🚀 Mexican Billionaire Ricardo Salinas: "Buy Bitcoin and Save It!"

📉 Nigerian Naira Falls Under a Satoshi, Salinas Pliego Sounds the Alarm

🌍 The top 1% are catching on to the power of bitcoin as a hedge against fiat devaluation. With a fortune exceeding $14 billion, Ricardo Salinas Pliego, the influential Mexican entrepreneur, is urging his followers to seize the opportunity and invest in the digital gold.

🇳🇬 In light of the Nigerian naira's downward spiral, Salinas Pliego's message is clear: "Buy Bitcoin and save it, pay attention!!!" The naira's recent struggles have made it the weakest currency against the mighty U.S. dollar, prompting government crackdowns on crypto and accusations of manipulation.

💹 When asked about other investment options, Salinas Pliego's response was unequivocal: bitcoin reigns supreme. His unwavering support for the cryptocurrency extends beyond mere words; he aims to make Banco Azteca the first Mexican institution to embrace bitcoin and even considers selling it at Elektra Group stores.

In a world where traditional currencies falter, this billionaire's call to action echoes loud and clear: Bitcoin is here to stay!

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🚀 The $20 Trillion Fusion: AI and Crypto Unite for Global Economic Lift-Off

🤝 At the Consensus conference in Austin, the buzz was all about the powerful bond forming between AI and crypto. Bitwise's latest findings reveal that this collaboration is no longer just a trend—it's a game-changer.

💰 With Coreweave's audacious $1.6 billion bid to acquire Core Scientific, we're witnessing a strategic move that sets the stage for exciting partnerships. It's not just about sharing tech—it's about mutual growth, as demonstrated by Core Scientific's whopping $3.5 billion deal to host AI services for over a decade.

🔒 But it's not just about the money. The integration of blockchain and AI holds immense potential for information validation and operational efficiency. Startups like Attestiv are leading the charge, using blockchain to tackle the menace of AI-generated misinformation head-on.

🌐 Bitwise sees these developments as more than incremental shifts—they're seismic changes that will reshape our digital landscape, fostering a new era of trust and effectiveness. As one Bitwise researcher puts it, "This fusion is a win-win, propelling us into a future where innovation meets integrity."

In an age where trust is paramount, the fusion of AI and crypto could be the rocket fuel that propels our global economy skyward—potentially adding a staggering $20 trillion to its trajectory. Buckle up; we're in for an exhilarating ride! 🚀🌍

📈 NFT Market Continues to Surge: Sales Jump 10.95%

💰 NFT sales are on a roll, marking their second consecutive week of gains with a whopping 10.95% surge! The digital collectible market is buzzing, raking in a cool $141.73 million in sales.

🏆 The crown jewel of this week's sales was an Ethereum Name Service domain name, snatched up for a jaw-dropping $587,194. Not far behind was the sale of Protoshroom #6, fetching a hefty $237,373. And let's not forget about Polygon's TTAvatars #1280003, selling for a cool $100,500.

🍕 Pizza BRC20 NFTs took the lead as the hottest collection, serving up a delicious $22.02 million in sales. Immutable's Guild of Guardians also had a strong showing with $8.3 million. These numbers represent a staggering 561.67% and 31.61% increase, respectively.

🌐 Ethereum Name Service (ENS) made its mark too, securing the third spot with $5.44 million in sales—a remarkable 1,587.02% surge! When it comes to overall sales volume, Bitcoin takes the crown with $43.53 million, followed closely by Ethereum at $40.97 million.

⚡️ While Polygon may have slipped to third place with $17.51 million in sales (a slight dip of 6.82%), the bigger picture shows an encouraging trend for NFT enthusiasts.

🔮 It's still early days, but these figures hint at an exciting shift towards more unique digital assets and the potential for a new phase in the NFT space. Only time will reveal if this is just a passing fad or the start of a lasting transformation. Stay tuned!

🚀 Dydx Chain Unveils New Software Update: Slinky Oracle Boosts Real-Time Data Accuracy

🌐 Dydx Chain, the innovative decentralized exchange (dex), has just rolled out its latest software version, bringing exciting new features to the table. The star of the show? The sleek and swift Slinky Oracle, providing traders with real-time price updates sourced directly from decentralized exchanges.

🔒 One of the most significant changes is the introduction of isolated markets, which revolutionizes how collateral pools and insurance funds are managed. No longer will one market's fluctuations send shockwaves through others, as each now operates independently. This paves the way for a potential explosion of new tradable markets, offering users even more opportunities.

📈 With this update, Dydx Chain's marketplace now boasts an impressive 800+ potential markets, including trendy assets like Solana meme coins. Thanks to its community governance structure, listing new ahttps://static.news.bitcoin.com/wp-content/uploads/2024/06/dydx-defi-decentralized-exchange-blockchain-crypto-cryptocurrency-trading-features.jpgssets is a breeze, empowering users to shape the platform's offerings through democratic voting.

📱 But that's not all! Dydx is also making strides in accessibility with the recent launch of its Android trading app. Now, traders can engage seamlessly across multiple platforms, including iOS, amplifying their adaptability and participation in the ever-evolving market.

⬇️ While DYDX token has experienced a slight dip against the USD amidst broader market trends, it's important to remember that cryptocurrencies are known for their volatility. As always, dydx enthusiasts are keeping a close eye on the charts, ready to seize opportunities in this dynamic landscape.

Innovation, independence, and inclusivity – Dydx Chain continues to make waves in the decentralized finance realm.

🚀 Tron's Tether Takes on Visa: Crypto Volume Surges Amidst Slump

💱 Move over, Visa! Tron's USDT trading volume has hit a staggering $53 billion in just 24 hours, outshining the $42 billion average daily transactions of the global payment giant.

🌐 With 59 billion USDT circulating on Tron's blockchain, it's clear that this digital dollar is gaining traction. And it's not just about numbers – Tron boasts a whopping 45.5 million unique addresses, leaving Ethereum's 5.7 million tether holders in the dust.

📈 While the crypto market weathers a storm, Tron's native currency, TRX, stands tall. It has shown remarkable resilience, climbing 1.7% in the last day and even defying the odds with a 3.2% rise against the US dollar in the past two weeks.

🌞 As summer brings a slowdown to many digital assets, Tron's TRX and its TRC20-based USDT are shining bright, proving that this blockchain powerhouse is here to stay amidst the ever-changing crypto landscape.

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📊 Kaiko Research: 🌎 Latam Crypto Traders Prefer Stablecoins Over Bitcoin

📈 Latin America's crypto markets have spoken, and stablecoins are stealing the spotlight, according to the latest report from Kaiko. This renowned analytics firm has delved deep into the trading habits of the region, shedding light on some interesting trends.

🔍 The study examined data from seven prominent exchanges in Latam, including big names like Binance and Bitfinex. And what did they find? A resounding chorus of support for stablecoins!

📉 In fact, a whopping 40% of trades in the region involve USDT, the titan of stablecoins. It's not just the US dollar peg that's popular either – even trades with the Brazilian real often include these steady digital assets, thanks to economic uncertainties.

🚀 While bitcoin still holds sway globally as a hedge against inflation, it seems this narrative is yet to fully resonate with Latam audiences. On three of the exchanges studied, stablecoins took the crown as the most traded instruments.

💱 Take Binance, for example – nearly half of all crypto activity in Latam happens on this platform, and guess what? Stablecoins are a hot favorite here too! In fact, 63% of the top trades involve these reliable digital dollars.

💡 This growing affinity for stablecoins has even caught the attention of central banks in the region. They're starting to mull over their own digital currencies (CBDCs) as an alternative. But can they match up? Only time will tell, says Kaiko.

In a nutshell: 🌐 Latam traders are embracing stability with open arms, turning to stablecoins like USDT as their go-to digital assets. While bitcoin's allure remains strong elsewhere, it seems this corner of the world prefers a steadier ride on the crypto rollercoaster.

🚀 Cleanspark's Bold Move: Acquiring Griid to Supercharge BTC Mining!

💪 Cleanspark, the powerhouse in clean energy solutions, is making waves again! In a game-changing all-stock deal worth a whopping $155 million, they've snapped up Griid, the rising star in the Bitcoin mining arena. This move isn't just about numbers; it's about amplifying their mining might!

🔌 With this acquisition, Cleanspark gains an instant boost of 20 MW in hosting capacity, turbocharging their operations from day one. Zack Bradford, the visionary CEO at Cleanspark, is thrilled, predicting that they'll surpass 100 MW in Tennessee by year-end. But he's not stopping there; his sights are set on an electrifying goal of 400 MW by 2026!

🔄 This deal isn't happening in isolation; it's part of a larger trend in the Bitcoin mining world. The industry is undergoing a seismic shift as players consolidate to unlock the power of scale and stay ahead. Cleanspark knows that size matters when it comes to staying competitive and profitable.

⚡️ For Griid, this merger comes as a welcome relief after a rollercoaster week. Their stock prices took investors on a wild ride, prompting trading halts and leaving shareholders on edge. But with Cleanspark swooping in, there's newfound stability and fresh opportunities for growth.

📉 The market reacted swiftly to Griid's ups and downs, with shares taking a 50% plunge before bouncing back. It's been a nail-biting time for investors, but as the dust settles, the future looks brighter under Cleanspark's experienced leadership.

In the dynamic world of Bitcoin mining, this acquisition is like adding fuel to an already blazing fire. Cleanspark is flexing its muscles and setting its sights on a future where clean energy and crypto mining go hand in hand. Watch out, world – the future of BTC is getting brighter and bolder with every move Cleanspark makes!

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📉 Digital Assets See Outflows for 3rd Consecutive Week: Bearish Sentiment Grows

💸 Outflows Continue: Coinshares' latest Fund Flows report reveals that digital asset investment products are facing a tough time, with outflows reaching $30 million for the third week in a row.

🔻 Ethereum Takes a Hit: The second-largest cryptocurrency, Ethereum, suffered its worst net flows since August 2022, losing a staggering $61 million. It's not looking good for ETH this year.

🔄 Mixed Bag: While Ethereum struggles, there's some respite for multi-asset and bitcoin ETPs, which saw inflows of $18 million and $10 million, respectively. A glimmer of hope amidst the gloom?

📈 Trading Volume Surge: Activity in the digital asset space is on the rise, with trading volumes jumping by 43% to hit $6.2 billion. However, it's still below the annual average, indicating cautious optimism at best.

🌍 Regional Divide: Investors in the U.S., Brazil, and Australia seem more bullish, with inflows reported. On the other hand, Germany, Hong Kong, Canada, and Switzerland are showing signs of caution with outflows.

⚡️ Altcoin Insights: Among altcoins, solana shines with inflows of $1.6 million, while litecoin also gains traction with inflows of $1.4 million. Diversification or a sign of shifting preferences?

📉📈 Week-to-Week Whiplash: The digital asset market has been on a rollercoaster lately. Just two weeks ago, we saw massive outflows totaling $584 million; before that, it was $600 million. But remember, there have been moments of optimism too, with a five-week inflow streak reaching $4.3 billion.

Investing in digital assets is like riding a wild wave – buckle up and stay tuned for the next twist in this ever-evolving market!

🚨 Just-In: German Govt Moves 500 Bitcoin 🇩🇪 , Another BTC Dump Imminent👀❓

The German government has seized the limelight again with its latest Bitcoin transaction wherein it shifted a whopping 500 BTC amid the market decline.

👉 Read more

🚀 DWF Labs Launches $20 Million Cloudbreak Fund: Fueling Innovation in Web3 Ecosystem

🌐 Expanding Horizons: DWF Labs is taking a giant leap forward with the launch of its $20 million Cloudbreak Fund. This exciting initiative aims to support groundbreaking projects in the ever-evolving world of Web3, with a particular focus on Chinese-speaking regions.

🎮 Game On, Finance Style: The Cloudbreak Fund is all about embracing the future, with a keen eye on emerging trends like game finance (gamefi) and social finance (socialfi). But that's not all – it's also interested in meme coins, derivatives, AI projects, and the essential building blocks of the blockchain ecosystem (L1/L2 infrastructure).

🌱 Nurturing Growth: Andrei Grachev, the managing partner at DWF Labs, recognizes the immense potential of Chinese-speaking regions. With a deep appreciation for their culture and work ethic, he emphasizes the need for dedicated support to help these projects flourish.

💼 More Than Just Money: The Cloudbreak Fund isn't just about writing checks; it's about providing holistic support. From wallet integrations to hackathons and strategic marketing initiatives, DWF Labs is committed to nurturing these projects every step of the way.

🌍 Global Reach: DWF Labs isn't stopping at China – earlier this year, they pledged $5 million to foster growth in the MENA region. With an extensive partner network and a passion for innovation, they're making waves across the Web3 landscape.

With the Cloudbreak Fund soaring high and their sights set on empowering emerging projects, DWF Labs is proving once again that they're at the forefront of driving innovation in the digital frontier.

🚀 Paraguay's Bitcoin Miners Hit by Power Fee Hike, Bolivia Embraces Stablecoins

🔌 Paraguay's National Power Administration (ANDE) has dealt a blow to bitcoin and crypto miners, increasing power tariffs by 14%. This move has raised concerns about the future of these operations in the country, with industry insiders and politicians criticizing the decision.

👨‍⚖️ Senator Salyn Buzarquis didn't hold back, calling out the government for sending mixed signals and potentially deterring future investments. He emphasized the significant capital already poured into Paraguay by these companies.

🇧🇴 Meanwhile, Bolivia is changing its tune on cryptocurrency, lifting a ban and acknowledging the potential benefits. Central Bank President Edwin Rojas Ulo sees digital assets as a way to boost commerce and meet diverse needs, but he also cautions about the volatility of assets like bitcoin.

💱 Rojas Ulo is particularly interested in stablecoins, highlighting their advantages for those without easy access to US dollars. These tokens, pegged to fiat currencies, offer stability while still enabling global transactions.

🚗 On another note, Brazil is witnessing the rise of tokenized debt offerings. Mexican startup Kavak has tapped into this trend, raising nearly $1 million using tokenized notes backed by its car inventory. With an attractive 5.5% APY, this innovative financing approach aims to fuel Kavak's expansion in Brazil.

From Paraguay's power fee shockwaves to Bolivia's crypto pivot and Brazil's tokenized debt experiment, Latin America's digital finance landscape continues to evolve.

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