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🎉 #Bolivia has lifted its 4 year #cryptocurrency ban to modernize its payment system. The Central Bank of Bolivia, in collaboration with the Financial System Supervisory Authority and the Financial Investigations Unit, revoked the ban, allowing financial entities to transact with cryptocurrencies.
⚠️ #Bitcoin activity has dropped to its lowest level since November 2010, with the active #wallet ratio falling to 1.22% in June. The number of active wallets reached a low of 614,770 in late May, the lowest since December 2018, according to @IntoTheBlock
#NFT sales volume dropped by 45% in Q2 2024, hitting $2.24 billion, the lowest since Q3 2023. This decline follows a strong Q1, where sales were $4.1 billion.
📉 Bitcoin's support is weakening below $60K, despite the latest U.S. #PCE data showing a three-year low in inflation. While PCE data was as expected, $BTC price remains stagnant, hovering just above $60K.
🚨 JUST IN: The "US Government" wallet transferred 11.84 $BTC ($726K) to 3KHnTqDh2LUmzYe8hgSnxY2QHFcNmuuso9 at 13:02 (UTC) This might be a small test before a larger transfer.
📣 Jesse Powell, co-founder of Kraken Exchange, donated $1M in $ETH to Trump's 2024 campaign, praising him as the only pro-#crypto major candidate. Other crypto leaders, like the Winklevoss twins, also back him.
👷🏻♀️ #Bitcoin miner sell pressure is easing as $BTC withdrawals from miner-affiliated wallets have dropped 85% since the April halving. The number of withdrawals fell from over 50,000 to under 10,000 per day.
#Cardano successfully defended against a distributed denial-of-service #DDoS attack, ensuring network stability and performance. The attack targeted the Cardano #blockchain to overwhelm it with traffic, but the system's robust architecture and security measures thwarted the attempt, maintaining operational integrity without any disruptions
Notcoin $NOT has conducted a significant token burn, eliminating $3 million worth of tokens from circulation. This strategic move is part of their broader efforts to enhance the value of the remaining tokens. The company also introduced new #tokenomics aimed at increasing transparency and providing greater benefits to the community, including a $4.2 million incentive plan for Gold and Platinum users on the #Notcoin Explore platform.
📊 #Bitcoin and the broader #cryptomarket remain volatile ahead of the US GDP report release. $BTC is hovering around $60,670, with most top cryptocurrencies in the red. A strong #GDP could mean stable interest rates, while a weak GDP might prompt rate cuts.
🚨 #MtGox will start #Bitcoin repayments to creditors next month. #JPMorgan analysts predict initial market pressure as creditors may sell part of their receivables, but expect recovery from August onwards. Mt. Gox creditors are set to receive 142,000 $BTC worth $9B from July to October, with most repayments likely in July.
📈 Bitcoin's Mayer Multiple, a key price indicator, has hit its lowest level since October 2023, indicating a "healthy reset" to #bullish sentiment. The current Mayer Multiple stands at 1.05, significantly below the 2.4 level, traditionally seen as a buy signal.
🪂 17 billion #Blast tokens will be distributed to point farmers, gold holders, and the Blast Foundation. Speculation about BLAST's value has been high, with Pro Whales pre-market trading at $0.282. Predictions vary from $0.0654 to $0.10 per token, with FDVs ranging from $2B to $10B. Are you bullish or bearish on $BLAST?