Welcome, Crypto enthusiasts!

Trump’s speech at the Bitcoin 2024 Conference has spurred excitement and optimism about the future of crypto in America.

In Today’s Blockstreet Journal:

• Trump Boosts Crypto

• Coinbase hosts AU BTC ETF

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

MARKET NEWS
🇺🇸 Trump Boosts Crypto 

Word On The Street: The crypto market increased over 2% following a keynote address by Trump to the U.S. Bitcoin community.

The details:

• Trump proposed creating a national strategic Bitcoin reserve, where the U.S. government would retain all BTC it currently possesses.

• Senator Cynthia Lummis from Wyoming introduced a bill suggesting that the U.S. Treasury acquire 1 million BTC over five years.

• Following Trump’s speech, Hong Kong Legislative Council expressed interest in incorporating Bitcoin into the region’s financial reserves.

Why it matters: Trump’s supportive stance on crypto and a more favorable regulatory environment in the U.S. have spurred optimism for crypto adoption.

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MARKET NEWS
🇦🇺 Coinbase hosts AU BTC ETF 

Word On The Street: Coinbase is increasing its involvement in global spot Bitcoin ETFs by becoming a custody partner for a Bitcoin ETF in Australia.

The details:

• Australia's DigitalX, the issuer of the spot Bitcoin ETF named DigitalX Bitcoin ETF (BTXX), has selected Coinbase as the custody provider.

• Coinbase has become a key player in the infrastructure supporting global spot Bitcoin ETFs.

• Significant spot Bitcoin ETFs, such as the Grayscale (GBTC) and BlackRock’s iShares Bitcoin Trust (IBIT), also use Coinbase.

Why it matters: Coinbase emphasizes its commitment to providing a secure and trusted bridge to the crypto economy.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.43T, a 0.82% increase over the last day.

The total crypto market volume over the last 24 hours is $66.23B, which makes a 3.31% decrease. The total volume in DeFi is currently $3.65B, 5.51% of the total crypto market 24-hour volume. The volume of all stable coins is now $59.96B, which is 90.54% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 55.28%, a decrease of 0.16% over the day.

Global Market Metrics

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

- Total Market Cap: Approximately $2.43 trillion USD

- 24-hour Total Market Volume: Around $66.23 billion USD

- Bitcoin Dominance: 55.28%

- Ethereum Dominance: 16.41%

- DeFi Market Cap: Approximately $72.60 billion USD

- Stablecoin Market Cap: Approximately $158.17 billion USD

- DeFi 24-hour Volume: Around $3.65 billion USD

- Stablecoin Volume: Approximately $59.96 billion USD

Top Gainers & Losers

🚀 Top Gainers

 💩 Top Losers

Airdrops & More News

DAILY AIRDROP
📦️ deBridge Round 2

Early users who use the bridge and collect points will get the airdrop when their token goes live. deBridge is also airdropping 1,000,000 ARB tokens to deBridge solvers and users of the deBridge app and of projects that have integrated with deBridge Widget, deBridge API and used deBridge infrastructure to bridge to/from Arbitrum.

Step-by-Step Guide:

1. Visit the deBridge website.

2. Connect your wallet.

3. deBridge currently supports 11 blockchain networks such as Ethereum, Binance Smart Chain, and Polygon.

4. Now, make cross-chain swaps on deBridge and any partner application.

5. You will get 100 points for every $1 paid in fees to the deBridge protocol.

6. The more you bridge, the higher the points you will get.

7. Also, get 25% of the points from each referral.

8. Users who have previously used deBridge have earned bonus points based on their past activities.

9. For more information regarding the points campaign, see this tweet.

10. They have announced the launch of their governance token “DBR” and has allocated 20% of the total supply for community & launch.

11. They’ve also confirmed to allocate an undisclosed percentage of the supply for “Genesis community airdrop”.

12. Early users who use the bridge and collect points will likely get the airdrop when their token goes live.

13. deBridge has also launched the ARB Horizon campaign and is airdropping a 1,000,000 ARB grant received from the Arbitrum Foundation to deBridge users. It will be distributed over the course of 12 weeks to deBridge solvers and users of the deBridge app and projects that have integrated with deBridge Widget and deBridge API and used deBridge infrastructure to bridge to/from Arbitrum. For more information, see this article.

14. A snapshot for Season 1 was taken on July 23rd, 2024 at 21:00 UTC.

15. Season 2 started on July 24th, 2024. For more details about the launch of Season 2, read this official announcement.

Other News

Chainlink integration adds transparency to 21Shares Ether ETF. The integration aims to create more transparency for 21Shares’ Ether ETF, which could create more trust among investors.

Slovenia Becomes First European Union Nation to Issue Sovereign Digital Bond. The 30 million-euro ($32.5 million) bond was settled through the Bank of France's tokenized cash system and coordinated by BNP Paribas.

Gaming blockchain Ronin records 2M daily active users. Ronin blockchain surpasses every other blockchain in daily active users, recording a two million DAU count on July 29.

BCH's 21% Surge Leads Index Gain. Bitcoin Cash and Litecoin lead the charge as the CoinDesk 20 Index climbs 3% since Friday's close.

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