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Key Developments
Bitget Wallet Launches Crypto Card in Partnership with Mastercard
Bitget Wallet introduced a new crypto card in collaboration with Mastercard and Immersve. The card supports real-time funding via on-chain swaps and deposits, marking a significant step toward mainstream payment integration.
SHIB Shows Rising Whale Activity Amid Price Stagnation
Despite stagnant prices, SHIB’s increasing whale activity signals potential volatility. Technical indicators remain bearish, but heightened on-chain transactions suggest a possible breakout or breakdown.
Bitcoin Metrics Reflect Confidence Amid Correction Risks
Institutional interest in Bitcoin grows while retail investors hold back. BTC’s momentum accelerates, surpassing key resistance levels—though a market correction remains plausible.
Bitcoin Cash Surges 75% to $525
Driven by bets on interest rate cuts and strong technical signals, BCH rallied to $525. Institutional buying and support at $478–$508 indicate further upside potential.
Hyperliquid Dominates On-Chain Trading with $1.57 Trillion Volume
Hyperliquid’s perpetual futures recorded $1.57 trillion in annual trading volume, leading the on-chain derivatives market. June’s monthly volume hit $56 million, fueled by efficient execution and low fees.
Chainlink’s ACE Enhances Cross-Chain Compliance
ACE offers real-time transaction checks, cost savings, and modular identity solutions (vLEI/DIDs) for institutions. Its KYC streamlining and interoperability improvements position it as a compliance leader.
Ethereum’s On-Chain Time Capsule Nears Opening
ETH’s community-predictions vault will unlock on its 11th anniversary. Despite market fluctuations, ETH rose 0.66% with a 70% volume spike, showcasing resilience.
IOTA’s Unique Infrastructure Avoids Third-Party Bottlenecks
IOTA’s native Move-VM enables seamless smart contracts, bypassing network congestion. Its fork-free design ensures consistent execution without queue delays.
Altcoins (XRP, Solana, Cardano, Dogecoin) Show Breakout Potential
Technical signals and weekly gains hint at an impending altcoin rally. Analysts suggest this may be the final accumulation phase before a significant uptrend.
Pi Network Expands Fiat Access but PI Coin Struggles
Pi Network integrated Onramper and Onramp.money to improve fiat onboarding, yet PI Coin’s price continues to decline. Its AI-driven Pi App Studio aims to boost developer engagement.
FAQs
Q: Is Bitcoin’s current rally sustainable?
A: While institutional demand supports growth, overbought conditions could trigger short-term corrections.
Q: What makes Hyperliquid’s trading volume noteworthy?
A: Its $1.57 trillion annual volume underscores the rise of trustless, on-chain derivatives platforms.
Q: How does Chainlink’s ACE improve compliance?
A: By merging decentralized IDs (DIDs) with real-time checks, it reduces manual KYC costs and delays.
Q: Why is IOTA’s infrastructure unique?
A: It avoids forks and third-party dependencies, ensuring predictable smart contract execution.
Q: Are altcoins like XRP and Solana poised for a breakout?
A: Rising volumes and technical reversals suggest growing momentum—watch for sustained buying pressure.
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