Daily #Web3 Market

30 Jul 2024

Bitcoin Pulls Back Sharply After Touching $70K

Bitcoin experienced a sharp decline after briefly reaching $70,000, continuing a pattern seen over the past few months. Read more

Polymarket Whales Favor Trump as Election Betting Surges Past $400M

Polymarket has seen a surge in betting volume, exceeding $400 million, with a significant number of traders favoring Trump in the upcoming election. Read more

CoinDesk 20 Performance Update: BCH’s 21% Surge Leads Index Gain

Bitcoin Cash’s 21% surge has driven the CoinDesk 20 Index to a 3.0% gain since the last update, with Bitcoin Cash and Litecoin leading the charge. Read more

First Mover Americas: Bitcoin Rises to Nearly $70K After Trump’s BTC 2024 Speech

Bitcoin approached $70,000 following a speech by Trump at the Bitcoin 2024 conference, highlighting the cryptocurrency’s recent market moves. Read more

Bitcoin Nears $70K on Back of Trump’s Speech, Bitcoin Cash and Base Memecoins Lead Crypto Market Gains

Bitcoin surged close to $70,000 following Trump’s speech, with Bitcoin Cash and memecoins also seeing significant gains in the crypto market. Read more

COMP Down 6.7% after Supposed ‘Governance Attack’ on Compound DAO

Compound’s COMP token dropped 6.7% amid concerns of a ‘governance attack’ involving a controversial proposal to allocate $24 million to a yield-bearing protocol. Read more

Bitcoin Nashville Conference in Pictures: Orange Athena, Pink Suits, Polymarket Swag, Trump’s Song

Highlights from the Bitcoin Nashville Conference include a variety of unique sights and events, such as Polymarket swag and a song by Trump. Read more

Protocol Village: Dash Unveils New Sidechain, Monad-Based Kuru Raises $2M

Dash introduced a new sidechain, while Monad-based Kuru secured $2 million in funding, marking significant developments in blockchain technology. Read more

Ethereum supply turns inflationary as gas fees drop to record lows

Ethereum’s supply has turned inflationary as gas fees hit record lows, with the average gas fee on the mainnet now around $0.21. Read more

Ethereum ETFs see $2.2B in inflows as Bitcoin gains political backing

Ethereum ETFs have attracted $2.2 billion in inflows recently, supported by growing political backing for Bitcoin in the U.S. Read more

Bitcoin trader eyes $60K next as bears force fresh BTC price rejection

A Bitcoin trader anticipates a potential drop to $60,000 as bearish forces trigger a new wave of price rejection. Read more

Grayscale’s ETH ETF outflows could subside this week — Analyst

Grayscale’s ETH ETF has seen significant outflows, but analysts predict this trend might reverse soon. Read more

Crypto ETFs to hit ‘model portfolios’ toward year end: BlackRock

BlackRock plans to integrate crypto ETFs into model portfolios by the end of the year, reflecting increased investor demand. Read more

WisdomTree CEO: Crypto ‘is going to go mainstream’

WisdomTree CEO Jonathan Steinberg predicts that Bitcoin and other cryptocurrencies are on the verge of mainstream adoption, driven by regulatory clarity and tokenization. Read more

Price analysis 7/29: SPX, DXY, BTC, ETH, SOL, BNB, XRP, DOGE, TON, ADA

A price analysis for major cryptocurrencies and indices, including Bitcoin, Ethereum, and Solana, amid recent market fluctuations. Read more

Crypto Super PAC Fairshake takes top funding spot, beats MAGA — OpenSecrets

Crypto Super PAC Fairshake has surpassed MAGA in fundraising, highlighting the growing political influence of the crypto sector. Read more

Slovenia launches EU’s first digital sovereign bond via BNP Paribas

Slovenia has issued the EU’s first digital sovereign bond, settling €30 million through the Bank of France’s tokenized cash system. Read more

Solana beats Ethereum in weekly total fees for the first time — Research

Solana surpassed Ethereum in total weekly fees for the first time, generating $25 million compared to Ethereum’s $21 million. Read more

BTC price dips 4.5% as US gov’t Bitcoin move raises new sell-off fears

Bitcoin’s price fell 4.5% to $66,000 following a $2 billion transfer of seized BTC by the US government. Read more

Coinbase provides custody for DigitalX’s new Australian Bitcoin ETF

Coinbase is set to provide custody services for DigitalX’s new Australian Bitcoin ETF, which will be listed on the Australian Securities Exchange. Read more