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PLUS: The first half of 2023 has so far been very promising for the crypto majors.
PLUS: Dismissing the very real prevalence of Ponzi schemes in GameFi isn't a good look for Web 3.
The largest cryptocurrency by market cap tends to rally in the month of July, the report said.
The latest price moves in crypto markets in context for July 5, 2023.
Copies of several meme coins have popped across the board in a trend that’s likely to die out within weeks.
The 90-day rolling correlation between bitcoin and Nasdaq, S&P 500 is now at the lowest level observed since July 2021, according to data tracked by crypto derivatives analytics firm Block Scholes.
Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said.
A bullish flag looks to be forming and would be completed on a breakout above $31,900, analysts at Fairlead Strategies said.
The bitcoin cash-Korean won (BCH/KRW) pair listed on Upbit has registered a trading volume of $557.63 million in the past 24 hours. That's nearly 3.5 times
It would be unusual for bitcoin to stay bullish when fiat liquidity measures are pointing lower, one portfolio manager said.
- 08:16Sci-Hub founder tests tweet impact on Meme Token $scihub priceOn December 4, Sci-Hub founder Alexandra Elbakyan posted a message on Twitter about "testing the impact of tweets on the price of Sci-Hub Meme Token ($scihub)", and provided a donation address based on the Solana network.
- 08:15XION announced the white paper and token economics, with the community and Launch accounting for 15.19% of the total token amountOn December 4th, Chain Abstraction L1 XION officially released its white paper and token economics. The total supply of XION tokens is 200 million, with an initial circulation of 25,559,333 tokens, accounting for 12.78%, while the remaining 87.22% of tokens will be unlocked over time.Of these, ecological incentives and project incubation account for 23%; strategic investors account for 26.81%; the team accounts for 20%; protocol development and foundation account for 15%; community and Launch account for 15.19%. XION serves as a utility token with functions including: network Gas, node pledge, governance, cross-chain fee settlement, collateralization and liquidity. XION supports a new type of abstract proof (Proof-of-Abstraction) consensus mechanism that enhances security through abstraction to solve the traditional trade-off problem between security and accessibility in Proof-of-Stake.
- 08:14Analyst: If ETH pulls back, pay attention to the $3300 support levelBitget news, crypto analyst Ali stated that if ETH experiences a pullback, pay attention to the $3300 support level, which is also a potential buying opportunity. In the medium term, ETH could reach $6000 and in the long term it could hit $10000.
