It’s time to refocus on crypto infrastructure, CoinShares CSO says

The ongoing cryptocurrency market decline is the right time for the community to strengthen infrastructure fundamentals, according to the chief strategy officer at the European digital asset manager CoinShares. CoinShares is one of the largest digital asset investment firms in Europe, with net assets exceeding $260 million by the end of 2021. According to CoinShares’ latest fund flows weekly report, digital asset investment products saw outflows totalling $423 million last week, the largest since records began by a wide margin. The report noted that the outflows were likely responsible for…

Bitcoin holds $20K as ECB warns inflation may never return to pre-COVID lows

Bitcoin (BTC) held steady at just above $20,000 after the June 29 Wall Street open as Europe’s chief banker admitted the world would “never” return to low inflation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Lagarde on inflation: “I don’t think we’re ever going back” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD looking nonvolatile but precarious as it stuck in a narrow range on the day. United States equities markets were likewise calm after Asian trading had seen fresh losses. In Europe, meanwhile, comments from central bankers set the…

Polkadot Chief Gavin Wood Announces Blockchain Governance Upgrade

Gov2 is set to launch on Kusama, Polkadot’s more nimble and experimental sister network, imminently, according to the blog post, following a final professional audit of its code. Once Gov2 is tested on Kusama, a proposal will be made for the Polkadot network to vote on, he added, without stating how long that process will take. Source

AVAX, SOL Slip by 14% on Wednesday, as Prices Near 1-Week Low – Market Updates Bitcoin News

SOL was down by as much as 14% on Wednesday, as prices fell close to a one-week low earlier today. In addition to this, AVAX saw a similar decline, as the token dropped for a fourth consecutive session, with prices moving below $20. Solana (SOL) SOL was lower in today’s session, as prices fell for a fourth straight session following a false breakout of the $40 level. The world’s ninth largest cryptocurrency dropped to an intraday low of $34.24 in today’s session, which is its lowest point since June 23.…

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Kieran Warwick’s 2032 plan for Illuvium – Cointelegraph Magazine

Kieran Warwick created the play-to-earn game Illuvium with his brothers Aaron and Grant — all siblings of DeFi maverick Kain, the founder of Synthetix. He shares his alpha on how NFT game mechanics can be designed in such a way that playing them can be fun and profitable in the long term. Warwick entered the retail world right out of high school, eventually becoming an online shopping entrepreneur. He got his start in the crypto world at brother Kain’s company BlueShyft, which first made Bitcoin and crypto exchange payments available…

Why Ethereum Could Trade At $500 If These Conditions Are Met

Ethereum has returned to the red as it was rejected as a major area of resistance. The cryptocurrency is bleeding out and records the second-worst performance in the crypto top 10 by market capitalization with a 10% loss in the last 24 hours. Solana (SOL) holds the number one position with a 13% loss. Related Reading | TA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $1.2K The general sentiment in the market seems to be at an all-time low, but there is room for it to enter into…