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πŸ¦ŽπŸš€ Release the Kraken! πŸ™

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

A Dormant Whale Wakes Up
 

An Ethereum wallet address containing pre-mined ETH worth $116 million transferred its entire balance of 61,216 ETH to an address associated with the Kraken exchange.
 
The wallet had remained dormant for eight years before this transaction occurred on July 18 at 11:30 pm UTC, leading to increased interest in the crypto community as it might indicate significant market activity.
 
In today's news, we have StarkNet joining in on the L2 fun, the gap is closing for GBTC, and Neopets is canceling their NFT game!
 
Read on!

Now LIVE: 2023 Q2 Crypto Industry Report πŸ“Š

 
After the exuberance of Q1, the crypto market took Q2 to consolidate the gains and increased slightly by 0.14%, from a total market cap of $1.238 trillion on March 31, 2023, to $1.240 trillion on June 30, 2023. April and May were relatively quiet months, particularly after Ethereum's Shapella upgrade on April 12, as the market was absent of any strong overarching narrative. Prices of Bitcoin (BTC) and Ethereum (ETH) are now hovering around $30,000 and $1,900, respectively, with BTC climbing 6.9% while ETH increased by 6.0% in Q2.
 
Our comprehensive 2023 Q2 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.

 
Hello there,

 

Buckle up and get ready! CoinGecko's Virtual Meetup is back again! For Meetup #26, we'll be talking about our 2023 Q2 Crypto Industry Report and taking a look at what's in store for Solana in 2023 & Beyond!

 

Join us as we'll be presenting our 2023 Q2 Crypto Industry Report and talking about Solana in 2023 & Beyond!
 
Date: Thursday, 20 July 2022

Time: 08:30 AM EDT (UTC -4) [Check your local time]
 

Tune in for our Virtual Meetup #26, featuring an exciting panel of speakers:

 24h Hot Searches Worldwide 

  • XRP                  (+4.2%)

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  • Arbitrum         (+4.2%)

  • Stellar             (+20.0%)

 

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You may have seen the colorful 'Bitcoin Rainbow Chart' circulated around Crypto Twitter from time to time, but what does it mean and where did it come from?  Find out in this video!

Jumping On The Bandwagon
 

StarkNet, a layer 2 scaling solution for Ethereum, has introduced a framework called "appchains" that enables the creation of application-specific blockchains within its ecosystem.
 
This move aligns with the trend in the Layer 2 ecosystem, where other projects like Optimism, Polygon, zkSync, and Arbitrum have paved the way for similar modular networks, making StarkNet the latest addition to this lineup.

 
The Block

Shrinking Discounts
 
The discount on Grayscale Bitcoin Trust (GBTC) shares has been narrowing recently, possibly indicating a higher chance of the U.S. Securities and Exchange Commission (SEC) approving GBTC's transition into an ETF.
 
Grayscale's lawsuit against the SEC aims to overturn their previous rejection, as an ETF structure would provide the arbitrage mechanism that helps keep prices in line with its net asset value, unlike the current closed-end fund (CEF) mechanism.
 
CoinDesk

No Game for Neopets

 

Neopets, an online virtual pet game, decided to cancel its planned NFT game launch despite receiving $4 million in funding from crypto firms, including Polygon Ventures and Avalanche's ecosystem fund.

 

The cancellation faced criticism on Twitter, with some users labeling the now-canceled NFT game as a "rug" or rugpull—a scam where creators sell NFTs with promises of future utility but abandon the project without fulfilling those promises or refunding buyers.
 
A Neopets representative responded that they will announce more details about future perks for holding their NFTs soon.

 
Decrypt

 
What is Linea? We take a look at the ZK Layer 2 by Consensys and how it compares against other ZK Layer 2s.
 
Find out more here.

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