TL;DR

Markets:

• BTC is up & ETH is up

• BTC over-performed ETH this week 

• Bitcoin dominance is down

• The hot coin we look at this week is $BLD

Airdrops:

• $CAI

• $4CAST

• $ENF

• $IP

News:

• Bitwise Acquires ETC Group for European Expansion

• Democrats Leave Crypto Out of Party Platform

• BlackRock's Ethereum ETF Surges Past $1 Billion

• Sony Unveils Ethereum Layer-2 Soneium

• Skyfire Enables AI Autonomous Payments with USDC

• Microsoft Supports Aigisos with $150K Server Credits

• El Salvador Adds 162 BTC to Holdings

• Base Hits 4M Active Addresses in 'Onchain Summer'

And much more!

BTC & ETH Market Update 📈

Crypto is up this week, with BTC being up 5.2 % and ETH up 2.1%:

Bitcoin dominance has decreased over the week, rising from 53.6% to a peak of 54.31% and ending at 53.7%. Investor sentiment, regulatory changes, technological advancements, and the overall growth of the cryptocurrency sector shape Bitcoin's market dominance. Its reputation as "digital gold" also enhances its position, making it a key player in the market.

It’s going to be interesting to see whether this trend will continue in the short term, as capital in crypto tends to flow initially to BTC and then further out on the risk-curve, starting with altcoins like ETH and then into mid- or low-cap coins.

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