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Daily #Web3 Market

28 Jun 2024:

Bitcoin volatility sees futures slump, while options open interest spikes

Bitcoin’s volatility this week impacted the derivatives market. Between June 23 and June 27, Bitcoin dropped from $64,000 to $60,000, briefly dipping below before recovering. This volatility caused a slump in Bitcoin futures while options open interest spiked. Read more

Bitcoin profitable on 4,954 days since inception, 97.9% of its history

Bitcoin has been profitable on 4,954 out of 5,060 days since its inception, according to Glassnode data. This indicates strong long-term value retention, with a high percentage of profitable holding days throughout Bitcoin’s history. Read more

Crypto for Advisors: Decoding the Ether ETF Filings

The potential launch of a spot Ether ETF has carried on the excitement from the spot Bitcoin ETF launch earlier this year. This article explores the implications and details of the Ether ETF filings for financial advisors and investors. Read more

VanEck Files for Solana ETF, SOL Rises 8%

VanEck has filed for the first Solana ETF in the U.S., following a similar filing in Canada. The announcement caused Solana (SOL) to rise by 8%. Read more

Protocol Village: Crypto Losses From Hacks, Rug Pulls Doubled to $572M in Q2: Immunefi Report

Immunefi’s report reveals that crypto losses from hacks and rug pulls have doubled in Q2 2024, reaching $572 million. The report details various incidents and the overall impact on the blockchain industry. Read more

Solana ETFs and Huge SOL Gains a Real Possibility Under Trump, Major Crypto Trader Says

A major crypto trader suggests that Solana ETFs and significant SOL gains are possible under a Trump presidency, highlighting the potential regulatory changes that could benefit Solana. Read more

First Mover Americas: BTC’s Recovery Stalls as Dollar Rallies

Bitcoin’s recovery has stalled as the U.S. dollar rallies, impacting the broader crypto market. This update covers the latest price movements and market context for June 27, 2024. Read more

Decentralized Exchange Bluefin to Roll Out Token After Securing $17M in Total Funding

Bluefin, a decentralized exchange, plans to launch its token following $17 million in total funding. The exchange has seen significant trading volume and revenue since its inception. Read more

Ether Spot ETFs Could See $5B of Net Inflows in the First Five Months: Galaxy

Galaxy predicts that Ether spot ETFs could attract $5 billion in net inflows within the first five months, emphasizing Ether’s price sensitivity due to a large amount of ETH locked up. Read more

Bitcoin Falls After U.S. Sends $240M Worth of Silk Road-Related BTC to Coinbase

Bitcoin’s price fell after the U.S. transferred $240 million worth of Silk Road-related BTC to Coinbase, causing market concerns over potential selling pressure. Read more

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