Crypto Publish 🪙 Shilling

Bit Digital, Iris Energy report declining Bitcoin output, rise in hash rate YoY Bit Digital and Iris Energy reported June Bitcoin (BTC) mining results on July 5, posting one-year hash rate increases alongside reduced BTC output since April. Bit Digital reported a hash rate of 2.57 exahashes per second (EH/s) as of June 30, up from 2.54 EH/s in May and 1.78 EH/s in June 2023. The firm produced 61.7 BTC in June, down 2.5% from May. In earlier reports, the company said it produced 63.3 BTC in May and 119.3 BTC in April.

🖼 3AC-linked wallet bought NFT for $59K due to 3-year-old offer that wasn’t canceled According to blockchain data, a wallet associated with failed crypto hedge fund Three Arrows Capital (3AC) purchased the Neon Village non-fungible token (NFT) for 20 Ether on July 5, even though the fund is bankrupt. The transaction, which is valued at $59,821 based on current prices, occurred because of an offer that the wallet placed three years ago and never canceled.

NFT Sales Volumes Crumble By 45% Quarter on Quarter: Data According to data from Cryptoslam, the NFT market experienced a significant decline in monthly volumes during Q2 compared to the first quarter of 2024. Sales volumes in Q2 fell by 45% quarter-on-quarter. In the first quarter of 2024, total sales volumes in the NFT market exceeded $4.1 billion, a substantial increase from the $2.9 billion recorded in Q1 2023. However, in Q2 2024, NFT volumes experienced a significant downturn, reporting a quarterly volume of approximately $2.28 billion, the lowest since Q3 2023.

🖼 Mark Cuban sells Pudgy Penguin for $30,000 along with several other NFTs Billionaire Mark Cuban has sold more than a dozen NFTs in recent days including a Pudgy Penguin for more than $30,000, according to one of his OpenSea wallets. The wallet associated with Cuban also appears to be trying to sell Dallas Mavericks-themed Proof of Culture NFT for nearly $50,000.

🇺🇸 Crypto exchange Gemini to pay $50 million in settlement with NY attorney general's office Crypto exchange Gemini agreed to pay $50 million worth of digital assets to Gemini Earn investors as part of a settlement announced by the New York Attorney General on Friday. The settlement comes after NYAG Letitia James said Gemini "misled thousands of investors," including New Yorkers, on risks tied to the Gemini Earn program. Gemini Earn allowed Gemini customers to loan their crypto to now-bankrupt Genesis Global Capital, LLC, and earn up to 7.4 percent APY.

💰 US spot bitcoin ETFs achieve record-breaking 18-day streak of net inflows U.S. spot bitcoin exchange-traded funds are now in their longest streak of positive flows since listing, recording their 18th consecutive day of net inflows on Thursday. The 11 funds had a total net inflow of $217.78 million, with most of the inflows coming from BlackRock’s IBIT, the largest spot bitcoin ETF by net assets. IBIT drew in $350 million worth of net inflows on Thursday, according to data from SoSoValue. Fidelity’s and VanEck’s bitcoin ETFs also saw net inflows, though significantly smaller than BlackRock’s.

Mastercard launches P2P crypto network, vanity address system Mastercard is launching a peer-to-peer platform for cryptocurrency users in Europe and Latin America. The Mastercard Crypto Credential network, which is in pilot mode, supports transactions on Bit2Me, Lirium and Mercado Bitcoin exchanges, enabling cross-border payments across the Atlantic, Mastercard said Wednesday in a statement. The P2P platform’s rollout forms part of the payments company's push to leverage digital assets for cross-border payments, a growing payments services sector.

CryptoPunks face backlash while DMarket leads NFT sales The top-ranking non-fungible token collection for Monday was DMarket, which recorded sales of US$742,104, with 4,016 unique buyers and 3,648 sellers engaging in 34,740 transactions. The second-ranking collection of the day, Fantasy Top, experienced a big daily sales dip to US$682,369 from the previous day’s US$1.80 million, according to CryptoSlam’s NFT rankings.

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Bitfinity Integrates EVM for Bitcoin DeFi with Runes Bitfinity, a layer 2 Bitcoin protocol operating over the Internet Computer (ICP), has Deployed EVM to allow for the transaction of smart contracts and DefI apps on Bitcoin through Runes. Bitfinity EVM allows the developers to deploy BTC-centered Solidity smart contracts so they can transmit BTC, Ordinal, or Runes. This integration is to capitalize on the new Bitcoin protocol called Runes that enables the minting of fungible tokens on the Bitcoin blockchain.