2 July 2024:
VanEck’s 2024 Bitcoin outlook impresses with accurate forecasts
At the end of 2023, VanEck made 15 ambitious predictions for the digital assets market in 2024. Several of these forecasts have been impressively accurate so far. Read more
DePIN: It’s Time for Crypto to Get Real
Decentralized Physical Infrastructure Networks (DePIN) are emerging as real-world applications for crypto, offering practical and valuable use cases. Read more
Crypto Spot ETFs Will Have More Influence on Market’s Price Action: Canaccord
Canaccord Genuity reports that the introduction of crypto spot ETFs, especially Ether ETFs, will significantly impact market price action by broadening institutional interest in digital assets. Read more
Market Confidence Could Quickly Crumble, BIS Warns Indebted Nations
The Bank for International Settlements (BIS) warns that high levels of fiscal debt and premature rate cuts could lead to a swift loss of market confidence among heavily indebted nations. Read more
Abra Launches Treasury Service for Corporates That Want to Hold Crypto
Abra has introduced a new treasury service for corporates, family offices, and non-profits, providing digital asset treasury management solutions. Read more
Prime Broker Hidden Road Adds Major Crypto Exchanges, Expands Use of BlackRock’s BUIDL Token
Hidden Road has integrated with several major crypto exchanges and expanded the use of BlackRock’s BUIDL Token, enhancing its prime brokerage services. Read more
Bitcoin’s Potential Rebound May Face Resistance at $65K, OnChain Analysis Shows
On-chain analysis indicates that Bitcoin’s potential rebound might face significant resistance around the $65,000 mark due to short-term holders liquidating their positions. Read more
Bitfarms mined 21% more Bitcoin in June amid Riot takeover attempts
Bitfarms reported a 21% increase in Bitcoin production in June, amidst ongoing takeover attempts by Riot Platforms. Read more
Bitcoin hashrate drawdown reaches December 2022 levels
Bitcoin’s hashrate drawdown has reached levels last seen in December 2022, signaling potential accumulation opportunities. Read more
Ether investment products record largest outflows since 2022
Ether investment products have experienced their largest outflows since 2022, contrasting with movements in Bitcoin and other cryptocurrencies. Read more
Experts say latest SCOTUS opinions will limit SEC power over crypto
Recent U.S. Supreme Court opinions are expected to limit the SEC's power to regulate the crypto market, potentially altering enforcement strategies. Read more
EU MiCA stablecoin regulations come into effect: Law Decoded
The EU’s MiCA regulations for stablecoins have come into effect, potentially leading to the exit of non-compliant issuers and an increase in euro-backed stablecoins. Read more
Coinbase will custody digital assets for US Marshals Service
Coinbase has been selected by the US Marshals Service to provide custody and advanced trading services for large-cap digital assets. Read more
Dogwifhat jumps 16% — WIF price eyes more gains as Solana ETF hype grows
Dogwifhat (WIF) has surged 16% as hype around a potential Solana ETF grows, with the memecoin entering a breakout stage. Read more
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