S&P Dow Jones Indices on Tuesday rolled out five new cryptocurrency index products, the first major expansion of its digital assets benchmarking tools since entering the market in May. Ethereum has quite the the most bullish outlook entering the July session, with a key technical update dubbed EIP-1559, promising to make its native token ETH scarcer through the network's first-ever burning mechanism. But so far into the month, the second-largest cryptocurrency by market cap has vastly tailed its top rival Bitcoin. The DeFi market is slowing down as the entire crypto market slumps. BINANCE Smart Chain has been the biggest loser, according to Messari. Polygon, on the other hand, did well in Q2. Binance is having a tough go of things recently. Capital Markets The amount of venture funding directed toward crypto and blockchain projects and companies jumped during the second quarter of 2021, according to data collected by The Block Research. As noted in a new by-the-numbers breakdown by The Block Research's John Dantoni, a total of 497 related venture deals occurred during the period. Almost ?180 million ($249 million) in digital assets have been seized by London's Metropolitan Police -- the biggest confiscation in the UK, the force said. The confiscation is thought to be one of the largest globally, the Met Police said, and comes just weeks after police confiscated ?114 million ($158 million) of cryptocurrency in June.
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Newsletter #170
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