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Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down

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This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.

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Coin Market

Bitcoin tipped for Q3 ‘macro bottom’ near $50K as major liquidity grab looms

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Bitcoin market participants may be left in “complete disbelief” as the market reverses from a liquidity grab without another major leg lower, a trader predicted.

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Coin Market

Bitcoin activity nears record highs on microtransaction surge

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Near-record OP_RETURN usage is driving a surge in low-value Bitcoin transactions, pushing Bitcoin network activity close to all-time highs despite muted price action.

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Coin Market

Goldman Sachs cuts year-end gold target by $500, doubting rate cuts

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Goldman Sachs revised its year-end forecast for gold to $4,900, indicating an increase from current levels, but less than previously expected.

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