{"id":4669,"date":"2021-07-19T19:55:09","date_gmt":"2021-07-19T17:55:09","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=4669"},"modified":"2022-03-15T11:08:16","modified_gmt":"2022-03-15T10:08:16","slug":"crypto-highlights-week-29-bitcoin-price-dives-below-31k-after-lowest-weekly-close-in-8-months","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/4669","title":{"rendered":"Crypto Highlights Week #29 \u2013 Bitcoin price dives below $31K after lowest weekly close in 8 months"},"content":{"rendered":"<p><b>Crypto Highlights:<\/b><i> Aave to launch \u2018Twitter on Ethereum\u2019, U.S talks tough on stablecoins, Bitcoin slips below 31k: There is more in this week\u2019s Crypto Highlights.<\/i><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_32 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table des mati\u00e8res<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table des mati\u00e8res\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/satt-token.com\/blog\/archives\/4669\/#Top_Headlines_for_the_Week\" title=\"Top Headlines for the Week\">Top Headlines for the Week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/satt-token.com\/blog\/archives\/4669\/#Top_Stories_Of_The_Week\" title=\"Top Stories Of The Week\">Top Stories Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/satt-token.com\/blog\/archives\/4669\/#Grayscale_is_launching_an_institutional-grade_DeFi_fund_and_index\" title=\"Grayscale is launching an institutional-grade DeFi fund and index\">Grayscale is launching an institutional-grade DeFi fund and index<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/satt-token.com\/blog\/archives\/4669\/#US_Presidential_Advisory_Group_to_Discuss_Stablecoins\" title=\"US Presidential Advisory Group to Discuss Stablecoins\">US Presidential Advisory Group to Discuss Stablecoins<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/satt-token.com\/blog\/archives\/4669\/#This_Weeks_Market_Sentiment\" title=\"This Week\u2019s Market Sentiment\">This Week\u2019s Market Sentiment<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/satt-token.com\/blog\/archives\/4669\/#Bitcoin_price_dives_below_31K_after_lowest_weekly_close_in_8_months\" title=\"Bitcoin price dives below $31K after lowest weekly close in 8 months\">Bitcoin price dives below $31K after lowest weekly close in 8 months<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/satt-token.com\/blog\/archives\/4669\/#Mainstream_Adoption_of_the_Week\" title=\"Mainstream Adoption of the Week\">Mainstream Adoption of the Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/satt-token.com\/blog\/archives\/4669\/#Aave_founder_hints_at_developing_Twitter_on_Ethereum\" title=\"Aave founder hints at developing \u2018Twitter on Ethereum\u2019\">Aave founder hints at developing \u2018Twitter on Ethereum\u2019<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/satt-token.com\/blog\/archives\/4669\/#SaTT_Update_of_The_Week\" title=\"SaTT Update of The Week\">SaTT Update of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/satt-token.com\/blog\/archives\/4669\/#ICYMI_SaTT_Forms_a_Strategic_Partnership_with_Onchai_Custodian_as_the_Project_Targets_Mainstream_Adoption\" title=\"ICYMI: SaTT Forms a Strategic Partnership with Onchai Custodian as the Project Targets Mainstream Adoption.&nbsp;\">ICYMI: SaTT Forms a Strategic Partnership with Onchai Custodian as the Project Targets Mainstream Adoption.&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/satt-token.com\/blog\/archives\/4669\/#This_Weeks_Crypto_Meme\" title=\"This Week\u2019s Crypto Meme\">This Week\u2019s Crypto Meme<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Top_Headlines_for_the_Week\"><\/span><b>Top Headlines for the Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1869\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/04\/istockphoto-953499010-612x612-1-300x200.jpg\" alt=\"\" width=\"700\" height=\"467\" title=\"\"><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><strong><i>Following Grayscale\u2019s GBTC unlock, <\/i><i>Bitcoin price dives below $31K after lowest weekly close in 8 months.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\"><strong><i>Following Jack Dorsey\u2019s decision to create a new Bitcoin (BTC)-centric financial services network, Aave founder hints at developing \u2018Twitter on Ethereum\u2019<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\"><strong><i>Digital asset manager Grayscale is launching an institutional-grade DeFi fund and index.<\/i><\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Top_Stories_Of_The_Week\"><\/span><b>Top Stories Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Grayscale_is_launching_an_institutional-grade_DeFi_fund_and_index\"><\/span><a href=\"https:\/\/www.theblockcrypto.com\/linked\/111839\/grayscale-is-launching-an-institutional-grade-defi-fund-and-index\" target=\"_blank\" rel=\"noopener\"><b><i>Grayscale is launching an institutional-grade DeFi fund and index<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3765\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Grayscale-300x169.jpeg\" alt=\"\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Grayscale-300x169.jpeg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Grayscale-1024x576.jpeg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Grayscale-768x432.jpeg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Grayscale-1536x864.jpeg 1536w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/01\/Grayscale.jpeg 1920w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Grayscale Investments, a digital asset manager, is creating a DeFi Fund and index, according to CEO Michael Sonnenshein. He stated on <\/span><a href=\"https:\/\/www.cnbc.com\/video\/2021\/07\/19\/grayscale-ceo-on-crypto-partnership-launch-of-defi-fund-index.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Squawk Box<\/span><\/a><span style=\"font-weight: 400;\"> that the business has received interest for DeFi assets from a wide range of present and potential investors. As a result, the company has created both an institutional-grade index and a fund.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to him, the fund would allow investors to invest in DeFi protocols through a single investment instrument. It will provide them with a comprehensive range of DeFi assets, such as Uniswap (UNI) and Aave (AAVE).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This will become Grayscale&#8217;s 15th investment entity, according to Sonneshein. The company presently has a number of trusts for bitcoin, ether, and other cryptocurrencies, as well as a digital big-cap fund that invests in a number of popular cryptocurrencies. Following its bitcoin and ether trusts, the business just revealed that this crypto fund has become an <\/span><a href=\"https:\/\/www.theblockcrypto.com\/linked\/111043\/grayscales-main-crypto-fund-becomes-an-sec-reporting-company\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SEC-reporting corporation<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Grayscale is also attempting to convert its primary bitcoin trust (GBTC) into a bitcoin ETF, presumably to address the trust&#8217;s ongoing negative premium. It is currently collaborating with <\/span><a href=\"https:\/\/www.theblockcrypto.com\/linked\/111153\/grayscale-links-up-with-banking-giant-bny-mellon-to-prep-for-bitcoin-etf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BNY Mellon<\/span><\/a><span style=\"font-weight: 400;\"> to attain this goal. On the broadcast, Sonneshein stated that approving a bitcoin ETF is \u201creally a matter of when not if\u201d in his opinion.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"US_Presidential_Advisory_Group_to_Discuss_Stablecoins\"><\/span><a href=\"https:\/\/www.coindesk.com\/us-presidential-advisory-group-to-discuss-stablecoins\" target=\"_blank\" rel=\"noopener\"><b><i>US Presidential Advisory Group to Discuss Stablecoins<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4671\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/07\/6f8ab5ee10dccfd7bc0b3edb1ee11894-300x200.jpeg\" alt=\"\" width=\"700\" height=\"467\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/07\/6f8ab5ee10dccfd7bc0b3edb1ee11894-300x200.jpeg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/07\/6f8ab5ee10dccfd7bc0b3edb1ee11894.jpeg 639w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">President&#8217;s Working Group on Financial Markets will meet on July 19 to examine stablecoins, according to the US Treasury Department.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The working group, which includes the chiefs of key financial regulatory agencies, is being convened by Treasury Secretary Janet Yellen to investigate stablecoin regulation and hazards, as well as provide recommendations for future work on the topic. The President&#8217;s Working Group is an interagency group entrusted with keeping an eye on the financial markets in the United States.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cGiven the fast expansion of digital assets, it is critical that the agencies work together to regulate this sector and create any proposals for new authorities,\u201d she added.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the near future, the committee plans to release formal suggestions. In December, the President&#8217;s Working Group <\/span><a href=\"https:\/\/www.coindesk.com\/presidential-advisory-group-weighs-in-on-regulatory-approach-to-stablecoins\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">released<\/span><\/a><span style=\"font-weight: 400;\"> a study on stablecoin legislation that looked at retail payments and solicited public comment on how these forms of payments are utilized.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The December <\/span><a href=\"https:\/\/home.treasury.gov\/system\/files\/136\/PWG-Stablecoin-Statement-12-23-2020-CLEAN.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">statement<\/span><\/a><span style=\"font-weight: 400;\"> warned that stablecoins might pose dangers, especially in terms of end-user rights, know-your-customer, and anti-money laundering concerns, market integrity, and monetary stability.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The meeting on Monday will also include Federal Reserve Chairman Jerome Powell, Securities and Exchange Commission Chair Gary Gensler, and Commodity Futures Trading Commission Acting Chair Rostin Behnam. While the committee requested previous Acting Comptroller Brian Brooks to comment on its findings in December, it&#8217;s unclear whether current Acting Comptroller Michael Hsu will be included in any future recommendations.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Market_Sentiment\"><\/span><b>This Week\u2019s Market Sentiment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bitcoin_price_dives_below_31K_after_lowest_weekly_close_in_8_months\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-dives-below-31k-after-lowest-weekly-close-in-8-months?utm_source=Telegram&amp;utm_medium=social\" target=\"_blank\" rel=\"noopener\"><b><i>Bitcoin price dives below $31K after lowest weekly close in 8 months<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4519\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/06\/c8047625-76de-43f8-8a59-cc96bdc2b344-300x169.png\" alt=\"\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/06\/c8047625-76de-43f8-8a59-cc96bdc2b344-300x169.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/06\/c8047625-76de-43f8-8a59-cc96bdc2b344-1024x576.png 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/06\/c8047625-76de-43f8-8a59-cc96bdc2b344-768x432.png 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/06\/c8047625-76de-43f8-8a59-cc96bdc2b344-1536x864.png 1536w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/06\/c8047625-76de-43f8-8a59-cc96bdc2b344.png 1598w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s doom and gloom for Bitcoin a day after the feared Grayscale unlocking event, with altcoins performing even worse.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTC\/USD struck a local low of $30,630 on Bitstamp on Monday, according to data from <\/span><a href=\"https:\/\/pro.cointelegraph.com\/?via=markets&amp;_ga=2.248627457.744778156.1626710537-506380621.1607361319\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Cointelegraph Markets Pro<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">TradingView<\/span><\/a><span style=\"font-weight: 400;\">. The price movement, which came a day after Bitcoin&#8217;s lowest weekly finish since December 2020, highlighted the vulnerability of a market with low volume and network fundamentals that are still recovering.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After Bitcoin failed to hold on to support levels further up, traders expected a downward slide, with the integrity of $30,000 itself being called into doubt. \u201cFinally, volatility for Bitcoin,\u201d <\/span><a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1417101499327565832\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">concluded in-house<\/span><\/a><span style=\"font-weight: 400;\"> trader and analyst Michal van de Poppe.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTC\/USD was hovering at $30,700 at the time of writing, with a daily loss of roughly 3%. A look at buy and sell orders on major exchange Binance revealed that there is still a lot of demand at $27,000 and above, lowering the chances of a further drop.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It was all about capturing the next price bottom among market players.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Van de Poppe had <\/span><a href=\"https:\/\/cointelegraph.com\/news\/fed-takes-on-stablecoins-5-things-to-watch-in-bitcoin-this-week\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">previously stated<\/span><\/a><span style=\"font-weight: 400;\"> that the eventual BTC price floor might not occur as a result of a sharp drop or have well-defined features.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite this, there hasn&#8217;t been a daily close below $31,000 since January.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mainstream_Adoption_of_the_Week\"><\/span><b>Mainstream Adoption of the Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Aave_founder_hints_at_developing_Twitter_on_Ethereum\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/aave-founder-hints-at-developing-twitter-on-ethereum?utm_source=Telegram&amp;utm_medium=social\" target=\"_blank\" rel=\"noopener\"><b><i>Aave founder hints at developing \u2018Twitter on Ethereum\u2019<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4672\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/07\/Aave-founder-hints-at-developing-\u2018Twitter-on-Ethereum-300x169.jpeg\" alt=\"\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/07\/Aave-founder-hints-at-developing-\u2018Twitter-on-Ethereum-300x169.jpeg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/07\/Aave-founder-hints-at-developing-\u2018Twitter-on-Ethereum.jpeg 730w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">This week&#8217;s crypto highlights also features Aave Founder&#8217;s bold statement over the weekend. After Jack Dorsey announced that he was creating a new Bitcoin (BTC)-centric financial services network with a striking resemblance to Aave, Aave creator Stani Kulechov <\/span><a href=\"https:\/\/twitter.com\/StaniKulechov\/status\/1416385933549654016\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">told<\/span><\/a><span style=\"font-weight: 400;\"> his 90,000 Twitter followers on Saturday that his protocol should create &#8220;Twitter on Ethereum.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dorsey <\/span><a href=\"https:\/\/twitter.com\/jack\/status\/1415765941904941061?s=20\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweeted<\/span><\/a><span style=\"font-weight: 400;\"> Thursday that Square Inc., his mobile payment company, was creating a new business \u201cfocused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin will be the main emphasis, according to the tweet, which had over 34,000 likes at the time of publishing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kulechov suggested in his response that Dorsey&#8217;s business concept is comparable to Aave, an open-source, non-custodial DeFi protocol that allows users to borrow assets while earning interest on deposits. While it&#8217;s unclear whether Kulechov&#8217;s Twitter-on-Ethereum idea is real, he did <\/span><a href=\"https:\/\/twitter.com\/StaniKulechov\/status\/1416386335166902277\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">say that<\/span><\/a><span style=\"font-weight: 400;\"> Aave co-founder Jordan Lazaro Gustave would be in charge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Aave has become one of the most widely used DeFi protocols, with demand for its services increasing even among conventional investors. Aave <\/span><a href=\"https:\/\/cointelegraph.com\/news\/aave-to-launch-permissioned-deployment-for-institutions-in-july\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">aims<\/span><\/a><span style=\"font-weight: 400;\"> to introduce a permissioned version of its platform for institutional investors this month, according to Cointelegraph.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"SaTT_Update_of_The_Week\"><\/span><b>SaTT Update of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"ICYMI_SaTT_Forms_a_Strategic_Partnership_with_Onchai_Custodian_as_the_Project_Targets_Mainstream_Adoption\"><\/span><b><i>ICYMI: <\/i><\/b><a href=\"https:\/\/twitter.com\/oncustodian\/status\/1382634832715403265\" target=\"_blank\" rel=\"noopener\"><b><i>SaTT Forms a Strategic Partnership with Onchai Custodian as the Project Targets Mainstream Adoption.<\/i><\/b><\/a><b><i>&nbsp;<\/i><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4546\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/06\/Couverture-300x178.png\" alt=\"\" width=\"700\" height=\"415\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/06\/Couverture-300x178.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/06\/Couverture-1024x607.png 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/06\/Couverture-768x455.png 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/06\/Couverture-1536x911.png 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">In the past days\/weeks, SaTT has been on a winning streak. From listing on HitBTC exchange to Bitcoin.com exchange, now SaTT has formed a strategic partnership that would further strengthen its winning streak in the cryptocurrency market.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SaTT has reached a strategic partnership with one of the leading digital asset security companies, Onchain Custodian. SaTT is famous for its reputation in blockchain-based advertising product technology. By reaching this partnership, SaTT is all set to provide clients and investors secure, insured, and compliant management of their digital assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The recent developments in the SaTT ecosystem and the latest exchange listing is setting the tone for the ingenious blockchain-based advertising network to bring the needed innovation to the global advertising landscape.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The next big step for SaTT is a Proof of Concept(POC) of their innovative solution through real influencer integration. An event that we will follow closely and which we are sure will cause a stir in the blockchain-infused advertising space!<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Crypto_Meme\"><\/span><b>This Week\u2019s Crypto Meme<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4673\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/07\/496c9f1577590f5d73175d7d9569c46b-300x238.jpeg\" alt=\"\" width=\"700\" height=\"555\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/07\/496c9f1577590f5d73175d7d9569c46b-300x238.jpeg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/07\/496c9f1577590f5d73175d7d9569c46b-768x609.jpeg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/07\/496c9f1577590f5d73175d7d9569c46b.jpeg 960w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>We hope you enjoyed this week&#8217;s edition of crypto highlights. For a peek at our last edition of crypto highlights &amp; blockchain news, click <a href=\"https:\/\/satt-token.com\/blog\/2021\/07\/12\/crypto-highlights-week-28-everything-from-last-week-you-dont-want-to-miss-2\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Highlights: Aave to launch \u2018Twitter on Ethereum\u2019, U.S talks tough on stablecoins, Bitcoin slips below 31k: There is more in this week\u2019s Crypto Highlights. Top Headlines for the Week Following Grayscale\u2019s GBTC unlock, Bitcoin price dives below $31K after [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":4494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-4669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-stories"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/4669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/comments?post=4669"}],"version-history":[{"count":2,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/4669\/revisions"}],"predecessor-version":[{"id":10936,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/4669\/revisions\/10936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/4494"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=4669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=4669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=4669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}