Market Updates

We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC & ETH updates, recent investments, developments of exciting new projects, and other relevant topics. 

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We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC &amp; ETH updates, recent investments, developments of exciting new projects, and other relevant topics. 
 
Here is everything you need to know from September 18th to September 22nd.

<h2 class="customH2" style="line-height:1.38;background-color:rgb(255, 255, 255);">📈  Weekly BTC and ETH Overview</h2>

This past week Bitcoin and Ethereum, along with other cryptocurrencies, have witnessed more volatility due to the FED rate decision, which was made on the 20th of September. Closing the week, Bitcoin still fails to break the resistance price and get closer to the crucial $30K mark. Ethereum, on the other hand, despite having a shaky week, is showing more signs of bullish behavior after the FED announcement but dropped below $1.6K at the end of this week. 

BTC is trading at $26.6K when writing, down 0.97% in the last 24 hours. Similarly, ETH is trading at $1.59K, down 1.33% in the previous 24 hours.

<h2 class="customH2" style="line-height:1.38;">🗞️ Recent Market News</h2>

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	<li style="list-style-type:disc;">
Optimism to sell OP tokens worth $156M in upcoming private sale. According to recent reports, the team will sell the tokens to anonymous buyers to manage the treasury. Read more <a href="https://www.binance.com/en/feed/post/1183988" style="text-decoration:none;">here.</a> 
	 
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Grayscale files for a new ETF that will track ETH futures. After the recent win over the U.S. SEC, Grayscale filed for a new ETF to track ether futures. Read more <a href="https://www.theblock.co/post/251968/grayscale-investments-ether-etf" style="text-decoration:none;">here.</a> 
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<h2 class="customH2" style="line-height:1.38;margin-bottom:11px;">🚀 Project Updates</h2>

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Circle launches a native version of USDC on the Polkadot Asset Hub. Polkadot USDC is now accessible to developers and users, enabling seamless transfers to Polkadot's parachains via the XCM protocol facilitated by Circle Account and Circle APIs. Read more <a href="https://cointelegraph.com/news/circle-launches-usdc-stablecoin-polkadot-asset-hub" style="text-decoration:none;">here.</a> 
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Biconomy launches its Smart Accounts Platform, enabling dApp, wallets, and app-chain developers to better UX tools. This development allows the team to evolve the wallet layer into a platform. Read more <a href="https://x.com/biconomy/status/1704499673065566443?s=20" style="text-decoration:none;">here</a>. 
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Injective announces launch of first ever native “.inj” domains with SPACE ID. Pre-registration for the domain is now open, and soon users will be able to own their first native INJ domain name to use across wallets, websites, dApps, and more across the Injective ecosystem. Read more <a href="https://blog.injective.com/inj-domain-name-pre-registration-rules/#:~:text=Injective%20is%20launching%20the%20first,your%20personalized%20INJ%20domain%20names." style="text-decoration:none;">here.</a> 
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<h2 class="customH2" style="line-height:1.38;margin-bottom:11px;">🔍 More Stories</h2>

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Thailand to tax crypto income from abroad. Previously, only foreign income transferred to Thailand in the same year it was earned was subject to taxation. The new rule requires individuals to report all foreign income, regardless of whether it was intended for use in the local economy. Read more <a href="https://cointelegraph.com/news/crypto-thailand-tax-overseas-income" style="text-decoration:none;">here.</a>
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Market Update September 18th to September 22nd 

We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space.

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We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC &amp; ETH updates, recent investments, developments of exciting new projects, and other relevant topics.  
 
Here is everything you need to know from August 28th to September 1st. 
 

<h2 class="customH2" style="line-height:1.38;">📈  Weekly BTC and ETH Overview</h2>

After the Grayscale victory against the SEC, Bitcoin experienced a notable price surge rebounding strongly from a crucial support level. Nonetheless, there is still potential for a bearish price drop if the price stays below the 200-day moving average. For Ethereum, this week, the price reached the pivotal $1,750 threshold but ultimately struggled to sustain that position, encountering significant downside rejection. Analysts suspect that if ETH breaches the immediate $1,650 support level, it could pave the way for a more substantial decline toward the $1,400 region.

BTC is trading at $26.06K when writing, down 4.23% in the last 24 hours. Similarly, ETH is trading at $1.64K, down 3.6% in the previous 24 hours. 
 

<h2 class="customH2" style="line-height:1.38;">🗞️ Top Market News</h2>

<ul>
	<li style="list-style-type:disc;">
Grayscale Secures Significant Legal Victory Against the SEC. Regulators must review Bitcoin ETF application, undermining the agency’s longstanding opposition to the concept. The news also led to crypto prices surging over the past week, showing more bullish behavior. Read more <a href="https://www.forbes.com/sites/digital-assets/2023/08/29/grayscale-wins-court-battle-against-sec-regulator-must-review-bitcoin-etf-application/" style="text-decoration:none;">here</a>. 
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Binance to Cease BUSD Support by 2024. After the regulatory clampdown from Paxos halting stablecoin mints, the crypto giant decided to cease support as of early next year. Token withdrawals and deposits on the Ethereum network will be supported until further notice. Read more <a href="https://cryptopotato.com/binance-to-discontinue-busd-support-in-q1-2024/#:~:text=Crypto%20exchange%20giant%20Binance%20will,listed%20on%20the%20Binance%20platform." style="text-decoration:none;">here.</a> 
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</ul>

<h2 class="customH2" style="line-height:1.8;margin-bottom:11px;">🚀 New Project Developments</h2>

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	<li style="list-style-type:disc;">
Injective Unveils Helix Institutional Launch. The launch marks the start of a portal built entirely for financial organizations. The platform will enable trading derivatives, Real-world Assets (RWAs), and other indices. Read more <a href="https://blog.injective.com/helix-institutional-launch/" style="text-decoration:none;">here.</a> 
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OpenSea Introduces Open Standard for Redeemable NFTs. The move simplifies the creation, discovery, exchange, and redemption of NFTs on-chain (NFT to NFT) and off-chain (NFT to real-world items, services, or experiences) within the OpenSea platform. 
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<h2 class="customH2" style="line-height:1.8;margin-bottom:11px;">🔍 More Featured Stories…</h2>

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Twitter (X) Attains Necessary License for Crypto Payment Integration. The license will allow the platform to process crypto payments within the US. X will also be able to maintain control of virtual currency and transactions in virtual currency. Read more <a href="https://cryptonews.com/news/elon-musks-x-social-media-platform-acquires-crypto-payments-license.htm" style="text-decoration:none;">here.</a>
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Latest Market Updates

We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. Here is everything you need to know for the week of August 12th to 18th. 

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We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC &amp; ETH updates, recent investments, developments of exciting new projects, and other relevant topics.  
 
Here is everything you need to know from August 12th to August 18th

<h2 class="customH2" style="line-height:1.38;">📈  Weekly BTC and ETH Overview</h2>

The market looks rather grim at the end of this week, with Bitcoin dropping to $25K $1 billion triggered in liquidations. With the price at a new two-month low, reaching the $30K critical resistance level looks less hopeful. After seeing more red in the past week, Bitcoin currently stands at a tipping point where it might be unable to push to $30K if market participation remains low. Analysts say if BTC cannot break through $28K soon, it might decline below $25K. Similarly, Despite seeing a significant decline in the last few days, Ethereum, on the other hand, has been seeing more stagnant movements in the past weeks. Analysts predict a slight rebound could occur if it can rebound and break past the $1.8K. 
 
Bitcoin has not traded this low since the SEC sued Binance and Coinbase. At the moment, many are unsure if the FED will raise rates again and the long-term impact of SpaceX selling its remainder of BTC holdings, writing down its value from last year to $373 million. 
 
BTC is trading at $26.4K when writing, down 7.41% in the last 24 hours. Similarly, ETH is trading at $1.6K, down 6.19% in the previous 24 hours. 

<h2 class="customH2" style="line-height:1.38;">🗞️ Top Market News</h2>

<ul>
	<li style="list-style-type:disc;">
Genesis and FTX reach a $175 million settlement. To avoid costly litigation, the two agreed on a settlement where Genesis has agreed to pay Alameda Research and wave its claims against the FTX estate. Read more <a href="https://fortune.com/crypto/2023/08/17/ftx-genesis-bankruptcy-settlement-john-ray-dcg/" style="text-decoration:none;">here.</a> 
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Celsius is shutting down its app in 90 days. The firm plans to provide creditors with significant recoveries in Bitcoin, which is projected to be around $2.03 billion. Since declaring bankruptcy, the company decided to shut down the app in a wider effort to streamline operations, optimize distribution mechanics, and enhance user experience. Read more <a href="https://coinedition.com/celsius-app-to-shut-down-firm-identifies-paypal-for-btc-distribution/" style="text-decoration:none;">here.</a> 
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	<li style="list-style-type:disc;">
A16z and Paradigm file a joint amicus brief supporting Coinbase in the battle against SEC. Both say they are concerned about the SEC's potential overreach in the crypto industry. Many crypto firms agree that regulatory action is needed but should come from the U.S. Congress, not the SEC. Read more <a href="https://www.theblock.co/post/244562/paradigm-a16z-file-brief-supporting-coinbase-in-battle-with-sec" style="text-decoration:none;">here.</a> 
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</ul>

<h2 class="customH2" style="line-height:1.8;margin-bottom:11px;">🚀 New Project Developments</h2>

<ul>
	<li style="list-style-type:disc;">
Humans.ai blockchain to be used at the Emirate of Ras Al Khaimah, UAE. The partnership between the two will elevate the usage of AI within the UAE and act as a strategic tool for AI-centric companies within the region. Read more <a href="https://medium.com/humansdotai/humans-ais-blockchain-will-be-used-in-the-emirate-of-ras-al-khaimah-uae-44dd82f2ed96" style="text-decoration:none;">here.</a> 
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Injective announces token burn upgrade. Being the project's largest tokenomics upgrade to date, the token will be able to burn more native $INJ weekly. Projects built on Injective’s blockchain can contribute to the $INJ burn auction with no limit. Read more <a href="https://blog.injective.com/inj-burn-2-0/" style="text-decoration:none;">here.</a> 
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Polygon Labs announces partnership with South Korean SK Telecom. The partnership aims to develop web3 ecosystems and identify promising startups for incubation. The two want to boost the web3 ecosystem within South Korea, hoping it will boost the economy further. Read more <a href="https://watcher.guru/news/matic-polygon-labs-partners-with-south-koreas-sk-telecom" style="text-decoration:none;">here.</a>  
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<h2 class="customH2" style="line-height:1.8;margin-bottom:11px;">🔍 More Featured Stories…</h2>

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FC Barcelona raised $132 million for its blockchain and NFT initiatives. Through selling 29% of Barca Vision, the club's initiatives to integrate all digital content around Web3, blockchain, NFTs, and the Metaverse – the club was able to secure funding from private investors to develop the club's web3 strategy further. Read more <a href="https://www.fcbarcelona.com/en/news/3626270/fc-barcelona-official-announcement" style="text-decoration:none;">here.</a>
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We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC &amp; ETH updates, recent investments, developments of exciting new projects, and other relevant topics.  
 
Here is everything you need to know from August 7th to August 11th

<h2 class="customH2" style="line-height:1.38;">📈  Weekly BTC and ETH Overview</h2>

The price of Bitcoin has been showing minimal volatility, indicating a period of uncertainty within the market. The price behavior within the $30K might indicate the potential future price movement of Bitcoin. Similarly, Ethereum has been rejecting the critical $2K level, putting it on a decline ever since. Analysts say the price could continue to drop to $1.4K or rally back to $2K in the upcoming weeks. Furthermore, with July CPI reports showing a 3.2% increase from a year ago, which is lower than expected – analysts say the market might start to pick up again.  
 
When writing, BTC is trading at $29.38K, down 0.32% in the last 24 hours. Similarly, ETH is trading at $1.84K, down 0.12% in the previous 24 hours. 
 

<h2 class="customH2" style="line-height:1.38;">🗞️ Top Market News</h2>

<ul>
	<li style="list-style-type:disc;">
PayPal launches dollar-backed stablecoin. Since the announcement, the crypto stablecoin Pay USD (PUSD) launch has increased shares. PayPal USD will be 1:1 with the dollar and compatible for transfer with external crypto wallets. Read more <a href="https://www.cnbc.com/2023/08/10/paypal-launches-its-own-dollar-backed-stablecoin.html" style="text-decoration:none;">here.</a> 
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	<li style="list-style-type:disc;">
SEC appeals judgment in the case against Ripple. In the recent ruling, the judge declared Ripple’s direct XRP sales to institutional investors violate securities laws, while sales to retail investors through exchanges did not. Read more <a href="https://www.coindesk.com/policy/2023/08/09/sec-will-appeal-xrp-ruling-in-case-against-ripple-regulator-says/" style="text-decoration:none;">here.</a> 
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<h2 class="customH2" style="line-height:1.8;margin-bottom:11px;">🚀 New Project Developments</h2>

<ul>
	<li style="list-style-type:disc;">
	L1 Digital raises $152M for its second VC fund. With currently $400M AUM, the Zurich-based investment advisor raises another $152M to start its second VC fund focused on investing in crypto projects and crypto VC funds. Read more <a href="https://www.coindesk.com/business/2023/08/08/multicoin-backer-l1-digital-raises-152m-for-second-crypto-vc-fund/" style="text-decoration:none;">here.</a> 
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Coinbase's “Base” launches its public Mainnet. The launch introduced users to 100 new dapps and several service providers. It reached $150M in TVL on the L2 network and aims to decrease transaction costs compared to Ethereum and increase transaction pace. Read more <a href="https://crypto.news/coinbases-base-mainnet-launches-to-public/" style="text-decoration:none;">here.</a> 
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Microsoft and Aptos Labs announced a partnership on AI Blockchain solutions. The Aptos token surged about 15% since the announcement was made. The partnership is looking to combine Aptos and Microsoft solutions to create a chatbot, AI Assistants, and resources for ecosystem builders. Read more <a href="https://www.coindesk.com/web3/2023/08/09/microsoft-and-aptos-labs-partner-on-new-ai-blockchain-solutions/" style="text-decoration:none;">here.</a>
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</ul>

<h2 class="customH2" style="line-height:1.8;margin-bottom:11px;">🔍 More Featured Stories…</h2>

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	France is closer to implementing MiCa for crypto companies. The country has enhanced regulations for crypto firms said to take effect on January 2024. Read more <a href="https://www.coindesk.com/policy/2023/08/10/france-steps-closer-to-implementing-mica-for-crypto-firms/?outputType=amp" style="text-decoration:none;">here.</a> 
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We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC &amp; ETH updates, recent investments, developments of exciting new projects, and other relevant topics.  
 
Here is everything you need to know from July 29th to August 4th

<h2 class="customH2" style="line-height:1.38;margin-top:24px;margin-bottom:8px;">📈  Weekly BTC and ETH Overview</h2>

During the middle of July, Bitcoin made several attempts to surpass the crucial resistance level at $30K. Despite its persistent efforts, the cryptocurrency could not break through and instead experienced a decline toward the 100-day moving average.

However, the price of Bitcoin is confined within a critical range, signifying a potential turning point. If a breakout occurs, it could catalyze a significant price movement with notable implications for the market. Similarly, Ethereum has been unable to surpass $2K, indicating a lack of demand. 
When writing, BTC is trading at $29.13K, down 0.07% in the last 24 hours. Similarly, ETH is trading at $1.83K, down 0.15% in the previous 24 hours. 

<h3 class="customH3" style="line-height:1.38;margin-top:21px;margin-bottom:5px;">🗞️ Top Market News</h3>

<ul>
	<li style="list-style-type:disc;">
	MicroStrategy acquired another 467 BTC for $14.4M, now holding 152,800 BTC. Michael Saylor reported $22.2M in net income, bringing them back into the black. In the quarterly financial results, MicroStrategy's CFO stated: “Our bitcoin holdings increased to 152,800 bitcoins as of July 31, 2023, with the addition in the second quarter of 12,333 bitcoins being the largest increase in a single quarter since Q2 2021” Read more <a href="https://cointelegraph.com/news/microstrategy-earnings-profit-second-quarter-bitcoin" style="text-decoration:none;">here.</a>  
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	US Department Of Justice to consider fraud charges against Binance. Officials are worried an indictment could jeopardize the crypto sector and are weighing alternatives to the charges, such as fines and non-prosecution agreements. Read more <a href="https://www.coindesk.com/markets/2023/08/03/first-mover-americas-justice-department-may-charge-binance-with-fraud-report/#:~:text=Crypto%20exchange%20Binance%20could%20face,people%20familiar%20with%20the%20matter." style="text-decoration:none;">here.</a>
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<h3 class="customH3" style="line-height:1.8;margin-top:21px;margin-bottom:11px;">🚀 New Project Developments</h3>

<ul>
	<li style="list-style-type:disc;">
	Solv Protocol raises $6M in new funding. The decentralized liquidity infrastructure closed its round led by Laser Digital and Nomura. Other investors included UOB Venture Management, Mirana Ventures, and more. The project will enable businesses to create, use, and sell financial products to raise money. Read more <a href="https://www.cryptotimes.io/solv-protocol-raises-6-million-funding-from-nomura/#:~:text=The%20decentralized%20liquidity%20infrastructure%20provided,financial%20products%20to%20raise%20money.&amp;text=On%2DChain%20fund%20platform%20Solv,a%20subsidiary%20of%20Nomura%20Securities." style="text-decoration:none;">here.</a>
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	Curve Founder raises $42.4M to pay off $80M on-chain debt. Curve founder is almost halfway to paying off his $80M debt in a new round of over-the-counter sales. Read more <a href="https://www.coindesk.com/business/2023/08/03/curve-founder-still-owes-80m-despite-raising-nearly-30m-in-past-two-days/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines" style="text-decoration:none;">here</a>
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<ul>
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	Polygon zkEVM reaches 100K transactions in a day for the first time. The infrastructure is continuously expanding and sees strong results from its growth efforts. Lower gas fees, faster transactions, and EVM smart-contract compatibility has allowed Polygon to reach new heights. Read more <a href="https://cryptorank.io/news/feed/e407d-polygon-zkevm-hits-100k-transactions-in-a-day-for-the-first-time" style="text-decoration:none;">here.</a>
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<h4 class="customH4" style="line-height:1.8;margin-top:19px;margin-bottom:11px;">🔍 More Featured Stories…</h4>

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	KPMG report endorses Bitcoin as an environmentally friendly investment. The report states that mining emissions are relatively low compared to other human activities, this compares emissions to other industries such as travel, fashion, and gold mining. Read more <a href="https://www.coinspeaker.com/kpmg-bitcoin-mining-greener/#:~:text=KPMG%20notes%20that%20Bitcoin%20mining,gold%20mining%20(100%20MtCO2e)." style="text-decoration:none;">here.</a>
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Weekly Market News - July 29th to August 4th

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We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC &amp; ETH updates, recent investments, developments of exciting new projects, and other relevant topics. 

 
Here is everything you need to know from July 22nd to July 28th

<h2 class="customH2" style="line-height:1.38;margin-top:24px;margin-bottom:8px;">
📈  Weekly BTC and ETH Overview
</h2>

The Federal Reserve raises federal funds rates by 25bps to keep a hold on inflation amidst moderate economic growth. Though Bitcoin didn’t see any major fluctuations during the week, some analysts suggest keeping an eye on the price rate increases might cause some negative sentiment in the market given the recent consolidation and price average of around $29K to $30K. Analysts state if BTC continues to fall under $30K, there might be a temporary tip back down to $27.5K. Ethereum sees similar struggles as it still fights to go above the resistance level of $2K.  
 
When writing, BTC is trading at $29.17K, down 0.90% in the last 24 hours. Similarly, ETH is trading at $1.86K, down 0.54% in the previous 24 hours. 

<h2 class="customH2" style="line-height:1.38;margin-top:21px;margin-bottom:5px;">🗞️ Top Market News</h2>

<ul>
	<li style="list-style-type:disc;">
US Government sells another 8.2K in Bitcoin, confirmed by on-chain data. In efforts to rid itself of BTC connected to Silk Road, the US Government continues to sell its BTC connected to the darknet marketplace. Read more <a href="https://cryptopotato.com/us-government-sells-another-8200-bitcoin-on-chain-data-confirms/" style="text-decoration:none;">here.</a> 
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Coinbase announces shutdown of lending platform in the next months. The exchange will discontinue Coinbase Borrow, after being targeted by the SEC in the last weeks. The decision was made to better align with customer preferences and demands. Read more <a href="https://en.bitcoinsistemi.com/coinbase-to-shut-down-lending-platform-in-the-coming-months/" style="text-decoration:none;">here.</a>
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<h2 class="customH2" style="line-height:1.8;margin-top:21px;margin-bottom:11px;">🚀 New Project Developments</h2>

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	<li style="list-style-type:disc;">
	Avalanche Foundation launches $50M Asset Tokenization Initiative - Avalanche Vista. The new program is designed to support and demonstrate the value of tokenizing a wide range of asset classes. Read more <a href="https://decrypt.co/149978/avalanche-foundation-launches-50m-asset-tokenization-initiative" style="text-decoration:none;">here.</a>
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PancakeSwap expands to zkSync Era Network. The DEX is now available on five blockchains, meaning it can expand its user base and increase protocol revenue. Read more <a href="https://www.coindesk.com/tech/2023/07/27/pancakeswap-expands-to-zksync-era-network/" style="text-decoration:none;">here.</a> 
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Flashbots raises $60 million, officially making it a unicorn. The infrastructure project built on Ethereum raises $60 million, bringing its valuation up to $1 billion. Read more <a href="https://www.theblock.co/post/241327/flashbots-becomes-unicorn-after-completing-60-million-raise" style="text-decoration:none;">here.</a>
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<h2 class="customH2" style="line-height:1.8;margin-top:19px;margin-bottom:11px;">🔍 More Featured Stories…</h2>

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Twitter is now “X”. The rebrand is another step in the ongoing transformation of Twitter after being acquired by X brand. Read more <a href="https://www.cbsnews.com/news/twitter-rebrand-x-name-change-elon-musk-what-it-means/" style="text-decoration:none;">here. </a> 
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EU Stablecoin Issuers with bank assets in reserve will get extra regulation. The EU is consulting on a new MiCA regulation that states tokens are centrally supervised with additional capital requirements. Read more <a href="https://www.coindesk.com/policy/2023/07/24/eu-stablecoin-issuers-with-bank-assets-in-reserve-will-get-extra-regulation-eba-draft-says/" style="text-decoration:none;">here.</a>
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Weekly Market News -July 22nd to July 28th

Every week we compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. Here's what you need to know for this week.

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 We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC &amp; ETH updates, recent investments, developments of exciting new projects, and other relevant topics. 

Here is everything you need to know from July 15th to July 21st

<h2 class="customH2" style="line-height:1.38;margin-top:24px;margin-bottom:8px;">📈  Weekly BTC and ETH Overview</h2>

Lately, the market has experienced a period of relative calm, with Bitcoin and Ethereum displaying minor fluctuations but no definitive trend.

As uncertainty prevails, traders find themselves perplexed about the future direction of Bitcoin's price. Yet, a potential bullish scenario could unfold if the $30K resistance level is surpassed, potentially paving the way for a long-term uptrend. Similar sentiment reins across Ethereum, as many are waiting for the $2K break. 

When writing, BTC is trading at $29.8K, down 1.48%% in the last 24 hours. Similarly, ETH is trading at $1.89K, down 1.29% in the previous 24 hours. 

<h3 class="customH3" style="line-height:1.38;margin-top:21px;margin-bottom:5px;">🗞️ Top Market News</h3>

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	The SEC formally accepts to review the spot BTC-ETF applications of BlackRock, Fidelity and other funds. This is the first step in the agency’s process for deciding to approve the latest round of approvals. Read more <a href="https://www.reuters.com/technology/us-sec-accepts-six-spot-bitcoin-etf-proposals-review-2023-07-19/" style="text-decoration:none;">here.</a>
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	Nasdaq pauses crypto custody plans due to US regulatory environment. Nasdaq had plans to offer custody services for Bitcoin (BTC) and Ethereum (ETH), and potentially other cryptocurrencies, but CEO Adena Friedman announced during a Q2 earnings call that the project had been put on hold. Read more <a href="https://news.bitcoin.com/nasdaq-halts-crypto-custody-plans-amid-tough-us-regulatory-environment/" style="text-decoration:none;">here.</a>
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<h3 class="customH3" style="line-height:1.8;margin-top:21px;margin-bottom:11px;">🚀 New Project Developments</h3>

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	Binance has completed the integration of Bitcoin (BTC) on the Lightning Network. Binance customers can withdraw and deposit funds via the solution after network congestion resulted in significant increase in average transaction fees. Read more <a href="https://decrypt.co/148838/crypto-exchange-binance-finalizes-bitcoin-lightning-network-integration" style="text-decoration:none;">here.</a>
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	The Chainlink Cross-Chain Interoperability Protocol (CCIP) launched on Avalanche, Ethereum, Optimism, and Polygon mainnets. Aimed at providing interoperability between traditional financial firms and both public and private blockchains the cross-chain protocol has gone live across various mainnets. Read more <a href="https://cointelegraph.com/news/chainlink-launches-cross-chain-protocol-ccip-ethereum-blockchain-mainnet" style="text-decoration:none;">here.</a>
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	Polychain Capital raises $200M for fourth fund. The chain has raised half of the panned $400M investment fund. Read more <a href="https://www.theblock.co/post/240369/polychain-capital-raises-200-million-for-fourth-fund-fortune" style="text-decoration:none;">here.</a>
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<h4 class="customH4" style="line-height:1.8;margin-top:19px;margin-bottom:11px;">🔍 More Featured Stories…</h4>

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	G20 issue 9 regulatory recommendations to rein in the crypto industry. After last year’s issues with Terra and FTX the G20 body said its going to make efforts to tackle these issues and set out nine top-level recommendations. Read more <a href="https://finance.yahoo.com/news/g20-body-issues-9-regulatory-140014833.html" style="text-decoration:none;">here.</a>
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