Bitcoin hits monthly high ↗️

Meanwhile, Ryan Selkis has stepped down as CEO of Messari after sparking controversy with inflammatory political tweets.

Author

Ryan Ozawa
July 19, 2024

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📝 What you need to know

The price of Bitcoin is at its highest point in a month, and up more than 14% over last week, trading at $66,690 as of writing—even after a brief dip on Friday. BTC last saw $66K on June 20, according to CoinGecko data.

Meanwhile, with the long-awaited launch of spot Ethereum EFTs expected next week, The price of ETH is also up week-over-week by more than 11%, breaching $3,500.

Bitcoin and Ethereum See Double-Digit Weekly Gains Despite Slight Dip

Bitcoin and Ethereum saw modest declines Friday morning, but have each gained double-digits since this time last week.

Galaxy Digital Acquires Nearly $1 Billion in Ethereum in CryptoManufaktur Deal

Galaxy Digital is acquiring nearly $1 billion in staked ETH ahead of the expected launch of spot Ethereum ETFs in the U.S.

Trump Ally Messari CEO Ryan Selkis Steps Down Amid Backlash

Ryan Selkis has resigned his role as Messari CEO following backlash to controversial tweets, many in support of Donald Trump.

WazirX Loses $230 Million in Suspected DPRK Hack

Crypto exchange WazirX lost over $230 million in a cyber attack attributed to North Korean actors by cybersecurity firm Elliptic.

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💬 Quote of the Day

"This week was the first week in 6.5 years that my politics and rhetoric put the team in harm’s way. As such, I have decided to step aside as CEO."

—Ryan Selkis, Messari

🌐 From Our Hubs

🎮 GG: ‘Pixelverse’ Reveals Telegram Game Airdrop and TON L2 Plans as PIXFI Launches

PixelTap players will be able to claim an NFT, with some getting PIXFI tokens—plus a Pixelverse layer-2 network is coming to TON.

🎭 SCENE: Artist Brendan Murphy Launching Bitcoin 'Spacemen' via Ordinals

The "Frozen With Desire" Bitcoin Ordinals collection on Magic Eden includes access to a 3D recreation of the diamond-encrusted sculpture.

🤖 EMERGE: Stretchable, ‘Jelly’ Batteries Could Transform Wearables and Brain Implants - Decrypt

Researchers from Nanjing and Cambridge have independently developed batteries that can stretch up to 5,000% without losing functionality.

From Our Partner

Decentralized oracle provider API3 has announced the launch of the OEV Network, billed as “the first on-chain solution to recapture oracle extractable value (OEV) for lending protocols.”

Now live and fully integrated with the API3 Oracle Stack, the OEV Network is a layer 2 platform that aims to establish an efficient market for oracle updates.

“Instead of competing in blockspace auctions to get your transaction included first, searchers will compete for the right to perform oracle updates that allow for liquidations, with the proceeds of these auctions being programmatically returned to dapps,” said API3 Strategy Lead Ugur Mersinlioglu, adding that it could enable dapps to recapture “multi-million dollar opportunities.”

📚 Dive Deeper

📹 WATCH: FOMO HOUR 161 - The Big WIF Comeback?

BTC ETF Inflows: surpass $53 million. Crypto remains stable despite macro sell-off. ETH ETF providers undercut each other on fees. Grayscale keeps 2.5% high fee and launches mini fund. Grayscale launches ‘Decentralised AI Fund’.

🎓 LEARN: What Is Pixelverse? Telegram Game 'PixelTap,' the PIXFI Token, and Airdrop

UPDATED: The PIXFI token is now trading, and Pixelverse has revealed details around the PixelTap airdrop and TON layer-2 network launch.