Institutional Interest Soaring: Why are BTC and ETH Futures Making Waves?

StarkNet Launches Testnet for “Quantum Leap” Upgrade ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.21T (+1.75%) 24 Hour Volume $36.11B (+23.55%) Notable Movers[(BCH) $297.20]( (+12.07%) Notable Movers (DeFi)[(FXS) $6.86]( (+8.39%) Bitcoin Dominance 49.93% [(+0.19%)]( Bitcoin Price[(BTC) $31,255.12 (+2.67%)]( Ethereum Price[(ETH) $1,943.81 (+1.86%)]( Cardano Price[(ADA) $0.2913 (+1.64%)]( Today’s Top Stories [BlackRock’s Larry Fink: Bitcoin Could “Revolutionize Finance”]( BlackRock CEO Larry Fink expressed a positive view of Bitcoin, stating that it has the potential to revolutionize finance if more assets and securities are tokenized. Fink also highlighted Bitcoin's role as an alternative asset for investors seeking to hedge against inflation and currency devaluation. Despite his comments, the price of BTC did not experience significant movement. [Q2 Bitcoin Mining Revenue Surges to $184M Due to BRC-20 Hype]( Bitcoin miners have experienced a significant increase in earnings from transaction fees in Q2 2021, reaching a total of $184 million. This surge is attributed to the popularity of BRC-20 tokens and Ordinals, which have led to higher transaction fees as users mint tokens and utilize the Bitcoin network. [Institutional Interest Spikes as BTC and ETH CME Futures Hit $46.8B in Trading Volume in June]( Institutional investors have shown increased interest in financial instruments related to Bitcoin and Ethereum, with significant growth observed in spot trading volumes, derivatives trading, and CME futures contracts. The recent filing of a spot Bitcoin ETF by BlackRock has sparked bullishness in the market, leading to other major asset managers filing their own applications. [Singapore Bank DBS Launches Digital Yuan CBDC Platform for Corporate Clients in China]( DBS Bank's China subsidiary has introduced a payment system to support China's central bank digital currency (CBDC), allowing companies to receive payments in e-CNY and have instant settlements. The platform has undergone successful testing and will be accessible to Chinese corporate clients. [StarkNet Launches Testnet for “Quantum Leap” Upgrade]( StarkWare's layer-2 solution, Starknet v12.0, is undergoing testing and aims to significantly increase Ethereum's throughput. If approved, the upgrade could go live on mainnet by July 13, offering reduced transaction fees and improved user experience for decentralized applications. [Read The Full Newsletter]( [How To Track Smart Money in the Crypto Space]( How To Track Smart Money in the Crypto Space Navigate the complex crypto universe by learning how to follow the trail of smart money and make informed decisions! [Read More]( [Are These the Next Blockchain Titans?]( Are These the Next Blockchain Titans? We peek into the crystal ball of blockchain innovation to look at some crypto projects that are gaining attention as the potential next big thing. [Read More]( Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2023 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States