According to CoinGlass data, Dogecoin is currently facing potential price swings. Their heatmap indicates a concentration of leveraged trading positions around $0.074 and $0.071, meaning the cryptocurrency could move significantly up or down. When this information was recorded, Dogecoin was trading at approximately $0.0732, having increased roughly 1% over the past day.
As a researcher tracking blockchain activity, I noticed something interesting today. Whale Alert flagged a previously inactive Ethereum address – one that’s been holding 2,000 ETH since the very beginning – that suddenly became active after being dormant for eleven years. Based on current prices, that address holds roughly $3.79 million worth of Ethereum.
Taylor Barr from the Digital Chamber warns that if the Digital Asset Market CLARITY Act isn’t passed, important new rules designed to protect consumers and fight illegal financial activity won’t be put in place.
Allbridge reported a security breach where hackers stole about $1.65 million worth of cryptocurrency by taking advantage of a weakness in their system that connects different blockchains. They’ve temporarily stopped all activity while they investigate what happened and how much damage was done.
Bitcoin has risen above $65,000 again this month, suggesting renewed confidence in the market after a period of slow growth.
Ryan VanGrack, a top executive at Coinbase, is urging lawmakers to pass the CLARITY Act. He believes it’s important to move forward with the bill – even for those who aren’t enthusiastic about cryptocurrency – as its progress in the Senate has stalled.
President Tinubu’s office announced a new plan to better coordinate how Nigeria oversees digital assets like cryptocurrencies. This plan involves the country’s financial, tax, and investment agencies working together, while still allowing each agency to use its existing legal authority.
In a recent interview with *Markets Media*, Michael Higgins, CEO of Ripple Prime, explained that despite the current downturn in the crypto market, he doesn’t see it as a long-term problem for digital assets. He believes markets are heading towards constant, round-the-clock trading and require reliable blockchain technology to support this shift – which he calls “Wall Street 2.0” – and positions Ripple Prime as a leader in building that infrastructure.
According to CryptoRank, investors finished about 25 funding rounds by July 20th. This shows continued investment activity even though the overall number of deals publicly announced has dropped significantly.