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Bitcoin faces decline, Ethereum risks reversal, SPACE ID achieves growth, and other Web3 news

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  • SPACE ID has achieved significant growth with over 6.7 million domains and 2.7 million owners, supporting 24 chains and 200+ dApp integrations, indicating a strong momentum in Web3 identity infrastructure. (📰KuCoin)
  • Bitcoin is currently down over 25% year-to-date and 48% from its all-time high, but there are bullish expectations for August, with potential price movements above $70,000, despite concerns about weak spot demand. (📰ZyCrypto)
  • Ethereum has broken above a key level but faces potential trend reversal risks, with price targets around $1,300 and expectations for further declines before establishing a sustainable bottom. (📰KuCoin)
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