Price Watch: Bitcoin, Ethereum, EOS Start to Bounce Back

Bitcoin is up 4.88% over the past 24 hours.

BitMEX CEO: Bitcoin May Bottom Out at $3k to $5k and Still Reach $50k by 2018On June 30, in an interview with CNBC's Seema Mody and Melissa Lee, Arthur Hayes, CEO at BitMEX Hayes reaffirmed his stance on bitcoin achieving a new all-time high by the end of 2018, at around the $50,000 region.

While the bottom of bitcoin in the 2018 correction could be in the range of $3,000 to $5,000, Hayes stated that the market is one regulatory decision away from gaining serious momentum.

EOS has a market cap of $8.22B with a 24 hour volume of $1.24B.Chart by CryptoCompare.

For the new High Fidelity platform, Rosedale plans to issue a new stablecoin on the EOS network, called High Fidelity coin, with a 1:1 parity to the US Dollar.

Each transaction will be recorded on the EOS blockchain for merchants to verify.

One Officially Proposes EOS Constitution OverhaulStemming from a missed block producer meeting, the complex three-party EOS governance structure debate could potentially be solved by a new constitution proposed by EOS developer Block.

The current state of the EOS constitution caused significant controversy within the blockchain ecosystem, with EOS CTO Dan Larimer - the creator of the constitution - proposing a complete constitutional overhaul via Telegram earlier this week.

One, who subsequently published an official proposal for an "EOS Constitution v2.0" that resembles a clarified edit of Larimer's proposed EOS constitution referendum Medium post.

The proposed constitutional update could streamline the relationship between ETAC, the element of the EOS governance structure that handles arbitration orders, and block producers.