Author: CryptooTimes
Notably, the bitcoin-rupee (BTC/INR) pair has declined by 11% to 5.1 million rupees ($60,945), trading at a massive discount to prices on rival exchange CoinDCX, where the cryptocurrency changed hands at 5.7 million rupees. BTC’s global average dollar-denominated price traded 1% higher on the day at $61,800. The largest cryptocurrency by market value is priced around $64,900 according to CoinDesk Indices data.
Layer 2 blockchain Polygon is set to migrate its MATIC token to POL as a part of its upgrade to Polygon 2.0. According to a July 18 X post from the Polygon Foundation, the upgrade will commence on September 4. Initially, POL will replace MATIC as the primary token for gas payments and the staking token for its proof-of-stake (PoS) consensus. Over the long haul, the token would “serve a crucial role in the AggLayer,” Polygon’s growing network of aggregated blockchains. “The current community consensus proposes that POL will support broader roles in the Polygon staking hub (to be released…
Bitcoin practically reclaims the short-term holder realized price, bringing with it both their breakeven point and the odds of significant BTC price upside.
President Joe Biden said during an interview that if a medical condition emerged, he’d consider dropping out of the race.
Solana-to-Bitcoin cross-chain bridge Zeus Network’s native token ZEUS experienced a notable price surge, increasing by 19% in a single day to $0.2931. At the time of writing, the ZEUS was still up 11.6% in the last 24 hours, trading at $0.2705 per data from crypto.news. In the same time period, the crypto asset’s trading volume hovered around $15.5 million. The cryptocurrency has also jumped 59% over the past week. ZEUS price chart | Source: TradingView Moreover, ZEUS’s market cap had also surged to $45.4 million. However, the token’s price is still down 75% from its all-time high of $1.11 reached…
The “next leg” could push Bitcoin’s price as high as $110,000 as the cycle low has kicked in, according to several crypto traders.
4. Pyth, a blockchain oracle protocol, has officially launched its newest product, Express Relay, on mainnet, according to the team: “The launch introduces a novel decentralized solution to the long-standing problem of MEV in processing liquidations and market-efficiency enhancing transactions in DeFi – once thought to be an inevitable characteristic of on-chain finance. The primitive connects DeFi protocols directly with a network of established searchers through protocol-controlled auctions for events like liquidations. Searchers who have already integrated include Flow Traders, Wintermute, Auros, Flowdesk, Caladan, Tokka Labs and Swaap Finance.”
Valour, a subsidiary of DeFi Technologies, has launched the world’s first exchange-traded product (ETP) for Near Protocol. This launch comes at a time of increased interest in cryptocurrency assets, particularly following the debut of spot Bitcoin ETFs in the US in January. The new ETP is expected to bring significant attention to Near Protocol (NEAR) which is currently among the top 20 cryptocurrency with a market capitalization of $6.6 billion. Valour unveils new ETP for NEAR In announcement on Wednesday, the digital assets investment products provider said that the new ETP, Valour Near (NEAR), will be available to both retail…
Anthropic and Menlo Ventures have launched the “Anthology Fund” to back innovative early-stage AI companies.
“There is a growing push within the crypto space to become more politically active, and favor political parties and candidates almost entirely on whether or not they are willing to be lenient and friendly to ‘crypto,'” Buterin added. “In this post, I argue against this trend, and in particular I argue that making decisions in this way carries a high risk of going against the values that brought you into the crypto space in the first place.”
