Crypto Daily — DeFi, NFT, Web3

💰 Trust Wallet launched P2P. Now users can buy crypto directly from each other — without intermediaries and with payment in local currency.

💰 The President of Ripple stated at a conference in New York that the company has NO plans or timeline for an IPO.

📊 The MVRV indicator for Bitcoin has dropped to 1.8 (the lowest since April), which historically signals reaching a local bottom and accumulation zone — analysts point to support around $99,000. Fundamental indicators remain healthy: exchange reserves are decreasing (coins are being moved to personal wallets), and recent liquidations mostly affected high-leverage speculators, while long-term holders continue to take profits. The high supply of stablecoins ($183 billion USDT and $75 billion USDC) indicates investors are ready to buy when the market stabilizes.

❤️ Tesla shareholders approved an unprecedented payout package for Elon Musk — nearly $1 trillion. Under the program's terms, Musk can receive the entire package only if he brings Tesla's market capitalization to $8.5 trillion, launches mass production of robotaxis and humanoid Optimus robots, and works at the company for at least 7.5 years.

💰 Today Tether bought an additional 961 BTC ($100 million) — the company now holds 87,296 BTC worth $9 billion.

🇪🇹 Ethiopia has become a hotspot for miners thanks to a record low mining cost — about $20,000 per 1 BTC, with a price above $100,000, making mining an extremely profitable business. By selling excess hydroelectric power to miners at $0.032 per kWh, the country has already earned around $220,000,000 — the authorities promise to invest these revenues in the development of the power grid. Amid tough conditions in the USA and China, foreign companies are actively relocating capacities to Ethiopia, where the combination of cheap energy and government support makes it one of the most profitable mining clusters in the world.

🇰🇬 Kyrgyzstan has launched its own stablecoin USDKG, which can be exchanged for gold, cryptocurrency, or fiat. It was previously reported that USDKG is planned to become an official means of payment in the country.

😂 An American convicted of identity theft lost a lawsuit against the US government, in which he demanded the return of a hard drive containing more than 3,400 BTC (about $345 million). The court dismissed his complaint, noting that Michael Prime had previously denied owning this cryptocurrency and claimed he only had $1,500 in BTC. The judges considered that he claimed his rights to the assets too late and that his story seemed unreliable. The appellate court upheld the lower court's decision, deeming Prime's claims unfounded.

💰 Major projects of the Ethereum ecosystem (Aave Labs, Uniswap Foundation, Lido Labs Foundation, Curve Finance, The Graph Foundation, and others) have created a human rights organization Ethereum Protocol Advocacy Alliance (EPAA). The initiative aims to defend the interests of DEX protocols and developers, striving for balanced regulation, protection of blockchain neutrality, and preservation of innovative flexibility. EPAA also intends to act as an intermediary between the community and regulators, cooperating with groups like the DeFi Education Fund and the European Crypto Initiative.

📊 Buyer demand for BTC has sharply increased again, reaching a new all-time high, with about 350,000 BTC purchased in a month, — CryptoQuant. Bloomberg, on the other hand, reported that long-term holders sold about 400,000 BTC during the same period. Glassnode previously explained this as a «redistribution» — older long-term holders selling coins to new market participants. So, according to experts, the market situation may not be as alarming as some media describe it.

🇺🇸 Trump stated that cryptocurrency reduces pressure on the dollar.

🇻🇳 Tether and the authorities of the Vietnamese city of Da Nang signed a cooperation agreement to develop digital infrastructure and implement modern management technologies in the city. The authorities plan to use blockchain solutions to improve the operation of services and utilities, and Tether will assist with experience and technologies.

💳 Ripple and Mastercard announced a partnership — in a pilot project, the RLUSD stablecoin on the XRP Ledger blockchain will be used for credit card payments.

🏝 The Council of the island of Tenerife (Canary Islands) put up for sale 97 BTC, purchased back in 2012 for €10,000 for blockchain research. Today this amount is valued at approximately €10 million, which yields a potential profit of about 99,900%. The sale was delayed for several years due to the need to comply with Spanish legal procedures.

💰 The DEX exchange Aster, promoted by CZ, plans to create a public network focused on privacy, with zero gas fees.

💸 Long-term Bitcoin holders have sold about 400,000 BTC ($45 billion) in the past month, which has thrown the market out of balance, — Bloomberg. The price decline is intensifying due to persistent sales in the spot market, where it is precisely the old investors who are now actively taking profits.

🇯🇵 Metaplanet plans to raise $100,000,000 secured by BTC to buy even more BTC. Over the past month, the company's shares have plummeted by 29%.

📊 Bitwise's investment director believes that retail investors have reached the "point of maximum despair" — a signal that often precedes a market bottom. Matt Hougan thinks the market is going through a "washout" phase before a new rise and expects that by the end of the year BTC could reach $125,000–$150,000.