📈 The crypto industry is now at the beginning of a major growth phase
Recent Architect Partners Q2 2024 M&A and Financing Report highlights why they have confidence in this statement.
Highlights include:
▪️ As the second quarter of 2024 ends, crypto winter is past. Crypto, as an industry, is now in a far better place than two years ago;
▪️ Crypto has surpassed the Internet. For the first time in history, the total value created by the crypto industry has now exceeded the pace of the internet;
▪️ The announced transaction value in Q2 2024 exceeds the combined value from the past eight quarters, at $2.7B, a crypto sector record high;
▪️ Seed and early-stage financings remain active and comprise the majority of transaction count and capital committed;
▪️ Public companies are increasingly active.
❗️ Among the 25 largest American hedge funds, more than half are now exposed to Bitcoin ETFs.
Читать полностью…NFT sales fell 44% as crypto dipped
A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of non-fungible tokens (NFTs) in Q2, according Apollo Crypto’s investment chief.
Data from CryptoSlam shows NFT sales fell from $4.14 billion in Q1 to $2.32 billion in Q2 as part of a broader market downfall.
📉 Bitcoin social sentiment decline may signal market bottom
Data from crypto analytics firm Santiment shows that bullish Bitcoin remarks across social media platforms such as X, Reddit, Telegram, 4Chan and BitcoinTalk have dropped significantly over the past few weeks.
Santiment said the decline in trader euphoria around Bitcoin is a potential bottom signal.
What do you think? 🧐
Income tax are highers compared to capital taxes... I think the income tax is involved when you trade and have frequent income during year, right?
Читать полностью…#DailyCryptoNews
💼 Top crypto news for Tuesday, June 25
📌 Bybit surpasses Coinbase in market share after Binance's decline.
📌 German gov’t offloads 900 Bitcoin, 400 BTC sent to Coinbase and Kraken.
📌 New Solana feature allows crypto transactions on any website.
📌 54% of institutional investors in Japan plan to invest in crypto.
Bullish or bearish news overall?
👍 - Bullish
👎 - Bearish
🤔 - Neutral
RWA platform Swarm Markets to offer tokenized gold via NFTs
Berlin-based Swarm Markets is planning to let individuals purchase NFTs that represent ownership of physical gold, according to a release shared with the block. The gold bars undergirding the tokenized assets will be held in a London-based Brink’s vault.
Users will be able to swap the NFTs on a peer-to-peer basis via Swarm's decentralized over-the-counter platform after passing KYC and AML processes.
#DailyCryptoNews
💼 Top crypto news for Tuesday, July 2
📌 Tether signs MoU to promote crypto freedom in Turkey.
📌 Robinhood is now available In Hawaii and select U.S. territories.
📌 Paxos gains approval for Singapore stablecoin launch with DBS partnership.
📌 Bahamas wants to force banks to support its Sand Dollar CBDC.
Bullish or bearish news overall?
👍 - Bullish
👎 - Bearish
🤔 - Neutral
At the moment am doing art, staked Metis , you received apy, airdrops, and ico allocations for the upcoming art token did a few others recently all for the Metis ecosystem mostly
Читать полностью…Bitcoin іs a superior safe-haven in current 'Inflationary Era'
Arthur Hayes explained the historical economic cycles and their implications for the current market environment in his latest blog post, arguing that the present economic landscape is characterized by a local cycle of inflation.
That makes Bitcoin a superior safe-haven asset compared to gold due to its independence from national control.
#DailyCryptoNews
💼 Top crypto news for Monday, July 1
📌 Coinbase will custody digital assets for US Marshals Service.
📌 Philippines adopts Tether’s USDT for social security payments.
📌 Hawaii crypto firms no longer need MT license, regulator rules.
📌 German, US gov‘ts move $150M in crypto.
📌 Sony subsidiary rebrands to S.BLOX, expands crypto trading.
Bullish or bearish news overall?
👍 - Bullish
👎 - Bearish
🤔 - Neutral
Bitcoin and Ethereum are the most profitable assets for the first half of 2024 - Matrixport
BTC and ETH have surpassed Nasdaq, S&P 500, oil, gold, USD, government bonds, etc. in profitability.
#DailyCryptoNews
💼 Top crypto news for Friday, June 28
📌 Bolivia lifts ban on Bitcoin, authorizes crypto transactions via banks.
📌 Coinbase global adviser to join President Biden’s reelection campaign.
📌 Curve Finance adopts crvUSD for fee distribution.
📌 Coinbase and payment processor Stripe form partnership for onboarding.
Bullish or bearish news overall?
👍 - Bullish
👎 - Bearish
🤔 - Neutral
🤯 $573M lost to crypto scams and hacks in Q2
Immunefi’s latest report reveals crypto hacks and scams are spreading like wildfire. After clocking over $300 million during the first quarter, crypto losses accelerate even further in Q2.
Key takeaways:
▪️The 2 major exploits of the quarter totaled $360,000,000 alone, accounting for 62.8% of all losses in Q2 2024.
▪️In Q2 2024, hacks continued to be the predominant cause of losses at 98.5% in comparison to fraud, which accounted for only 1.5% of the total
losses.
▪️CeFi was the main target of successful exploits at 70% as compared to DeFi at 30% of the total losses.
▪️The two most targeted chains in Q2 2024 were Ethereum and BNB Chain. Ethereum suffered the most individual attacks with 34 incidents,
followed by BNB Chain with 18 incidents, and Arbitrum with 4 incidents.
▪️In total, $26,736,000 has been recovered from stolen funds in 4 specific situations. This number makes up 5% of the total losses in Q2 2024.
#DailyCryptoNews
💼 Top crypto news for Thursday, June 27
📌 Coinbase sues SEC, FDIC over FOIA noncompliance.
📌 Binance enforces stricter measures against account misuse.
📌 Nigerian blockchain group calls for fair resolution in Binance case.
📌 US gov’t sends 3,940 Bitcoin to Coinbase exchange.
📌 Satoshi era Bitcoin wallet wakes up after 14 years, sends 50 BTC to Binance.
Bullish or bearish news overall?
👍 - Bullish
👎 - Bearish
🤔 - Neutral
Crypto losses to deep fakes could reach $25B in 2024
Bitget noted a 245% increase in the number of deep fakes worldwide in 2024 in a June 27 report.
The crypto exchange found that China, Germany, Ukraine, the United States, Vietnam and the United Kingdom had the most deep fakes detected in the first quarter of 2024, while the crypto industry saw a 217% gain compared to Q1 2023.
$mkr or Maker is 7% green while others red! Fundamentally, Do you think it's bcuz many are locking their assets to borrow money at this level or it's something else?
Читать полностью…For the UK that's income tax on crypto and you'll pay between 20%-45%. Capital gains tax is only 10% if you earned under £50,000 and 20% if you earned over that
Читать полностью…#DailyCryptoNews
💼 Top crypto news for Wednesday, June 26
📌 Bitstamp drops Euro Tether amid new MiCA rules.
📌 PancakeSwap launches AI-powered prediction market on Arbitrum.
📌 UAE regulations may lead to crypto payment ban.
📌 Metallica’s X account hacked to promote crypto token.
Bullish or bearish news overall?
👍 - Bullish
👎 - Bearish
🤔 - Neutral
🧐Memecoins became the most profitable sector
Memecoins have been the most profitable sector in 2024 so far, with the highest average return rate reaching 2405.1%.
It is 8.6x that of the second most profitable sector, RWA, and 542.5x that of the least profitable DeFi sector.
📂 Bybit has released its Q2 Asset Allocation report, which covers the period from December 2023 to May 2024.
▪️According to the report, as of May 2024, BTC remains the largest single asset held by all users, accounting for 26% of users' total assets in this leading crypto.
▪️The data also reveals a declining trend in stablecoin holdings for all users, decreasing from 50.2% in December to 42.8% in May. Excluding stablecoins, 61% of users' crypto investments are allocated to BTC and ETH.
▪️Similar to institutions, retail traders continue to show a preference for BTC over ETH, despite renewed optimism for ETH Spot ETFs.
▪️However, institutional positions in BTC and ETH have become more concentrated compared to those of retail traders, with holdings of 39.4% and 20.9% respectively, as of May.
Water is a high risk high reward meme, have a look guys from same team as Beer i think, sorry short of time to give you more DYOR and good luck just bought a small amount
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