Cryptocurrency News & Live Updates
Synopsis
El Salvador has added 8 BTC to its Bitcoin reserves over the last week, bringing the total to 6,236.18 BTC, valued at around $734 million.
In recent cryptocurrency news, El Salvador has increased its Bitcoin holdings by 8 BTC, now totaling 6,236.18 BTC, worth approximately $734 million. Meanwhile, the NFT market has seen a surge in transaction volume, rising by 20.67% to $122.6 million, despite a significant drop in active buyers and sellers. The Ethereum network has regained its lead, with transaction volumes skyrocketing by 133.36% to $50 million, while Bitcoin also saw a notable increase of 50.12% to $15.5 million. In a significant move, a whale address executed a transaction worth 5.9 million USDC to purchase 2,000 ETH at around $2,952.27 each. Additionally, Thai firm DV8 is transforming into a Bitcoin finance company, led by new chairman Chatchaval Jiaravanon, focusing on Bitcoin treasury management and innovative financial practices. Lastly, BlackRock’s iShares Ethereum ETF has surpassed 2 million ETH in holdings, representing 1.65% of the total Ethereum supply, highlighting the growing institutional interest in cryptocurrencies.
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El Salvador Boosts Bitcoin Reserves by 8 BTC
El Salvador has added 8 BTC to its Bitcoin reserves over the last week, bringing the total to 6,236.18 BTC, valued at around $734 million.
NFT Market Grows Despite Fewer Participants
The NFT market saw a 20.67% increase in transaction volume, reaching $122.6 million, while the number of buyers and sellers dropped significantly by 89.08% and 82.62%, respectively.
Whale Acquires 2,000 ETH in Major Deal
A whale address, starting with 0x208, has executed a significant transaction on Cowswap, purchasing 2,000 ETH for approximately 5.9 million USDC, equating to around $2,952.27 per ETH.
DV8 Transitions to Bitcoin-Focused Finance
Thai-listed DV8 Public Company Limited is transforming into a Bitcoin finance entity, appointing Chatchaval Jiaravanon as chairman to lead its new direction in Bitcoin treasury management and DeFi investments.
BlackRock’s iShares Ethereum ETF Exceeds 2 Million ETH
Nate Geraci from The ETF Store announced that BlackRock’s iShares Ethereum spot ETF has surpassed 2 million ETH, representing 1.65% of Ethereum’s total supply of 121 million ETH.
U.S. Bitcoin Mining Market Share Slightly Decreases
The U.S. has seen a minor drop in its global Bitcoin mining market share, falling from 36.025% to 35.81%, while still leading worldwide. Russia’s mining capacity is on the rise, reaching 150 EH/s and a 16.61% market share.
Bitcoin Mining Difficulty Rises to 126.27 T
Bitcoin mining difficulty has surged by 7.96% to reach 126.27 T, as reported by CloverPool, with the average hash rate at 910.14 EH/s.
Bitcoin’s Chip Structure Sparks Market Speculation
On-chain analyst Murphy notes a significant gap in Bitcoin’s chip structure, indicating potential market trends, with historical precedents suggesting strong price movements.
Kenyan Bank Suffers Major Cyberattack, $4 Million Stolen
A significant internal cyberattack at a Kenyan bank has led to the theft of 500 million Kenyan shillings (around $4 million) by IT contractors who exploited the bank’s card management system to create unauthorized virtual cards.
Pump.fun Memecoin Platform Raises $600 Million in Minutes
Pump.fun, a platform for creating custom memecoins, raised an astonishing $600 million in just 12 minutes during its public token sale, bringing its total funding to $1.32 billion.
CoinDCX Refutes WazirX’s Fund Transfer Claims
CoinDCX’s CEO, Sumit Gupta, denied allegations of transferring user funds to non-compliant entities in Lithuania, asserting that all user funds are securely held by a compliant Indian entity.
H100 Group and Agora Finance Secure Major VC Funding
During the week of July 6–12, crypto venture capital funding reached $165.1 million across 10 projects, with H100 Group leading at $54 million and Agora Finance raising $50 million.
Stellar’s XLM Price Soars Significantly
Stellar Lumens (XLM) surged over 72% this week, reaching $0.4045, driven by increased futures open interest and a rise in stablecoin supply within its ecosystem.
Kyber Network Crystal soars 90%, XRP stabilizes
XRP stabilizes around $2.70 while Kyber Network Crystal (KNC) surges 95.3% following the launch of its crosschain platform, highlighting a trend of smaller altcoins gaining traction in a sideways market.