After hitting a four-year low, XRP (XRP) appears on the brink of a comeback against the Bitcoin (BTC) trading pair. Fueling this optimistic turnaround is the emergence of a classic bullish pattern, namely the triple bottom formation.

XRP eyes a 30% rebound versus Bitcoin

A triple bottom pattern develops when the price forms three distinct lows, all reaching a similar price level, thus indicating strong support.

After the third low, the price breaks above the neckline resistance level formed between the lows and, as a rule of technical analysis, rises by as much as the maximum distance between the pattern’s lowest point and the neckline.

As of July 12, the  XRP/BTC pair was testing its neckline support of around 793 satoshis (1 satoshi = 0.00000001 BTC) for a potential breakout.

Additionally, the pair’s weekly Relative Strength Index (RSI) reading of around 36 indicates that XRP is undervalued versus Bitcoin, further boosting its recovery potential in the coming weeks. That said, a decisive close above 793 satoshis will likely push XRP/BTC toward its triple bottom target of around 1,055 satoshis.

Conversely, a pullback from the neckline resistance, akin to similar retreats in recent history, risks pushing XRP/BTC toward its local bottom of 664 satoshis—down by over 15% from the current prices—by August.

Bitcoin’s 20% drawdown benefiting XRP price

XRP’s renewed strength versus Bitcoin primarily comes in the wake of the German government’s relentless selling of its BTC holdings in July. For context, the wallets associated with the government have witnessed 46,200 BTC in outflows since mid-June, amounting to around $2.69 billion worth of potential sell-pressure.  

Furthermore, the ongoing reimbursement of over 140,000 BTC to Mt. Gox creditors has reduced traders’ appetite for Bitcoin with the XRP/BTC pair up over 20% in July.

Related: Buying the dip? Bitcoin institutional investors add 100K BTC in a week

Bitcoin dominance overall has slipped to 54.55% on July 12 from highs of 55.46% a week ago, suggesting that traders could be rotating into altcoins while the BTC price consolidation period plays out. 

Looking broadly, XRP is relatively underbought versus most of the top-ranking crypto assets so far in 2024, with its year-to-date returns sitting around -26.50%.

The weekly Relative Strength Index (RSI) for XRP/BTC is rebounding after hitting its lowest level in two years at around 33, just three points above the oversold threshold. Historically, when XRP’s weekly RSI last reached 33, it was followed by an impressive 194% rally, suggesting a potential for significant upward movement this time as well.

In comparison, BTC’s weekly relative strength is in a correction mode, having declined from a very overbought level of 88 in March to a neutral level of 45.50 as of July 12.

This decline indicates that Bitcoin’s bullish momentum has significantly weakened in the past two months, which may benefit “underbought” big-cap altcoins like XRP in the coming weeks. XRP may reap additional benefits from the growing buzz around its “inevitable” exchange-traded fund (ETF) launch. 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

• Criminals are increasingly using crypto
• Non-crypto-related criminals use it to launder money
• Most criminals use centralized exchanges to cash out. 

Crypto has redefined digital transactions, offering privacy and freedom from intermediaries like never before. However, since its inception, criminals have used these features to evade authorities.

Most recently, as crypto has grown in popularity, criminals are using it more often to launder money from illegal sources. This is making regulators scramble to crack down on this new financial loophole. 

Crypto Increasingly Used in Crime for Money Laundering 

As crypto is becoming more popular, so are its illicit uses. On Thursday, July 11, Chainalysis released a comprehensive report about the increased use of crypto for money laundering. 

Criminals are using its borderless nature to obscure the origins of their illicit funds. Since 2019, nearly $100 billion has been sent from known illicit wallets to conversion services, with $30 billion recorded in 2022 alone.

The trend is not just limited to crypto-native criminals, like crypto hackers or scammers. According to Chainalysis, even criminals from outside crypto are now using sophisticated techniques for money laundering. 

How Crypto Money Laundering Works

The key phase of money laundering is called layering. This means moving funds through long transactions to obscure their origins. This process uses mixers, cross-chain bridges, and intermediary wallets, all of which make transactions harder to trace. 

Crypto mixers, originally intended as a privacy-protecting tool, have seen significant growth from 2023 to 2024. According to Chainalysis, this growth is at least in part due to their criminal use. This includes the popular Tornado Cash mixer, which saw a notable decline after US authorities shut down its website in 2022. Now, the decentralized Tornado Cash protocol is recovering. 

After that step, criminals often transfer these assets through cross-chain bridges, further obfuscating their origins. In January 2024 alone, nearly $234 million in illicit funds were moved through these bridges, driven largely by transfers from mixers like Tornado Cash.

The final step is to convert the laundered crypto to cash. According to Chainalysis, the most popular method for this is using centralized crypto exchanges. Over 50% of the illegal transactions they uncovered made their way to centralized exchanges. 

Criminals Also Use OTC, Monero

Other than centralized exchanges, criminals also use over-the-counter (OTC) brokers. These intermediaries facilitate large trades between two parties. While most operate legitimately, some require no Know Your Customer (KYC) procedures, making them attractive to criminals. 

According to the report, in 2024, cybersecurity firm Cloudburst identified several China-based OTCs operating through Telegram channels. These OTCs facilitated the movement of large amounts of stolen USDT, with daily transfers exceeding three million USDT.

Many criminals also use the privacy coin Monero (XMR), which has sophisticated features such as ring signatures, stealth addresses, and more. These make it extremely difficult to trace transactions on the Monero blockchain. Even terrorist-affiliated entities, including those linked to the Islamic State in Khorasan, advertise Monero donation addresses.

In response to these criminal activities, regulators worldwide are taking steps to strengthen AML and KYC procedures. Notable examples include the European Union’s Fifth Anti-Money Laundering Directive (5AMLD), which extends AML requirements to Virtual Asset Service Providers (VASPs). The United States, Singapore, the UK, and others are taking similar measures. 

On the Flipside

• Criminals are always looking for new techniques to hide their activities, so regulators must continue to innovate to stay ahead. 
• There is also a risk of regulatory overreach, where stringent measures may stifle innovation within the crypto industry.

Why This Matters

Crypto’s association with criminal activity hurts the industry, especially when it comes to regulation. Ensuring that the technology is available for legitimate use requires that protocols deter criminals in some way. 

Read more about how DEX can become competitive: 
DEX Issues Plague Solana, but There’s a Fix: Stabble CEO

Read more about privacy and compliance: 
Unpacking Privacy Pools: Can They Ensure Compliance? 

Dogwifhat’s price appears to be emerging from its consolidation phase, indicating a possible upward trend, according to the most recent crypto updates. Meanwhile, Marathon Digital expands its operations to include Kaspa mining, a strategic move following challenges from the Bitcoin halving. 

Moving forward, we delve into BlockDAG‘s recent developments: its presale successfully raised over $57.6 million from selling over 12 billion coins. This strong support positions BDAG as a top cryptocurrency for purchase and mining, with a notable performer being the X100, generating impressive figures to be discussed in detail.

Dogwifhat Price Poised for Significant Growth

The outlook for Dogwifhat’s price is highly optimistic following its recovery from a consolidation phase. Analysts predict a robust upward trajectory, potentially pushing Dogwifhat beyond its previous peak. 

Technical analysis suggests substantial gains in July, offering considerable profit potential for current investors. CoinCodex supports this bullish sentiment, projecting significant growth for Dogwifhat by the end of July. This momentum underscores its history of explosive growth, presenting an attractive opportunity for market followers.

Marathon Digital Expands Kaspa Mining Operations

Marathon Digital strategically diversifies its revenue streams by integrating Kaspa mining into its operations, responding to challenges posed by the Bitcoin halving. Kaspa utilises the GHOSTDAG protocol for concurrent block mining, offering faster transaction speeds and increased block rewards compared to Bitcoin. 

This strategic shift leverages Marathon’s infrastructure and computational expertise in digital assets, aiming for robust profitability with substantial margins from Kaspa ASICs. Currently operational in Texas, Marathon plans to expand its Kaspa ASICs further by Q3 2024, emphasising its commitment to expanding mining capabilities beyond Bitcoin.

BlockDAG’s X100 Miner Maximises Returns

The recent surge in BlockDAG miner sales, contributing $3.6 million in revenue and distributing over 8,700 units, highlights growing enthusiasm for the X100’s capabilities. This surge follows BlockDAG’s successful presale, raising $57.6 million from selling over 12 billion coins, reflecting community confidence in the network’s value and positioning BDAG as a top new cryptocurrency. 

The X100 miner stands out with advanced specifications, boasting a hash rate of 2 TH/s and a power consumption of 1800 watts. Designed for both individual miners and large-scale operations, it can efficiently mine up to 2,000 BDAG coins daily, potentially earning $100 daily at the initial mainnet launch price of $0.05 per coin.

With a projected price of $20 per BDAG by 2027, daily earnings for X100 users could reach $40,000, showcasing its substantial income potential. Equipped with advanced ASIC technology, the X100 emphasises computational power, energy efficiency, and profitability. Its scalable design enables miners to adapt to evolving market conditions, making it a robust investment for serious crypto-mining enthusiasts.

BlockDAG’s X100 Transforms Investors into Millionaires

Amid positive forecasts for Dogwifhat’s price and Marathon’s expansion into Kaspa mining, BlockDAG solidifies its position as a top cryptocurrency to acquire. With the X100 miner’s impressive profit potential, BlockDAG revolutionises crypto mining by offering significant daily earnings projected to reach $40,000 by 2027. Its profitability and scalability make it ideal for investors seeking advanced mining technology and strong market growth.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Following weeks of transfers that rapidly accelerated starting Monday, the German government has fully cleared its Bitcoin wallets as of Friday afternoon, according to on-chain data curated by analytics firm Arkham Intelligence.

Germany has sent billions of dollars worth of Bitcoin to exchanges and market makers in recent days, with the apparent intention to liquidate the assets seized from criminals. While some of the funds have indeed come back to Germany’s wallets following movements out, this is the first time that the wallets have been completely emptied.

The government wallets held about $3.4 billion worth of Bitcoin one month ago, with about $2.9 billion as of July 1. Germany’s transfers to exchanges really began in earnest on Monday, however, when the wallets still held $2.2 billion in Bitcoin. Now they’re empty.

Germany has sent funds to exchanges like Coinbase, Kraken, and Bitstamp, as well as to Cumberland and other market makers. While the moves don’t necessarily mean that the funds have been sold into the market, as seen with previous transfers back from exchanges to its wallets, it does suggest that the government intends to sell the assets.

Fears that billions of dollars worth of sold Bitcoin would tank the leading cryptocurrency’s price appear to have been relatively unfounded. Bitcoin is now up 3% on the week, including 1% over the past 24 hours, at a current price of about $58,300 as of this writing.

Editor’s note: This story was updated after publication with additional details.

The crypto market is currently experiencing significant turmoil, leaving many wondering if the end is near. According to Rekt Fencer, the founder of X Dao, the crypto community is in a stage of depression, similar to the market’s state back in June 2023. 

Despite the prevailing sense of doom, a closer examination of recent data uncovers potential indicators of recovery. Over the past few months, altcoin prices have plummeted by 30% to 70%, leading to widespread investor pessimism. Nevertheless, emerging trends suggest that a market rebound might be on the way.

Echoes of June 2023

The current market sentiment closely resembles that of June 19, 2023, when major cryptocurrencies were also in a downturn. On that date, the total market capitalization stood at $1.063 trillion, with Bitcoin priced at $26,500, Ethereum at $1,700, and Solana at $15.40.

The crypto market is in freefall.

Is it game over?

Not so fast.

I’ve dug into the data and found something big.

: When and why the market will turn around pic.twitter.com/xEgYEzMVbn

— Rekt Fencer (@rektfencer) July 11, 2024

These figures are comparable to the depressed levels we see today. According to Titan of Crypto, this situation might signal a significant bear trap.

Factors Behind the Drop

Several factors have caused the recent market drop. These include Germany selling its Bitcoin, the release of Bitcoin from the Mt. Gox settlement, and Bitcoin miners selling their holdings to stay profitable. Despite these issues, major investors are holding onto their Bitcoin, showing strong long-term confidence in the cryptocurrency

Bullish Indicators

Bitcoin’s dominance, which shows its market share compared to other cryptocurrencies, has shown signs of a possible bullish trend. Although the $58,000 support level was lost, the $50,000 level may provide a cushion. Market sentiment usually rebounds when Bitcoin is seen as too expensive, suggesting that a turnaround could be near.

What’s Boosting the Markets?

Several upcoming events and factors could trigger a market recovery. Miner capitulation could signal a trend reversal as miners stop selling their holdings. Also, the potential approval of an Ethereum ETF could bring new interest and investment to the market. Changes in stablecoin liquidity, especially USDT, are also important indicators of market demand.

Looking ahead, global liquidity is expected to change in Q4 2024 and early 2025, which could positively impact the crypto market. Comparing this to the summer of 2020, when altcoins surged after a dip, suggests we might be on the brink of a similar bull run.

Meanwhile, by focusing on long-term trends and upcoming events, investors can better handle the current volatility and prepare for possible gains.

Also Read: Strategies to Identify Altcoins Capable of Yielding $1 Million in Returns

Algotech is a cutting-edge trading platform supporting cryptocurrency trading across over 10,000 trading pairs. The platform leverages artificial intelligence and machine learning to give traders a competitive edge. Additionally, Algotech reduces risk by monitoring market funding levels, availability, liquidity, and spread.

ALGT token holders are entitled to a percentage of platform trading fees, governance votes, and future airdrops. Algotech’s presale has already raised $9.48 million, with 158.80 million ALGT tokens sold to 10,000 unique holders. The platform sold out its presale stage 2 in record time, raising $650,000 in a single day.

The platform’s key features, including breakout detection, hedging, and high-volume arbitrage, provide traders with sophisticated tools to maximize their trading potential.

After a selling spree spanning the better part of three weeks, the German government’s bitcoin holdings have dropped under 6,400 BTC.

The German government’s criminal investigation unit Bundeskriminalamt, or BKA, sent shockwaves through the crypto market when it started unloading its stash of 50,000 bitcoin last Wednesday.

Wallets tied to the BKA moved $600 million worth of bitcoin on June 19, sending at least $195 million to crypto exchanges. Since then, the BKA has moved nearly all of its $2 billion stash to new wallets and crypto exchanges, resulting in the price of bitcoin dropping from $65,000 to around $57,000 at the time of writing.

As of July 8, the German government’s transfers had led to bitcoin reserves on crypto exchanges reaching multi-year lows. Exchanges monitored by CryptoQuant held $156.6 billion worth of bitcoin reserves – the lowest number of tokens since November 2018.

While the BKA’s activity sent the price of bitcoin lower, it is worth noting that bitcoin recovered some of its losses, gaining 5% over the last seven days. Selling pressure from the German government might also be close to the end, as data from Arkham shows that the BKA wallet is down to its last 6,394 BTC, worth $366 million at current prices.

Still, the wallet’s activity hasn’t been all that straightforward – sometimes the transfers to unlabelled addresses and exchanges have ended up back in the BKA’s main wallet address. This suggests that the entity is likely testing liquidity across exchanges before executing sell orders.

With the known threat of sell pressure from the BKA looming each day, it is no surprise that traders have turned cautious, evidenced by the market sentiment indicator the “Fear and Greed” index which dropped to the “extreme fear” region on Thursday.

According to one crypto market analyst, a high fear index could signal an optimal entry point for bitcoin. 

“One of the best metrics for identifying optimal entry points in a bull market is when short-term Bitcoin holders sell at a loss and the fear index is ridiculously high (which has been happening in recent weeks),” said CryptoQuant analyst elcryptotavo.

“In contrast, previous market peaks have been signaled by long-term holders taking significant profits over numerous months, which hasn’t happened yet.”

Tyler Hill Breaks Down BlockDAG’s Keynote & Revolutionary X1 Miner App! Latest on OKB and STX Prices

In the bustling crypto market, BlockDAG stands out, having impressively raised over $57.4 million through its presale. This remarkable feat, highlighted by influencer Tyler Hill, positions BlockDAG among the leading crypto gainers. It draws significant attention amidst the fluctuating OKB crypto value and the climbing Stacks (STX) price. Through groundbreaking technologies and strategic efforts, BlockDAG is revolutionizing crypto mining with the X1 Miner App, delivering unparalleled security and scalability.

OKB’s Prospective Surge Amid Strategic Moves

Recent activity has introduced volatility to OKB’s crypto value, with notable movements in OKX wallets due to buy-back and burn strategies. This strategic action could trigger a long-term rally for OKB.

Technical analysis shows a positive outlook, with OKB trading above its 200-day EMA and eight indicators signaling a buy.

Given these favorable signals, experts predict OKB’s value will rise by Q2 of 2024. Investors consider OKB a promising asset, supported by advantageous market conditions and strategic initiatives.

STX Price Rises 

Despite Bitcoin’s recent struggles and declining dominance, Stacks (STX) has surged, reaching new levels after stabilizing around lows. This bullish momentum, with STX gaining 25% since June 2024 lows, reflects growing interest and a 70% increase in trading volume over the past 24 hours.

This surge is partly due to Stacks’ integration with the Pyth Network, enhancing its decentralized applications (dApps) with over 300 price feeds. The upcoming Nakamoto upgrade promises further improvements, boosting smart contracts and platform scalability. STX’s resilience and strategic advancements position it favorably in an evolving market and increased interest in Bitcoin-related projects.

 

Tyler Hill Reviews BlockDAG’s Mining Advancements

Tyler Hill, a prominent influencer, spotlights BlockDAG’s impressive presale performance in his video. BlockDAG raised over $57.4 million by selling more than 12.05 billion coins, underscoring its position among the top crypto gainers. Hill’s review of Keynote 2 described it as a seminar unveiling BlockDAG’s advanced technology.

BlockDAG’s strength lies in its Directed Acyclic Graph (DAG) implementation, enabling multiple operations simultaneously with optional disk persistence, ensuring data integrity across sessions. This seamless integration enhances speed and security, improving mining scalability and efficiency.

Recent miner sales added another $3.6 million to revenue, with over 8700 units distributed. The unique DAG-based Proof of Work (PoW) consensus mechanism bypasses traditional mining, allowing immediate transaction confirmations and significantly boosting scalability.

Furthermore, Phase 1 of the X1 Miner app’s development has just concluded, marking a major milestone. The X1 miner will revolutionize crypto mining with features like Wireframe & UI Designing, User Onboarding, and Presale functionalities.

Upcoming features include Wallet, Send/Receive modules, and a Community Section, all designed to enhance user experience and earnings before the mainnet launch. Hill’s insights suggest that BlockDAG’s combination of security, scalability, and innovation heralds a new era in crypto mining.

Last Call

OKB and Stacks may experience price variations, but BlockDAG consistently leads the crypto landscape with significant growth and cutting-edge innovation. It’s distinctive DAG-based technology and successful presale position it among the top crypto gainers. Influencer endorsements and robust market performance indicate that BlockDAG is on track to transform the future of cryptocurrency mining, garnering increased attention and investment. Now selling at batch 19 for $0.014, it’s the ideal time to invest in this crypto.

Join BlockDAG Presale Now:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Bitcoin integrates for the first time with French Retirement Savings Plans (PER) thanks to the innovative alliance between VanEck Europe and Inter Invest. This strategic partnership introduces a Bitcoin ETN into the PER, offering savers unprecedented exposure to the main crypto.

A groundbreaking partnership to diversify retirement savings

The landscape of retirement savings in France is experiencing a true revolution. VanEck Europe, an internationally renowned asset manager, is partnering with Inter Invest to introduce the first Bitcoin ETN in a French PER. This initiative offers savers an opportunity for diversification, thereby combining financial innovation and security.

The VanEck Europe Bitcoin ETN, with its 387 million dollars of assets under management, stands out for its robustness. Fully backed by genuine bitcoins held by a regulated custodian, it ensures secure exposure to the leading crypto.

Jean-Baptiste de Pascal, Deputy General Manager of Inter Invest, highlights the importance of this collaboration: “This partnership perfectly fits into our overall strategy of democratizing innovative financial assets”. 

This strategic alliance meets a growing demand from investors for both diversified and modern savings options, thus paving the way for a new era in retirement savings management in France.

Bitcoin: Between opportunities and challenges for savers

The introduction of bitcoin into PER opens up new perspectives for French savers. Martijn Rozemuller, CEO of VanEck Europe, explains: “At VanEck, we are convinced that bitcoin is a long-term innovative asset. Its current volatility thus reflects a phase of value-seeking, typical of emerging assets.”

Investors should consider bitcoin as a complement to their retirement savings strategy, rather than a substitute for traditional assets. The VanEck Bitcoin ETN offers controlled exposure, allowing savers to diversify their portfolio while minimizing the risks associated with directly holding crypto.

In summary, this initiative by VanEck and Inter Invest marks an important step in the evolution of retirement savings in France. By integrating bitcoin into PER, these companies are paving the way for the modernization of the financial sector while meeting the expectations of a new generation of investors.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.

In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn’t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored.

At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money.

After the failure of her home country’s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education.

Moreover, the peculiar nature of the crypto community sparked Rubmar’s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies ­–or her favorite memes.

In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school’s marching band.

She also has a passion for learning new languages and cultures, having set the goal to learn another six languages ­– currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats –hers or stray.

In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.

The cryptocurrency market is currently in a state of calm, creating a sense of anticipation among investors. Altcoins, which have seen significant drops, are poised for a potential breakout. Enthusiasts are speculating about an imminent bull run that could send prices soaring. Ethereum, in particular, is generating buzz with predictions of reaching the $10k mark soon. This article delves into the altcoins that are ready for explosive growth. The focus is on identifying those hidden gems that could generate substantial returns. The current low prices offer a unique opportunity for savvy investors. Which coins are primed to take off? Keep reading to discover the potential winners in this thrilling market landscape.

BlastUP Unveils Blastbox V2: A Goldmine of Benefits for Early Investors

BlastUP, the premier launchpad on the Blast blockchain, has unveiled Blastbox V2, fresh on the heels of an $8 million presale success. This launch offers investors another chance to get $BLASTUP tokens at presale prices, loaded with a host of perks including $BLASTUP tokens and Booster Points. As experts forecast potential returns of up to 1000%, early acquisition of BLASTUP tokens could prove to be a savvy investment.

Blastbox V2 is a gateway to exclusive privileges within the BlastUP ecosystem. Owners are set to enjoy benefits like NFT and token airdrops, membership in the exclusive BlastUP Club, and priority access to Initial DEX Offerings (IDOs).

Unlock the Full Potential of Blastbox V2

Securing a Blastbox V2 is the final opportunity to access BlastUP at the most advantageous price. The platform has already made a significant impact within the Blast blockchain, achieving 4 successful IDOs.

For those on the hunt for the next big crypto opportunity, Blastbox V2 is the answer. With only 9999 units available at launch and packed with unparalleled utility, these limited-edition loot boxes are set to sell out swiftly.

Act Now: Secure Your Blastbox V2 Before They’re Sold Out!

Toncoin Holds Strong Amid Market Volatility, Shows Potential for Bullish Surge

Toncoin (TON) is currently trading between $6.22 and $8.01, reflecting some resilience even as the market experiences turbulence. Bulls seem poised for a comeback, with the nearest resistance level at $8.98. If Toncoin breaches this level, it could climb to the second resistance at $10.77, marking a significant rise. Despite a recent drop of about 9% over the past week, Toncoin has shown an impressive gain of over 237% in the past six months. With the RSI at 39.31, indicating it’s not yet overbought, and a MACD near neutral, there’s potential for upward momentum. If bullish patterns from 2021 repeat, Toncoin might see considerable growth soon.

Celestia (TIA) Shows Resilience Amid Market Swings, Eyes $7.33 Target

Celestia (TIA) is showing hopeful signs, sitting in the $4.08-$6.21 range. Its recent 1-week price surge of over 31% suggests a potential reversal despite a rocky month. Bulls appear to have some strength as TIA approaches its nearest resistance level of $7.33. Breaking past this could open doors to the next resistance at $9.46, a potential upside of over 50% from current levels. With a Relative Strength Index of 52 and steady MACD levels, Celestia holds promise. Eyes are on the $6.99 10-day simple moving average, which, if surpassed, could indicate stronger bullish momentum ahead.

Mantle (MNT) Shows Signs of Bullish Reversal Despite Recent Price Drops

Mantle (MNT) is currently trading between $0.54 and $0.76, but the bulls might be regaining strength. With its 10-day simple moving average slightly above its 100-day average at around $0.69, and the RSI at 77.79 suggesting it’s nearing overbought territory, momentum could shift upwards soon. If MNT can break past the $0.90 resistance level, it has the potential to rise nearly 50% to the next resistance at $1.13. Current indicators and past patterns hint at a promising growth phase despite recent price slides.

Conclusion

Among the highlighted coins, TON, TIA, and MNT show potential but are expected to have slower growth in the near term. In contrast, BLASTUP stands out with the highest potential for rapid growth. Its strong concept and integration into the Blast ecosystem make it a promising investment.

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Fears over the German government’s ongoing liquidation of seized Bitcoin has ignited a 25% drop from its highs.

But Jan Sell, managing director of Coinbase Germany, says not to panic.

Selling “isn’t a particularly anti-crypto move,” he said in an interview with DL News. “It’s not an investment for them. It’s like, if they impound a car or something from people, then at some point they need to get rid of it.”

In January, Germany’s central criminal investigation agency seized 50,000 Bitcoin from Movie2k.to, a film piracy website found guilty of money laundering and other illegal activities.

The German government has transferred 40,000 Bitcoin, valued at around $2.3 billion, to various crypto exchanges — including Coinbase.

Sell said that the Bitcoin Coinbase has sold on behalf of the German government is “not a huge amount,” in terms of the volume the exchange generally sees.

He revealed that Michael Saylor’s MicroStrategy — which holds about $13 billion in Bitcoin — has bought “similar kinds of volumes” over a single weekend.

Still, the selling has certainly shaken investors.

The Crypto Fear and Greed Index, a measure of market sentiment, fell to 26 out of 100 — its lowest reading since January 2023.

And Germany isn’t the only country sitting on confiscated Bitcoin.

Onchain data compiled by Arkham Intelligence shows the US government holds over $13 billion of seized Bitcoin, while authorities in the UK hold around $3.6 billion.

Governments have previously sold confiscated crypto directly to buyers at auction. But for larger amounts it’s not easy to find bidders, leaving them no alternative but to sell the crypto on the open market.

The worry among investors is that if more governments decide to cash in their confiscated crypto, it could rock the market further.

‘Other big sales’

Since the German government started selling its Bitcoin on June 19, the top cryptocurrency has struggled to recover.

Sell said he doesn’t think the German government’s selling is wholly responsible for the drop, though.

“There’s a few other big sales going on at the moment,” he said without elaborating.

One worry is the distribution of Bitcoin from Mt. Gox, the Japanese crypto exchange that was hacked in 2014.

The defunct exchange is expected to return over 140,000 Bitcoin, worth some $8 billion, to victims this month.

Many recipients are expected to cash out.

Since Mt. Gox suspended trading over 10 years ago, Bitcoin has risen over 10,000%.

Tim Craig is a DeFi Correspondent at DL News. Got a tip? Email him at tim@dlnews.com.

The push for eco-friendly crypto mining reflects a broader commitment to environmental protection within the tech industry. BlockDAG has embraced this movement, producing energy-efficient mining units rapidly selling out. With over 8800+ units sold, the demand for BlockDAG’s eco-conscious X30 miners, designed to minimise environmental impact while maximising daily earnings, is clear. Meanwhile, Lido’s partnership with Mellow Finance and Symbiotic has driven its price surge, and ONDO’s bullish signal strong potential. As the spotlight shines on BlockDAG, it emerges as a promising crypto gem for 2024.

Lido: Strategic Partnerships Boosting Prices

Lido has announced strategic partnerships with Mellow Finance and Symbiotic, aiming to enhance the utility and liquidity of staked ETH (stETH) through advanced DeFi vaults. This alliance, forming the Lido Alliance, seeks to provide stETH holders with robust security, increased rewards, and innovative staking opportunities. Lido’s collaboration with Mellow Finance focuses on providing advanced DeFi vaults, enabling stETH holders to restake their tokens, receive Mellow Vault LRTs, and earn additional staking rewards based on their Vault’s Curator Strategy.

Following the announcement, Lido DAO (LDO) saw its price jump by 11.61% to $2.03, while stETH experienced a 4.95% increase to $3,612.47. These partnerships underscore Lido’s mission to enter the Ethereum restaking space, offering a user-friendly and secure experience with comprehensive audits and continuous monitoring.

ONDO Indicates Strong Potential

Ondo (ONDO) has shown strong potential lately, with significant price increases over the past month. According to recent data, ONDO is priced at $0.93 and ranked No. 73 in the crypto ecosystem. The past month has seen a price increase of 11.39%, adding to its current value. 

Crypto experts predict that ONDO will continue its upward trend, with price predictions indicating a potential increase to $1.17 by the end of 2024. The expected growth in ONDO’s value underscores its potential as a profitable investment, making it a candidate for crypto gems for the 2024 race.

BlockDAG’s Eco-conscious Mining: 8800+ Miners Sold

BlockDAG has taken a unique approach to crypto mining, focusing on eco-conscious methods that significantly reduce environmental impact. Unlike traditional mining processes that are resource-intensive, BlockDAG employs more energy-efficient techniques, resulting in quieter and more sustainable operations. This commitment to eco-friendly mining has resonated with the market, leading to over 8800 unit sales of BlockDAG miners.

The X30 miner, a standout in BlockDAG’s lineup, boasts a hash rate of 280 GH/s while consuming only 220 watts of power. This high hashing power per watt efficiency ensures that mining operations are powerful and sustainable. With the ability to mine Bitcoin and Kaspa, the X30 miner offers versatility and high earning potential. On average, an X30 miner can generate 600 BDAG coins daily, making it a lucrative option for new and experienced miners.

Apart from miners, investors have an opportunity to participate in BlockDAG’s presale by purchasing its BDAG coins. These coins can earn returns post-launch as their value increases with each batch surge. BlockDAG’s presale has seen impressive progress, starting at $0.001 in Batch 1 and reaching $0.014 in Batch 19. This rapid increase in value highlights the strong demand and investor confidence in BlockDAG’s future. So far, the presale has garnered $57.4 million from over 12 billion BDAG coins, with an additional $3.6 million from miner sales.

Is It Time to Check out BlockDAG?

BlockDAG’s innovative approach to eco-conscious mining and impressive miner sales underscore its potential as a leading player in the crypto market. The strategic partnerships fueling Lido’s bullish trends in ONDO further highlight the dynamic opportunities within the crypto space. BlockDAG is capturing more attention as the emerging crypto gem for 2024, following a presale that is progressing.

Join BlockDAG!
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu

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Trump, the presumed Republican presidential nominee, will headline the conference on July 27, speaking on the main stage in a 30-minute address. Details of what he will discuss have not been disclosed. David Bailey, CEO, BTC Inc., the organizer of the Bitcoin Conference, told Fortune in a statement that Trump will “share his vision for the future of the American Bitcoin industry and its impact on the U.S. economy.”

ANNOUNCING: PRESIDENT DONALD J. TRUMP TO SPEAK AT #BITCOIN2024 pic.twitter.com/F2mwECVMTW

— The Bitcoin Conference (@TheBitcoinConf) July 10, 2024

Other speakers at the conference include conspiracy theorists Russell Brand—who faces nine charges of alleged sexual assault in the U.K.—and Robert F. Kennedy Jr., an independent candidate running for president. Last year’s conference, held in Miami, drew in 30,000 members of the crypto community—the largest number to date.

Despite telling Fox Business in 2021 that Bitcoin “just seems like a scam,” Trump headlining the conference does not come as a surprise. In recent months, Trump has been explicit in his desire to emerge as the “crypto president.” 

In May, his campaign began accepting donations via a host of cryptocurrencies, including memecoin Shiba Inu. “As Biden piles regulations and red tape on all of us, President Trump stands ready to embrace new technologies that will Make America Great Again,” his campaign wrote in its call for crypto dollars.

Then, just weeks later, Bloomberg reported that Trump has turned to Elon Musk for guidance on his crypto policy. Shortly after, he hosted a handful of the publicly traded Bitcoin miners at his Mar-a-Lago estate. Following the visit, Trump wrote in a Truth Social that Bitcoin mining may be “our last line of defense against a CBDC,” referring to a central bank digital currency. He added that all Bitcoin should be “MADE IN THE USA!!!”

On one hand, research suggests that digital assets don’t even rank in the top 10 key issues for voters. So, why has Trump not only changed his tune on crypto, but made it a key priority in his campaign? Well, while crypto may be trumped by issues like the economy, civil rights, and immigration, a Harris Poll survey published in May found that one-fifth of voters in swing states “consider cryptocurrency policies as a topic important enough to sway their support.” In an election that has consistently been neck and neck, a few hundred thousand votes in swing states could make the difference. 

Moreover, Trump knows crypto has money—money the industry is willing to throw at pro-crypto candidates. That’s because, for crypto, a lot hinges on this election, not least because the current Securities and Exchange Commission administration’s remains hostile towards crypto. Under Chairman Gary Gensler, enforcement actions last year rose by 53% compared with the prior year, according to data compiled by the consultancy firm Cornerstone. Last year’s total of 46 actions was nearly double that of 2021, the year Gensler became chair.

As a result, crypto is throwing money at the problem. As of May 31, the political action committee Fairshake raised around $178 million to lobby crypto-friendly candidates. Meanwhile, fellow PAC Stand with Crypto, launched by Coinbase, saw its membership surpass 1 million on June 4, surging immediately after President Joe Biden’s May 31 veto of SAB 121, a measure that would have overturned the SEC’s policy that prevents traditional financial companies from holding on to their customers’ crypto on their behalf. Stand with Crypto has raised around $179 million so far.

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Given the current market conditions where the direction is still uncertain, it gets difficult to identify altcoins with maximum potential. However, despite this, there are several undervalued projects that are being unfairly dragged down by the overall market trends. Analyst Altcoin Buzz gave a list of four coins, worth looking into. Here’s the list:

Coin 1: Akash Network

First on his list is Akash Network, active in both the decentralized computing (DePIN) and artificial intelligence (AI) sectors. These are among the hottest narratives in the current bull run. Akash started as a decentralized computation marketplace, allowing users to rent out their excess GPU capacity at a lower cost compared to major cloud providers.

Moreover, Grayscale has added Akash to its list of high-potential assets for Q3 2024. Despite the overall market downturn, Akash has shown favorable price movements, offering a glimmer of hope amidst the broader market decline.

Coin 2: Morpheus Labs

Next, on his list is Morpheus Labs, which assists Web2 companies in transitioning to Web3 using a low-code platform and AI tools. Morpheus Labs boasts partnerships with major players like Alibaba Cloud, Huawei Cloud, Amazon Web Services, Tencent Cloud, JP Games, Elrond, and Ant Group. Their ecosystem offers Layer Two scalable solutions, sharding for parallel processing, and off-chain computing to reduce on-chain burdens.

Coin 3: Graphlinq

Third on his list is Graphlinq, firmly positioned in the AI sector. Graphlinq offers no-code Web3 automation along with its own chain and token standard. The protocol is multi-chain and facilitates easy deployment and management of dApps. With 170 million GLQ in total value locked (TVL) on its chain, valued at approximately $14 million, Graphlinq is active in the DeFi space and makes an interesting coin.

Coin 4: Clearpool

Last was Clearpool, a player in the real-world assets (RWA) sector. Clearpool operates a decentralized marketplace on Ethereum and Polygon for credit loans. To date, it has facilitated loans totaling $562 million with a TVL of $81 million. The RWA space is projected to grow into a $6 trillion market by 2030, and BlackRock’s entry into this market signals its potential. Despite a price increase over the past year, Clearpool’s market cap still offers growth potential.

Today, Binance, the world’s largest crypto exchange, announced its support for the $RNDR token swap to $RENDER, with a 1:1 conversion ratio.

This development solidifies $RENDER as a true Solana ecosystem coin, potentially setting the stage for significant growth with Solana Breakpoint as a major catalyst.

BREAKING: @binance, the world’s largest crypto exchange supports the $RNDR token swap to $RENDER!

This makes $RENDER a true Solana ecosystem coin!

Solana breakpoint could become a major catalyst for $RENDER!! pic.twitter.com/qFWFPS69Fj

— D0c Crypto (@TheRealD0c) July 10, 2024

This move aligns $RENDER with other leading crypto exchanges, as Binance joins Coinbase and OKX in supporting the token. This widespread exchange support underscores the growing importance of $RENDER in the cryptocurrency market.

BINANCE ANNOUNCES SUPPORT FOR $RNDR $RENDER SWAP!

The top 3 crypto exchanges in the world Binance, Coinbase, OKX now supports $RENDER.. LFG!! pic.twitter.com/0AmyGe3E2T

— MachineAlpha (@Machine4lpha) July 10, 2024

On-chain reports highlight a notable activity involving a prominent whale with a 100% winning rate over the past three months with $PEPE. Two hours ago, this whale deposited 84,465 RNDR tokens into Binance, which were originally acquired in March this year. If sold, this transaction would result in a loss of $448,000.

$RENDER Trader Records 60% Winning Rate On Trades Despite Running Into Occasional Losses

Interestingly, this whale has a history of trading $RNDR in various bands. From February 2024 to the present, they have executed five trades with a winning rate of 60%. However, despite some profitable trades, the cumulative loss stands at $276,000, mainly due to recent losses. Prior to these setbacks, the whale had accumulated total profits of $170,000.

「过去三个月 $PEPE 波段胜率 100% 巨鲸」两小时前将今年三月建仓的 84465 枚 RNDR 充值进了 #Binance，若全部卖出将亏损 44.8 万美金

我发现这位大佬就是喜欢做各种波段啊 —— 从 2024.02 开始到现在一共做了五次 $RNDR 的波段，胜率 60%，累计亏损 27.6… https://t.co/yJq39PrOyO pic.twitter.com/inh0TV464R

— Ai 姨 (@ai_9684xtpa) July 10, 2024

The support from major exchanges like Binance, combined with significant market activities, positions $RENDER for potential growth within the Solana ecosystem. As $RENDER gains more traction and visibility, its role in the DeFi space could expand, offering more opportunities for traders and investors alike.

Overall, the token swap from $RNDR to $RENDER and the support from leading exchanges mark a pivotal moment for $RENDER, enhancing its liquidity and integration within the Solana ecosystem. As the market evolves, $RENDER’s strengthened position could drive further adoption and utilization in the crypto community.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Malaysia’s Deputy Minister for Energy Transition, Akmal Nasrullah Mohd Nasir, announced that Malaysia has lost approximately RM3.4 billion ($723 million) to electricity theft from 2018 to 2023, primarily due to cryptocurrency mining,

This theft poses a significant challenge to the country’s energy sector, impacting both the national power operator Tenaga Nasional Berhad (TNB) and individual consumers.

The Malaysian government is actively working to bolster its green and renewable energy capacities. This dual approach aims to promote energy sustainability and mitigate substantial losses attributed to illicit mining activities.

In a local report, Akmal Nasrullah emphasized that while cryptocurrency mining itself is legal, the unauthorized use of electricity to power these operations is illegal. Malaysian energy authorities have implemented various measures to monitor high energy consumption and have conducted numerous crackdowns since 2019, resulting in several arrests.

Kerajaan heboh nak laksanakan agenda peralihan tenaga sebab nak tambah sumber tenaga yang baru.

Tapi dalam masa yang sama kecurian elektrik sampai ratusan juta, ada tahun mencecah berbilion ringgit setahun berlaku di negara kita.

Ironi sungguh. pic.twitter.com/ZkWz7eIWrn

— Akmal Nasir (@akmalnasir) July 10, 2024

Recently, during an event in Balakong, Akmal Nasrullah highlighted the government’s vigorous efforts against such illegal practices. Energy companies have conducted 865 raids to investigate electricity theft cases, seizing over 2,000 items, including Bitcoin mining machines and unauthorized electrical equipment valued at around RM2.2 million ($467,000). These items were disposed of in accordance with strict legal and environmental protocols.

In a related development, Malaysia’s Inland Revenue Board (IRB), alongside police and cybersecurity experts, launched ‘Ops Token‘ to target cryptocurrency traders evading taxes. This operation led to raids on ten locations in the Klang Valley region, recovering substantial amounts of unreported profits.

Also read: Bybit Moves Staff from China to Malaysia and Dubai

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The crypto prices today have carried an uncertain momentum, piquing significant investor attention. Bitcoin (BTC) reverted its recent gains to rest at the $57K mark, while Ethereum (ETH) and Solana (SOL) dipped into the red zone, battling volatility. However, XRP traded in the green zone today, followed by Stack (STX) and Lido DAO (LDO), surfacing as the day’s top gainers.

Besides, the global crypto market cap witnessed a 0.56% decline to reach $2.12 trillion today. Moreover, the total crypto market volume from yesterday saw a slight 1.49% decrease to $63.61 billion.

Here’s a quick overview of some of the top cryptocurrencies and their price movements today, July 11.

Top Crypto Prices Today

Bitcoin Price

BTC price experienced a 1.17% fall over the past day to reach $57,461. Its 24-hour bottoms and highs were recorded as $57,093.71 and $59,359.43, underscoring a highly volatile movement.

Despite the U.S. spot Bitcoin ETFs recording continued inflows, BTC’s tumbled movement has ignited investor concerns. Data by Soso Value shows that the U.S. spot Bitcoin ETFs saw $147.37 million in inflows as of July 10, contrasting with the token’s current price trajectory.

Also, the flagship crypto’s market dominance saw a 0.28% decrease to 53.47% today.

Ethereum Price

Meanwhile, although ETH managed to hold firm above $3K, the token’s price saw a 0.25% dip at press time to $3,078.63. Ethereum’s 24-hour lows and highs were $3,055.95 and $3,148.41, respectively.

A recent report by CoinGape Media spotlighted that the token faces significant resistance at the $3.2K level, although a bullish catalyst in the pipeline might reduce the pressure faced by Ethereum at this resistance.

Solana Price

Whereas, the crypto SOL witnessed a 1.50% decline to trade at $140.52 today. Solana’s 24-hour slumps and peaks were recorded as $139.47 and $145.85, respectively.

It’s worth mentioning that despite the lack of a futures market, VanEck’s Head of Digital Assets Research has maintained a strong stance on the imminent launch of a SOL ETF.

XRP Price

On the other hand, the Ripple Labs-backed crypto jumped 0.58% today to trade at $0.4409. XRP’s 24-hour lows and highs were recorded as $0.4317 and $0.4429, respectively.

DOGE & SHIB Prices

Dogecoin (DOGE) price dipped 1.11% to $0.1075 today, whereas Shiba Inu (SHIB) price slipped 1.65% to $0.00001635.

Intriguingly, the meme coins that defied the broader market trend to experience gains today were BabyDoge Coin, Mog Coin (MOG), and Book of Meme (BOME).

Top Crypto Gainers Today

Stacks (STX) price rallied 13.38% to $1.57.
Lido DAO (LDO) price surged 6% to $1.64.
zkSync (ZK) price soared 5.59% to $0.1608
Ondo (ONDO) price saw a 5.25% upswing to $0.9895.

Also Read: Institutional FOMO On Spot Bitcoin ETF As German Govt Continues BTC Sell-off

Top Crypto Losers Today

Notcoin (NOT) price plunged 7.18% to $0.01559.
Flare (FLR) price saw a pullback of 5.31% to $0.01855.
Celestia (TIA) price followed, slipping 5.08% to $6.91.
Ethereum Name Service (ENS) tumbled 5% to $25.90.

However, hourly time frame charts illustrate that BTC and ETH gained 0.46% and 0.39%, respectively. Simultaneously, the altcoin sector followed the upward movement during the same time frame, sparking discussions.

Also Read: Terra Classic Staking Nears ATH As Dev Reveals Update, LUNC OI Jumps 20%

The share of cryptocurrency startups launching in Africa and Asia increased to their highest levels ever in the first half of 2024, snatching share from the United States and Canada amid recent regulatory uncertainty. 

According to a July 10 X article by blockchain startup accelerator and founder community Alliance, Europe overtook the US and Canada as the leading place for new cryptocurrency startups in H1, making up a 31.4% share, while Asia came third place with a 26.8% share.

Alliance DAO’s Qiao Wang and “Chloexyg” believe the trend could be due to regulatory uncertainties in the US and digital asset applications seeing more adoption in emerging markets.

Africa also saw its share rise to 5.2% — slightly below Latin America — while Oceania, comprising mostly Australia and New Zealand, saw only 1.8% of the total crypto startups in the first half of the year. 

Alliance said it compiled the data through the 3,000 annual applications it receives for its startup accelerator program.

“Because of the sheer sample size and the fact that we are relatively agnostic to these factors, we are able to derive unique insights into where the industry is heading.”

The same regulatory uncertainties cited by Alliance forced self-custody service providers Phoenix Wallet and Wasabi Wallet to recently exit the US market, while several other firms have expanded elsewhere too.

Many have blamed the US Securities and Exchange Commission’s regulation-by-enforcement approach.

Meanwhile, the number of startup founders coming from big tech firms has fallen more than 15 percentage points since 2021, Alliance’s data shows.

Related: Binance, Coinbase and Gemini staff are among the least happy, data suggests

There’s also been a similar fall in the number of founders that come from a top 100-ranked university.

About 39% of startups were launched by a solo founder, while 51% of startups comprised teams between 2-5 members.

Magazine: Meet the hackers who can help get your crypto life savings back

The cryptocurrency market remains calm, with many waiting for the next big bull run. Altcoins, in particular, are still trading at lower levels, poised for a possible explosion. Amid this anticipation, excitement brews as analysts spotlight five specific altcoins with the potential for up to 55 times profit. In this article, the discussion will delve into these promising coins and their growth prospects.

CYBRO Presale Exceeds $1 Million: A One-in-a-Million Next GEN DeFi Investment Opportunity

CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $1 million. This next-generation DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In another exciting update, CYBRO has introduced a referral program that runs until July 15. It offers 12% commissions from direct referees’ token purchases, 3% from second-level referees, and 2% from third-level referees. Rewards are distributed weekly in USDT, and referees receive double CYBRO Points on their first deposit using the referral code.

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.

Join CYBRO and aim for future returns up to 1200%

Sei (SEI) Bullish Momentum and Growth Potential Despite Recent Decline

Sei (SEI) suggests that bulls still hold some strength, despite the recent dip. Trading between $0.22 and $0.32, SEI could soon challenge the resistance at $0.39. Its RSI at just over 64 hints at healthy buying interest. If SEI breaks past $0.39, it has the potential to reach $0.50, marking an impressive near term gain of about 56%. Long-term trends also look promising, as breaking past $0.50 could even set higher targets on the horizon. Despite a challenging past month, SEI might be poised for a bullish recovery.

Blast (BLAST) Eyeing Big Gains Amid Market Recovery

Blast (BLAST) has recently shown strong price movement, bouncing between $3.01 and $4.71. Despite some market dips, the bull run seems intact with a 14.71% gain in the past week and a phenomenal 527.31% increase over the past month and six months. Currently, bulls are showing strength with BLAST staying above key support at $2.02. If momentum continues, we could see a rise to the nearest resistance of $5.42, which represents about a 15% increase from its upper range. Further growth might drive the price towards the next resistance level at $7.12, marking potential gains of around 50%. With bullish indicators like an RSI of 74.81 and a high stochastic value, BLAST seems poised for further upside.

Worldcoin (WLD) Shows Potential Amid Bearish Trends

Worldcoin (WLD) is navigating through a turbulent phase but shows signs of potential growth. Currently trading between $1.57 and $2.37, it’s clear bears have the upper hand. However, its movement around the $1.92 Simple Moving Average indicates possible stability. If bulls rally, breaking the resistance at $2.87 could see prices climb toward $3.67, representing a significant gain. Despite a month-long drop of nearly 55%, historical patterns from 2021 hint at a potential resurgence. Keep an eye on its RSI of 54.12 and Stochastic at 76.42. A push above the recent range could mark the start of a bullish momentum.

Bullish Signals for LayerZero (ZRO), Despite Recent Crypto Market Dumps

LayerZero (ZRO) is showing strong bullish momentum despite recent market downturns. The coin’s price is currently moving between $3.00 and $4.71. Recent gains of nearly 15% in the last week and over 339% in the past month suggest significant upward potential. With an RSI of 75.18 and a strong MACD level, the bulls seem to be in control. If ZRO breaks through the $5.42 resistance, we could see it rocket up to $7.13, representing a potential gain of roughly 50%. The strong buying signals indicate that LayerZero could lead the next altcoin season.

Conclusion

SEI, BLAST, WLD, and ZRO appear strong but may offer less potential in the short-term. For maximizing earnings in 2024’s bull run, CYBRO, a sophisticated DeFi platform, stands out. Leveraging AI for yield aggregation on the Blast blockchain, it delivers lucrative staking rewards, exclusive airdrops, and cashback on purchases. CYBRO ensures a smooth user experience with easy deposits and withdrawals. Its commitment to transparency, compliance, and quality attracts significant interest from major crypto influencers and whales.

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Learn about cryptocurrency tax calculators in 2024. Calculate your crypto tax liabilities with ease using CoinTracker, CoinLedger, TokenTax, ZenLedger, and more.

In most countries, including the U.S., U.K., Canada, Australia, and India, tax authorities require you to pay taxes on cryptocurrency transactions. When it’s time to file your taxes, you need to record the details of each crypto transaction. 

However, unlike traditional stock brokers, top crypto exchanges might not provide tax documents summarizing your yearly transactions. Therefore, it’s up to you to figure out your earnings and how they impact your taxes based on your country’s crypto tax rate.

While you can file by hand, this can be cumbersome if you have many transactions. That’s where a crypto tax calculator can help. This software calculates your crypto profits, losses, income, and tax liabilities based on your investing activity and data, retrieving information from your exchanges, wallets, and other crypto platforms.

Whether you’re a seasoned trader or a casual investor, a reliable cryptocurrency tax calculator is essential to ensure compliance and ease the burden of tax filing. Here’s a detailed guide on some of the best crypto tax calculators to consider in 2024.

CoinLedger

CoinLedger is a go-to tool for automating your cryptocurrency and non-fungible token (NFT) tax reporting. According to the platform, since its launch, more than 500,000 crypto investors have used it for tax calculations.

You can calculate crypto taxes using CoinLedger in three simple steps:

1. Import your crypto transactions from your wallets and exchanges.

2. Preview your report.

3. Generate your tax report.

The platform directly integrates with other popular crypto tax tools, making it easy to import all your historical transactions, whether you’re trading, earning interest, or buying NFTs.

It also allows you to download your completed tax forms to file yourself, send them to your accountant, or import them into your preferred tax filing software.

Key features:

• Unlimited transactions: Import all your crypto transaction history for free.
• Wide integration: Directly integrates with TurboTax, TaxAct, and other crypto tax platforms.
• NFT and decentralized finance support: Handles transactions involving NFTs, decentralized finance (defi), and margin trading.
• Recalculate reports: Regenerate tax reports as many times as needed for free.

Pricing:

• Free: $0 for unlimited transactions
• Hobbyist: $49 for up to 100 transactions
• Investor: $99 for up to 1,000 transactions
• Pro: $199 for up to 3,000 transactions

Pros:

• Free plan with unlimited transactions
• Affordable paid plans
• Easy integration with other tax software
• Rerun and recalculate reports at no extra cost

Cons:

• Full tax report download requires a paid plan
• No mobile app is available

CoinTracker

CoinTracker, which, per its official website, is used by over 2 million people, supports more than 500 crypto wallets and exchanges, over 10,000 cryptocurrencies, and more than 20,000 defi smart contracts. 

The crypto tax calculator automatically syncs all your crypto activity across exchanges, wallets, defi platforms, and NFTs.

When it comes to security, CoinTracker provides read-only access to your data, end-to-end encryption, and token-based two-factor authentication. It is also SOC 1 and SOC 2 compliant.

It also comes as a mobile app with features that allow you to easily view your investment performance and filter your transaction history from anywhere. 

CoinTracker also offers full support in the U.S., India, and the U.K., with partial backing available in other countries.

Key features:

• Comprehensive support: Syncs crypto activity across exchanges, wallets, defi, and NFTs.
• Security: Read-only data access, end-to-end encryption, and token-based 2FA.
• Mobile app: Monitor investment performance and transaction history anywhere.

Pricing:

• Free: $0 for 25 transactions
• Base: $59 for 100 transactions
• Prime: $199 for 1,000 transactions
• Ultra: $599 for up to 10,000 transactions

Pros:

• Offers a free plan
• Supports over 500 exchanges and wallets
• Robust security features
• Convenient mobile app

Cons:

• Limited support for futures, swaps, and derivatives
• Supports a limited number of tax jurisdictions

TokenTax

TokenTax is crypto tax software developed by crypto tax experts. It offers both tax calculations and full accounting services for investors globally. 

It features fast, universal data import, instant access to tax forms, real-time tax estimate previews, and is available to taxpayers worldwide.

Using TokenTax is straightforward:

1. Import and review data: The software syncs with your wallets and accounts, eliminating manual data entry and ensuring accuracy.

2. Preview your estimated tax liability: Review your crypto transactions and tax data in one place, with real-time previews of your estimated tax liability.

3. Export completed forms: Access all the forms you need to complete your taxes, whether you file with TokenTax or another provider like TurboTax.

The crypto tax calculator allows you to import data from nearly every crypto exchange, blockchain, protocol, and wallet. However, if it doesn’t have automation for a particular platform, you can use its manual CSV template to import data.

Key features:

• Data import: Syncs with all wallets and accounts, with manual CSV templates for unsupported platforms.
• Real-time estimates: Preview tax liabilities in real-time.
• Comprehensive forms: Exports all necessary forms for filing taxes.

Pricing:

• Basic: $65 for up to 100 transactions
• Premium: $199 for up to 5,000 transactions
• Pro: $1,599 for up to 20,000 transactions
• VIP: $2,999 for up to 30,000 transactions

Pros:

• Full-service tax filing
• Customizable reports for various countries
• Human customer support
• Supports almost all wallets and exchanges

Cons:

• No free plan
• High cost for some plans

ZenLedger

ZenLedger is renowned for its crypto tax software tailored to defi portfolios. It has reportedly managed over 10 billion transactions for more than 100,000 customers.

The crypto tax tool integrates with over 100 decentralized platforms, such as 1Inch, Aave, Uniswap, and PancakeSwap. 

It also supports more than 400 cryptocurrency exchanges and over 10 NFT platforms, allowing you to import your trading history, calculate your taxes instantly, and generate an IRS Schedule D.

Using your cryptocurrency transaction history, ZenLedger can also easily generate IRS Form 8949 to report your crypto gains and losses.

Another standout feature of the crypto tax calculating platform is its seamless integration with other popular online tax tools like TurboTax and TaxAct. This lets you file your taxes for your entire portfolio, including crypto holdings, all in one place.

ZenLedger can also help you determine the total value of any profit from airdrops, staking, mining, and other sources as they grow and accumulate in real time.

Key features:

• Defi and NFT support: Integrates with major defi platforms and NFT exchanges.
• IRS compliance: Generates IRS Schedule D and Form 8949 for accurate crypto tax reporting.
• TurboTax integration: Seamlessly integrates with popular crypto tax tools.

Pricing:

• Silver: $49 for up to 100 transactions
• Gold: $199 for up to 5,000 transactions
• Platinum: $399 for up to 15,000 transactions
• Professional: From $275 for a consultation to $6,500 for multi-year plans

Pros:

• Excellent customer support
• Quick crypto tax report generation
• Leading software for defi earnings
• Extensive exchange and platform integration

Cons:

• No free plan
• Defi and NFTs are only supported in professional plans

If you’re searching for a free crypto tax calculator, Crypto.com Tax is an excellent choice. Whether you’re new to the process or experienced, navigating Crypto.com Tax and generating your tax report is straightforward. 

It is fully integrated with four wallets and 25 exchanges and supports over 10,000 cryptocurrencies. The free crypto tax software is currently accessible in 11 countries, including Australia, Canada, New Zealand, the U.K., and the U.S.

However, as of June 25, Crypto.com Tax will no longer be operational but will instead offer its free crypto tax services through partnerships with Koinly and TokenTax.

Key features:

• API and CSV support for easy data import.
• Calculates capital gains and losses.
• Allows for the generation of multiple tax reports.
• Completely free for unlimited transactions.

Pricing:

• Free: $0 for unlimited transactions

Pros:

• Currently absolutely free
• Easy-to-use interface
• Supports thousands of cryptocurrencies

Cons:

• Limited mobile functionality
• Smaller number of supported exchanges and wallets

Final thoughts

By choosing the right crypto tax calculator for your needs, you can ensure a smoother tax filing process and stay compliant with tax regulations. 

Although not an exhaustive list, each of the options in our guide offers unique features tailored to different types of crypto investors, so select the one that best fits your trading activities and reporting requirements.

For instance, CoinTracker and CoinLedger offer robust features and extensive integration options, making them ideal for most users. ZenLedger, on the other hand, excels in managing defi portfolios, while TokenTax provides comprehensive services for those needing more personalized support. 

For a completely free solution, Crypto.com Tax is a great option, especially for beginners. Evaluate your needs and choose the tool that best suits your crypto trading activity and tax filing requirements.

FAQ

Litecoin’s active addresses have doubled, signaling robust network engagement. Meanwhile, the PEPE price changes also reflect notable market activity. Amid these shifts, BlockDAG revolutionizes mining with its X1 mining app, now launched on the App Store, accelerating its timeline by two months. This strategic advancement boosts BlockDAG’s presale figures to $57.1 million and mining sales to $3.6 million, underscoring BlockDAG as the best crypto to mine. With immediate mining available on Devnet, the platform offers unprecedented opportunities for early participants to capitalize on potential gains.

Litecoin’s Network Activity Surges 

This month has seen a significant uptick in the Litecoin blockchain’s activity. Data from blockchain analytics firm Santiment reveals that the number of Litecoin active addresses has more than doubled recently, escalating from 345,000 in May to over 700,000 currently. This surge in Litecoin active addresses indicates a heightened level of transactions and interactions within the network.

The increase in Litecoin active addresses is not just a numeric rise but a broader engagement across the network. Interestingly, Litecoin’s active addresses now surpass those of heavyweight cryptocurrencies Bitcoin and Ethereum. This growth in Litecoin’s active addresses showcases its enduring relevance and innovation within the cryptocurrency landscape.

PEPE Price Trends: A Snapshot of Market Dynamics

The PEPE price has recently captured the attention of the cryptocurrency market with a notable rise of 11.60% in just under 72 hours, showcasing a robust bullish momentum amidst a mix of market signals. Current insights reveal that the PEPE price has nudged up by 2.56% in the last 24 hours, reaching $0.0000116, according to CoinMarketCap. 

Market analysis highlights that the recent PEPE price increase is closely tied to significant liquidation activities. Historical trends indicate that when these elements align, the PEPE price often experiences a surge, presenting a cautiously optimistic outlook for its near future.

Transforming Crypto Mining: BlockDAG’s X1 Miner App Goes Live

BlockDAG has revolutionized crypto mining, releasing its X1 mobile mining app on the Apple App Store. This release has spiked miner sales to $3.6 million and accelerated the presale to a staggering $57.1 million. The X1 is one of the best crypto mining apps, offering an intuitive interface and advanced security features directly from a user’s smartphone.

The X1 app allows miners to operate from any location anytime, eliminating the need for bulky, energy-consuming home rigs. Registration is straightforward, enabling users to start mining up to 20 BDAG coins daily. This easy access to mining introduces a greener, more user-friendly approach to cryptocurrency mining.

Additionally, the app’s referral program offers the potential to significantly boost mining rates by inviting new users to the platform. This increases the individual’s earnings and expands the mining community, enhancing the network’s overall strength and efficiency.

BlockDAG’s innovative strategy doesn’t just stop at mobile access; it ensures that all mining activities begin on the Devnet, with future transitions planned to the testnet and, ultimately, the Mainnet. This allows miners to follow their progress and see their holdings increase in real-time. Given these exciting developments, starting with the X1 app could be a wise move for those looking to capitalize on early mining benefits and watch their assets grow as BlockDAG continues to lead in the crypto-mining sector.

Seize the Future of Mining with BlockDAG

While Litecoin’s active addresses and PEPE’s price fluctuations highlight the volatile nature of the crypto market, BlockDAG presents a more promising opportunity. By launching the X1 app and enabling mining two months ahead of the initial schedule, BlockDAG has accelerated its roadmap and solidified its status as the best crypto to mine. With the presale already reaching $57.1 million and mining sales surging to $3.6 million, now is an ideal time for forward-thinking users to consider BlockDAG’s potential for substantial returns.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

---

_{Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.}

Bitcoin is at a “pivotal point” as several onchain metrics signal further downside, while whales experience the fastest Bitcoin accumulation rate in more than a year, according to a new CryptoQuant report.

Bitcoin (BTC) has been in a downtrend since turning away from its new all-time high in March. Over the last month, Bitcoin’s price action has been characterized by a series of lower highs and lower lows, reaching a two-month low at $53,500 on July 5.

Despite rebounding back above $57,000, continued Bitcoin selling by the German government and Mt. Gox repayments threaten further losses for BTC.

The CryptoQuant report reveals that the profit and loss (P&L) index is hovering around its 365-day moving average (MA). The onchain data provider explains that if this index drops below its 365-day, Bitcoin could embark on a major correction as those seen in previous drawdowns.

“A crossover to the downside has been associated with major corrections (May-July 2021) or the start of a bear market (November-December 2021). See red circles.”

CryptoQuant’s Bitcoin bull-bear market cycle indicator is also approaching a critical level and could “switch to bear market if prices decline further.”

The chart below shows that the indicator is currently playing out in a similar way it did in March 2020, May 2021 and November 2021. A drop below the neutral line will mean that the market has switched to a bear phase, pointing to further declines.

According to CryptoQuant, these two metrics show that Bitcoin is at “a level where a local bottom can form or a major ‘summer-of-2021’ style correction can occur.”

In addition, Tether’s (USDT) market cap growth has stalled, suggesting that a rally might be hard to come by as historical recoveries can be attributed to a rise in stablecoin liquidity, CryptoQuant added. Growth in the market of USDT is often considered a key driver of bull markets.

“USDT market capitalization is still slowing down. Bitcoin price typically rallies as more liquidity enters the crypto market via USDT minting, a condition that has still not been met.”

Related: Price analysis 7/10: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Meanwhile, Bitcoin whales have been aggressively accumulating as the recent downswing gave large holders an opportunity to buy more on the dip, boosting their stack by 6.3% over the past month, the fastest pace since April 2023.

CryptoQuant said that this indicates “rising demand for Bitcoin” at lower levels. This is corroborated by increased inflows into US-based spot Bitcoin exchange-traded funds (ETFs).

Data from SoSo Value shows that despite BTC’s price drop to four-month lows on July 5, institutional investors poured $143.1 million into spot Bitcoin ETFs that day. This was followed by $294.9 million and $216.4 million net inflows on July 8 and July 9, respectively.

This institutional support has counterbalanced the selling pressure while simultaneously demonstrating BTC’s acceptance within the financial mainstream.

From a technical perspective, Bitcoin’s short-term resistance rests at $59,000, embraced by the 200-day simple moving average, as observed by Benjamin Cowen, founder of the “Into The Cryptoverse” newsletter.

Note that the price has been sealed below this level since breaching it on July 4, and bulls were required to flip it back into support to avoid further losses.

“This is the 200D SMA and would also correspond to a backtest of the trend line that BTC broke down from.”

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

In a long-awaited move, Mt. Gox, the infamous Bitcoin exchange that collapsed in 2014, has finally started repaying its creditors. 

This resolution to one of crypto’s most notorious scandals is not just closing a chapter to one of Bitcoin’s darkest hours but is also actively shaping the asset’s market dynamics in real time.

On July 5, Nobuaki Kobayashi — the rehabilitation trustee for Mt. Gox — announced the commencement of debt repayments to creditors in Bitcoin (BTC) and Bitcoin Cash (BCH). The repayments are facilitated through a complex network of exchanges, with each entity playing a crucial role in distributing the funds.

The scale of the repayments is staggering. According to available data, approximately 47,288 BTC, valued at roughly $2.7 billion, has already been moved from Mt. Gox-associated wallets to new addresses.

This is just the beginning, with a total of around 140,000 BTC — worth a whopping $9 billion at current prices — set to be returned to the victims in the coming weeks. The sheer magnitude of the transfers has put the entire crypto market on edge, with traders and investors closely monitoring every movement.

Moreover, on paper, the repayment process seems to be quite a logistical feat, with five exchanges, namely Bitbank, SBI VC Trade, Bitstamp, Kraken and BitGo, tasked with distributing the funds. Each exchange has its own timeline for processing the payouts, ranging from immediate distribution to a 90-day window.

Both Japanese exchanges — Bitbank and SBI VC Trade — have already completed their distributions, processing the payments within hours of receiving the funds. This swift action relieved creditors but also contributed to the ongoing market volatility as some recipients quickly sold their newly acquired Bitcoin.

Bitstamp also pledged to expedite its distributions, with exchange officials stating that it is committed to compensating investors earlier than its given 60-day window.

A ripple effect in motion

The immediate impact on Bitcoin’s price was swift. As news of the repayments spread, Bitcoin plummeted from approximately $62,000 to as low as $53,600 on July 4 — a 10% drop in a matter of hours.

This sharp decline triggered a wave of liquidations across the crypto market, with over $425 million in leveraged positions being wiped out. The volatility wasn’t limited to Bitcoin; the entire cryptocurrency market felt the tremors, with many altcoins experiencing double-digit percentage drops.

However, the market’s reaction wasn’t solely due to Mt. Gox. Coinciding with these repayments was news of the German government offloading hundreds of millions of dollars worth of Bitcoin seized from criminal activities.

On July 8, a German government-labeled crypto wallet sold around $900 million worth of Bitcoin, transferring roughly 16,309 BTC in multiple transactions to various external addresses, marking its largest single-day Bitcoin liquidation.

Recent: Labour victory in UK elections renews crypto industry optimism

Some of the transfers were directed to crypto exchanges such as Bitstamp, Coinbase and Kraken, as well as market makers such as Flow Traders and Cumberland DRW.

With the German government now around halfway through its selling spree, reducing its holdings to 23,788 BTC from 50,000 BTC, traders expect Bitcoin prices to stabilize and potentially climb again once the immediate selling pressure eases.

The fall of Mt. Gox

A visit to the history books is important to understand the magnitude of the current repayment scheme.

Founded in 2010 by Jed McCaleb and later sold to Mark Karpelès in 2011, Mt. Gox quickly became the world’s largest Bitcoin exchange, handling a staggering 70% of all global BTC transactions at its peak.

This dominance made it the go-to platform for early Bitcoin adopters and played a crucial role in establishing Bitcoin’s legitimacy in its formative years. However, in February 2014, Mt. Gox suspended all Bitcoin withdrawals, citing technical issues. The truth soon emerged that the exchange had lost approximately 850,000 BTC in a long-standing security breach.

This loss, valued at roughly $450 million at the time, would be worth over $48 billion at today’s prices. The event sent shockwaves through the crypto community and severely damaged Bitcoin’s reputation, setting back mainstream adoption efforts by years.

The fallout was immediate and severe. Mt. Gox filed for bankruptcy, leaving thousands of customers in limbo. In 2018, the case shifted to civil rehabilitation, offering a glimmer of hope to creditors. In 2019, Karpeles was convicted of falsifying financial records, adding yet another layer to the complex legal saga.

However, a legitimate plan of action emerged in 2020 when Kobayashi announced a draft rehabilitation scheme. The plan faced numerous delays and revisions over the next couple of years, mainly due to various legal and logistical challenges. In 2023, the repayment deadline was extended once again to sometime in the third or fourth quarters of 2024.

Throughout this period, the crypto landscape continued to evolve, with new exchanges rising to prominence and regulatory frameworks beginning to take shape.

Bitcoin’s rocky road ahead

The commencement of Mt. Gox repayments has injected a new level of volatility into an already dynamic crypto market. However, as the dust settles, a more nuanced picture seems to be emerging. For instance, Bitcoin has shown immense resilience since July 5, rebounding to around $59,000 after its initial plunge to $53,600.

The market’s ability to absorb such a large influx of supply speaks to the increased liquidity and maturity of the cryptocurrency ecosystem compared to its state during Mt. Gox’s collapse. In fact, some analysts even believe that much of this selling pressure was already “priced in” before the event itself, thus explaining the relatively quick price recovery.

Recent: Memecoins and AI are pushing Gamefi out of the spotlight

Furthermore, some large investors viewed the price dip as a buying opportunity, as evidenced by increased inflows into US-based spot Bitcoin exchange-traded funds (ETFs). This institutional support has counterbalanced the selling pressure while simultaneously demonstrating BTC’s acceptance within the financial mainstream.

Shifting back to the broader macroeconomic landscape, the upcoming US Consumer Price Index (CPI) report and Federal Reserve Chair Jerome Powell’s testimony before the US Congress are also being closely watched since they could significantly influence Bitcoin’s price trajectory in the coming months.

Also, the US presidential election on Nov. 5 could very well be another wild card, with some speculating about a possible “Trump Trade” rally if the former president wins, given his recent overtures to the crypto community.

The broader crypto market also shows signs of decoupling from Bitcoin’s movements. Ether (ETH), for instance, has stayed above the $3,000 mark despite BTC market volatility.

With the top meme coins suffering more than most other cryptos during the pause in the bull market, what next for the likes of Dogecoin and Brett? No doubt, their fortunes will turn around as the altcoin rally picks up, but investors and speculators are moving away from useless meme coins now in favor of tokens with actual utility. Step forward Rollblock: a presale token that’s set to disrupt the vague and corrupt gambling industry. Tipped by many analysts for major returns, Rollblock might just be the token to lead the alt season.

Brett is one of the top meme coins of Q1, but can it bounce back?

Brett is a Base Chain meme coin touted as Pepe’s best friend. As a cultural icon, Brett has been one of the top meme coins this year, and its price projection has impressed. The Base Chain’s rapidly expanding ecosystem provides a robust foundation for Brett‘s success as it leverages the resources of one of the fastest-growing crypto networks.

Despite its strong cultural presence and initial success, Brett‘s price is down 40% from its June all-time high (ATH). Brett‘s decline reflects the typical volatility of meme coins, as investors look more for cryptos with utility. That said, one would be a fool to write off meme coins, especially when the altcoin rally gets going again.

Can Dogecoin reclaim its 2021 brand awareness?

Dogecoin is the leader of all top meme coins and has actually grown into one the biggest crypto brands. Dogecoin’s rise to fame was helped by Elon Musk, whose tweets and endorsements caused the DOGE price to skyrocket in the last bull cycle. Musk’s influence turned Dogecoin into the “people’s crypto,” and with it attracted a large and enthusiastic community. 

Despite its meteoric rise, DOGE, like other top meme coins, has faced considerable price volatility. And while speculators move away from useless meme coins, the one thing about Dogecoin is that it has brand appeal. 

Timing is perfect for Rollblock as the bull market and demand for utility pick up

Rollblock is an innovative GambleFi platform that’s capturing the attention of investors and gamers. It boasts the first casino-backed Play-to-Earn token, and this allows Rollblock to integrate the benefits of centralized casino gaming with decentralized technology and expose and eradicate the corruption of the gambling industry.

Central to Rollblock’s ecosystem is the $RBLK token. This facilitates transactions, payments, and interactions within the Rollblock platform and is currently available during its presale. Any $RBLK hodler will be able to gain access to the multitude of gaming options, and best of all, there will be no overburdening KYC checks.

Another of Rollblock’s enticing features is its staking and passive rewards system. By staking tokens, $RBLK holders can earn through the Hold to Earn program, which is basically a portion of the platform’s weekly income given to stakers. 

Then there’s Rollblock’s revenue-sharing model, which offers direct financial benefit to $RBLK holders. A percentage of the platform’s weekly revenues is distributed to token holders, so the more successful the platform is, the more revenue a token holder will get.

This is complemented by a buyback and burn mechanism, where Rollblock repurchases tokens from the open market. Half of the tokens will be burned, and this will reduce the circulating supply, increase scarcity and no doubt the value of the remaining tokens.

Conclusion

Writing off the top meme coins would be a little premature, and with BRETT and DOGE, there’s a good chance they will pump once the altcoin rally gets going. However, in all bull cycles, it’s the newest cryptos that offer the biggest returns, and Rollblock ticks all the boxes: a token with utility, a presale that is attracting big investment, and perfect timing for launching just before the 2024 bull market starts moving.

Discover the exciting opportunities for the Rollblock (RBLK) Presale today!

Website: https://presale.rollblock.io/ 

Socials: https://linktr.ee/rollblockcasino 

Data published by crypto analytics firm Kaiko last week demonstrated some surprises when it came to the rankings of centralized crypto exchanges, as determined by their respective global market shares. Arguably, the most recognizable exchange names are Binance and Coinbase, but right now, it’s Bybit that is catching attention, as the numbers showed it leapfrogging Coinbase to take the number two spot behind market leader Binance while also significantly outperforming Binance in terms of market share changes.

In detail, Bybit–which is headquartered in Dubai and was founded in 2018–has, from October last year to this June, seen its market share double from 8% to 16%, while Binance’s share has dropped over the same time period from 60% to 54%. Coinbase registered a modest 1% gain, rising overall from 7% to 8% (meaning, as respective market shares fluctuated, that Binance climbed above Coinbase in March), and OKX experienced a 2% gain from 5% to 7%. Simultaneously, Upbit dropped from 9% to 4%, and over fifteen smaller exchanges endured a collective drop from 13% to 10% of market share.

Market Share of Volume, charts from Kaiko

The standout shifts, then, are Bybit’s large gain coupled with Binance’s loss, raising questions about the driving forces behind these recent trends. Bybit COO Helen Liu responded to Finance Magnates’ questions on this topic by identifying Bybit’s innovative trading facilities as a key factor, explaining,

“Bybit’s growth was fueled by its industry-leading Unified Trading Account (UTA) and robust spot listing policy. UTA, central to Bybit’s platform, streamlines asset transfers within exchanges, calculates margins across positions and balances, and optimizes capital efficiency and risk management. This system supports seamless trading across Spot and Derivatives markets, ensuring transparency and security.”

And Liu added,

“Bybit has streamlined its spot-listing process to swiftly capitalize on crypto market trends, offering competitive trading opportunities ahead of rivals.”

It appears also that Bybit is focused on offering new products, with notable incoming developments including, according to Liu, a “Futures Combo bot” that “allows users to build a portfolio of long/short positions that automatically rebalances as the market moves”, and there is also the Bybit card, which “recently integrated with Google Pay and Apple Pay, meaning that our clients can use their crypto balances to pay for any fiat purchases they like, easily. The whole time, their idle funds automatically earn an attractive yield”. Furthermore, there are plans to roll out the card “in more countries in the near future”, and Liu also highlighted Bybit’s annual World Series of Trading event, a crypto trading competition offering substantial prizes.

BTC and ETH Trading Makes Gains on Altcoins

Returning to the initial data, we can also find some telling differences between Bybit and Binance when it comes to which coins make up the bulk of their trading volumes. On Bybit in 2023, altcoin trading made up a huge 82% of volume, and BTC and ETH were at only 10% and 7%, respectively. However, it’s a different story in 2024, with altcoin trade dropping to 44% of volume, and BTC and ETH now making up 31% and 22%, respectively.

This comes as Binance has experienced the opposite, with–according to Kaiko’s report–“a stronger increase in altcoin volume”, while volumes on BTC and ETH combined have fallen from 59% to 43%. This seems relevant since altcoins have underperformed this year, while seasoned crypto traders discuss whether an altcoin season–a regular feature of past cycles when alts outperform BTC–might be incoming soon, or whether this cycle, now that BTC has spot ETFs and can attract institutional buyers, might unfold along different lines.

NEW: Modus Advisors ($432m AUM) has a $4.8m #Bitcoin ETF holding in FBTC

That puts them in the top ~5% of holders by AUM% pic.twitter.com/RxiMOhyRNu

— Julian Fahrer (@Julian__Fahrer) July 2, 2024

Effectively Navigating Crypto Turbulence

There are also questions around Binance’s clashes with regulators, along with its changes at the top as new CEO Richard Teng–formerly the Global Head of Regional Markets–stepped up while founder, former CEO, and all-round influential character Changpeng Zhao (widely known as CZ) was sentenced to four months in prison for money laundering violations.

Perhaps–post-FTX and with Sam Bankman-Fried serving 25 years for fraud and conspiracy charges–the crypto world is acclimatized to courtroom drama, and CZ’s sentence is relatively light anyway, but still, it’s plausible that the Binance founder’s legal wrangles could have affected public perceptions of the exchange he is synonymous with.

What’s more, as part of CZ and Binance’s plea deal, the US Department of Justice last October announced that it was imposing a $4.3 billion settlement charge on Binance, which could have been interpreted in two ways. On the one hand, it’s one of the largest criminal fines in US history and at the time, Attorney General Merrick Garland stated that, “Binance prioritized its profits over the safety of the American people.” However, at the same time, the settlement signified closure on a period of turbulence and uncertainty, a perception further underlined by the change of CEO at the company as CZ departed.

With regard to Binance, Helen Liu told Finance Magnates that “Bybit emphasizes collaboration with industry leaders to enhance crypto accessibility globally, avoiding adversarial relations”, but for the moment, Bybit appears to have navigated volatility in the crypto world more effectively than its competitors, with well-executed trading features apparently core to its growth.

Data published by crypto analytics firm Kaiko last week demonstrated some surprises when it came to the rankings of centralized crypto exchanges, as determined by their respective global market shares. Arguably, the most recognizable exchange names are Binance and Coinbase, but right now, it’s Bybit that is catching attention, as the numbers showed it leapfrogging Coinbase to take the number two spot behind market leader Binance while also significantly outperforming Binance in terms of market share changes.

In detail, Bybit–which is headquartered in Dubai and was founded in 2018–has, from October last year to this June, seen its market share double from 8% to 16%, while Binance’s share has dropped over the same time period from 60% to 54%. Coinbase registered a modest 1% gain, rising overall from 7% to 8% (meaning, as respective market shares fluctuated, that Binance climbed above Coinbase in March), and OKX experienced a 2% gain from 5% to 7%. Simultaneously, Upbit dropped from 9% to 4%, and over fifteen smaller exchanges endured a collective drop from 13% to 10% of market share.

Market Share of Volume, charts from Kaiko

The standout shifts, then, are Bybit’s large gain coupled with Binance’s loss, raising questions about the driving forces behind these recent trends. Bybit COO Helen Liu responded to Finance Magnates’ questions on this topic by identifying Bybit’s innovative trading facilities as a key factor, explaining,

“Bybit’s growth was fueled by its industry-leading Unified Trading Account (UTA) and robust spot listing policy. UTA, central to Bybit’s platform, streamlines asset transfers within exchanges, calculates margins across positions and balances, and optimizes capital efficiency and risk management. This system supports seamless trading across Spot and Derivatives markets, ensuring transparency and security.”

And Liu added,

“Bybit has streamlined its spot-listing process to swiftly capitalize on crypto market trends, offering competitive trading opportunities ahead of rivals.”

It appears also that Bybit is focused on offering new products, with notable incoming developments including, according to Liu, a “Futures Combo bot” that “allows users to build a portfolio of long/short positions that automatically rebalances as the market moves”, and there is also the Bybit card, which “recently integrated with Google Pay and Apple Pay, meaning that our clients can use their crypto balances to pay for any fiat purchases they like, easily. The whole time, their idle funds automatically earn an attractive yield”. Furthermore, there are plans to roll out the card “in more countries in the near future”, and Liu also highlighted Bybit’s annual World Series of Trading event, a crypto trading competition offering substantial prizes.

BTC and ETH Trading Makes Gains on Altcoins

Returning to the initial data, we can also find some telling differences between Bybit and Binance when it comes to which coins make up the bulk of their trading volumes. On Bybit in 2023, altcoin trading made up a huge 82% of volume, and BTC and ETH were at only 10% and 7%, respectively. However, it’s a different story in 2024, with altcoin trade dropping to 44% of volume, and BTC and ETH now making up 31% and 22%, respectively.

This comes as Binance has experienced the opposite, with–according to Kaiko’s report–“a stronger increase in altcoin volume”, while volumes on BTC and ETH combined have fallen from 59% to 43%. This seems relevant since altcoins have underperformed this year, while seasoned crypto traders discuss whether an altcoin season–a regular feature of past cycles when alts outperform BTC–might be incoming soon, or whether this cycle, now that BTC has spot ETFs and can attract institutional buyers, might unfold along different lines.

NEW: Modus Advisors ($432m AUM) has a $4.8m #Bitcoin ETF holding in FBTC

That puts them in the top ~5% of holders by AUM% pic.twitter.com/RxiMOhyRNu

— Julian Fahrer (@Julian__Fahrer) July 2, 2024

Effectively Navigating Crypto Turbulence

There are also questions around Binance’s clashes with regulators, along with its changes at the top as new CEO Richard Teng–formerly the Global Head of Regional Markets–stepped up while founder, former CEO, and all-round influential character Changpeng Zhao (widely known as CZ) was sentenced to four months in prison for money laundering violations.

Perhaps–post-FTX and with Sam Bankman-Fried serving 25 years for fraud and conspiracy charges–the crypto world is acclimatized to courtroom drama, and CZ’s sentence is relatively light anyway, but still, it’s plausible that the Binance founder’s legal wrangles could have affected public perceptions of the exchange he is synonymous with.

What’s more, as part of CZ and Binance’s plea deal, the US Department of Justice last October announced that it was imposing a $4.3 billion settlement charge on Binance, which could have been interpreted in two ways. On the one hand, it’s one of the largest criminal fines in US history and at the time, Attorney General Merrick Garland stated that, “Binance prioritized its profits over the safety of the American people.” However, at the same time, the settlement signified closure on a period of turbulence and uncertainty, a perception further underlined by the change of CEO at the company as CZ departed.

With regard to Binance, Helen Liu told Finance Magnates that “Bybit emphasizes collaboration with industry leaders to enhance crypto accessibility globally, avoiding adversarial relations”, but for the moment, Bybit appears to have navigated volatility in the crypto world more effectively than its competitors, with well-executed trading features apparently core to its growth.

A popular analyst has raised his price target for Solana (SOL), projecting a potential value of $480 by the end of 2025, with a high-end estimate reaching $800. Virtual Bacon’s latest forecast hinges on several key metrics, including Solana’s supply and market cap. Currently, Solana has a supply of 579 million tokens with an annual inflation rate of 5.2%. By the end of 2025, this supply is expected to grow to approximately 625 million tokens.

In terms of market capitalization, the analyst projects that Bitcoin will reach a price of $250,000 by the end of 2025, resulting in a market cap of around $5 trillion. Assuming Bitcoin maintains a 50% dominance in the cryptocurrency market, this suggests a total market cap for all cryptocurrencies of $10 trillion.

Solana’s market dominance has increased from 0.75% to 3% over the past year. Assuming it remains at this level, Solana’s market cap would be $300 billion, leading to a price target of $479 per token. If Solana’s dominance increases to 5%, the price could rise to $800 per token.

He said, “I had estimated a price of $240 to $250 based on a lower market dominance assumption for Solana. However, with its current growth, I now expect Solana’s price to reach around $480, assuming a 3% market dominance. If Solana’s market dominance increases to 5%, the price could potentially reach $800.”

Reason Behind This Massive Prediction 

So, how has Solana managed to achieve such a drastic increase in retail adoption? There are two major factors that have played a significant role: the Solana Mobile initiative and Solana Pay.

Solana Mobile, active for about two years, offers a mobile-first app store for decentralized applications, making it easier for new users to access and use crypto. This focus on mobile experience has led many new users to choose the Phantom wallet over other options like Metamask or Coinbase.

Solana Pay, a micropayment solution, supports SOL tokens and stablecoins like USDC and USDT. It has been integrated with Shopify for over a year and recently introduced new features such as Solana Actions and blockchain links (Blinks). These initiatives are driving Solana’s increased retail adoption and enhancing its overall user experience.

Also Read : Top Mid-cap Altcoins To Stack For 100% Surge In Q3!

Zodia Markets, the crypto subsidiary of British multinational bank Standard Chartered, is reported to be in talks to buy Elwood Capital Management, a crypto firm backed by billionaire hedge fund manager Alan Howard.

The deal between Zodia Markets and Elwood Capital — which offers over-the-counter crypto trading and settlement services — is expected to close before the end of this month, Bloomberg reported on July 9, citing people familiar with the matter.

Zodia Market’s acquisition of Elwood Capital would provide the firm with licenses as a virtual asset provider and investment business in Jersey — an island British crown dependency off the coast of Northern France — one person familiar with the deal said.

This would reportedly bolster Zodia’s ongoing efforts to focus on OTC settlement services.

Zodia Markets is a crypto exchange launched by Standard Chartered in 2021, a joint venture between the bank’s venture capital subsidiary and Hong Kong’s BC Technology Group.

It shuttered its services earlier this year due to tepid demand for crypto products, the firm’s CEO Usman Ahmad told Bloomberg in June.

Related: Standard Chartered expects SEC to greenlight spot Ether ETF this week

Howard, the billionaire hedge fund manager of Brevan Howard Asset Management, put up several of his private holdings in crypto companies up for sale in February, with the intention to reinvest the earnings into Brevan Howard Digital, the crypto subsidiary of the hedge fund.

Standard Chartered has been making efforts to expand its footprint in the crypto industry. On June 21, it was reported the bank may be looking to launch its own trading desk for Bitcoin (BTC) and Ether (ETH).

If launched, this would see Standard Chartered become one of the first global banking institutions to become involved in the spot trading of cryptocurrencies.

Magazine: Crypto exposes sudden rift among Democrats months ahead of election

The crypto market is experiencing a calm before an anticipated bull run. Altcoins, often overshadowed by Bitcoin, are currently at their lows. This dormant phase may soon transition into a period of explosive growth. The altcoin season, hoped for by many, remains elusive. Yet, certain altcoins hold potential for significant mid-term gains. Distinguishing these promising cryptocurrencies from the rest could be key to maximizing returns. This article delves into which altcoins are poised for growth in the near future. Readers will discover insights into potential winning picks that may thrive in the upcoming market surge. Stay tuned to uncover the top contenders ready to capitalize on the next wave of crypto excitement.

CYBRO Presale Exceeds $1 Million: A One-in-a-Million Next GEN DeFi Investment Opportunity

CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $1 million. This next-generation DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In another exciting update, CYBRO has introduced a referral program that runs until July 15. It offers 12% commissions from direct referees’ token purchases, 3% from second-level referees, and 2% from third-level referees. Rewards are distributed weekly in USDT, and referees receive double CYBRO Points on their first deposit using the referral code.

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.

Join CYBRO and aim for future returns up to 1200%

Starknet (STRK) Poised for a Rebound Despite Recent Slump

Starknet (STRK) has seen a drop recently, but the future looks bullish. Currently priced between $0.43 and $0.68, STRK faces a key resistance at $0.82 and support at $0.32. Despite a tough month with a nearly 47% drop, the past six months show a strong 195% rise. With an RSI of 55.22 and trading above the 100-day SMA of $0.55, the coin has potential to break through $0.82 and possibly hit the second resistance at $1.06. This represents up to a 147% rise from current levels. Bulls may be gearing up for a solid comeback.

Arbitrum Eyes Potential Bull Run Despite Recent Dump

Arbitrum (ARB) has had a tough ride recently, with prices now in the $0.54 to $0.79 range. Despite a recent 12.81% drop in the past week and a more significant 29.83% decline over the month, signs indicate a potential upswing. With an RSI of 58.44 and Stochastic value near 76, there’s room for growth. Immediate resistance is at $0.93, with a potential rise to $1.18 if bulls regain control, marking a possible increase of around 80% from current levels. The 10-day and 100-day moving averages show stability around $0.66. If support holds strong at $0.43, ARB may soon see significant gains.

LayerZero (ZRO) Shows Strong Potential Amidst Recent Crypto Market Fluctuations

LayerZero (ZRO) is holding steady, trading between $3.00 and $4.71. Despite recent bearish trends in the broader market, LayerZero’s price could soar, breaking the $5.43 resistance level. With a strong monthly gain of nearly 295%, the current RSI of 54.90 suggests room for further growth, and the MACD hints at bullish momentum. If the bullish pattern continues, ZRO could rise over 50% to challenge the second resistance at $7.13. The consistent climb in price underpins a potential for even higher gains, possibly outpacing recent altcoin performance.

Blast (BLAST) Ready for Lift-Off: Bulls Poised to Surge Past Bears

Blast (BLAST) is showing promising signs as its current price ranges between $3.01 and $4.71. Bulls have shown strength with a month-long price increase of close to four-and-a-half times. At a relative strength index of 55.12 and strong upward momentum, BLAST is eyeing its next resistance level at $5.42. If bulls break this level, the next target will be $7.12, which represents a potential price increase of over half again its current value. With a combination of positive indicators and historical patterns reminiscent of 2021, BLAST seems primed for substantial growth in the coming weeks.

Conclusion

Although short-term gains may be limited for STRK, ARB, ZRO, and BLAST, the focus should shift to CYBRO. This technologically advanced DeFi platform offers investors excellent opportunities to increase their earnings through AI-powered yield aggregation on the Blast blockchain. Features include lucrative staking rewards, exclusive airdrops, and cashback on purchases. CYBRO ensures a top-notch user experience with seamless deposits and withdrawals. Its emphasis on transparency, compliance, and quality makes CYBRO a standout project, drawing strong interest from crypto whales and influencers.

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The German government is keeping Bitcoin traders on the edge of their seats, relocating thousands of BTC in just one day.

The blockchain “de-anonymizing” platform Arkham reports that the German government moved more than 16,000 BTC worth over $915 million in a 24-hour period.

Arkham initially spotted the German government shifting hundreds of millions of dollars in BTC to various addresses mostly belonging to crypto exchanges and market makers.

“Today, the German Government sent 2,738.7 BTC ($155.3 million) to likely exchanges/market makers including Kraken, Cumberland, 139Po (likely deposit for institutional/over-the-counter service) and address bc1qu.”

In an update, Arkham says the German government subsequently moved 8,100 BTC worth $463.2 million to wallets belonging to crypto exchanges Kraken, Bitstamp and Coinbase and market maker Flow Traders.

In another update, Arkham reports that the German government moved 5,200 BTC worth $297.3 million to Kraken, Bitstamp, Coinbase and 139Po.

“That makes this the biggest day for them so far – over 16,000 BTC in total.”

The government currently holds 28,988 BTC worth about $1.66 billion, according to Arkham.

The German government was first spotted moving Bitcoin to exchanges last month. German authorities seized the BTC as part of an investigation into Movie2k.to, a now-defunct illegal streaming site that was accused of distributing more than 880,000 pirated films between 2008 and 2013.

German police confiscated nearly 50,000 BTC related to the case.

Some in the blockchain sector have looked to the German crypto sales with concern. But the pseudonymous digital asset analyst PlanB tells his 1.9 million followers on the social media platform X he’s not worried about the selling pressure from the German government.

“Yes yes, the German government is selling 50,000 BTC… and Mt.Gox is giving 142,000 BTC back to investors (some may sell)… However, I see nothing in the data that indicates structural weakness in Bitcoin markets.”

At time of writing, Bitcoin is trading for $56,426, up over 3% in the past day.

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The Republican National Committee (RNC) just adopted a platform that plans to boost crypto mining and oppose the creation of a CBDC.

The Republican National Committee, led by Michael Whatley and Donald Trump’s daughter in law Lara Trump has officially adopted their election platform that includes a section on crypto innovation. The platform was made released Monday as the party gears up for the November election. 

“Republicans will end Democrats’ unlawful and un-American Crypto crackdown and oppose the creation of a Central Bank Digital Currency (CBDC),” the document states. “We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their digital assets, and transact free from Government Surveillance and Control.”

This platform reflects the increasing interest in digital assets among Trump and other GOP politicians.

HUGE BRREAKING: The National Republican Party (GOP) adds ‘#Bitcoin Rights’ to their party platform – Supports Ban of CBDCs.

This is a huge moment where an entire party is now absorbing many of the critical advances that have been made at the state level to defend ‘#Bitcoin… pic.twitter.com/Y3JF3pXr3y

— Dennis Porter (@Dennis_Porter_) July 8, 2024

Digital assets were prominently featured in the platform’s ‘economy section’ as part of the innovation initiatives. The platform committee overwhelmingly approved the new draft, which is scheduled for a final vote on Tuesday.

Trump and crypto

This shift marks a significant change for Trump, who previously expressed skepticism towards cryptocurrency but has become a vocal advocate in recent weeks. On June 10, Donald Trump announced that he wanted all remaining bitcoin (BTC) mined in the United States, hoping the country could dominate the energy sector.

Trump has also personally engaged with digital assets, launching several sets of branded non-fungible tokens and accepting crypto donations for his campaign and affiliated political action committee.

CBDCs

Opposition to CBDCs has been a recurring theme for Trump and other Republicans during the 2024 campaign. The U.S. remains in the research phase like other regions, including China and Europe, as they explore government-backed digital tokens. 

Republicans argue that Democrats’ push for CBDCs could lead to increased financial surveillance of citizens.

As we look ahead to the 2024 election, the Republican Party’s strong support for Bitcoin and crypto innovation is becoming increasingly evident. This demonstrates a clear trend of backing digital assets within the RNC, setting the stage for the party to be seen as a leader in crypto innovation. 

This contrasts the more reserved approach taken by the Biden Administration.

The Crypto Fear & Greed Index, a metric tracking relative market sentiment, has hit the lowest levels since January 2023, dropping to 27 on July 9, according to data from Glassnode.

For reference, January 2023 was only two months following the collapse of the crypto exchange FTX. At the beginning of that month, the Crypto Fear & Greed Index stood at 26, while Bitcoin (BTC) was trading at around $16,500. However, by the end of the month, Bitcoin experienced a price rally and was trading around $22,000, data from TradingView shows.

German, Mt. Gox selling pressures fuel fears

The current market panic is fueled by the German government dumping its BTC holdings and Mt. Gox repaying creditors, bringing the price of BTC down from around $63,000 at the end of June to lows of around $53,570 on July 5.

The German government is offloading tens of thousands of Bitcoin in multiple tranches. The latest update reveals that it shifted an additional $276 million in Bitcoin to its selling wallet. Data from Arkham Intelligence indicates that the German government still holds around 22,800 BTC.

Mt. Gox repayments have also started, as the now-defunct exchange begins reimbursing roughly $9 billion to creditors. $8.2 billion of the outstanding amount is in Bitcoin, likely to be sold by creditors, adding additional selling pressure and fears that Bitcoin will crash again.

Related: BTC price taps $58K as vital Bitcoin bull market trendline reemerges

The other side of the story

Despite the increased selling pressures from institutions, the Bitcoin Exchange Reserve, or the amount of Bitcoin held on exchanges, has steadily declined since 2021 and is currently at a multi-year low, acting as a counterbalance to the selling pressure.

The Miner Supply Ratio and the Miners Position Index also indicate that miner reserves have been exhausted and that selling pressure from miners should be minimized at this point.

Fund investors reacted to Bitcoin’s recent price decline by buying the dip, representing the strongest weekly performance for Bitcoin funds in over a month.

Magazine: Big Questions: Did the NSA create Bitcoin?

Cryptocurrency adoption in Argentina has set records as the local inflation rate skyrockets.

Argentina has been leading the Western hemisphere in cryptocurrency adoption with a 276% annual inflation rate, according to analysts from the American business magazine Forbes.

Crypto adoption in Argentina is higher as a share of its global population than any other country in the Western hemisphere, Forbes analysts reported in an article on July 8. Out of 130 million visitors to 55 of the largest exchanges worldwide, 2.5 million came from Argentina, the report noted, citing website data from Similarweb.

Argentina is also the top market on Binance — one of the world’s largest crypto exchanges — in terms of visitors. According to SimilarWeb, website traffic from Argentina accounts for 6.9% of Binance’s total visits.

Argentines buy spot USDT and “don’t do anything with it”

In contrast to the surging memecoin trend in the crypto industry, the crypto adoption in Argentina has not been driven by memecoins. The locals instead prefer holding stablecoins like Tether (USDT), the analysts claimed, citing remarks by Maximiliano Hin, Bitget’s head of Latin America.

“Argentina is an anomalous market where many people buy USDT and don’t leave room for much else,” Hinz said, adding:

“We don’t see this elsewhere. Argentines buy spot Tether and don’t do anything with it.”

Stablecoins like USDT are a type of cryptocurrency designed to maintain a stable value by pegging to a reserve of US dollars at a 1:1 ratio. With massive local inflation rates, holding money in USDT makes sense for people in Argentina despite the country’s lack of significant measures to protect stablecoin investors.

Argentina’s national securities regulator has registered zero top exchanges so far

Despite Argentina’s friendly stance on cryptocurrencies like Bitcoin (BTC), the country has apparently struggled to create a framework to regulate the industry.

In late 2023, after President Javier Milei took office, Argentina officially endorsed using Bitcoin in legally binding contracts.

Related: Canadian crypto adoption struggles as cash remains king

Since then, Argentina has been trying to regulate the local cryptocurrency market, passing registration requirements for crypto firms in April 2024.

Despite the government’s crypto regulation efforts, Argentina still struggles to provide regulated cryptocurrency services to its population, according to Forbes.

The report claimed that none of Argentina’s top crypto exchanges, including Binance, have registered with the national securities regulator, Comisión Nacional de Valores (CNV).

“To the best of my knowledge, there is no licensing requirement in the Latin American countries where Bitget operates,” Bitget’s Hin stated.

Cointelegraph approached CNV for a comment regarding local crypto regulations but did not receive a response at the time of publication.

Magazine: Crypto-Sec: Phishing scammer goes after Hedera users, address poisoner gets $70K

The cryptocurrency market has displayed a strong bullish recovery by adding 3.71% in its global crypto valuation within the past few hours. Following this, the market leader, Bitcoin price has successfully reclaimed the $57K mark with a gain of 3.11%.

Furthermore, the top altcoins have displayed a similar price action by adding significant valuation to their respective portfolios during this time. With the ongoing price volatility in the crypto space, are the elite crypto tokens on the verge of kickstarting a bull rally?

Dive in as, in this article, we have covered the in-depth market sentiment, price prediction, and analysis of the top 5 cryptocurrencies which are Bitcoin (BTC), Ethereum (ETH), Binance (BNB), Solana (SOL), and Ripple (XRP) as the crypto market hints at a potential bullish breakout rally.

Bitcoin (BTC):

With the ongoing market turmoil, the Bitcoin price has formed a descending channel pattern in the 1D time frame and continues to trade within it. Positively, the market leader is on the verge of testing its resistance trendline of the triangle pattern.

The Relative Strength Index (RSI) has successfully retested its oversold range, indicating an increase in the buying pressure for Bitcoin within the crypto space. Further, the average shows a high possibility of a bullish convergence, suggesting a positive outlook this week.

On the other hand, the MACD indicator has displayed a similar trend by recording a constant decline in the red histogram. Moreover, its averages hint at a potential positive crossover, highlighting increased price action for the BTC price in the crypto market.

If the market continues to gain momentum, the Bitcoin price will break out of its resistance trendline and prepare to test its upper resistance level of $60,819.5 during the upcoming week. Conversely, a bearish reversal could pull the price toward its crucial support of $55,000.

Ethereum (ETH):

The ETH price has successfully retested its crucial support zone, resulting in it recording a jump of over 5% within the past 24 hours. Moreover, the rising hype of EthereumETF has acted as a catalyst in the recent price surge for the Ethereum token.

The technical indicator, RSI, displays a sharp rise in its Ethereum price chart after retesting its oversold range. Further, with a potential bullish convergence, the indicator shows a rising buying-over-selling pressure for the ETH crypto in the market.

Maintaining the price above its important support level will set the stage for the ETH coin price to attempt to test its upper resistance level of $3,400 this month. However, if the bears regain momentum, the Ethereum price will plunge below its $3,000 mark.

Binance (BNB):

Following the bullish recovery in the cross-border market, the Binance price has successfully held its value above its crucial support level of $497.5. Further, this altcoin has added 2.42% to its portfolio with a trading volume of $2.033 Billion, a change of +4.03% over the past day.

The Moving Average Convergence Divergence (MACD) has recorded a constant decline in its negative, highlighting an increase in the bullish influence. However, the averages continue to display a negative pattern, suggesting a mixed sentiment for the BNB coin price this week.

Trading under a bullish sentiment could result in the Binance Coin price testing its important resistance level of $568. However, in case of a bearish reversal, the BNB price could plunge toward its low of $430.

Solana (SOL):

The SOL price has recorded a jump of 7.32% in valuation within the past day with a change of +52.94% in its trading volume to $66.30 Billion. Further, this altcoin has recorded a 24-hour high and low of $143.01 and $131.97. The Solana price further hints at a potential bullish breakout rally.

The Simple Moving Average (SMA) is on the verge of recording a bullish crossover in the 1D time frame, highlighting an increase in the bullish price action for the Solana crypto in the market.

Moreover, the RSI indicator, is on the verge of retesting its mid-point, indicating increased buying and selling pressure in the crypto space. Positively, the average has recorded a bullish crossover, suggesting that the Solana price will continue gaining value this week.

If the bulls continue to gain momentum, the SOL coin price will prepare to test its important resistance level of $155. Maintaining the price at that level will set the stage for the Solana token to head toward its high of $181.5. Negatively, bearish price action could pull the price toward its low of $127.

Ripple (XRP):

Following the bullish bounce back in the cryptocurrency market during the early trading hours today, the XRP price has successfully retested its crucial support trendline and has added 3.15% to its portfolio with a 24-hour trading volume of $1.328 Billion.

The MACD has displayed a decline in the red histogram with its averages recording a high possibility of a bullish action. This indicates a positive outlook for the XRP coin price during the upcoming time.

If the market holds the Ripple price above its crucial support level of $0.420, the bull will prepare to test its upper resistance level of $0.480 this month. Conversely, if the bears overpower the bulls, the XRP price will plunge below its $0.420 level.

Bitstamp, one of five crypto exchanges tapped to help distribute the billions of dollars worth of Bitcoin currently owed to Mt. Gox creditors, said on Monday that it plans to disburse funds to investors as quickly as possible once they are received. 

“According to the agreement with the Mt. Gox trustees, Bitstamp has 60 days to distribute the tokens, though we are of course working to make sure those investors are made whole as soon as possible,” the Robinhood-acquired exchange said in a statement shared with Decrypt. 

The comment sheds some light on the largely opaque and anxiously followed process by which trustees of the defunct Mt. Gox—once the largest crypto exchange in the world—plan to unload 142,000 recovered BTC on creditors who were left empty-handed when the platform was hacked and shuttered in 2014.

Many crypto holders are fearful that dumping too much of that sum on the market at the same time could crater Bitcoin’s price. Last week, as Mt. Gox geared up the process of transferring its BTC stores—sending $2.7 billion worth of tokens from cold storage to an unidentified wallet—Bitcoin fell by nearly 10%. 

Exacerbated by fears of the Mt. Gox BTC refund’s impact on the market, and the German government’s own recent dumping of seized Bitcoin, the world’s top cryptocurrency is down 19% in the last month. 

The total value of all the Bitcoin to be distributed by Mt. Gox’s trustees is roughly $8 billion; the German government still holds some $1.5 billion worth of the token, according to Arkham. 

Experts expect the unloading of those gargantuan sums on the market will all but certainly push Bitcoin’s price even lower. 

“It would need to be a massive July for Bitcoin’s price to resist the sheer weight of supply flooding into the market from Mt. Gox and the German government,” Pav Hundal, lead market analyst at crypto exchange Swyftx, previously told Decrypt. “This could be how we get as low as $50,000.”

Today’s update from Bitstamp indicates the complex and competing priorities at play in sending so much crypto to users at once: while crypto creditors are likely inclined to want to keep Bitcoin’s price stable, they also will want to regain control over funds owed to them as soon as possible.

Edited by Ryan Ozawa.

In a significant shift driven by Republican lawmakers in the United States, led by former President Donald Trump’s pro-crypto stance, there is growing support for adopting Bitcoin (BTC). 

On Monday, a panel of the Republican National Committee (RNC) approved a draft of the party’s 2024 platform that includes strong support for the largest cryptocurrency in the market and the overall industry. This stance stands in sharp contrast to the regulatory approach to digital assets taken by President Biden’s administration. 

Republicans Unveil Pro-Bitcoin Stance

Page nine of the draft, titled “Build the greatest economy in history,” highlights the Republicans’ commitment to reducing “stifling regulations,” promoting job growth, fostering innovation, and ensuring affordability. 

According to the draft, the party vows to implement “transparent and common-sense rulemaking,” a sentiment that resonates with crypto firms and supporters who have consistently called for such measures over the past year.

The draft also emphasizes the Republicans’ intention to halt what they deem as the “Democrats’ unlawful and unAmerican crackdown on cryptocurrencies.” They firmly oppose the creation of a Central Bank Digital Currency (CBDC) and pledge to defend the right to mine Bitcoin. 

Additionally, they vow to safeguard every American’s right to self-custody their digital assets and engage in transactions free from government surveillance and control. The draft reads:

Republicans will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency. We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control.

Fueling Price Speculations

Notably, advisors to former President Trump have advocated for considering Bitcoin as a strategic reserve asset in the event of a victory in the November elections. 

One such advisor is Vivek Ramaswamy, a former presidential candidate, who has been counseling Trump on Bitcoin and digital assets. Ramaswamy has proposed backing the US dollar with a basket of commodities, including Bitcoin, to curb inflation and maintain the currency’s long-term value.

These developments have led many to believe that a Trump victory in the November elections against President Biden could significantly propel the Bitcoin price to new all-time highs. 

As previously reported by Bitcoinist Manuel Villegas, asset manager Julius Baer explained that Trump’s energy policy proposals could particularly benefit crypto mining companies. 

By enabling alternative energy sources for Bitcoin mining, Villegas believes these policies could ultimately contribute to the long-term growth of the BTC price. However, it remains to be seen whether these policies outlined by the Republican Party will be able to be implemented, as they still have 4 months before the November election. 

At the time of writing, BTC was trading at $56,360, down over 10% weekly and nearly 20% in the past 30 days.  

Featured image from DALL-E, chart from TradingView.com

Blockchain-focused asset manager DigitalX has received regulatory approval to launch its spot Bitcoin exchange-traded fund (ETF), which will become the second Bitcoin ETF to trade on the Australian Securities Exchange (ASX).

The DigitalX Bitcoin (BTC) ETF will be listed under the ticker BTXX on July 12 at 10 am local time, the firm revealed in a July 8 X post.

The approval to list BTXX was described as a “watershed moment” by its CEO, Lisa Wade.

“The DigitalX Bitcoin ETF is a spot ETF product that provides ASX customers with direct access to Bitcoin via a regulated and liquid fund structure,” she said.

“It is exciting to see the growth and development of the digital assets markets reflected in this approval” in Australia, added DigitalX’s Chair Toby Hicks.

DigitalX Bitcoin partnered with investment management firm K2 Asset Management to act as the responsible entity and issuer of the spot Bitcoin ETF.

DigitalX will also work with cryptocurrency-focused investment firm 3iQ to promote and distribute the product across Australia and internationally.

Related: Bitcoin ETFs make 26% of BlackRock’s 2024 inflows, 56% of Fidelity’s

It comes a little over three weeks after the ASX approved VanEck’s spot Bitcoin ETF on June 15, which commenced trading on June 20 local time.

The VanEck Bitcoin ETF (VBTC) closed its first trading day with $1.3 million in volume — far below the $450 million daily average seen by the nine United States spot Bitcoin ETFs across their first ten trading days.

Australian fund manager Betashares is also pursuing a Bitcoin ETF on the ASX, according to an April report from Bloomberg. 

Magazine: Polkadot’s Indy 500 driver Conor Daly: ‘My dad holds DOT, how mad is that?’

Crypto analyst Dark Defender has highlighted an important indicator that could cause the XRP price to repeat its legendary price move from 2017. The analyst joins several other analysts who have suggested that XRP could replicate its price gains from that bull run. 

How XRP Price Could Replicate 2017 Price Gains

Dark Defender claimed in an X (formerly Twitter) post that XRP’s current pattern is identical to the 2014-2017 pattern and will remain so unless the $0.3917 “Point of Control” is not protected. The analyst explained that this Point of Control (POC) refers to the price level where most trades have taken place since 2014.  

Related Reading

Therefore, with XRP maintaining this POC since 2014, the crypto token could replicate its historic price gain from 2017, when it rose by 61,000% in 280 days. In another X post, Dark Defender also claimed that XRP’s current pattern was identical to the 2013-2017 pattern he had previously highlighted. Considering this, he stated, “It will be an absolute art to see $5.85 and above.”

Dark Defender also highlighted another indicator that shows XRP’s bullish prospects. He noted that the crypto token’s daily and weekly Relative Strength Index (RSI) is at “the bottom and oversold.” He added that the monthly RSI is at the same level as March 2020 and November 2022. 

Crypto analyst Mikybull Crypto also stated that XRP might replicate its 2017 rally, given the current price action path the crypto token is following. He predicted that the crypt token could rise above $4 if this were to happen. Mikybull Crypto added that he was confident about this scenario playing out for XRP because the sentiment around the crypto token is bleak. 

Meanwhile, crypto analyst Javon Marks also alluded to XRP’s price gain when he recently predicted that the crypto token could witness a 39,000% price rally and rise to $200. He made this prediction based on his Full Logarithmic Follow-Through indicator, which he noted was supported by historical data. 

XRP To Still Rise To As High As $18.22

In his most recent X post, Dark Defender again predicted that XRP could rise as high as $18.22. He stated that the crypto had hit the latest Fibonacci support of $0.3917 (also the POC) of the 5 Elliot Waves, with a target of $1.88, $5.85, and $18.22 now in sight. He warned that any movement below $0.3917 could alter the structure he has been observing. 

Related Reading

Meanwhile, the crypto analyst mentioned that a bullish reversal is on the cards for XRP, alluding to the fact that the crypto token’s weekly RSI hit the lowest points, thereby signaling that XRP is an oversold area. 

At the time of writing, XRP is trading at around $0.42, down over 4% in the last 24 hours, according to data from CoinMarketCap.

Featured image created with Dall.E, chart from Tradingview.com

The crypto market is under pressure. Yet, this gloomy outlook hides a silver lining. The market is poised for a potential bull run, and certain altcoins are primed to explode at any moment. Savvy investors are scouring for opportunities amid the chaos, eager to discover which altcoins are ready for meteoric growth. The current dip presents a rare chance to buy these gems at bargain prices. This article unveils the top 3 explosive altcoins that should not be overlooked and provides insights into why they are set to soar.

CYBRO Presale Surges Beyond $1 Million, Positioning as a Premier NeoBank Investment

CYBRO has swiftly surpassed the $1 million mark in its exclusive token presale, capturing the interest of prominent crypto whales. As a cutting-edge NeoBank, CYBRO provides investors with unparalleled opportunities to maximize earnings across varying market conditions.

Industry experts are projecting a potential ROI of 1200%, with CYBRO tokens currently priced at $0.025 each in the presale phase. This technologically advanced initiative has garnered significant attention from leading crypto influencers, reflecting strong market confidence and interest.

Token holders will benefit from lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a comprehensive insurance program within the platform.

With just 21% of total tokens allocated for the presale and approximately 25 million tokens already sold, investors are presented with a prime opportunity to secure a stake in this unique project.

Join CYBRO and target returns up to 1200%

Sei (SEI) Gears Up for Potential Bull Run Amid Market Volatility

Despite the recent market dump, Sei (SEI) is showing signs of a potential comeback. Trading between $0.32 and $0.38, bulls seem ready to challenge the nearest resistance at $0.41. Although the coin has seen declines over the last week and month, the current support at $0.29 is holding strong. With a RSI of 36.15 and a Stochastic of 13.08, SEI hints at being oversold, indicating a ripe opportunity for growth. Breaking past $0.41 could open doors to the second resistance at $0.47, a potential rise of nearly 24%. All eyes are on SEI for a bullish breakout.

Aptos (APT) Shows Resilience Amid Market Dip, Bulls Eye Higher Levels

Aptos (APT) is weathering the recent market slump, showing signs of resilience. Its current price floats between $6.61 and $7.32, with the nearest resistance at $7.57 and support at $6.16. While the week’s 15.67% drop might seem bearish, the coin’s potential for growth remains strong. If APT breaks past $7.57, it could target the second resistance level at $8.27. This move would mean a rise of over 20% from the current range. The 10-day and 100-day moving averages show stability at around $5.83 and $5.94. With an RSI of roughly 48 and Stochastic near 31, APT has room to climb back up, showing potential for a bullish breakout.

Conclusion

SEI and APT offer less potential in the short-term. However, CYBRO, a technologically advanced DeFi platform, provides huge opportunities. With AI-powered yield aggregation on the Blast blockchain, CYBRO helps investors maximize earnings. Features like lucrative staking rewards, exclusive airdrops, and cashback on purchases enhance the user experience. Seamless deposits and withdrawals add to its appeal. Transparency, compliance, and quality set CYBRO apart. Crypto whales and influencers are showing strong interest. It stands out as a promising project for those looking to invest.

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The German government wallets have added to the tempo of their Bitcoin (BTC) sell-off by sending more than 16,000 BTC to crypto exchanges and market makers on Monday, July 8.

After transferring over 2,700 BTC earlier in the day, the German government wallet quickly dumped more than 13,200 BTC.  

German government moves 16,000 BTC, largest single day transfer

On-chain data showed German government wallets transferred $155 million worth of BTC to multiple exchanges after an earlier small dump. But this appears to have only been the beginning, with Bitcoin’s reaction being a price drop from above $57k to just under $56k.

Within hours of these first transactions, however, the wallets sent an additional 8,100 BTC worth more than $463 million to crypto exchanges.

In minutes, another huge transfer followed.

According to blockchain security and intelligence firm Arkham tracked wallet movements showed the total for the day to have reached over 16,000 BTC. It makes today’s offloading the largest single-day dump by the German government, Arkham noted.

The German Government sent another 5200 BTC ($297.3M) to Kraken, Bitstamp, Coinbase and 139Po right after we posted this tweet. That makes this the biggest day for them so far – over 16,000 BTC in total.

They currently hold 23,787.7 BTC ($1.35B). Less than half of the BTC… pic.twitter.com/tO7r0J0w08

— Arkham (@ArkhamIntel) July 8, 2024

Per on-chain data, the other notable transfer from the German government wallet on July 8 was the 2,738.7 BTC sent to exchanges and market makers, including Kraken and 139Po.

German government still hold over 23,000 BTC

According to Akham, these latest BTC transfers included fresh interactions with Cumberland and the address bc1qu. The prolific selling has seen the German government’s Bitcoin holdings decrease sharply in the past few weeks.

From 50,000 bitcoin seized early this year, on-chain data shows Germany’s current BTC holdings stand at around 23,787 BTC. The value of the holdings has fallen from over $3 billion to around $1.35 billion today. The German government seized these bitcoins from pirated movie site Movie2k.

Bitcoin price is currently down 1.3% in the past 24 hours to change hands around $56,152.

BTC price is down more than 10% in the past week, with both the government selling and Mt.Gox repayments contributing to the downside movement.

Discover how BlockDAG is transforming crypto mining. Explore its presale, investment potential, legitimacy, and future listings.

BlockDAG is revolutionizing the cryptocurrency mining landscape with its innovative and eco-friendly approach. Designed to offer early adopters a unique investment opportunity, BlockDAG’s presale provides significant benefits for investors looking to capitalize on the burgeoning crypto market.

With advanced technology inspired by Bitcoin and Kaspa, BlockDAG aims to create a decentralized, efficient, and secure blockchain ecosystem. This article explores the key aspects of BlockDAG, including its presale, investment potential, legitimacy, investment process, and future listings. Understanding these elements will help investors make informed decisions about this promising cryptocurrency project.

1. What is BlockDAG Presale?

The BlockDAG presale is an exclusive opportunity for early adopters to purchase BDAG coins before the public launch. Starting in late December 2023, the presale offers tokens at a discounted price, enabling participants to acquire large amounts of BDAG at a fraction of the expected public offering price.

This phase is structured across 45 batches, each offering different opportunities, incentives, or token pricing. The presale aims to raise funds to further develop the BlockDAG platform, test market interest, attract strategic partners, and address regulatory considerations. Early investors benefit from preferential token prices and the potential for higher returns as the network grows.

2. Is BlockDAG a Good Investment?

Investing in BlockDAG during the presale can be highly lucrative, given its innovative approach and potential for substantial returns. The cryptocurrency market has seen early investments in projects like Ethereum and Bitcoin yield significant gains. BlockDAG offers multiple income streams, including coin trading, mining, and specialized mining rigs, making it a versatile investment option.

Additionally, BlockDAG’s eco-friendly mining process and commitment to rapid development, with a mainnet launch planned within four months of the presale, demonstrate its potential for sustained growth and profitability. The limited token supply and tiered pricing structure further enhance its investment appeal.

3. Is BlockDAG Real?

Yes, BlockDAG is a legitimate and real cryptocurrency project. The increasing number of participants in the presale is a testament to the project’s reliability and potential success. BlockDAG’s mining process employs sophisticated heat sinks, thermal pads, and cutting-edge algorithms to ensure stable and eco-friendly operations.

The project is inspired by the protocols of Bitcoin and Kaspa, but it incorporates its unique modifications and enhancements to meet specific goals within the crypto space. BlockDAG’s hybrid consensus mechanism, high transaction speed, and decentralized structure further solidify its authenticity and credibility in the blockchain industry.

4. How to Invest in BlockDAG?

Investing in BlockDAG is a straightforward process. Here’s a step-by-step guide to getting started:

1. Visit the BlockDAG Website: Navigate to the official BlockDAG website and sign up for an account.
2. Participate in the Presale: Purchase BDAG coins during the presale to benefit from lower prices. There is no minimum or maximum investment required, allowing you to tailor your purchase to your financial capacity.
3. Download the BlockDAG X1 Crypto Miner App: Available for both Android and iOS platforms, the app enables you to start mining BDAG coins. Alternatively, you can purchase dedicated mining rigs from the BlockDAG website.
4. Set Up Your Mining Rig or App: Follow the provided instructions to configure your hardware or software for optimal mining performance.
5. Establish a Stable Network Connection: Ensure seamless communication with the BlockDAG network for efficient mining operations.
6. Configure Mining Pool Settings: Optimize your mining experience and maximize your BDAG coin yields by setting up the mining pool settings correctly.

5. Where Will BlockDAG Be Listed?

Upon the completion of the presale, BDAG will be available on major centralized (CEX) and decentralized (DEX) exchanges. This broad availability ensures ease of access and liquidity for investors looking to trade BDAG coins.

The listing on various trading platforms will provide users with multiple options to buy, sell, and trade BDAG, enhancing its market presence and user engagement. The exact exchanges will be announced closer to the end of the presale, offering detailed information on where and how to access BDAG coins in the broader cryptocurrency market.

Final Verdict

BlockDAG represents a groundbreaking venture in the cryptocurrency world, offering a blend of advanced technology and strategic opportunities for investors. Its presale, investment potential, and commitment to rapid development underscore its promise as a significant player in the market.

With a focus on eco-friendly mining and decentralization, BlockDAG is poised to attract a wide range of investors. As BDAG prepares for its mainnet launch and exchange listings, staying informed about its progress and developments will be crucial for those looking to capitalize on this innovative and promising cryptocurrency project.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. 

The information on this page does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained herein.

One catalyst for the recent selloff stems from repayments made by Mt. Gox, according to Matteo Greco, a research analyst at investment firm Fineqia International. The Tokyo-based crypto exchange went bankrupt a decade ago following a hack, but it’s begun to return about $8 billion in Bitcoin to creditors.

According to Greco, so far it’s been verified that 47,228 Bitcoin from a Mt. Gox–associated wallet have moved to a new address likely designated for repayments. Although investors may be required to wait up to three months to access the funds, news of repayments spooked the market and triggered current holders to begin selling, says Greco.

‘Finite’ selling pressures

Adding to this pressure is the Bitcoin recently transferred to exchanges by the German and U.S. governments. Over approximately two weeks, wallet addresses linked to those nations have sent $737.6 million in Bitcoin to Coinbase, Bitstamp, Kraken, and Flow Traders, according to Blockworks. It is believed that the Bitcoin in question was seized by authorities via various criminal cases.

But zooming out further, the coin has failed to gain momentum since mid-March, when it hit record highs of just over $73,000. The MVRV ratio (market value versus realized value) currently stands at around 1.5, indicating an average unrealized profit of 50% among market participants, according to Greco. “This is a steep decline from the value above three observed in March,” he adds. 

Additionally, selling pressure remains high after April’s Bitcoin halving, which reduced the rewards miners receive for minting new coins by 50%. While this pressure has shown signs of decreasing in recent days, it still exceeds demand, worsening the short-term price drop, says Greco.

If the current retreat lasts until the end of this week, Bitcoin will have been in decline for five consecutive weeks, the longest span since the 2022 bear market. Traders “don’t want to get in front of billions of dollars of supply that could hit the market in the weeks ahead,” Andrew Baehr, head of product at CoinDesk Indices, told Fortune.

And although these market pressures are adding up in the short term, they remain “finite,” and investors, from a historical perspective, can expect some sort of resolution, adds Baehr, who compared the situation to the market “cleaning up dirty dishes. Potential waves of new adoption can scale larger and can be a source of support to drive prices higher.”

What about the ‘Trump Trade’?

As the market looks for a way out of the almost-four-month rut, some are looking toward the possibility of a “Trump Trade” to turbocharge the market—the term for a rally toward the year’s end in the event of the former president’s victory in November’s election. Following last week’s disastrous presidential debate for President Joe Biden, some see the odds of a crypto-friendly president growing.

In recent months, Trump has sought to mine every dollar and vote from the crypto industry that he can, including courting executives of publicly traded Bitcoin miners CleanSpark and Riot Platforms to an event at Mar-a-Lago. Weeks before that meeting, Trump allegedly turned to Elon Musk for advice on carving out his crypto policy, Bloomberg reported. His presidential campaign has also begun to accept donations via any crypto asset accepted through Coinbase.

The crypto market is in turmoil, and amidst the turbulence, some assets are drawing particular interest. The number of significant XRP-containing wallets continues to grow, even though this crypto is facing many challenges. This mysterious accumulation occurs in an agitated market context, raising questions about the long-term prospects of this asset.

More than 2,000 Crypto Wallets Hold 1 Million XRP

Since the beginning of 2024, the number of wealthy addresses holding at least 1 million XRP has seen a significant increase. From 1957 at the beginning of the year, this figure has risen to 2043, an increase of 86 additional wallets. This trend indicates increased confidence among major investors despite market volatility. Addresses holding between 1 million and 10 million XRP have also followed this upward trend, increasing from 1570 to 1586, an increase of 16 wallets.

At the same time, wallets holding between 10 million and 100 million XRP recorded the largest growth, increasing from 190 to 259, an addition of 69 wallets. This shows that big investors continue to accumulate XRP, possibly seeing long-term potential despite current market challenges. However, wallets containing between 100 million and 1 billion XRP remained constant at 38, with no increase or decrease.

XRP Facing a Tough Year

Since the beginning of 2024, Ripple’s XRP crypto has recorded disappointing performances. In January, XRP was trading above $0.60, but it quickly lost ground, falling below the psychological thresholds of $0.60 and $0.50.

Currently, the crypto is trading around $0.46, a decrease of 24.68% since the beginning of the year. This drop contrasts sharply with other major cryptos like Bitcoin, which has risen by 41% in 2024, and Ether, which has increased by 43.6%. Despite these significant declines, the confidence of major investors in XRP seems to remain intact. The number of addresses holding large amounts of this crypto continues to increase, signaling continued accumulation.

Major investors seem to be betting on a future rebound, as evidenced by the increase in addresses holding large amounts of XRP crypto. It remains to be seen if this confidence will be justified in the coming months.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

The market sentiment has been dwindling for the upcoming bull market later this year in 2024 and into 2025. However, analyst Altcoin Buzz said that there is excitement revolving around interoperability in the crypto space. Specifically, there is a focus on projects that offer cross-chain information and messaging platforms, including bridges and Layer 0 chains. 

The analyst said that these projects are impressive not because they are meme coins or AI cryptos, but because of their interoperability features He brought to attention four promising and best altcoins that stand out for their interoperability capabilities. Here is the list: 

Chainlink

The first altcoin discussed is Chainlink (LINK), which is part of a bull run narrative centered around infrastructure. Chainlink’s value grows alongside the growth of smart contracts, real-world assets (RWA), and the AI sector. If these sectors expand exponentially, Chainlink is expected to see an increase in value. 

Wanchain

The analyst continued by discussing Wanchain, explaining it as their favorite bridge in the entire crypto space due to its safety, trust lessness, and decentralization. It offers easy and fast bridging solutions for the four most popular assets: Bitcoin, Ethereum, USDC, and USDT. 

Wanchain recently enabled linking native USDC from Noble on Cosmos to over 10 other blockchains that also offer native USDC. This eliminates the need for derivatives or wrapped products. 

Cosmos Hub

He added that another longtime favorite in the interoperability space is Cosmos Hub. Over the past 12 months, ATOM holders have faced difficulties, with the token’s value dropping about 12-15%. The last 90 days have been particularly tough, with a decline of around 45%. Despite these price setbacks, Cosmos continues to grow. Currently, there are 89 zones in the map of zones, and this number keeps increasing each quarter.

Despite the token’s substantial decline, the analyst sees nothing but improvements from the Cosmos team, presenting this as a buying opportunity.

Polkadot

Lastly, another key player in the interoperability narrative is Polkadot (DOT). Like Cosmos, Polkadot has had a challenging three months, with its value nearly halving. However, over the last 12 months, Polkadot is up about 30-35%.

Polkadot continues to enhance its technology and applications, making steady improvements. Despite recent price declines, the analyst views this as a buying opportunity for a potential long-term hold in a high-quality project.

Also Read: Crypto Investment Strategy: Top 5 Best Bet Altcoins Amid Market Crash

A trustee of defunct crypto exchange Mt. Gox says that some of its creditors have received compensation in the form of digital assets.

In a new statement, Mt. Gox trustee Nobuaki Kobayashi says that some Mt. Gox creditors have received Bitcoin (BTC) and Bitcoin Cash (BCH) as reimbursement as a part of the firm’s rehabilitation plan.

However, Kobayashi notes that not all creditors have been settled up with, and that the others will be taken care of once specific conditions are met.

“On July 5,2024, the Rehabilitation Trustee made repayments in Bitcoin and Bitcoin Cash to some of the rehabilitation creditors through a part of the Designated Cryptocurrency Exchanges etc. in accordance with the Rehabilitation Plan.

Repayments to other rehabilitation creditors will be promptly made once the following conditions have been met:

• (i) confirmation of the validity of registered accounts and other matters;
• (ii) acceptance of the intention to subscribe to the Agency Receipt Agreement by Designated Cryptocurrency Exchanges etc.;
• (iii) completion of discussions between the Rehabilitation Trustee and Designated Cryptocurrency Exchanges etc. regarding repayments; and
• (iv) confirmation that repayments can be made safely and securely. We ask eligible rehabilitation creditors to wait for a while.”

Mt. Gox was the world’s largest BTC exchange in the early 2010s before it went bankrupt and lost most of its tokens due to theft.

Earlier this month, crypto asset management firm CoinShares released a report saying that most Mt. Gox creditors will likely hold on to their BTC and when they do sell, they’ll likely do so spread out over many crypto exchanges, giving other traders the opportunity to counter the downward price pressure created by their sales.

“The distributions will occur on a number of exchanges (Bitstamp, Kraken, Bitbank, BitGo, SBI VC Trade and others) at different dates throughout the month, softening the likelihood of large concurrent selling.”

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BlockDAG’s Edge with Cutting-Edge Mining Technology

BlockDAG has so far earned $56.8 million in its presale with cutting-edge crypto mining rigs pushing its potential for achieving returns up to 30,000x. The X10, X30, and X100 mining models are crafted for effective and eco-friendly mining operations. The X10 miner is a compact device, resembling a Wi-Fi extender, and boasts a 100 MH/s hash rate, capable of generating up to 200 BDAG daily. It operates at a low noise level with just 40 watts of power and offers both Wi-Fi and Ethernet connectivity, making it perfect for residential use.

The X30 miner represents a significant step up, delivering a 280 GH/s hash rate, which triples the X10’s efficiency. Despite its powerful performance, it retains a small footprint and enhances mining capabilities. Equipped with sophisticated ASIC technology, the X30 is versatile, catering to both novice and seasoned miners by offering a scalable and effective mining solution within the BlockDAG framework.

For those involved in extensive mining operations, the X100 miner is the top choice. It features a robust 2 TH/s hash rate and consumes 1800W of power. This model can produce up to 2,000 BDAG daily, utilizing high-end ASIC technology to maximize efficiency and scalability. Its capabilities make it ideal for dedicated miners aiming for significant returns, further solidifying BlockDAG’s appeal to investors seeking high-yield opportunities.