Ethereum exchange flow is falling, what does this mean?The global crypto market cap is $1.43 trillion with a 24-hour volume of $76.47 billion. The price of Bitcoin is $34,515.88 and the BTC dominance is at 45.3%.
by Samuel Wan Data compiled by Chinese journalist Colin Wu shows a sharp drop over the weekend in Ethereum reserves held on exchange wallets. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬Currency devaluation in Nigeria is driving a crypto boom in the countryData from analytics firm Chainalysis shows that in May, Nigerians received a marked increase in crypto compared to last December. ETH ‘supply shock’? Devs signal crucial Ethereum update in AugustEthereum developer Tim Beiko has signaled an early August launch for the protocol’s ‘London’ upgrade, an official proposal on GitHub shows. Back to the moon: Could the Robinhood IPO breathe new life into the ailing crypto market?After much excitement and a series of fresh all-time highs for the likes of Bitcoin and other altcoins, the cryptocurrency market experienced a significant crash during May that left sentiment among investors at a new low. DeFi summer 2.0? Synthetix, Aave, Sushi pump double digitsThe decentralized finance (DeFi) landscape exploded independently from Bitcoin (BTC) last year and the so-called DeFi summer of 2020, which was ignited by emerging staking options, could have a sequel this year. Bitcoin ETF applicants accuse the SEC of foul playLast month, the Securities and Exchange Commission (SEC) delayed yet another Bitcoin ETF application, this time from Cboe Global Markets Inc The U.S regulator said it would seek more public consultation on the matter before making a decision. Ripple CTO slams regulators as Barclays blocks Binance paymentsBarclays UK customers have been blocked from transferring funds to Binance as the bank prohibited all credit and debit card payments to the exchange. Swiss bank UBS says Bitcoin is ‘unsuitable’ for institutional investorsSwitzerland bank UBS said in its latest note to investors that the increased crackdown on the crypto market by China makes investing in Bitcoin and other crypto-assets unsuitable. New IOTA partnership eases out business woes in East AfricaThe IOTA Foundation, the non-profit foundation driving open-source distributed ledger technology for a new digital economy, today announced the initial success of its ongoing collaboration with Trademark East Africa (TMEA). El Salvador’s Bitcoin mine could earn over 20,000 BTC ($750 million) a yearEl Salvador’s proposed Bitcoin mine could earn hundreds of millions of dollars each year given the current network state, a top miner pointed out in a tweet today. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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