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The native token for the popular Ethereum scaling network was up 12% in July as of Tuesday afternoon. MATIC’s comparatively strong performance could stem from speculation about a major network update, Polygon 2.0.
The update is labeled a “vision for unlimited scalability and unified liquidity, powered by Zero-Knowledge technology,” per the project’s roadmap.
More info: https://tinyurl.com/mr3cmv4a
Around 9,800 bitcoin tied to the Silk Road is on the move, according to two unconfirmed transactions.
In March, the U.S. government sold 9,861 bitcoin and said it planned to sell the remaining bitcoin in four more batches throughout the year. The government has around 41,490 bitcoin left from the funds it seized in the Zhong case.
More info: https://tinyurl.com/2vaum77v
Even though billionaire investor and venture capitalist Tim Draper was clearly wrong when he predicted bitcoin (BTC) would reach $250,000 in June 2023, he said he still believes that it will happen eventually, maybe in 2025.
More info: https://tinyurl.com/3wj9bn8a
Rohit Sipahimalani, chief investment officer of the Singapore sovereign fund, told CNBC it’s difficult to invest in crypto firms amid regulatory uncertainty. Temasek suffered $275 million in losses on its investment in FTX.
Temasek Holdings, Singapore’s state investment fund with a portfolio worth $286 billion.
More info: https://tinyurl.com/2chx5urt
Santiment recently shared an insightful update revealing a notable decrease in gas fees. The accompanying chart vividly displayed the fluctuating nature of these fees, illustrating a surge to over $7 around 5 July, followed by a subsequent decline.
More info: https://tinyurl.com/3vhfnpxk
According to on-chain analyst and researcher Tom Dunleavy, a total of 2% APT tokens are set to be unlocked tomorrow. In monetary terms, these potential tokens set to be unlocked are worth a total of $32 million.
More info: https://tinyurl.com/5n8j897y
Large holders of the native token of the XRP Ledger, $XRP, colloquially known as whales in the cryptocurrency space, have reportedly amassed a staggering 1.1 billion XRP, equivalent to roughly $570 million, since February.
More info: https://tinyurl.com/4cp72sda
The share price of software firm Microstrategy increased by 7% following a recent projection by Berenberg. The investment bank believes that next year’s Bitcoin halving could trigger a rally in Microstategy’s stock (MSTR). Berenburg’s current MSTR price target is $430, which would be an 18-month high.
More info: https://tinyurl.com/pebnrze8
Grayscale Investments has called out the SEC for approving Bitcoin futures ETFs over spot Bitcoin ETFs.
The DCG subsidiary recently penned a letter to a Columbia court to highlight the SEC’s unequal treatment of BTC-based ETFs.
More info: https://tinyurl.com/5n7sayvf
In a recent interview with CNBC, former SEC Chairman Jay Clayton shared his perspective on the evolving regulatory landscape for Bitcoin ETFs.
On the subject of Bitcoin ETFs, Clayton said he thought it would be "hard to resist" approving a Bitcoin ETF if regulatory safeguards were in place, mirroring those in the futures market. "What the institutions are arguing is those distinctions have gone away and now the spot product is less drag, more efficient for the investors," he explained.
More info: https://tinyurl.com/29accuca
Binance announced that Arkham (ARKM) will become its 32nd token sale project on its launchpad platform.
The Arkham token sale, set to take place on Binance Launchpad, has a total hard cap of $2.5 million. Each user is capped at $15,000, equivalent to 300,000 ARKM tokens. The total token supply for Arkham is 1 billion ARKM, out of which Binance Launchpad has been allocated 50 million. This allocation accounts for 5% of the total supply.
Starting from July 11 at 00:00 UTC, Binance will begin a six-day monitoring period to record users’ BNB balances. The final BNB holdings for each user will be calculated as the average of their balances throughout these six days.
Following this, subscriptions will open for eligible users on July 17, lasting for 24 hours, during which its users can commit their BNB on the exchange.
More info: https://tinyurl.com/2nz7wfj6
Democratic presidential candidate Robert F. Kennedy Jr. owns up to $250,000 in Bitcoin, in contrast to his previous claim that he was not an investor in the leading cryptocurrency. A record obtained by CNBC shows Kennedy Jr. owned between $100,001 and $250,000 worth of Bitcoin at the end of June.
More info: https://tinyurl.com/b9uc9za4
New court documents reveal that the U.S. Securities and Exchange Commission (SEC) believes Coinbase was aware that it was potentially violating securities laws prior to the regulator’s lawsuit against the crypto exchange.
More info: https://tinyurl.com/87eapphw
The Wall Street Journal reports that Binance already terminated dozens of its employees last week, some of whom were told their jobs were redundant while others were let go without any reason at all.
More info: https://tinyurl.com/mwa6kupd
MetaMask said the new update, dubbed v10.33, now makes the wallet possess a cleaner layout and more intuitive site connections, network and account selection, all designed to make interactions in Web3 relatively easier.
More info: https://tinyurl.com/pv5324tm
The U.S. Securities and Exchange Commission (SEC) is expanding its regulatory scrutiny beyond major cryptocurrency projects and toward smaller entities within the decentralized finance (DeFi) space. Recently, BarnBridge DAO, a relatively small DeFi project, announced that it was under investigation by the SEC.
More info: https://tinyurl.com/mrwt5edd
Multichain has warned its users to refrain from using its services. The outflow involved a significant number of crypto assets moving to various third-party wallets from Multichain’s bridge deployments on Fantom and Dogechain. $126 million worth of assets were mysteriously transferred from the bridge platform to unknown wallets.
More info: https://tinyurl.com/mrx3masm
One milestone that stands as a prerequisite to the v4 launch is the completion of the much-anticipated Cancun upgrade of the Ethereum platform, currently earmarked to conclude by the end of September.
Following the Cancun upgrade, a security audit remains a stage in the process. This stage isn’t a minor formality but an evaluation that ensures the new protocol is secure. Such an audit, Koen explained, can span up to four months.
More info: https://tinyurl.com/mum2w7cc