Cryptocurrency

Sentiment towards broader crypto markets also remained dour amid uncertainty over U.S. interest rates, with a recent drop in the dollar doing little to deter weakness in the sector.Bitcoin fell 4% in the past 24 hours to $60,339.1 by 08:20 ET (12:20 GMT). The world’s biggest cryptocurrency was nursing steep losses through June and remained squarely within a trading range established since March.Traders were largely on edge in anticipation of distributions by Mt Gox. Liquidators of the exchange signaled that they will begin returning Bitcoin stolen during a 2014 hack to clients by early-July.The exchange was seen mobilizing about $9 billion worth of Bitcoin earlier this year, although it remained unclear just how much the planned distributions will entail. Traders speculated that receivers of the tokens would be largely inclined to selling them, given that Bitcoin saw massive price gains over the past decade. Such a scenario presents extended selling pressure on Bitcoin.Speculation over dumping activities by other entities also weighed on Bitcoin. The German government was seen offloading Bitcoin recovered from a piracy website, while some whales were also seen mobilizing Bitcoin this week.But even before fears of Mt Gox began battering Bitcoin prices, sentiment towards crypto was seen largely cooling as the token remained rangebound for over three months.Capital flows data showed trading volumes of crypto exchange-traded funds, particularly Bitcoin, fell drastically in recent months. Broader crypto prices retreated, taking little support from an overnight decline in the dollar. World no. 2 token Ether dipped 4.5% to $3,296.01, with sentiment towards the token remaining weak even as reports suggest a spot Ether ETF could be approved by this week.XRP, SOL and ADA fell between 1% and 4.5%, while meme tokens DOGE and SHIB lost more than 4% each.Crypto saw little gains even as Federal Reserve Chair Jerome Powell flagged progress towards bringing down inflation, which weighed on the dollar. But Powell warned that the Fed still needed more confidence to begin cutting interest rates.His comments came ahead of more key cues on U.S. interest rates. The minutes of the Fed’s June meeting are due on Wednesday, while several Fed officials are also set to speak.Beyond the Fed, nonfarm payrolls data is due on Friday.Bitcoin’s price could reach a new all-time high in August, followed by a surge to $100,000 by the U.S. presidential election in November, Standard Chartered analysts said.In a Tuesday note, analysts highlighted that “a fresh all-time for bitcoin in August is likely, then $100,000 by U.S. election day.”The bank’s forecast depends on Joe Biden staying in the presidential race, a scenario perceived by the market as favoring a Donald Trump victory. Analysts consider Trump to be “bitcoin-positive” and highlighted a positive correlation between Trump’s electoral odds and the price of bitcoin.”The logic here is that both regulation and mining would be looked at more favorably under Trump,” they wrote.Standard Chartered also modeled a “least likely” scenario where Biden exits the presidential race in late July, which could lead to bitcoin prices falling to $50,000-$55,000. More

Bybit, the world’s second-largest web3 platform by trading volume, today announced the integration of three chains – SUI, ZKLink, and Scroll – into its web3 ecosystem. This integration empowers Bybit users to seamlessly switch between these chains within their Bybit Wallet extension, unlocking a wider range of DeFi applications and services.Key highlights:About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

INFI has announced the launch of its Initial Coin Offering (ICO), focusing on community-driven growth. INFI token holders will have the opportunity to participate in the ecosystem’s growth and stability.INFI eWallet is set to revolutionize payments by integrating traditional banking with blockchain technology. It emphasizes security with features like ‘one-click’ ID confirmation and a sophisticated encryption algorithm within the SbSe Protocol, ensuring each recipient receives a unique, random ‘mask’ address.Infi Ecosystem Foundations:Inverted Investment is transforming the cryptocurrency sector with the INFI MultiChain CDEX, a state-of-the-art digital trading platform regulated by the proprietary ©SbSe Protocol. It is an organization centered on INFI holders, who drive various innovative projects within the ecosystem. INFI serves as the internal currency that supports the entire framework, overseen by the ©SbSe Protocol. By introducing a new digital payment infrastructure rooted in the innovative WEB4 concept, Inverted Investment aims to revolutionize the financial sector. For more information, visit Inverted Investment.For more information on the INFI ICO, users can visit INFI MultiChain ICO.ContactKotokyCogyahello@cogya.com+1 786-305-3255This article was originally published on Chainwire More

Chibi Clash, a fantasy web3 gaming universe, has unveiled its Kingdoms Alliance Event, running from July 2nd to July 22nd, allowing players to compete for rewards. This event marks a collaborative effort among 21 partner projects within the Chibi Clash ecosystem, including AI Arena, Apeiron, Pixelmon, Pirate Nation, Shrapnel, The Beacon, Xterio, Yield Guild Games (YGG).The Kingdoms Alliance Event transforms the Chibi Clash Kingdoms map into a dynamic battleground. Participants pledge allegiance to one of the 21 partner projects, forming alliances to engage in a three-week competition across 2,496 strategic land plots. This AI-driven realm evolves with gameplay, where alliances vie for control through exploration and strategic influence. Players receive daily Action Points to explore land plots, with additional points awarded based on NFT holdings and achievements in the game.For more details on the Kingdoms Alliance Event, the forthcoming airdrop, and to join the competition, visit the official Chibi Clash Kingdoms page at https://chibi.gg/kingdom.About Chibi ClashAt the heart of the Chibi Clash gaming universe lies Chibi Kingdoms, a vast and vibrant on-chain world powered by the latest in generative AI technologies. Kingdoms is a beautiful gaming world with unique and dynamic terrains, buildings, monuments and other features that will serve as the foundation to a meta game with endless possibilities.Website | X | Telegram | Discord | YouTubeMedia KitsChibi Clash Media KitChibi Kingdoms – AlliancesContactCarman LamVP Marketingcarman@925.ggThis article was originally published on Chainwire More

DG Labs Ltd (DeFi.Gold) proudly announces the release of the public alpha version of its highly anticipated NFT marketplace, now featuring support for Ordinals. This significant milestone marks the beginning of a new era in digital asset trading and ownership.The public alpha release provides users with an early glimpse into the revolutionary decentralized marketplace designed to empower creators, collectors, and investors in the burgeoning NFT space. By supporting Ordinals, DG Labs Ltd ensures a seamless experience for users to tokenize, trade, and showcase unique digital assets with enhanced precision and versatility. The marketplace can be accessed at https://nft.defi.gold.DeFi.Gold is committed to continuous improvement and innovation. Following the public alpha release, the platform is set to integrate support for the Taproot Assets protocol by mid-August. By the end of August, DeFi.Gold plans to introduce support for RGB protocol-based NFTs.Taproot Assets and RGB both utilize new features in the Bitcoin protocol that enable the creation of cutting-edge smart contracts and tokens on the Bitcoin blockchain, including NFTs. These additions will make DeFi.Gold’s marketplace the first to comprehensively support all the major Web3 standards being developed on Bitcoin.The full marketplace is scheduled to go live on the mainnet by mid-September. This launch will include all the advanced features and improvements introduced during the public testing phases, ensuring a polished and powerful platform ready for widespread adoption.DeFi.Gold will also be launching a launchpad and a DEX this summer for fungible tokens on the Bitcoin blockchain based on the Taproot Assets, RGB, and Runes protocols.For more information users can contact:Mona CoyleEmail: info@defi.goldTwitter: @TeamDefiGoldAbout DeFi.GoldDeFi.Gold is revolutionizing the Bitcoin blockchain with its non-custodial decentralized exchange (DEX) and NFT marketplace. Built on Bitcoin’s L1 and Lightning Network, it offers enhanced scalability, efficiency, and advanced features. Supporting Taproot, RGB, and Rune-based tokens for its swap exchange, it enables the trading of various assets, including memecoins, utility tokens, DAO tokens, and stablecoins. Its NFT marketplace enhances liquidity for creators and collectors.The platform integrates with major Bitcoin web wallets and supports Lightning Network transactions for fast, low-cost operations. DGOLD, the governance token, empowers community-led decisions, driving innovation in decentralized finance on the Bitcoin blockchain.ContactMona CoyleDG Labs Ltd.info@defi.goldThis article was originally published on Chainwire More

SynFutures, the onchain perp protocol for listing and trading any asset, is now live on Coinbase (NASDAQ:COIN)’s L2 network Base. Users can now trade and provide liquidity on SynFutures V3 via Base while earning SynFutures’ Oyster Odyssey (O_O) points.Additionally, SynFutures will release a series of new listings over the next several weeks as part of Meme Perp Summer. a six-week campaign blitz to expand community asset listings and reward meme communities on Layer 2. SynFutures’ multichain expansion to Base comes as SynFutures V3 on Blast surpasses $100 billion in cumulative trading volume in less than four months, cementing it as the top perpetual DEX across all chains and one of the most active DeFi dApps in Web3. With its industry-leading Oyster AMM, which combines a concentrated liquidity model and an onchain orderbook, SynFutures aims to bring the ultimate onchain futures and perps experience for any asset to the Base ecosystem.Launch Partners and Meme Perp SummerSynFutures has teamed up with some of the top projects in the space, listing tokens from SocialFi giant Degen and Web3 gaming protocol Iskra, among others, to kick off Meme Perp Summer.Among the new asset pairs are: Listed LSD and LRT asset pairs include:Fee Promotion for Major Asset Pairs As part of Meme Perp Summer, SynFutures is launching a limited-time promotion across all networks on major pairs, such as the BTC and ETH pairs. Starting on July 1, 2024, SynFutures team is reducing the trading (taker) fee for major pairs from 3 basis points (bps) to just 2 bps.Additionally, to simplify the trading experience, all traders will enjoy the benefits of the highest-level VIP fee during this promotional period.Expansion of Oyster Odyssey Points SynFutures also reaffirms to Blast users that the O_O points gained during the Blast Season will not be diluted by the Base launch. The overall pool has been increased. Rewards distributed on Base will be separate from and in addition to those on Blast. About SynFuturesSynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and Permissionless Onchain Orderbook. Backed by top investors like Pantera, Polychain, Standard Crypto, Hashkey, and more, SynFutures has processed more than $100 billion in trading volume since its launch in 2021.Users can learn more by visiting: Website | YouTube | X | Discord | Telegram | GithubContactMark Leemark.lee@synfutures.comThis article was originally published on Chainwire More

Saylor tweeted: “Be Different,” using the Bitcoin symbol for the letter “B.”Michael Saylor remains a strong believer in Bitcoin and, like many other vocal BTC bulls, expects the biggest cryptocurrency to reach the whopping $1 million level in the near future.Since Monday, Bitcoin staged a small increase of almost 1.5%, reaching the $63,500 price tag. However, this short-lived rise was followed by a 1.67% drop. Now, Bitcoin is making another attempt to recover and is trading at $62,850 per coin.Martinez also revealed that over the past two days, Bitcoin miners have dumped another massive BTC amount, selling 2,300 BTC worth $145 million.Many market players continue to sell Bitcoin, keeping it at the current price level and preventing it from recovering its old highs so far. Among them are large entities, such as the German and U.S. governments, which have been selling both large Bitcoin and Ethereum stashes lately.This article was originally published on U.Today More

The poll, which seemed to be a casual inquiry, caught the eye of Michael Saylor, MicroStrategy cofounder and CEO who reacted to the survey with a heart emoji. Saylor would later post an epic response to the Dell CEO’s tweet.In a direct reply to Dell’s tweet, Saylor unequivocally stated, “Bitcoin is the most important thing.” This succinct declaration encapsulated his staunch belief in the transformative potential of Bitcoin as a store of value.Saylor’s statement serves as a rallying cry for greater adoption and recognition of Bitcoin’s role in reshaping global financial systems.According to Ali a crypto analyst, historically, when Bitcoin has had a negative June, it tends to bounce back strongly in July. BTC has shown an average return of 7.98% and a median return of 9.60% in July.U.S.-listed ETFs saw about $130 million in inflows on the first day of July, their highest level since early June, following more than $900 million in outflows in previous weeks.Going by its price action, one of the most important resistance levels for Bitcoin is $65,795. If Bitcoin can break through this level, the next major target is $78,700.Currently, Ali stated that Bitcoin appears trapped in a parallel channel with a lower barrier at $62,500; if this holds, BTC might bounce to $63,200 or $63,800.This article was originally published on U.Today More