🔮🙋♂ Kalshi will expand into the crypto sphere following the appointment of John Wang as head of crypto.
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💳🤝 #XRP Gemini have launched a credit card in partnership with Ripple. coindesk
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🔮📈 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.
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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💸 Anchorage Digital launches venture capital arm to support early-stage onchain protocols. theblock
📊👀 #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%.
- 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%.
🇦🇪 👀 #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.
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.
🇺🇸👀 #INJ SEC accepted Canary Capital's application to launch an Injective ETF for review.
📊🤔 #BTC Glassnode: Relative to prior cycles, Bitcoin’s all-time highs in 2017 and 2021 were reached just 2–3 months ahead of today’s point in the cycle. While history is a limited guide, it’s a noteworthy context given recent profit-taking and elevated speculative activity.
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💰 #BTC DDC Enterprise buys 200 additional Bitcoin, now holding 888 BTC
🐳 #ETH Arkham: This massive whale just bought $2.55B USD of ETH from Hyperunit and staked it all through the same staking contract.
🕹 #RWA The World Federation of Exchanges (WFE) called on regulators, including the US SEC, ESMA and IOSCO, to tighten controls on tokenized shares as these "tokens mimic shares without providing the same rights and trading guarantees, which could harm the integrity of the market." reuters
🇺🇸🇨🇳 #tradewars Trump: China has to supply us with magnets. If they don't, we'll slap them with 200% duties or something like that
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📉 #BTC Glassnode: All Bitcoin cohorts have now decisively moved into distribution, led by the 10–100 BTC group. The uniformity across cohorts highlights broad sell-side pressure emerging in the market.
📊 Glassnode: #BTC is now trading just above $110.8k, the average cost basis of 1m-3m old investors who accumulated during the May–July rally to new ATHs. Historically, failure to hold above this level has often led to multi-month market weakness and potential deeper corrections.
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