Bitcoin (BTC) ended the week at 1.37%, while Ethereum (ETH) slightly underperform, closing the week up 0.85%. The total market capitalization of cryptography fell by 2.03%, compared to $ 3.442T to finish the week at 3.372 T $.
This week’s liquidations remained relatively flat, with a large long liquidation event on Tuesday by taking $ 320 million in long positions. Funding rates in general continue to remain relatively stable, with certain increases between the majors of cryptocurrencies, reflecting an increase in the lever effect of the system.
📌 Michael Saylor’s strategy acquires 10,100 BTC for $ 1.05 billion at an average price of $ 104,080 per bitcoin. – Link
📌 Sharplink Gaming acquires 176,271 ETH for a total of $ 463 million, making it the largest public holder in ETH. – Link
📌 Solana Treasury Company, Defu Development Corp, secures a stock line of $ 5 billion to accelerate their soil acquisition for their treasure. – Link
Why is it important?
Despite an escalation in the conflict between Israel and Iran, the markets remained relatively strong, the cryptographic and traditional markets deriving during the week. This could point out current optimism in the conflict, many expecting the United States to spread the situation. The S&P 500 is down 0.42% during the week while the NASDAQ ended the week down 0.36%.
See CMC Gaires & Losers Board
The stablecoins continue to hold the spotlight as the act of engineering passes, with large institutional actors entering the space of Stablecoin.
📌 JP Morgan launches JPMD, a USD deposit token for institutional customers on the L2 basis. The token is designed to facilitate transfers 24/7 24/7 via the blockchain. – Link
📌 The largest Chinese retailer, JD, requests global licenses of Stablecoin, seeking to reduce transaction costs on cross -border payments via stablecoin rails. – Link
📌 The act of genius governing stablecoins adopts in the American Senate, with the Treasury Secretary, Scott Bessent, expecting the Stablescoin market reaching 3.7 T $ by the end of the decade. – Link
Why is it important?
The interest in stablecoins from the exterior of the Indigenous of Crypto continues to grow, even retail merchants like JD, Amazon and Walmart exploring the use of Stablecoins to reduce costs.
📌 Mantle presents Ur, a neobank without border based on the crypto, allowing users to spend, ramp and extinguish easily via a linked multi-money Fiat account. – Link
📌 EIGENLAYER presents EIGENCLOUD, a platform for verifiable applications, services and AI, secured by the EIGEN token. – Link
📌 Kraken L2, Ink, announces his next token, Ink, who will be used to support and promote the use of DEFI in the ink ecosystem. – Link
Why is it important?
The new Neobanks continue to try to fill the gap between crypto and traditional finance, attacking one of the biggest obstacles for the consumer adoption.
Source: https://coinmarketcap.com/chain-ranking/
📌 Bybit introduces Byreal, a Solana -based liquidity network bringing together CEX quality liquidity and Dex transparency. Byreal will also support its own launch and give chests. – Link
📌 The main loan protocol, Aave, presents their V4 architecture, which combines all assets in a unified liquidity center, rather than silo as they are now. – Link
📌 Solana liquidity protocol, Meteora, introduces a rate limiter, upgrading of tax elite shooters buying large amounts of token when launching, while leaving smaller transactions not affected. – Link📌 COWSWAP presents combinatorial lots (FCBA), a higher speed, more equitable trades and savings in protocol and its users. – Link
Why is it important?
The exploration of Bybit in Cex-Dex integration highlights the gap existing between the CEX and Dex functions, with CEX well positioned to support the liquidity difference on Dex with their own deployments.
📌 The AI ​​startup fed by Crypto, Yupp, collects $ 33 million in a seed financing cycle led by A16z Crypto, with the participation of more than 45 angels and investors of Google, Coinbase and more. – Link
📌 Solana a protocol, Gradient Network, collects $ 10 million in a seed lap led by Pantera Capital and Multicoin Capital, with the support of HSG Capital, among other investors. – Link
📌 Modular Blockchain Infrastructure, Network Units, collects $ 10 million in funding from Nimbus Capital. – Link
📌 The ETH re -application layer, Eigenlayer, collects $ 70 million via a sale of over the counter to A16z Crypto, to support the launch of their latest feature, Eigeencloud. – Link
📌 Spark, by Makerdao, announces their spk token, which will be a complaint until July 22. – Link
Source: @kirbxbt
The choice is clear, we have no other choice than to continue to buy the dips.
This article contains links to third -party websites or other content for information purposes only (“third -party sites”). Third -party sites are not under the control of CoinmarketCap, and CoinmarketCap is not responsible for the content of a third -party site, including without limiting any link contained in a third -party site, or any modification or update of a third -party site. CoinmarketCap provides you with these links only as convenience, and the inclusion of any link does not imply the approval, approval or recommendation by CoinmarketCap on the site or any association with its operators. This article is intended to be used and should be used for information purposes only. It is important to do your own research and analyzes before making important decisions related to one of the products or services described. This article is not intended to be and should not be interpreted as a financial advice. The opinions and opinions expressed in this article are the possessions (of the company) of the author and do not necessarily reflect those of CoinmarketCap. “”
