The upcoming Blum airdrop is set to take place on **September 20, 2024**, marking a significant event for the Blum community, particularly in Nigeria where the project has garnered substantial interest. This airdrop will distribute BLUM tokens to participants who have been actively engaging with the platform, including miners and those who completed specific tasks.

Blum, which operates as a hybrid exchange, combines features from both centralized and decentralized exchanges, offering liquidity similar to Binance and resilience akin to platforms like Uniswap and PancakeSwap. The airdrop also features a $2,500 giveaway that users can enter by participating in discussions and completing tasks on the platform.

Additionally, Blum has introduced a new roadmap that outlines future developments and community incentives, further boosting engagement and expanding its ecosystem. The BLUM token is also expected to be listed on major crypto exchanges between late September and early October, which could enhance its visibility and liquidity.

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Justin Sun predicts TRON's revenue could hit $4 billion, driven by a meme strategy. He aims to boost transactions and profitability by adjusting fees and energy limits. TRON's growth is supported by Dex Screener integration and increased USDT liquidity. Sun believes meme tokens will fuel further engagement. TRX price could rise to $0.30 if bullish trends persist, though it may stabilize around $0.14 in a downturn.

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$TRX

Bitcoin's dominance has surged to 56%, fueled by favorable political trends and the growing interest in spot BTC ETFs, especially among institutional investors. This marks a significant rise from 38% in November 2022 and is nearing a 40-month high. Despite the recent approval of Ethereum ETFs, they haven't matched Bitcoin's performance, as BTC continues to overshadow other altcoins, including Ethereum. The cryptocurrency's dominance has been on the rise since late 2022, with major contributions from BlackRock's BTC ETF. As the US elections approach, Bitcoin's future growth could see further catalysts.

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$BTC

Mt. Gox moved 13,265 Bitcoins worth $784 million as part of its ongoing repayment process, though it still holds 46,164 BTC valued at $2.74 billion. This comes after earlier transfers to various exchanges. Meanwhile, Bitcoin's price has dropped below the $60,000 support level, currently trading at $59,323. Despite price struggles, Bitcoin whales have continued accumulating, hoping for a rally post-BTC halving. Market attention is now focused on the upcoming FOMC meeting and potential Fed rate cuts.

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Ethereum Layer 2 network, Mantle, rebranded its liquid staking protocol to mETH Protocol after staking over 500,000 ETH. The change follows the adoption of MIP-30, introducing $cmETH, a restaking token, and $COOK, a governance token. A $COOK Token Generation Event is set for October 2024. Mantle also launched FBTC, a Bitcoin-backed asset, expanding its DeFi offerings.

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AAVE Targets $150 After 8% Jump Amid Whale Activity

AAVE's price surged 8% to $125, driven by whale accumulation and increased on-chain activity, despite a recent $260M liquidation. The recovery was fueled by two whales accumulating 31,407 AAVE ($3.92M), pushing the price up 28% in two weeks. Active address activity also surged, indicating more market participants.

AAVE broke through the $118 resistance, suggesting further gains could target $153. However, a pullback to $110 might occur if it struggles at $132 resistance.

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$AAVE

Solana (SOL) is targeting $200, boosted by a 6% rise alongside Bitcoin (BTC) and Ethereum (ETH). However, concerns linger over potential SEC Chair Gary Gensler's move to Treasury Secretary under a Kamala Harris presidency, which could negatively impact the crypto sector. Solana's price remains solid above $140, supported by technical indicators, but resistance at $150 could lead to a pullback before further gains. Increased social media activity and positive sentiment indicate growing investor interest, but regulatory risks persist.

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$SOL

As Bitcoin's price nears its post-halving reaccumulation range, the market is buzzing with anticipation. Currently sitting above the critical $60,600 mark, Bitcoin's rally is fueled by an ongoing stock market surge, which has been supported by corporate share buybacks totaling $1.15 trillion. With growing interest in bullish options and increasing institutional confidence, Bitcoin appears poised for further gains.

However, uncertainty surrounding the upcoming U.S. 2024 elections introduces some caution among traders. Despite this, factors like short liquidations and positive ETF flows continue to drive Bitcoin's upward momentum. Major hedge funds are expanding their Bitcoin exposure, reflecting growing confidence in the cryptocurrency's future.

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$BTC

Cardano's price teetered at $0.3333, caught between a potential breakout and a continued downtrend. The RareEvo event had sparked excitement, showcasing Hydra’s ability to power a DOOM game with 1,663 transactions per second. Charles Hoskinson's $1 million bounty challenge only added to the buzz.

Traders were optimistic, with many betting on a price increase. If ADA could break through the $0.3380 resistance, it might surge to $0.36. The crypto community watched closely, anticipating Cardano’s next move.

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$ADA

Solana's Rebound

Solana’s price surged to $145 over a calm weekend, buoyed by Bitcoin's attempts to reclaim $60,000. The upward trend formed a bullish flag pattern, signaling potential for further gains.

Amid this rise, Solana co-founder Anatoly Yakovenko clarified misconceptions about the network’s capacity. Contrary to rumors, Solana’s blocks aren’t full; instead, high fees result from users prioritizing speed and exclusivity on the blockchain.

With technical indicators favoring a continued uptrend, Solana might break through $180, aiming for $200 or higher. However, failure to hold the $110 support could see prices drop to $80.

$SOL

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XRP's price is holding above the $0.55 support level despite investor uncertainty. Following a rejection at $0.64, the cryptocurrency faces challenges ahead. However, optimism remains due to potential approval of an XRP ETF and growing adoption of the XRP Ledger (XRPL).

The recent lawsuit between Ripple and the SEC ended with Ripple fined $125 million, but XRP was cleared of security status, boosting ETF approval chances. Additionally, Wells Fargo's acceptance of XRP for loan payments and the introduction of a cross-border payment system signal growing institutional adoption.

Despite these developments, the DeFi sector linked to XRP saw a sharp drop in Total Value Locked (TVL), which coincided with a price correction. Currently, XRP's price is gearing up for a potential breakout, with traders watching for key resistance levels at $0.6 and $0.64. However, a downside move to $0.52 or even $0.48 is possible if selling pressure increases.

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Ripple CEO Garlinghouse Labels US SEC 'Luddites'; Possible US Market Exit?

Ripple CEO Brad Garlinghouse criticized the US SEC, calling them "Luddites" due to their regulatory stance. His comments at Fortune Brainstorm Tech 2024 suggested Ripple might leave the U.S. market. Garlinghouse highlighted Ripple's challenges with U.S. regulations, which led to significant employee turnover when the government sued the company. Despite this, Ripple grew by expanding outside the U.S., with 95% of its customers and payment volume now abroad.

Garlinghouse criticized the U.S. for losing jobs and innovation due to regulatory issues, praising clearer regulations in Japan, the UAE, Singapore, and the EU. He also noted the partisan nature of U.S. crypto policy, contrasting Republicans' pro-crypto stance with some Democrats' opposition. Amid these issues, XRP prices have risen, trading above $0.58.

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Justin Sun Teases Buying Weibo

Tron Founder Justin Sun has hinted at the possibility of buying Weibo, a Chinese social media platform similar to Elon Musk's X. Known for his investments in viable startups, Sun has expressed interest in Weibo, which has an annual revenue of $300 million and a price-to-earnings ratio of 6.

Sun, who also acquired BitTorrent and serves as an advisor for HTX Exchange, sees potential in Weibo due to its high traffic and ability to incubate other businesses. This move resembles Elon Musk's acquisition of X. Although Sun's plans for Weibo are not confirmed, the news has stirred the crypto community.

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Altcoins to Sell Amid Dwindling Stablecoins Volume

A recent report shows stablecoins volume fell by 18% in June to a seven-month low of $970 million. This decline could indicate trouble in the crypto market, prompting investors to consider selling certain altcoins.

1. Slerf (SLERF)
Slerf, a meme coin on Solana, surged after a token burn incident. However, it dropped 86% from its peak of $1.3 to $0.186. Despite its liquidity, SLERF risks falling further if it dips below current support levels.

2. Arbitrum (ARB)
Arbitrum has been fluctuating between $0.6825 and $0.733, down from its all-time high of $2.40. Its Total Value Locked (TVL) is $2.829 billion. If bearish trends persist, ARB could drop to $0.67. Conversely, improved sentiment might push it above $0.70, potentially reaching $1.

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Bitcoin ETFs See $300M Inflows Amid Market Pressure

Bitcoin (BTC) exchange-traded funds (ETFs) saw nearly $300 million in net inflows on Monday, the highest since early June. BlackRock's IBIT led with $180 million, followed by Fidelity's FBTC and Grayscale's GBTC, which saw $25 million.

Despite selling pressure from the Mt. Gox repayments and German government actions, investors saw this as a buying opportunity. CoinShares reported $441 million in digital asset inflows. Traders expect July to be bullish, continuing a historical trend of a 9% medium return.

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Whales Propel Litecoin Recovery with Strategic Dip-Buying Surge

Litecoin (LTC) bounced back from its weekly support at $56.61, rising by 5% and trading at $62.20. On-chain data revealed that whales took advantage of the market downturn to accumulate LTC, suggesting a potential bullish momentum.

Promising Outlook

Trading within a falling wedge pattern, LTC faced rejection at $77.33 on July 3, dropping 19.43%. After retesting $56.61, LTC rebounded and now trades at $65.20. If support holds, LTC could rally 9% to $71.20. Indicators like RSI and AO must rise above neutral for sustained recovery.

Whale Activity

Santiment's data showed a shift: whales with 100,000-1 million LTC reduced holdings, while those with 1-10 million LTC increased, signaling strategic accumulation.

Risks

If LTC closes below $56.61, it might drop 16% to $47.60, invalidating the bullish outlook. The market remains cautious, with critical support levels crucial for sustained momentum.

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Ethereum, the popular cryptocurrency, is showing signs of recovery despite a slight dip of 0.3% on Monday. This comes as issuers of spot Ethereum ETFs file amended S-1 registration statements with the SEC following a July 8 deadline. Analysts are optimistic about the SEC approving these drafts soon, enabling trading to begin.

On-chain data reveals long-term holders are re-entering the market. For example, Golem moved 26,000 ETH worth $78 million to exchanges, while a whale transferred 7,240 ETH worth $21.4 million to Kraken.

Additionally, the Ethereum Foundation and ImmuneFi launched "Attackathon," a security audit competition with a $500,000 reward pool, to enhance Ethereum's security.

Technically, Ethereum has maintained support around $2,800 to $2,852, indicating strong buying demand and potential for future gains.

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Once upon a time, in the bustling digital realm of cryptocurrencies, there lived three prominent coins: Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Each of these coins had their unique strengths, but recently, they were facing a challenging period.

Bitcoin, the leader of the trio, encountered resistance at the formidable level of $58,375. This barrier proved too strong, causing Bitcoin to tumble to $54,900. Observers noted that if Bitcoin couldn't reclaim its higher ground, it might descend further to $52,266, and perhaps even to the perilous depth of $50,521.

Ethereum, known for its smart contract prowess, faced its own battles. After a brief rally, it was testing its support at $2,817 again. Failing to hold this level could see Ethereum slipping to $2,621, or worse, to $2,376. The once mighty Ethereum seemed on the brink of a significant downturn.

Ripple, the swift and nimble coin, was clinging to support at $0.413. If it fell below this line, it risked plummeting to $0.347. The air was thick with tension, as the market watched to see if Ripple could rebound or if it too would slide further into the abyss.

As the digital sun set on this troubled market, the fate of these coins remained uncertain, each poised at the edge of critical support levels. The crypto world held its breath, waiting to see if a new dawn would bring recovery or further decline.

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Bitcoin ETF Investors Bought the Dip

After a July 4 break, U.S. traders saw Bitcoin plummet over 10% to below $54,000 early Friday. Despite the plunge, U.S.-based spot Bitcoin ETFs recorded $143.1 million in net inflows, the highest in two weeks.

Leading the inflows was Fidelity's Wise Origin Bitcoin Fund with $117.4 million. Other ETFs like Bitwise, ARK/21 Shares, and VanEck also saw gains. Conversely, the Grayscale Bitcoin Trust continued to lose assets.

Bitcoin recovered modestly to $56,800 but remains 6% down from last week and 23% below its all-time high in March. The decline is linked to the return of 140,000 bitcoins from Mt. Gox and the potential sale of bitcoins by the German government.

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WIF and BONK Defy Market Trends Amid Crypto Downturn

On a turbulent Friday for the crypto market, Solana meme coins dogwifhat (WIF) and BONK emerged as unexpected winners. While the broader market faced significant declines, WIF surged by over 7% and BONK by 2%.

WIF's revival comes after a period of silence, with its price rebounding from a three-month low of $1.58 to gain 43% within a week. Meanwhile, BONK also saw a swift recovery, bouncing back 18% after a sharp decline, ending the day with a 3% gain.

Despite the overall bearish pressure, these gains for WIF and BONK highlight the resilience of Solana's top meme coins. However, with the market still reeling from the impact of Mt. Gox's BTC repayment program, the future remains uncertain for meme coins amid high volatility.

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