No BSOD for Bitcoin 💪

Crypto escaped the "Blue Screen of Death," and saw a good amount of green.

Author

Ryan Ozawa
July 20, 2024

IN PARTNERSHIP WITH

📝 What you need to know

The decentralized crypto world clearly escaped the global CloudStrike calamity.

Top cryptocurrencies Bitcoin and Ethereum have remained fairly buoyant on Saturday. The price of BTC set a monthly high yesterday, touching $67,000, and did so again today, marking a respectable 11% gain over this time last week. Ethereum is also up 11% over the week and popped above $3,500 again today, as spot Ethereum ETFs are all but certain to begin trading on Tuesday.

The last seven days have also been good for many meme coins, with Popcat, Dogwifhat (WIF), FLOKI, and PEPE all notching seven-day surges of over 40%.

This Week in Coins: Trump Fuels More Meme Coin Mania as Bitcoin Regains Strength

The crypto markets have finished on a high this week as tech investors bet big on another Donald Trump presidency.

Ethereum Mixer Tornado Cash Has Received Almost $2 Billion in 2024 Despite Sanctions

Nearly $2 billion worth of assets flowed into Ethereum mixer Tornado Cash in the first half of 2024—despite the fact that it's sanctioned.

‘Bitcoin Keeps Hashing’ Amid Global CrowdStrike Outages

The flawed security update took down networks around the world, including banks. But Bitcoin was unaffected.

Ethereum ETFs Begin Trading on July 23, Cboe Confirms

Cboe has listed five spot Ethereum ETFs to start trading next Tuesday, July 23, including those from Franklin Templeton and Fidelity.

🎓 LEARN: Getting Started with Institutional Staking

Earn a free NFT by taking our course, “Getting Started with Institutional Staking,” in partnership with Figment. Learn all about how proof of stake blockchains work, how to earn rewards through staking, and the various staking solutions available to retail and institutional investors.

💬 Quote of the Day

“It's hilarious because banks globally have been shutting down because of this server issue, and yet, Bitcoin keeps hashing, and I hate to use the term, but, ‘tick tock, next block.’”

—Taras Kulyk, SunnySide Digital

🌐 From Our Hubs

🎮 GG: ‘Notcoin’ Players Get Exclusive Perks in Telegram Games ‘Pixelverse’ and ‘Musk Empire’

The original Telegram crypto game has linked up with Pixelverse and Musk Empire to give Notcoin players special benefits.

🎭 SCENE: Mena Suvari Nominated for Emmy for Gala Film Sci-Fi Series

Suvari's role as Detective Thompson in RZR earned her a Primetime Emmy nomination, spotlighting Web3's entertainment evolution.

🤖 EMERGE: Erik Voorhees' Venice AI Now Offers Real-Time Search Results

The decentralized AI's new features include real-time search results and the ability to share encrypted links, ensuring privacy.

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 162 - Solana Leads the Charge!

BTC ETF Inflows over $85 million. SOL leads majors ahead of ETH ETF. Rumors Trump may want BTC in strategic reserve. Trump BTC round-table tickets going for $845K. Polymarket hits volume record of $20 million.

🎓 LEARN: What Are Coin Mixers and How Do They Work?

Coin mixers like Tornado Cash have faced sanctions for aiding money laundering, but advocates argue they have legitimate use cases.