According to CryptoPotato, Cardano (ADA) has experienced a 4% increase this week, with some analysts predicting a potential 70% surge due to a bullish pattern. Despite the global market capitalization dipping by 3.5% daily, currently standing at around $2.35 trillion, some assets like Cardano (ADA) have remained in the green on a seven-day scale.

Analyst Captain Faibik has confirmed ADA’s 'falling wedge breakout' after a long consolidation, suggesting a 70% rally could be on the horizon. This term refers to a bullish chart pattern that typically indicates a potential reversal in the price trend, characterized by two trendlines that converge downwards. A breakout usually occurs when the valuation crosses the upper trendline, which happened at the start of July.

Another analyst, XForceGlobal, also expressed optimism, predicting a 'massive shift' from the meme coin narrative into 'high-cap dino altcoins' in the coming months. This shift could lead to significant volatility for ADA’s price and a potential price explosion to almost $3 at the start of 2025.

Several important indicators suggest that Cardano’s native token could be poised for an uptick in the short run. The Relative Strength Index (RSI), which measures the speed and change of price movements, is currently at 51. The metric ranges from 0 to 100, with a ratio of over 70 signaling a possible correction.

In addition, ADA has earned a place in a prestigious ranking. According to the market intelligence platform Santiment, it is among the top 10 cryptocurrencies in terms of development frequency.

According to CryptoPotato, the meme coin DADDY has seen a 35% surge in its price following an announcement by Andrew Tate, a former kickboxer and popular online influencer. The coin is currently trading at around $0.15, with its market capitalization just shy of the $100 million mark. Tate urged DADDY holders to accumulate as many assets as possible in the next 72 hours, hinting at a 'grand plan' after that period. He has previously expressed support for DADDY in its competition with another meme coin, MOTHER, and promised to burn his stash of DADDY coins.

However, DADDY has been the subject of controversy, with crypto analytics firm Bubblemaps claiming that insiders purchased 30% of the supply at launch. The firm also stated that Tate received 40% of all DADDY tokens, currently worth over $35 million. Last month, Tate introduced his own meme coin, RNT, which has also seen an 8% increase in its value.

On the other hand, MOTHER, DADDY's rival coin announced by Australian model and rapper Iggy Azalea, has been underperforming, with its price down 14% on a daily scale and almost 50% in the last week. Ethereum’s co-founder Vitalik Buterin has criticized the celebrity involvement in the meme coin trend, expressing dissatisfaction with the current cycle of celebrity experimentation. He suggested that the downfall of MOTHER should serve as a reminder of the potential financial risks associated with the meme coin niche.

On Jul 03, 2024, 18:48 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,300 USDT and is now trading at 3,299.919922 USDT, with a narrowed 3.87% decrease in 24 hours.

According to BlockBeats, the Federal Reserve is currently awaiting 'more information' to gain confidence in a rate cut, as revealed in the minutes of a meeting held on July 4. The decision to cut rates is a significant one and requires careful consideration of various economic indicators and market conditions. The Federal Reserve is keen on ensuring that any decision made is backed by substantial data and evidence, hence the need for 'more information'. The minutes did not provide further details on what specific information the Federal Reserve is seeking. However, it is likely related to economic indicators such as inflation rates, employment figures, and GDP growth. The decision to cut rates can have significant implications on the economy, affecting everything from the cost of borrowing to the value of the dollar. Therefore, it is crucial that the Federal Reserve has a high level of confidence before making such a decision. This news indicates a cautious approach by the Federal Reserve, reflecting its commitment to maintaining economic stability.

According to BlockBeats, the minutes from a recent Federal Reserve meeting held on July 4th reveal that a significant majority believe that the growth of the U.S. economy is gradually slowing down. This perspective is shared by a large number of participants in the meeting, indicating a shift in economic expectations.

The minutes do not provide specific details about the reasons behind this belief, but it is clear that the majority of the meeting participants are of the opinion that the U.S. economy is not growing at the same pace as it was previously. This could potentially have significant implications for future economic policies and decisions.

It is important to note that these are the views of the participants in the Federal Reserve meeting and may not necessarily reflect the overall state of the U.S. economy. Further analysis and data will be needed to confirm this trend. However, the fact that such a perspective is being shared at a Federal Reserve meeting is noteworthy and could potentially indicate a shift in economic sentiment.

According to BlockBeats, Meme token BORPA experienced a sharp decline of over 90% on July 4th, with its current price standing at $0.006356. This drastic drop is attributed to the termination of its partnership with cross-chain DeFi protocol, Entangle.

Previously, BlockBeats reported that the Meme token project, BorpaToken, announced the end of its relationship with Entangle. In an effort to protect the interests of its community and achieve its goal of becoming a blue-chip meme coin, BorpaToken will take a snapshot and undergo migration. The termination of this partnership has had a significant impact on the value of BORPA, leading to its steep fall in price.

According to Odaily, the decentralized data platform, Space and Time (SxT), has announced its integration into the ZKsync Elastic Chain ecosystem on platform X. SxT serves as the ZK verification data layer within the ZKsync and Elastic Chain ecosystem. This integration allows other ZK chains to access data points, transactions, wallet balances, and smart contract events within the expanding ZK chain network without the need for trust.

The ZK chain network is continuously expanding, and the integration of SxT will provide a significant boost to its growth. The data points, transactions, wallet balances, and smart contract events in each Rollup of the ZK chain network can now be accessed by other ZK chains without any trust issues. This development is expected to enhance the efficiency and security of the ZK chain network.

The integration of SxT into the ZKsync Elastic Chain ecosystem marks a significant step forward in the development of decentralized data platforms. It is anticipated that this move will further strengthen the ZKsync Elastic Chain ecosystem and contribute to the overall growth of the decentralized data platform sector.

According to BlockBeats, on July 4th, Lookonchain reported that nine Bitcoin spot ETFs increased their holdings by 208 BTC, equivalent to approximately 12.5 million USD.

BlackRock's IBIT was among the ETFs that increased their holdings, adding 228 BTC to their portfolio. The current holdings of IBIT stand at 307,206 BTC, which is approximately 18.5 billion USD.

On the other hand, Grayscale reduced its holdings by 11 BTC, equivalent to about 678,000 USD. Despite this reduction, Grayscale still holds a substantial amount of Bitcoin, with its current holdings standing at 275,260 BTC, approximately 16.5 billion USD.

According to Odaily, the dYdX Foundation has released its mid-year ecosystem report for 2024. The report highlights key data including a trading volume of 166 billion USD, payments of 32 million USD to Stakers and validators, approval of 62 governance proposals, and the launch of iOS and Android applications.

The report indicates a significant trading volume, reaching 166 billion USD in the first half of 2024. This figure represents the total amount of transactions processed by the dYdX platform during this period.

In addition to the impressive trading volume, the dYdX Foundation has also paid out 32 million USD to Stakers and validators. These payments are part of the platform's reward system for those who contribute to the security and operation of the network.

The dYdX Foundation has also seen progress in its governance structure, with 62 proposals being approved in the first half of 2024. These proposals are aimed at improving the platform's functionality and user experience.

Furthermore, the dYdX Foundation has expanded its reach by launching applications for iOS and Android. These applications aim to provide users with a more convenient and accessible platform for trading and managing their digital assets.

According to Odaily, US-based Bitcoin mining company Riot Platforms has reportedly increased its mining hashrate by 50% within a month. This significant increase in the company's mining power demonstrates its commitment to enhancing its operational efficiency and productivity in the competitive Bitcoin mining industry.

Riot Platforms' decision to boost its mining hashrate is a strategic move aimed at maximizing its Bitcoin production. The company's increased mining power will likely result in a higher yield of Bitcoin, thereby potentially increasing its market share and profitability.

This development is a clear indication of Riot Platforms' dedication to strengthening its position in the Bitcoin mining sector. It also underscores the company's confidence in the long-term value and potential of Bitcoin, despite the volatile nature of the cryptocurrency market.

According to Foresight News, CryptoRank has released rankings for the second quarter of 2024, listing the top 10 blockchains based on Total Value Locked (TVL) growth. The list is led by zkLink Nova with a staggering growth of 35840%, followed by Scroll at 1264%.

The third position is held by DeFiChain EVM, which saw an increase of 813%, while Merlin Chain came in fourth with a growth of 690%. CORE and Linea secured the fifth and sixth positions with growth rates of 646% and 533% respectively.

The seventh to tenth positions were occupied by Sei, Immutable, Ton, and Bahamut, which grew by 407%, 395%, 322%, and 300% respectively. These figures highlight the rapid growth and development in the blockchain sector.

According to Foresight News, Bitcoin has made a significant recovery, breaking through the 60000 USDT mark. The current price stands at 60114 USDT. The 24-hour drop has narrowed down to 3.3%. This surge indicates a positive momentum for the cryptocurrency, which has been experiencing fluctuations in recent times.

According to PANews, the Basel Committee has given its approval for a risk disclosure framework and capital standards for bank cryptocurrency assets. This decision was reported by Jinshi. The market news indicates that the committee's approval will set a new standard for banks dealing with cryptocurrency assets. This move is seen as a significant step towards the integration of cryptocurrencies into the mainstream financial system. The risk disclosure framework and capital standards will provide a guideline for banks to manage the potential risks associated with cryptocurrency assets. The Basel Committee's decision is expected to bring more transparency and stability to the cryptocurrency market.

According to Odaily, Andrei Grachev, a partner at DWF Labs, has hinted at some developments brewing within the company. Speaking on platform X, Grachev indicated that there are things in the works that are yet to be confirmed. He urged the public to stay tuned for updates that are expected to be released tomorrow. Further details were not provided, leaving the nature of these developments a mystery for now. The anticipation builds as the tech community awaits the announcement from DWF Labs, a company known for its innovative solutions. The upcoming developments could potentially impact the company's direction and future projects. As the tech world eagerly awaits the news, it remains to be seen what DWF Labs has in store.

According to BlockBeats, Bitcoin expansion protocol QED has announced the acquisition of seed funding valued in nine figures. The funding, amounting to $6 million, was provided by Blockchain Capital on July 3rd.

The significant investment underscores the growing interest and confidence in the potential of Bitcoin expansion protocols. QED's successful funding round is a testament to the increasing recognition of the role of such protocols in enhancing the scalability and functionality of Bitcoin.

The funding will likely be used to further develop and refine the QED protocol, although specific plans for the funds have not been disclosed. This investment by Blockchain Capital represents a significant endorsement of QED and its potential to contribute to the evolution of Bitcoin.

This news comes amid a broader trend of increased investment in Bitcoin and related technologies, reflecting the growing mainstream acceptance of cryptocurrencies. The successful funding round for QED is a clear indication of this trend, demonstrating the willingness of investors to back innovative solutions in the cryptocurrency space.

According to Odaily, Nick Timiraos, a Wall Street Journal reporter known as the 'Fed's mouthpiece', recently wrote that Federal Reserve Chairman Powell has brought the possibility of interest rate cuts back into focus. Powell's speech highlighted a cautious optimism, a sentiment that had faded after disappointing inflation data was released in April. He stated that the economy has made 'significant progress', 'real progress', and 'quite a lot of progress' in achieving stable growth while reducing inflation. However, his cautious attitude towards interest rate cuts suggests that the likelihood of a rate cut at the Fed's meeting later this month is still small. In addition, Powell declined to reveal whether he is preparing for a rate cut in September. He said, 'I will not confirm any specific dates here today.' This statement leaves the future of interest rate cuts uncertain, keeping investors and economists on their toes as they anticipate the Fed's next move. The potential for rate cuts could have significant implications for the U.S. economy, affecting everything from the strength of the dollar to the cost of borrowing. As such, Powell's comments will be closely watched in the coming months.

According to BlockBeats, a recent live AMA event titled 'How to Maintain Steady Returns in a Volatile Market' was hosted by 4E Space. The event saw several industry experts discussing hot topics around cryptocurrency investment. The experts not only shared insights into the unique appeal and potential opportunities of the crypto investment market but also provided valuable market insights and investment strategies.

During the live event, the guests delved into the future trends of cryptocurrency investment. Liquidity yield farming protocols were highlighted due to their ability to satisfy various income scenarios such as fixed income, liquidity mining, and direct investment. The guests shared diverse viewpoints, showcasing the diversified development direction of the crypto investment market and providing forward-looking support for different types of investment products.

Addressing the high-risk nature of the cryptocurrency investment market, the guests unanimously agreed that effective risk management is key to achieving steady returns. They dissected potential challenges in the crypto investment field, from market risk, counterparty risk to technical risk, and regulatory risk, and shared their experiences on how their platforms balance high returns with low risks in product design. These valuable insights provide important references for audiences when choosing investment products.

When discussing cryptocurrency investment strategies, the guests emphasized the importance of asset allocation, keeping a close eye on market dynamics, learning market knowledge, and adjusting strategies flexibly. They advised against investing all funds into a single product, instead suggesting diversifying funds into different types of investments to reduce overall risk.

As a highlight of the live event, 4E's newly launched current investment, fixed-term investment, and quantitative investment products received widespread attention. The guests from 4E Investment detailed the applicable scenarios of these products, indicating that 4E's current investment product offers a flexible asset management method with its 'deposit and withdraw at any time' feature. The fixed-term investment product requires depositing crypto assets for a fixed period, with longer terms yielding higher interest. It supports deposits at any time, and principal and interest are paid together at maturity, suitable for investors willing to lock in funds for higher returns. 4E's quantitative investment product is based on mathematical models and algorithm-driven investment strategies. Compared to current and fixed-term investments, quantitative investment yields higher returns, hence its shares are easily sold out. Investors need to pay close attention to platform dynamics to subscribe in time.

In conclusion, the AMA live event not only showcased 4E's foresight and innovation in the field of cryptocurrency investment but also provided users with rich market insights and investment strategies through in-depth discussions by industry experts. Facing the complexity and variability of the cryptocurrency market, 4E is committed to providing investors with diversified, high-yield, and risk-controllable investment products. In the future, 4E will continue to uphold the principles of innovation and stability, helping more users achieve stable asset appreciation in a volatile market environment.

According to Cointelegraph: Corporations are increasingly adopting Bitcoin as a treasury asset, with notable companies like MicroStrategy, Tesla, and Coinbase leading the charge. Over the past few years, both private and publicly traded companies have started incorporating Bitcoin into their balance sheets, recognizing its long-term potential and contrasting it with the declining value of the U.S. dollar.

Main Takeaways:

1. Corporate Adoption:
  - MicroStrategy: Known for its significant Bitcoin holdings, MicroStrategy has accumulated over 1% of the total Bitcoin supply, holding 226,331 BTC at the time of writing.
  - Other Companies: Besides MicroStrategy, companies like Coinbase, CleanSpark, Riot Platforms, Hut 8, Tesla, Semler Scientific, Mercado Livre, Meitu, and DeFi Technologies have also added Bitcoin to their treasuries.

2. Total Holdings:
  - Combined Holdings: Private and public companies collectively hold 812,929 BTC, which is approximately 3.87% of Bitcoin’s total supply, according to BitcoinTreasuries data.

3. Motivations for Adoption:
  - Inflation Hedge: Bitcoin is seen as a hedge against inflation and monetary debasement, offering a predictable monetary policy with its 21 million supply cap.
  - Long-Term Potential: Companies view Bitcoin as an appreciating store of value, contrasting with the slow, steady decline of the U.S. dollar.

4. Market Impact:
  - Positive Perception: The impact of companies holding Bitcoin has been widely seen as positive, with motivations rooted in Bitcoin’s long-term potential and its low correlation with traditional asset classes.

Detailed Analysis:

Corporate Adoption Trends:
- MicroStrategy's Influence: MicroStrategy’s massive Bitcoin holdings have made it a prominent player in the industry, often overshadowing other corporate Bitcoin holders.
- Diverse Adopters: Companies from various sectors, including cryptocurrency exchanges, Bitcoin miners, electric car manufacturers, medical manufacturers, e-commerce giants, and tech firms, have adopted Bitcoin as a treasury asset.

Market Dynamics:
- Spot Bitcoin ETFs: The rise of spot Bitcoin exchange-traded funds (ETFs) in the United States has made it easier for corporations to gain exposure to Bitcoin, further driving adoption.
- Inflation Concerns: The U.S. Federal Reserve’s aim to keep inflation at 2% per year has not always played out, with inflation hitting 9.1% in 2022. This volatility has prompted corporations to seek more stable assets like Bitcoin.

Expert Insights:
- Binance Spokesperson: Highlighted Bitcoin’s low correlation with traditional asset classes, making it attractive to institutional investors as a hedge against market volatility.
- Bill Zielke (BitPay): Emphasized Bitcoin’s long-term vision as an appreciating store of value and hedge against inflation.
- Curtis Schlaufman (DeFi Technologies): Stated that Bitcoin’s role as a hedge against inflation and monetary debasement influenced their decision to adopt it as a primary treasury reserve asset.

Managing Bitcoin’s Volatility:

Challenges:
- Price Fluctuations: Bitcoin’s significant price swings can be startling for business investors accustomed to more stable asset classes.
- Risk Management: Companies need to educate employees and stakeholders about Bitcoin and manage the risks associated with its volatility.

Future Outlook:

Potential for Broader Adoption:
- Other Cryptocurrencies: While Bitcoin is currently the primary choice for treasury reserves, other cryptocurrencies like Ethereum, with its smart contract capabilities, could also be considered.
- Stablecoins: Stablecoins offer a fast, low-cost option for cross-border payments and employee compensation, providing a less volatile alternative to Bitcoin.

Institutional Influence:
- Retail vs. Corporate Holders: The growing corporate adoption of Bitcoin may place certain digital assets out of reach for retail participants, potentially altering the industry’s egalitarian ethos.
- Mainstream Integration: The trend towards corporate and institutional adoption could accelerate the integration of digital assets into the broader financial ecosystem, influencing investment strategies, payment systems, and financial regulations.

Corporations are adding Bitcoin to their balance sheets due to the looming uncertainty of future inflation and monetary policy. While Bitcoin’s volatility presents challenges, its long-term potential has swayed some companies to adopt it as a treasury asset. The growing corporate adoption of Bitcoin further legitimizes the crypto asset class and may profoundly alter the industry. As more companies recognize Bitcoin’s potential, the trend of corporate adoption is likely to continue, shaping the future of finance.

According to Odaily, ZetaChain has announced that the number of registered users on its XP platform has exceeded one million. The company also revealed that the total number of its partners in June surpassed 260. These partnerships span across various sectors including infrastructure, SocialFi, GameFi, DeFi, and analytics.

ZetaChain's growth in user base and partnerships signifies its expanding influence in the digital space. The company's partnerships are diverse, encompassing different sectors of the digital economy. This diversity is a testament to ZetaChain's commitment to providing comprehensive solutions to its users.

The announcement of over one million registered users on the XP platform is a significant milestone for ZetaChain. It demonstrates the platform's growing popularity and the trust users have in its services. The company's success in forging over 260 partnerships further underscores its commitment to collaboration and innovation in the digital space.

According to Odaily, the Bitcoin network protocol RORO, also known as Rolls Royce, has officially been launched. The protocol is dedicated to the development of the SRC-20 inscription ecosystem. The officials have reported an increasing trend in the number of users, indicating a high level of community activity.

The launch of RORO marks a significant step in the evolution of the Bitcoin network. The protocol aims to enhance the SRC-20 inscription ecosystem, a crucial component of the broader cryptocurrency landscape. The SRC-20 inscription is a standard used in the creation and issuance of digital assets on various blockchain platforms.

The officials have noted a positive response from the community following the launch of RORO. The number of users has been on the rise, suggesting a growing interest in the new protocol. This increase in user numbers also points to a high level of community activity, a key indicator of the protocol's potential success.

The launch of RORO and its focus on the SRC-20 inscription ecosystem is expected to bring about significant changes in the Bitcoin network. However, the full impact of these changes will only become apparent as the protocol continues to be adopted and utilized by the community.