welcome back everybody to altcoin daily bitcoin news altcoin news big altcoin news industry news
world news in today's video i'm going to keep you up to date everything going on in cryptocurrency
smash the like button if you appreciate that check the timestamps below and congratulations if you
stuck with it because the cryptocurrency market is starting to turn around bitcoin at 23 ethereum at
1 500 b and b at 271. the biggest winners of the day are phantom nem flow mena protocol near waves
loop ring solana congrats if you hold any of those the question is is this
rally the real one is the official bitcoin bear market in and unfortunately we're not going
to know that until time passes there's a lot of reason to think that this is a major relief rally
but not necessarily out of the bear market yet we'll never really know until more time passes but
i want you to take a look at this this is bitcoin not versus the dollar this is bitcoin versus
the nasdaq take a look at this bitcoin has bounced off of one two three four major areas of support
major trend lines of support and even more than that the amount of time it's taken to get here
is impactful because it's reminiscent and in fact the same amount of time as every top and bottom
before that just something to think about so you tell me do you think the bitcoin
bottom is in of course that doesn't mean that every single alt coin bottom is in
but it does seem to me like we're witnessing a relief rally so take advantage of that
enjoy that and by the way whether we're out of the woods today or whether it takes a few more months
i believe bitcoin will rally way higher the more time passes because the fundamentals are just
so strong another one another one to think about bitcoin network has transferred 17.78 trillion
this year already smashing the record of 2021. this is really really good and of course ethereum
is leading the rally over the past couple days and with ethereum being so strong with bitcoin being
so strong we see ethereum quote unquote killers we see blue chip altcoins entering uptrends and
rallying even harder solana and avalanche enter new uptrend solana and avalanche have risen
roughly 20 percent in the past 36 hours solana needs to stay above 42 to advance to 52 avax could
trigger an upswing to 28 if it breaks 24. what do you like better solana or avalanche let me know in
the comments below and of course it's not just the ethereum killers that are doing well you guys tell
me what coins you want us to cover on the channel and we try and cover them many people have been
telling us lately vra veracity look into it if you own some congratulations it's certainly doing well
looking good on the daily huge price breakout with volume a correction would make for a great entry
and of course we did a dedicated ferocity video last year it's still up so why is the market
pumping why is the market pumping well obviously the market goes in ebbs and flows it can only go
down so long before it goes up and vice versa but why is the market pumping let's go over
some of the key pieces of news which are actually fundamentally a big deal
austrian post builds the future of digital stamp collecting austrian post the national postal
service of austria has announced the launch of its latest product called crypto stamp art csa which
is based on the ethereum blockchain the shift to focus on going digital first is significant since
austrian post is a major player in the blockchain industry and have successfully sold out several
iterations of crypto stamps since 2019 and they're still doing it even in the bear market that's what
makes it cool previous generations of crypto stamps however mostly centered the sale around
the physical stamp which was accompanied by its digital twin the launch of the csa is planned on
july 22nd after releasing the associated physical special stamp block on july 1st there are 2 500
csa mystery boxes each digital mystery box contains four non-fungible tokens nfts
a special stamp block and a physical trading card known as a special art stamp each nft has color
value distributed with different frequencies with increasing rarity so these are the rarities reds
are the rarest then yellows and blue rose and purple green turquoise friedrich amazing to see
all of these legacy services not only turning digital but turning crypto coinbase
obtains regulatory approval to provide crypto services in italy you're going to look back
in 10 years when everything is crypto and you're going to be like how did we get here well if you
subscribe to this channel you're going to know how we got here but keep in mind we're seeing
adoption happen in real time this is how it works cryptocurrency exchange coinbase announced monday
it has secured regulatory approval to provide crypto services in italy quote coinbase serves
customers across 40 european countries through dedicated hubs in ireland the uk and germany
coinbase is committed to bringing the power of our full product suite to customers across
europe this is according to the vice president we are in the process of strengthening our presence
across europe and have registrations or license applications in progress in several major markets
in compliance with local regulations you'll love to see it let's talk about altcoins let's
talk about ave ave blue chip lending ethereum based protocol in the space still continues to
do big things ave taps pocket network to beef up decentralized app development let's find out the
details ave an open source decentralized finance protocol is teaming up with decentralized web 3
infrastructure provider pocket network to offer developers increased scalability and ease of
use when building decentralized applications on the ave protocol according to the statement on
tuesday ave will use pockets distributed network of more than 44 000 nodes to access on-chain data
from various blockchains to power decentralized applications developers building ave powered apps
may now access blockchain data from pocket network on demand following the new integration quote from
the ceo of pocket network the goal is to power the next wave of decentralized applications
that combine ave's best-in-class liquidity market with pockets unrivaled rpc coverage which now
supports 50 blockchains and is well on its way to achieving its goal of 100 blockchains in 2022
ave grants dao made this agreement possible by providing a grant for the purchase of the required
pocket network native tokens p-o-k-t for ave's front-end traffic dubai is quickly becoming the
cryptocurrency capital of the world if it's not already there are tons of notable crypto people
who live in dubai and it's easy to see why not only because of the good taxes or lack thereof
of taxes but also stuff like this dubai to ramp up metaverse efforts with 40 000 new jobs let's
find out the details one of the leading crypto hubs in the middle east the emirate of dubai
launches the dubai metaverse strategy that aims to turn it into one of the world's top 10 metaverse
economies the strategy promotes dubai's ambition to support more than 40 000 virtual jobs by 2030.
al maktoum hopes to transform the emirate into a global tech capital so the people in charge hope
to transform the emirate into a global tech capital focusing primarily on ai and web 3.
the dubai metaverse strategy goes in line with the objectives of the united arab emirates a.i
strategy to enhance the nation's status as one of the world's leading countries in futuristic
sectors by investing in new technologies you'll love to see it hopefully the slights of fire under
america america can see all these other countries really pulling ahead in the web 3 space and you
got to believe that everybody is going to do it eventually because why not another sign of
adoption which might be contributing to the bull rally that we're having in the markets christie's
doubles down on web 3 with new venture arm the fund's first investment is in layer zero labs
the cross chain interoperability company behind the stargate omni chain bridge
the press release said that layer zero sits perfectly on the spectrum the fund will focus on
specifically christie's ventures will explore web3 art focused financial products and technologies
that help people consume art the world-renowned auction house has launched its venture capital arm
and it's set to focus on the web 3 space so this is exactly what we want to see if you were to
think the cryptocurrency is the future when they first started auctioning off punks or apes or
whatever it was people nfts that was their first foray into nft's first foray into cryptocurrency
and they're continuing that foray and that is really a bullish sign i'll tell you one person
who hopes that this crypto rally is the real one and that is alex mashinsky and the celsius team
celsius is hoping for a bull market to repay customers the beleaguered crypto lender celsius
said it plans to offer customers the option to either withdraw some of their money in fiat at a
discount or ride out crypto winter and remain long crypto so key takeaways celsius has revealed its
plans to reorganize and continue operating rather than face liquidation the insolvent crypto lender
said it will allow customers to withdraw cash at a discount or remain long trip don't wait for
another potential bull market the hearing also revealed 1.9 billion hole in celsius's balance
sheet i'm feeling for everybody who has money in celsius and of course we all are very aware
now and not your keys not your coins if you if this affects you let me know your thoughts
on celsius's move to do this and finally my friends i thought this was a pretty interesting
chart from the good people over at missouri which of these protocols has the most favorable token
allocation considering what they have developed so how much of the supply went into the people's
hands the public sale that's the blue and how much of the supply went into insiders
vcs and that's the red and then of course there's foundation and community allocation but really the
blue versus red and of course this is just one metric of many metrics to consider the more blue
the more regular people had the chance to buy in ethereum binance cardano tezos eos and tron
really leading the charge on that and of course i really like a lot of those some of those i
don't like as much and then you know binance polka dot avalanche icp block stack they're next again
just one of many metrics to consider but it is interesting to keep track of my name is aaron
at altcoin daily subscribe to the channel join the team i'll see you tomorrow my friends