Welcome, Crypto enthusiasts!

XRP Whales are continuing their buying spree and remain undefeated while Ethereum continues to struggle in the broader market.

In Today’s Blockstreet Journal:

• XRP Whales Remain Undefeated

• ETH May End July Negative

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

ALT COINS
🐳 XRP Whales Remain Undefeated 

Word On The Street: On July 31, XRP's price surged by 4.90% to $0.65, marking its highest level in four months.

The details:

• This rise occurred just before the SEC's private meeting, where officials are expected to discuss ongoing legal matters and settlements.

• This anticipation follows comments from Ripple CEO Brad Garlinghouse, a settlement with the SEC could be imminent.

• The speculation intensified after the SEC retracted its classification of Solana, Cardano, and Polygon, as securities.

Why it matters: This uptrend coincides with a rise in the number of XRP wallets holding at least 10,000 XRP (approximately $6,500), a metric often associated with large investors or "whales.

SPONSORED BY CHANGELLY
👻 Buy Crypto With No KYC 

Word On The Street: Since its launch in 2015, Changelly has established itself as a premier instant cryptocurrency exchange, serving millions and facilitating quick crypto transactions for over 2.6 million users monthly. Partnerships with industry leaders like Binance and secure wallets such as Trezor and Exodus, along with dedicated 24/7 Support team, enhance service and ensure user satisfaction.

The details:

• Changelly Let’s Users Easy Swap Assets Across Chain With No KYC, Simple use an email & that’s it!

• Instant swap platform that allows you to exchange over 170 cryptocurrencies in 15 minutes.

• Changellly enables cryptocurrency purchases with your credit card, bank transfer, or Apple Pay. 160+ fiat currencies.

Trade crypto with no KYC 👻 

ETHEREUM
📉 ETH May End July Negative 

Word On The Street: Ether is set to end July in negative territory, down approximately 1%, despite the launch of spot Ether ETFs in the United States.

The details:

• The U.S. spot Ether ETFs began trading on July 23, but the market responded with a 9% decline.

• Ether's price has fallen by 4.05% since the ETFs were launched.

• Grayscale’s Ethereum Trust (ETHE) has experienced faster outflows compared to its Bitcoin Trust after the launch of spot Bitcoin ETFs.

Why it matters: In May 2024, speculation about an Ethereum ETF approval spurred spot buying on Coinbase, boosting ETH's price.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.39T, a 0.08% increase over the last day.

The total crypto market volume over the last 24 hours is $63.11B, which makes a 15.33% decrease. The total volume in DeFi is currently $3.53B, 5.59% of the total crypto market 24-hour volume. The volume of all stable coins is now $57.61B, which is 91.29% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 54.82%, a decrease of 0.01% over the day.

Global Market Metrics

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

- Total Market Cap: Approximately $2.39 trillion USD

- Total Market Volume: Around $63.11 billion USD

- Bitcoin Dominance: 54.82%

- Ethereum Dominance: 16.73%

- DeFi Market Cap: Approximately $70.98 billion USD

- Stablecoin Market Cap: Approximately $157.44 billion USD

- DeFi Volume: Around $3.53 billion USD

- Stablecoin Volume: Approximately $57.61 billion USD

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers 

Airdrops & More News

DAILY AIRDROP
📦️ Rho Markets Airdrop

Rho Markets is running a Rho XP Loyalty Points (RXP) campaign to reward participation. The program acts an accounting system to distribute RATE tokens to early users in the future. Scroll tokens will also be distributed to RXP holders. RXP are soulbound ERC-20 tokens that are allocated in proportion to the amount supplied to the lending pools and staking.

Step-by-Step Guide:

1. Visit Rho Markets, connect your wallet and switch the to Scroll network.

2. Supply assets to the lending pools. The available assets are ETH, STONE, USDC, USDT, wstETH and solvBTC.b.

3. Click on Supply for the pool you want to deposit to and confirm the transaction.

4. The more you supply and the longer your deposit is in the lending pool, the more RXP you can earn.

5. Also, borrow from Rho Markets to earn RXP.

6. The more you borrow and longer the you hold, the more RXP you can earn.

7. Deposit more than 0.05 ETH (or equivalent in stables) to collect “Rho Pets”.

8. Each asset you supply is associated with a different Rho Pet.

9. Users who supply more than 0.10 ETH will receive an exclusive invitation code. If a user invites others who supplies at least 0.05 ETH, the inviter receives 5% of the invited person’s points.

10. In phase 1, points are allocated based on the user’s supply rate, borrow rate and number of users they invite.

11. In phase 2, pet NFTs and team mode will be introduced to make the airdrop activities more fun and engaging.

12. For more information about the Loyalty Points Program, check out this official announcement.

13. To learn more about Rho Pets, check out the Rho Markets docs.

14. Follow Rho Markets on X and turn on notification for further updates.

Other News

Yield-bearing Treasury-backed stablecoin USDY launches on Aptos. Stablecoin issuers are becoming some of the largest buyers of United States government debt at a time of increased de-dollarization.

U.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed's Gold, Draft Bill Shows. The office of Senator Cynthia Lummis, who proposed the strategic reserve at the Bitcoin Nashville conference on Saturday, shared a draft of the legislation with CoinDesk.

$35T US national debt could bolster Bitcoin’s adoption as ‘hard money’. Bitcoin could see a new all-time high due to the growing US federal debt, which has surpassed $105,000 for every living person in the country.

The Bahamas 'Dares' Again 1.5 Years After FTX Collapse, Brings in New Crypto Law. The Bahamas' Parliament passed the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), The Securities Commission of The Bahamas announced on Tuesday.

🫡 Thanks For Reading

SPONSOR US
Get your product in front of over 10k+ Investors

Our newsletter is read by thousands of professionals, investors, developers, and business owners around the world. Get in touch today.

FEEDBACK

If you have specific feedback or anything interesting you’d like to share, please let us know by replying to this email.