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Immutable shuts NFT marketplace, why Web3 gaming needs its own Steam: Nifty Newsletter

Immutable has wound down its NFT marketplace to allow marketplaces within its ecosystem to flourish.

Bitcoin falls under $60K as investors' global economic slowdown concerns rise

Fear of a global economic recession continues to drive investors away from risk-on assets like Bitcoin.

US Senate Majority Leader to speak at crypto event for Kamala Harris

Senator Chuck Schumer and 10 Democratic senators sided with Republicans to pass a resolution overturning an SEC rule on banks holding crypto, later vetoed by President Biden.

US government moves 10,000 Bitcoin

The United States government is currently the largest geopolitical holder of Bitcoin, with 203,000 BTC under the control of the US.

MetaMask launches pilot self-custody debit card with Mastercard

More than 1 billion individuals remain unbanked or lack adequate access to banking services, according to 2022 data from the World Bank.

Low CPI print is fodder for Bitcoin to retest all-time highs — Grayscale research head

Bitcoin’s response to the CPI report was surprisingly muted.

Harris campaign is making a ‘concerted effort’ on crypto — Circle CEO

Jeremy Allaire discussed his impressions of Harris campaign representatives on crypto after attending a video call with industry leaders, White House officials, and US lawmakers.

AI may already use more power than Bitcoin — and it threatens Bitcoin mining

AI may already consume more power than Bitcoin mining, and its deep pockets mean miners face stiff competition for equipment and electricity.

BTC price suddenly drops 5% as Bitcoin rejects low CPI print

Bitcoin shrugs off notionally good news on US inflation with a BTC price plunge below $59,000.

TON, Pyth team up for real-time DeFi data

TON and Pyth’s collaboration brings institutional-grade real-time price feeds to TON developers, enhancing DeFi innovation.

Crypto could get boost from younger, tech-savvy Harris administration 

A Harris administration could be younger and more pragmatic and bring “a fresh perspective toward crypto,” some believe.

Top 100 DeFi Hacks: Offchain attack vectors account for 57% of losses

Despite the falling number of smart contract exploits, hackers could surpass the previous year in terms of total value stolen.

Memecoin casino: $100 bet on Pump.fun has worse odds than roulette

Traders are disillusioned with the ultra slim chances of picking a memecoin winner.

Sahara AI secures $43M to develop collaborative, decentralized AI platform

Sahara AI’s funding round was led by Pantera Capital, Binance Labs and Polychain Capital, with participation from Samsung and Matrix Partners, among other investors.

Revolut and Ledger wallet enable new crypto rails in EEA

Ledger, a major hardware wallet company, has partnered with Revolut to enable crypto trading on its self-custodial wallets in certain EEA countries.

Brazil poised to launch world’s first spot Solana ETF ahead of global markets

According to IBM’s former blockchain growth lead, a potential Solana ETF approval in the US could act as a significant price catalyst for SOL.

Exodus wallet posts 80% rise in Q2 revenue with $9.6M in losses

Exodus’ operating revenue in Q2 2024 was primarily driven by the wallet’s exchange aggregation service, which netted $19.9 million.

Unstoppable Domains to let farmers accept crypto with new Web3 domain

The new top-level domain “.farms” will play a role in Farmsent’s blockchain-based marketplace dedicated to farmers. 

Historically accurate ‘decaying peaks’ study sees Bitcoin price at $164K by 2025

The same study correctly predicted Bitcoin price to reach $65,732 in 2021, a mere $1,050 price difference from the previous all-time high.

Bitcoin’s bull rally will continue another 350 days: Bybit

Bitcoin's 2024 bull run was mainly driven by institutional inflows, which could be the key to unlocking the next leg up.

Ex-TON Foundation execs launch $40M TON Ventures fund

The Open Network Ventures, founded by former TON Foundation leaders, has launched a $40 million fund to back early-stage crypto projects within the TON ecosystem.

Tether crypto exchanges balance hits record high as Treasury prints $1B USDT

If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally.

Hong Kong launches generative AI Sandbox for finance sector

The HKMA collaborates with Cyberport to launch a generative AI sandbox, targeting fintech innovations in finance.

dYdX to allow permissionless listing with new update

dYdX announces updates to its chain, including a master liquidity pool that will provide liquidity for all markets across its network. 

Nigerian state plans to tokenize real estate, boost revenue

The tokenization of real estate in Lagos State has the potential to transform the property market, making it more accessible to a wider range of investors.

Crypto.com becomes official UEFA Champions League partner

Connecting with sports fans has accounted for at least 100 million new users on Crypto.com, according to the firm’s CMO.

Jump Trading transfers $46.44M in ETH amid sell-off, manipulation fears

Jump Trading moved 17,049 ETH from Lido, valued at $46.44M, raising market fears. Yet, data hints at a strategic liquidity setup.

Riot Platforms boosts Bitfarms stake with $2.28M share acquisition

Riot Platforms continues navigating its complex relationship with Bitfarms while expanding its operations.

45% of Bitcoin supply has not moved in 6 months — Research

A healthy portion of Bitcoin hodlers refuse to let go of their coins no matter what BTC price action delivers.

Core Scientific drops 10% after $400 million convertible senior note offer

Core Scientific stock has dropped to $8.46 per share on the Nasdaq following an announcement of offering convertible senior notes to help settle debts.

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