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Updated April 22, 2024

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According to Foresight News, El Salvador currently holds more than 5800 BTC, equivalent to approximately 334 million USD.

From 2021 to May 2024, El Salvador successfully mined nearly 474 bitcoins using the geothermal energy provided by the Tecapa Volcano. Currently, out of the 102 megawatts of electricity generated by the country's geothermal power stations, 1.5 megawatts are used for bitcoin mining.

According to BlockBeats, on July 4th, market data indicated that the market share of USDT surged to 5.42%, marking a new high since May 1st of this year. This significant increase in market share demonstrates the growing influence of USDT in the cryptocurrency market. The data suggests a rising trend in the use and acceptance of USDT, which is likely to continue in the foreseeable future. The reasons behind this surge are not specified, but it could be attributed to a variety of factors including market dynamics, investor sentiment, and broader acceptance of digital currencies. Further details or analysis of the market data were not provided.

According to BlockBeats, the cryptocurrency market experienced a significant liquidation event on July 4th. Data from Coinglass reveals that in the past four hours, a total of $55.83 million was liquidated across the network. The majority of these liquidations were long positions, accounting for $52.93 million, while short positions made up the remaining $2.90 million. This event underscores the volatility inherent in the cryptocurrency market, with significant fluctuations in value occurring frequently. Investors are advised to exercise caution when trading in such a volatile market.

According to Odaily, Whales Market, a prominent digital asset trading platform, has announced the launch of DOP on its pre-market platform. The announcement was made on an unspecified date, marking a significant milestone in the platform's expansion. The addition of DOP to the pre-market platform is expected to enhance the diversity of digital assets available for trading, thereby providing more options for users. Further details about the launch, including its impact on the platform's user base and trading volume, were not provided in the announcement. The launch of DOP on Whales Market's pre-market platform is part of the platform's ongoing efforts to expand its offerings and cater to the diverse needs of its users. This development is expected to contribute to the growth and evolution of the digital asset trading landscape.

According to BlockBeats, the Orderly Network, a trading protocol within the NEAR ecosystem, has achieved a significant milestone. On July 4th, the total trade volume of the network surpassed $60 billion, reaching $61 billion. The protocol's Total Value Locked (TVL) currently stands at $42 million.

In addition to this, the protocol has accumulated net fee income of $6.3 million. This achievement marks a significant step in the growth and development of the NEAR ecosystem's Orderly Network. The network's impressive trade volume and TVL indicate a strong and active user base, contributing to the overall success of the NEAR ecosystem.

The Orderly Network's achievement is a testament to the growing popularity and adoption of blockchain technology and decentralized finance. It also highlights the potential of the NEAR ecosystem to facilitate significant trade volumes and generate substantial fee income. The network's success is a positive sign for the future growth and development of the NEAR ecosystem and the broader blockchain industry.

On Jul 04, 2024, 08:36 AM (UTC). According to Binance Market Data, Bitcoin (BTC) has dropped below 58,000 USDT and is now trading at 57,983.628906 USDT, with a narrowed 4.62% decrease in 24 hours.

According to PANews, the trading data for Hong Kong stocks on July 4th showed that the total trading volume of all Hong Kong virtual asset ETFs for the day was approximately HKD 94.85 million. The Huaxia Bitcoin ETF (3042.HK/9042.HK/83042.HK) recorded a trading volume of HKD 65.26 million, while the Huaxia Ethereum ETF (03046.HK/09046.HK/83046.HK) had a trading volume of HKD 4.6 million. The Jiashi Bitcoin ETF (03439.HK/09439.HK) had a trading volume of HKD 10.15 million, and the Jiashi Ethereum ETF (03179.HK/09179.HK) recorded a trading volume of HKD 5.34 million. The Boshi Bitcoin ETF (03008.HK/09008.HK) had a trading volume of HKD 4.09 million, and the Boshi Ethereum ETF (03009.HK/09009.HK) recorded a trading volume of HKD 5.39 million. It should be noted that all of the above-mentioned virtual asset ETFs have both Hong Kong dollar and US dollar counters, with only the two Huaxia ETFs also having a Renminbi counter.

According to Odaily, the Manta Foundation has announced a strategic allocation of its treasury's stable crypto assets to wUSDM. This is a yield-bearing stablecoin provided by Mountain Protocol, supported by BlackRock's BUIDL fund, and managed by Securitize. This move is aimed at enhancing financial security and stability within the Manta network ecosystem.

The strategic allocation of stable crypto assets to wUSDM by the Manta Foundation is a significant move. It not only diversifies the foundation's asset portfolio but also strengthens the financial stability of the Manta network. The wUSDM stablecoin, provided by Mountain Protocol, is a yield-bearing asset, which means it can generate returns over time.

The support from BlackRock's BUIDL fund and management by Securitize further adds credibility to this strategic allocation. BlackRock is a renowned global investment management corporation, and its BUIDL fund's support indicates a strong belief in the potential of wUSDM and the Manta network. On the other hand, Securitize, a leading platform for issuing and managing digital securities, ensures the proper management of these assets.

This strategic allocation is expected to enhance the financial security and stability within the Manta network ecosystem. It is a proactive step towards ensuring the sustainability and growth of the network in the long run. The Manta Foundation's decision to allocate its stable crypto assets to wUSDM is a testament to the growing recognition of the potential of stablecoins in the crypto market.

According to Odaily, the Nigerian government has announced plans to establish research centers in six geopolitical zones of the country. These centers will focus on key areas including the Internet of Things (IoT), blockchain technology, Unmanned Aerial Vehicles (UAVs), additive manufacturing, artificial intelligence, and robotics. The National Information Technology Development Agency (NITDA) is responsible for this initiative.

In addition to funding research, NITDA aims to support Nigerian startups in leveraging these emerging technologies to develop products. The agency plans to create an innovation sandbox to assist startups in developing use cases, establishing businesses, and bringing products to market. This move is part of the government's broader strategy to foster innovation and technological advancement in the country.

The establishment of these research centers is expected to provide a significant boost to the Nigerian tech ecosystem. It will not only promote research and development in emerging technologies but also provide a platform for startups to test and refine their products. This initiative underscores the Nigerian government's commitment to harnessing technology for national development and economic growth.

According to Foresight News, the Base ecosystem has seen a significant increase in its user base, with the total number of users exceeding 16 million. As per data from Dune, the total number of users as of July 2nd was 16,096,574. The ecosystem has been experiencing a steady growth, with an average of nearly 270,000 new users joining every week. This surge in user count indicates a growing interest in the Base ecosystem, which continues to expand its reach.

According to Odaily, Taran, the founder of the over-the-counter (OTC) trading platform STIX, has reported that since the launch of ENA, OTC sellers have shown interest in selling their locked ENA. The sellers are looking to sell at a valuation ranging from $2 billion to $3 billion, despite the fact that the fully diluted valuation (FDV) of ENA at the time was as high as $20 billion.

Taran suggests that a more reasonable selling price for the locked ENA at present would be a valuation of $1.5 billion to $2 billion, which represents approximately a 70% discount. This indicates that the sellers are willing to accept a significant markdown on their investment, potentially due to market conditions or other undisclosed factors.

This development could have implications for the broader cryptocurrency market, particularly for other digital assets that are also in a locked state. The willingness of these OTC sellers to accept a lower valuation could potentially set a precedent for similar transactions in the future.

According to BlockBeats, the Web3 game OUTA, developed by the NFT project Weirdo Ghost Gang, is set to launch on the TON network. The announcement was made on July 4th. The game, which is part of the emerging field of blockchain-based gaming, represents a significant step forward for the NFT project.

The launch of OUTA on the TON network is expected to enhance the gaming experience by leveraging the benefits of blockchain technology. This includes improved security, transparency, and the potential for players to earn real-world value through their in-game achievements.

The Weirdo Ghost Gang, known for their innovative approach to NFT projects, is the team behind the development of OUTA. The game's launch on the TON network is a testament to the growing influence of blockchain technology in the gaming industry.

Further details about the game and its features will be released closer to the launch date. The move is expected to attract a new audience to the TON network and further establish its position in the blockchain gaming space.

According to Odaily, renowned cryptocurrency trader Skew has noted that the BTC/USD trading pair has fallen below the 200-day moving average (MA) for the first time in ten months. Skew explained that the trend has been primarily driven by spot selling around $63,800 since the trend's rejection and reversal. Therefore, to make the HTF MA a real systemic trigger in the market, we need to see signs of market demand and reversal, otherwise volatility and momentum will accelerate downwards. At the time of writing, the 200-day moving average is at $58,400, slightly below the spot price after a bounce back in the lower time frame.

According to PANews, South Korean regulatory authorities are intensifying their scrutiny of local cryptocurrency exchanges, demanding the eradication of suspicious transactions. This move is part of the efforts to strengthen investor protection under the new digital asset law that will come into effect later this month. The country's Financial Supervisory Service (FSS) stated in a declaration on Thursday that it is establishing a system to monitor abnormal cryptocurrency trading activities. The FSS suggested that exchanges input data and information into this system to ensure compliance with the legislation effective from July 19. The statement highlighted that danger signals include trading volumes and prices exceeding normal ranges, excessively large trading volumes, and unusually slow execution speeds. One of the objectives of this measure is to identify accounts associated with 'suspicious' activities.

Matt Younghoon Mok, a senior foreign attorney and partner at Lee & Ko law firm in Seoul, stated that the guidelines of the Korean Financial Supervisory Institute could pose a significant challenge to altcoins that are unable to quickly meet regulatory requirements. Korean exchanges have begun reviewing the listing status of over 1,000 altcoins within the next six months to ensure their compliance with the 'Virtual Asset User Protection Act'. An industry body stated on Tuesday that the possibility of a 'massive' delisting of altcoins is not high, refuting the idea that the bill could quickly kill off some of the country's highly speculative token trading.

According to BlockBeats, on July 4th, data from Arkham revealed that a wallet tagged as 'German Government' transferred 13,475 Bitcoins to another wallet also tagged as 'German Government'. The transaction occurred 15 minutes prior to the report. Further details about the transaction or the reasons behind it were not provided.

According to Odaily, Cindy Leow, co-founder of Drift Protocol, recently announced that the largest ETH to SOL USDC bridge transaction has been conducted on deBridge and deposited into Drift. She further elaborated that a trader bridged over 4 million US dollars in USDC to Drift in a single transaction via Wintermute. This marks a significant milestone in the use of deBridge for large-scale transactions, demonstrating its potential for facilitating substantial cryptocurrency exchanges.

According to Odaily, Richard Galvin, co-founder of hedge fund Digital Asset Capital Management, has shared his insights on the recent downturn in the cryptocurrency market. Galvin suggests that one factor could be the potential replacement of President Biden by a stronger Democratic candidate who may not support cryptocurrencies. In the short term, he believes that the selling pressure from Mt.Gox and government addresses are larger reasons for Bitcoin's weakness.

Noelle Acheson, author of 'Crypto Is Macro Now', also commented on the situation, pointing out that Bitcoin continues to struggle with selling pressure from miners. However, she also noted that the sentiment in the cryptocurrency market could quickly change if weak US economic data prompts bets on the Federal Reserve easing monetary policy. The approval of an Ethereum spot ETF could also boost market sentiment.

The interpretation of US political developments could also change. Matt Hougan, Chief Investment Officer at Bitwise Asset Management, believes that a potential replacement of the Democratic candidate is 'more likely to be in a better position to solve crypto issues'. He stated that over the past year, the government's attitude towards digital assets has generally improved.

According to Odaily, Nintendo's President Shuntaro Furukawa recently confirmed that the company will not be using generative artificial intelligence (AI) technology in its games due to concerns over intellectual property. Furukawa made this statement during an investor Q&A session.

Despite the growing popularity of generative AI, the company currently has no plans to incorporate it into their upcoming games. Generative AI has been gaining attention for its innovative capabilities, but it also comes with issues related to intellectual property. This decision by Nintendo underscores the ongoing debate about the intersection of AI and intellectual property rights in the gaming industry.

According to Odaily, tech giant Opera is enhancing its mobile browser, Opera Mini, by integrating major stablecoins USDT and USDC into its cryptocurrency wallet. The wallet, known as MiniPay, is a self-hosted, stablecoin-based feature built into Opera Mini. It is launching a new function called 'Pockets' that allows for one-click exchanges between cUSD and the newly integrated stablecoins.

As per a statement released on July 3, the exchange of USDC, USDT, and cUSD will be facilitated through a drag-and-drop operation, promising low fees and no hidden costs. This upgrade is a significant step for Opera, as it continues to expand its cryptocurrency capabilities within its mobile browser platform.