Hello everyone, this is our weekly crypto digest. Here you’ll find everything from a weekly market summary and top news to the hottest new listings on exchanges, and even memes to cheer you up. To get these updates as soon as we post them, follow us on Twitter.
Weekly Market Summary
Bitcoin was stalling for most of Monday, Jun, 14, before making another run at $40,000. The world’s largest cryptocurrency by market value is holding support above $36,000 and has remained about 10% up over the past seven days.
Some analysts are optimistic about a decisive break above $40,000 while others prefer to see stronger signs of upside momentum.
The price of Shibu Inu (SHIB) soared 22% on Jun, 16, after Coinbase Pro listed the token, according to Nomics.
SHIB value rose from $0.00000725 to $0.00000907 in the 90 minutes following the Coinbase Pro listing announcement.
That makes it the 19th most valuable crypto, according to price aggregator Nomics. SHIB’s current Market Cap is now $3.2B and is the top gainer among the biggest 100 coins.
Quick weekly news:
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Hedge funds expect to hold 7 percent of crypto assets within 5 years: Read more here.
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MicroStrategy completes $500 million offering, plans to buy more Bitcoin: Read more here.
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Goldman Sachs Plans to Offer Ether Options: Report: Read more here.
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‘Millionaire’ whales gobble up 90,000 Bitcoin over past 25 days: Read more here.
Other notable events include:
– Fox will launch a $100 million NFT fund
– El Salvador plans mining on volcanoess
FOX
Fox Television has announced the launch of a $100 million fund to invest in non-transferable tokens (NFTs), according to The Hollywood Reporter.
In May, Fox announced the creation of a Blockchain Creative Labs business unit that will focus on NFT operations with the launch of a platform to sell digital goods. Animation studio Bento Box joined the deal.
“Our long-standing relationship with the creative community will allow us to use technology to connect brands and producers with fans in exciting new ways,” Bento Box CEO Scott Greenberg told AdWeek.
Mining
El Salvador’s president, Nayib Bukele, has instructed the head of LaGeo, a state-owned geothermal power company, to present a plan for bitcoin mining facilities.
“We have the opportunity to mine bitcoin on cheap, clean, 100 percent renewable, carbon-free volcano energy,” Naib Bukele said.
El Salvador has 23 active volcanoes. According to a LaGeo report, 20% of El Salvador’s electricity is generated from geothermal sources. The company has a resource potential of 644 MW.
The ultimate article to read
One of the fastest growing sectors in the crypto industry is DeFi. Even if you’re hardly interested in crypto and blockchain, you’ve probably heard this word before, DeFi kicked up a racket last year! This is one more chance for you to dig deeper and learn about the whole concept in detail.
In our research “What is DeFi in Crypto: an Ultimate Guide”, we’ve tried to explain DeFi as clearly as possible, so even newcomers now can get a foretaste of it. In the guide, you will learn:
– What DeFi projects are for
– When everything began (not last year)
– If there is a difference between Decentralized (DeFi) and Centralized (CeFi)
– What are the most burning problems & risks for DeFi mass adoption
👉Read the full article – https://bit.ly/353uVDA
- Spot trading: Looking at last week’s trading results, we see that Polygon (MATIC) is very appreciated by our users. It left such giants as Binance Coin (BNB) and Ethereum (ETH) behind.
- Derivatives: Well, the famous Ripple (XRP) coin took second place in trading. Solana (SOL) and Akropolis (AKRO) shared the fourth and fifth positions in the ranking.
Here are the hottest exchange listings of the last week:
New Listings on CoinbasePro:
- Polkadot (DOT/EUR DOT/USDT DOT/GBP DOT/BTC DOT/USD)
- Shiba Inu (SHIB/USDT SHIB/USD SHIB/BTC)
- Keep Network (KEEP/USD)
- Chiliz (CHZ/EUR CHZ/GBP CHZ/USD CHZ/USDT)
- Gitcoin (GTC/USD)
New Listings on Binance:
- Gitcoin (GTC/USDT GTC/BUSD GTC/BNB GTC/BTC)
By the way, our PRO plan includes new Exchange Listing alerts for all 27 exchanges in the app. Become a PRO and receive an instant notification when a new coin is listed on Coinbase Pro, Binance, or your exchange of choice!
Banano is a fast, royalty-free, open-source cryptocurrency based on DAG technology. As a fork of Nano, it was initially intended as a joke currency, but has now established itself as a currency to be taken seriously with an active community.
Members of the Banano community have created fascinating projects such as implementing BAN in Minecraft, guild rewards in mobile games and apps, and even faucet bots on popular streaming platforms and commonly used Tipbots on major social media platforms like Telegram, Twitter, Discord and Reddit.
Banano coin (BAN) can also be purchased free of charge by playing the simple BlackMonkey game, Banano mining or an occasional Airdrop to Vite AppWa.
🔍DYOR
Amp (AMP) is an Ethereum token that aims to “collateralize payments on the Flexa Network, making them instant and secure.” If the payment takes too long or fails, Amp collateral can be liquidated to cover the costs. The vendor still gets paid and it adds extra security for both buyers and sellers using crypto.
Amp allows it to cover a large variety of transaction types, like digital payments, fiat currency exchange, loan distributions, property sales, and more.
😋Recent announcements:
AMP Price Predictions: How High Will Amp Go in 2021? 2025?
Theta and Theta Fuel (TFUEL) soar ahead of June 30 mainnet launchAmp Token Price Has Surged 787% This Year: What You Need To Know
🔥DYOR:
– Website
We have prepared for you top-performing coins of June 17.
Amp has managed to become the best performing asset among TOP-100, gaining 23.73% within the last 24 hours.
Chiliz was the worst-performing asset among TOP-100 (again), losing 8.94% within the last 24 hours.
To get up-to-date reports on gainers and losers during the week, follow us on Twitter.
Top crypto meme of the week
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We hope you found this digest useful and informative! If you want to be the first one to receive new crypto insights and stay up-to-date with the market, follow us on Twitter. Happy trading with the Good Crypto app!