⏺OpenAI has introduced a new version of the voice AI assistant GPT-4o

⏺BTC is now below $58k, with a 15.7% drop in the past week 🌡

⏺Many altcoins are currently cheaper than during the bear market of ’22-’23.

🗣Michaël van de Poppe: "If There’s No Major Market Dip, a Party Will Start"

The director and founder of MN Trading, Michaël van de Poppe, stated that Ether is currently at a critical support level of я.

He believes that if the market avoids a significant dip in the prices of Ether and Bitcoin, investors will benefit. However, if Ether falls below $2800, it could have serious consequences for the entire crypto market.

He noted that large holders have sold $1.87 billion worth of Ether in the last three days. Despite this, Ether has the advantage of ETH-ETF. If capital flows into these funds resume, Ether’s price could exceed $3110.

🗣The Evolution of SpaceX Rocket Engines 🕔

#technology

🗣Warren Buffett sold Apple shares for a record $76 billion 😲

This accounts for 49% of the shares in his portfolio, and cash on his company Berkshire Hathaway’s balance sheet has risen to $277 billion – a record high.

🔵🩺 Pedro Neto starts his medical tests as new Chelsea player in London, plan confirmed.

🗣Coinbase’s ‘Solid’ Q2 Earnings Face Challenges from Low Volume and Fed Headwinds

Coinbase reported better-than-expected Q2 earnings with a total revenue of $1.45 billion, but transaction fee revenue fell by 27% due to lower trading volumes. Analysts characterized the earnings as solid but warned that revenue could decline further in Q3 if the trend continues.

The company remains optimistic about its other ventures, such as derivatives products and the Coinbase Wallet, despite expected high operating expenses and potential Federal Reserve interest rate cuts impacting performance.

🗣BTC is below 61K again

The USA, UK, and Canada are urging their citizens to leave Lebanon on “any available” flight. Those who choose to stay are advised to be prepared for a prolonged stay in shelters. Sweden is temporarily closing its embassy in Beirut.

The situation continues to escalate: Israel has conducted an airstrike, killing another Hamas commander and 4 Islamic Jihad fighters, according to Reuters.

Interesting times…

🗣A guy bought Intel shares a few hours before they dropped by $700,000, which he had inherited, probably assuming that a 30% correction since the beginning of the year would be enough. As a result, the shares plummeted another 30% within a day and continue to fall further🫤

🗣Polymarket: Poor Bitcoin Forecast for August 2024

Participants on Polymarket predict a decline in Bitcoin's price for August 2024:

• 48% expect it to drop below $60,000;
• with 26% betting on a fall to $55,000;
• 12% to $50,000;
• and 4% to $45,000.

Historically, August and September are weak months for BTC.
In June 2024, Polymarket's trading volume hit a record $111.5 million, and the platform partnered with MoonPay while raising $70 million from Founders Fund and other VCs. Analysts at Jefferies note that Bitcoin's price correlates with the outcome of the U.S. presidential election on November 4, 2024.

🗣Solana Outperforms Ethereum in Trading Volume for the First Time

Crypto journalist WuBlockchain reported that in July 2024, the Solana ecosystem surpassed Ethereum in trading volumes on decentralized exchanges, with $55.8 billion compared to $53.8 billion.
Colin Wu attributes this growth to the hype around meme tokens based on Solana, particularly ten meme coins with market capitalizations of up to $100 million, competing for investors’ attention.