Odaily reports that 8.6 million Michi tokens were just sold by a user for $0.1557 each. The user made $1.24 million in profit from the deal, which saw them get 1.34 million USDC. Lookonchain was in charge of monitoring this transaction. This incident demonstrates how profitable investing in cryptocurrencies can be. It's crucial to remember that the market is quite erratic and that investing should be done carefully.
#Michi

Solana began a new downtrend from the barrier level of $155. Despite SOL's 10% price decline, the bulls are currently defending the $132 support level.

The price of SOL began a sharp decrease vs the US dollar at the $155 barrier level.Right present, the price is trading below both the 100-hourly simple moving average and $145.On the hourly chart of the SOL/USD pair, there was a breach below a connecting bullish trend line that had support at $150 (data source from Kraken).The pair may reverse losses if the bulls are unable to hold the $132 support level

Polkadot Concerned About Treasury Runway, Spent $87M on Ecosystem Development in 2024
In the first half of this year, Polkadot has invested $87 million worth of DOT tokens in a variety of projects. Around $245 million worth of DOT is now held in Polkadot's treasury; community members predict that this amount will last for around two years at current pricing. Comparing the latest expenditure rise to the over $25 million spent in the second half of 2023, it is more than a 125% increase.

I hope my analysis made sense to you! As $BTC reached a new low and broke through the Break of Structure (BOS), it precisely rejected the Bearish OB. I continue to remain pessimistic, maybe seeing a decline to $55,000.

At $61–$62k, we anticipate the formation of a new OB, which will cause a minor pump before to the following leg down.

The minutes of the July 4th Federal Reserve meeting show, according to BlockBeats, that a sizable majority of participants think the rate of expansion of the US economy is progressively slowing down. There is a shift in economic expectations as evidenced by the significant percentage of meeting attendees who share this attitude. Though the reasons for this perspective are not explained in depth in the minutes, it is evident that most attendees of the conference believe that the U.S. economy is not expanding as quickly as it did in the past. Future economic decisions and policies may be significantly impacted by this.
It is crucial to remember that these opinions are those of the attendees at the Federal Reserve conference and may not accurately represent the status of the American economy as a whole. To validate this trend, further research and data will be required. That being said, it is significant that this viewpoint is being expressed at a Federal Reserve meeting and may signal a change in the outlook for the economy.

Riot has said that it has surpassed its Q2 objective and achieved a deployed hash rate of 22.0 EH/s in June 2024, marking a significant milestone in its Bitcoin mining activities. The business generated 255 Bitcoins, up 19% from May 2024 but down 45% from the previous year. As of the end of June, Riot had 9,334 Bitcoins, up 3% from the previous month and 29% from the previous year. Moreover, the business disclosed $6.2 million in power credits, which brought down electricity prices at all of its locations to 2.6 cents per kWh.

Riot's Corsicana Facility hit new operating benchmarks; phase one is anticipated to have 400 MW of mining capacity overall. By the end of 2024, the business hopes to achieve a total self-mining hash rate capability of 31 EH/s, and by 2025, it hopes to reach 41 EH/s.
Riot's power plan, which includes taking part in the Four Coincident Peak Program of ERCOT, has helped to significantly reduce transmission costs in the future. In addition, Riot is developing its infrastructure by continuing to construct additional structures and by assigning new miners in accordance with a long-term contract with MicroBT.

#btccash
BlockBeats reports that on July 3rd, the overall hashrate, or computing power, of the Bitcoin Cash (BCH) network increased by 188% in the morning, peaking at 9.21 EH/s, according on statistics from fork.lol. Furthermore, there was a commensurate rise in the hourly block generation of the BCH network. It started off producing 5 blocks per hour in the morning and reached a peak of 17.5 blocks per hour before reverting to 11.5 blocks per hour.
It's crucial to remember that the ways in which data is calculated could fluctuate slightly throughout browsers. For example, the average hashrate for the last day is presently 8.06 EH/s according to BTC.com. The noteworthy surge in the hashrate and block generation of the Bitcoin Cash network suggests high level and computer power of the network

Tom Lee thinks that before the end of 2024, the price of Bitcoin might soar by about 150%.

Mid-March 2024 saw the all-time high of Bitcoin (BTC) of nearly $73,000; by year's end, there are forecasts that it may reach $15,000.
If Bitcoin breaks over significant resistance levels, analysts predict a surge with objectives of $65,000 to $67,000 to be reached this month.#BTC☀

🚨🚨🚨#BTC☀
The German government has moved unexpectedly, sending 400 Bitcoin to Bitstamp, Coinbase, and Kraken, totaling around $25.28 million. More than 2,500 BTC have been sold in recent weeks, therefore this transaction fits within a bigger pattern.
Germany's Bitcoin assets are still worth $2.8 billion, including an astounding $961 million in unrealized profit, despite this large sell-off.
Although the market has been erratic, the price of Bitcoin has risen past $62,000 with amazing tenacity.
Watch this space for additional developments on this evolving tale!❗❗

Zodia Custody, a Standard Chartered Bank subsidiary, has reportedly established a collaboration with Metrika, a digital asset risk management platform, according to Foresight News. By streamlining operations and freeing up team members to concentrate on strategic goals, the partnership seeks to automate risk assessment and compliance procedures. The platform from Metrika is intended to automate compliance and risk assessment processes, which simplifies operations. Through this agreement, Zodia Custody will be able to increase their production and efficiency by concentrating more on key goals. Combining Metrika's cutting-edge risk management technologies with Zodia Custody's experience in bitcoin custody makes this alliance a big milestone for both businesses. This partnership should result in a notable enhancement to Zodia Custody's management of its operation

Zhen Fund has declared a gift to the open-source AI project vLLM, according to Odaily. According to the fund, the contribution is intended to encourage AI technology's broad adoption, which will benefit more people. A three-person team from the University of California, Berkeley is working on the vLLM project. It is an open-source framework for large model inference acceleration that works with different hardware architectures and supports more than thirty of the most recent open-source LLMs, such as Mistral and Llama.
The contribution from the Zhen Fund is a big step in the direction of making AI technology more accessible. The fund is guaranteeing that more individuals can benefit from these developments in AI technology by sponsoring the vLLM project in addition to helping to improve AI development. With support for many open-source LLMs and compatibility with a wide range of hardware architectures, the vLLM project is well-positioned to have a big influence on AI technology.
The Zhen Fund's action highlights the rising significance of open-source initiatives in the advancement of AI technologies. Organizations like the Zhen Fund are crucial in promoting innovation and accelerating the general use of AI technology by lending financial assistance to such initiatives.

And once more, we are well behind our scenario. Following the fictitious level takeout, we emerged ahead of schedule and are currently attempting to unite behind the subsequent level. Currently, there are two possible paths for the events to follow:

1. First choice. We will likely continue to rise from the present level and gain traction behind the level before testing it again. Since we are now purchasing, this is more likely given their ongoing markup of the asset.
Option number two. We proceed in the same manner as in the first scenario, but in contrast to the first, we do not retain this level and respond downward; instead, we will ascend after the retest of the lower level. This is a less likely, but still plausible, scenario.

👀I would also want to add that we should wait for the news right now since they have already begun to push it very hard and we anticipate seeing a capital flight from bitcoin to other currencies as a result of the news's expected release.
#BTC☀