Blockchain equities inflows reached a recent high of $15 million as well. However, total trading volume dropped.
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UK Treasury plans to exclude derivatives and 'unbacked' tokens from regulatory sandbox
“Until there is more certainty in these frameworks, we are intending to utilise existing regulatory initiatives to develop policy and regulation for this asset class,” said Treasury.
Bitcoin ETF hopium fades as on-chain and futures data reflect traders’ muted activity
BTC price soared on investors’ ETF hopes, but on-chain and derivatives metrics indicate a limited inflow of new investors
Bitcoin ETF hopium fades as on-chain and futures data reflect traders’ muted activity
The price of Bitcoin has been trading between $29,900 and $31,160 for the past 18 days, causing concern among investors who are looking for explanations for the lack of a clear trend.
After a 25.5% rally between June 15 and June 23 led to Bitcoin’s (BTC) highest price level in 13 months, one would expect investors to become more active and optimistic, but BTC’s inability to sustain prices above $31,000 and neutral on-chain and derivatives data do not corroborate this thesis.
Bitcoin ETF expectations faced a harsh regulatory environment
The current price situation is particularly worrisome because of the expectations that arose after BlackRock, the world’s largest fund manager, applied for a spot Bitcoin exchange-traded fund (ETF) on June 16. Some analysts have predicted a Bitcoin price of $100,000 by the end of the year, adding to the frustration of traders who are betting on further gains.
It’s worth noting that in mid-April, investors experienced a consolidation of prices around $30,000, but it didn’t last longer than a week, and the price eventually dropped to $28,000. This movement explains why investors are hesitant to build positions at the current price levels and prefer range trading.
Despite the initial excitement about the possibility of the United States Securities and Exchange Commission approving a Bitcoin instrument for traditional financial markets, there’s negative price pressure due to the regulatory actions against leading exchanges like Coinbase and Binance.
Algorand decentralized lending protocol Algofi to shut down by end of year
Developers say building the borrowing and lending protocol is "no longer a viable path" for Algorand.
BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst says
Following the Blackrock application, a Bitcoin spot ETF was never so close to being approved and it could be a game changer for the crypto industry, explains ETF analyst Eric Balchunas.
BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst says
Following the Blackrock application, a Bitcoin spot ETF was never so close to being approved and it could be a game changer for the crypto industry, explains ETF analyst Eric Balchunas.
BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst says
Following the Blackrock application, a Bitcoin spot ETF was never so close to being approved and it could be a game changer for the crypto industry, explains ETF analyst Eric Balchunas.
US authorities are investigating former FTX exec for potential campaign finance violations: Report
FTX Digital Markets co-CEO Ryan Salame was the individual who first reported FTX to Bahmanian authorities, but he reportedly may face charges of his own in the United States.
Bitcoin exchanges now hold the same BTC supply share as in late 2017
BTC supply dynamics are pointing firmly in Bitcoin bulls' favor, as an analyst says that "true price discovery" may come as a result.
Bitcoin exchanges now hold the same BTC supply share as in late 2017
Bitcoin (BTC) held on exchanges is down to where it was at the 2017 BTC price all-time high, data confirms.
Tracked by on-chain analytics firm Glassnode, the latest figures show less than 12% of the BTC supply now resides in exchange wallets.
Analyst: BTC price “on the cusp of true price discovery”
Bitcoin returned to exchanges during the 2023 BTC price upside, during which BTC/USD more than doubled from cycle lows.
The period since late April has seen a reversion to the long-term trend of coins leaving exchanges however, this month, it hit a milestone.
As of July 10, 11.59% of the available BTC supply currently lies in known exchange wallets labeled by Glassnode. The number has not been this low since mid-December 2017 — when Bitcoin hit its previous all-time high of $20,000.
Near Foundation treasury drops to $900M as token price plunges
The $200 million decline was mostly due to a drop in the price of Near tokens, in line with the crypto bear market.
ConsenSys launches Linea zkEVM to further scale Ethereum
ConsenSys rolls scaling network Linea, which delivered faster throughput and 15 times lower transaction costs than Ethereum’s layer 1.
ConsenSys launches Linea zkEVM to further scale Ethereum
ConsenSys rolls scaling network Linea, which delivered faster throughput and 15 times lower transaction costs than Ethereum’s layer 1.
US Senators to have classified AI briefing at the White House
U.S. Senators will take part in the country’s first-ever classified Senate briefing on AI which will place in conjunction with the Department of Defense and Intelligence Community.
Why is Polygon (MATIC) price up today?
Polygon (MATIC) price is up today, mirroring upside moves elsewhere in the cryptocurrency market as traders assess a mix of fundamental factors.
On July 11, the MATIC price rose 2.32% to $0.75, its highest level in a month — outperforming the crypto market, whose valuation stayed relatively unchanged from the previous day at around $1.14 trillion.
MATIC/USD daily price chart versus crypto market capitalization. Source: TradingViewNew CEO, Polygon's 'decentralized governance' plans
MATIC's intraday gains come as a part of a broader price jump that started after Polygon appointed its former chief legal office, Marc Boiron, as the new chief executive officer (CEO) on July 7. Since then, MATIC/USD has gained nearly 15%.
MATIC/USD four-hour price chart. Source: TradingViewBoiron's appointment comes more than a month after the U.S. Securities and Exchange Commission (SEC) argued that MATIC is a "security" in its lawsuits against Binance and Coinbase.
Meanwhile, the price gains also appear as Polygon prepares to implement a sequence of network upgrades as a part of its "Polygon 2.0" overhaul. Namely, the establishment of a "decentralized governance" protocol by July 17.
Why is Polygon (MATIC) price up today?
Polygon (MATIC) price is up today, mirroring upside moves elsewhere in the cryptocurrency market as traders assess a mix of fundamental factors.
On July 11, the MATIC price rose 2.32% to $0.75, its highest level in a month — outperforming the crypto market, whose valuation stayed relatively unchanged from the previous day at around $1.14 trillion.
MATIC/USD daily price chart versus crypto market capitalization. Source: TradingViewNew CEO, Polygon's 'decentralized governance' plans
MATIC's intraday gains come as a part of a broader price jump that started after Polygon appointed its former chief legal office, Marc Boiron, as the new chief executive officer (CEO) on July 7. Since then, MATIC/USD has gained nearly 15%.
MATIC/USD four-hour price chart. Source: TradingViewBoiron's appointment comes more than a month after the U.S. Securities and Exchange Commission (SEC) argued that MATIC is a "security" in its lawsuits against Binance and Coinbase.
Meanwhile, the price gains also appear as Polygon prepares to implement a sequence of network upgrades as a part of its "Polygon 2.0" overhaul. Namely, the establishment of a "decentralized governance" protocol by July 17.
Axelar partners with Microsoft for hybrid blockchain solutions
Through the collaboration, Axelar will be the first cross-chain protocol to join Microsoft’s Azure marketplace.
Arbitrum-based Rodeo Finance exploited for $1.53M, the second time in a week
The exploiter manipulated price oracles to gain the upper hand on trades they executed using the manipulated price.
Arbitrum-based Rodeo Finance exploited for $1.53M, the second time in a week
The exploiter manipulated price oracles to gain the upper hand on trades they executed using the manipulated price.