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According to the insightful and ever-so-dramatic CryptoQuant Quicktake post by the one and only Enigma Trader, the Coinbase Premium Gap made a jump from 6.9 on July 7 to a respectable 48.8 by July 10. While this does point to some renewed interest from the US, let’s not get too excited – this still doesn’t come close to the June high of over 80. But hey, it’s a start, right?
Needless to say, many a sage investor now believes the platform to be undervalued, and that it shall eventually surpass those most venerable institutions, the centralized exchanges (CEXs) 💸.
Bitcoin’s rally to a new all-time high of over $118,000 has triggered a massive wave of liquidations, wiping out more than $1.11 billion in short contracts in a single 24-hour period ending on July 11. 😱💸
Just the other Wednesday—mark it in your calendars—Snoop launched this digital cornucopia, the likes of which have not been seen since the invention of the telegraph. With a collection that sprouted everything from ganja-themed art (of course) to anthropomorphized beagles and fine vintage automobiles, folks were clicking like there was no tomorrow! And lo and behold, in a mere thirty minutes, more cash than one could shake a stick at—$12 million to be exact—swelled into the coffers! 💰
Dogecoin price started a fresh increase from the $0.1750 zone, because even cryptocurrencies need a little pick-me-up sometimes. DOGE was able to climb above the $0.180 and $0.1880 resistance levels, and the bulls even pushed the price above the $0.1920 resistance, because who doesn’t love a good game of crypto-bull-riding? 🎢
At a press conference, Governor Lee expressed his concerns about the potential chaos that could ensue if multiple non-bank institutions were to issue won-pegged stablecoins. “It’s a recipe for disaster,” he seemed to say, “a confusion akin to the Wild West of private currency issuance in the 19th century 🤠.”
Scaramucci believes that Bitcoin could go up by up to 65% from the current level before the end of the year, reaching a staggering $150,000 to $180,000! 🚀
Ethereum’s price action is heating up, and its derivatives market is following suit. This surge in the derivatives market is attributed to a recent spike in ETH’s Futures Open Interest (OI) to new multi-month highs. 📈
Lightchain AI, having concluded all 15 presale stages with a flourish, has now launched a Bonus Round at the fixed price of $0.007. This endeavour has already yielded a tidy sum of nearly $21 million in early interest. It appears that the prospect of acquiring a token is not the sole driving force behind this surge; rather, it is a felicitous combination of timing, infrastructure, and cunning positioning. Through the judicious allocation of developer grants, transparent governance, and a functional AI-powered Virtual Machine, Lightchain AI is generating traction that compounds with each passing day.
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