Crypto Pro Updates
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๐Ÿš€ CryptoProUpdates โ€“ Stay ahead in crypto!
๐Ÿ“ข Get the latest news, signals & market insights.
Admin: @Artkaio
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๐Ÿ—ฝ๐Ÿ‘€ Bitso management held a series of meetings in Washington, D.C., as part of a plan to enter the U.S. market.
๐Ÿ‡ฏ๐Ÿ‡ต๐Ÿฅณ Japan's finance minister recognizes that cryptocurrencies deserve a place in diversified investment portfolios.
๐Ÿ’ฐ #BTC #MSTR Michael Saylor's 'Strategy' buys 3,081 Bitcoin worth $342 million.
๐Ÿ’ฐ #ETH Bitmine (#BMNR) reported that they acquired 190,500 ETH last week and now own 1,713,899 ETH.
๐ŸŽฉ #BNB Former Bitmain executives will launch treasury firm BNB backed by YZi Labs, aiming to raise $1 billion. theblock.co
๐Ÿ™‹โ€โ™‚ #SOL Sharps Technology, Inc. announces >$400M private placement to create Solana's largest treasury. prnewswire
โœ…๐Ÿ‘€ #ETH ETHZilla (#ETHZ) announced board approval of a share repurchase program worth up to $250 million and said it now owns a total of 102,237 ETH.
๐Ÿ—ฝ๐Ÿ‘€ Broker Webull will once again provide cryptocurrency trading services to US customers.
๐Ÿ’ฐ #SOL DeFi Development (#DFDV) will sell $125 million worth of stock, with proceeds going toward the purchase of SOL. source
๐Ÿถ #SHOT Safety Shot received a $30M strategic investment from the BONK and FalconX team.
๐Ÿ“Š๐Ÿ‘€ Report CoinShares on crypto financial flows over the past week:
- Last week, outflows from investment products into digital assets totaled ~$1.43 billion;
- #BTC had $1 billion in outflows;
- #ETH had $440 million in outflows;
- #XRP ($25M), #SOL ($12M), and #CRO ($4.4M) saw inflows.
๐Ÿ”ฎ๐Ÿ™‹โ€โ™‚ Kalshi will expand into the crypto sphere following the appointment of John Wang as head of crypto.
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๐Ÿ’ณ๐Ÿค #XRP Gemini have launched a credit card in partnership with Ripple. coindesk
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๐Ÿ”ฎ๐Ÿ“ˆ Arthur Hayes predicts that the price of #HYPE could rise 126 times in the next three years, and Hyperliquid's annual fee income will increase from $11.2 billion to $258 billion.
Arthur Hayes also stated that the bull market in cryptocurrencies will continue until 2028, and DeFi platforms such as Ethena (#ENA) and Hyperliquid will benefit from a large influx of stablecoin liquidity.
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๐Ÿ’ฐ #ENA #USDE Mega Matrix (#MPU) announced the creation of a treasury reserve strategy for stablecoin management tokens that utilizes ENA as a key strategic reserve asset.
๐Ÿ’ฐ #IP Heritage Distilling (#CASK) has raised $223.8M (including $128.8M in IP tokens) with support from Story Foundation, a16z, Amber Group and others. Heritage currently owns 53.2 million IP worth $320 million in tokens.
๐Ÿ’ธ Anchorage Digital launches venture capital arm to support early-stage onchain protocols. theblock
๐Ÿ“Š๐Ÿ‘€ #RAY State of Raydium in Q2:
- Average daily trading volume fell 69.2% from a record $3.6 billion in Q1 to $1.1 billion
- total trading volume on LaunchLab platforms exceeded $1.1 billion (trading volume on BONKfun totaled $818.8 million and on Raydium's LaunchLab interface totaled $309.2 million);
- Raydium's share of total volume on DEX declined from a record 17.0% in Q1 to 6.6% in Q2;
- TVL +54.7%.
๐Ÿ‡ฆ๐Ÿ‡ช ๐Ÿ‘€ #BTC Arkham: The UAE is the fourth largest nation in terms of BTC assets (holding nearly $740 million worth of coins).
The UAE's assets are not from asset forfeiture, but from the mining operations of Citadel Mining. They have mined about 9,300 BTC so far and still own at least about 6,300 BTC. Citadel Mining is 85% owned by 2pointzero, which is 100% owned by IHC. IHC is 61% owned by UAE Royal Group, which is a conglomerate owned by Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi royal family.
๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‘€ #INJ SEC accepted Canary Capital's application to launch an Injective ETF for review.
๐Ÿ“Š๐Ÿค” #BTC Glassnode: Relative to prior cycles, Bitcoinโ€™s all-time highs in 2017 and 2021 were reached just 2โ€“3 months ahead of todayโ€™s point in the cycle. While history is a limited guide, itโ€™s a noteworthy context given recent profit-taking and elevated speculative activity.
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