July 09, 2023

There are three methods to gaining wisdom. The first is reflection, which is the highest. The second is limitation, which is the easiest. The third is experience, which is the bitterest.

-Confucius

Crypto investment products continue to attract massive funding, with over $300 million pouring in within just two weeks. While the altcoins struggle to match Bitcoin's exceptional performance, it remains the firm favorite among investors. In a notable streak, crypto investment products have now seen two consecutive weeks of positive net inflows. Coinshares, a prominent asset manager, reports that investments over the last 14 days reached a staggering $334 million. This surge in spending highlights the continued interest in crypto assets, particularly in the dominant Bitcoin.

Source: thebitcoinnews

Voyager Digital Holdings, the once-promising cryptocurrency company, finds itself drowning in a sea of legal troubles. Court documents reveal that the insolvent firm has been hit with a colossal $16.5 million in legal expenses from July 2022 to May 2023. Shockingly, over $5 million of those fees were racked up just in the past few months. It seems lawyers and restructuring experts are feasting on Voyager's carcass as it struggles to navigate the treacherous waters of insolvency. With such exorbitant costs, the future looks bleak for this once high-flying digital asset player.

Source: bitcoin

"Israel's Crypto Revolution: New Bill Promises Tax Benefits and Regulatory Clarity to Attract Global Investors!" In a significant move, the Israeli Knesset has given its preliminary approval for a groundbreaking bill that aims to revolutionize the digital currency landscape. Promising tax advantages for investors and much-needed regulatory clarity for the crypto industry, this legislation is set to place Israel on the global map as a leading destination for cryptocurrency investments. What's more, the bill even goes so far as to define digital currencies, including those issued by companies, ensuring a solid framework for the future of this emerging market. Exciting times ahead for Israel and digital currency enthusiasts!

Source: cryptoslate

Bitcoin's relationship with the stock market takes a shocking turn as crypto analytics firm Block Scholes unveils that the correlation between Bitcoin's price and the Nasdaq and S&P 500 indices has hit a near-zero level. This drastic drop in correlation, the lowest since July 2021, implies that Bitcoin's fate is no longer reliant on U.S. stock market sentiment. This revelation brings up questions about the cryptocurrency's independence and potential for a separate market trajectory. Investors and analysts are eager to see if Bitcoin will continue to chart its own course or be influenced by external factors once again.

Source: coinpedia

In a surprising turn of events, Multichain's bridges leading to popular blockchain networks such as Fantom, Dogechain, and Moonriver are experiencing a substantial and puzzling drain. With huge sums flowing out without apparent explanation, the crypto community is left bewildered and searching for answers. Questions arise about the security measures taken by Multichain, as experts attempt to unravel the origins and motives behind these mysterious outflows. As investors gasp in anticipation, all eyes remain on Multichain, waiting for a resolution to this alarming occurrence, and a possible glimpse into the future of decentralized finance.

Source: coindesk

Crypto analyst warns that altcoin project Render (RNDR) could collapse if Bitcoin dips. The project, which has seen its value soar this year, could be at risk if BTC fails to maintain the $30,000 level. Altcoin Sherpa, a popular trader, urges caution to his large Twitter following, raising concerns about the future of Render. As the crypto market remains volatile, investors are advised to closely monitor the situation to avoid potential losses.

Source: dailyhodl

$30,278.06 ^-0.82%

$1,866.07 ^-2.42%

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$234.73 ^-3.86%

$1.00 ^+0.02%

*Prices Last Updated: 07-09-2023 8:41am ET

$0.02 ^+2,976.14%

$0.01 ^+374.69%

$0.17 ^+191.69%

$0.01 ^+145.04%

$0.01 ^+113.98%

*Prices Last Updated: 07-09-2023 8:41am ET

$0.04 ^-98.11%

$0.02 ^-70.96%

$22.17 ^-66.35%

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$1.04 ^-65.25%

*Prices Last Updated: 07-09-2023 8:41am ET

16,687 WBTC

$519,053,340

15,289 BTC

$476,332,800

15,270 BTC

$475,726,750

15,246 BTC

$474,992,000

15,330 BTC

$471,741,470

15,329 BTC

$471,727,070

*Transactions Last Updated: 07-09-2023 8:41am ET

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