📈 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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🐳 Bitcoin Whales Dive In: Despite Bitcoin's 4-Month Low at $53,000, whales are making waves by buying aggressively. This surge in whale activity hints at a potential upswing in demand for the leading cryptocurrency.

📉 Losses Loom: New and large investors aren't riding the waves smoothly, with nearly $1 billion in losses realized in July alone. It's a challenging time reminiscent of the FTX exchange collapse in November 2022.

📊 Mixed Signals: While whales make a splash, the market's overall outlook remains murky. The P&L Index hovers around its 365-day moving average, often signaling major corrections or bear markets. Additionally, stablecoin liquidity lacks the oomph needed for a significant bitcoin price rally.

⛏ Miners' Moves Matter: Amidst this tumultuous tide, mid and large-sized bitcoin miners are making their own moves. Selling portions of their holdings, they contribute to an ongoing capitulation process that adds another layer of complexity to the market's dynamics.

As we navigate these treacherous waters, it's clear that both whale activity and miner maneuvers will be key factors shaping Bitcoin's future trajectory. Stay tuned for more crypto updates! 🚀

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🚀 Abra Expands Offerings with Valkyrie's Tron and Zilliqa Trusts

💼 In a strategic move, Abra, the digital asset platform, has ventured into the corporate world with its new digital asset treasury service. After successfully resolving regulatory issues in June, Abra is now eyeing a fresh audience.

🤝 Acquiring Valkyrie's trusts, including popular assets like Tron and Zilliqa, was a smart play by Abra. The deal was inked back in May, even before the regulatory settlement, showcasing Abra's foresight.

📈 Marissa Kim, Abra's head of asset management, sees this acquisition as an opportunity to broaden their product range for spot and defi products. It's a win-win situation for both companies as Valkyrie continues to streamline its operations under Coinshares.

💡 Looking ahead, Kim hints at the possibility of taking some funds public, but that depends on the ever-changing market appetite. Exciting times lie ahead for Abra and its growing base of investors!

🚀 Hermetica Revolutionizes Bitcoin DeFi with USDH: A Bitcoin-Backed Synthetic Dollar on L1

🌟 Hermetica, the trailblazer in decentralized finance, is shaking up the crypto world once again! Introducing USDH, a groundbreaking stablecoin that's not just pegged to the dollar but backed by the mighty Bitcoin itself. This innovative move allows BTC holders to have their cake and eat it too – enjoying the stability of a dollar while staying firmly rooted in the world of Bitcoin.

💪 No more reliance on centralized exchanges or fiat-backed alternatives! With USDH, you can say goodbye to custodial worries and hello to a non-custodial option that's as secure as it gets. Hermetica CEO Jakob Schillinger couldn't contain his excitement, stating, "We're breaking free from traditional banking systems, offering you dollars with a twist – it's all about Bitcoin!"

🌐 But that's not all. By integrating with the Runes protocol and Liquidium lending platform, USDH becomes a bridge between Bitcoin's L1 and various L2 solutions. This means enhanced interoperability within the Bitcoin ecosystem, opening doors to a whopping $360 billion of untapped potential for yield generation. The future of finance just got a whole lot brighter!

In this ever-evolving landscape of digital assets, Hermetica is once again leading the charge, empowering Bitcoiners to navigate the DeFi space with confidence and freedom. So buckle up, fellow crypto enthusiasts – the era of decentralized dollars backed by the king of cryptocurrencies has arrived!

📈 Institutional Custodians and ETFs Drive Significant Bitcoin Market Movements

🏦 Glassnode's latest research reveals a strong presence of institutional custodians and exchange-traded funds (ETFs) in the Bitcoin market, with a whopping 4.9 million BTC under their control, equivalent to a quarter of the circulating supply.

🔄 After the German government's complete sell-off, we witnessed a temporary relief on the sell-side, accompanied by renewed demand. This demonstrates the market's resilience and the profitability enjoyed by many bitcoin holders.

📊 ETFs are emerging as key players, with 11 U.S. spot ETFs holding around 887,000 BTC, accounting for 4.57% of the total market cap. Centralized exchanges, on the other hand, possess about 3 million BTC. This shift highlights the growing influence of ETFs on market dynamics.

⚖️ The impact of these institutional giants is significant, with swings of +4K BTC observed, suggesting their flows have a 4x to 8x larger effect than those of miners.

💼 While short-term holders face challenges amid recent volatility, long-term holders maintain robust positions. This divergence emphasizes how different cohorts within the crypto community experience market corrections differently.

Despite the rollercoaster ride, it's clear that institutional custodians and ETFs are now driving major waves in the Bitcoin sea.

📈 Decentralized Finance TVL Recovers to $100B After July Lows

💹 The value locked in decentralized finance (defi) protocols has rebounded, reaching an impressive $100.85 billion as of July 22. This signifies a solid 16.85% rise since July 7, although it has yet to surpass the previous high of $109.66 billion in June.

🥇 Leading the pack is the liquid staking protocol Lido, boasting an impressive $33.78 billion in TVL, according to defillama metrics. Not far behind is restaking protocol Eigenlayer with $15.87 billion, and Aave securing the third spot with $13.36 billion.

📉 Despite this positive trend, the overall market experienced a slight dip with the top 100 defi tokens valued at $89.5 billion, reflecting a 1.4% decrease over the past 24 hours.

🔝 Coingecko's data reveals that Lido's staked ether (STETH) commands a significant 37.8% defi dominance, followed by chainlink (LINK) with a market valuation of around $8.6 billion. Fortunately, most of the top 100 defi tokens have shown gains in the past week.

⚖️ While crossing the $100 billion milestone is encouraging, there are still concerns about potential volatility ahead. The industry has experienced its fair share of ups and downs recently, so all eyes are on whether this current surge can maintain its momentum and continue to grow.