As Tron founder Justin Sun prepares to cross the Kármán line, he joins a diverse team of adventurers, philanthropists, and innovators, each with a story as compelling as his $28 million charity bid that first secured his seat.

Tron founder Justin Sun to join Blue Origin’s next spaceflight

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Data shows Altcoins are breaking away from Bitcoin&#8217;s lead. Here&#8217;s what that 
could mean for the market, based on historical trends. Altcoins Are Witnessing 
A Fast Drop In Correlation To Bitcoin In a new post on X, analytics firm 
Alphractal has discussed how the Correlation between Bitcoin and the altcoins 
has changed recently. The Correlation is an indicator that keeps track of how 
tied together the prices of any two assets are. The metric can take on both 
positive and negative values. In both cases, some relationship exists between 
the assets, but the relative movement in their prices is different. Related 
Reading: This Ethereum Metric Called The Bottom Ahead Of Rally, Says Analytics 
Firm When the indicator has a positive value, it means one asset is reacting 
to movements in the other by moving in the same direction. The closer is the 
metric to 1, the stronger is this relationship. On the other hand, it being 
under zero suggests a negative correlation exists between the assets: they are 
moving in opposite directions. In this case, the extreme point lies at -1. If 
the Correlation is sitting exactly at zero, it suggests no relationship exists 
between the two prices at all. In statistics, this condition corresponds to 
the variables being independent. Now, here is the heatmap shared by Aphractal 
that shows the trend in the Correlation between Bitcoin and the various 
altcoins in the sector: As is visible above, the Correlation between Bitcoin 
and the different altcoins was close to 1 just earlier, but the indicator has 
seen a quick decline since then. The average value of the indicator for the 
two has now dipped toward the zero level and has even turned slightly 
negative. This change would suggest that while the altcoins were closely 
following the footsteps of the original cryptocurrency before, they are now 
following a chart that&#8217;s more or less independent. This trend, however, may 
not actually be a positive sign for the sector. &#8220;Historically, low correlation 
is a red flag,&#8221; explains the analytics firm. &#8220;It often precedes periods of 
high volatility and mass liquidations — whether from shorts or longs.&#8221; From 
the chart, it&#8217;s apparent that the last time the Correlation between Bitcoin 
and the altcoins plunged to zero was back in May, and what followed was a 
price jump for the asset. In January, the same trend marked the market top 
instead. Related Reading: XRP MVRV Ratio Flashes Signal That Last Led To 630% 
Surge The latest low Correlation between BTC and the alts has come as various 
assets have broken out and market dominance has seen a shakeup. &#8220;Altcoins have 
been outperforming Bitcoin in recent days, with daily signals suggesting it&#8217;s 
been more profitable to stay positioned in altcoins rather than BTC,&#8221; notes 
Alphractal. BTC Price At the time of writing, Bitcoin is trading around 
$118,000, down more than 2.5% in the last week. Featured image from Dall-E, 
Alphractal.com, chart from TradingView.com

Bitcoin Correlation To Altcoins Is Collapsing: A Warning Sign?

Earlier this week, Bitcoin.com News released a comprehensive report detailing 
the surge in ethereum ( ETH) held by public firms. Now, it’s time to pivot 
back to bitcoin—the asset that started the corporate treasury craze. Bitcoin 
Balance Sheets Go Big As of today, according to bitcoin treasury stats 
collected by Bitcoin Magazine Pro, 64 publicly […]

The Great Bitcoin Stack: 64 Public Firms Now Hold Over $100B in Bitcoin

Coinbase has launched perpetual futures trading in the U.S., with eligible 
users in the country set to access two futures contracts as of July 21. On 
Monday, the exchange said U.S. users can now trade perpetual derivatives via 
its Coinbase…

Coinbase launches Bitcoin, Ethereum perpetual futures in US

The Blue Origin mission is expected to move forward with six crew members 
after a 2021 bid from the Tron founder.