market in our weekly overview
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