PSquare Daily Alpha

🔔 A significant boost for the cryptocurrency sector emerged as the US SEC wrapped up its investigation into Paxos, the issuer of the Binance USD stablecoin, without proposing any enforcement action. 👉 Source ➡️ Join Us @pSquare_Channel | @pSquare_Chat

🔔 Binance Nears Deal to Reduce Gopax Stake, Selling Majority to Megazone ➡️ Binance is in final talks to sell most of its 72.6% stake in South Korean exchange Gopax to cloud service provider Megazone, reducing its stake to as low as 10%. This sale aims to meet local financial authorities' governance requirements. 👉 https://it.chosun.com/news/articleView.html?idxno=2023092119278

🔔 Binance has announced expanding its support for four trending crypto- Artificial Superintelligence Alliance (FET), FLOKI, Notcoin (NOT), and LayerZero (ZRO). 👉 Source ➡️ Join Us @pSquare_Channel | @pSquare_Chat

🔔 Propy Highlighted in Forbes for Revolutionizing Real Estate Transactions with Blockchain ➡️ In a recent Forbes article on how blockchain is redefining security and transparency in business, author Imane Adel highlighted Propy as a platform capable of streamlining real estate transactions through cutting-edge technologies. ➡️ “In real estate, companies like Propy are simplifying property transactions. The company is leveraging blockchain to streamline the buying and selling process, enhancing security and efficiency.” 👉 https://www.forbes.com/sites/forbestechcouncil/2024/07/08/the-trust-protocol-how-blockchain-is-redefining-security-and-transparency-in-business/

🔔 German Government Continues Selling Spree with Transfer of 1,000 More Bitcoins ➡️ The German government continues to transfer bitcoins to centralized exchanges, presumably to sell. On-chain analytics from Arkham show transfers of 250 bitcoins each to Bitstamp and Coinbase, totaling nearly $28 million. An additional 500 bitcoins were moved to an unlabelled address, possibly linked to an exchange or OTC service. Currently, the German government holds 38,826 bitcoins in known addresses, worth $2.17 billion. 👉 https://platform.arkhamintelligence.com/explorer/entity/germany

🔔 Binance to Delist BOND, DOCK, MDX, and POLS on July 22 ➡️ Binance will delist and stop trading all spot trading pairs for BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS) on July 22, 2024, at 03:00 (UTC). 👉 https://www.binance.com/en/support/announcement/4ffb7170f2f84ce3a06cc0cf1a788c23

🔔 Bitcoin Mining Difficulty Falls to Lowest Point Since March ➡️ On July 5, Bitcoin mining difficulty decreased by over 5% to a quarterly low of 79.50 terahashes (79.5T). This is the largest reduction since March, when it briefly dipped below 80T. Difficulty had spiked to an all-time high of 88.10T between March and May before gradually settling to the current level. 👉 https://x.com/f2pool_official/status/1809155768874328456

🔔 Justin Sun Unveils Gas-Free Stablecoin Transfers on Tron, Coming to Ethereum and EVM by Q4 ➡️ Justin Sun announced that his team is developing a solution for gas-free stablecoin transfers, with fees covered by the stablecoins themselves. This innovation will first launch on the Tron blockchain and later support Ethereum and all EVM-compatible networks. The service is expected to launch in Q4 of this year. 👉 https://x.com/justinsuntron/status/1809579898136326509

🔔 Analyst: Government Bitcoin Sales Only 4% of $225B Bull Market Inflows ➡️ Bitcoin traders should not be swayed by government BTC sell-offs, says CryptoQuant CEO Ki Young Ju. He noted that government Bitcoin sales, around $9 billion, are minimal compared to the $250 billion of inflows since the latest bull market began. "Don't let gov't selling FUD ruin your trades," Ki advised. 👉 https://x.com/ki_young_ju/status/1809293501084909592

🔔 Kraken, a global cryptocurrency exchange, won several awards in Australia, including Finder’s best overall crypto trading platform in 2024. 👉 Source ➡️ Join Us @pSquare_Channel | @pSquare_Chat