Observations:
Celsius’ Bitcoin liquidation price drops to $4,966 as they repaid ~ $120M in debt. Still owes $82M to Maker - source
Polium launching a gaming console that will support multiple blockchains and NFTs. The “Polium One” console is slated for an initial Q3 2024 release and will support the Ethereum, Solana, Polygon, BNB Chain, ImmutableX, Harmony, EOS and WAX blockchains. Very interesting and curious which chains will survive to still be relevant in 2 years - source
DXY stronk. What happens when the dollar is strong?
Plus more. We’re seeing some interesting moves such as Nexo in the works to acquire rival Vauld, another lending platform, CoinLoan, limiting withdrawals, and $150M raised for a South African water token project. The players on the board are repositioning themselves. On a lighthearted note, Uber Eats and DoorDash will soon accept crypto payments for all the non-grass touchers and those who don’t cook
- Time moves differently in crypto. Crypto is an intricate game filled with various players operating across multiple time frames and with varying agendas. Day in, day out, the pieces are moving all across the board. Sometimes for the better and sometimes for the worse. Here’s a small glimpse of what has happened so far today in our little crypto bubble -
Crypto:
Celsius’ Bitcoin liquidation price at $4,966 as company repays $120M in debt. $120M to Maker, a combined $67M in debt to Aave and Compound on July 2. Still owes $82M to Maker, $100M to Compound, and $175M to Aave- source
Parity Technologies – the engineering firm behind the initial implementation of Polkadot – has added three new executives to its leadership team - source
CoinLoan, a European platform that offers crypto-backed loans, says it has temporarily reduced the withdrawal limit for lenders amid the current market turmoil. Stated that the issues affecting the likes of Celsius, Voyager, BlockFi, and Three Arrows Capital have triggered a wave of withdrawals on its platform - source
Current gap between ETH and stETH still represents a discrepancy of roughly 3% despite improving in regaining peg. At the height of its de-peg last month, stETH fell 6% - source
Cardano Vasil - The community will now have a period of four weeks following the testnet hard fork to allow SPOs, developers, and exchanges to test and upgrade before the Cardano mainnet hard fork - source
Bollywood A-lister-backed GARI token plunge sparks rug pull rumors. GARI token was launched by Salman Khan, an A-list celebrity from Bollywood, with an aim to help Indian creators monetize their content over a short video application Chingari. Early speculation kucoin might be the one dumping - source
Trading at 3 Indian exchanges plummets by 60% or more after a 30% income tax and a 1% tax per transaction on crypto trades became effective on July 1 - source
Tornado Cash governance rejects plan to diversify treasury holdings. The vote was to sell vested native tokens held in the Tornado Cash treasury for ETH. More than two-thirds of the voting power voted against the proposal - source
Russian citizens or residents will no longer be able to access BitMEX services from the European Union after July 11, 2022 - source
$500k community grant program to support builders and the Solana community - source
Uber Eats and DoorDash recently partnered with BitPay to facilitate crypto payments for food orders - source
Introducing ZigZag InvisibL3 — a privacy preserving DEX - source
DEX and NFT Aggregator on Juno live now - source
Trends and outlooks in the blockchain gaming industry - source
NFTs/Metaverse:
Otherside - There will be 2 load tests before the First Trip tech demo: one on 7/6 @ 12pm ET, and the other on 7/9 - source
Polium launching a gaming console that will support multiple blockchains and NFTs. The “Polium One” console is slated for an initial Q3 2024 release and will support the Ethereum, Solana, Polygon, BNB Chain, ImmutableX, Harmony, EOS and WAX blockchains - source
A patent filed by Nike Inc. on June 30 with the United States Patent and Trademark Office (USPTO) shows the fitness clothier is interested in a “video game integration” of NFTs - source
Chevy NFT auction that included a free Corvette Z06 attracts no bids, twice - source
Vincenzo Sospiri Racing (VSR), a GT racing team backed by Lamborghini's motorsport department, has announced its partnership with NFT platform Go2NFT to launch a program that certifies racing car parts - source
Hip-hop artist Chris Brown dropping his own NFT collection in conjunction with the release of his latest album, Breezy - source
Binance - 5th Anniversary NFT Mystery Box - source
June NFT data wrap: bear market seeps into the metaverse - source
Raises:
South Africa-based H20 Securities has reportedly raised $150M from the GEM Digital investment firm through the sale of a crypto water token, used to guide funding in water delivery infrastructure in areas that lack sufficient access to fresh water - source
Game Space, The First GaaS Platform, Has Raised $10M - source
Ultiverse has closed its $9.5M seed funding round led by Binance Labs - source
WonderFi Coinberry Acquisition - source
New Listings:
Binance Futures Will Launch BUSD-Margined SAND and LTC Perpetual Contracts with Up to 20X Leverage - source
Data:
From: CoinGecko, DefiLlama, DappRadar, CryptoSlam, TokenTerminal, Nansen
Bitcoin: $19,445.88, down 0.7% (24H)
Ethereum: $1,098.91, up 0.7% (24H)
Crypto Market Cap: $918B, down 0.7% (24H)
Total Crypto Trading Volume: $80.7B
24H Highest Volume Coins: USDT, BTC, ETH, USDC, BUSD, SOL, BNB, XRP, ADA, MATIC
24H Lowest Volume Coins: cUSDC, cETH, cDAI, XRD, HBTC, OMI, GT, EVMOS, LEO
BTC Dominance: 40.84%
BTC Longs: 56.77%
BTC Shorts: 43.23%
Fear & Greed Index: 19, Extreme Fear
DefiLlama DeFi TVL Change: $74.46B, up 1.14% (24H)
Token Terminal Total Revenue: (24H)
Ethereum: up 33.6% with $3M in revenue
Uniswap: up 58.7% with $1.4M in revenue
dYdX: up 47.7% with $367k in revenue
Synthetix: up 909.7% with $447k in revenue
Nansen Smart Money Token Inflow and Outflows:
Inflow: iETH, INU, BONE, DERC, IMX
Outflow: APE, ANGLE, ASTO, QUARTZ, SAITAMA
CryptoSlam Blockchains by NFT Sales Volume (24H):
Ethereum: up 7.41% with $11,120,333 in sales
Solana: down 3.56% with $1,542,364 in sales
DappRadar NFT Collection Rankings by Volume (24H):
Moonbirds: up 230.12% with $1.94M in volume
ENS: down 56.76% with $1.9M in volume
BAYC: down 18.02% with $852.17k in volume
DappRadar NFT Marketplaces Volume: (24H) *excludes washtrading*
OpenSea: up 0.306% with $16.03M in volume
X2Y2: down 19.1% with $1.73M in volume
Magic Eden: down 22.52% with $1.24M in volume
LooksRare: up 31.43% with $1.18M in volume
Nansen Hot NFT Contracts (24H):
Moonbirds: 1471 ETH volume
ENS: 1452 ETH volume
BAYC: 813 ETH volume
Nansen NFT Smart Buys (24H):
Jungleking: 8 Smart Buyers with 2.62 ETH volume
Project INO: 6 Smart Buyers with 4.64 ETH volume
ENS: 2 Smart Buyers with 5.92 ETH volume
Nansen NFT Smart Sells (24H):
Jungleking: 38 Smart Sellers with 3.92 ETH volume
SwarmGas: 34 Smart Sellers with .9461 ETH volume
CopeBears: 28 Smart Sellers with .6981 ETH volume
Nansen NFT Smart Mints (24H):
Pandies: 91 Smart Minters with .4132 ETH volume
SpaceBunnies: 81 Smart Minters with .2679 ETH volume
Moonapez: 76 Smart Minters with .1639 ETH volume
Unlocks:
UMEE,
Vestlab - Source
Coinowl - Source
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