Daily Bits

Monday Blues

The behaviors of long-term and short-term holders are useful in identifying market cycles and local tops and bottoms.

Hood Up

The percentage of revenue decline pretty much sums up the crypto market in June.

STH MVRV Crossover Hints Potential Bottom; Ethereum Core Developers Back EIP-4844

Ethereum developers are working towards including EIP-4844, a highly-anticipated scaling proposal, in a future mainnet upgrade. Read more here.

Apple’s Rumored VR/AR Headset Causes RNDR to Rally; Asymmetry Finance Enters Liquid Ethereum Staking With $3M Seed Funding

Key Bullish Trendline Forming on Hourly BTC Chart; SEC Approves ETF

The approval of Teucrium's BTC futures ETF under the 33 & 34 Act marks a huge step forward for the crypto space at large. Read on here.

UNI Surges After Teasing V4 Launch; Snoop Dogg Releases NFT Passport Tied to His Upcoming Concert Tour

Snoop Dogg’s NFT Tour Pass lets fans “travel the world” with him virtually. Read more here.

BTC On-Chain Demand Elevates Near $20k; Aptos Raises $150M in New Funding Round

AptosLabs, a blockchain firm founded by former Meta employees, has recently closed a $150 million funding round led by #FTX Ventures and Jump #Crypto.

BTC Sees Record Capital Outflows; Voyager Issues Default Notice to 3AC

Crypto broker Voyager has issued a notice of default to one of the most prominent hedge funds in the industry. Find out more here.

Throwing Shade

U.S. Federal Reserve Chair Jerome Powell’s dressing down of inflationary angst on Wednesday didn’t do the trick.

On-Chain Signs Suggest BTC Supply Squeeze; ECON Passes Crypto Assets Legislation

The much-anticipated MiCA that is aimed at fostering an innovation-friendly environment for crypto has been passed. Read on here.