π° Tapi, an Argentine fintech company, has completed $20 million in Series A funding with participation from a16z and other companies. Bloomberg
ππ #ZKL zkLink launches Aggregation Parade Season II and will provide a reward of 30 million ZKL. blog.zk.link
π Justin Sun's Valkyrie Investments is selling its private trust business to Abra - BBG
π° Gaming social trading platform XYRO receives strategic investment from Animoca Brands animocabrands.com
π #BTC Santiment: Despite a mild recovery to end the week, Bitcoin's recent dip came as the S&P 500 and equities continued to flourish. This has been a rare sight for the past 3 years, with most of crypto's runs coming in tandem. BTC lagging behind suggests an eventual bullish catch up period.
πΈ $10M was liquidated in a single day on #AAVE V3 this month, marking the highest amount since April
Highest debt liquidated: $3.8M for wstETH against USDC
Highest debt liquidated: $3.8M for wstETH against USDC
β #BTC According to MicroMacro, the average cost of bitcoin mining has reached $83.6k
ππ£ Coinbase: We expect that price movement will remain unstable in the third quarter of 2024, as cryptocurrency markets still lack compelling data.
The market cannot decide whether potential ETH ETF spot flows will be bullish or bearish. Retail investors will likely be reluctant to take new positions in stocks or cryptocurrencies if the U.S. economy falls into recession.
The market cannot decide whether potential ETH ETF spot flows will be bullish or bearish. Retail investors will likely be reluctant to take new positions in stocks or cryptocurrencies if the U.S. economy falls into recession.
π’ #LINK IntoTheBlock: Exchange netflows for LINK have been negative for the past two weeks, with roughly $110 million worth of LINK being withdrawn from exchanges during this period
Such activity is typically associated with an accumulation phase, indicating that investors are moving LINK off exchanges and into long-term holdings
Such activity is typically associated with an accumulation phase, indicating that investors are moving LINK off exchanges and into long-term holdings
π€ #BTC Analyst C.Q.: Current average losses by Short-Term Holders (STH) via exchanges match the June 2023 correction level, but are 2.7 times less than fall 2020's.
I think we've reached a point where further declines would trigger significant stress and panic sales.
I think we've reached a point where further declines would trigger significant stress and panic sales.