21Shares Integrates Chainlink Proof of Reserve System for Spot Ethereum ETFs

A leading crypto firm is making use of the leading blockchain oracle service in an effort to increase transparency. According to a new announcement from 21Shares, the firm’s Ethereum (ETH) exchange-traded fund (ETF) is utilizing Chainlink’s (LINK) Proof-of-Reserve (POR). “Exciting news! 21Shares has integrated Chainlink Proof of Reserve (PoR) on Ethereum to increase the transparency …

WisdomTree CEO believes regulatory clarity under Trump will make Bitcoin ‘mainstream’

WisdomTree CEO Jonathan Steinberg believes that Bitcoin and crypto are on the brink of “mainstream” adoption and will achieve that status within the next few years. Steinberg expressed his conviction during a July 29 CNBC interview, citing regulatory clarity, the emergence of publicly traded crypto funds, and the tokenization of real-world assets (RWAs) as the …

Solana overtakes Ethereum in weekly fee revenue for the first time

Solana surpassed Ethereum in total fees and MEV tips for the first time in a weekly timeframe since its launch. According to Blockworks Research, Solana generated approximately $25 million in revenue during the week of July 22, edging out Ethereum’s $21 million. SOL was trading at $185.8 as of press time amid the wider market …

El Salvador proposes crypto trade with Russia amid sanctions pushback

El Salvador has reportedly suggested using digital assets like Bitcoin for trade with Russia to circumvent the extensive economic sanctions imposed on Moscow. Alexander Ilyukhin, Russia’s first secretary at the Nicaraguan embassy and head of its El Salvador office, revealed this in an interview with Russian state media outlet Izvestia. Bitcoin transactions The proposed use of …

Bitcoin dips to $66K as US moves $2 billion in seized BTC to unidentified wallets

Bitcoin experienced a sharp decline to roughly $66,300 on July 29 after the US government transferred $2 billion worth of seized bitcoin (BTC) tied to the Silk Road marketplace. Arkham Intelligence revealed that a US government-owned wallet transferred 29,800 BTC to an unidentified address with no prior transaction history on July 29. The address subsequently …

Justin Sun calls for China’s to shift anti-crypto stance amid Trump’s pro-Bitcoin agenda

Tron founder Justin Sun has called on China to rethink its Bitcoin policies in response to former President Donald Trump’s recent support for digital assets and his vision of the US as a global crypto leader. During the Bitcoin2024 conference in Nashville, Trump pledged to ensure that the US government will “never sell” the 210,000 …

First Bitcoin Capital-Funded Company Registered in Argentina

A company with cryptocurrency capital has been registered in Argentina, marking the first time this has happened in the country. The company, which was registered with a capital of almost $500 in bitcoin and USDC, follows the enactment of a resolution that allows companies to receive contributions in cryptocurrencies and digital assets. Argentina Registers First …

Bitget and Nansen Study Highlights Community Impact on Token Price Predictions

Bitget and Nansen Research teams have released a comprehensive report detailing the significant role community engagement plays in predicting token prices. The collaborative study underscores the importance of combining onchain and off-chain metrics for accurate price forecasting. Bitget and Nansen Highlight Community’s Role in Token Price Forecasting Researchers from the crypto exchange Bitget, and Nansen, …

US Authorities Split $2 Billion in Bitcoin Into 2 Wallets, Igniting Custody and Sale Speculation

Following the U.S. government’s transfer of $2 billion in bitcoin, Arkham Intelligence reported that the federal agency divided the funds into two separate Bech32 bitcoin addresses: one containing 10,000 BTC and the other holding 19,799.99 BTC. Arkham speculates that the 10,000 BTC may have been sent to an institutional custody service. Arkham Reports U.S. Bitcoin …

Latam Insights Encore: El Salvador Shows Bitcoin Can Be a Catalyst to Power Tourism

Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the positive impact bitcoin adoption had on the growth of the tourism industry in El Salvador and how this can be applied to other countries. Bitcoin Acknowledged to Be a Catalyst …

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