July 2024 – Coin HD

Analysts Eye September for Potential Bitcoin Breakout Despite Recent Retreat

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Bitcoin prices dipped to an intraday low of $65,563 on July 30, marking a 6% slump since the beginning of the week. The asset recovered to reclaim $66,000 but failed to hold at that level, dropping back below it during the Wednesday morning Asian trading session. Nevertheless, BTC markets remain in a five-month rangebound channel, […]

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ZKsync-Powered GRVT Launches Open Beta on August 5 with 2.5M Waitlist Testers

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[PRESS RELEASE – Singapore, Singapore, July 25th, 2024] Hybrid cryptocurrency exchange GRVT, ZKsync’s first official Validium ZK Chain, will launch its Open Beta testnet on August 5. The public test aims to assess key account management and trading features, as well as users’ native biometric-enable self-custodial GRVT Wallet. During the test, participants will have the

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Russia Moves to Legalize Cryptocurrency Payments Amid Sanctions Pressure: Report

BlackRock Solana ETF Not Happening Anytime Soon, CIO Confirms

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BlackRock has confirmed it has no plans to launch a Solana (SOL) ETF anytime soon, despite the roaring success of its Bitcoin and Ethereum spot ETFs launched this year. The company’s dismissal of small-cap altcoins leaves room for other asset managers to compete in this area, with some already filing to launch the product. BlackRock’s

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21Shares Integrates Chainlink Proof of Reserve to Boost Transparency of Ethereum Reserves

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21Shares – which is part of 21Shares AG – has announced the integration of Chainlink Proof of Reserve on the Ethereum mainnet. It improves the transparency of the Ethereum reserves backing the 21Shares Core Ethereum ETF (CETH), which is physically backed by Ether and tracks its performance. The Zurich-based financial institution said that the latest

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Beware of Scams: BlackRock Confirms No Social Media Investment Solicitations

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American multinational investment giant – BlackRock – has recently reported a significant increase in investment-related scams, particularly those that direct individuals to crypto investment websites or social media platforms like WhatsApp and Telegram. The company has cautioned its investors when engaging with individuals, websites, or social media platforms using BlackRock’s brand to offer training or

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Cantor Fitzgerald Announces $2 Billion Bitcoin Financing Initiative

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Cantor Fitzgerald announced that it will open a Bitcoin financing business. The business will provide leverage to investors who hold Bitcoin and will launch with $2 billion in initial financing. Bitcoin Financing Business At the Bitcoin Conference 2024, Cantor Fitzgerald CEO and Chairman Howard Lutnick said on stage, “We will build the best platform for

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Spot Ethereum ETFs Boost Trading Volumes to $14.8 Billion, Highest Since May

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The debut of spot Ethereum ETFs in the United States resulted in some of the highest inflows since December 2020 over the last week. According to CoinShares, the newly launched funds attracted $2.2 billion last week. Since then, the trading volume of Ethereum ETPs has also surged by 542%. However, the inflows have been hampered

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Bitcoin Plummets Under $67,000 As U.S. Government Moves $2 Billion In Bitcoin

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On-chain analysts just caught the U.S. government moving around $2 billion worth of its massive BTC holdings, sparking market panic that it might be preparing for another sale. Meanwhile, Bitcoin’s price has steadily declined throughout the day, tapping $70,000 at 13:15pm UTC before crashing to $66,900 by 17:26 UTC. At 16:18 UTC, data from Arkham

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Bitcoin Bounces Back Near ATH: The Forces Behind the Surge

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Bitcoin neared its all-time high earlier today before it was rejected there. There are several factors at play that have supported the price surge of the flagship crypto asset. For one, bitcoin surpassed the average realized price for short-term investors after soaring well past $63,500, indicating renewed market strength. According to the latest findings by

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