Crypto Strategy

🚀 Marathon Shatters Records: Mining Bitcoin's Largest Block Unveils Logos' Manifesto 💎 In a dazzling display of mining prowess, Marathon has etched its name in the annals of blockchain history once more. Block 841,886 stands tall as the largest block ever to grace the Bitcoin network, and it carries with it a message – the manifesto of Logos, a champion of decentralized technology. 💰 The rewards reaped by Marathon's mining pool are nothing short of impressive. A hefty 3.16977148 BTC fills their digital coffers, with transaction fees alone amounting to a cool 0.04477148 BTC or roughly $2,654.55. 🏛 This monumental achievement surpasses the previous record held by block 832,849, which bore the mark of the Runestone Ordinal project and its enigmatic figurehead, Leonidas. While that block boasted 7 transactions, Logos' grand statement was made with just four. 📈 The trend of colossal blocks has been gaining momentum since Taproot Wizards conjured up a 3.96 MB behemoth back in February 2023. With Logos' latest feat clocking in at 3.993 MB, it seems there's no limit to the ambitions of these blockchain artists. 🎨 But let's not forget Marathon's artistic flair! Block 836,361 showcased an elegant letter "M," crafted from a mosaic of transaction types. Though smaller in size at 1.72 MB, this masterpiece managed to squeeze in an impressive 8,320 transactions. From manifestos to mosaics, Marathon continues to push boundaries and make headlines in the world of Bitcoin mining. With each new milestone, they remind us that innovation knows no bounds on this decentralized frontier.

🚫 Russia Cracks Down on Crypto Exchanges: Domestic Operations to Face Ban 🏦 Anatoly Aksakov, Chairman of the Russian Duma for the Financial Market, Drops the Hammer Starting September 1, Russia is set to tighten its grip on the crypto industry by banning domestic operations of cryptocurrency exchanges. This move comes as part of a broader bill aimed at regulating cryptocurrency mining in the country. 🛠 Mining Gets a Pass, but Exchanges Are Out While mining activities and pools will enjoy certain exceptions, Aksakov's bill leaves no room for crypto exchanges. The goal? To protect the Russian ruble, which he believes is the only true monetary unit. 💱 Digital Rubles Get a Green Light But it's not all doom and gloom for digital assets in Russia. Aksakov emphasizes that homegrown digital financial assets, such as the proposed digital ruble, will still be able to roam freely within national borders. 🌍 A Gateway to Global Markets? Aksakov sees these digital assets as a potential game-changer for Russia's financial landscape, especially in light of economic sanctions. He even hints at their role in future international transactions, calling them a "serious channel" to replace traditional fiat currencies. ❌ Circulation Not Prohibited, Just Organized Dispelling rumors of a total crypto ban, co-sponsor Anton Gorelkin clarifies that while exchanges are off-limits, the circulation of cryptocurrencies itself won't face restrictions. It's all about keeping things within an experimental legal framework. 🏦 Bank of Russia's Projects Get a Pass Too Not to be left out, the Bank of Russia's own crypto endeavors will also be exempt from this regulatory crackdown. Governor Elvira Nabiullina had previously stressed the need for a controlled approach to digital currencies in international payments. As Russia tightens its grip on the crypto landscape, it remains to be seen how this move will impact the country's position in the global digital economy.

💎Marathon Digital Chooses StanChart-Backed Zodia Custody as Crypto Custodian 📣Marathon Digital has selected Standard Chartered-backed digital asset custodian Zodia Custody to safeguard its crypto holdings. ⚡️Zodia Custody will offer secure, institutional-grade custody solutions for Marathon’s crypto holdings located outside the United States, Monday’s announcement said. ➡️The need for secure and reliable storage of digital assets is driving crypto companies to seek out crypto custodians. These specialized institutions offer a comprehensive solution, safeguarding assets from theft, loss, or misuse. 🛡Crypto custodians wield advanced security measures to achieve this protection. These safeguards include multi-signature wallets, requiring multiple approvals for any transaction. They also offer cold storage, which keeps the majority of assets offline and out of reach of online hackers.

📈 Crypto Goes Mainstream: Over Half of Canadian Institutional Investors Embrace Digital Assets in 2023 🏦 In a groundbreaking shift, a recent survey reveals that 50% of Canadian institutional investors are now actively offering crypto asset products to their clients. This marks a significant 9% increase from just two years ago. 📊 The biannual study, conducted by KPMG Canada and CAASA, highlights that nearly 40% of institutional investors now have some form of exposure to digital currencies, up from around 30% in 2021. 📈 Among the preferred investment vehicles, ETFs and regulated products take the lead, with half of the surveyed investors opting for these options. Additionally, crypto-related public equities have gained traction, attracting 58% of respondents compared to a modest 36% in the previous year. 💼 While venture capital and hedge funds saw a slight dip in interest, with only a quarter investing as limited partners, Kunal Bhasin from KPMG suggests that the industry's resilience after the FTX collapse and the allure of crypto as an inflation hedge played key roles in this evolving landscape. 🌱 Kareem Sadek, also from KPMG, emphasizes that Canada's progressive approach to approving bitcoin and ethereum ETFs and enabling advanced strategies like Ethereum staking has been instrumental in attracting institutional players. 💼 As for portfolio allocation, an impressive third of those surveyed have committed 10% or more to digital assets. This is a substantial leap from a mere 5% in 2021. The growing maturity of the market and improved custody solutions are cited as major factors driving this increased confidence. With crypto assets gaining recognition as an alternative asset class, it seems that Canadian institutions are increasingly embracing the potential of digital currencies as they navigate an ever-evolving financial landscape.

🎮 Zentry: Uniting Gamers and Rewriting the Rules of Play 🚀 GuildFi's Bold Rebranding: Zentry Takes the Stage Web3 gaming guild GuildFi, backed by heavyweights like Binance Labs and Coinbase Ventures, is shedding its old skin and emerging as Zentry. This strategic move sets the stage for a thrilling new chapter in the world of gaming. 📣 Token Conversion Program: From GF to ZENT Zentry isn't just about a fresh coat of paint. It's introducing a token conversion program, allowing loyal holders of the original GuildFi token (GF) to seamlessly transition into the exciting realm of ZENT. 🌐 The Superlayer: Where Gaming Universes Collide Imagine a world where gamers from all walks of life, regardless of their preferred platform, can come together in one unified economy. Zentry aims to build this dream with its ambitious project, aptly named the Superlayer. It's not just about games; it's about forging connections and creating a digital tapestry that transcends boundaries. 🟢 From Pixels to Reality: Gaming Meets Social Media and IRL Zentry isn't content with blurring the lines between virtual worlds alone. It wants to weave social media and real-life experiences into this grand tapestry. The result? A new kind of game, where every aspect of your existence can be gamified. 🌟 Jarindr Thitadilaka: Pioneering the Play Economy Jarindr Thitadilaka, the visionary founder and CEO of Zentry, envisions a future where gaming isn't just a pastime but an integral part of our daily lives. "We're reshaping how gamers are recognized and rewarded," he declares, emphasizing the impact on both our digital and real-world selves. 📈 Web3 Gaming: A Thriving Ecosystem with No Signs of Slowing The web3 gaming revolution is in full swing, with VC investments pouring in. In 2023 alone, blockchain gaming rounds hit a staggering $1.7 billion, fueling the growth of projects like Immutable's 270-strong game lineup.

🚀 Crypto Education Takes Center Stage During Financial Capability Month ➡️ As National Financial Capability Month kicks off in the U.S., it's not just traditional finance that's in the spotlight. Crypto education is gaining momentum, with Americans showing a growing interest in digital assets. 📈 A recent study by Securityorg revealed that crypto ownership in the U.S. surged by 10% last year, with a staggering 93 million people now holding cryptocurrencies. ⏰ The upcoming Bitcoin Halving event is further fueling curiosity around the world's most famous cryptocurrency, making crypto education all the more crucial. 💡 Kendra Cole, CEO of Sparrow Finance, emphasizes the need for better educational opportunities, especially for women and children, to ensure broader adoption of Bitcoin. Sparrow Finance recently participated in Chicago's Ultimate Baby Shower, engaging with new parents about digital assets and their potential for building connections. 📣 Not to be left behind, Coinbase, one of the leading cryptocurrency exchanges, is taking its commitment to education to the next level. With an eye on improving the financial system, Coinbase is airing a commercial during NBA Playoff games on major U.S. channels to explain the intricacies of the Bitcoin halving event.

Grayscale's GDIF: A Bold Move into Proof-of-Stake for Millionaires 🚀 📈 Grayscale, the digital asset management giant, is making waves again with its latest offering. Introducing the GDIF, a dynamic income fund tailored exclusively for accredited millionaires. This move signifies Grayscale's first foray into actively managed investments. 💼 With a focus on staking rewards and a keen eye on the ever-expanding proof-of-stake landscape, GDIF aims to maximize returns for its exclusive clientele. But remember, this opportunity comes with a caveat – it's not registered under the U.S. Securities Act of 1933. 📉 While Grayscale's spot bitcoin ETF has been a hit, GDIF offers a fresh avenue for investors seeking exposure to the dynamic world of crypto. Despite some recent value losses, Grayscale remains a major player in the market, ranking second in trading volume. 🔍 In other news, Grayscale is taking its time to evaluate the potential acquisition of EthereumPoW tokens. The review period has been extended as the company navigates the complexities of staking and regulatory scrutiny. ❗️ The Ethereum community may be divided between PoS and PoW, but Grayscale is keeping an open mind. As they explore opportunities in both camps, it's clear that this seasoned player knows how to adapt to an ever-evolving market.

Bitcoin Technical Analysis: Oscillators Neutral, Moving Averages Split on Future Direction 📉 🔍 Mixed Signals: Bitcoin's current state is marked by neutral oscillators, with the RSI at 51, indicating a balance between buyers and sellers. The Stochastic and CCI also reinforce this indecision. However, the momentum oscillator hints at underlying bullish sentiment, contrasting with a bearish MACD. 📈 Long-Term Optimism: Moving averages present a contrasting view. Short-term EMAs and SMAs suggest bearishness, while longer-term ones indicate positive sentiment and potential for upward movement. 📉Short-Term Downtrend: The 1-hour chart shows bearish drops, reflecting cautious trader behavior. The 4-hour chart reveals volatility but also a story of recovery after a sell-off. 📈 Macro Perspective: The daily chart showcases an overarching uptrend but also a consolidation phase, with significant volumes marking both advances and declines. 🐂 Bull Verdict: Despite short-term caution, the long-term indicators paint a promising picture of resilience and growth, with strong buying interest suggesting future rallies. 🐻 Bear Verdict: Immediate technical indicators signal potential turbulence, with short-term sell signals and selling pressure in shorter time frames warranting caution.

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Crypto Council Stands with Coinbase Against SEC: A Battle for Fair Regulation ‼️ 💼 In a show of solidarity, the Crypto Council for Innovation (CCI) has come forward as a friend of the court to support Coinbase in its ongoing legal tussle with the Securities and Exchange Commission (SEC). 🛡 Coinbase's plea for clearer rules was met with a disappointing denial from the SEC back in December 2023. But it seems the exchange isn't backing down, arguing that the regulatory body's actions have been nothing short of arbitrary. 📝 An amicus brief might sound fancy, but it's essentially a way for those not directly involved in a case to lend their voice. And the CCI, with its diverse membership from across the crypto landscape, is doing just that – advocating for responsible global regulation. 📌 Ji Kim, the CCI's General Counsel, minces no words when he says that the SEC's approach is tantamount to "regulation by enforcement," which not only flouts the rulebook but also spells trouble for the burgeoning digital assets industry. 📣 Coinbase isn't just playing defense; it's gone on the offensive too. In March, it fired back at the SEC with a lawsuit demanding that the agency get its act together and provide some much-needed clarity for crypto companies. 🌍 The CCI warns that this regulatory quagmire isn't just hurting American innovation; it's also pushing businesses and investors toward more welcoming shores abroad. The U.S., once at the forefront of digital finance, risks losing its edge if it doesn't catch up soon. 🔍 It's not just about empty promises either. The CCI points out that the SEC's dismissal of Coinbase's request lacked substance, offering little more than a single sentence to justify its stance. That, according to Kim, is a far cry from what the law demands.