☎️ Ethereum NFT Magazine ‘Redlion Gazette’ Closes Its Chapters

☎️ The Redlion Gazette—the world’s first weekly NFT magazine on Ethereum—ceased its operations at the beginning of the week, signaling the departure of an OG player in the blockchain art and media scene. “Yesterday marked the first Monday since 2020 without a Gazette release.

✅As expected, it went unnoticed, confirming it was the right decision to end it. Still hurts though,” declared the mastermind behind the project, Redlioneye.eth, on X.

☎️ Celsius Network burns entirety of its CEL holdings, eliminating 94% of total supply

☎️ Celsius Network burned its CEL holdings, representing the majority of the token supply, on April 30. Etherscan indicates the company burned 652.2 million CEL by sending it to a null address. The burned amount represents 94% of the previous total supply, which amounted to 692.8 million CEL, valued at roughly $83.2 million at current market price.

✅The transaction originated from a wallet controlled by Celsius, based on Arkham Intelligence data.

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CA:
0xB9D381371FddD0D931804E6a421C5129bBb3B197

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✅ Website | 🚀 Twitter

DYOR/NFA

🔥Pinksale (🔥SOL) Cookie Cat Game

Pinksale with AMA, Audit and KYC badges starting soon. Details below, as always dyor.

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Website | Telegram | Twitter | Whitepaper

☎️ Bitcoin miners poised to offload BTC as mining revenue plunges: Kaiko data

☎️ A bitcoin selloff likely looms large as the token’s miners face pressure to offload their holdings amid a steep revenue drop-off, crypto research and analytics firm Kaiko’s data shows.

✅ Bitcoin miners largely rely on two revenue streams: mining rewards and transaction fees.

✅ April’s halving event, the long-ago coded reduction in mining rewards to 3.125 BTC from 6.25 BTC, posed a unique headwind for miners trying to cover their overhead.

☎️ Genesis Global gets court approval to distribute billions to creditors, DCG challenge gets rejected

☎️ Genesis Global, the digital assets lender that went bankrupt last year, received court approval to pay billions in cash and crypto to creditors.

✅ According to Bloomberg, on May 17, Southern District of New York Judge Sean Lane confirmed Genesis’ Chapter 11 repayment plan, including a structure for returning crypto assets to creditors.

✅ This decision paves the way for Genesis to return customer assets locked on the platform since it paused withdrawals in November 2022.

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🌎 Website

☎️Long-term bitcoin holders reaccumulating for first time since last December: Glassnode

☎️ Long-term bitcoin holders are starting to re-accumulate for the first time since December 2023 after multiple months of selling, according to Glassnode data.

📞 "Residing just shy of its all-time high, bitcoin continues to consolidate, with long-term holders beginning to re-accumulate coins for the first time since December 2023," a report from the market intelligence firm said today.

☎️ QCP Capital says its trading desk saw 'bullish flows' during bitcoin price dip

📞 Bitcoin and ether are at a “buy the dip” moment in between post-payrolls data and at least one more interest-rate cut from the U.S., Singapore-based crypto trading firm QCP Capital said in a recent market update.

☎️ Last Friday’s non-farm payroll data, a key indicator of U.S. job market, showed a stronger-than-expected monthly gain of 272,000 in May, exceeding the forecast of 185,000.

☎️ However, this was matched by a rise in the unemployment rate, which ticked up to 4.0% from 3.9%.

📲EBA publishes new guidelines for ‘token issuers’ as part of upcoming MiCA regulation

📲 The European Banking Authority (EBA) has unveiled comprehensive guidelines addressing recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) as part of the broader Markets in Crypto-Assets (MiCA) regulation.

🟢 Under MiCA, ARTs are digital tokens backed by assets like commodities, real estate, or a diversified basket of assets, while EMTs are tokens pegged to fiat currencies to maintain a stable value for payments — also known as stablecoins.

☎️ New AI portfolio management tool coming to PancakeSwap

☎️ Decentralized crypto exchange PancakeSwap is set to introduce CupcakeHop, an artificial intelligence (AI)-powered portfolio management tool.

☎️Developed by Bril Finance and backed by PancakeSwap, the tool is designed to improve decentralized finance (DeFi) investment management.

📞 CupcakeHop, set to launch in August, aims to make DeFi accessible to a broader range of users with tailored investment strategies and real-time risk management.

📲 21Shares becomes second major firm to apply for a spot Solana ETF this week

📲 Asset manager 21Shares has filed for a spot Solana exchange-traded fund (ETF), marking the second such application from a major firm this week.

📲The proposed 21Shares Core Solana ETF is designed to track the performance of Solana (SOL) by aggregating the notional value of SOL trading activity across major spot exchanges, according to the S-1 registration form filed with the US Securities and Exchange Commission (SEC).

📲Ethereum NFT Activity Declines to Lowest Level Since H1 2021

📲 The non-fungible token (NFT) market is barely crawling, waiting for some opportunity for revival. The second quarter of 2024 saw positive dynamics, but the increase was mostly driven by Bitcoin NFTs.

📲 The metrics for Ethereum NFTs suggest a grim picture. For example, the number of unique Ethereum NFT traders on the top 15 marketplaces dropped for the sixth month in a row in June, reaching the lowest level since July 2021.

☎️ Puffverse Announces Puff Astronaut NFT Mint on Ronin

📞 Web3 gaming exosystem Puffverse has announced the launch of its Puff Astronaut NFT mint event scheduled on July 18 at 10:00AM UTC on Ronin. The event will introduce 3,000 limited-edition in-game avatars and will be conducted in two rounds, providing opportunities for early supporters and the general community.

😺 These NFTs will offer various benefits and exclusive access within the Puffverse ecosystem such as IGO Points, which will soon be exchangeable for $PUFF tokens, and double experience points (EXP) in PuffSim Adventures.