9 asset managers have filed for a spot #Bitcoin ETF

Total AUM: $15 TRILLION 🚀

TODAY’S ALTCOIN NEWS & UPDATES

Presenting the most interesting and important crypto market events that took place today.

TVL distribution among Base Ecosystem

Total Base Ecosystem TVL: $130M
1. BaseSwap TVL: $54.9M
2. Beefy TVL: $12.7M
3. SwapBased TVL: $12.3M

Bitget (BGB) is launching fiat deposits campaign

Promotion period will begin on August 18 and will last till October 30. Users can use one of the four payment options to buy crypto with fiat and share 250,000 BGB reward pool.

👉 bitget.buzz

POLYGON ECOSYSTEM WEEKLY OVERVIEW

Within the last week, the following changes in the Polygon Ecosystem occurred:
🔹 Market Cap decreased by $100M down to $12.4B.
🔹 BTU Protocol $BTU gained 33.4% and got 1st place in the Top-5 Weekly Price Gainers.
🔹 OpenOcean $OOE Trade Volume increased by 37.6% and headed the Weekly Trade Volume Gainers.

Web3 Studio Sortium Raises $7.8M in Seed Round

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🚨 Suspicion Arises as Bankrupt Voyager Transfers Tokens to Coinbase – What's Going On?

Bankrupt crypto lender Voyager Digital's recent transfer of 1,500 Ether (ETH) and 250 billion Shiba Inu (SHIB) tokens, worth around $2.77 million and $2.7 million respectively, to Coinbase has ignited suspicion and speculation in the crypto community.

Get ready to dive into the latest whirlwind of Crypto News!

💡X (Twitter) receives money transmitter license for payment services in Georgia

🇺🇸The former US president Trump holds $500,000 in crypto, revealed in financial records

🇦🇷Pro-Bitcoin candidate Javier Milei wins primary presidential election in Argentina

💡Sam Bankman-Fried is sent to jail ahead of trial

bitmart.tech

#ALTS MARKET CAP ANALYSIS

Alts market cap is attempting to break out the big symmetrical triangle. It is breaking out the MA 100 and the Ichimoku cloud is acting as resistance on the trendline of the triangle.

There is a low decreasing volume in Alts for a long time, which could be a sign of a powerful bullish move if it successfully breakout the triangle with an increasing volume.

LayerZero has uploaded a file containing airdrop script to GitHub.

https://github.com/LayerZero-Labs/protocol-monorepo/blob/main/packages/layerzero-utilities/monorepo-utilities/src/network/airdrop.ts

Crypto media company CoinDesk has laid off 45% of its editorial staff as its parent company Digital Currency Group plans to bring on strategic investors.

https://www.theblock.co/post/244665/coindesk-lays-off-45-of-editorial-staff-as-it-eyes-deal-to-sell-company

ADA Analysis :

ADA is been trending lower after the retest of the major resistance zone of $0.299 - $0.304 and reached the structural support zone of $0.287 - $0.288. If price breaks and close below $0.287 then we can see next move down till support at $0.265 and lower. Price might form the range here, so wait for the breakout.

[MEXC Kickstarter] Win Free 50,000 USDT Airdrops by Voting Now

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The short-term correlation between Nasdaq tech stocks and Bitcoin has turned positive, indicating the two are moving more in step

Bitcoin volatility hits all-time low as trading volume slumps

🚨 Compound DeFi lending platform is now on Coinbase's Layer 2 network, Base. Users can use ETH & cbETH as collateral for borrowing bridged USDC.

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