SOL, AVAX, FIL and EOS price are beginning to look attractive, especially if Bitcoin opens the week with a renewed attack on the $31,000 level.
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Bitcoin price gathers strength as SOL, AVAX, FIL and EOS prep for a breakout
Nonfarm payrolls rose by 209,000 in June, below economists’ expectations of an addition of 240,000 jobs. Although the figures show a cooling labor market, market observers remained concerned as the average hourly earnings growth held steady at 0.4% from May and 4.4% from a year ago.
The report did not alter expectations of a 25 basis point rate hike by the United States Federal Reserve in the next meeting, according to the FedWatch Tool. That kept the U.S. equities markets under pressure, with all three major indices falling for the week. The S&P 500 was down 1.16% and the Nasdaq was lower by 0.92%.
Crypto market data daily view. Source: Coin360Another minor negative for the crypto markets was a report by JPMorgan managing director Nikolaos Panigirtzoglou, which said that a spot Bitcoin (BTC) exchange-traded fund (ETF) may not prove to be a game changer for the crypto space. Panigirtzoglou cites lackluster interest in the spot Bitcoin ETFs in Canada and Europe as the reason for a possible low impact even in the U.S.
Could bulls regroup and kick Bitcoin above the overhead resistance? If they do, select altcoins could join the march higher. Let’s analyze the charts of top-5 cryptocurrencies that are showing signs of moving up.
Bitcoin price analysis
Bitcoin remains stuck between the 20-day exponential moving average ($29,854) and the overhead resistance at $31,000. This suggests uncertainty among the bulls and the bears about the next directional move.
Robert F. Kennedy Jr. invested up to $250,000 in Bitcoin after Miami's conference
The recent investment disclosure contrasts with his claims in May that he was not an investor in Bitcoin.
Robert F. Kennedy Jr. invested up to $250,000 in Bitcoin after Miami's conference
The recent investment disclosure contrasts with his claims in May that he was not an investor in Bitcoin.
BlackRock ETF stirs US Bitcoin buying as research says 'get off zero'
Bitcoin is a must-own as the world's only truly scarce asset, analysis argues, as U.S. BTC accumulation takes a leg up.
BlackRock ETF stirs US Bitcoin buying as research says 'get off zero'
Bitcoin (BTC) will suck in “all prosperity gains” in future and leave behind those who have no exposure as a result, a new prediction says.
In a Twitter thread on July 8, investor Luke Broyles delivered a bold vision of how Bitcoin would become “society’s base money.”
Investor tells would-be Bitcoin buyers: "Get off zero"
What started off as a commentary on how artificial intelligence (AI) is welcoming BTC soon became a dramatic outline of how it should end up as the world’s go-to currency.
For Broyles, Bitcoin’s key attribute — a fixed, immutable supply — makes it unique as a future-proof asset.
“Every innovation (even AI) will rush as quickly as possible to competitively force prices down. Every country will rush as quickly as possible to print currency to force prices up and sustain credit markets. Both of these forces will increase in speed,” he wrote.
XRP grows strong in Q2 despite SEC lawsuit concerns, Messari report
The XRPL saw a significant increase in the total new address count, which reached 138,790, representing a growth of 31.8% compared to the same period last year.
Multichain attack triggers Twitter phishing scheme for FTM distribution
A phishing link was included in the tweet and shared with the affected users of the hack, leading them to believe it is associated with Fantom Foundation.
Salvadoran teenager becomes Bitcoin teacher, no longer earning ‘6 dollars a day’
18-year-old Gerardo Moran explained in a series of tweets his journey back to his former high school in El Salvador, where he is now teaching the concept of Bitcoin to senior professors.
Marathon Digital attributes 21% decline in Bitcoin mined to adverse weather conditions
Marathon Digital also noted that the decrease in transaction fees for June was not a cause for concern, highlighting that Bitcoin Ordinals had provided a boost in the previous month.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
BlackRock’s PR campaign for a Bitcoin ETF, Gemini’s fight with DCG over Earn program funds, and CEX employees’ sentiment.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
BlackRock’s PR campaign for a Bitcoin ETF, Gemini’s fight with DCG over Earn program funds, and CEX employees’ sentiment.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
Top Stories This Week
Larry Fink, the CEO of BlackRock, has recently delivered pro-crypto remarks, claiming “Bitcoin is an international asset” and suggesting U.S. regulators consider how an ETF directly linked to Bitcoin could democratize finance in the country. Under Fink, BlackRock has attempted to launch a spot BTC ETF with crypto exchange Coinbase acting as a surveillance partner. It’s unclear if the U.S. Securities and Exchange Commission (SEC) will approve the investment vehicle, given its track record of rejecting all previously filed spot BTC ETF applications to date.
Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program
Gemini has announced legal action against the conglomerate Digital Currency Group (DCG) and its CEO, Barry Silbert, claiming “fraud against creditors.” Genesis, a DCG subsidiary, had been the crypto lender responsible for operating an Earn program in partnership with the crypto exchange. The suit follows an open letter published by Gemini co-founder Cameron Winklevoss, which slammed Silbert for allegedly trying to play the victim card while owing over a billion dollars to Earn’s investors. “Not even Sam Bankman-Fried was capable of such delusion,” Winklevoss wrote in the letter.
Bitcoin bull run incoming: Binance CEO Changpeng Zhao reveals when
Binance CEO Changpeng “CZ” Zhao has delivered his prediction for the next Bitcoin bull market. In a July 5 “ask me anything” session on Twitter, CZ gave his thoughts on the next bull run, explaining that the price of Bitcoin has historically moved in four-year bull cycles, and his best bet was that this would continue to occur. While admitting he couldn’t predict the future, Zhao emphasized the upcoming Bitcoin halving event in 2024 and declared 2025 to be the most likely year for the next bull market, stating: “The year after Bitcoin halving is usually the bull year.“
Lawmakers in the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes. A June 27 version of the bill included provisions to allow authorities greater flexibility in the confiscation and civil recovery of crypto assets. In addition, the legislation clarified the government’s authority over digital assets “intended to be used for the purposes of terrorism” or related reasons. The lawmakers will consider all amendments to the bill before it can be made law by royal assent.
Binance, Coinbase and Gemini staff are among the least happy, data suggests
According to a quadrant chart by tech recruitment firm TrueUp using data from Glassdoor, crypto exchanges, including Gemini, Binance and Coinbase, are home to some of the least happy employees in the industry. The chart shows the happiest and least happy workers across over 27 of most valuable crypto firms on different stages of maturity. The defunct crypto lender Celsius, crypto exchange Gemini and trading firm Amber Group top the list of least satisfied employees, followed by Binance and Coinbase. Binance said its “hardcore” work culture could explain some of the results, while Crypto Recruit founder Neil Dundon warned that the data should be taken with a grain of salt.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
BlackRock’s PR campaign for a Bitcoin ETF, Gemini’s fight with DCG over Earn program funds, and CEX employees’ sentiment.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
BlackRock’s PR campaign for a Bitcoin ETF, Gemini’s fight with DCG over Earn program funds, and CEX employees’ sentiment.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
Top Stories This Week
Larry Fink, the CEO of BlackRock, has recently delivered pro-crypto remarks, claiming “Bitcoin is an international asset” and suggesting U.S. regulators consider how an ETF directly linked to Bitcoin could democratize finance in the country. Under Fink, BlackRock has attempted to launch a spot BTC ETF with crypto exchange Coinbase acting as a surveillance partner. It’s unclear if the U.S. Securities and Exchange Commission (SEC) will approve the investment vehicle, given its track record of rejecting all previously filed spot BTC ETF applications to date.
Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program
Gemini has announced legal action against the conglomerate Digital Currency Group (DCG) and its CEO, Barry Silbert, claiming “fraud against creditors.” Genesis, a DCG subsidiary, had been the crypto lender responsible for operating an Earn program in partnership with the crypto exchange. The suit follows an open letter published by Gemini co-founder Cameron Winklevoss, which slammed Silbert for allegedly trying to play the victim card while owing over a billion dollars to Earn’s investors. “Not even Sam Bankman-Fried was capable of such delusion,” Winklevoss wrote in the letter.
Bitcoin bull run incoming: Binance CEO Changpeng Zhao reveals when
Binance CEO Changpeng “CZ” Zhao has delivered his prediction for the next Bitcoin bull market. In a July 5 “ask me anything” session on Twitter, CZ gave his thoughts on the next bull run, explaining that the price of Bitcoin has historically moved in four-year bull cycles, and his best bet was that this would continue to occur. While admitting he couldn’t predict the future, Zhao emphasized the upcoming Bitcoin halving event in 2024 and declared 2025 to be the most likely year for the next bull market, stating: “The year after Bitcoin halving is usually the bull year.“
Lawmakers in the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes. A June 27 version of the bill included provisions to allow authorities greater flexibility in the confiscation and civil recovery of crypto assets. In addition, the legislation clarified the government’s authority over digital assets “intended to be used for the purposes of terrorism” or related reasons. The lawmakers will consider all amendments to the bill before it can be made law by royal assent.
Binance, Coinbase and Gemini staff are among the least happy, data suggests
According to a quadrant chart by tech recruitment firm TrueUp using data from Glassdoor, crypto exchanges, including Gemini, Binance and Coinbase, are home to some of the least happy employees in the industry. The chart shows the happiest and least happy workers across over 27 of most valuable crypto firms on different stages of maturity. The defunct crypto lender Celsius, crypto exchange Gemini and trading firm Amber Group top the list of least satisfied employees, followed by Binance and Coinbase. Binance said its “hardcore” work culture could explain some of the results, while Crypto Recruit founder Neil Dundon warned that the data should be taken with a grain of salt.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
Top Stories This Week
Larry Fink, the CEO of BlackRock, has recently delivered pro-crypto remarks, claiming “Bitcoin is an international asset” and suggesting U.S. regulators consider how an ETF directly linked to Bitcoin could democratize finance in the country. Under Fink, BlackRock has attempted to launch a spot BTC ETF with crypto exchange Coinbase acting as a surveillance partner. It’s unclear if the U.S. Securities and Exchange Commission (SEC) will approve the investment vehicle, given its track record of rejecting all previously filed spot BTC ETF applications to date.
Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program
Gemini has announced legal action against the conglomerate Digital Currency Group (DCG) and its CEO, Barry Silbert, claiming “fraud against creditors.” Genesis, a DCG subsidiary, had been the crypto lender responsible for operating an Earn program in partnership with the crypto exchange. The suit follows an open letter published by Gemini co-founder Cameron Winklevoss, which slammed Silbert for allegedly trying to play the victim card while owing over a billion dollars to Earn’s investors. “Not even Sam Bankman-Fried was capable of such delusion,” Winklevoss wrote in the letter.
Bitcoin bull run incoming: Binance CEO Changpeng Zhao reveals when
Binance CEO Changpeng “CZ” Zhao has delivered his prediction for the next Bitcoin bull market. In a July 5 “ask me anything” session on Twitter, CZ gave his thoughts on the next bull run, explaining that the price of Bitcoin has historically moved in four-year bull cycles, and his best bet was that this would continue to occur. While admitting he couldn’t predict the future, Zhao emphasized the upcoming Bitcoin halving event in 2024 and declared 2025 to be the most likely year for the next bull market, stating: “The year after Bitcoin halving is usually the bull year.“
Lawmakers in the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes. A June 27 version of the bill included provisions to allow authorities greater flexibility in the confiscation and civil recovery of crypto assets. In addition, the legislation clarified the government’s authority over digital assets “intended to be used for the purposes of terrorism” or related reasons. The lawmakers will consider all amendments to the bill before it can be made law by royal assent.
Binance, Coinbase and Gemini staff are among the least happy, data suggests
According to a quadrant chart by tech recruitment firm TrueUp using data from Glassdoor, crypto exchanges, including Gemini, Binance and Coinbase, are home to some of the least happy employees in the industry. The chart shows the happiest and least happy workers across over 27 of most valuable crypto firms on different stages of maturity. The defunct crypto lender Celsius, crypto exchange Gemini and trading firm Amber Group top the list of least satisfied employees, followed by Binance and Coinbase. Binance said its “hardcore” work culture could explain some of the results, while Crypto Recruit founder Neil Dundon warned that the data should be taken with a grain of salt.
Circle, Tether freezes over $65M in assets transferred from Multichain
Multichain has suspended its operations after an unexplained transfer of crypto assets worth millions of dollars took place on July 6.
Coinbase was aware of securities law violations, the SEC claims in letter
According to the SEC, Coinbase recognized the probability that federal securities laws would apply to its operations, openly informing its shareholders about the risk.
What is The Graph, and how does it work?
The Graph is an indexing protocol for Web3 applications that organizes blockchain data to make it easily accessible with GraphQL..