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Guess what day it is Folks? HUMPDAY! Yesterday, WorldCoin continued to dominate the news cycle as more information comes out, it appears this might not be a good idea after all. Bitcoin's price is struggling to maintain $29K and could see $28.5K with volatility today as the FOMC decides to raise rates. The best performing asset in the past 24 hours is $SOL - up 2.76% and in position #9 on Coinmarketcap.com. Let's jump into the news...
Bitcoin correlation with US equities at 2-year low, and the last time when the correlation stood at 3% was in August 2021 when BTC was trading at over $45,000. Potential bullish signal? Bitcoin mimics past pre-halving behavior; When the next all-time high? Meanwhile, Bitcoin risks deeper price losses below 50-day average. A break below the 50-day simple moving average would shift the focus to long-term support near $25,200, one analyst said.
Miners are prioritizing the inclusion of next-generation mining rigs in their operations to prepare for the next Bitcoin halving.
XRP having trouble trading around price level it reached recently, especially after important pattern fails to form. DOGE jumped 10% on Tuesday, its biggest single-day percentage gain since April 3. Solana has been in 'comeback' mode since beginning of summer, but how long can this rally last?
Palau’s USD-backed stablecoin will be minted on the XRP Ledger using the Ripple CBDC Platform. Binance has listed the First Digital USD stablecoin.
On July 26, Binance announced the launch of two new product enhancements on its platform – Seed Tags and Monitoring Tags – aimed at providing education to users on the subject of volatility and risks. Binance, the largest crypto exchange by trading volume, plans to introduce its full service in Japan in August, CEO Changpeng "CZ" Zhao said Tuesday. Binance exits at least 3 European markets (Germany is the latest), prepares for MiCA.
Singapore’s High Court has recognized crypto as a property capable of being held on trust, in a case involving Seychelles-based exchange Bybit and a contractor. Craig Wright, an Australian computer scientist who claims he is blockchain innovator Satoshi Nakamoto and owns the concepts underpinning Bitcoin, must pay 400,000 British pounds ($516,000) in security for legal costs to pursue claims against crypto exchanges Coinbase and Kraken. Blockchain security firm Quantamp is set to return $28 million raised in a 2017 initial coin offering following charges brought by the United States Securities and Exchange Commission (SEC).
Ransomware may be dying out, but Cryptojacking is up 399%. Security researchers have issued warnings on new malware targeting Apple macOS systems aimed at stealing crypto assets.
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Podcast of the Day: BTC140: Game Theory and Bitcoin w/ Scott Lindberg | BF
Sources:
Bitcoin Price Action (Finbold | Coindesk | CryptoPotato | NewsBTC)
Bitcoin Miners (Coindesk)
XRP Price Action (UToday)
DOGE Price Action (Coindesk | Finbold | UToday | Cryptoglobe)
Solana Price Action (UToday)
Ripple CBDC (TB)
Binance Stablecoin (TB | Cointelegraph)
BInance (Finbold | Coindesk | Blockworks | CryptoPotato | Coindesk)
ByBit Case (Coindesk | Cointelegraph)
Craig Wright (Coindesk | TB| Coindesk)
Cryptojacking (DeCrypt | TB)
Quantstamp (Cointelegraph | CryptoPotato)
Apple Malware (TB)
