🇰🇷📊 #BTC #USDT Upbit to List Derive’s DRV as Former Lyra Token Enters Korean Market
Upbit, South Korea’s largest crypto exchange, will list Derive (DRV) with KRW, BTC, and USDT trading pairs, with trading scheduled to begin at 17:00 Korea time on July 14. Derive, formerly known as the onchain options protocol Lyra Finance, rebranded in 2024 and migrated its token from LYRA to DRV. The protocol currently focuses on onchain options and perpetual futures trading.
Upbit, South Korea’s largest crypto exchange, will list Derive (DRV) with KRW, BTC, and USDT trading pairs, with trading scheduled to begin at 17:00 Korea time on July 14. Derive, formerly known as the onchain options protocol Lyra Finance, rebranded in 2024 and migrated its token from LYRA to DRV. The protocol currently focuses on onchain options and perpetual futures trading.
🧑💻 #BTC Bitcoin Is Building a Bottom Through a Transfer of Pain
“Eventual capitulation, or the gradual absorption of their high-cost supply by stronger hands, helps complete the redistribution necessary to build a more durable base.”.
“Eventual capitulation, or the gradual absorption of their high-cost supply by stronger hands, helps complete the redistribution necessary to build a more durable base.”.
📉 #BTC #ETH BTC and ETH Social Media Activity Falls to Lowest Level Since 2020
Crypto analyst CryptoJack noted that social media posts about Bitcoin and Ethereum have dropped to their lowest level since 2020, reflecting a continued decline from the peaks observed in 2021–2022. He believes that retail interest is waning, while institutional focus is increasingly moving toward tokenized assets. #rwa
Crypto analyst CryptoJack noted that social media posts about Bitcoin and Ethereum have dropped to their lowest level since 2020, reflecting a continued decline from the peaks observed in 2021–2022. He believes that retail interest is waning, while institutional focus is increasingly moving toward tokenized assets. #rwa
🇺🇸📊 Trading activity in US spot ETFs is currently subdued, with volumes down 78% from their peak and below 2024 levels. A sustained recovery in $BTC price momentum will likely necessitate renewed attention and market participation from other asset classes. #etf
🇺🇸🏦 The American Bankers Association (ABA), Independent Community Bankers of America (ICBA), and 76 other state banking associations have sent a joint letter to Senate leaders opposing the provisions of the CLARITY Act on stablecoin yield. #stablecoin
📊 #BTC Wintermute: BTC holding above $62,000 and recovering to $64,000 despite geopolitical shock last week, indicating weaker holders largely shaken out.
Crypto ETFs also saw net inflows of $282 million after eight consecutive weeks of outflows, while Strategy company reported selling 3,588 BTC to fund dividends, causing a minor market disruption.
With the likelihood of a rate hike in September increasing to 61% due to rising oil prices, the release of the consumer price index on Tuesday may determine if economic recovery will continue. #etf
Crypto ETFs also saw net inflows of $282 million after eight consecutive weeks of outflows, while Strategy company reported selling 3,588 BTC to fund dividends, causing a minor market disruption.
With the likelihood of a rate hike in September increasing to 61% due to rising oil prices, the release of the consumer price index on Tuesday may determine if economic recovery will continue. #etf
🇯🇵🕵️ #USDC The largest Japanese payment network JCB has engaged Circle (#CRCL) to explore the use of stablecoins for cross-border payments and merchant transactions. #stablecoin
🇺🇸📝 USA - ADP Employment (week) = +19.7K (expected - / previous +21K) #macro
🆕 Stablecoin Payments App Plasma One Launches on Android
Stablecoin payment network Plasma has launched its Plasma One account and card app on Android, supporting stablecoin deposits, transfers, and card payments. Eligible new Android users who complete identity verification and deposit at least $100 in supported stablecoins during the promotion period can receive six months of free Core membership. Existing users and iOS users are not eligible. #stablecoin
Stablecoin payment network Plasma has launched its Plasma One account and card app on Android, supporting stablecoin deposits, transfers, and card payments. Eligible new Android users who complete identity verification and deposit at least $100 in supported stablecoins during the promotion period can receive six months of free Core membership. Existing users and iOS users are not eligible. #stablecoin
This media is not supported in your browser
VIEW IN TELEGRAM
🗣 Adam Back stated, "The adoption of Bitcoin treasuries remains largely ahead of us. That's another catalyst that's still coming." He also remarked, "Everybody buys #BTC at the price they deserve.".
🇺🇸📝 #macro US:
- Consumer Price Index (CPI; June):
- m/m: -0.4% (forecast: -0.1%; prior: 0.5%)
- y/y: 3.5% (forecast: 3.8%; prior: 4.2%);
- Core CPI (y/y): 2.6% (forecast: 2.8%; prior: 2.9%).
- Consumer Price Index (CPI; June):
- m/m: -0.4% (forecast: -0.1%; prior: 0.5%)
- y/y: 3.5% (forecast: 3.8%; prior: 4.2%);
- Core CPI (y/y): 2.6% (forecast: 2.8%; prior: 2.9%).