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Daily #Web3 Market

Writer's picture: AbiAbi

4 Jul 2024


Market in wait-and-see mode as Bitcoin volumes stagnate

Tracking and analyzing transfer volumes is crucial for understanding the underlying economic activity within the Bitcoin network. Spikes in transfer volumes show heightened market participation, either from new entrants and institutional investors — usually during bull runs — or significant transactions by existing participants — usually during downturns. Read more


Bitcoin price trends post-halving: Historical data points to cyclical surges

Bitcoin's price performance following each halving reflects notable trends in the market, with historical data indicating cyclical surges post-halving events. Read more


Crypto VC investment ‘continued rebound’ in Q2 with $3.2 billion invested – Galaxy

Venture capital investments in crypto continued to rebound in the second quarter, with a total $3.2 billion invested during the period, marking a 28% increase from the previous quarter. Read more


Low Bitcoin volatility marks potential market maturation amid steady prices

Realized volatility is the standard deviation of returns from the mean return of a market. Low realized volatility in Bitcoin suggests potential market maturation amid steady prices. Read more


UAE banks signal digital asset demand with Taurus, Zand collaboration

Traditional financial institutions in the UAE, like banks, are eager to launch digital asset services. This follows a new partnership between Swiss crypto firm Taurus and Zand, the UAE’s first digital bank. Read more


The Case for Crypto Index Funds

Crypto index funds, ranging from $1 million to several hundred million dollars in assets under management, make sense to investors due to their diversified exposure to the cryptocurrency market. Read more


Bitcoin Losing $60K Handle May Trigger Wave of ETF Liquidations: Analyst

Bitcoin has already dropped 14% in four weeks, and losing the $60K handle may trigger a wave of ETF liquidations. Read more


TradFi Liquidity Stress Indicator Surges. What Does It Mean for BTC?

The secured overnight financing rate surged, indicating liquidity stress in the U.S. banking system, which may have implications for Bitcoin. Read more


Indian Crypto Exchange CoinDCX Acquires BitOasis to Enter Middle East

Indian crypto exchange CoinDCX has acquired BitOasis to boost its plans to expand its presence across the Middle East. Read more


Pre-ETF Ether Options Trend Mirrors BTC Except for One Key Difference

Ether options are showing trends similar to Bitcoin ahead of ETF launches, with a key difference in market behavior. Read more


Mantra to Tokenize $500M Real Estate Assets for UAE Builder MAG Group

Mantra will tokenize $500 million of real estate assets in several tranches for UAE builder MAG Group. Read more


Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody

The Monetary Authority of Singapore has approved Paxos for stablecoin issuance, with DBS providing custody. Read more


These Hot Crypto Tokens Beat Bitcoin Gains in Q2. Here’s What Drove Prices and What’s Next

Several crypto tokens outperformed Bitcoin in Q2, driven by various market factors. Read more


Ether Spot ETFs to See Up to $5B of Net Inflows in First Six Months: Gemini

Strong inflows into spot Ether ETFs could spark a catch-up trade as Ether’s market value relative to Bitcoin is close to multiyear lows. Read more


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