The Block
The distribution of bitcoin options open interest shows demand for downside protection, analysts said.The implied volatility of short-dated bitcoin options suggests an anticipation of near-term price volatility, the analysts added.
Quick Take The Block has confirmed that Taiwan’s central bank governor will present a CBDC research report in parliament on Wednesday. The central bank started to research a potential central bank digital currency in 2019.
The German government transferred 250 bitcoins to Bitstamp and 250 bitcoins to Coinbase.An additional 500 bitcoins were transferred to an unlabelled address.
Quick Take $1 million will soon be up for grabs for developers looking for bugs in the first version of Firedancer, an independent Solana validator client built by Jump Crypto. The six-week bug bounty program for Firedancer v0.1, nicknamed “Frankendancer,” will begin on July 10.
Quick Take Celo has successfully launched its Dango Layer 2 testnet, built on Optimism’s OP Stack. Following a vote last summer, Celo plans to transform its Layer 1 blockchain into an Ethereum Layer 2 network, and the successful testnet launch marks the first major step.
Throughout the rest of July, several important projects in the crypto sphere will unlock hundreds of millions of dollars of tokens, from Worldcoin and Aptos to Layer 2 chains like Arbitrum and even a Layer 3 chain, Xai.Here are all the unlocks crypto investors should know about in July, according to Token Unlocks data.
Quick Take William Lonergan Hill, also known as TDev, has been granted bail by the U.S. government, according to a recent court filing. Hill, one of two founders of Samourai Wallet, which included a mixing feature that helped anonymize bitcoin transactions, was arrested in April on federal charges related to money laundering. Hill’s first court appearance is scheduled for this upcoming week, and according to the filing, Hill plans on contesting the charges.
Quick Take Tron founder Justin Sun has announced plans to develop a stablecoin which users can transfer without paying gas fees. The stablecoin will launch on the Tron blockchain by Q4, according to Sun, with other EVM-compatible chains and Ethereum to follow.
After two consecutive trading days of net outflows, US-based spot bitcoin ETFs on July 5 saw the largest net inflows since June 6, thirty days ago, largely led by gains to Fidelity’s FBTC fund, Coinglass data shows.“The outlook for Bitcoin has never been stronger,” Bitwise’s CEO posted on X.
The debut of Bitcoin ETFs helped push the world’s largest cryptocurrency to new all-time highs this year.The U.S. presidential election continues to shake the market as Donald Trump embraces crypto while Joe Biden remains in limbo.Below is a brief recap of the market’s major milestones of 2024 and a glimpse at what’s ahead before the year ends.
