Bitcoin breaks the $30k mark as whales move in

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Today the Web3 market is smiling back at you so buckle up and get ready for some bullish-type stories.

Coming Up…

• Bitcoin breaks the $30k mark, is this the onset of the bull market?

• German intelligence service launches dog-themed NFTs to fetch cyber talent

• Explore Marius Sperlich’s NFT journey

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Here is what else we dug for you

Bitcoin breaks the $30k mark, is this the onset of the bull market?

Bitcoin (BTC) has witnessed significant falls over the past month amid regulatory pressure from regulators around the word. With the many BTC-related exchange-traded funds (ETF) filings, the digital “gold” broke the $30,000 barrier, turning the broader market green.

Data shows that the current bullish sentiment gained traction as the bitcoin whale transactions reached three-month highs. According to data from market intelligence platform Santiment, whales have moved 259 transactions worth at least $1 million each.

Santiment indicates that the transactions came around two hours after the bitcoin price surpassed $30,600. The market intelligence platform says the whale activity hit a three-month high, and the flagship crypto asset still has a high chance to rise further, raiding the tops recorded in the last bull market.

Bitcoin is up by 4.2% in the past 24 hours and trading at $29,776 at the time of writing. The asset’s 24-hour trading volume has also risen by 20% and currently stands at the $30 billion.

Moreover, the bull run comes as the short-term holders raise their wallets. According to data provided by Glassnode, the number of bitcoins that have been hodling between one and three months is down to 1,450,066.708 BTC, marking a one-month low.

The amount of the short-term held BTC reached a local top on June 14 when the asset plunged to around $24,800. Furthermore, the marketwide bull run comes a week after the popular asset manager BlackRock partnered with Coinbase custody to file for a BTC ETF.

German intelligence service launches dog-themed NFTs to fetch cyber talent

Germany’s foreign intelligence agency, the Bundesnachrichtendienst (BND), has launched a dog-themed nonfungible token (NFT) collection with an on-chain treasure hunt aimed at recruiting cyber talent.

Earlier in June, the Federal Intelligence Service launched its “Dogs of BND” collection — 999 dog NFTs inspired by BND’s guard and security dogs as well as “different intelligence roles.”

Twelve of the NFTs aren’t up for grabs in the collection yet. The BND said its planning more difficult challenges in the future with these tokens as the prize. BTC-Echo reported the BND was considering a smart contact hacking challenge. Since the collection has received more attention, the floor price and trading volumes of the NFTs have skyrocketed.

Between June 21 and June 22, the floor price jumped from 0.000001 Ether (ETH) to 0.052 ETH, worth about $100. Despite the significant hike in value, the liquidity on the collection is still quite low. On June 21, the collection saw a total volume of around 1 ETH, which suggests only around 20 or so NFTs were sold by collectors.

NFT Artist: Marius Sperlich

Marius Sperlich from Berlin is a world-renowned artist with over 500k followers on instagram. Known for his sensual and NSFW art, he “he uses the human figure as a canvas to style tiny props that tell a larger story.” (HypeBeast) His non-digital success has taken the world by storm. His collection “Modern Drugs” drew a massive following.

Comfortable in the digital realm, Marius created an interactive portrait titled “Likes=Money” that priced his are based on instagram likes, resulting in over 110k likes and over $100k sale. His first NFT drop continues the provocative art posing BTC as a drug in a compelling drop on Nifty Gateway.

Essential links: Twitter, Instagram

Meme Drop

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• EU Passes World's First Regulatory Framework for Cryptocurrency ⚖️ 

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