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BTC, ETH Hold Steady, DOGE Spikes As Biden Bows Out 📈

Winklevoss Twins Donate $1M to “Unseat” Sen. Elizabeth Warren, BTC ETFs See $1.2B Inflow as ETH ETF Has Launch Date, Percent Addresses in Profit, and more!

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Traci Smith & Mike Cullison
July 22, 2024

GM 💡 The news keeps coming! Get your Daily Gains Crypto News in 5 minutes or less with all the must-know info in the crypto scene 👍

In Today’s Crypto World:

  • BTC, ETH Hold Steady, DOGE Spikes As Biden Bows Out 📈

  • Winklevoss Twins Donate $1M to “Unseat” Sen. Elizabeth Warren 🤯

  • BTC ETFs See $1.2B Inflow as ETH ETF Has Launch Date 💵

  • Gainers & Newbies 👀

  • Wolverine Brown & Gold 😎

  • Percent Addresses in Profit 📈

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Bitcoin, Ethereum Hold Steady, Dogecoin Spikes As Biden Bows Out Of Presidential Race

Bitcoin and Ethereum consolidated, while Dogecoin rose as President Joe Biden announced his withdrawal from the 2024 presidential race.

finance.yahoo.com

Gemini’s Winklevoss Twins Donate $1M to “Unseat” US Sen. Elizabeth Warren

Winklevoss Twins have donated a total of $1 million to John Deaton, a crypto advocate and senate candidate, to dethrone Elizabeth Warren.

cryptonews.com

Bitcoin ETFs See $1.2B Inflow as CBOE Sets Ethereum ETF Launch Date

This week has seen a bumper inflow for spot Bitcoin exchange-traded funds. Meanwhile, the Chicago Board Options Exchange has announced the official launch date for Ethereum ETFs in the United States. 

cryptopotato.com

DEGEN PLAYS
GAINERS & NEWBIES 👀

*Market insights are updated daily.

VEVE & NFT
WOLVERINE BROWN & GOLD 😎

CHART OF THE DAY
PERCENT ADDRESSES IN PROFIT 📈

What is This Chart Showing?

This chart shows the proportion of distinct addresses holding bitcoin where the average purchase price is beneath the current market value.

"Purchase price" refers to the price of Bitcoin at the moment bitcoins were moved into an address.

It is the inverse chart of Percent Addresses in Loss.

Why is this chart useful?

It can be useful to track market sentiment over time as it is able to show the extent to which the general market is holding onto bitcoin at a profit, or at a loss.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - WHAT IS FANTOM? 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS GRT? 💡

The Graph (GRT) is a decentralized protocol for indexing and querying blockchain data, making it accessible and usable. Key points include:

  1. Data Indexing: GRT efficiently indexes data from various blockchains, enabling quick and reliable querying.

  2. Decentralization: It operates on a decentralized network, ensuring data integrity and availability without a single point of failure.

  3. Developer-Friendly: Offers easy-to-use APIs and tools, making it simple for developers to build and deploy decentralized applications.

  4. Scalability: Supports a wide range of blockchain networks, allowing for seamless integration and scalability.

These features make GRT an invaluable resource for developers and projects needing reliable, decentralized data access. 

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.05/31/202406/12/