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Whale Watching
We’re seeing some rare whale activity spotted in the BTC market, with whale SOPR dipping into the negative territory in the first week of July 2021, and no clear indication of upward movement anytime soon.
The “Ripple” Effect Is Not Limited to XRP; Aave’s New Stablecoin GHO Receives Community Approval
Aave, a decentralized liquidity protocol, has received community approval to launch its own stablecoin, GHO. Read more here.
MNT Outperforms Following Upbit Listing
Today’s outperformer is MNT, which jumped 64.24% after Civic Pass enhances Solana tokens with identity-embedded permissions for expanded utility.
Fantom Partners with TaskOn; Ticketmaster Launches NFT-Gated Ticket Sales
Ticketmaster and Avenged Sevenfold have teamed up to tackle scalping, bot activity, and long wait times by introducing an Ethereum NFT token-gating feature. More here, on Daily Bits.
Are the Bears in Town
The SOPR value is currently flat, suggesting that the BTC market has yet to reach its top.
Big Dipper
Inflation rates for the world’s bellwether cryptocurrency in the months leading up to the May 2020 halving event and after that remained consistent in the 3.6% – 4.0% and 1.8% – 2.0% ranges respectively.
POKT Surges After Being Added to The Web3 Index; MetaMask Integrates With Fireblocks
ConsenSys’ Metamask is to integrate with custody provider Fireblocks. Read more here.
BTC Hash Rate Plunges; Genesis Warns of Possible Bankruptcy
Genesis Trading warns of the risk of bankruptcy after its post-FTX fundraising efforts falter. Read more here!
Golden Opportunity
China cracks the regulatory whip, crypto exchanges pull business operations out of the country one after the other, and… the market dips.
COMP Outperforms Following Leadership Shuffle and Airdrop Rumors; Vitalik Says Bitcoin Needs ZK-Rollups
Ethereum co-founder Vitalik Buterin suggested that Bitcoin needs to adopt scalable solutions like zero-knowledge rollups (ZK-rollups). Read more here.
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