Bitcoin in particular and the cryptocurrency market in general had a not so smooth last week of June 2024, falling to the lowest level in the past 1.5 months. The reason comes from a series of money transfers from large wallet addresses owned by the US and German governments and Mt. Gox.
Last week also saw Wall Street giants fire the first shot with the Solana spot ETF, the SEC continued to take legal action targeting industry companies such as ConsenSys and MetaMask, and the highly anticipated Blast Airdrop event. turned out to be disappointing.
Let's review all the crypto movements of the week with Coin68 to make sure you don't miss any important news!
Volatility in top cryptocurrencies compared to 7 days ago. Coin360 screenshot at 08:20 AM on June 30, 2024
📌 Coin68 Originals - Must-read article
- Outstanding on-chain event last week (June 24 - June 29): RWA outlook - BTC is continuously transferred to the exchange
- Perspective: Summary of outstanding events in the second quarter of 2024
📺 Coin68 TV
- DeFi Discussion ep.153: Why do transactions on L2 Ethereum fail?
- Project review: Instructions for Airdrop The Beacon airdrop to earn $1,000 ARB
- News:
📄 News
Focus 🔥
- Bad news piled up, Bitcoin collapsed to its lowest level in 1.5 months at 58,400 USD
- Bitcoin "whales" are constantly in action: Mt. Gox , US government , German government
- Layer-2 Blast announces tokenomics and organizes BLAST Token Airdrop
- 21Shares and VanEck applied to establish a Solana spot ETF
Big Cap 💎
- Bitcoin creates a double top model, likely to drop to 50,000 USD?
- Ethereum Gas Price and Bitcoin mining revenue both dropped to multi-year lows, ETH inflation returned
- ZKsync announces 2nd Airdrop - FDV has dropped 40% , announces ZKsync 3.0 roadmap with Elastic Chain
- Tether stopped issuing USDT on the EOS and Algorand networks
- Solana launches a toolkit to "transform" Web2 interactions into Web3
- Which crypto segment has the highest profits in the first half of 2024?
- Capital raising: Colosseum (60 million USD) , Conduit (37 million USD) , Ora (20 million USD) , MegaLabs (20 million USD)
DeFi and Layer 2 🦄
- Arbitrumproposes to allocate rewards to ARB Token holders
- Rainbow Wallet Airdrop ETH weekly to users based on points
- Worldcoin cooperates with Alchemy to prepare for the launch of layer-2 World Chain
- Zeta Markets begins implementing ZEX Token Airdrop
- Zerion deploys testnet for layer-2 ZERO Network
- Losses from crypto hacks increased 112% to 572 million USD in Q2/2024
Non-Fungible Token , GameFi and Metaverse 🖼 🎮🌐
- Pudgy Penguins acquires Frame, develops its own layer-2 Abstract Chain
- Non-Fungible Token volume decreased by 45% in Q2 2024
Large organizations 💰
- Metaplanet issues bonds, buys another 1 billion yen of Bitcoin
- Jump Crypto Chairman Kanav Kariya announced his resignation after 6 years
Legal and Reception ⚖️
- Coinbase sued the SEC and FDIC for allegedly "suppressing" the crypto industry
- Survey: 54% of fund managers in Japan want to invest in crypto in the next 3 years
- The US offers a reward of 5 million USD to find "OneCoin queen" Ruja Ignatova
- "Father" of computer company Dell revealed his interest in Bitcoin
Coin68 compiled
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