Welcome, Crypto enthusiasts!

Solana sees a 10% gain due to the tokens on Solana seeing significant growth.

In Today’s Blockstreet Journal:

• Solana Surges With Memes

• FED Ends SilverGate Enforcement

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

ALT COINS
🐸 Solana Surges With Memes 

Word On The Street: Solana-based tokens have shown strong recovery over the last 24 hours, reflecting a broader uptrend in the cryptocurrency market.

The details:

• The largest meme token on Solana, Dogwifhat (WIF), experienced a 4.46% daily price increase and a 4.48% rise over the week.

• Among the Solana tokens, Jupiter (JUP) saw the largest daily gains, rising 10.72% in 24 hours and 4.28% over the past seven days.

• Pyth Network (PYTH) also performed well, gaining 8.65% in the last 24 hours and 10.47% over the week.

Why it matters: A decisive daily close above this level could push the SOL price to $252, a 35% increase from current levels.

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MARKET NEWS
🏦 FED Ends SilverGate Enforcement 

Word On The Street: The Federal Reserve Board announced on July 26 that it has lifted all enforcement actions against Silvergate Bank.

The details:

• This decision came after Silvergate successfully wound down its operations, reimbursed customers, and ceased functioning as a bank.

• In March 2023, Silvergate Bank collapsed amid concerns about its financial stability.

• Prior to its collapse, in February 2023, Silvergate’s stock was the second-most shorted on Wall Street, with 72% of its shares used for short positions.

Why it matters: As part of Silvergate's self-liquidation plan, the Federal Reserve Board of Governors provided oversight to ensure that customer reimbursements were maximized.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.45T, a 1.50% increase over the last day.

The total crypto market volume over the last 24 hours is $54.44B, which makes a 30.28% decrease. The total volume in DeFi is currently $3.47B, 6.37% of the total crypto market 24-hour volume. The volume of all stable coins is now $48.94B, which is 89.90% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 55.61%, an increase of 0.19% over the day.

Global Market Metrics

As of today, the global cryptocurrency market is in the following state:

- Total Market Cap: Approximately $2.45 trillion USD

- Total Market Volume: Around $54.44 billion USD

- Bitcoin Dominance: 55.61%

- Ethereum Dominance: 16.20%

- DeFi Market Cap: Approximately $73.75 billion USD

- Stablecoin Market Cap: Approximately $158.17 billion USD

- DeFi Volume: Around $3.47 billion USD

- Stablecoin Volume: Approximately $48.94 billion USD

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers

Airdrops & More News

DAILY AIRDROP
📦️ Delta Trade Airdrop

Delta Trade is running a points campaign for its users. Delta Trade users who participate in grid trading will receive free points. They have mentioned that the number of points will be a crucial metric for future airdrops.

Step-by-Step Guide:

1. Visit the Delta Trade website.

2. Connect your wallet.

3. You need USDC or NEAR in your wallet.

4. Delta Trade users can earn free points by grid trading, participating in ranking competitions, and completing daily tasks.

5. Users can also earn multipliers by holding DeltaDisk NFTs and earning profits from grid trading.

6. You can also invite your friends to earn more points.

7. They have mentioned that the number of points will be a crucial metric for future airdrops.

Other News

WazirX launches fair fund recovery plan post $230M hack. Drawing lessons from past incidents such as the Mt. Gox and Bitfinex hacks, WazirX aims to apply the best practices from these cases to ensure a fair and efficient resolution.

Key U.S. Senate Republican Tim Scott Makes Crypto-Fan Debut. After years of consequential silence on digital assets, the top Republican on the Senate Banking Committee stormed a Bitcoin 2024 stage as a booster.

The next SEC chair must be named before US election — Tyler Winklevoss. Gemini co-founder Tyler Winklevoss argues that the cryptocurrency industry should not “tolerate any possibility of a repeat of the last 4 years.”

Bitcoin to Account for 7% of Global Wealth, Surge in Price to $13M. The crypto would require an average annual return of 29% between now and 2045 to reach that level, he said.

🫡 Thanks For Reading

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