The cryptocurrency market in the last week of July and the first days of August was strongly corrected because of a series of political and macroeconomic news that affected the global stock market, almost wiping out the growth period. in recent weeks.
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 10:40 AM on August 4, 2024
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📄 News
The focus 🔥
- Bitcoin plummeted to 60,500 USD because of worries about the US economic recession and the Middle East conflict
- Bitcoin ETF has the largest outflow day in 3 months with an outflow of 237 million USD
- The US moved 2 billion USD in Bitcoin, BTC lost 3,500 USD in value
- MT. Gox transfers $3.13 billion in Bitcoin to new wallets
- Genesis begins to allocate $4 billion in assets to repay customer debt
- The SEC wants to change the securities charges placed on Token in the Binance lawsuit
Big Cap 💎
- The ETH community celebrates Ethereum 'ETH 9th birthday
- Bitcoin Dominance reached its highest level since April 2021
- XRP increases 8% amid hopes of ending the Ripple - SEC lawsuit
- Fantom changed his name to Sonic
- PYUSD stablecoin Capitalon Solana gradually catches up on Ethereum
- Notable Token unlocks in August 2024
- Lava Network launches mainnet with Airdrop of 55 million Token
- Movement Labs integrates Polygon's AggLayer, launches Parthenon testnet
- Controversy surrounding NEIRO , a memecoin named after the new "puppy" of Dogecoin dog owner
- Blockchain Terra was attacked, estimated damage was 3 million USD
- Calling Capital: aPriori , Particle Network , Morpho (50 million USD)
DeFi and Layer 2 🦄
- ZKX protocol on Starknet announced to stop operating due to lack of revenue
- Elixir launches Decentralized Stablecoin deUSD, competing with Ethena's USDe
- DeFi Convergence protocol hacked, CVG Token price dropped 99%
- DEX market share increased to a record high
Non-Fungible Token, GameFi and Metaverse 🖼 🎮🌐
- Hamster Kombat announces whitepaper, Airdrop 60% Token to users
- Mr. Trump opened the sale of Bitcoin sneakers, a sold-out version
- Telegram launches decentralized browser and mini app store
Large organizations 💰
- Tether achieves a profit of 5.2 billion USD in the first half of 2024
- MicroStrategy buys 805 million USD of Bitcoin in Q2/2024
- Coinbase earned 1.45 billion USD in Q2/2024
- BlackRock : There will be no more crypto ETFs in the near future
- Circle is valued at up to 5.25 billion USD before the IPO
- Cypherpunk Holdings doubles SOL reserves
Legal and Reception ⚖️
- The Montenegrin court again ruled to extradite Do Kwon to Korea
- Senator Lummis announced the Bitcoin bill before the US Senate
- Russia is preparing to deploy an international payment system using crypto
- Mr. Trump calls for $21 million in donations at the 2024 Bitcoin Conference
- Ms. Kamala Harris 's election campaignwants to "heal" with the crypto industry
- Elon Musk realized the value of Bitcoin after Trump's speech
- SEC charged BitClout founder with defrauding investors
- Bybit exchange withdraws from the French market
- The State of California digitized 42 million vehicle documents onto the Avalanche network
Coin68 compiled
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