Crypto venture funding drops 59% to $1.9 billion in Q2, later-stage deals dominate

Ethereum is experiencing significant short interest as its price drops below $4,300, raising concerns about a potential correction despite strong fundamentals and institutional support.

Editor’s Note: This situation is crucial as it highlights the volatility in the cryptocurrency market. The struggle of bulls to maintain support levels could lead to larger liquidations, impacting investors and the overall market sentiment.

The Royal Government of Bhutan has transferred nearly 800 BTC, worth around $92 million, into two new wallets, stirring discussions in the crypto market.

Editor’s Note: This transfer is significant as it reflects Bhutan's ongoing engagement with cryptocurrency, especially during a time when Bitcoin prices are fluctuating. Such moves can influence market sentiment and investor behavior.

Tether has appointed Bo Hines, the former White House crypto director, to enhance its position in the US stablecoin market. This move is expected to strengthen Tether's influence and innovation in the cryptocurrency space.

Editor’s Note: This appointment is significant as it brings expertise from the White House to Tether, a major player in the stablecoin sector. Hines' experience could help navigate regulatory challenges and boost Tether's competitive edge in the rapidly evolving crypto landscape.

Cryptocurrency and related stocks are experiencing a decline as traders prepare for the upcoming July FOMC meeting minutes and Jerome Powell's speech at Jackson Hole, with concerns about a potentially hawkish stance from the Federal Reserve.

Editor’s Note: This situation is significant because it reflects traders' anxiety about monetary policy changes that could impact the crypto market. Powell's speech is closely watched, as it may signal the Fed's future actions regarding interest rates, which can greatly influence market sentiment.

The Qubic community is now targeting Dogecoin after successfully executing a 51% takeover of Monero. This shift raises concerns about the security of the popular meme coin.

Editor’s Note: This situation is significant as it highlights vulnerabilities in cryptocurrency networks. The attack on Monero and the subsequent focus on Dogecoin could lead to increased scrutiny and fear among investors, impacting the broader crypto market.