Weekly Market Highlights #3: 4th July - 10th July

✨Over the past week, the crypto market increased ~$50B (from ~$870B to ~$920B) of its total capitalization

✨The Bitcoin price surged past $22K, and tapped a new three-week high at around $22.5K. Now, the bears pushed it south by approximately $1K

✨Bitcoin Fear and Greed Index is 22 - Extreme Fear, higher than the beginning of the week (14)

✨According to TIME magazine, The U.S. unemployment rate held steady in June amid a robust job market, promises that the market will recover soon

🔸BSCStation reached the top 25 launchpad platforms by total raised funds

🔸Former JPMorgan Executive Samir Shah Joins Pantera Capital as COO

Former JPMorgan Executive Samir Shah Joins Pantera Capital as COO

🤵‍♂️Samir Shah – who spent 12 years at JPMorgan as Global Head of Digital Solutions – announced his departure from the financial institution. His next career step includes joining the investment firm focused on cryptocurrencies – Pantera Capital – as a Chief Operating Officer (COO).

✈️From Traditional Finance to Crypto

Samir Shah said his 12 years at the Wall Street giant were “fantastic” and that the feeling of parting with his old team is “bittersweet.”

💪He displayed his excitement to take a role at Pantera Capital and join forces with its leaders – Dan Morehead and Joey Krug.

✨Besides that, Eric Wragge, a former managing director at JP Morgan, joined the Web3 world via the Algorand Foundation. And Puja Samuel, the Head of Ideation at JP Morgan, has joined Digital Currency Group as the Head Of Corporate Development

🔸BSCStation new Support system: You talk, We listen

🥰With the desire to support the community in the best way, the BSCStation team introduces a new support system, powered by ZOHO.

🌟BSCStation choose ZOHO, one of the most powerful CRM (Customer Relationship Management) software, as the place to gather all the information you need and answer your questions quickly.

With the new Support System:

🔸There is an entire FAQ on general questions about BSCStation and more. The answers are carefully compiled by a team of experienced Admins from 10 countries.

🔸Users can submit other questions not included in the FAQ or suggest great ideas to BSCStation through the ticket system with just some simple steps. The BSCStation team will respond to all in the shortest time.

👉Check it now and let's us hear your voice: https://support.bscstation.finance/portal/en/home

🧡With new Support System: You talk, We listen!

🔸Goldman Sachs executes first Bitcoin futures trade in Asia

Major financial institutions increasingly recognize the new asset class's opportunities.

🏦 One of them is the banking giant Goldman Sachs (GS), which has executed the first block trade of Bitcoin futures in Asia through the intermediation of GFI Securities LLC.

🤵‍♂️CEO Asia Pacific for BGC Brad Howell expressed optimism about partnering with Goldman Sachs and Cumberland to this end: "This transaction marks BGC's continued commitment to expanding our cryptocurrency offering and working with our global counterparties to develop this rapidly evolving asset class."

📢Goldman Sachs' announced to start offering its first investment vehicles for Bitcoin and other cryptocurrencies to its clients in the second quarter of 2022 as part of its plans to introduce support for a "full spectrum" of digital assets.

🧡A lot of hopeful signals for the growth of the cryptocurrency market. Buy BSCS, join MCity's IDO and let BSCStation bring you a big profit.😎

🔸BSCStation Start Pool: make profit even when sleeping

BSCStation Start Pool: make profit even when sleeping

⚡️The simplest way to earn free tokens: Become a BSCS holder, stake BSCS and earn free tokens with BSCStation Start Pool

What are Start Pools?

✅This is an innovative solution that gives advantages to both users and quality projects. BSCStation Start Pool helps projects distribute their tokens to a wider audience while allowing crypto users and investors to generate attractive returns in the form of new tokens

✅Farmers can earn the new token for a total of 30 days. The first seven days are before the token is listed on BSC Swap, at which point farmers can immediately trade any tokens they have earned

✅The tokens farmers earn are distributed daily; they can add or remove tokens they have subscribed to the eligible pools at any time

How to earn from Start Pools?

✅You only need to stake one token to start earning: usually BSCS

✅Check this guide for a step-by-step: https://docs.bscstation.finance/get-started/earn/start-pools/how-to-stake-in-start-pools

🗒Details: https://bscstation.substack.com/p/bscstation-start-pool-make-profit

💰Staking in Start Pools lets you earn BSCS or other tokens while you sleep!

🔸Bitcoin Reclaims $22K Price Level After Whales Rushed To Buy The Dip

✨Bitcoin is back above $22K after dipping below $20K for the first time since December 2020.

📈Over the weekend, there was a record increase in Bitcoin outflows amounting to 30K BTC translating to over $600M. This formed part of over 64K BTC moved out of crypto exchanges (CEX) in June.

📝Over the reported period, large amounts of BTC were transferred from CEX. This consistency in large Bitcoin outflows indicated that large corporations and investors were confident of an impending bullish momentum.

🐳Last week alone, it was reported that 16 new whales had joined the Bitcoin network and bought out close to $100 Million worth of Bitcoin which contributed to the increase in buying pressure and the downward rally in the price of Bitcoin.

💪Ethereum has reclaimed the $1,200 mark, and BNB is well above $240.

And other valuable altcoins like BSCS will follow Bitcoin soon. Don't miss it!

🔸The Italian government will provide $46M in subsidies for blockchain projects

☄️According to the decree, companies of any size can apply for subsidies provided the funds will be used for IoT, AI or Blockchain in sectors including industry and manufacturing, tourism, health, the environment and aerospace.

🌠The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46M in government subsidies starting from September.

🌱"We support companies' investments in cutting-edge technologies to encourage the modernization of production systems through management models that are increasingly interconnected, efficient, secure and fast," said Minister of Economic Development Giancarlo Giorgetti. "The goal of competitiveness requires the manufacturing industry to innovate and use the potential of new technologies constantly."

💪Blockchain technology is gradually gaining acceptance around the world. Keep the faith! Winter is coming to an end.

📣 Stay tuned! The market's highlights will be updated by BSCStation.😎

About BSCStation

BSCStation - The fully decentralized protocol for launching new ideas. An all-in-one Incubation Hub with a full-stack Defi platform across all main blockchain networks. We provide exclusive services including IDO/INO Launchpad, Yield farming, NFT Auction, Marketplace, and BSCSwap

BSCStation operates on top of the all main blockchain networks and is designed to offer maximum value to consumers and institutions. 

BSCStation platform uses the Sharing Economy Model for the purpose of profit-sharing, helping users to access DeFi platforms in the easiest, safest, and most cost-effective way. BSCStation is the most convenient bridge to connect users and application products on all main blockchain networks.

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