🚨 Unusual Exchange Inflows
4,554.93 #BTC ($272,282,165)
aggregated inflows to spot exchanges in an hour

1. Coinbase_prime 4,249 BTC (93%)
2. Coinbase_advanced 240 BTC (5%)
3. Bitstamp 26 BTC (0%)

🔗 Uniswap to Launch Its Own Layer-2 Network

The developers of Uniswap, the largest decentralized exchange, have announced the launch of their own Layer-2 network called Unichain. The Unichain testnet will launch today, with the mainnet set to go live in November.

The developers claim a 95% reduction in transaction costs compared to Ethereum on the base layer, nearly instant transaction execution, and built-in protection against MEV (Maximal Extractable Value), which involves manipulating the transaction order in the blockchain, such as front-running other trades.

Unichain will utilize Optimism’s network solutions, and the developers promise equally fast asset conversion between similar networks within the Superchain ecosystem, such as Coinbase’s Base network.

In 2025, UNI token holders will be able to become validators for Unichain.

✔️ Ripple has updated its Ripple Custody service, adding new features for the secure storage of digital currencies.

Banks and fintech companies will also be able to tokenize real-world assets.

✏️ Google has integrated Ethereum Name Service (ENS) domain names.

Now, users can enter a username in the search bar to view the balance of their account.

🔼By the end of 2025, Solana will increase in value fivefold if the Republican candidate, Donald Trump, wins the U.S. presidential election.

This was stated by Standard Chartered.

Ethereum will rise to $7,000 in the event of a Harris victory and to $10,000 if Trump wins, according to the experts.

📊 U.S. regulators have seized a total of $32 billion from crypto companies.

This ranking is from CoinGecko. In some cases, the funds will be used to compensate affected users, such as FTX users.

📆 Given that 285 days have already passed this year, 2024 could go down in history as the longest sideways trend in all the years following a halving.

For this anti-record not to happen, the bull run must start within the next 14 days.

💸 Bitwise analysts have calculated that 56.8% of the BTC supply is concentrated in "personal wallets," 17.6% is inactive, 5.2% is held by funds, 4.8% is on Satoshi Nakamoto's addresses, 3.3% belongs to businesses, and 2.4% is held by governments.

The remaining 6.2% has yet to be mined.

📊 Analysts from the investment platform Bitwise have assessed the level of crypto adoption among major players in the financial world.

Specifically, the report highlights crypto trading and custodial services, the presence of private crypto funds, ETFs, and payments in digital assets, as well as support for tokenization, meaning the transition of traditional assets to blockchain.

✔️ Overall, the situation looks promising. The leader of the ranking is JPMorgan, which also uses its own blockchain platform called Onyx.

🔝 The number of TON crypto asset holders has reached 90 million. Since the beginning of the year, this figure has increased by 2400%.

💸 The crypto market saw growth over the weekend. Bitcoin rose to around $64,000, while Ethereum climbed above $2,500. Most top-100 altcoins are in the green.

🔼 Top gainers: BRETT +20%, WLD +15%, ENA +13%.
🔽 Top losers: POPCAT -7%, HNT -3%, UNI -2%.

The Fear and Greed Index moved into the neutral zone, reaching 48.

☄️Avalanche Foundation to Buy Back AVAX from Luna Foundation Guard.

Avalanche Foundation has announced that the fund has reached an agreement to buy back all AVAX tokens previously sold to Luna Foundation Guard (LFG) in April 2022.

💵 1.97 million AVAX will be returned to the Foundation's assets, which will contribute to the growth and development of the Avalanche ecosystem.

Luna Foundation Guard (LFG) is currently awaiting approval from the bankruptcy court.

💸 CryptoQuant analysts highlight the close relationship between the balance of popular stablecoins on exchanges and the price of Bitcoin. It's evident that investors are depositing such tokens on trading platforms to purchase other coins.

This is a metric definitely worth monitoring.

✅ Unusual Exchange Outflows
7,208.97 #BTC ($475,873,222)
aggregated outflows from multiple exchanges in an hour

1. Coinbase_prime 2,615 BTC (36%)
2. Coinbase_advanced 1,836 BTC (25%)
3. Binance 1,721 BTC (23%)

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🚨 Unusual Exchange Inflows
5,505.53 #BTC ($374,450,899)
aggregated inflows to spot exchanges in an hour

1. Coinbase_prime 4,367 BTC (79%)
2. Coinbase_advanced 1,130 BTC (20%)
3. Gemini 7 BTC (0%)

📍 Fear & Greed Index #FGI 😎

⚡️Open Interest in BTC Futures Hits an All-Time High!

CryptoRank reports that open interest in BTC futures on exchanges is at a record high.

This increase signals growing interest from traders, but it doesn’t necessarily mean that everyone is going long 🙂

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