The latest price moves in bitcoin (BTC) and crypto markets in context for July 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original
“Pixelverse isn’t just about creating a game; we’re building a retail-friendly brand that captures audience attention and onboards millions to our product lines,” Kori Leon, chief operating officer of PixelVerse, told CoinDesk in a Telegram message. “The MEW partnership is possible as Pixelverse aims to integrate other IPs into their Pixel Universe.” Source
The median deal size rose slightly to $3.2 million, but “median pre-money valuation surged dramatically to near all-time highs” of $37 million, the note observed, suggesting that the resurgence of the cryptocurrency market in recent quarters is leading to “significant competition and fear of missing out (FOMO) among investors.” Source
Bitcoin’s price on July 3, 2024, stands at $60,177, with a 24-hour intraday range from $59,712 to $62,974. The trading volume over the past 24 hours reached $24.36 billion, and the market capitalization is currently at $1.18 trillion. Analyzing various time frames and technical indicators reveals consistent bearish signals, suggesting caution for traders. Conversely, the […] Original
Astar Network has solidified its position as a leading blockchain platform for global enterprises, according to astar.network. The recent Yoki Origins campaign, which marked the launch of Astar zkEVM, demonstrated the network’s potential by onboarding numerous projects and achieving significant milestones. Launch of Astar zkEVM Astar Network introduced Astar zkEVM, a Layer 2 network that offers fast processing speeds and low gas costs while maintaining Ethereum’s security. The platform allows seamless asset transfers from Ethereum and features extended tools such as credit card payments, making…
“It is something for the market to worry about in the short term,” David Brickell, head of international distribution at Toronto-based crypto platform FRNT Financial, told CoinDesk. “There might be some funding stress hangover post the [second] quarter-end. Yet, It’s reminiscent of the repo funding rate blow-up we experienced in 2019, We’re starting to see the strains of excessive government debt and Treasury bill issuance.” Source
The party’s manifesto “referenced a kind of pro-competition environment,” said Laura Navaratnam, U.K. policy lead at the Crypto Council for Innovation, an industry group. “It talked about the role of regulators, but all in a broader context. So still, nothing on crypto. But on the plus side, they haven’t said anything negative either.” Source
Whenever the growing pile of plastic waste in front of her door takes up too much space, Asinate Lewabeka has a simple solution. She sets it on fire. She prefers to do so at dawn when the air is still so that the smoke rises in a black column. She says any later in the day, the coastal breeze risks blowing the acrid fumes straight into her home, a modest shack built on the edge of the Vunato dump site in Lautoka, Fiji’s second largest city. Lewabeka watches in satisfaction as…
Toncoin (TON), with its history of wild price fluctuations, perfectly embodies the volatility that thrives in the cryptocurrency market. Prices often experience dramatic swings that can make even the most seasoned investors dizzy. However, recent trends suggest TON might be entering uncharted territory – a period of eerie stability. This unexpected calm has set tongues wagging, with analysts predicting a potential explosion in volatility on the horizon. Related Reading Low Volatility Hints At Brewing Storm Data analytics platform CryptoQuant has released data indicating TON is currently trading near its all-time…
According to Glassnode’s latest analysis, Bitcoin is stuck below the $64,000 mark, facing uncertainty in a slow-moving market. Bitcoin‘s price has stagnated between $60,000 and $64,000, indicative of a market grappling with indecision as investors await decisive movements. In a recent research report, analysts at blockchain research firm Glassnode noted that despite the uncertainty, the majority of the market remains profitable, primarily due to long-term holders. “As BTC prices sold off down into the $60k region, a degree of fear and bearish sentiment could be discerned amongst many digital asset…