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Top #CryptoNews in past 12 hours

1️⃣The
#Fed's August 1 Interest rate decision has a 96% chance of no change, 85.8% cut probability as per CME markets Data

2️⃣
#Blonkfi closed its Pre-Seed round with UOB Venture Management and Signum Capital. The testnet was set for August 1.

3️⃣Last week,
#Bitcoin spot #ETFs had $535M inflows. BlackRock gained $758M; Grayscale lost $120M.

4️⃣ UK hacker Elliot Gunton, who compromised 500 Coinbase accounts, was sentenced to 3.5 years.

5️⃣Last week, digital assets had $245M inflows;
Bitcoin gained $519M, #Ethereum lost $285M.

6️⃣ The Ethereum Foundation transferred $9.16M in TKO tokens to
Bitcoin Suisse after Taiko’s mainnet launch.

7️⃣
#ElonMusk criticized Democrats for "importing voters" and endorsed Trump amid immigration policy debates.
πŸ”΅#CryptoMarket Cap: $2.48 trillion, up 2.57% in the last day.

πŸ”΅24-Hour
#Crypto Volume: $56.72 billion, down 23.25%.

πŸ”΅
#DeFi Volume: $3.35 billion, 5.90% of the total.

πŸ”΅
#Stablecoin Volume: $51.18 billion, 90.23% of the total.

πŸ”΅
#Bitcoin Dominance: 55.48%, up 0.05%.
JUST IN: #Bitcoin Hits $70K
By 2045, the price of Bitcoin will reach $13 million, according to Michael Saylor.

He made this statement at a Bitcoin conference in Nashville. Under this average scenario, Bitcoin will account for 7% of the world's wealth.

Negative scenario: $3 million per coin
Positive scenario: $49 million per coin.



#Bitcoin #Microstrategy #MichaelSaylor #Coinpedia
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#ETH Exposure Sparks Interest in #ETFs

Source: @bloombergcrypto

πŸ”΅Digital currency-backed
#ETFs expected in model portfolios by late 2024, says #BlackRock chief investment officer Samara Cohen in a Bloomberg interview on July 29.

πŸ”΅Big firms like Morgan Stanley, Wells Fargo, and UBS are analyzing
#crypto ETFs. These firms conduct risk analytics and due diligence.

πŸ”΅Focus is on
#Bitcoin ($BTC) and #Ethereum ($ETH) roles in portfolios.
πŸ”΅Global #cryptomarket cap is $2.4T, down 3.31% in 24 hours.

πŸ”΅Total
#crypto volume is $77.78B, up 33.67%.

πŸ”΅
#DeFi volume is $4.1B, 5.27% of total volume.

πŸ”΅
#Stablecoins volume is $70.84B, 91.08% of total volume.

πŸ”΅
#Bitcoin’s dominance is 54.84%, down 0.70%.
πŸ”΅Global #CryptoMarket Cap: $2.38 trillion, down 0.61%.

πŸ”΅Total
#Crypto Market Volume (24 hours): $63.5 billion, down 18.59%.

πŸ”΅
#DeFi Volume (24 hours): $3.55 billion, 5.59% of total.

πŸ”΅
#Stablecoin Volume (24 hours): $57.88 billion, 91.16% of total.

πŸ”΅
#Bitcoin Dominance: 54.78%, down 0.08%.