Coming back from a partial recovery in the global cryptocurrency market, which is now worth $2.48 trillion and up 1.6% over the last day, we can see that many digital currencies have gone into resale mode. This could be a sign that the market is under excessive selling pressure, which could suggest an opportunity for "buy-and-crash" or buying active during the price drop. Recently, the sharp drop in the value of cryptoassets has led to an intense decline in the value of cryptoassets, causing some of them to be in the oversold zone. Such a mode is usually characterized by the predominance of trading among sales instead of buying, which suggests that the next movement may be the opposite - corrective to the previous price decline.

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The essence of the information remains the same: Despite the partial stabilization of the #cryptocurrency market ($2.48 trillion), which grew by 1.6% in the last 24-hour period, most #cryptocurrencies went into oversold mode, which can serve as an indicator of future price fluctuations - both new lows and a reverse (corrective) wave are possible. During the downturn, many assets were reset to the resale level, where the number of sales traditionally prevails over purchases, but this is usually a precursor to the subsequent growth of values.
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#CryptoNews #CryptoUpdates #DigitalCurrency

According to the SosoValue website, of the ten cryptocurrency ETFs, Fidelity's FBTC had the most significant capital payout at $83 million. This is followed by Grayscale's GBTC with a total payout runoff of $62 million, and Bitwise's BITW recorded the same amount as about $7 million. For the remaining eight ETF funds, zero asset movements were recorded on Wednesday (Tuesday). The 11 Spot Bitcoin cryptocurrency ETFs have a total net gain of $14.81 billion, down from a high of $15.69 billion on June 7. The product previously enjoyed a 19-day streak of positive cash inflows through June 7. On Wednesday, trading volume for these ETFs totaled $1.7 billion, up from $1.24 billion on Monday. According to Bitcoin's price page, its value is currently around $65,300, down 0.35% in the last 24 hours. Analysts at Cryptoquant suggest the possibility of an 8 to 12% rate correction, which would bring the price down to $60,000. Bitcoin price dipped below $65,000 for the first time in a month: What caused this decline, and what does it mean going forward?

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Scandalous businessman and former convict, Martin Shkreli, known as "an enemy of the pharmaceutical industry", has become an authority on cryptocurrency projects after releasing memes online. As a result, he launched a new currency called DJT, presenting it as a charitable gesture in favor of a friend, Baron Trump, who is the 18-year-old son of former American President Donald Trump. According to the researchers, however, the launch of the new project may have violated the terms of Martin's probation, which is not leaving home and completely ceasing any independent activity related to investing and managing other people's money. Despite the success of his first projects and the rising value of cryptocurrencies, the famous meme crypto continues to lose its position rapidly - in 24 hours DJT fell by 73%, while its competitor Shoggath was sold for 832 thousand dollars. Martin himself attributes his action to a desire to help Baron Trump, rather than a desire to enrich himself. His opponent Grayson Robins bet that no member of the Trump family will not approve of this initiative and pledged to pay 100 million dollars if Martin's project wins. In his opinion, the move was made in an attempt to discredit US politicians.
Despite the fact that officially Martin explained his desire to help Baron Trump, many analysts are inclined to the version that the purpose of such a project was high financial profits. Based on this, Martin faces a possible repeated punishment in the framework of parole, since he violates the provisions of the prohibition of independent commercial activity. It is also worth noting that Martin Shreli is actively engaged in issuing and supporting projects in the field of #cryptocurrencies and #NFT technologies, despite the fact that this may pose serious risks to his freedom. \n \nIn conclusion, it is worth noting that the #cryptocurrency market remains highly unstable and dependent on a variety of factors, including relations between countries, political course, as well as advertising campaigns and the information field. Thus, even the participation of such influential persons as representatives of the Trump family or Martin Schreli does not guarantee the success or safety of the project in the long term. In light of this, all risks should be considered before venturing into cryptocurrencies, especially for people who may have legal or financial constraints.
Finally, it must be recognized that using cryptocurrencies to help a charity or make money may look attractive, but without proper oversight of the process and consideration of all the circumstances, it can become a very risky endeavor. It is worth remembering that often success in cryptocurrencies does not depend solely on a successful idea or
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The closing of the Securities and Exchange Commission's (SEC) investigation into Ethereum 2.0 has given ether (ETH) a significant boost in a declining market. Earlier in April, ConsenSys sued the SEC, alleging that the commission was attempting to "regulate ETH as a security, even though ETH does not have the characteristics of a security." Today's ETH success has also impacted other projects that are closely tied to Ethereum, including Lido DAO (LDO), Ethereum Name Service (ENS), and Maker (MKR). However, Coinbase Chief Legal Officer Paul Grewal notes that ending the SEC's investigation cannot fully compensate for the damage that has been done to the rest of the crypto industry.

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Ethereum (ETH) has recovered to above $3,500 following ConsenSys' announcement that the Securities and Exchange Commission (SEC) is dropping its investigation into whether ETH is recognized as a security. Following ConsenSys's June 19 announcement that the SEC is dropping its investigation into Ethereum 2.0, the value of ETH rose 1.4%, breaking through the significant and closely watched $3,500 level. The $3,500 level was significant for traders as Ethereum has often fluctuated between that value and higher prices over the past 30 days. Increased investor confidence due to the reduced risk of legal conflicts under securities laws was an incentive to buy ETH. Also, several cryptocurrency experts noted that the decision gives a significant boost to the Ethereum ecosystem. As a result, analyst firm Lookonchain reported a large amount of ETH purchases by one of the whales - 5,600 ETH worth about $19.6 million. This comes just a month after the SEC approved spot Ether exchange-traded funds in the U.S., bolstering optimism for the expected approval of exchange-traded fund registration statements on Form S-1. SEC Chairman Gary Gensler anticipates that the approval process for these applications will continue sometime "over the course of this summer."

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Analyst Teng's forecast for the bitcoin market for 2025 is more optimistic than his assumptions about this active for 2024. According to the expert's research, next year should be a bright period of growth in the value of this cryptocurrency, the main factors of which will be the positive state of the global economy and better conditions for the development and use of cryptocurrencies.

The CEO of the #Binance platform also highlighted a number of arguments that will help #bitcoin to reach the desired indicators by 2024. Among them are the high probability of the US Federal Reserve lowering key rates by the end of this year and the large amount of funds transferred to bitcoin stock ETFs and the just-approved Ethereum-based ETFs.
Teng also emphasizes his previously incorrect opinion about when #ЛюбимыйТокен would peak: after the halving event in April 2021, he expected bitcoin to hit all-time highs in six months at the earliest. However, in the end, the value of the most important cryptocurrency skyrocketed to $73 thousand well before the expected mark.
The success of the launch of the SPOT Bitcoin ETF, which became a source of inflow of multibillion-dollar funds into the market, caused Tenga to adjust its initial forecast of BTC quotes. Now Binance specialists expect the price of the most famous digital currency to grow significantly higher than their previous estimates released last year. Although Tenga does not make an exact prediction about the value of BTC, he refers to the Standard Chartered Bank's "bullishness" towards cryptocurrencies earlier this year. This suggests that BTC could rise to $200k or even $250k by 2025.
Recent weeks have been challenging for bitcoin. Despite much anticipation for the upcoming launch of the SPOT #ЛюбимыйТокен ETF, the value of bitcoin remains slightly below expected levels, according to the CoinMarketCap website. The cryptocurrency's value is currently around $65,649 and is down 2.54% over the past week.
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Cardano (ADA) trading volume is up 162% despite an ongoing market sell-off that has seen $435 million worth of cryptocurrencies liquidated.

The #cryptocurrency market is under selling pressure as major #cryptocurrencies , led by #bitcoin (BTC), have fallen significantly in value, contributing to the overall market decline. #Cardano has not escaped the bearish trend, falling 7% in the last 24 hours and trading at $0.375 at the time of publishing this article.
According to the latest data from Coinshares, nearly $600 million was withdrawn from digital assets last week, the highest since March. High inflation has caused traders to lower their expectations for a Federal Reserve rate cut this year, which poses a challenge for speculative assets like cryptocurrencies.
According to CoinGlass, the recent market crash wiped out about $435 million in cryptocurrency liquidations, affecting a range of digital assets. Most of this amount came from bullish and long traders' positions worth $360 million in anticipation of further price gains in the market.
Despite the bearish environment, Cardano trading volumes have increased significantly. According to cryptocurrency market rating platform CoinMarketCap, #ADA trading volume rose 162% to US$574.9 million in the last 24 hours. This surge is especially noticeable against the backdrop of a general downturn in the market.
The reasons for the surge in ADA trading volume are varied, but may be indicative of investor positioning. Increased volatility often leads to higher trading volumes as traders buy and sell in high volumes.
It has been reported that Cardano has recently gained popularity among institutional investors, which may have contributed to increased trading volumes.
The market will be watching ADA's price performance closely to see if it will capitalize on the current surge in interest or maintain the status quo.
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Trump has not confirmed his association with the DJT token, but blockchain analysts and industry leaders are skeptical of his official connection.

Trump-related #meme coins, including the popular MAGA (TRUMP) coin, have experienced a significant decline, falling in value by more than 51%.
This drop followed rumors that Trump tokens would "officially" launch on the #Solana #blockchain .
According to a June 17 report by Pirate Wires, former U. S. President Donald Trump is allegedly preparing to launch a #token called TrumpCoin with the ticker DJT, and rumored to be his 18-year-old son Barron Trump.
Trump is rumored to launch the official token, $DJT, in Solana. The initiator is Barron's.
It didn't take long for the rumors to spread: in four hours, the TRUMP token (MAGA) fell more than 50% to $5.65, wiping out more than $150 million in market value. Other Trump-themed meme coins also suffered heavy losses.
The Donald Tremp meme coin (TREMP), founded by Solana, fell by 50%, dropping from $1.05 to $0.53 before returning to $0.71. Similarly, the Geo Boden token (BODEN) fell more than 32%.
Meanwhile, although DJT tokens were still relatively unknown, their market value reached $120 million on June 18; according to Birdseye, the first DJT token was minted on April 22.
Trump's team has yet to confirm these rumors, leading to speculation and concern in the crypto community.
Mike Solana, CMO of venture capital firm Founders Fund and editor-in-chief of Pirate Wires, published the smart contract address "for clarification" in response to his publication's tweet. At the time of writing, the market value of the tokens associated with the contract was $177 million.
However, Mr. Solana later clarified that he had not spoken directly to Mr. Trump and acknowledged that the latter might deny his involvement with the tokens. I simply reported what I know from my sources,'' Mr. Solana said.

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Despite temporarily rising to $151 on June 16, the Solana native token SOL (SOL) has corrected 24% since June 7. Compared to the market capitalization of the entire cryptocurrency market, it has fallen 14% over the same period.

This suggests that SOL's problems are more pronounced than the market's declining interest in cryptocurrencies as a whole.
Several indicators, such as online activity on the #Solana network and demand for leveraged positions, suggest that the bearish momentum in SOL is likely to continue. If demand remains unchanged, this could lead to a retest of the $130 level or lower.
Part of the decline in interest in cryptocurrencies can be attributed to the strong performance of the S&P 500 Index, which hit an all-time high on June 17.
The stock market has been boosted by technology stocks, and the latest employment and consumer demand data showed a strong second quarter. Investors believe there is a two-thirds chance that the U. S. central bank will start cutting interest rates by September.
Despite the high potential of the cryptocurrency market, investors are concerned that the U. S. economy will not be able to sustain growth in the long term due to high interest rates. This risk particularly affects #altcoins such as SOL, as #bitcoin (BTC) and ether (ETH) have prioritized access to institutional capital through exchange-traded funds (ETFs).
Even if the cryptocurrency market grows in the coming months, competition for blockchain-centric smart contracts will be fierce, with multiple applications running on the Solana network competing with other blockchains for yield, ether, liquidity and even launching tokens against each other. They provide a bridge for asset exchange.
The exchange fees in Solana are only 1.3% higher than the inflation of the SOL token. In contrast, #ЛюбимыйТокен offers an effective fee rate of 2.8% thanks to its burn-in mechanism, and annual inflation is only 0.4%, according to StakingRewards.

Note that Solana's weekly transaction volume of $589 million is significantly less than #ЛюбимыйТокен Chain's $ 4.

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Learn about the latest developments in the cryptocurrency market.

Pyth's pull oracle improves the reliability and frequency of #Solana #ЛюбимыйТокен data, increasing transaction efficiency.
The new oracle supports over 500 price channels and provides the Solana protocol with broader and more efficient access to data.
Pyth's dual oracle system provides a smooth transition and improves reliability and security for Solana users.
#Pyth Network has launched the Dual Oracle System on the Solana #blockchain . This innovative technology promises to change the way developers access and use data on the blockchain, improving the reliability, speed and security of a wide range of applications.
Pyth's pull oracle has several advantages over its predecessor, push oracle: first, it improves reliability by allowing users to incorporate price updates into their transactions so that they are always up to date. In addition, this method overcomes the congestion problems that previously plagued push oracles.
In addition, the new oracle is updated more frequently. This means that Solana users can access real-time pricing data even during periods of high traffic. This feature is very important for timely DeFi transactions that are subject to price fluctuations.
Another important benefit is the expanded selection of price feeds: the Oracle Pyth pull offers more than 500 feeds, which is more than in the push version. This expansion is made possible by the improved gas efficiency of the system. Thus, the Solana protocol is now able to access a wider range of data and support more applications.
In addition, pull oracles provide access to historical price data; Solana developers can use this functionality for a variety of mission-critical tasks, such as backfilling transactions to ensure accurate calculations. This feature also helps prevent potential performance overruns and improves security.

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Fidelity's FBTC has once again witnessed the largest outflow of funds.

After a quiet weekend, the #bitcoin price fell to a one-month low of $64,000 over the past 12 hours amid growing outflows from spot ETFs.
At one point, more than US$100 billion was withdrawn from the cryptocurrency market, with most alts also falling sharply.
Bitcoin made several unsuccessful attempts to reach the $70,000 mark last week. The latest attempt came after the release of favorable U. S. consumer price index data on Wednesday, which saw #BTC soar from below $67,000 to $70,000 in a matter of minutes.
However, bears quickly blocked the move as the U. S. Federal Reserve decided not to cut interest rates, causing the price of the major cryptocurrency to plummet. By Friday evening, the asset had fallen in price by $5,000 to $BTC The weekend took a more positive and calm turn with BTC hitting just above $66,000. Monday also started quietly, after which the bulls attempted a push towards the $67,000 mark. However, this failed and the subsequent divergence led to bitcoin falling to a one-month low of $64,000, resulting in the liquidation of around $500 million.
This price drop came on the back of another ETF outflow, this time amounting to US$145.9 million from all ETF products.
BTC's market value fell below $1.3 trillion, but its dominance over #altcoins rose 0.7% overnight to 52.1%.
The increase in BTC's dominance as bitcoin's exchange rate corrected has caused altcoins to fall further. This was evidenced by altcoins such as SHIB, UNI and WIF, which fell in price by around 10%.
Solana, Dogecoin, Toncoin, #Cardano , Avalanche and Chainlink are also in deep negative territory, while #ETH and BNB are in the red.
XRP is the only exception among the big alts. Ripple's native token rose to just over $ 0.5 amid a market-wide correction.
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One of the key features of zkVM 1.0 is a more efficient testing process. The platform team also cites higher performance metrics as a benefit. Notably, zkVM 1.0 is developed in the Rust language, which allows generating proofs for various programs.

This feature allows the development of complex logic and removes the constraints typically associated with gas size and cost. The goal of the new platform for RISC Zero is to offload much of the computational work in the DApps #chain . The zk-proofing allows computation to be compacted and fast verification to be achieved. At the same time, verifiers do not perform the computation on their own.
Overall, this mechanism plays an important role in improving the scalability of #blockchain applications. It allows complex operations to be performed off-chain while keeping verification in the blockchain. Therefore, it can be used in areas where efficient and verifiable computation is important, such as in layer 2 blockchains and interchain bridges.
Typically, zkEVMs are designed for #ЛюбимыйТокен Virtual Machines (EVMs), and zkVMs are virtual machines that use ZK proof-of-concept for DApps. In addition to the recently launched zkVM 1.0, existing zkVMs include Nexus zkVM, Jolt from popular #cryptocurrency Andreessen Horowitz (a16z), and SPI from Succinct Labs, which recently became part of the Polygon and AggLayer collaboration. Check.
In the near future, zkVM 1.0 will support interoperability of DApps with any blockchain with an integrated RISC ZERO verifier. Thus, applications will be able to run on various chains such as Ethereum, Base, OP, World Chain, Arbitrum and Starknet.
To celebrate the launch of zkVM 1.0, RISC ZERO organized a trusted configuration ceremony. According to the project, the code has also undergone rigorous third-party audits.
Related news: California-based cryptocurrency startup Space and Time (SXT) recently released a sub-second ZK proof-of-stack called Proof of SQL.
Access to this high-performance zero-knowledge proof tool is open to users on GitHub.
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Find out the latest developments in the cryptocurrency market.

Ripple's CTO stated that RLUSD will be released on the ETH and XRPL main chains.
The stablecoin industry is expected to grow from $150 billion to $2.9-3 trillion by 2028.
Ripple's Stablecoin is an attempt to meet the growing demand.
US fintech company Ripple recently confirmed plans to launch a new RLUSD stablecoin based on the #XRP #Ledger and #ЛюбимыйТокен mainchain. The company cited the growing demand for stable coins and its own expertise in cross-border payments as the main reasons.
The company's CTO David "JoelKatz" Schwartz confirmed that Stablecoin will be released on the Ethereum mainchain.
He had previously stated that the RLUSD token would be released on both the #XRP Ledger and Ethereum. However, a user of platform X noted that the executive did not specify whether the stable tokens will be released on the Ethereum main chain or on the XRPL EVM sidechain.
In response, Ripple CTO David "JoelKatz" Schwartz clarified that stable coins will indeed debut on both the XRP Ledger and the Ethereum main chain. The Ethereum main chain is known for its congestion and high gas rates, but recent updates such as Merge have alleviated some of these issues.
Rhys Merrick, Ripple's managing director for the Middle East and Africa, highlighted Ripple's decades of experience in building cross-border payment systems.
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Find out the latest trends in the cryptocurrency market.

Justin Sun, founder of Tron, has transferred $35 million of various tokens (mostly #ЛюбимыйТокен assets) to #Binance over the past week.
These transfers indicate that Sun may be trying to increase Curve Finance's liquidity.
Curve Finance's #CRV tokens have plummeted in value due to the liquidation of the founder's loan.
Justin Sun, the founder of Tron, has transferred a significant amount of cryptocurrency - $35 million in 12 different tokens - to Binance over the past week. These tokens are mostly made up of DeFi assets, indicating Sun's intention to provide liquidity to Curve Finance. %%%%%%
3.45 million $ETHFI ($12.05 million) - claimed on airdrop. %%%%%%- 6.22 million $CRV ($1.96 million) - $5 million of this amount was purchased for $0.4 from Curve's founder via OTC last August.According to blockchain data, Sun's most recent deposit on Binance included $3.45 million worth of ETHFI ($1.25 million total), which was reportedly received via airdrop.In addition, there were $6.22 million CRV transfers ($1.96 million remaining). Of that, $5 million of CRV came from an OTC transaction last August, purchased directly from a wallet linked to Egorov, the founder of Curv Finance, at a discounted price of $0.4 per token.Finally, $333,000 in other DeFi tokens were also transferred, including SCVX, SMATIC, SGAL, SWOO, $PROS and $BTC These transfers followed Sun's previous purchase of another 5 million CRV tokens directly from Egorov's wallet. The price drop suggests that Sun may be trying to prevent the liquidation of loans related to the Curve founder, which was triggered by the CRV price drop.On Thursday, lending protocol Curve Finance saw the price of its CRV token plummet due to the automatic liquidation of loans linked to its founder Mikhail Egorov.According to analyst firms Lookonchain and Arkham, Mr.Read us at: Compass Investments

Coinbase's pre-launch marketplace allows users to enter into perpetual futures contracts for tokens that have not yet launched. These instruments are converted into standard perpetual contracts once the underlying tokens are launched on the relevant spot exchange.

This facility is available to institutional investors through #Coinbase International and to individual traders through Coinbase Advanced. The initial margin requirement is 50%, the maximum leverage is 2x and the notional position limit is $50,000 per #token .
The pre-launch market introduces a unique mechanism for determining the index price. Instead of the traditional method, a four-hour exponential moving average (EMA) from the instrument's mark price is used to determine the index price before launch. This approach is intended to provide a more stable price structure during the pre-launch phase.
What is the impact on the crypto industry?
The introduction of Coinbase International's pre-launch marketplace could have major implications for the crypto industry. It is a new way for traders to gain access to tokens before they become publicly available.
By offering the ability to speculate on the future value of these assets, Coinbase provides a tool that could be of interest to both institutional and retail investors interested in early-stage investments.
However, Coinbase makes no secret of the fact that these markets are very risky. Early-stage markets are usually characterized by low liquidity, high volatility and high liquidation potential.
In addition, these instruments are not included in Coinbase's liquidity support program, which is a concern for traders. The fact that the underlying token may not be launched is also a serious risk, as it could lead to the freezing or removal of the pre-launch market.
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#CryptoMarketTrends #DigitalCurrency #TrendingTopic

SHARE: US bitcoin ETFs saw outflows of $580.6 million following the Federal Reserve's hawkish stance on interest rates, while funds flowed into eta products, signaling a shift in investor sentiment.

The bearish trend in bitcoin-ETFs is not only seen in the US. Globally, outflows from digital asset investment products were the largest in nearly three months, exceeding $600 million. After five weeks of steady inflows into these investment vehicles, there was a significant reversal last week, with cumulative net outflows totaling $580.6 million.
Analysts attribute this reversal to last Wednesday's Federal Open Market Committee (FOMC) meeting, which was more hawkish than expected. The Fed left interest rates unchanged at 5.5% and proposed only one rate cut this year. This stance on inflation may have caused investors to pull funds out of risky assets like #bitcoin , leading to outflows from spot bitcoin ETFs.
U. S. spot bitcoin ETFs recorded 19 days of positive inflows, accumulating more than $4 billion. However, this trend reversed last Monday, coinciding with a drop in the bitcoin price following the release of various U. S. economic data reports. The outflow of funds was massive in nature. Grayscale's GBTC, the world's largest bitcoin fund, topped the list with $274.3 million in outflows. It was followed by Ark Invest's ARKB with US$149.7 million and Fidelity's FBTC with US$146.3 million. BlackRock's IBIT was the lone exception with net inflows of US$41.6 million.
Bearish sentiment also affected global markets. According to Coinshares, digital asset investment products saw the largest outflows in nearly three months - more than US$600 million. Interestingly, while bitcoin is struggling, Ethereum-related products are showing positive momentum. Last week, net inflows of $13 million were recorded globally, indicating a favorable outlook for #ethereum .

Despite the outflows from bitcoin #ETF funds, optimism for ethereum remains strong.
Recent outflows have underscored the dynamic nature of crypto investing.
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#TokenEconomy #news

David Hirsch, the head of the SEC's cryptoasset division, has resigned after nearly a decade in the position.

Share this link.Read this article.David Hirsch, the head of the SEC's cryptoasset division, has resigned after nearly a decade in the position.Rumors that Hirsch would join Pump. fun, a Mimcoin platform, were quickly denied by the man himself.His departure was announced at a time when the SEC was still dealing with high-profile #cryptocurrency cases and enforcing industry rules.David Hirsch, the head of the SEC's cryptoasset division, has resigned. Hirsch announced his resignation in a post on LinkedIn, ending his nearly decade-long tenure at the SEC. Hirsch led the Digital Asset Enforcement Group, which handled numerous complex and high-profile cases in the crypto industry.In his post, Hirsch reminisces about his time at the SEC and expresses his gratitude for the opportunity to participate in investigations. He is proud to have led the Crypto Asset Group and the Cyber Unit and notes the support of numerous supervisors, colleagues, and partners from various regulatory and law enforcement agencies.Hirsch's resignation immediately sparked rumors that he had moved to Pump. fun, an emerging Mimcoin platform, as head of trading. However, Hirsch was quick to deny these rumors. In a LinkedIn post, he responded to comments questioning the validity of his claims about his new role at Pump. fun. This statement by Pumpdotfun is not true.It's hard for me to leave an agency that has given me so much, but I'm excited for new challenges. I'll talk more about it soon, but for now I'm looking forward to taking some time off and traveling with my family before my son leaves for college in the fall. "\n The SEC's approach under Hirsch contrasted with the previous loose style of enforcement.
Despite this, Hirsch has taken a pretty tough stance on the crypto industry.

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#transscreen.ru #MarketInsights #GlobalCrypto #BlockchainFuture

The number of freely available ETH tokens is declining, and increasing bid offers are limiting supply.

Share this linkIn this post.The number of freely available #ETH tokens is declining, and increasing bid offers are limiting supply.ETH deflation is intensifying and the supply of 120 million tokens has leveled off.A growing number of organizations are offering staking services for small investors who lack 32 ETH to create validator nodes.With just over 72% of #ЛюбимыйТокен (ETH) tokens freely available, growth in staking contributions has accelerated in recent months. Liquid re-staking is the biggest driver of blockchain tokens in 2024.Staking in Ethereum has accelerated based on 32-ETH deposits to the underlying smartcoin. Based on deposits and withdrawals, it appears that approximately 27.5% of the total ETH is currently staked, with only 72.5% remaining. Some of the remaining tokens are held in long-term wallets or other vaults or protocols and may be illiquid.As of June 17, more than 91% of deposited ETH was in the money. The largest deposits were in the $1,600 and $1,900 price range.The Ethereum network shifted to net deposits in June, and gross deposits have come to dominate; major centralized exchanges such as Coinbase, #Binance , and Kraken are among those betting on ETH. In addition, there are also betting deposits from major liquid betting protocols such as Lido DAO.Read also: Grayscale holds eth tokens at a discount: will the portfolio survive ethereum etf cancellation?Deposit contract Beacon reports that a total of 46.3 million ETH has been placed. The portion of the blockchain offering now exceeds the amount allocated by the Ethereum Foundation (an estimated 2.9 million tokens); the ETH supply is unevenly distributed, with about 40% of the original 60 million tokens reserved for sale in the ICO.The proof-of-stake process creates 2,622 new ETH every day.

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#CryptoNews #Crypto2024

The court's decision on the size of the fine will be a landmark case for the booming cryptocurrency industry. A hefty fine for Ripple could set a precedent for stricter SEC regulation of cryptocurrencies deemed unregistered securities.

As a result, innovation could be stifled and the growth of the #cryptocurrency market could be stunted. Conversely, a lenient penalty could be interpreted as a lack of enforcement by the SEC, leading to a "western frontier" scenario for the cryptocurrency market.
Alderoti may have used the harsh language as a bargaining chip to get the SEC to agree to a settlement less than the $10 million #Ripple was demanding. Otherwise, it shows Ripple's determination to go to court, which could lead to a lengthy legal battle that could take years to resolve.
A glimmer of hope or a negotiating tactic?
The significant reduction in the proposed fine from $2 billion to $102.6 million suggests that a compromise may be possible. Perhaps the court will eventually set a middle figure, making some concessions to both sides.
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ADA has fallen 7.43% in a few days as part of a strong bearish trend.

Leading indicators are pointing to a continuation of the bearish trend as #ADA tries to create another support level.
#Cardano [ADA] has been showing declines for the past 30 days. Over the past seven days, prices have fallen by 7.43%. As of today, ADA is trading at $0.4074 and daily volume is up 15.32% to $213 million.
According to coinmarketcap, ADA has a market value of $14.5 billion, up 1.13% in 24 hours.
According to AMBcrypto analysis, ADA is set for a breakout; a break below $0.406 would create another support level.
The bearish trend will continue until the structure changes or another strong support emerges. Thus, current trading indicates that the market has a persistent bearish bias and will continue until lower support near $0.356 appears.
A reversal at $0.403 would take prices to $0.487. However, the current market trend is bearish and is likely to continue.
Indeed, ADA's CMF is currently at minus 0.15, indicating increasing selling pressure. A negative CMF usually means that the bearish trend is continuing.
When selling pressure intensifies, there are more sellers than buyers and prices fall.
According to Coinglass, the ADA-weighted funding rate is declining. A declining funding rate usually means that shorts are paying for long positions, indicating a bearish trend and sentiment.
If futures are trading at a discount to spot, this puts downward pressure on prices.
Similarly, Santiment's data on total ADA open interest in USD indicates a decline in trading activity. A decrease in open interest indicates a decrease in the number of trades in the futures market, which in turn indicates an emptying of the #order book.
Such changes in market sentiment lead to increased volatility of trading volumes. Such a change suggests a bearish trend in which forced liquidation occurs.
How far will ADA fall?

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