Bitcoin has seen a significant surge, nearly 30% against the US dollar, with its price approaching $70,000. This increase comes amid heightened political uncertainty in the U.S., including the assassination attempt on former President Trump and President Biden’s decision not to seek reelection (CoinCodex).
Bitcoin’s network difficulty reached an all-time high on August 1, breaking a three-month downtrend (Cointelegraph).
Ethereum and Altcoins:
Ethereum ETFs have seen a positive net inflow of $26.7 million, despite a decline in Ethereum’s price, which is now hovering below $3,000 (Cointelegraph).
Altcoins like Toncoin and Cardano are gaining traction. Toncoin’s ecosystem is growing rapidly due to its integration with Telegram and various incentive programs (CoinCodex).
Regulatory and Market News:
Coinbase reported a Q2 revenue of $1.4 billion, with its shares rising by 3% (Cryptonews).
The U.S. crypto regulatory landscape is still evolving, with notable court rulings and agency policies expected to shape the industry’s future (CoinDesk).
Security and Legal Issues:
The FBI has issued a warning about scammers impersonating crypto exchanges (Cointelegraph).
Starknet warned of a Discord compromise, advising users to avoid clicking on links or messages (Cryptonews).
Company Movements:
Microstrategy now holds 226,500 Bitcoins despite a 7.4% revenue decline in Q2 (Cryptonews).
ByBit has exited the French market due to increasing regulatory pressures (Cryptonews).
