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Updated April 22, 2024

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On Jul 14, 2024, 20:40 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,200 USDT benchmark and is now trading at 3,201.01001 USDT, with a narrowed 1.25% increase in 24 hours.

According to CryptoPotato, North Carolina-based hedge fund manager Morgan Creek Digital aims to raise approximately $500 million for a new fund dedicated to investing in artificial intelligence (AI), blockchain technologies, chips, and data opportunities. The new fund will focus on early-stage companies that integrate AI with blockchain technology and the necessary chips to extract value from data.

Morgan Creek is seeking technology that intersects various sectors, such as high-performance chips used for Bitcoin mining or training AI models in data centers. The hedge fund manager is already in discussions with partners, sovereign and institutional investors, and corporate officers across multiple regions, including Europe, the United States, the Middle East and Africa (EMEA), and Asia-Pacific (APAC). The firm also plans to expand its regional presence through this new fund.

Morgan Creek Digital General Partner Mark Yusko stated, “With the global reach of Web3, MCD will be spending more time in international markets looking to connect with the best CEOs and partners.” The firm believes that the EMEA and APAC regions, particularly the Middle East, will become future leaders in technology due to their increasing investments in AI and blockchain sectors. Since its inception, Morgan Creek has raised over $440 million and anticipates that APAC countries could triple their investment in generative AI, while EMEA nations could see a 40% increase in capital injected into the same sectors. This growth could result in an additional $30 billion in new net investment by next year.

Morgan Creek Digital’s announcement comes as the crypto venture capital market shows signs of recovery, with more active fundraising compared to last year, especially for early-stage companies. The first two quarters of 2024 have seen a significant number of deals raising billions of dollars, according to a report from Galaxy Research. Although crypto venture capital flows peaked in the first quarter of 2022, subsequent quarters experienced declining volumes until the first quarter of 2024, which recorded $2.5 billion raised across 603 deals. The second quarter of 2024 saw even better numbers, with $3.2 billion raised across 577 deals, despite a slight decrease in the number of deals. With a bull market anticipated this year, investors may be experiencing a fear of missing out (FOMO) and increased competition, potentially leading to a surge in the number of deals and the amount raised.

According to Blockworks, several notable executive appointments have been made in the crypto and financial services sectors. Rich Kerr, a former executive at Charles Schwab, has joined bitcoin financial services firm Onramp as president of its managed wealth division. Kerr, who spent 31 years at Charles Schwab, most recently served as managing director of income and wealth solutions. He also held roles such as director of Schwab Wealth Advisory and contributed to the client services and support unit. Onramp CEO Michael Tanguma highlighted Kerr's extensive experience in wealth management as a perfect fit for the company's mission to support advisers and their clients with bitcoin financial services.

Canada-based investment firm Cypherpunk Holdings has also announced a new leadership appointment. Leah Wald, co-founder and former CEO of Valkyrie Investments, has been named president and CEO of Cypherpunk Holdings. CoinShares acquired Valkyrie’s ETF business in March, with Wald overseeing the company’s private funds. Wald's initial focus at Cypherpunk will be to assess the business and explore new opportunities. Cypherpunk is a publicly traded firm investing in blockchain-related businesses and crypto assets such as BTC and SOL.

In another significant move, bitcoin miner Ionic Digital has appointed John Penver as its chief financial officer. Penver, who previously served as CFO of TSS, Inc., brings nearly 20 years of experience in data centers. He expressed enthusiasm about combining his expertise in technology infrastructure and finance to align Ionic Digital’s corporate strategy and financials. The Austin-based company aims to go public, as noted in a recent news release.

Other notable appointments include former CFTC official Joshua Sterling joining Milbank LLP, where he will focus on regulatory and enforcement issues related to derivatives, financial market infrastructure, and crypto. Auros Ventures, which invests in digital assets and Web3 sectors, has named Julien Auchecorne as its leader. Auchecorne has previously held roles at XBTO, JPMorgan, and Brevan Howard. Additionally, Daniel Schoenberger, former chief legal officer at the Web3 Foundation, is now general counsel at Mina Foundation.

According to BlockBeats, on July 15, Bitcoin Magazine CEO David Bailey announced on his social media platform that he had a conversation with the president's team. Bailey mentioned that the president is in good spirits and is still scheduled to deliver a speech at the 2024 Bitcoin Conference in Nashville, which will be heard worldwide.

On Jul 14, 2024, 14:51 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 60,000 USDT benchmark and is now trading at 60,053.988281 USDT, with a narrowed 2.42% increase in 24 hours.

According to Blockworks, nearly $100 million was raised in various funding rounds this week. The largest round was secured by blockchain payment network Partior, which raised $60 million in a Series B round. This round was led by Peak XV Partners and included contributions from Jump Trading Group and Valor Capital Group. Partior is a joint venture involving JPMorgan, Temasek, DBS, and Standard Chartered, all of which participated in this funding round.

Partior aims to enhance liquidity management for both corporate and financial institutions globally. The new funding will support the development of new capabilities such as Intraday FX swaps, Cross-currency repos, Programmable Enterprise Liquidity Management, and Just-in-Time multi-bank payments. Currently, Partior supports USD, SGD, and EUR, and the investment will help expand its international network and integrate additional currencies.

In other funding news, Tread.Fi, a crypto-native algorithmic trading infrastructure company led by former Morgan Stanley VP of quantitative research David Jeong, announced a $3.5 million pre-seed investment round. This round was led by New Form Capital, with participation from Aquanow and Varys Capital. Tread.Fi offers portfolio management tools and advanced execution algorithms, allowing clients to run the trading engine privately in-house. This provides a unique level of privacy and ownership over trading activities, which is advantageous for routing orders to crypto-native exchanges.

Other notable funding rounds include ZAP, a blast-based token distribution protocol, which raised $15 million led by Rarestone, Cypher Capital, and Sharding Capital. Crypto startup Rome Protocol secured $9 million to bring modular services on Solana to the Ethereum network. Additionally, DeFi fixed-rate lending protocol Term Finance raised $5.5 million in a round led by Electric Capital.

According to Odaily, data from the Arkham platform reveals that Golem Network has transferred approximately 4050 ETH to a centralized exchange (CEX) through an intermediary address in the past two hours. The transferred amount is valued at around $12.93 million. Currently, the address still holds 66,327 ETH, which is worth approximately $211 million.

According to Odaily, Sentient, an open-source AI platform, has secured significant investment from prominent venture capital firms, including Founders Fund, Pantera Capital, and Framework Ventures. The partners from these firms have shared their insights on why they chose to lead the investment in Sentient.

Joey Krug, a partner at Founders Fund, emphasized the importance of the team's quality, stating, 'I have known Sandeep and Pramod for many years, and they are highly skilled in their respective technical fields.' This endorsement highlights the trust and confidence in the capabilities of Sentient's leadership.

Paul Veradittakit, managing partner at Pantera Capital, pointed out the potential societal risks of closed-source AI development, such as increased censorship and rent-seeking behaviors. He believes that Sentient's open, monetizable, and loyal (OML) AI model has the potential to revolutionize the AI development industry by mitigating these risks and fostering innovation.

Brandon Potts, a partner at Framework Ventures, echoed these sentiments, stating that Sentient's open and monetizable AI model will empower the open-source community significantly. He also expressed confidence in Sentient's team, describing them as the most capable group to address the economic challenges of open-source AI.

According to CryptoPotato, Ripple has shown a strong bullish surge from the $0.42 support region, reclaiming significant resistance levels up to the 200-day moving average (MA) around $0.54. The main challenge lies in overcoming the resistance at $0.54-$0.55, where significant selling pressure is present.

An in-depth analysis of the daily chart reveals that XRP faced increased buying interest near the crucial support region of the multi-month descending channel’s middle boundary at $0.42, leading to a notable bullish surge in its price. Following this resurgence of demand, Ripple has reclaimed multiple decisive resistance zones, including the channel’s upper boundary and the 100-day moving average at around $0.50, indicating strengthened bullish momentum. Currently, Ripple encounters significant resistance at the 200-day MA of $0.54. This moving average aligns with a static resistance zone of $0.55, making it a substantial barrier for further price increases. Upon reaching this resistance zone, Ripple faced heightened selling pressure, reducing bullish momentum. However, the price is currently consolidating near this critical level. If the cryptocurrency stabilizes and breaks above the $0.55 resistance, it could lead to a sustained bullish trend toward the next major resistance at $0.60. Nevertheless, a temporary period of consolidation is expected in the mid-term due to the potential presence of supply near this critical juncture.

On the 4-hour chart, Ripple exhibited a notable bullish trend, driven by increased demand near the $0.4 mark. This buying activity led to a breakout above $0.47. XRP breached this key resistance level, which also involved surpassing a multi-month descending trendline, indicating a bullish resurgence. Currently, the cryptocurrency faces substantial resistance around the $0.57 mark, a level that has previously caused rejections. If Ripple successfully breaches this resistance, it could continue its bullish trend, targeting the $0.62 resistance zone. Conversely, if the price faces rejection, a consolidation correction stage within the $0.57-$0.47 range is likely.

According to BlockBeats, on July 14, Tensor market data indicated that the floor price of the Solana Blinks ecosystem meme project SEND NFT series SEND IT has risen to 0.28 SOL, marking a 24-hour increase of 7.31%.

Previously, it was reported that the Solana Blinks ecosystem meme project SEND released its tokenomics. In this release, 25% of the tokens were allocated to Blinks builders, Send it NFT holders, and top Solana community members.

According to Odaily, data from Solscan reveals that the Alpha Vault pool of the Solana Blinks ecosystem meme project SEND has accumulated 540,900 SOL, valued at approximately $78.14 million. Previously, SEND announced the launch of its Alpha Vault with a hard cap of 999 SOL.

According to Odaily, the Discord server of Ethena has been compromised by hackers. Users are being cautioned not to click on any links shared within the server. The warning was issued by the ZachXBT channel, which disclosed the security breach. This incident highlights the ongoing risks associated with online platforms and the importance of vigilance among users to avoid potential threats.

According to PANews, a significant number of tokens, including CYBER, STRK, and ARB, are set to be unlocked next week, with a total value exceeding $170 million. The details of the token unlocks are as follows:

CYBER (CYBER) will unlock approximately 886,000 tokens on July 15 at 10:00 AM Beijing time, representing 3.81% of its circulating supply, valued at around $3.7 million.

Optimism (OP) will unlock about 10 million tokens on July 15 at 8:00 AM Beijing time, accounting for 0.89% of its circulating supply, valued at approximately $17 million.

Starknet (STRK) will unlock around 64 million tokens on July 15 at 8:00 AM Beijing time, representing 4.92% of its circulating supply, valued at about $35.6 million.

Render (RNDR) will unlock approximately 760,000 tokens on July 16 at 8:00 AM Beijing time, accounting for 0.19% of its circulating supply, valued at around $4.7 million.

Axie Infinity (AXS) will unlock about 2.45 million tokens on July 16 at 9:10 PM Beijing time, representing 1.66% of its circulating supply, valued at approximately $13.4 million.

Arbitrum (ARB) will unlock around 92.65 million tokens on July 16 at 9:00 PM Beijing time, accounting for 2.87% of its circulating supply, valued at about $65 million.

Nym (NYM) will unlock approximately 2.9 million tokens on July 17 at 8:00 AM Beijing time, representing 0.36% of its circulating supply, valued at around $320,000.

Astar (ASTR) will unlock about 9.72 million tokens on July 17 at 8:00 AM Beijing time, accounting for 0.14% of its circulating supply, valued at approximately $650,000.

ApeCoin (APE) will unlock around 15.6 million tokens on July 17 at 8:00 AM Beijing time, representing 2.31% of its circulating supply, valued at about $11.3 million.

Manta Network (MANTA) will unlock approximately 6.67 million tokens on July 18 at 5:30 PM Beijing time, accounting for 1.97% of its circulating supply, valued at around $5.7 million.

1inch (1INCH) will unlock about 364,000 tokens on July 19 at 8:00 AM Beijing time, representing 0.03% of its circulating supply, valued at approximately $150,000.

Euler (EUL) will unlock around 51,800 tokens on July 19 at 4:04 AM Beijing time, accounting for 0.28% of its circulating supply, valued at about $220,000.

Pixels (PIXEL) will unlock approximately 54.38 million tokens on July 19 at 6:00 PM Beijing time, representing 7.05% of its circulating supply, valued at around $10.1 million.

Ethena (ENA) will unlock about 14.89 million tokens on July 21 at 3:00 PM Beijing time, accounting for 0.87% of its circulating supply, valued at approximately $5.9 million.

According to Odaily, blockchain investigator ZachXBT reported on X that as of July 2024, over $35 million of the $305 million lost in the DMM Bitcoin hack has been laundered to the online market Huione Guarantee. Due to similarities in laundering techniques and off-chain indicators, there is suspicion that the Lazarus Group is behind the attack. Last weekend, Tether blacklisted a Tron wallet address (TNVaKWQzau7xL9bcnvLmF9KSEQkWEs4Ug8) associated with Huione, which contained $29.6 million. Within three days, approximately $14 million from the DMM Bitcoin hack flowed into this wallet.

According to U.Today, developers within the Dogecoin (DOGE) ecosystem have announced a significant update regarding the launch and hosting of Ordinals inscription on the chain. Despite its origins as a meme coin, Dogecoin is striving to evolve into a more functional protocol. The introduction of Ordinals, referred to as Doginals, could play a pivotal role in this transformation.

Developers from MyDoge Wallet, a widely used native Dogecoin application, have revealed that they are in the final stages of testing the v1.0 release to support Doginals. This support could potentially drive mainstream adoption of the innovation. The MyDoge Wallet team shared this update on social media, indicating that the platform is nearing readiness for the new feature.

The concept of inscriptions, which first appeared on the Bitcoin blockchain in early 2023, has had a significant impact on transaction counts and miner fees, although its effect on price growth was minimal. The Dogecoin community hopes that Doginals will have a similar impact, enhancing the chain's functionality and setting it up for future success.

Despite the market drawdown, the Dogecoin community, known as the Doge Army, remains passionate and supportive. At the time of writing, Dogecoin has shown resilience, with a 2.96% increase in 24 hours, reaching a price of $0.1098, according to CoinMarketCap. With a market capitalization of $15.9 billion, Dogecoin maintains its ranking above Cardano (ADA).

The Dogecoin developers continue to work on safeguarding the community from scams and risks, which has helped build trust and sustain price stability within the ecosystem. This ongoing effort to innovate and protect the community underscores Dogecoin's potential for growth beyond its meme coin origins.

According to U.Today, Samson Mow, a prominent Bitcoin advocate, has commented on the German government's recent sell-off of its national Bitcoin holdings. Mow explained that Germany was compelled to sell its Bitcoin, which was seized from an illegal film piracy website, due to the illicit nature of the funds. He suggested that Germany should develop a strategy to reacquire at least $50,000 in Bitcoin as part of a national adoption plan by October this year.

The German government began selling its nearly $3 billion Bitcoin holdings through major exchanges in late June, completing the process this past Friday. This massive sell-off exerted significant selling pressure on the cryptocurrency market, causing Bitcoin's price to drop by as much as 15% in July. Data from Arkham revealed that Germany sold over $550 million worth of Bitcoin in a single day.

Despite concerns and the current state of

According to U.Today, Bitcoin's market cap dominance has reached 54.5%, the highest level since July 2021, based on data from TradingView. Market cap dominance is calculated by dividing a coin's market cap by the cumulative market cap of the top 125 cryptocurrencies and multiplying by 100. This significant rise in Bitcoin's dominance could signal a potential altcoin bull run.

Glassnode co-founders support this view, suggesting that investors are shifting towards riskier assets with the potential for higher returns. This trend is further evidenced by recent market movements. On Thursday, the tech-heavy Nasdaq index declined by over 2%, while the iShares Russell 2000 ETF (IWM), which tracks small-cap stocks, rose by more than 3%. This rotation towards riskier assets could also be reflected in the cryptocurrency market, potentially benefiting both Bitcoin and altcoins.

Analysts have noted that similar market behavior occurred in November 2020, when a significant shift towards riskier assets was observed. The current market dynamics suggest that investors are once again seeking higher returns by moving into riskier investments, which could bode well for the broader cryptocurrency market.

According to U.Today, Cardano (ADA), the 10th largest cryptocurrency, has experienced a 20% increase over the past week, outperforming other top 10 cryptocurrencies. This surge comes as Cardano prepares for the Chang hard fork, which aims to stagger the release of governance functionality, easing adoption and onboarding for those with new or additional roles in governance. A significant milestone was reached this week with the release of Cardano node v9.0, marking the end of primary development work for the bootstrap phase of on-chain governance, with only minor updates needed to incorporate Cardano constitution elements.

The latest Cardano node v9.0 version introduces highly anticipated features, including support for Plutus v1 reference scripts and Plutus script signature support via CIP-69. This milestone is crucial for realizing the decentralized governance envisioned in CIP-1694. At the time of writing, ADA was up 5.65% in the last 24 hours to $0.4227 and up 20% in the last seven days. The anticipation of the Chang upgrade has created fresh enthusiasm in the Cardano community, as reflected in the ADA price. Historically, Cardano has shown positive performance ahead of major upgrades. On-chain analytics firm IntoTheBlock highlighted that ADA surged 130%, from $1.35 to $3.10, in just a month before its previous hard fork in 2021.

The current optimism around the Cardano price is supported not only by the anticipated upgrade but also by the broader crypto market recovery. In addition to gains in its USD pair, ADA is also performing well in its BTC pairing. Cardano is on track to mark its fourth consecutive day of gains against Bitcoin, indicating sustained market strength. In the coming days, the market will closely monitor ADA price patterns to determine if it can maintain its surge.

According to U.Today, Charles Hoskinson, the founder of the IOG company behind the Cardano proof-of-stake blockchain, has issued a statement regarding the upcoming Mithril upgrade, which is anticipated to launch this year. Mithril aims to enhance the scalability of the Cardano network by allowing users to avoid the need for applications to run full nodes and individually validate each transaction on the Cardano chain. Additionally, Mithril seeks to create a more decentralized and secure environment to minimize the risk of centralization and ensure the integrity of the entire network.

Hoskinson emphasized the importance of the Mithril upgrade to the Cardano community, stating, “You know use light clients everywhere is basically the goal of Mithril.” He expressed pride in having a two-year advantage over certain competitors in this area. The upgrade is expected to significantly improve the network's efficiency and security, making it a crucial development for Cardano's future.

In a separate incident, Hoskinson responded to a critic who accused him of being a scammer and referred to Cardano's native coin ADA as an “s-coin with zero value.” The critic, who goes by the pseudonym @sunnydecree on social media and has over 90,000 followers, claimed that Hoskinson had dumped ADA on unsuspecting investors to make enough fiat money to “buy a farm and fly private jets.”

Hoskinson addressed the criticism in a relaxed manner, using a cartoon extract to respond to the accusations. This exchange highlights the ongoing scrutiny and challenges faced by prominent figures in the cryptocurrency industry, as well as the importance of transparent communication with the community.