BTC Completes Comeback in July, Bulls Hold Ground
BTC recorded its best monthly gains since October 2021 as it completed its strong comeback in July. Bitcoin and other altcoins’ recoveries pushed the Crypto Fear and Greed Index to 42 on Saturday, its highest since April.
Attempts by the bulls to sustain the price above $24,200 have failed as the bears defend the level with vigor, however, the bulls haven’t lost much ground in the battle. At the time of writing, BTC trades at $23,200.
This indicates that the bulls aren’t booking profits and are waiting for Bitcoin to break through the overhead resistance and rally to its comfort zone of $28,000 to $30,000. The 20-day EMA is sloping upwards, the RSI is in positive territory which indicates the bulls seem to have the upper hand at the moment.
dPlay Adds New Video Slots to Its Catalog, FUNToken Prepares for XFUN Arcarde
dPlay’s ever-growing roster received a few new additions last week – 5 new video slots by BGaming and Evoplay, namely Gold Rush with Johnny Cash, Mechanical Clover, Jelly Boom, Journey to the West, and Candy Dreams: Sweet Planet.
dPlay Casino also features a host of cashback promos including Blackjack Cashback Weekends and Weekly Cashbacks on Roulette and RNG Games. Click here to connect your account to dPlay and enable seamless FUNToken deposits and withdrawals.
Meanwhile, FUNToken has confirmed four branded games for XFUN Arcade, developed with SkillGaming. They are Chop chop FUNky, FUNky Run, Sticky FUNky, and Jumpy FUNky and will feature XFUN Arcade’s mascot FUNky Frog. Click here to learn more.
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Ethereum Merge One Testnet Merger Away
Lead Ethereum developer Tim Beiko confirmed the date for the final testnet merger before the blockchain completely transitions to proof-of-stake. Known as the Goerli merge, it is set to be completed by the second week of August.
The merger will be completed in two phases starting August 4 with the Bellatrix upgrade which will be triggered by the epoch height of 112260. The second phase will be called Paris where the execution layer will transition from PoW to PoS. This phase is expected to be completed between August 6-12.
The Paris upgrade will be triggered by a specific Terminal Total Difficulty (TTD) of 10790000. Once the execution layer crosses that threshold, the next block will be solely produced by a PoS validator.
This testnet merge would be the final step before Ethereum transitions to PoS in the third week of September.
CRYPTO NEWS WEEKLY ROUNDUP:
Solana Opens First Physical Store – Solana Spaces – in New York City
Last week, the first Solana Spaces store opened in Hudson Yards, New York City. The store sells limited merchandise but will mainly serve as a retail-as-a-service hub.
”It’s a store designed to be an educational experience,” said Vibhu Norby, CEO of Solana Spaces. “We do sell merch, Solana socks and hoodies and other fun things, but that isn’t the main point of it.”
At the store, new users receive free instructional sessions on how to set up a crypto wallet and connect to various DApps like Stepn, Orca, Solana Pay, Metaplex, and Magic Eden.
During a Twitter AMA, Vibhu Norby also divulged that around 400 people visited the store on opening day and they project introducing 50,000 to 100,000 people to Solana every month through these stores.
KuCoin Becomes the First Exchange to Debut NFT ETFs
KuCoin, in partnership with NFT infrastructure provider Fracton Protocol, launched its NFT ETF Trading Zone last week. It’s a USDT-dominated investment product that marks major NFT assets; the first ETF trades under the symbol hiBAYC and is tied to the Bored Ape Yacht Club.
The Trading Zone is also set to cover other NFT projects starting with hiPUNKS (CryptoPunks) on August 4 and Koda NFTs, SAND, and ENS in the coming weeks.
This product aims to increase liquidity by lowering the investment threshold, eliminating risks and concerns associated with NFT infrastructure elements, and harnessing USDT instead of ETH.
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