It has been a busy day in terms of news, so let us catch you up on the latest and greatest.
Today’s Agenda:
- Market Watch
- Highlights of the Day
- Larry Fink Calls Bitcoin the Digital Gold
- Ubisoft Launches Free NFT Mint for Champions Tactics
- Project of the Day
- Crypto Corner
- Market Sentiment & Predictions
- Business & Political Insights
Market Watch
Top Gainers
- JasmyCoin ($JASMY): +23.6%
- dogwifhat ($WIF): +23.2%
- Pepe ($PEPE): +20.5%
Top Losers
- Stellar ($XLM): -0.6%
- TEON ($TRX): -0.2%
- Monero ($XMR): -0.1%
Trending Crypto Sectors/Categories
- Tap to Earn
- Play to Earn
- Metaverse
Total Crypto Market Cap – 2.457 Trillion
Fear and Greed Index – 52
Top NFT Sale
- Fidenza by Tyler Hobbs #981 Sold for 31.8 ETH
Highlights of the Day
Larry Fink Calls Bitcoin the Digital Gold
Larry Fink, CEO of BlackRock, has embraced Bitcoin as “digital gold,” signaling a significant shift in perspective. Formerly skeptical, Fink now sees Bitcoin as a hedge against geopolitical instability and government influence.
Why the Change of Heart?
This shift in perspective has been mirrored by BlackRock’s recent strides into the cryptocurrency market, including the launch of a successful Bitcoin ETF which has quickly amassed nearly $500 million in assets. Notably, Fink’s evolving stance underscores Bitcoin’s growing recognition among traditional financial circles.
Ubisoft Launches Free NFT Mint for Champions Tactics
Ubisoft, the renowned video game publisher, is making waves in the Web3 gaming world with the announcement of a free NFT mint for its first Web3 game, Champions Tactics: Grimoria Chronicles. This new collection, called “The Champions,” has generated significant excitement among Web3 enthusiasts, who are eager to participate.
The Champions NFT Collection
Launching on the Oasys network, The Champions NFT collection will play a pivotal role in Champions Tactics. Consisting of 75,000 unique NFTs, each intricately designed with distinctive abilities and traits, these digital assets are essential elements for strategic team building and combat effectiveness within the game.
Project of the Day
Stellar
Stellar ($XLM) is a decentralized blockchain platform designed to facilitate quick and cost-effective peer-to-peer transactions worldwide. It serves as a bridge between traditional financial systems, payment networks, and individuals, aiming to streamline global remittances and financial services.
In terms of price movements, $XLM is currently sitting at a market cap of over $3 billion and is hovering around a price of $0.1. Looking at the chart in a long-term time frame, the price is relatively down from its all-time high of around $0.7. However, it is important to note that with crypto gaining mainstream acceptance and banks looking at blockchain as a viable solution for faster and more secure transactions, the long-term outlook of $XLM remains bullish.
Crazy Day in Crypto
- Bitcoin surged to $63,000, a two-week high, as betting markets indicated a higher chance of victory for crypto-friendly candidate Donald Trump in the upcoming US presidential election.
- Over the past week, Solana ($SOL) has seen a notable 23% increase in its value, driven by growing investor interest in the cryptocurrency.
Market Sentiment & Predictions
- Spot Bitcoin ETFs have set a new record with $16.35 billion in inflows since January, highlighting growing investor interest and confidence in these financial products.
- Bitcoin has crossed its 200-day moving average for the first time since October 2023, an event which previously led to a remarkable 160% surge in its value.
Business Talks & Political Insights
- Spot Ethereum ETFs are scheduled for launch next Tuesday, July 23rd, marking a highly anticipated event in the cryptocurrency market.
Donald Trump has officially named JD Vance as his Vice-Presidential running mate, a decision that has drawn significant attention within political circles.
