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- 🔐 Unlocking key crypto market insights (July 3-10)
🔐 Unlocking key crypto market insights (July 3-10)
Stay tuned for important events in the coming week and don't miss tokens launches and unlocks, crypto and NFT airdrops.
buidlbee make it with crypto
July 03, 2023
Howdy there, crypto fam! We hope you had a relaxing weekend and are ready to conquer the market with the buidlbee team! We've got a week's worth of important events, so you can be sure that nothing interesting will pass you by. In today's letter, you will find out about:
A strange story - watch the growth of BCH and wonder together;
Changes in the NFT market;
Why the SEC ETF rejection isn't a rejection at all (good news);
List of important crypto events for July 3-10;
Tokens launches and unlocks;
cryptocurrency and NFT airdrops and freebies.
Briefly about major recent news:
Twitter began to malfunction on July 1, after which Elon Musk announced temporary restrictions for readers to reduce the load on the system.
The Bittrex Exchange filed a motion to dismiss the SEC's complaint: crypto assets trading on secondary markets are not securities; the SEC lacks authority in this area under the Major Questions Doctrine; the SEC has failed to provide fair notice of its claims in violation of Due Process.
The hacker exploited vulnerabilities to exploit the Poly Network platform and then minted tokens from BNB, BUSD, SHIB, and many other altcoins worth $42 billion. Metis DAO said that the issued tokens are worthless because they are not backed by the necessary liquidity. The platform has suspended its work.
Azuki DAO's governance token contract (bean) has been exploited due to a contract vulnerability. Two attackers were able to make a profit of 35 ETH.
😎 The ETF story continues
All last week was marked by euphoria over the arrival of the supergiant Blackrock, which was about to launch the first spot bitcoin ETF. The news sent the BTC price soaring to $31k, but an SEC announcement late in the week about the inadequacy of that ETF application briefly brought the market down to $29k.
Nevertheless, we don't think it's bad news, and here's why:
Last time, the SEC responded to spot BTC-ETF filings in 240 days. Now they have responded within one week.
In the past, it was always a categorical denial; now the response emphasizes exactly where the problem is (a kind of "invitation" to make corrections). Moreover, the text of the response from the SEC ends with an explicit call to resubmit applications in light of the problems found.
Fidelity and Blackrock have already edited their filings and resubmitted them, taking into account all the new requirements.
As a result, here's a fresh opinion from analysts: the SEC will have a hard time saying no this time, and the likelihood of approving the fund's launch is quite high, brokerage firm Bernstein said in a research report Monday.
⁉ A strange story with BCH
Last week, we saw a strange growth in Bitcoin Cash (BCH), the reasons for which were quite difficult to find. In two weeks, it grew by about 200%. It caused a lot of confusion, but it looks like the real reason for this rally is finally known.
The Celsius Bankrupt team reported that they accidentally converted all of their altcoins to Bitcoin Cash instead of Bitcoin. One news site even posted this news in the Comedy section. It's pretty hard to see how this bankrupt giant could have made such a mistake in withdrawing financial balances. It will be interesting to see what will happen to balances since BCH has already collapsed in value — is this some kind of double bankruptcy coming out?
😲 New statistics for NFT
Interesting situation on the NFT market: according to the latest statistics, Solana, for the first time, takes the first place in terms of the number of NFT sales. So far, it's hard to say the reason for this; before this, Solana was always in 2nd or 3rd place alternately.
So, Solana is now in first place, Ethereum is second, and BTC Ordinals are third.
⚓ Major crypto events (July 3-10)
July 3
July 5
July 6
There will be data from ADP analysts on U.S. employment and the JOLT report on unfilled jobs.
Idena Jarrett hard fork.
July 7
Nonfarm payrolls in the U.S. report. Growth is expected.
Honeyland land mint (NFT).
WebDollar (WEBD) block reward halving.
Omnisea OWLPASS NFT public sale.
July 9
World Mobile Token early staking snapshot.
🔓 Tokens unlock
July 4
dYdX (DYDX) - 6.52M (3.87% of total supply).
Jul 6
Tornado Cash (TORN) - 22.84k (1.51% of total supply). Note that all official websites of Tornado Cash are shut down.
July 7
Hashflow (HFT) - 3.23M tokens (3.23% of total supply).
July 8
Nym (NYM) - 12.50M tokens (2.64% of total supply).
🏁 Token launchpads
July 5
WOW Casino (WOW) is a virtual casino and casual games arcade built on the ISKRA platform with Klaytn blockchain technology. 1,000,000 tokens will be available on the Iskra platform.
July 10
DexCheck (DCK) offers AI-powered analytics for crypto and NFT trading. There will be 15,000,000 tokens available on the Enjinstarter Launchpad. Registration starts on July 7.
🆓 Crypto and NFT freebies
July 3
July 7
Hydranet snapshot before HDN airdrop.
We hope our carefully selected information has been helpful to you! Stay tuned, brothers and sisters. There's another interesting letter waiting for you tomorrow 🧐
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