Observations:
Another instance of the recent trend of blockchain hardware popping up. We recently saw Solana announce their mobile phone, Saga, same with an HTC Viverse phone, as well as the Polium gaming console. Now, Polygon is partnering with phone maker Nothing to bring Web3 tech to mobile users. Initially, the partnership will be an NFT membership club for people who helped crowdfund Nothing’s launch. Ultimately, the plan is to infuse the Android-based Nothing Phone with easy access to apps and games on Polygon’s platform, as well as payments and future features like Polygon ID. Blockchain centric phones have failed in the past, will this time be different?
Euro tanking being mentioned a lot. Here it is going back to the ‘70s.
Plus more. Bitcoin above 20k now. Is all the forced selling from the recent trouble over for now? Stay tuned, folks. In the meantime, the story continues to unfold.
- 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:
After pausing trading, withdrawals and deposits, crypto exchange Voyager Digital is filing for bankruptcy under Chapter 11. Owes from $1B to $10B in assets to more than 100,000 creditors - source
The liquidation level of the Celsius wBTC collateral dropped to $2,774 after they repaid $183M of its debt to Maker - source
Ethereum scaling solution Polygon has partnered with phone maker Nothing to bring Web3 tech to mobile users. Initially, the partnership will be an NFT membership club, with Polygon NFTs provided to people who helped crowdfund Nothing’s launch. Ultimately, the plan is to infuse the Android-based Nothing Phone with easy access to apps and games on Polygon’s platform, as well as payments and future features like Polygon ID - source
Circle’s EUROC Stablecoin Will Trade Only Within the US for now. “Circle will not directly solicit customers outside of the United States until it holds the relevant licenses in those jurisdictions” - source
Ethereum developers activate the merge on Sepolia testnet - source
Shiba Inu's lead dev announces SHI Stablecoin launch in 2022, new token - TREAT - source
Hackers duped a senior engineer at Axie Infinity into applying for a job at a fictitious company, resulting in the loss of $540M in crypto earlier this year in the Ronin Bridge hack - source
MakerDAO is voting on a proposal that will bring a traditional bank into its ecosystem for the first time, allowing the bank to borrow against its assets using DeFi. Currently 83% of voters are in favor of the proposal. Involves creating a vault with 100M DAI for Huntingdon Valley Bank (HVB) as part of a new collateral type - source
Two former crypto executives at Spartan Capital and DeFiance Capital, Jason Choi and Darryl Wang, have launched a Web3 Investment fund called 'Tangent' - source
Pennywise, a new strain of crypto-malware is being spread via YouTube, tricking users to download software that’s designed to steal data from 30 crypto wallets and crypto-browser extensions. Targets Zcash and Ethereum wallets alongside Electrum, Atomic Wallet and Coinomi, it takes your browser extension and login data and reads your chat logs - source
Introducing the Cardano EVM sidechain, a fully decentralized scalability solution deployed by IOG - source
Frontier Wallet integrates Coinbase Pay in its Android & iOS apps - source
Mainnet Chain Upgrade: Smart Contracts Live On Injective. Includes support for CosmWasm smart contracts, interchain accounts, binary options, negative maker fees and more - source
Porter Finance is shutting down its bond issuance platform. Not confident there will be large inflows of lending demand for fixed income DeFi products and no longer willing to take legal risks associated with bond issuance - source
Permissionless Smart Contract Deployment is live on Flow Blockchain - source
Korean crypto startup Uprise got liquidated trading LUNA futures and lost $20M in client funds, represents 99% of the funds custodied by clients on the platform. Billed itself as using artificial intelligence (AI)-enabled automatic trading strategies to trade crypto on behalf of its clients - source
Italian government will provide $46M in subsidies for blockchain projects - source
Binance Institutional is introducing Binance Fund Manager, which allows institutional clients who manage multiple funds or subsidiaries to aggregate their trading volume and BNB holding balance across multiple accounts for additional privileges - source
Core Scientific sold the majority of its bitcoin holdings in June — a total of 7,202 BTC for $167M. The company said that the money was used for equipment payments, capital investments in additional data center capacity and scheduled repayment of debt - source
Crypto exchange Bitstamp to charge inactive accounts a fee of 10 euros. Would impact customers with balances below $200 who have not traded, deposited, or staked on its platform in the last 12 months. The change comes amid a steep decline in cryptocurrency trading volumes - source
Virginia county Fairfax investing a portion of a $35M allotment into a cryptocurrency lending fund managed by global asset managers VanEck ,exploring the world of yield farming - source
Salary payments in USDT stablecoin ruled as illegal in the Chinese court - source
Trader Joe Introducing new Protocol: Liquidity Book - source
Coinbase Institute Research: Crypto Prices and Market Efficiency - source
NFTs/Metaverse:
Former Head of TikTok Gaming Launches New Startup Focused on Blockchain Games - source
Nike-owned RTFKT is giving commercial rights to CloneX NFT holders, which will allow owners to create derivative projects, mint fan art and make and sell merchandise featuring their avatar. Emulates that of other popular NFT collections such as Bored Ape Yacht Club - source
Edverse, the education metaverse startup has launched its pre-alpha version this week with its aim to revolutionize education through its first of its kind immersive, insightful and interactive platform - source
Ja Rule says funds from an upcoming NFT project will be used to support Historically Black Colleges and Universities (HBCUs) - source
NFT platform wars could be ahead. OpenSea, UniSwap, MagicEden, eBay, and others are acquiring NFT aggregation tools and taking a stand to gain market share of the evolving NFT ecosystem - source
Raises:
Bitmark Raises $5.6M, launches interoperable NFT Wallet. The wallet, named Autonomy, works in tandem with the company’s other product Feral File, a platform that allows users to create virtual exhibitions of their collections - source
Enjinstarter, a launchpad for Enjin and other metaverse and blockchain gaming projects, has raised $5M in total from True Global Ventures - source
qiibee, a blockchain-based B2B rewards marketplace, has raised a $4.8M seed funding round led by Z5 Capital - source
Crypto tax platform KoinX has raised $1.5M in seed funding from Polygon founder - source
Edverse $700,000 seed round - source
New Listings:
OpenLeverage (OLE) Gets Listed on KuCoin on July 7th - source
Data:
From: CoinGecko, DefiLlama, DappRadar, CryptoSlam, TokenTerminal, Nansen
Bitcoin: $20,211.73, up 3.7% (24H)
Ethereum: $1,141.45, up 3.6% (24H)
Crypto Market Cap: $945B, up 2.7% (24H)
Total Crypto Trading Volume: $88.7B
24H Highest Volume Coins: USDT, BTC, ETH, USDC, BUSD, SOL, BNB, XRP, MATIC, ATOM
24H Lowest Volume Coins: cUSDC, cETH, cDAI, XRD, GT, LEO, HBTC, USDN, 10SET, EVMOS
BTC Dominance: 41.11%
BTC Longs: 58.54%
BTC Shorts: 41.46%
Fear & Greed Index: 18, Extreme Fear
DefiLlama DeFi TVL Change: $75.81B, down 0.08 % (24H)
Token Terminal Total Revenue: (24H)
Ethereum: up 22.6% with $3.7M revenue
Uniswap: up 12.2% with $1.5M revenue
dYdX: up 245.5% with $1.3M revenue
Goldfinch: up 85,681,562.7% with $125.3k revenue
Nansen Smart Money Token Inflow and Outflows:
Inflow: YGG, REU, TOKE, TROVE, gOHM
Outflow: APE, D2D, SYN, IMX, BP
CryptoSlam Blockchains by NFT Sales Volume (24H):
Ethereum: up 12.29% with $12.56M in sales
Solana: up 13.8% with $1.79M in sales
DappRadar NFT Collection Rankings by Volume (24H):
BAYC: up 28.7% with $1.28M volume
ENS: down 35.77% with $1.21M volume
CopeBears: up 1568.58% with $532.83k volume
Murakami.Flowers: up 733.37% with $513.08k volume
DappRadar NFT Marketplaces Volume: (24H) *excludes washtrading*
OpenSea: up 21.83% with $14.79M volume
Magic Eden: up 15.67% with $2.27M volume
X2Y2: up 5.3% with $1.84M volume
LooksRare: up 4.88% with $1.23M volume
Nansen Hot NFT Contracts (24H):
ENS: 937 ETH volume
Otherdeed: 921 ETH volume
BAYC: 742 ETH volume
Nansen NFT Smart Buys (24H):
Good Minds: 9 Smart Buyers with 3.19 ETH volume
CopeBears: 7 Smart Buyers with 2.5 ETH volume
ENS: 5 Smart Buyers with 17 ETH volume
Dirt Birds: 5 Smart Buyers with 4.35 ETH volume
WizNFT: 4 Smart Buyers with 5.05 ETH volume
Nansen NFT Smart Sells (24H):
Dirt Birds: 29 Smart Sellers with 1.38 ETH volume
CopeBears: 20 Smart Sellers with 2.62 ETH volume
Good Minds: 11 Smart Sellers with 6.35 ETH volume
Nansen NFT Smart Mints (24H):
Good Minds: 22 Smart Minters with 9.83 ETH volume
Gridcraft Network Genesis Identities: 1 Smart Minters with 6.02 ETH volume
ImmortalPlayerCharacter: 60 Smart Minters with 4.12 ETH volume
Dirt Birds: 81 Smart Minters with .9365 ETH volume
Unlocks:
Gal, UMEE, SLC
Vestlab - Source
Coinowl - Source
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