After Bitcoin, the cryptocurrency market has another currency with an ETF spot opened, which is Ethereum. However, like the early Bitcoin ETF, the Ethereum ETF in recent trading days has continuously witnessed strong outflows as investors converted assets from Grayscale funds to other options with lower fees.
Another notable development was the market correction on the morning of July 25, causing many positions to be liquidated. However, Bitcoin price quickly recovered to its previous level after only 36 hours.
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 09:25 AM on July 28, 2024
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📄 News
Focus 🔥
- Ethereum ETF has strong outflow in the first days of trading: Day 1 | Day 2 | Day 3 | 4th
- Bitcoin Conference 2024:
- What did Mr. Donald Trump say at the Bitcoin Conference 2024?
- US Senator proposed that the United States buy 1 million BTC for the national Bitcoin reserve fund
- Michael Saylor predicts Bitcoin price to reach $13 million by 2045
- US Presidential candidate Robert F. Kennedy Jr. promised to make Bitcoin a national reserve asset
- Cantor Fitzgerald opens a $2 billion Capital program for Bitcoin investors
- MT. Gox forwarded $2.5 billion in Bitcoin to unknown wallet, $130 million in Bitcoin on Bitstamp
- Kraken begins distributing Bitcoin and Bitcoin Cash to Mt. Gox
- X (Twitter) "silently" removed the emoji of the Bitcoin hashtag
Big Cap 💎
- Mysterious transfer of 295 million USD ETH of Ethereum "whale" wallet
- Avail official mainnet, Airdrop of 600 million Token to 354,605 wallets
- BNB Chain destroyed 971 million USD in the 28th BNB burn
- AltLayer postpones the Token Lockup unlocking schedule for the project team and investors
- Stablecoin Capital increased to 164 billion USD, for the first time since May 2022
- Memecoin KAMA inspired by Ms. Kamala Harris nearly x10 in 7 days
- Capital: NPC Labs (21 million USD), Zircuit , Bitlayer (11 million USD), Catizen , Pudgy Penguins (11 million USD), Caldera (15 million USD), Mezo (7.5 million USD)
DeFi and Layer 2 🦄
- Base set a new record for number of transactions and wallet addresses
- AAVE proposes profit Chia to users and buys back AAVE from the market
- Jito deploys the reStaking model on the Solana ecosystem
- deBridgecompletes Snapshot, expected to Token Issuance in August
- Solend changed its brand name to Save, announced a new product series
- DEX DYDX considers reselling version v3 for Wintermute, the domain name was attacked by phishing
- BlackRock's BUIDL fund applies for capital injection from Ethena 'Capital 280 million USD RWA investment plan
Non-Fungible Token, GameFi and Metaverse 🖼 🎮🌐
- Mocaverse cooperates with TON Foundation to establish a 20 million USD fund to encourage the ecosystem
Large organizations 💰
- Hashdex registered to create an ETF to hold Bitcoin, Ethereum and other cryptocurrencies
- Mining Marathon buys another $100 million in Bitcoin
- Galaxy asset management unit calls for $113 million in Capital for a new crypto fund
- VanEck predicts Bitcoin will reach $2.9 million by 2050 , MicroStrategy CEO Michael Saylor says $13 million
- SEC gives preliminary approval to Grayscale 's “mini” Bitcoin ETF proposal
Legal and Reception ⚖️
- JD.com Group launches stablecoin Peg to Hong Kong dollar (HKD)
- Ferrari expands crypto payments to the European market
- Donald Trump collected $4 million in donations from the crypto industry
- US Presidential candidate Robert F. Kennedy Jr. promised to make Bitcoin a national reserve asset
- Jersey City pension fund will invest in buying Bitcoin ETF
Coin68 compiled
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