Institutional investors shorting Bitcoin made up 80% of weekly inflows
Institutional investors loaded up on a record $51.4 million worth of investment products offering exposure to shorting the price of Bitcoin (BTC) last week.
According to data from the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, there was $64 million worth of inflows for digital asset products between June 27 and July 1, with short BTC funds representing 80% of that figure.
92% of Coinbase users trading SHIBA INU are buying SHIB
According to data from Coinbase’s price pages, 92% of the platform’s users who are trading the meme-inspired cryptocurrency SHIBA INU are buying while only 8% preferred to sell their holdings in it over the last 24-hour period.
Data from the exchange further shows that the typical hold time for SHIB on the platform has risen to 152 days, up from 120 days back in April of this year.
$4 billion SHIBA INU destroyed
The amount of burned coins on SHIBA INU network has exceeded $4 billion since implementing the mechanism, according to Shibburn tracker.
As the burn tracker suggests, over 410 trillion tokens were successfully burned by the network with the help of various businesses and entities using the token.
18.8 million Dogecoin bought by whale
A large BNB whale, “Martian Manhunter,” ranked 71st according to WhaleStats and holds 40 million XRP, has just bought 18,800,433 DOGE valued at $1,256,188.
The whale also bought a few other altcoins in separate transactions, among which was the purchase of 11,988,683 MATIC worth $5,605,116.
Crypto market cap sees $50 billion inflow in 24 hours as cryptocurrencies turn green
After many days of high volatility, the cryptocurrency market has recovered after 24h, attracting a significant capital inflow into the space.
According to CoinMarketCap data, the crypto market capitalization has climbed from $864 billion to $914 billion in the last 24 hours. The move reflects a 5.78% climb over the last day.
Addresses holding at least 1 Bitcoin reached an ATH
According to data from Glassnode, the number of addresses holding at least one BTC reached an all-time high of 878,357.
SBF denies FTX is eyeing distressed crypto mining companies
Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is exploring acquisitions of distressed crypto mining companies.
Bankman-Fried also stated that crypto miners had no fit into the company’s core strategy and that he saw no synergy from an acquisition standpoint.
A no-limit global crypto Visa card has been launched in UAE
The VIP crypto credit card, called Bitcoinblack, will only be available to 10,000 members globally.
The card is a gateway to a world of luxury goods and services. The company is promising invitations to exclusive private events, access to 1,300 airport lounges around the world, plus charter deals with Momentum Private Jets.
Colombia set to employ Ripple’s XRPL blockchain for land registry
Fintech company Ripple (XRP), along with Barcelona-based software development firm, Peersyst Technology, announced the launch of Colombia’s first National Land Registry over the XRPL Blockchain after a year of work.
This solution has been integrated for Colombia’s National Land Agency, AgenciaTierras.
BBF rises 101.85% after 24h
After a few days fluctuating around $12.2 – $12.9, BBF, the native token of the Bubblefong ecosystem, witnessed impressive growth.
BBF has gained 101.85% in the last 24 hours and is trading at $24.124. With these achievements, BBF has become the leading asset in the Top Gainers on ONUS.