Welcome, Crypto enthusiasts!

Bitcoin is ignoring the rest of markets and their sharp recovery while Hamster Kombat turns down VC money.

In Today’s Blockstreet Journal:

• Bitcoin Ignores Markets

• HK Turns Down VC Funds

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

BITCOIN
😤 Bitcoin Ignores Markets 

Word On The Street: Data from TradingView indicated a lackluster start for BTC/USD as Wall Street opened, in stark contrast to the stock markets.

The details:

• Leading the bullish sentiment was Japan, where the Nikkei 225 fully recovered its significant losses from earlier in the month.

• U.S. equities also began the day on a positive note, with the S&P 500 and Nasdaq Composite Index increasing by 0.8% and 1.4%.

• This strong market performance was largely driven by the release of the Producer Price Index (PPI) for July, which came in below expectations.

Why it matters: A new all-time high could be reached by September or October if Bitcoin manages to break above the $60,000 level.

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The details:

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ALT COINS
🐹 HK Turns Down VC Funds 

Word On The Street: Hamster Kombat revealed they have received offers from top venture capital firms and they have declined every single offer so far.

The details:

• The decision to reject venture capitalist funding was made with the goal of protecting Hamster Kombat’s player base.

• This stance sets Hamster Kombat apart from many other crypto games and projects that rely heavily on venture capital funding.

• In anticipation of the HMSTR token launch, cryptocurrency exchange Bybit has already listed the token for premarket trading on its over-the-counter (OTC) platform.

Why it matters: The team emphasizes that their priority is to reward players for actively participating in the game, rather than shifting focus to financial interests.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.1T, a 0.69% decrease over the last day.

The total crypto market volume over the last 24 hours is $65.49B, which makes a 20.61% decrease. The total volume in DeFi is currently $3.24B, 4.95% of the total crypto market 24-hour volume. The volume of all stable coins is now $60.95B, which is 93.07% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 56.07%, a decrease of 0.05% over the day.

Global Market Metrics

- Total Market Cap: Approximately $2.10 trillion USD

- Total Volume: $65.49 billion USD

- Bitcoin Dominance: 56.07%

- Ethereum Dominance: 15.24%

- Active Cryptocurrencies: 10,066

- DeFi Market Cap: $58.53 billion USD

- DeFi Volume: $3.24 billion USD

- Stablecoin Market Cap: $159.93 billion USD

- Stablecoin Volume: $60.95 billion USD

- Derivatives Volume: $577.43 billion USD

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers 

Airdrops & More News

DAILY AIRDROP
📦️ Orange Finance Airdrop

Orange Finance recently completed an angel round, with the funds raised yet to be disclosed. They are running an airdrop campaign for its users. Sign up for the campaign and complete the tasks to earn points. Also, invite your friends to earn more points. The points will be converted to an airdrop after the TGE.

Step-by-Step Guide:

1. Visit the Orange Finance points campaign page.

2. Connect your wallet and sign the message.

3. Connect your X account.

4. Click on “Events” to find different tasks to complete and earn points.

5. Also, refer your friends to earn 5 points for each referral. You’ll receive an additional 10% of the point airdrops earned by the users you refer.

6. For more information about the campaign, visit this official announcement.

7. The snapshot of the points will happen on August 13th at 1 PM (UTC).

Other News

Trump Election Win May be Bullish For Cryptocurrency Markets. Market sentiment suggests that a Trump election victory would be bullish for crypto and a Harris win would be bearish, the report said.

Pump.fun hits record $28.7 million monthly agreement income for July. The memecoin creation platform's record monthly income showcases the growing retail interest towards Solana-based memecoins like WIF and BONK.

Ex-Bank of Japan Official Rules Out Another Rate Hike This Year. The BOJ recently raised rates for the first time in over a decade, destabilizing global markets, including bitcoin.

Bitget Wallet overtakes MetaMask by downloads. Formerly known as BitKeep, the Bitget Wallet was acquired by the Bitget exchange for $30 million in 2023.

🫡 Thanks For Reading

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