❗Santiment: Ripple network activity hits two-year high
📊Activity on the Ripple (XRP) blockchain reached a two-year high on June 26, according to the analytics firm Santiment. For the first time since February 2020, the number of unique addresses interacting with the network has exceeded 200 000. The day before it was around 30 000, an increase of more than 580%.
https://getblock.net/en/news/santiment-ripple-network-activity-hits-two-year-high
📊Activity on the Ripple (XRP) blockchain reached a two-year high on June 26, according to the analytics firm Santiment. For the first time since February 2020, the number of unique addresses interacting with the network has exceeded 200 000. The day before it was around 30 000, an increase of more than 580%.
https://getblock.net/en/news/santiment-ripple-network-activity-hits-two-year-high
☝Ethereum network fees hit one-year low
💰On July 2, Ethereum network fees dropped to their lowest level for the year. According to the Etherscan platform, a regular ETH transfer costs $0,17-$0,2. For transactions with ERC-20 tokens, a user will pay $0,61, while for NFT transactions on the OpenSea marketplace will pay $1,43. Deposits and withdrawals on the Tornado Cash mixer cost $13. Previously, similar figures were seen on the network in early July 2021. As of July 2, 13:10 UTC, ETH is trading at $1056, having gained 0,6% per day, according to Binance.
https://getblock.net/en/news/ethereum-network-fees-hit-one-year-low
💰On July 2, Ethereum network fees dropped to their lowest level for the year. According to the Etherscan platform, a regular ETH transfer costs $0,17-$0,2. For transactions with ERC-20 tokens, a user will pay $0,61, while for NFT transactions on the OpenSea marketplace will pay $1,43. Deposits and withdrawals on the Tornado Cash mixer cost $13. Previously, similar figures were seen on the network in early July 2021. As of July 2, 13:10 UTC, ETH is trading at $1056, having gained 0,6% per day, according to Binance.
https://getblock.net/en/news/ethereum-network-fees-hit-one-year-low
💥 Cryptocurrency price dynamics 04.07.2022💥
Most crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Tron showed the highest growth for the day: +4.1%.
⬇️ Ethereum showed the biggest drop over the day: -0.5%.
🟢 BTC - $ 19,161.97 (+0.3%)
🔴 ETH - $ 1,056.57 (-0.5%)
🔴 BNB - $ 217.37 (-0.4%)
🟢 XRP - $ 0.318775 (+1.9%)
🟢 ADA - $ 0.451368 (+0.4%)
🟢 SOL - $ 33.00 (+0.6%)
🟢 DOGE - $ 0.066614 (+0.4%)
🟢 DOT - $ 6.77(+0.6%)
🟢 TRX - $ 0.066212 (+4.1%)
🟢 SHIB - $ 0.00001004 (+0.5%)
Most crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Tron showed the highest growth for the day: +4.1%.
⬇️ Ethereum showed the biggest drop over the day: -0.5%.
🟢 BTC - $ 19,161.97 (+0.3%)
🔴 ETH - $ 1,056.57 (-0.5%)
🔴 BNB - $ 217.37 (-0.4%)
🟢 XRP - $ 0.318775 (+1.9%)
🟢 ADA - $ 0.451368 (+0.4%)
🟢 SOL - $ 33.00 (+0.6%)
🟢 DOGE - $ 0.066614 (+0.4%)
🟢 DOT - $ 6.77(+0.6%)
🟢 TRX - $ 0.066212 (+4.1%)
🟢 SHIB - $ 0.00001004 (+0.5%)
✅Crypto exchange FTX US signs deal with BlockFi with the platform’s buyout option
💰The US arm of cryptocurrency exchange FTX will issue a $400 million revolving credit to BlockFi, with the option to buy back the platform at a price of up to $240 million, depending on its economic performance. Taking into account other potential benefits, the total deal would amount to $680 million, BlockFi CEO Zac Prince noted on Twitter. The agreement is pending shareholder approval.
https://getblock.net/en/news/crypto-exchange-ftx-us-signs-deal-with-blockfi-with-the-platforms-buyout-option
💰The US arm of cryptocurrency exchange FTX will issue a $400 million revolving credit to BlockFi, with the option to buy back the platform at a price of up to $240 million, depending on its economic performance. Taking into account other potential benefits, the total deal would amount to $680 million, BlockFi CEO Zac Prince noted on Twitter. The agreement is pending shareholder approval.
https://getblock.net/en/news/crypto-exchange-ftx-us-signs-deal-with-blockfi-with-the-platforms-buyout-option
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Bitcoin
Bitcoin is trading at the upper edge of the wedge and may once again attempt to break out of the pattern. If the wedge is implemented upwards, there is a chance of an impulse rise of up to $20 000.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-04072022
#BTC #Analytics
Bitcoin is trading at the upper edge of the wedge and may once again attempt to break out of the pattern. If the wedge is implemented upwards, there is a chance of an impulse rise of up to $20 000.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-04072022
#BTC #Analytics
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🚫Crypto broker Voyager Digital suspends all operations
📢On July 1, US cryptocurrency broker Voyager Digital announced a temporary suspension of trading, deposits, and withdrawals, as well as rewards accrual. According to a press release, the platform holds about $685 million in digital assets in its accounts, while the volume of loans issued exceeds $1,1 billion. Of that amount, about half was issued to the cryptocurrency hedge fund Three Arrows Capital (3AC), which filed for bankruptcy in the United States on July 2.
https://getblock.net/en/news/crypto-broker-voyager-digital-suspends-all-operations
📢On July 1, US cryptocurrency broker Voyager Digital announced a temporary suspension of trading, deposits, and withdrawals, as well as rewards accrual. According to a press release, the platform holds about $685 million in digital assets in its accounts, while the volume of loans issued exceeds $1,1 billion. Of that amount, about half was issued to the cryptocurrency hedge fund Three Arrows Capital (3AC), which filed for bankruptcy in the United States on July 2.
https://getblock.net/en/news/crypto-broker-voyager-digital-suspends-all-operations
⚡️Tesla’s unrealized losses from bitcoin investments amount to $440 million
📃Tesla’s unrealized losses from bitcoin investments in the second quarter of 2022 amounted to $440 million. The company bought $1,5 billion worth of BTC last February, but as the asset’s rate plunged, its investments have lost substantially in value. Tesla reported $1,26 billion in reserves in its report for the first quarter of 2022. In this, on June 30, the last day of the second fiscal quarter, bitcoin was trading at around $19 000 and the company’s investments were valued at just $820,8 million.
https://getblock.net/en/news/teslas-unrealized-losses-from-bitcoin-investments-amount-to-440-million
📃Tesla’s unrealized losses from bitcoin investments in the second quarter of 2022 amounted to $440 million. The company bought $1,5 billion worth of BTC last February, but as the asset’s rate plunged, its investments have lost substantially in value. Tesla reported $1,26 billion in reserves in its report for the first quarter of 2022. In this, on June 30, the last day of the second fiscal quarter, bitcoin was trading at around $19 000 and the company’s investments were valued at just $820,8 million.
https://getblock.net/en/news/teslas-unrealized-losses-from-bitcoin-investments-amount-to-440-million
❗️Nassim Taleb calls El Salvador’s President an “idiot” for investing in bitcoin
🤔Economist and the author of the bestseller “The Black Swan: The Impact of the Highly Improbable,” Nassim Taleb criticized El Salvador’s President Nayib Bukele on Twitter, who had earlier reported another the state’s investment in bitcoin and expressed gratitude “for selling cheap.” Taleb called Bukele “Bitdiot” and added that even if the asset reached the $100 000 mark, bitcoin has already “failed.” According to the writer, the first cryptocurrency has not only failed to work as an insurance against inflation but, on the contrary, has worsened it.
https://getblock.net/en/news/nassim-taleb-calls-el-salvadors-president-an-idiot-for-investing-in-bitcoin
🤔Economist and the author of the bestseller “The Black Swan: The Impact of the Highly Improbable,” Nassim Taleb criticized El Salvador’s President Nayib Bukele on Twitter, who had earlier reported another the state’s investment in bitcoin and expressed gratitude “for selling cheap.” Taleb called Bukele “Bitdiot” and added that even if the asset reached the $100 000 mark, bitcoin has already “failed.” According to the writer, the first cryptocurrency has not only failed to work as an insurance against inflation but, on the contrary, has worsened it.
https://getblock.net/en/news/nassim-taleb-calls-el-salvadors-president-an-idiot-for-investing-in-bitcoin
⬇️Media: Celsius cuts its staff by one-quarter
💼Celsius, a DeFi platform for lending and staking cryptocurrencies, has laid off 150 employees, Calcalist reports. Previously, the company said about accelerating work on resuming the withdrawal function and resolving liquidity issues. According to Celsius’ LinkedIn profile, the company had 647 employees. The platform’s representatives did not respond to a media request for comment.
https://getblock.net/en/news/media-celsius-cuts-its-staff-by-one-quarter
💼Celsius, a DeFi platform for lending and staking cryptocurrencies, has laid off 150 employees, Calcalist reports. Previously, the company said about accelerating work on resuming the withdrawal function and resolving liquidity issues. According to Celsius’ LinkedIn profile, the company had 647 employees. The platform’s representatives did not respond to a media request for comment.
https://getblock.net/en/news/media-celsius-cuts-its-staff-by-one-quarter
🚀Cardano developers launch Vasil upgrade on testnet
💻Cardano’s Vasil Hard Fork Combinator (HFC) was launched on the blockchain’s testnet on July 3. This was announced by Input Output, a developer company, on Twitter. Over the next four weeks, stake pool operators, app developers, and cryptocurrency exchanges will test the upgrade, after which it will be launched on the mainnet.
https://getblock.net/en/news/cardano-developers-launch-vasil-upgrade-on-testnet
💻Cardano’s Vasil Hard Fork Combinator (HFC) was launched on the blockchain’s testnet on July 3. This was announced by Input Output, a developer company, on Twitter. Over the next four weeks, stake pool operators, app developers, and cryptocurrency exchanges will test the upgrade, after which it will be launched on the mainnet.
https://getblock.net/en/news/cardano-developers-launch-vasil-upgrade-on-testnet
🚫Crypto platform Vauld suspends withdrawals
🤔Crypto platform Vauld suspended its withdrawal, trading, and depositing functions and hired advisors to carry out restructuring. Representatives of Vauld explained that the company was negatively affected by the market volatility and the financial difficulties of its partners. In addition, the company noted that amid the collapse of the Terra ecosystem, the suspension of withdrawals by the Celsius platform, and the bankruptcy of the hedge fund Three Arrows Capital, its customers have withdrawn more than $197,7 million from the platform since June 12.
https://getblock.net/en/news/crypto-platform-vauld-suspends-withdrawals
🤔Crypto platform Vauld suspended its withdrawal, trading, and depositing functions and hired advisors to carry out restructuring. Representatives of Vauld explained that the company was negatively affected by the market volatility and the financial difficulties of its partners. In addition, the company noted that amid the collapse of the Terra ecosystem, the suspension of withdrawals by the Celsius platform, and the bankruptcy of the hedge fund Three Arrows Capital, its customers have withdrawn more than $197,7 million from the platform since June 12.
https://getblock.net/en/news/crypto-platform-vauld-suspends-withdrawals
⚠️Analyst Justin Bennett warns of possible decline in the rates of two altcoins
📉Crypto analyst and trader Justin Bennett has warned of a possible decline in the value of altcoins such as Dogecoin (DOGE) and VeChain (VET). In his view, the tokens will see a correction amid the bitcoin price falling below $20 000.
https://getblock.net/en/news/analyst-justin-bennett-warns-of-possible-decline-in-the-rates-of-two-altcoins
📉Crypto analyst and trader Justin Bennett has warned of a possible decline in the value of altcoins such as Dogecoin (DOGE) and VeChain (VET). In his view, the tokens will see a correction amid the bitcoin price falling below $20 000.
https://getblock.net/en/news/analyst-justin-bennett-warns-of-possible-decline-in-the-rates-of-two-altcoins
👋Binance’s chief growth officer leaves the company after 5 years of work
💼Ted Lin, chief growth officer at cryptocurrency exchange Binance, has announced his departure from the company after almost five years of work. He joined the team in September 2017, 2 months after the exchange was launched. On Twitter and LinkedIn, Lin added that the decision to leave was difficult, but that he wanted to spend more time with his family and “be more flexible with my time.”
https://getblock.net/en/news/binances-chief-growth-officer-leaves-the-company-after-5-years-of-work
💼Ted Lin, chief growth officer at cryptocurrency exchange Binance, has announced his departure from the company after almost five years of work. He joined the team in September 2017, 2 months after the exchange was launched. On Twitter and LinkedIn, Lin added that the decision to leave was difficult, but that he wanted to spend more time with his family and “be more flexible with my time.”
https://getblock.net/en/news/binances-chief-growth-officer-leaves-the-company-after-5-years-of-work
🤔Trader Tone Vays explains possible drop in the bitcoin rate to $14 500
🗣Cryptocurrency trader and investor Tone Vays has said that bitcoin could set a new 2022 price low if the asset breaks through the current support level. Based on the analysis of the daily chart, the trader assumed that BTC is on the verge of breaking through the $19 000 level, which could be followed by a new sell-off. According to him, in this case, the first cryptocurrency’s rate could fall to the $14 500 level.
https://getblock.net/en/news/trader-tone-vays-explains-possible-drop-in-the-bitcoin-rate-to-14-500
🗣Cryptocurrency trader and investor Tone Vays has said that bitcoin could set a new 2022 price low if the asset breaks through the current support level. Based on the analysis of the daily chart, the trader assumed that BTC is on the verge of breaking through the $19 000 level, which could be followed by a new sell-off. According to him, in this case, the first cryptocurrency’s rate could fall to the $14 500 level.
https://getblock.net/en/news/trader-tone-vays-explains-possible-drop-in-the-bitcoin-rate-to-14-500
☝️Glassnode: Bitcoin network fees hit two-year low
💰The average fee on the Bitcoin network has dropped to its lowest in two years. According to analytics service Glassnode, the fee per transaction was about $1,15 on July 2. The last time the figure was at the same level was in early July 2020. As of July 4 at 14:30 UTC, BTC is trading at $19 595, having added 2,79% in a day, according to the Binance exchange.
https://getblock.net/en/news/glassnode-bitcoin-network-fees-hit-two-year-low
💰The average fee on the Bitcoin network has dropped to its lowest in two years. According to analytics service Glassnode, the fee per transaction was about $1,15 on July 2. The last time the figure was at the same level was in early July 2020. As of July 4 at 14:30 UTC, BTC is trading at $19 595, having added 2,79% in a day, according to the Binance exchange.
https://getblock.net/en/news/glassnode-bitcoin-network-fees-hit-two-year-low
👍Central African Republic launches national cryptocurrency
💭The Central African Republic (CAR) has launched its own national cryptocurrency, Sango Coin. This was announced by the country's president Faustin-Archange Touadéra on June 3. According to him, the asset will exist alongside bitcoin as an official means of payment. According to The Block, the country plans to use Sango Coin to tokenize its natural resources, including petroleum, diamonds and copper.
https://getblock.net/en/news/central-african-republic-launches-national-cryptocurrency
💭The Central African Republic (CAR) has launched its own national cryptocurrency, Sango Coin. This was announced by the country's president Faustin-Archange Touadéra on June 3. According to him, the asset will exist alongside bitcoin as an official means of payment. According to The Block, the country plans to use Sango Coin to tokenize its natural resources, including petroleum, diamonds and copper.
https://getblock.net/en/news/central-african-republic-launches-national-cryptocurrency
💥 Cryptocurrency price dynamics 05.07.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the highest growth over the day: +10.0%.
🟢 BTC - $ 20,309.42 (+6.1%)
🟢 ETH - $ 1,160.25 (+10.0%)
🟢 BNB - $ 234.96 (+8.1%)
🟢 ADA - $ 0.468267 (+3.8%)
🟢 XRP - $ 0.326770 (+2.5%)
🟢 SOL - $ 35.93 (+8.9%)
🟢 DOGE - $ 0.069393 (+4.2%)
🟢 DOT - $ 7.04 (+4.1%)
🟢 TRX - $ 0.068619 (+3.7%)
🟢 SHIB - $ 0.00001071 (+6.7%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the highest growth over the day: +10.0%.
🟢 BTC - $ 20,309.42 (+6.1%)
🟢 ETH - $ 1,160.25 (+10.0%)
🟢 BNB - $ 234.96 (+8.1%)
🟢 ADA - $ 0.468267 (+3.8%)
🟢 XRP - $ 0.326770 (+2.5%)
🟢 SOL - $ 35.93 (+8.9%)
🟢 DOGE - $ 0.069393 (+4.2%)
🟢 DOT - $ 7.04 (+4.1%)
🟢 TRX - $ 0.068619 (+3.7%)
🟢 SHIB - $ 0.00001071 (+6.7%)
😱Hackers hacked into the British army’s social media to promote NFTs
🕷On July 2, the British Army's official Twitter and YouTube accounts were hacked. Hackers used the department's accounts to promote two NFT collections, Bapescaln and The Possessed. By the evening of July 3, the Army was able to restore access to the accounts. Army officials apologized and said they would conduct a detailed investigation into the incident.
https://getblock.net/en/news/hackers-hacked-into-the-british-armys-social-media-to-promote-nfts
🕷On July 2, the British Army's official Twitter and YouTube accounts were hacked. Hackers used the department's accounts to promote two NFT collections, Bapescaln and The Possessed. By the evening of July 3, the Army was able to restore access to the accounts. Army officials apologized and said they would conduct a detailed investigation into the incident.
https://getblock.net/en/news/hackers-hacked-into-the-british-armys-social-media-to-promote-nfts
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Bitcoin
Bitcoin broke out the wedge upward and has already reached $20 400. It is possible that the asset will soon test the upper edge of the wedge as support, which means that its price could drop to $18 500. After that, the cryptocurrency will have an opportunity to return to growth. Bitcoin will likely continue to rise in the current situation without a support retest.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-05072022
#BTC #Analytics
Bitcoin broke out the wedge upward and has already reached $20 400. It is possible that the asset will soon test the upper edge of the wedge as support, which means that its price could drop to $18 500. After that, the cryptocurrency will have an opportunity to return to growth. Bitcoin will likely continue to rise in the current situation without a support retest.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-05072022
#BTC #Analytics
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💵 Investors invested $3,67 billion in crypto startups in June
📃In June, investors contributed $3,67 billion to cryptocurrency and Web 3.0 projects. According to a report by analyst Colin Wu, this figure is 60% more than the same period in 2021 ($2,3 billion). However, compared to May 2022 ($4,45 billion), the volume of investments decreased by 18% — in June, venture capitalists invested in 191 crypto projects, in May, there were 225.
https://getblock.net/en/news/investors-invested-367-billion-in-crypto-startups-in-june
📃In June, investors contributed $3,67 billion to cryptocurrency and Web 3.0 projects. According to a report by analyst Colin Wu, this figure is 60% more than the same period in 2021 ($2,3 billion). However, compared to May 2022 ($4,45 billion), the volume of investments decreased by 18% — in June, venture capitalists invested in 191 crypto projects, in May, there were 225.
https://getblock.net/en/news/investors-invested-367-billion-in-crypto-startups-in-june
📈Weekly inflows into short bitcoin-based instruments amounted to $51 million
💰According to a report from CoinShares, inflows into digital asset-based investment products totaled $61 million between June 27 and July 3. Of those funds, 51 million were invested in bitcoin-based short instruments. Investments in long-term investment products related to the first cryptocurrency amounted to $600 000. Analysts also noted that Ethereum has shown inflows ($5 million) for the second week in a row, breaking an 11-week period of outflows.
https://getblock.net/en/news/weekly-inflows-into-short-bitcoin-based-instruments-amounted-to-51-million
💰According to a report from CoinShares, inflows into digital asset-based investment products totaled $61 million between June 27 and July 3. Of those funds, 51 million were invested in bitcoin-based short instruments. Investments in long-term investment products related to the first cryptocurrency amounted to $600 000. Analysts also noted that Ethereum has shown inflows ($5 million) for the second week in a row, breaking an 11-week period of outflows.
https://getblock.net/en/news/weekly-inflows-into-short-bitcoin-based-instruments-amounted-to-51-million