As a result of the price uptick, Marketcap hiked 18.8% to $1.47 billion, while trading volume rose 95% to $465 million. Typically, when market cap and volume surge in tandem, it reflects strong capital inflow. But in this case, it might just be a lot of hot air. 🌬️
According to the documents, the USMS has a measly 28,988.35643016 BTC, valued at a paltry $1.6 billion, based on their outdated estimate of $56,000 per coin. Meanwhile, the market is trading at a whopping $119,000 per coin – more than double that! 🚀
Once upon a time, Web3 was like a fine whiskey—only the connoisseurs could partake. But lo and behold, on a rather ordinary Thursday, June 17, the illustrious Layer 1 network Sonic (S) revealed Spark, a contraption so clever it allows anyone—yes, even your dog—to whip up Web3 applications without breaking a sweat or touching a single line of that arcane code. Claiming they can conjure all manner of DeFi protocols, NFT marketplaces, and who knows what else, Sonic sure knows how to spin a yarn!
A new bill, because what’s France without a few more bureaucratic hurdles, outlines a five-year test program aimed at utilizing the excess energy from nuclear plants to fuel the crypto mining craze. And we’re not talking about a few spare kilowatts here – we’re talking about a full gigawatt of juice, capable of generating a whopping $150 million annually. 💸
According to a Wednesday SEC filing, the regulator will take more time to decide whether to allow in-kind redemptions on NYSE Arca for Bitwise’s Bitcoin (BTC) and Ether (ETH) spot ETFs. The time limit for the decision was extended, but the underlying limit remains “45 days, extendable to no more than 90.”
The report highlights that a growing share of stolen funds comes from personal wallet breaches. Moreover, the use of physical violence against crypto holders has also increased this year. 😱
But the story doesn’t end there. The surge is also fueled by the ever-growing institutional support, with partnerships with giants like SWIFT, Google Cloud, and the favorable winds of U.S. crypto policy developments. So, are you thinking of stacking some LINK? If so, this Chainlink Price Analysis is your ticket to navigating the choppy waters of the crypto market. 🛤️
The CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act have all been advanced through the U.S. House of Representatives, after President Trump met with and gained the support of several key Republican detractors of the bills.
Just take a gander at the graph above, which tells a tale of XRP’s magnificent ascent. The poor thing had dipped below $2 at the end of June, during the gloomy days of the Israel-Iran conflict. But fear not, for it quickly bounced back to the cozy range of $2.2 to $2.3, where it had been snuggling for the past few months.
New Bitcoin market entrants have accumulated 140,000 BTC in July so far, Glassnode data shows.
