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Daily #Web3 Market

19 Jun 2024: Altcoin selloff wipes out $4.9 billion in DeFi TVL

The massive selloff on June 17 caused $455 million in liquidations across assets, impacting both the altcoin market and major cryptocurrencies like Bitcoin and Ethereum. The DeFi market saw a significant drop in total value locked, plummeting from $104.123 billion to a much lower value. Read more

Long-term Bitcoin holding trends push illiquid supply higher

Recent data from Glassnode shows a renewed increase in the illiquid supply of Bitcoin since May, highlighting a strong trend towards self-custody among holders. This shift may signal substantial market changes. Read more

Original TRUMP Token Struggles With Exchange Listings as DJT Rockets

While exchanges like OKX and Kraken have been willing to list the DJT token, they have refrained from listing the TRUMP token, citing its political implications. This has led to a disparity in market performance between the two tokens. Read more

Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves

Industry experts predict that the hashrate for the Bitcoin network could flatten or decline during the North American summer due to the intense heatwaves affecting mining operations, particularly in Texas. Read more

Ether ETF's Lack of Staking Won't Dampen Strong Institutional Demand, 21Shares' Ophelia Snyder Says

Ophelia Snyder of 21Shares believes that despite the removal of staking provisions from Ether ETF applications to avoid regulatory issues, strong institutional demand for these financial products will persist. Read more

UNI Advance Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update

UNI led the gains among the CoinDesk 20, with five cryptocurrencies in the index posting losses greater than 5%, led by ICP's 19% decline. Read more

MicroStrategy Is Pioneering Bitcoin Capital Markets, Bernstein Says

Michael Saylor's firm, MicroStrategy, has developed significant institutional demand for bitcoin-linked convertibles, positioning it as a pioneer in the Bitcoin capital markets, according to Bernstein. Read more

RWA Tokenization Expands to Life Insurance with Infineo Minting $9M of Policies on Provenance Blockchain

Infineo's minting of $9 million in tokenized life insurance policies on the Provenance Blockchain marks the first instance of transferring tokenized versions of life insurance policies, signaling a new frontier in real-world asset tokenization. Read more

First Mover Americas: Crypto Majors Slide Further; SOL, DOGE Among Worst Affected

The latest price moves in Bitcoin and other major cryptocurrencies, including notable declines in SOL and DOGE, are highlighted in CoinDesk's daily newsletter, First Mover. Read more

Renzo Capitalizes on Restaking Frenzy to Raise $17M From Galaxy, Brevan Howard

Renzo has raised $17 million from Galaxy and Brevan Howard to expand its restaking services, including adding support for ERC-20 tokens. Read more

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Daily #Web3 Market

19 Jul 2024 Bitcoin Slumps Towards $63K as Speculation About Biden Dropout Intensifies Bitcoin prices are dropping towards $63,000 as speculation mounts about President Joe Biden potentially dropping

Daily #Web3 Market

18 Jul 2024 In Likely Precursor to Ether ETF Approval, Most Applicants Have Submitted Their Final Forms Spot ether exchange-traded fund (ETF) issuers have submitted their final documents needed in ord

Daily #Web3 Market

17 Jul 2024 Bitcoin Hits $65K Shaking Off Mt. Gox Payout Worries; XRP Leads Crypto Rally Bitcoin has reached $65,000, overcoming concerns about the Mt. Gox payout. XRP has been leading the crypto mark


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