Drop in Bitcoin Mining Difficulty ‘Comparable to FTX Collapse,’ CryptoQuant Says
Miners’ profitability has been hit as the daily revenues fell from $78 million pre-halving to $26 million currently, one market analyst noted.Source
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MetaMask Developer Consensys Releases New Toolkit for ‘Seamless Onboarding’
The Delegation Toolkit will allow for instant user onboarding without needing to interact with a traditional wallet, in addition to eliminating “user friction completely,” meaning no pop-ups or confirmations when switching between a decentralized application and wallet.Source
Bitcoin ETF Traders Buy the Dip With Nearly $300M Inflows
Such inflows are the highest since early June, data shows, with Blackrock’s BTC ETF taking on almost $190 million.Source
Bullish Bitcoin Drivers Remain in Play Despite Germany’s Sales, Mt. Gox Reimbursements
Macro factors and persistent “risk-on” in traditional markets suggest a promising outlook after BTC-specific supply overhangs run dry.Source
Digital Asset Funds Flip Positive for First Time in 4 Weeks: CoinShares
CoinShares attributes the inflows to recent price weakness prompted by defunct crypto exchange Mt. Gox initiating preparing to initiate repayments to creditors.Source
Ether Retakes $3K Amid Signs of Seller Exhaustion Before ETF Debut
Discounts in the Grayscale Ethereum Trust and the Coinbase indicator have evaporated in a positive sign for the ether bulls.Source
Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies
U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said.Source
France Votes for Hung Parliament as Major Parties Fall Short of Majority
The absence of an outright majority could hamper the passing of new legislation, including crypto regulations.Source
Ethereum ICO-Era Stalwart Golem Sent $100M Ether to Exchanges in the Past Month
The protocol was one of the first ICOs on Ethereum, raising $8.6 million worth of ether in 29 minutes and setting the precedent for thousands of other ICOs in the years since.Source