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The latest price moves in crypto markets in context for July 17, 2023.

Funding rates in perpetual futures tied to BNB are most negative in nearly three months.

The rising flows into Toronto-based Purpose’s spot bitcoin ETF, which received approval by Canadian regulators in 2021, reflect strong appetite among retail investors for these types of products and are a promising sign for U.S. companies who have recently filed spot BTC applications with the SEC.
Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory

Ripple's XRP was down 25% from its highest levels on Thursday.
The fight for regulatory clarity isn’t over yet, however, as the SEC will likely appeal the decision and continue to pursue similar cases in the future, analysts wrote.
The spike in trading activity came after a partial win in a lawsuit against the SEC.
The trading volume of XRP against the Korean won was the highest among all other counterparts .

Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak.

The latest price moves in crypto markets in context for July 14, 2023.
- 04:52Chainlink has launched a payment abstraction system on the Ethereum mainnet, converting SVR fees to LINK through UniswapPANews reported on April 1st, according to The Defiant, Chainlink has launched its payment abstraction system on the Ethereum mainnet. This allows users to pay for Chainlink services with various assets (such as GAS tokens and stablecoins), which will automatically be converted into LINK via Uniswap. The system aims to reduce payment friction and enhance user experience within the Chainlink network. The initial application of the payment abstraction system is in conjunction with Chainlink's Smart Value Recapture (SVR). Network fees generated by SVR (including usage from Aave) will be converted into LINK. As the first user of Chainlink SVR, Aave will enjoy a six-month discount and receive 65% of the maximum extractable value (MEV) recaptured at a ratio of 65/35, where 65% goes to the Aave community and 35% goes to the Chainlink ecosystem. Chainlink SVR fees were initially used to pay oracle rewards for existing node operators. Once nodes providing power for SVR service are secured through Chainlink staking, these fees will be transferred to LINK stakeholders. This move is part of Chainlink's strategy aimed at enhancing its network's economic sustainability and establishing LINK as a universal GAS token.
- 04:51Ethereum transaction fees have dropped to their lowest level since mid-2020PANews reported on April 1st, according to Cointelegraph, Ethereum transaction fees have dropped to their lowest level since mid-2020.
- 04:42Data: TRON's total transactions break through 10 billionChainCatcher reports, according to the latest data from TRONSCAN, the total number of transactions on TRON has officially exceeded 10 billion, reaching 10,002,333,696. Currently, the total number of TRON accounts has reached 297 million and the Total Value Locked (TVL) exceeds $19.7 billion USD.