The cryptocurrency market experienced the first week of August with both Bitcoin and Ethereum crashing to new 2024 Dip , leaving serious consequences with over $1 billion in Derivative liquidations.
Let's review all the crypto movements of the week with Followin to make sure you don't miss any important news!
Top cryptocurrencies' performance compared to 7 days ago. Coin360 screenshot at 11:00 AM on 11/08/2024
📌 Coin68 Originals - Must-read article
- View:
📺 Coin68 TV
- DeFi Discussion ep.159: Validator Client - The "unchaining" formula for Layer-1s
- Jen's Podcast - Episode 2: What is it like to work in the Blockchain industry?
📄 News
Focus 🔥
- Bitcoin "collapsed" to $49,000, ETH hit its lowest level of the year, the market liquidated more than $1 billion , then recovered to $62,000 thanks to ETF buying pressure
- Ripple fined $125 million to end securities lawsuit with SEC, XRP price up 25%
- President Putin passes cryptocurrency mining law in Russia
- Trump's son reveals plans to launch DeFi project to replace traditional banks
Big Cap 💎
- Daily Ethereum Transactions Drop to 5-Month Low
- SOL/ ETH Rate Hits Record High Amid Market Volatility
- Ripple Begins Testing Stablecoin RLUSD on Ethereum and XRP Ledger
- USDC is integrated as a Gas Price Token on Arbitrum Orbit chains
- Capital: DAWN (18 million USD) ,Solayer ,
DeFi and Layer 2 🦄
- Zircuit announces mainnet and phase 1 Airdrop
- Ethena's USDe Sees $100 Million in Conversion Value Amid Market "Storm" , Expands to Solana Ecosystem
- Ronin suspends bridge after suspicious 4,000 ETH withdrawal
Non-Fungible Token, GameFi and Metaverse 🖼 🎮🌐
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Large organizations 💰
- Hedge fund Capula holds $460 million in Bitcoin ETF shares
- Grayscale "launches" new investment fund for Bittensor and Sui
- Metaplanet borrows 1 billion Japanese yen to buy more Bitcoin
- Court approves FTX to pay $12.7 billion in compensation to creditors
- Tether to Double Its Headcount by Mid-2025
- OKX will lock user accounts if it detects interaction with Tornado Cash
Legal and Reception ⚖️
- Donald Trump: The US government should hold tight to Bitcoin
- World's first Solana spot ETF approved in Brazil
- Hong Kong dismantles $192 million crypto money laundering ring
