Illicit crypto volumes likely $51B in 2024, but overall share falls: Chainalysis
2024 saw nearly $41 billion worth of illicit crypto volume, but that could climb to around $51 billion as more criminal-tied addresses are found, Chainalysis says.
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Bitcoin drops below ‘critical’ level for avoiding a return to $31K — gold rises on inflation data
Bitcoin (BTC) fell to support which could determine a $30,000 retest on July 13 as bulls failed to make their case for fresh gains.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin bulls see $33,000 slip awayData from Cointelegraph Markets Pro and TradingView showed another lackluster performance for BTC/USD on Tuesday, with local lows at $32,240 on Bitstamp.Ranging…

History shows Bitcoin price may take 3-12 months to finally break $20K
Bitcoin (BTC) has had four market cycles since its inception in 2009, from a bottom to a new peak. The cycles ranged from over 600 days to around 1,050 days. The most recent cycle has just surpassed 300 days, which suggests it could last 3-12 more months.If Bitcoin’s price remains stable for several months to…

1,000 true fans? Just two will do with NFTs: Li Jin of Atelier
It was once said that the internet would make it possible for anyone with 1,000 fans to make a living, but Li Jin believes that in the age of NFTs, one or two serious supporters may be enough.Jin is a flag bearer for the “passion economy,” which she describes as an economic system that allows…

Avalanche growth sparks third-party cross-chain bridges
Avalanche blockchain launched its own official Ethereum bridge in 2021, but now a third-party cross-chain bridge claims to reduce transaction cost even further. 332 Total views 11 Total shares Avalanche (AVAX), a Layer-1 proof-of-stake (PoS) blockchain network, gets a new cross-chain bridge from Umbria Network to help traders transfer liquidity between Ethereum mainnet and the…

Multiple buyers consider purchase and relaunch of ‘irreparable’ FTX
Lawyers handling the FTX bankruptcy case are considering offers that could eventually lead to a relaunch of the troubled exchange.At an Oct. 24 hearing of the United States Bankruptcy Court in the District of Delaware, Kevin Cofsky of Perella Weinberg Partners revealed he is negotiating with several parties interested in purchasing the company.Cofsky, an attorney

Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Memecoins HODLlers outnumber Bitcoin, Binance survey says
Memecoins were also tipped by survey respondents as a leading source of market growth next year, behind AI tokens.

Crypto Lending Platform Compound to Start Distributing Tokens
The Compound community approved a proposal calling for the distribution of the COMP token to all users of the DeFi protocol. 1535 Total views 38 Total shares Compound’s governance token will be available for distribution to all users of the decentralized finance (DeFi) protocol beginning on June 15.According to a June 10 tweet from Compound,…