Crypto Purchases with Stripe, XRP Price Update, and New Browser Extension from Uniswap Lab - July 17, 2024
A quick and digestible recap of yesterday’s crypto news.
TL;DR: Market Insights in Seconds
LiFi Protocol: Suffers a $10 million attack, raising security concerns.
Kraken: Partners with Tottenham Hotspur as their first official crypto partner.
Stripe: Enables crypto purchases for EU clients via card integration.
Kraken: Receives funds from Mt. Gox trustee, distribution expected soon.
BTC: Price forecasts predict bullish action as it surpasses $65,000.
Ripple's: XRP jumps 48%, with analysts predicting a potential surge to $10.
Ethereum ETFs: Expected to drive ETH to new all-time highs.
Worldcoin: Jumps 20% ahead of early contributor unlocks.
Uniswap Labs: Launches a wallet browser extension.
FTX and CFTC: $12.7 billion settlement after prolonged negotiations.
Price Update
Bitcoin Traders Predict Bullish Price Action Now That BTC Is Above $65K
Bitcoin traders are forecasting a strong bullish trend as the cryptocurrency surpasses the $65,000 mark. Analysts believe this price level could trigger further upward momentum, driven by increased investor confidence and favorable market conditions.
Ripple’s XRP Jumps 48% in 2 Days
Ripple's XRP has surged by 48% over the past two days, leading to speculation that the price could reach $10. The rally is fueled by positive market sentiment and ongoing developments in Ripple’s legal battles. Analysts are optimistic about XRP’s potential, citing strong technical indicators and market dynamics.
Worldcoin Token Jumps 20% With Unlock for Early Contributors Starting Next Week
The Worldcoin token has experienced a 20% price increase ahead of the scheduled unlock for early contributors. The extension of the unlock period has generated significant interest and anticipation among investors. This price movement reflects the market's positive sentiment towards the token’s potential and upcoming developments.
Market Trends and Expectations
Bitwise Predicts Ethereum ETFs Will Launch ETH to New All-Time High
Bitwise has predicted that the introduction of Ethereum ETFs will launch ETH to new all-time highs. The firm believes that ETFs will attract significant institutional investment, boosting the demand and price of Ethereum. This development is expected to solidify Ethereum's position as a leading digital asset in the market.
Kraken Receives Funds from Mt. Gox Trustee, Distribution is Within Weeks
Kraken has received substantial funds from the Mt. Gox trustee and plans to distribute them within the next few weeks. This development marks a significant step towards resolving the long-standing Mt. Gox bankruptcy case. The distribution of funds is expected to bring some closure to creditors who have been awaiting compensation for years.
New Partnerships and Developments
Kraken Announces Partnership to Become First Official Crypto Partner of Tottenham Hotspur
Kraken has announced a groundbreaking partnership with Tottenham Hotspur, becoming the football club's first official crypto partner. This collaboration aims to improve the visibility of cryptocurrencies and blockchain technology within mainstream sports. The partnership will include different promotional activities and educational initiatives to increase awareness and adoption of digital assets among football fans.
Stripe Enables Crypto Purchases for EU Clients Through Card Integration
Stripe has expanded its services to allow crypto purchases for EU clients through card integration. This move simplifies the process of buying crypto, making it more accessible to a broader audience in Europe. By integrating card payments, Stripe aims to streamline the user experience and support the growing demand for digital assets in the region.
Uniswap Labs Publicly Launches Wallet Browser Extension Supporting 11 Blockchains
Uniswap Labs has launched a new wallet browser extension that supports 11 blockchains. The goal is to improve the user experience by providing seamless access to multiple blockchain networks. The extension is expected to drive greater adoption of Uniswap’s platform and facilitate broader participation in the decentralized finance ecosystem.
Don’t Miss Anything
FTX and CFTC Agree to $12.7 Billion Settlement Following Months of Negotiations
FTX has reached a $12.7 billion settlement with the Commodity Futures Trading Commission (CFTC) after months of negotiations. This settlement addresses allegations of regulatory violations and focuses on resolving outstanding legal issues. The agreement is seen as a significant step towards regulatory compliance and restoring trust in the exchange.
LiFi Protocol Under Attack with Over $10 Million Drained
The LiFi protocol has experienced a significant security breach, resulting in a loss of over $10 million. This incident has raised serious concerns about the security measures in place for decentralized finance (DeFi) platforms. The attack exploited vulnerabilities in the protocol’s code, emphasizing the need for enhanced security practices in the rapidly growing DeFi sector. The LiFi team is currently investigating the breach and working on measures to prevent future attacks.
Today's market highlights significant security challenges, strategic partnerships, and promising price movements. The LiFi protocol attack underscores the need for stronger security in DeFi, while partnerships like Kraken's with Tottenham Hotspur and Stripe's new integration signal growing mainstream adoption. Legal resolutions, such as the FTX settlement, further emphasize the importance of regulatory compliance and industry transparency, currently a hot topic. Stay tuned for tomorrow’s newsletter to get the latest insights and updates in the market.
Take a look at our website for more insights: https://blockconsulting.cc