Fidelity Digital Assets summarizing all the risks corporate treasurers face and how Bitcoin could provide a potential solution 🔥

The new CME report is out.
According to it, institutionals have entered a wait-and-see mode. Neither longs nor shorts have increased over the past week.

Institutionals are waiting, and so are we 🍿

🔥Sony Enters crypto market by Acquiring Crypto Exchange Amber

🚨Binance adds monitoring tags to 11 tokens, warns of potential delisting
Binance has added monitoring tags to the following tokens, which may face delisting:

- Balancer (BAL)
- Cortex (CTXC)
- PowerPool (CVP)
- Convex Finance (CVX)
- Dock (DOCK)
- Kava Lend (HARD)
- IRISnet (IRIS)
- MovieBloc (MBL)
- Polkastarter (POLS)
- Status (SNT)
- Sun (SUN)

Upcoming this Week : July

Macro:
🟠 Fed Powell Speaks on 2
🟠 Fed Meeting Minutes on 3
🟠 U.S. Jobs data on 5

Crypto:
🟠 13F Filings for BTC ETFs in July. These filings will show which institutions started, exited or added to positions during April, May and June.

🟠 ETH ETFs are expected to be approved for trading in early july.
🟠 AGIX and OCEAN merger into FET [Phase 1] starts from july 1.

🟠 Mt. Gox to begin repayments starting July.
🟠 Bitcoin 2024 Event: Nashville July 25-27 [Trump in talks to speak at the event].

🔓Unlocks:

$IO (8%): $23m
$XAI (71%): $84m

😳 Polkadot spent $37 million USD on outreach during the first half of 2024, targeting new users, developers, and businesses:

- $10 million on ads and sponsorships
- $4.4 million on influencers
- $4 million on digital ads

Despite this investment, Polkadot still seems invisible on X and other platforms. Polkadot's treasury has about two years of runway left at the current burn rate of $87 million USD per six months

US Spot BitcoinETF Positive inflows with +$130M ( 01-07-2024 )

🟠Grayscale & Blackrock saw Zero Inflow/outflow
🟠Total Value Traded: $1.36 Billion ( As of 1st July )
🟠Total Net Assets ~$55 Billion in Spot ETFs 

US Bitcoin ETFs Bought 2,044 $BTC Yesterday, which is Equal to Approximately 4 and Half days supply.

Pendle TVL fell 40% in 2 days (from $6.2bn to $3.7bn)

Looks like 'German Government' has sold atleast ~3k BTC in the last 10 days

'German Government' still holds 44k  BTC

🚨 BREAKING: Pump.fun Surpasses Ethereum in 24 Hour Revenue

People claim they want real tech, yet memecoins are outpacing top-tier Layer 1 blockchains in revenue.

$700M in Bitcoin shorts will be liquidated at $65,000! 🚀

$TAO Drops 20% following $8M wallet drain attack 😨

TAO halted its blockchain after an attack drained $8 million from a user wallet, causing a 15% drop in TAO token prices. The chain is now in "safe mode," producing blocks but not processing transactions.

In the next months, FTX will distribute $16b in cash to its customers

Base generated ~$19.48 million in onchain earnings during Q2

Forbes reports Trump pushes for Bitcoin as a reserve asset

Bitcoin Standard 🔥Its Happening

German government transfers $175 million in Bitcoin, including $75 million to crypto exchanges

Tron founder Justin Sun offers to buy all Bitcoin held by the German government to minimize impact on the market

In the past 24 hours, the total liquidations comes in at $385 million

The largest single liquidation order happened on Binance - ETHUSDT value $18.48M

German MP Urges Government to Cease Bitcoin Sales

Joana Cotar, (Member of Parliament) urged the German government to stop its Bitcoin sales, calling them "counterproductive."

⚠️ Mt Gox moves 47,228 BTC ($2.71 billion dollars) from cold storage to a new wallet.

Mt Gox $BTC repayments start

Time to get this over and done with.😵