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Digital Assets See Outflows for 3rd Consecutive Week

2.7.2024
Coinshares reported consecutive weekly outflows in digital asset investment products, totaling $30 million. Ethereum faced its worst year-to-date net flows with $61 million in outflows, while multi-asset and bitcoin ETPs saw inflows of $18 million and $10 million, respectively. Regional inflows...

Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings

1.7.2024
Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2 million), Metaplanet has initiated the purchase with...

Bitcoin Bulls Advance Price, Face Resistance at $64K

1.7.2024
The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day’s upward movement led to $124.64 million in crypto short and long liquidations, with bitcoin shorts...

Steno Research: Spot ETFs Will Take Ether to $6,500 Later This Year

1.7.2024
Steno Research, an independent macroeconomics, geopolitical, and crypto research house, has predicted that the spot ether ETF, presumed to start trading in early July, will take ETH to $6,500. Steno’s latest post on the subject forecasts that Ether ETFs will perform better than leading...

Abra Launches Digital Assets Treasury Solutions Amid Rising Crypto Demand

1.7.2024
Abra, a digital asset platform, has introduced Abra Treasury, providing customized digital asset treasury solutions. The service targets corporations, family offices, and non-profits. Abra Treasury, operated by Abra Capital Management LP, aims to offer an integrated suite of services including...

US Marshals Service Taps Coinbase for Digital Asset Management

1.7.2024
The U.S. Marshals Service (USMS) has chosen Coinbase Prime to safeguard and trade its “Class 1” (large cap) digital assets. This decision by a division of the U.S. Department of Justice comes after a thorough evaluation process. What This Means for Coinbase and the Crypto Industry This...

Tether and Uquid Partner for Social Security Payments in the Philippines

1.7.2024
The largest stablecoin issuer, Tether, has announced a collaboration with Uquid, a Web3 e-commerce platform. This partnership enables residents of the Philippines to pay their Social Security System (SSS) contributions using the stablecoin issued on The Open Network (TON). Additionally, Uquid...

Crypto Market Bounces Back, Mog Coin and ENS See Double-Digit 7 Day Gains

1.7.2024
On Monday, July 1, 2024, the overall crypto economy rose by 2.31%, reaching a total value of $2.31 trillion. Bitcoin increased by 2.8% this week, and ethereum climbed 4.8%, while several digital assets posted double-digit gains. Leading the performance chart over the past seven days was mog coin...

Shiba Inu price eyes higher ground after massive token burn

1.7.2024
Shiba Inu ($SHIB) is up 1.10% in the last 24 hours; however, it could be an understatement. The token is poised to inch a lot higher in the days to come. This stems from the recent revelation by Shibburn wherein the tracker stated that over 900 million SHIB tokens were burnt in June 2024. This...

Sony Aims to Relaunch Crypto Exchange WhaleFin

1.7.2024
In this post Japan’s Sony Group will officially onset into the crypto industry with a new exchange/ The new exchange will focus on user experience The Japanese tech behemoth Sony Group will restart a cryptocurrency exchange it acquired back in 2023. WhaleFin, a Japanese crypto exchange...

Bitcoin Technical Analysis: BTC Bulls Test Upper Resistance

1.7.2024
Bitcoin’s price on July 1, 2024, stands at $62,769, with a 24-hour intraday price range of $61,261 to $63,694. The cryptocurrency’s market capitalization is $1.23 trillion, and the 24-hour trade volume is $21.98 billion. Bitcoin Bitcoin’s hourly chart presents a strong upward...

Arbitrum, Optimism in 2024: Rising transactions, falling values—why?

1.7.2024
In the ever-evolving crypto space, two Layer-2 Ethereum solutions to scale, Arbitrum (ARB) and Optimism (OP), have witnessed significant fluctuations in their transaction activities and fiscal performances thus far this year. However, despite a surge in transaction traffic within their ecosystems...

Charles Hoskinson shares concern about the ongoing AI Censorship trend

1.7.2024
Charles Hoskinson recently discussed a prevalent trend in AI and its implications. The Cardano founder believes that censorship is defeating AI’s purpose.  In a recent X post, Hoskinson stated how AI censorship depletes its utility. AI is losing value because of alignment training. This means that...

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