According to BlockBeats, on July 14, Bitcoin experienced a significant recovery, breaking through the $60,000 mark. The cryptocurrency saw a 24-hour increase of 3.91%, reflecting a notable upward trend in its market value.

According to BlockBeats, monitoring data from EmberCN reveals that since December 26, 2023, Justin Sun has acquired approximately 421,800 ETH (valued at around $1.267 billion) through five addresses during the current bull market. The average purchase price was about $3,006 per ETH. Including his previous holdings, Justin Sun's total Ethereum holdings across multiple addresses now amount to 698,700 ETH (worth $2.215 billion). A significant portion of these holdings, approximately 646,900 ETH, is deposited in various staking and re-staking platforms to earn yields. Based on the current Ethereum Proof of Stake (PoS) annual yield rate of 3.2%, the daily interest income from these staked ETH amounts to roughly $180,000 (or 56.7 ETH).

According to Odaily, the anonymous lead developers of the Memecoin project Shiba Inu (SHIB), Shytoshi Kusama and Kaal Dhairya, have given their first interview to Arabian Business. In the interview, Shytoshi Kusama described SHIB as a 'Dogecoin killer' with the ambitious goal of becoming 'the world's first decentralized entity worth a trillion dollars.' Additionally, the developers revealed their plan to transfer control of the project to the community by the end of this year, with a dedicated committee set to lead project-related matters.

According to Odaily, data from DefiLlama reveals that as of July 13, Uniswap's front-end trading fees have exceeded $48.75 million, currently standing at $48.75 million.

According to Odaily, sources have revealed to The Washington Post that OpenAI hurriedly approved safety tests before ensuring the safety of its products. This information raises concerns about the thoroughness and reliability of the safety measures implemented by the company.

According to Foresight News, data from Coinglass reveals that the current nominal value of open interest in BTC options across the network stands at $16.46 billion. Meanwhile, the nominal value of open interest in ETH options is reported to be $5.69 billion.

According to Odaily, a recent survey conducted by the National Cryptocurrency Committee in the United States reveals that approximately 80% of respondents believe that candidates' stances on cryptocurrency will at least somewhat influence their voting decisions. This underscores the growing significance of cryptocurrency policy in the political landscape. As the 2024 US election approaches, cryptocurrency has emerged as a key issue, although its actual impact on voter turnout and decision-making remains uncertain. While certain groups, particularly those heavily invested in the crypto ecosystem, may be swayed by these discussions, it is still unclear whether this issue will mobilize a broader voter base. Given the presence of many other pressing issues, predicting the overall effect of cryptocurrency on the election outcome is challenging.

On Jul 13, 2024, 22:54 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 59,000 USDT benchmark and is now trading at 59,206.929688 USDT, with a narrowed 2.48% increase in 24 hours.

On Jul 13, 2024, 22:41 PM(UTC). According to Binance Market Data, BNB has crossed the 530 USDT benchmark and is now trading at 530.099976 USDT, with a narrowed narrowed 0.45% decrease in 24 hours.

According to CryptoPotato, a recent survey by CoinGecko indicates that only about half of investors are optimistic about the current crypto market. The study, which included 2,558 participants, was conducted from June 25 to July 8. The report reveals that 49.3% of crypto participants remain optimistic about the market's future despite its recent downward trend. Among these, 26.1% felt somewhat bullish, and 23.2% were fully bullish. Meanwhile, 25% of participants maintained a neutral stance, and 25.2% expressed bearish sentiments, with 13.4% somewhat bearish and 11.8% fully bearish. Breaking down the sentiments by participant type, investors were the most optimistic, with 54.1% feeling bullish and only 20.7% bearish. Builders in the space followed closely, with 47.6% bullish and 31.6% bearish sentiments. Traders showed mixed feelings, with 39.0% bullish and 33.5% bearish, likely due to their short-term market focus. Sidelined spectators, who have no direct crypto involvement, were the most pessimistic, with only 28.5% of responses being bullish compared to 42.4% being bearish. The survey also highlighted Bitcoin's continued decline. Since its April 20 halving, Bitcoin has fallen about 9.5%. Historically, Bitcoin halving events, which occur roughly every four years, have been followed by price rallies in the subsequent months. However, this time, Bitcoin has been plunging since peaking at a new all-time high in March. Over the past month, its price action has been marked by a series of lower highs and lower lows, with the crypto hitting a two-month low of $53,500 on July 5. Despite attempts to regain upward momentum, the market's confidence has been recently shaken by potential sell pressure from $7.6 billion worth of Bitcoin intended to be repaid to creditors of the defunct crypto exchange Mt. Gox. Additionally, recent Bitcoin sales by the German government have further rattled investor sentiment.

According to Blockworks, the Ethereum Community Conference (EthCC) in Brussels this week highlighted a growing sentiment among attendees that the focus on crypto infrastructure has overshadowed the development of consumer applications. Despite Ethereum's role in popularizing smart contracts and NFTs, many felt that consumer apps were underrepresented at the event. The social lead of the Milk Road newsletter noted a consensus that the industry needs more usable apps rather than additional infrastructure. Emmanuel Awosika, director of 2077 Collective, expressed excitement that people are finally acknowledging the necessity of consumer apps. A.J. Warner from Offchain Labs observed a significant focus on interoperability and cross-chain solutions over novel user applications at the conference. While compelling consumer apps are still lacking, the desire for them is evident, as shown by the Arbitrum DAO's plan to invest $215 million in crypto gaming projects. Electric Capital general partner Maria Shen released a market map categorizing over 1,500 crypto projects, with more than one-third labeled as apps. However, some argue that the industry should first master its original use case of payments before moving on to more complex applications. Mustafa Al-Bassam, CEO of Celestia Labs, emphasized this point. Despite the current gap, there are crypto apps with real users, such as Telegram games on the TON blockchain and Solana blinks that allow users to play Pokemon onchain within their X feed. In related news, Story Protocol announced the launch of the world's first intellectual property blockchain, allowing creators to upload and monetize their intellectual property. Co-founder S.Y. Lee emphasized that the protocol aims to provide a clear use case, unlike many other defi chains and apps. Additionally, Farcaster's daily active users reached an all-time high, and blockchain analytics firm Elliptic linked

According to BlockBeats, monitoring data from Lookonchain reveals significant transactions involving the address 0x3737. Since June 27, the address has purchased 1,465 MKR tokens at an average price of $2,476, totaling approximately $3.63 million. Previously, the same address bought 1,884 MKR tokens at $1,157 each and sold them at $1,406, earning a profit of around $468,000. In addition to MKR, the address 0x3737 holds 3.58 trillion PEPE tokens, valued at approximately $30.87 million. The address has also profited over $30 million through trading PEPE tokens.

According to Odaily, Abra CEO Bill Barhydt has revealed a growing trend among medium-sized companies and nonprofit organizations to convert their assets into Bitcoin. This shift follows the successful strategy adopted by MicroStrategy (MSTR), whose stock has appreciated significantly due to its substantial Bitcoin holdings. Barhydt predicts that many medium-sized companies and nonprofits with large dollar reserves will convert these reserves into BTC. Additionally, he anticipates that the stock prices of these companies will mirror the upward trend seen in MicroStrategy's stock following its Bitcoin acquisitions.

According to CryptoPotato, a Dutch court has denied bail for Tornado Cash developer Alexey Pertsev, who was convicted of money laundering in May. This decision marks a significant setback for Pertsev, who has been held in custody for the past two months without computer or internet access, despite requests to facilitate his defense preparation. The Court of Appeal of ‘s-Hertogenbosch ruled that Pertsev will remain in custody as he prepares for his appeal. Despite his defense lawyers, Keith Cheng and Judith de Boer, arguing that Pertsev is not a flight risk and needs internet access to prepare his case, the court maintained that his detention would not hinder his ability to prepare his defense. Cheng reportedly stated, “The court says that continuing his detention does not obstruct his possibility to prepare his defense.” De Boer, however, believes that in a case involving such fundamental legal questions, pre-trial detention is “unacceptable.” She added, “This unprecedented case addresses when a software developer can be criminally liable for third-party misuse which will benefit the entire legal system.” At a hearing last month, Cheng revealed that he had outlined 18 points for Pertsev’s appeal that needed computer access, which was required by the court to process the request. However, the request for the developer’s release from detention was denied. Cheng had previously submitted a similar request to the prison where Pertsev is held, which was also turned down. The defense lawyer explained that providing a computer and other facilities would violate the prison’s safety policy. Despite presenting the prison’s refusal to the court, the appeal was unsuccessful. Authorities in Amsterdam arrested Pertsev in August 2022 for suspected involvement in hiding criminal funds and aiding money laundering by using the Ethereum decentralized mixing service. A Dutch judge at the Court of Appeal ‘s-Hertogenbosch found the 31-year-old Russian developer guilty for his role in the development of Tornado Cash in May this year and sentenced him to 64 months in prison.

On Jul 13, 2024, 14:05 PM(UTC). According to Binance Market Data, BNB has dropped below 530 USDT and is now trading at 529.900024 USDT, with a narrowed narrowed 0.02% increase in 24 hours.

According to BlockBeats, a newly created address, identified as 0x517, has accumulated 10,545 ETH within the past three hours. The total value of this accumulation is approximately $33.29 million, with an average transfer price of $3,156 per ETH. The address executed five identical transfer operations, suggesting it may belong to an institution.

According to BlockBeats, on July 13, data from Magiceden indicates that the floor price of the NFT project SEND IT has dropped to 0.19 SOL. This represents a 46.17% decrease over the past 24 hours. The decline is speculated to be influenced by the release of the tokenomics for the Solana Blinks ecosystem meme project SEND.

According to Odaily, the German government now holds Bitcoin valued at $16. Previously, it was reported that the government received 0.0000321 Bitcoin, worth approximately $1, from an unidentified individual.

According to BlockBeats, on July 13, Cointelegraph reported that following a recent court ruling in Illinois categorizing Bitcoin and Ethereum as commodities, cryptocurrency advocates are urging the Nigerian Securities and Exchange Commission (SEC) to adopt a similar approach in its regulatory framework. Lucky Uwakwe, Chairman of the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), stated that foundational cryptocurrencies like Bitcoin and Ethereum have become highly valuable commodities, and assets can be priced using them. He emphasized that Bitcoin and Ethereum require a different regulatory approach compared to other cryptocurrencies. By classifying Bitcoin and Ethereum as commodities, the Nigerian SEC can provide the much-needed clarity and stability in the market, encouraging innovation while ensuring regulatory compliance.

According to Odaily, Coin98 Analytics reports that 521 cryptocurrency projects successfully secured funding in the second quarter of 2024, with the total amount exceeding $3.56 billion. Among these projects, Monad achieved the highest funding. This marks an increase of 52 projects compared to the previous quarter. Notably, 141 projects did not disclose their funding amounts.