TL;DR

Markets:

• BTC is down & ETH is down

• BTC over-performed ETH this week 

• Bitcoin dominance is up

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

Airdrops:

• $WIZM

• $CLOUT

• $SCROLL

• $FREN

News:

• China Rate Cuts Cause Market Instability

• Ferrari Expands Bitcoin & Crypto Payments to Europe

• Ethereum ETFs Launch Amid Market Uncertainty

• Ethereum ETF Launch Triggers Sell-Off, Signals Market Shift

• USDY Launches on Cosmos via Noble

• Cosmos (ATOM) Down 56% Despite Advances

• Crypto Reacts to Biden’s Withdrawal

• Mark Cuban: Kamala Harris More Crypto-Friendly Than Biden

And much more!

BTC & ETH Market Update 📈

Crypto is down this week, with BTC being down 1.1% and ETH down 8.4%:

Bitcoin dominance has increased over the week, rising from 51.7% to a peak of 52.65% and ending at 52.6%. Bitcoin is up due to strong bullish momentum, significant short position liquidations, successful breakouts above key levels, positive market sentiment, and ongoing institutional interest.