🔥 My Dear signal Follow traders..

Our signal is already COMPLETED 🚀

Entry price was:92-97$

The selling price was 102 but it already touched 102.5

Our max target is 140+

So if you again invest I'm not responsible for your loss

*Signals and new updates, please do like and comment to motivate me

NOTE: please don't forget to support me. Support me by like, follow, comment and [TIP]

#Trending #TRB. #sol #VANRY #BTC
$SOL $TRB $VANRY

Custodia Bank vs Fed: Former Solicitor General Paul Clement Joins Crypto Industry Fight 🚀🚨

Paul Clement Takes Custodia Bank vs Fed Fight Ahead
As said, in the recent Custodia Bank vs. Fed case, Paul Clement filed an Amicus brief on Wednesday, July 3, while supporting the crypto industry. Clement has gained popularity in his recent success in overturning the Chevron Defence in the Supreme Court case in the Supreme Court case involving Loper Bright fishermen.
In this ongoing legal fight, The Digital Chamber (TDC) and the Global Business Blockchain Council-USA (GBBC-USA) have expressed their significant interest and unique perspective. With extensive experience in the digital assets industry, the two organizations have argued that denying state-chartered banks a reliable path to participate in the national banking just because of the involvement with digital assets will threaten the growth and success of the trillion-dollar blockchain industry.

The two organization argue that upholding the lower court’s decision will give politically unaccountable federal officials and unchecked power to stiffle innovation thereby cutting off legitimate businesses from having crucial access to the global financial system.

The District Court stated that the “Federal Reserve Bank of Kansas City (“FRBKC”) has unreviewable discretion to denynonmember depository institutionsa master account”.

TDC and GBBC argued that despite following the legal boundaries, this court decision set dangerous precedence for any industry that might fall out with the Fed officials.

Paul Clement Raises Constitutional Concerns on Fed’s Structure
In the amicus brief, the former Solicitor General has raised some constitutional questions regarding the Fed’s structure. Clement states: “In sum, by affording Federal Reserve Bank presidents significant and largely unconstrained discretionary power, the district court’s decision raises serious constitutional questions under Article II.”

#Megadrop #CPIAlert #VanEck_SOL_ETFS #IntroToCopytrading

vppo🚀 Solana Ecosystem Coins Bagged The Highest Growth This Year! 🚀

More than half of the year has been over, and the crypto market had its share of surges and declines, but many cryptocurrencies exhibited gains, especially during March. No crypto trader would have forgotten the profits obtained during that bullish rally. More importantly, almost everyone will agree that the Solana ecosystem coins carried the best performance this year. Coins like dogwifhat, Popcat, BONK, and many others received huge popularity this year, offering one of the biggest profits and highest growth, pushing the entire Solana ecosystem to grow.

CoinmarktCap, the famous crypto tracking website, has recently released the CMC 2024 H1 report, highlighting the highest growth of the Solana ecosystem in terms of new tokens additions in Q2, where more than 20 tokens have been listening on the network because of its high demand in the market. The number is much higher for the year-to-date (YTD) as there are more than 147 listings till now.

#SolanaUSTD #IntroToCopytrading #BinanceTournament

$SOL $PEPE $BONK

Experts Weigh In Institutional Adoption Of BTC
Prominent crypto investor Anthony Pompliano also weighed in on the matter. In a post on X, he wrote, “Retail and institutional investors are convinced of the long-term resilience of Bitcoin, so they aggressively buy dips.” He emphasized that current drawdowns are smaller compared to historical patterns, underscoring the growing confidence among investors.

Further insights from Gabor Gurbacs, VanEck advisor, shed light on institutional activities. He noted that over-the-counter (OTC) desks accumulated Bitcoin during the recent market correction, using some of it as collateral. This indicates a shift from purely neutral trades to strategic accumulation. Australia Bitcoin ETF In Sync With Soaring Institutional Buying, BTC Rally Ahead?

Despite recent heavy outflows in the U.S. Spot Bitcoin ETF market, Australia’s Monochrome BTC ETF witnessed an influx on Tuesday, July 2. Moreover, the institutional buying of BTC has increased lately with further adoption of cryptocurrencies. Hence, market experts have also hinted at an impending Bitcoin rally.

Bitcoin ETF Statistics For U.S. & Australia
On Tuesday, Australia’s Monochrome Bitcoin ETF added 6 BTC. This contrasts sharply with the U.S. market, where Bitcoin ETF flows turned negative, with a net outflow of $13.7 million. Moreover, the Grayscale Bitcoin Trust (GBTC) alone saw an outflow of $32.4 million, indicating significant investor apprehension.

However, some U.S. ETFs, such as BlackRock and Fidelity, experienced positive inflows of $14.1 million and $5.4 million, respectively. This suggests that not all institutional investors are bearish. Meanwhile, the Bitcoin price fell from $63,000 to $60,500, now hovering around $60,900, reflecting the market’s nervousness amid the ongoing Mt. Gox $9 billion Bitcoin distribution and the German government’s daily small-scale sales.

Interestingly, while the U.S. Spot Bitcoin ETFs faced outflows last week, institutional buying of Bitcoin soared, with inflows reaching $738 million in June.
#ETFvsBTC

xrp
Ethereum, Bitcoin & XRP Lead $1.5B Crypto Scam Losses, What’s Happening?

The first half of 2024 has been marked by a surge in major hacks within the cryptocurrency space. Ethereum (ETH), Bitcoin (BTC), and XRP have led the crypto scam losses amounting more than $1.5 billion. This year, over 200 significant incidents have resulted in approximately $1.56 billion in losses.
Crypto Scam Losses Hit $1.5B
According to Peck Shield Alert data, only $319 million of lost crypto funds have been recovered. Moreover, the losses this year represent a staggering 293% increase compared to the same period in 2023, where losses amounted to $480 million.

Overview of crypto scams in 2024, Source: PeckShieldAlert | X
Furthermore, DeFi protocols have been the primary targets for hackers. They account for 59% of the total stolen value. Over 20 public chains experienced major hacks during this period. Moreover, Ethereum, Bitcoin, and XRP topped the list for the amount lost via crypto hacks.

In addition, Ethereum and BNB Chain were the most frequently targeted, each accounting for 31.3% of the total hacks. Meanwhile, Arbitrum followed with 12.5% of the attacks. One of the most significant incidents occurred on June 3, 2024.

DMM Bitcoin, a major Japanese cryptocurrency exchange, reported a substantial breach. The attackers stole 4,502.9 BTC, worth over $300 million at the time. This incident highlighted vulnerabilities within exchanges, especially those handling large volumes of digital assets.

Major XRP, ETH, BTC Hacks
A week after the DMM Bitcoin attack, on June 10, UwU Lend, a decentralized finance (DeFi) lending protocol, was compromised. The breach led to a loss of approximately $19.3 million in digital assets. This hack underscores the ongoing risks associated with DeFi platforms, which often operate with less regulatory oversight. The platform then offered $5 million reward for catching the hacker.

$BTC $ETH $XRP

Crypto Trader Bags $59M In PEPE, SHIB, ETH, & 5 Others Hinting Gains Inbound 🔥

Recent on-chain data sparks optimism for certain altcoin prices as a crypto trader, amidst the broader market’s bearish turn today, executed a potential buy-the-dip strategy. Despite Bitcoin and most crypto prices declining, the trader managed to accumulate $59 million worth of eight different coins, including ETH, PEPE, SHIB, RNDR, MATIC, LINK, AVAX, and GRT, hinting at potential gains ahead

Trader Bags $59M: A Look Into Token Holdings
According to the data revealed by EmberCN, an on-chain transaction tracker, the crypto trader with the address 0x4fdFE…was recorded as having been making the colossal purchases. Usual market sentiments convey a buy-the-dip strategy, as mentioned above.

Ethereum (ETH)
As per data by Arkham Intelligence, the abovementioned address bagged 9,425 ETH, worth $30.92 million, today. ETH price traded at $3,306, down 4.10% over the past day.

It’s worth noting that with odds tilting in favor of the launch of an ETH ETF ahead, the trader’s Ethereum accumulation has gained significant traction.

Pepe Coin (PEPE)
Simultaneously, on-chain data showed that the same trader accumulated 957.7 billion PEPE, worth $9.82 million, today. The crypto PEPE’s price tanked 7.45% from yesterday to rest at $0.00001043.

The significant price drop in Pepe coin, as also seen by a 17% crash over the week, might have urged the trader to enter the PEPE market. Besides, this accumulation hints at bolstered price movements ahead.

Shiba Inu (SHIB)
The trader also accumulated 583.7 billion SHIB, worth $9.63 million, amid a SHIB price drop. Shiba Inu traded at $0.00001658 today, a 3.15% fall over the past day.

Render (RDNR)
Meanwhile, the address sacked 438,700 RNDR, worth $3.13 million, per the data. This accumulation occurred as the RNDR price saw a pullback of 4.59% to $7.29.

Nancy Pelosi Snaps Up $7M Nvidia & Broadcom AI Stocks, Dumps Tesla Shares 🚨 🚀

Details of Pelosi’s Investments and Divestments
Pelosi’s recent financial disclosures reveal substantial investments in AI-related companies. She purchased 20 Broadcom call options with an $800 strike price, expiring on June 20, 2025. This investment is valued between $1 million and $5 million. Additionally, she bought 10,000 Nvidia shares, estimated at around $1.2 million.

Simultaneously, Pelosi reduced her holdings in other tech stocks. She sold 2,500 Tesla shares, valued between $250,001 and $500,000, and 2,000 Visa shares, worth between $500,001 and $1 million.
These moves indicate a strategic shift towards companies leading in AI technology. Both Broadcom and Nvidia are key players in the semiconductor industry, crucial for AI development. Despite no longer being House Speaker, Pelosi’s financial decisions continue to attract significant attention from investors and political analysts.
Market Context and Ethical Considerations
In the midst of this development, the acquired stocks have reflected notable growth. The live stock price of Broadcom Inc. today is $1,704.10 with a 24-hour trading volume of $4.48 Million. Stock price is up 2.75% in the last 24 hours. It has a daily rice range of $1,664.46 – $1,701.44.

On the other end, NVIDIA stock price has also made notable growth today as it trades at $124.57 with a 24-hour trading volume of $423.92 Million. Stock price is up 1.03% in the last 24 hours. It has a daily price range of $121.36 – $122.77.

#us

Kamala Harris Overtakes Biden In Prediction Markets, Has Trump’s Opponent Changed? 🚨

Kamala Harris Oversteps Biden In Betting Markets
On Predict It, Kamala Harris U.S. 2024 election winning bets surged to 22 cents while Biden’s dropped to 21 cents. Furthermore, Trump took the lead with a major gap as the bet was priced 59 cents on his win. Nevertheless, it could be too early to deem Harris as Trump’s ultimate opponent.

According to a new Reuters poll, President Biden is now neck-and-neck with his Republican challenger, Donald Trump, in the upcoming November election. This poll also reveals a shifting sentiment among Democrats, with approximately one-third believing Biden should consider stepping aside following a ‘ridiculous’ debate performance.

The debate in question has sparked internal discussions among Democrats. Moreover, some Biden loyalists are now questioning his viability for re-election in 2024. In addition, sources within the party indicate that Vice President Kamala Harris is emerging as the preferred candidate to step in should Biden decide to withdraw from the race.

Biden recently offered an explanation for his debate performance, admitting he “wasn’t very smart” for undertaking extensive travel before the event. “I didn’t listen to my staff… and then I almost fell asleep on stage,” he remarked during an event with Representative Don Beyer. “It’s not an excuse, but an explanation,” he added.

#TrumpCryptoSupport #US_Job_Market_Slowdown

🚀🚨 Beta Finance (BETA) is a permissionless asset market on the Ethereum blockchain that enables the provision, acquisition, and shorting of crypto assets. It strives to provide a scalable and accessible platform where tokens can be listed automatically and without permission, and users can short these tokens. Beta Finance provides three options to its users: providing assets, taking assets, and shorting. Users can provide their crypto assets to any market that exists on Beta Finance. Other users can take the opposite position, while short-sellers can use collateral to initiate short positions. Beta Finance follows an isolated collateral model to support volatile assets, meaning a collateralized position at risk of liquidation does not endanger another position. 🚀🔥

$BETA

CoinBlast: Innovative Cryptocurrency Bidding and Social Wealth Platform Unveiled 📌

In an age where financial technology is advancing at an unprecedented pace, CoinBlast emerges as a groundbreaking force, unveiling the world’s first and largest Cryptocurrency Bidding and Social Wealth Platform. With a unique blend of technology, competition, and business acumen, CoinBlast is set to redefine the landscape of cryptocurrency trading and wealth building.

Unraveling CoinBlast: A Multifaceted Platform

CoinBlast.com – A gateway to the most competitive cryptocurrency auctions and a revolutionary selling system, CoinBlast offers users the extraordinary opportunity to acquire cryptocurrencies at prices significantly below market rates. The platform not only facilitates the purchase of digital currencies through Smart Auctions but also allows users to actively engage in a vibrant social wealth network, continuously enhancing their financial portfolios.

Smart Auctions – As the cornerstone of CoinBlast, Smart Auctions present a thrilling auction experience where global participants can procure cryptocurrencies and other products at discounts up to 95%. This innovative auction model ensures a dynamic competitive environment, making the acquisition process both enjoyable and economically advantageous.

CoinShares – At the heart of CoinBlast’s revenue-sharing model lies CoinShares, a mechanism allowing users to acquire shares in the auctions. Participation in CoinShares results in a proportional increase in personal income, derived from the ongoing growth of CoinBlast’s comprehensive ecosystem. This model promises not just earnings, but a stake in the expanding future of cryptocurrency auctions.

#VanEck_SOL_ETFS #SOFR_Spike

$BTC $BNB

🚀 BONE Lands Major Listing In Canada After Shytoshi Kusama’s Announcement 🚀

Shiba Inu’s marketing lead Lucie has recently posted on X, revealing a key update for the BONE ShibaSwap token. Dated July 3, the post revealed that one of the leading Canadian exchanges, SuperEX, started BONE perpetual trading.
This mover has echoed optimism for the Shiba Inu ecosystem token throughout the crypto universe. Meanwhile, the listing also comes in tandem with Kusama’s post on X regarding the Blockchain Futurist Conference in Toronto, Canada, stirring speculations across the global crypto community.

BONE Perpetual Trading Starts
Notably, Shiba Inu’s Lucie reiterated another post from the SuperEX crypto exchange, spotlighting the BONE perpetual listing. According to the original post by the exchange, the BONE/USDT perpetual pair started trading today, July 4, at 03:00 UTC. The underlying asset is BONE ShibaSwap, aka Shibarium’s gas fee token or ShibaSwap’s governance token.

Meanwhile, the leverage offered on the asset is 1-10x in an effort to maximize user appeal. However, the exchange revealed that it might adjust the parameters from time to time, aiming to mitigate market risks.

Nonetheless, the announcement has gained significant traction across the crypto realm as BONE remains poised to witness a substantial influx, given the colossal Canadian crypto landscape. Also, it’s worth noting that the SuperEX crypto exchange’s X handle boasted nearly 350K followers, further underscoring its massive user base.

📣 Binance Announces Delisting Of Key Crypto Pairs, Brace For Market Impact 🚨📣

announced a significant change in its offerings. The platform plans to remove several crypto trading pairs, including those involving major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as lesser-known tokens such as AI, CHR, GAS, and LQTY. This unexpected move has caused concern among investors and traders, who are now speculating about how this decision might affect cryptocurrency prices and overall market sentiment.Details of the Delisting and Its Implications
Binance has provided specifics about the delisting process. The platform will be delisting spot traded pairs like AI/TUSD, BTC/AEUR, CHR/BNB, ETH/AEUR, GAS/FDUSD, and LQTY/FDUSD. Each contract has a set date for closure and automatic settlement. Binance has strongly advised traders to adjust their positions and leverage accordingly, warning that failure to do so could result in liquidation.

The exchange has also reserved the right to implement additional protective measures if market conditions become volatile. These measures could include changes to maximum leverage, position values, and funding rates. This announcement highlights Binance’s focus on risk management and market stability. However, it has also led to speculation about how these changes might impact the prices of the affected cryptocurrencies.

Historically, announcements from major centralized exchanges like Binance have had significant effects on market sentiment. Positive news tends to drive prices up, while negative developments can dampen investor enthusiasm. In this case, the delisting of trading pairs may create uncertainty in the market, prompting investors to reconsider their positions and trading strategies.

🚨 Crypto Airdrop: UXLINK Reveals Eligibility Criteria For Major Rewards 🎉

What Is UXLINK About?
UXLINK is an innovative social platform in the Web3 space, designed to promote widespread use by integrating social and decentralized apps (DApps) features. It works differently from conventional social media that focus on one-way, follower-based interactions. Thus, UXLINK emphasizes mutual snd friend-like connections. This design allows for immediate engagement via its UXGroup feature, establishing UXLINK as a leading user-centric platform.

According to UXLINK whitepaper, the platform’s primary goals are defined by three main components:

1. Social Hub: UXLINK aims to become the largest social network and infrastructure, focusing on genuine, two-way connections.

2. Access To All: Furthermore, the platform connects Web3 and Web2, enabling users and developers to discover, share, and trade crypto assets within a social, group-oriented environment.
3. Community Growth: in addition, UXLINK is dedicated to building an inclusive, trustworthy, and rewarding socio-economic community.

Tokenomics & Allocation
UXLINK has a capped token supply of 1,000,000,000 tokens, allocated strategically to maximize community involvement and project sustainability. The allocation is as follows:

1. Community: The platform has allocated 65% of the total supply to the community, which includes users who own UXLINK utility tokens and contributors to UXLINK projects and ecosystems. Moreover, within this allocation, users account for approximately 40%, while builders and partners make up 25%.

2. Private Sale: Meanwhile, 21.25%, allocated to partners of the project.

3. Team: 8.75%, reserved for co-founders and contracted employees.

4. Treasure: The platform reserves 5% UXLINK tokens for liquidity and project management.

Moreover, this structure allows for flexibility and adaptation as new partners join the project. UXLINK has committed to maintaining transparency in any changes to the allocation.

#airdairdrops #AirDropSeries

Crypto Market Selloff: Why Bitcoin, ETH, DOGE, SHIB Prices Are Falling Today?

Crypto Market Selloff: Why Bitcoin, ETH, DOGE,
The global crypto market cap fell nearly 3% today, sparking market discussions.
Major cryptos like BTC, ETH, BNB, DOGE, and SHIB, among others, have noted sharp declines.
The global crypto market witnessed a liquidation of over $123 million in the last 24 hours.
Crypto Market Selloff: The digital asset sector has noted a sharp decline today, with the overall market retreating nearly 3% today in the last 24 hours. Meanwhile, the recent slump in the major cryptos like Bitcoin, Ethereum, DOGE, BNB, LINK, and others, has sparked discussions in the market over the potential reasons.

This move might have once again weighed on the investors’ sentiment, who are still seeking clarity on the market momentum. The recent outflux after a five-day winning streak also indicates that the institutions are taking a pause before making further bets in the sector.

Friday Options Expiry
The Bitcoin ETF outflow has triggered volatility in BTC, potentially impacting the broader crypto market. Apart from that, the massive upcoming options expiry also seems to have impacted the risk-bet appetite of the investors.

Notably, the recent crypto market selloff could be primarily attributed to the upcoming expiration of significant BTC and ETH options. Data from Deribit reveals that BTC options with a notional value exceeding $1.04 billion and a put/call ratio of 0.80 are set to expire on Friday, July 5, with a maximum pain price of $63,000.

So, let’s take a look at the possible reasons that have fueled the recent crypto market selloff.

Potential Reasons Behind The Recent Crypto Market Selloff
A series of factors could have triggered the recent crypto market selloff today. Here we explore the top reasons that might have impacted the sentiment of the broader crypto market.

Bitcoin ETF Outflow Fuels Concern
The U.S. Spot Bitcoin ETF has reversed its track after noting inflows for five straight days through July 1.

Nycrypto Labs Raises $800K to Launch and Scale Tidus, the Crypto Everything App 📌

Nycrypto Labs, a blockchain development hub dedicated to simplifying the transition from Web2 to Web3, announced today that it has raised $800,000 in pre-seed funding. The round was led by DNA Fund, with participation from Michael Terpin’s Transform Ventures and a host of renowned angel investors. This funding milestone coincides with the launch of Nycrypto’s flagship product, Tidus Wallet – the only multi-chain wallet that enables lending, borrowing, and staking cross-chain without leaving the app.

As an intuitive, non-custodial wallet available for both desktop and mobile, Tidus Wallet extends blockchain and DeFi accessibility to millions who have been hesitant to explore Web3 due to its steep learning curve and perceived security risks. Available in both the iPhone and Android stores, Tidus features multi-chain compatibility, which can reduce potential risk for click fraud. Other features include decentralized security and privacy, educational resources, and native Dapp integrations, making Tidus a one-stop-shop for all of a user's DeFi needs.

“Three fundamental principles are vital for any crypto project: accessibility, decentralization and security,” said Nycrypto Labs and Tidus founder Dan Mulligan. “Many platforms only focus on one principle, like accessibility, at the expense of decentralization and security––and without decentralization security is often compromised. Tidus and TidusDAO blend these principles seamlessly while simultaneously rewarding users for using the product."

Tidus is poised to revolutionize the blockchain landscape as a multi-chain, non-custodial wallet, empowering users with unparalleled control and security over their digital assets. With a mobile-first approach, Tidus ensures that every function—from swapping to staking—can be performed with just a few clicks through an intuitive UI.Tidus also supports a wide array of blockchain networks, including Ethereum, Solana, Base, TON, Optimism, Arbitrum, Polygon, and Bitcoin.

🚀 Biggest Fed Net Liquidity rate-of-change spike in 15 months! 🚨

Last time this happened, #Bitcoin surged ~40% in just one week. 📈

Not assuming a repeat, but you love to see it! 😍💪

$BTC

AI-Crypto Startup Raises $85 Million in Deal Led by Thiel’s Fund 📣

Crypto venture capital funds Pantera Capital and Framework Ventures co-led the seed funding round alongside Founders Fund, according to a statement from Sentient Labs. The company didn’t disclose a valuation.

Singapore-based Sentient Labs is building an open-source platform through which developers can get paid for their contributions to emergent AI tools, such as chatbots and enterprise software. The fundraising comes ahead of the Sentient platform’s planned testnet launch, scheduled for the third quarter.

It is the latest in a flurry of eye-catching investments into early-stage AI outfits, which have multiplied in the wake of the debut of OpenAI’s ChatGPT. One recent example is French AI startup H, which raised $220 million in a seed round in May.

The proliferation of AI tools has also fanned a debate about whether tech giants like Microsoft Corp. — a major backer of OpenAI — along with Alphabet Inc.’s Google and Meta Platforms Inc. wield too much influence over technology that’s likely to shape the future.

Some crypto advocates argue that marrying the decentralized features of blockchains with AI can help mitigate the concentration of power — even if the details around how are still fuzzy.

“There’s a lot of anxiety around centralized forces running away with AI,” said Sandeep Nailwal, a co-founder of Sentient Labs, in an interview with Bloomberg News. Sentient aims to compete with those “centralized behemoths,” Nailwal said, adding that crypto “can completely disrupt the way AI will play out.”

The Sentient Labs raise ranks among the top 10 largest seed rounds by AI startups so far, according to Dealroom data.

Sentient Labs was set up earlier this year by a team comprised of Nailwal, who is also co-founder and executive chairman of Polygon Labs, alongside academics Pramod Viswanath and Himanshu Tyagi.

Sensys, a new AI venture studio led by Kenzi Wang, has also been established to support tools and companies in the Sentient ecosystem,

🚨 Standard Chartered: U.S. election could see bitcoin rally to $100,000 🚨

A new forecast from Standard Chartered says that the price of bitcoin could spike to a fresh all-time high next month, and that the world’s largest cryptocurrency could hit $100,000 by the time of the 2024 presidential election in November.

At the time of writing, bitcoin is hovering around $62,000, according to data from CoinGecko.

However, that’s likely to change, according to the multinational bank. “A fresh all-time for bitcoin in August is likely, then $100,000 by U.S. election day,” said Geoffrey Kendrick, Standard Chartered Bank's head of forex and digital assets research.

Last month, Kendrick forecast that bitcoin’s price at the end of the year would reach $150,000. By 2025, he expects that bitcoin’s price may climb to $200,000.

"Notably, a $150,000 price by end-2024 would see bitcoin join the $3 trillion club in terms of market cap, following [Nvidia’s] $3 trillion market cap,” Kendrick said.

Standard Chartered’s Kendrick also weighed in on how the U.S. presidential contest might impact bitcoin prices, predicting that President Joe Biden’s decision to continue his presidential candidacy would present "a fantastic buying opportunity” for bitcoin investors.

However, if Biden drops out, the price of bitcoin could drop to $50,000, he said. Kendrick also pointed out that “bitcoin prices will stay soft” if President Joe Biden is supplanted by alternative candidates like former First Lady Michelle Obama.

Given former president Donald Trump’s embrace of bitcoin, Kendrick added that "both regulation and mining would be looked at more favorably under Trump.”

Trump began accepting campaign donations in crypto in May in a bid to assemble a so-called "crypto army," assailing the Biden administration's more tepid stance toward digital assets.

BBeL2Elastos and BEVM Forge Bitcoin Native Peer-to-Peer Loans, Unlocking $1.3 Trillion in Dormant Value 🕹️

In a partnership aimed at revolutionizing the financial landscape, Elastos, the SmartWeb ecosystem provider, has joined forces with Layer 2 (L2) provider BEVM to develop a peer-to-peer Bitcoin-denominated loan offering based on Elastos' BeL2 protocol. This innovative collaboration seeks to unlock up to $1.3 trillion of dormant Layer 1 Bitcoin value, supported by data from Elastos' BIT (Bitcoin; Innovation & Trust) Index, which indicates that over two-thirds of tech-savvy U.S. consumers are comfortable using Bitcoin.

The partnership enables users to collateralize up to 80% of their assets in exchange for L2 credit, such as stablecoins, based on terms defined in Bitcoin-assured smart contracts. Elastos' BeL2 protocol ensures the integrity of the currency by employing a unique ZK-proof process, allowing transactions to be completed without bridging, wrapping, or interfering with the Bitcoin Layer. This approach maintains the currency's integrity and avoids network congestion and additional fees.
The BeL2 protocol perfectly reflects what BEVM is all about; developing and supporting EVM-compatible DApps which can run in the Ethereum ecosystem to operate on Bitcoin L2. The loan offering is the perfect illustration of how such services could revolutionize the finance sector," said Hakan Sezikli, Co-founder of the BEVM Foundation.

Elastos' BeL2 protocol, launched in December 2023, is a Layer 2 solution for Bitcoin, enabling functionalities such as staking and smart contracts to be denominated directly in the world's most popular digital currency. BEVM will collaborate with Elastos to deliver a Bitcoin Oracle to monitor and analyze all Bitcoin-based activity in real time. As the BeL2 protocol enables Bitcoin users to manage any relationship through the currency, the BTC Oracle will become a vital source of insight into how the currency is being used.

$BTC $ETH
#BeL2

📌 Ethereum DApp volume surges by 83%, but there could be a catch 💦

Ethereum network volumes have soared, but a single decentralized application accounted for 59.5% of the entire network’s volume.
The Ethereum network continues to lead in the adoption of decentralized applications (DApps) regarding volumes and deposits. Although competing chains like Solana and BNB Chain benefit from lower transaction fees, which boost metrics such as unique active addresses, nothing prevents well-funded entities from inflating Ethereum’s DApp volumes.

In fact, the recent surge in activity on the Ethereum network stands apart from broader cryptocurrency market trends and even contradicts other usage metrics. While it’s impossible to confirm any manipulation, one should be aware that even with a substantial $2.4 transaction fee, figures can be distorted, particularly in decentralized finance (DeFi) applications, where deposits can exceed $1 billion.

It’s noteworthy that Ethereum was the only network among the top 20 to report an increase in volume, marking an impressive 83% growth compared to the previous week. For perspective, similar protocols such as BNB Chain, Polygon, Solana and TON experienced an average volume decrease of over 30%. Moreover, Ethereum’s 475,980 addresses pale in comparison to BNB Chain’s 1.18 million and Solana’s 1.62 million.

Interestingly, the surge in Ethereum’s volume was not matched by an increase in user numbers. Using unique active addresses interacting with DApps as an indicator, Ethereum saw 8% fewer users compared to the previous week, which, while better than its competitors, is paradoxical given its significant volume increase.
#ETH_ETFs_Approval_Predictions #EFT