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Aave Follows Footsteps of Compound Treasury and CoinBase X, Offering Institutional Support
It appears that Aave plans to enter the institutional support space sometime soon before the end of the month, offering crypto support to large institutional investors. Aave and Fireblocks plan to launch “Aave Pro” in July, which will “enable institutions and corporates to access DeFi yields and benefit from the transparency and automation of decentralized finance.”
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BTC Uptrend Shatters As Declines To $30,000
Bitcoin price pulls the entire market down as support at $33,000 is tested. BTC’s short-term technical indicators flash sell signal as losses gain. Bitcoin price seems to have abandoned the uptrend toward $40,000 due to the resistance at $35,000. Over the last two weeks, BTC’s price action within the confines of an ascending parallel pattern.
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Visa Customers Have Spent Over $1B On Crypto Linked Cards This Year
Crypto linked cards spending is on the rise. Visa shared this week that consumer spending with Visa based crypto credit cards has exceeded $1B this year, through just the first six months of the year. Visa customer have spent over $1B on crypto linked cards this year. Visa also shared this week that it plans on partnering with 50 different cryptocurrency platforms to allow ease of access for consumers.
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Cardano ($ADA) Overtakes Bitcoin as the Most-Held Cryptocurrency on eToro
Cardano (ADA) has overtaken the flagship cryptocurrency Bitcoin as the most-held cryptocurrency on the popular eToro trading platform during the second quarter of the year after seeing a 51% rise compared to the previous quarter. Bitcoin, meanwhile, saw demand for it move up 42% during the same period according to CityAM.
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Terra (LUNA) price rallied by 20%
The growing interest in stable coins, new partnerships and the improving state of the wider market back LUNA’s newfound bullish momentum. The predictable range appears to be helping Terra (LUNA), a blockchain protocol that specializes in fiat-pegged stable coins like TerraUSD (UST) to power a price-stable global payment system.