The University of Wyoming founded the UW Bitcoin Research Institute, a pioneering academic institution focused on studying Bitcoin.
Dr. Bradley Rettler, an Associate Professor of Philosophy, has been chosen as the first director. In “Resistance Money: A Philosophical Case for Bitcoin,” Rettler examines the historical and conceptual underpinnings of crypto, asserting that Bitcoin and similar decentralized initiatives have the potential to challenge authoritarian governments, surveillance, inflation, and financial discrimination.
The institute aims to establish faculty seats dedicated to Bitcoin study, promote and acknowledge exceptional academic research, inspire new academics to engage in Bitcoin-related projects, and offer seminars on relevant papers and books.
Additionally, its objective is to facilitate connections among scholars with an interest in Bitcoin and offer rigorously evaluated research for journalists, politicians, and the general public.
The institute aims to rectify the current subpar condition of academic Bitcoin research by generating more precise and rigorous academic studies. The University of Wyoming is well-equipped to spearhead this project due to its strategic location, interdisciplinary academic cooperation, proximity to renewable energy sources, and favorable legislative and regulatory environment.

Bitcoin is poised to exceed the $70,000 threshold due to the anticipation of a substantial announcement regarding Bitcoin’s involvement in the United States’ financial policy during Donald Trump’s keynote speech at the Bitcoin 2024 Conference in Nashville.
The price of Bitcoin reached its highest point at $69,300, indicating a 3.1% surge within the last 24 hours. Robert F. Kennedy Jr., a contender for the US presidency, proposed the idea that Trump may potentially announce intentions to classify Bitcoin as a reserve asset.
David Bailey, the Chief Executive Officer of BTC Inc., saw the endorsement of the Bitcoin community for Trump, who has transitioned from his earlier negative stance on crypto to now embracing donations and advocating for domestic Bitcoin mining.
The price of Bitcoin had a significant increase, surpassing $67,000 earlier this week, due to the anticipation surrounding Trump’s keynote speech.
Recently, CoinGecko released a survey indicating that 43.7% of respondents anticipate Bitcoin to surpass $100,000 this cycle, with the $91,000 to $100,000 range being the most popular prediction. Experienced crypto participants and investors have higher expectations, with 50.5% and 51.8% of respondents predicting Bitcoin will surpass $100,000.

Recently, there has been a substantial level of activity in the cryptocurrency market, particularly with the Uniswap team showcasing noteworthy engagement.
A wallet associated with the decentralized finance (DeFi) protocol, Uniswap Team, transferred UNI tokens valued at $9.146 million to the Coinbase market. In 2020, a total of 9 million UNI tokens were transferred from another Uniswap Team wallet to the mentioned wallet.

Since July 4, these tokens have been gradually transferred in batches of over 1 million to the Coinbase Prime deposit. The Uniswap ecosystem actively engages with the community and has recently announced significant upgrades, including a strategic agreement with the Zora Network.
The Uniswap coin has demonstrated a price appreciation of 17.52% over the past 30 days, exhibiting earlier strong trends in May and June.
In early July, the price of UNI experienced a decline, reaching a low point of $6.763, which was the lowest it had been in two months. However, it has since made efforts to recover and establish a positive trend.
Recently, Uniswap announced an update for UniswapX. This update introduces a new auction contract that aims to improve the process of quoting information.

Michael Saylor, the executive chairman of MicroStrategy, forecasts a substantial increase in Bitcoin’s value, projecting it to reach $13 million by the year 2045.
With a current valuation of $67,800, Bitcoin’s market capitalization stands at $1.338 trillion, representing a mere 0.1% of the total world wealth.
Saylor asserts that in order for Bitcoin to achieve this fundamental scenario, it would necessitate an annual rate of return of 29%, leading to a market capitalization of $280 trillion and representing 7% of the world’s total wealth.
Under an optimistic scenario, Bitcoin’s value may reach $49 million, representing 22% of the world’s wealth. Conversely, under a pessimistic scenario, its value could drop to $3 million, accounting for only 2% of global wealth. MicroStrategy, under Saylor’s guidance, has acquired a Bitcoin portfolio valued at over $15 billion.
At writing time, Bitcoin (BTC) outperformed the overall crypto market performance, experiencing a 4.83% increase and reaching a value of $68,000. Cryptocurrencies including Solana (SOL), Ethereum (ETH), BNB Chain (BNB), and Cardano (ADA) experienced an over-3% increase. Dogecoin (DOGE), on the other hand, experienced a 4% increase in value, whilst the memecoin popcat (POPCAT), which is built on the Solana blockchain, surged by over 9%.

Bitcoin (BTC) surpassed the overall cryptocurrency market performance, experiencing a 4.83% increase and reaching a value of $68,000.
Prominent cryptocurrencies, including Solana (SOL), ether (ETH), BNB Chain (BNB), and Cardano (ADA), experienced an over-3% increase. Dogecoin (DOGE) experienced a 4% increase in value, whilst the memecoin popcat (POPCAT), which is built on the Solana blockchain, surged by over 9%.

On the third day, there were more liquidations of ether products than liquidations of BTC-tracked futures in the crypto futures market. The total value of long positions liquidated for ether products was over $70 million, while for BTC-tracked futures it was $55 million.
The open interest decreased by $1 billion in the last 24 hours, suggesting a withdrawal of funds from the market. Bitcoin exchange-traded funds (ETFs) attracted a net inflow of $31.16 million, resulting in a total cumulative net flow of about $17.5 billion since their launch in January. Ethereum experienced a 3.2% increase, reaching a value of $3,284.
The total net flow of funds for the ETFs since the beginning of this week stands at a negative value of $178.68 million. This is primarily due to the outflow of funds from the Grayscale Ethereum Trust (ETHE), which underwent a conversion into an ETF. This scenario has a striking resemblance to the debuts of Bitcoin ETF products earlier this year.

The outflows from the Grayscale Bitcoin Trust (GBTC), which is the largest bitcoin fund globally, had a negative impact on the price of bitcoin during the initial weeks. Subsequently, the influx of investments into competing funds counteracted the downward movement, driving BTC to reach its highest value ever in March.
If this pattern persists, the withdrawal from the Grayscale Ethereum ETF may conclude at a faster pace compared to Bitcoin in January, potentially as soon as the middle of next week. Following this, we anticipate a substantial increase in net inflow as a result of the influx into the other exchange-traded funds (ETFs) that has been noticed in recent days.
Recently, Mayor Steven Fulop of Jersey City has declared intentions to deploy a segment of the city’s pension fund towards Bitcoin ETFs, indicating a notable change in the city’s financial approach to incorporating crypto.

Solana (SOL) has garnered significant interest in the international crypto market as a result of the substantial increase in Bitcoin’s value and the news of the Ethereum Exchange-Traded Fund (ETF).
Franklin Templeton, a well-known investment management company, is contemplating the submission of a Solana Exchange-Traded Fund (ETF), in line with the actions taken by VanEck and 21Shares.
The price of Solana has surged by more than 8.48% in the last 24 hours, remaining over the $175 threshold. Ali Martinez, an analyst who studies blockchain data, forecasts a possible surge of 900% in the value of SOL, with the price potentially reaching $1,000.

Currently, Solana’s trade price stands at $178, accompanied by a market capitalization of $83 billion. The price of the asset has exhibited an upward trend, resembling that of BTC and ETH. It has traded above the resistance levels of $170 and $175 and above the 50% Fibonacci retracement level.
The price is higher than the 21-day and 9-day moving averages, which suggests strong momentum. The Relative Strength Index (RSI) stands at 59, indicating that Solana remains in the neutral range and has not yet reached overbought levels.
Recently, Ali Martinez, a crypto expert, predicted a substantial surge in the value of Solana (SOL), relying on past price trends and technical patterns. He thinks that SOL has the potential to surpass $1,000 in value

Ali Martinez, a crypto expert, foresees a substantial surge in the value of Solana (SOL), relying on past price trends and technical patterns. Martinez believes that SOL has the potential to surpass $1,000 in value.
This belief is based on the observed resemblances between the recent movement of this altcoin and the pattern witnessed in 2021, which resulted in a remarkable spike. In 2021, the value of SOL underwent a significant and impressive increase, starting at $22.14 and reaching a record-breaking peak of $260.
According to Martinez’s study, Solana is exhibiting similar behavior to its rally before 2021 by breaking out of a bullish wedge flag formation. SOL has recently surpassed a bullish wedge flag pattern and is currently showing signs of accumulation, indicating an imminent rise.
Martinez predicts that SOL’s next objective will exceed $1,300, indicating a substantial 717.28% surge from its present price. SOL has exhibited exceptional performance as a crypto throughout the ongoing period of significant market growth, experiencing a remarkable surge of 1,184% and reaching a peak value of $209.90 in March 2024.
Although the altcoin has been trading in a range without significant movement in the overall cryptocurrency market, recent patterns indicate that it is recovering its upward momentum. This has prompted several analysts to forecast a possible upward breakout.

Grayscale’s Ethereum ETF (ETHE) lost over $1 billion in three trading days after its conversion, lowering assets under management from $9 billion to $7.4 billion.
Inflows were led by BlackRock’s iShares Ethereum Trust (ETHA), which attracted $71 million and followed by Grayscale’s Ethereum Mini Trust (ETH), a spinoff of Ethereum Trust.
Fidelity’s Ethereum Fund (FETH), Bitwise’s Ethereum ETF (ETHW), VanEck’s Ethereum ETF (ETHV), and Invesco/Galaxy’s QETH all saw inflows. A $152 million net outflow for the nine funds was the highest since their July 23 trading debut.
ETHE’s 2.5% charge makes Ethereum exposure expensive, so investors sell ETHE shares and switch to lower-fee newcomers. Grayscale’s Ethereum Mini Trust, one of the lowest-cost spot Ethereum funds in the US, has a 0.15% charge and may help avoid déjà vu.
Currently, Ethereum is trading at $3,262.08 with a 24-hour trading volume of $21,116,074,568. This means Ethereum is up 2.75% in the last 24 hours after falling to around $3,100.

Robert F. Kennedy Jr., an independent contender for the US presidency, publicly endorsed Bitcoin during his speech at the BTC 2024 conference held in Nashville. He expressed his strong endorsement of Bitcoin and revealed that the majority of his money is invested in it.
The topic of Bitcoin has been a highly debated issue throughout the presidential cycle, as the campaign of Republican contender Donald Trump announced in May that it would be accepting cryptocurrency donations.
Several crypto entrepreneurs have expressed their support for the Trump campaign. For instance, Jesse Powell, the co-founder of Kraken, has made a generous donation of $1 million in cryptocurrency to Trump.
Additionally, the Winklevoss Twins have also contributed to a political action committee affiliated with Trump.

Mayor Steven Fulop of Jersey City has declared intentions to deploy a segment of the city’s pension fund towards Bitcoin exchange-traded funds (ETFs), indicating a notable change in the city’s financial approach to incorporating crypto.
The pension fund is currently revising its documentation with the US Securities and Exchange Commission (SEC) to incorporate Bitcoin Exchange-Traded Funds (ETFs). This move aligns Jersey City with the Wisconsin Pension Fund, which allocated 2% of its $156 billion in assets to Bitcoin ETFs during the second quarter of this year.
Mayor Fulop has confidence in the future of these assets and anticipates that the addition of Bitcoin ETFs to Jersey City’s pension fund will be completed by the end of the summer.
The approval of spot Bitcoin ETFs by the SEC earlier this year has generated interest in Bitcoin among public pension funds, creating an opportunity for municipalities to view Bitcoin as a feasible investment choice.
Political officials and regulators, including Donald Trump, are endorsing the use of Bitcoin. Senator Cynthia Lummis of Wyoming intends to advocate the formal recognition of Bitcoin as a strategic reserve asset, on par with gold, during her speech at the Bitcoin 2024 conference in Nashville. $BTC

VanEck, an asset manager, predicts that Bitcoin’s price may reach $2.9 million by 2050, assuming high hurdles are cleared. The report suggests that Bitcoin will become an essential part of the international monetary system in the next few decades due to rising geopolitical tensions and ballooning debt servicing costs.
Matthew Sigel, head of digital asset research at VanEck, believes that many of these distortions stem from a massive misallocation of capital since the global financial crisis. Bitcoin is seen as the ultimate hedge against rising fiscal recklessness.
In the base case scenario, Bitcoin would become a key medium of exchange in local and global trade, representing 10% of international trade settlement and 5% of GDP. It would also gain as a global reserve asset at the expense of the four largest foreign reserve currencies, reaching a 2.5% weight in international currency reserves.
If the report is accurate, Bitcoin’s price will increase by 44 times, gaining 16% annually from its current price of just below $65,000. Its market capitalization would soar to $61 trillion. The proliferation of layer-2 networks will play a key role in overcoming the Bitcoin blockchain’s bottlenecks and scaling issues, with the sector potentially worth $7.6 trillion by 2050.
VanEck warns about potential risks that could stifle Bitcoin’s expansion, including increasing energy demand by miners, revenue from processing transactions, and concerted efforts by governments to restrict or outlaw Bitcoin.

Ripple CEO Brad Garlinghouse is requesting US Vice President Kamala Harris to provide a clear explanation of her position on crypto regulation in light of ongoing discussions over the government’s policies on digital currency.
This request comes in the wake of Harris’s decision to withdraw from the Bitcoin Conference 2024. Garlinghouse asserts that the rise of crypto has been impeded by tribalism and political bias, and he advocates for prioritizing policy ideas over political connections.
He proposes evaluating candidates based on their policy commitments rather than party affiliations, mirroring a prevailing feeling among cryptocurrency leaders who believe that political agendas have eclipsed essential policy discussions.

Slaughter’s latest publication on X emphasized the substantial transformations that Harris may potentially introduce as the elected president. It implied that she might revamp crucial national security posts, potentially leading to the replacement of current advisers within Biden’s administration.
The proposed revision prompts inquiries regarding its influence on US policy, particularly concerning the regulation of Bitcoin and crypto. Garlinghouse’s response to Slaughter’s rating demonstrates a combination of optimism and prudence, recognizing her extensive knowledge of Silicon Valley, which could be beneficial in tackling the legal obstacles encountered by the cryptocurrency industry.
A significant number of cryptocurrency enthusiasts are turning their attention to Republican candidate Donald Trump, as President Joe Biden’s administration receives backlash for its stringent enforcement measures.
Voters who perceive themselves as marginalized by existing restrictions find resonance in Trump’s pledges to implement favorable policies for the crypto sector.
The effect on crypto voters remains ambiguous as Harris’s candidacy advances, with the sector constantly monitoring legislative modifications that might either promote or impede innovation.
Recently, Kamala Harris repeatedly called Bitcoin “money for criminals” in private.

Robert F. Kennedy Jr., an independent contender for the US presidency, publicly endorsed Bitcoin during his speech at the BTC 2024 conference held in Nashville. He expressed his strong endorsement of Bitcoin and revealed that the majority of his money is invested in it.
The topic of Bitcoin has been a highly debated issue throughout the presidential cycle, as the campaign of Republican contender Donald Trump announced in May that it would be accepting cryptocurrency donations.
Several crypto entrepreneurs have expressed their support for the Trump campaign. For instance, Jesse Powell, the co-founder of Kraken, has made a generous donation of $1 million in cryptocurrency to Trump.
Additionally, the Winklevoss Twins have also contributed to a political action committee affiliated with Trump.

Grayscale’s Ethereum ETF (ETHE) lost over $1 billion in three trading days after its conversion, lowering assets under management from $9 billion to $7.4 billion.
Inflows were led by BlackRock’s iShares Ethereum Trust (ETHA), which attracted $71 million and followed by Grayscale’s Ethereum Mini Trust (ETH), a spinoff of Ethereum Trust.
Fidelity’s Ethereum Fund (FETH), Bitwise’s Ethereum ETF (ETHW), VanEck’s Ethereum ETF (ETHV), and Invesco/Galaxy’s QETH all saw inflows. A $152 million net outflow for the nine funds was the highest since their July 23 trading debut.
ETHE’s 2.5% charge makes Ethereum exposure expensive, so investors sell ETHE shares and switch to lower-fee newcomers. Grayscale’s Ethereum Mini Trust, one of the lowest-cost spot Ethereum funds in the US, has a 0.15% charge and may help avoid déjà vu.
Currently, Ethereum is trading at $3,262.08 with a 24-hour trading volume of $21,116,074,568. This means Ethereum is up 2.75% in the last 24 hours after falling to around $3,100.

The Donald Trump reelection campaign has garnered $3 million in contributions in the form of digital assets during the second quarter of 2024. This represents a notable shift from Trump’s previous portrayal of Bitcoin as a fraudulent scheme.
The increase in fundraising occurs as Donald Trump strategically prepares for another presidential campaign, with the Trump 47 Committee receiving significant donations from prominent individuals in the Bitcoin sector.

Cameron and Tyler Winklevoss, the co-founders of Gemini, are at the top of the contributor list with a commitment of $2 million in Bitcoin on June 20. Jesse Powell, one of the co-founders of Kraken, also pledged to contribute $1 million worth of Ether (ETH) on June 28th.
Nevertheless, the criteria set by the Federal Election Commission (FEC) require that donations exceeding the maximum individual contribution limit of $844,600 be partially refunded.
Ryan Selkis, the ex-CEO of Messari, made a donation of $50,000 in USD Coin, while Stuart Alderoy, the chief legal officer of Ripple, provided $300,000 in XRP. Among the smaller contributions were a $500 Bitcoin donation from a homemaker in Alabama, as well as other smaller sums from pensioners and self-employed persons.
Michael Belshe, the Chief Executive Officer of BitGo, contributed $50,000 worth of Bitcoin to the campaign’s funds.

In Q2 2024, the Trump 47 Committee disclosed that they raised a sum of $118 million, comprising both crypto and fiat. This brings the total amount raised by the campaign to over $142 million for the year. The arrival of funding is occurring at a critical moment as Donald Trump endeavors to strengthen his standing within the Republican Party.
Just recently, the twins also have donated $1 million in Bitcoin to republican candidate John Deaton, who is competing against Senator Elizabeth Warren in Massachusetts.

Bitcoin investors are expressing apprehension about a possible liquidation of $385 million in the event that the price drops to $60,000. The crypto market is currently undergoing a decline in prices and heightened instability, with a risk of traders being forced to sell their assets if the price drops below the $60,000 threshold.
Roman Trading anticipates a decline in BTC to a level below $60,000 in the upcoming days, attributing it to the weakness in the upward trend and the necessity for a corrective movement. If verified, it has the potential to initiate a series of $385 million worth of purchase orders on widely used crypto exchanges.

Nevertheless, the final result may vary as a result of the extremely unpredictable cryptocurrency market. Leading analysts contend that the current decline in Bitcoin’s price is not attributable to the selling activities of Mt. Gox creditors but rather to seasonal patterns and the overall sentiment of the market.
CryptoQuant’s head analyst, Ki Young Ju, and trader Roman refute concerns about a potential sell-off triggered by Mt. Gox, asserting that the decline is a customary aspect of the market cycle and that Bitcoin’s value will ultimately rebound.
The current market attitude is predominantly bullish, as indicated by the Crypto Fear and Greed Index’s “greed” score of 68. This suggests that investors maintain a positive outlook on Bitcoin’s long-term potential.
Nevertheless, this forecast relies on the prevailing market patterns, which are susceptible to alteration. Traders and investors should remain watchful and ready for potential fluctuations, as the price of Bitcoin may rebound prior to declining to $60,000.

Economic Affairs Secretary Ajay Seth has stated that India will disclose its view on cryptocurrency policy by September after engaging in consultations with important parties.
The policy will be formulated through a comprehensive process, involving the creation of a discussion paper that will outline the key concerns and solicit feedback from multiple stakeholders.
The policy will be influenced by the agreement among stakeholders rather than being governed by extensive regulation. A collaborative team comprising the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) is now engaged in formulating a policy. The objective is to publish a discussion paper on this policy before September.

India’s existing restrictions on cryptocurrencies are restrictive, imposing significant fees and mandating that crypto companies must register with the Financial Intelligence Unit (FIU-IND) to comply with international anti-money laundering (AML) and counter-terrorism financing standards.
Seth raised the inquiry of whether the regulatory scope should be broadened, a matter that will be examined in the discussion paper.
This discussion paper is a response to Seth’s commitment in September 2023 to examine and determine India’s stance on cryptocurrencies, taking into account the positions of world leaders.
India’s pledge is in line with its leadership of the Group of 20 (G20), which emphasizes the importance of reaching a consensus on global regulations for cryptocurrencies. The discussion paper is anticipated to address multiple crucial matters, encompassing wider regulatory scopes and the functions of diverse regulatory agencies.
In February of this year, the Reserve Bank of India (RBI) announced its plan to introduce offline features for its Central Bank Digital Currency (CBDC), the digital rupee, to boost its adoption in India’s underconnected areas. Governor Shaktikanta Das announced the initiative during a Monetary Policy Committee review, highlighting the RBI’s commitment to enabling digital currency use in these remote regions.

The introduction of Ethereum ETFs in the US market has resulted in substantial market changes, with the Grayscale Ethereum Trust (ETHE) losing more than $800 million since its establishment.
The inherent unpredictability and intricate nature of crypto ETF launch events resulted in a significant withdrawal of $26.7 million over two days, causing a sharp decline in the price of Ethereum.
Although Fidelity’s Ethereum ETF received an investment of $74.5 million and Grayscale’s Ethereum Mini Trust received $45.9 million, the general sentiment remained pessimistic, resulting in an 8% decrease in Ethereum’s price during the past 24 hours, bringing it down to a trading value of $3,190.
The fall can be attributed to the simultaneous introduction of Bitcoin and the distribution of Bitcoin from the now-defunct Mt. Gox, which intensified the selling pressure.
The US technology earnings season has commenced with a lackluster start, as prominent businesses such as Alphabet and Tesla have witnessed a decline in their stock prices following the release of their quarterly reports.
Another aspect believed to impact the value of Ethereum is the absence of sufficient marketing endeavors. Traditionally, the introduction of crypto frequently leads to initial excitement, which is then followed by rapid profit-taking, commonly referred to as a ‘sell-the-news’ occurrence. The Grayscale Ethereum Trust (ETHE) has lost more than $800 million since it was established.