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🚨 #Crypto hacks decreased by 54.2% in June compared to May, with losses totaling $176 million. This drop follows a peak in May when $385 million was lost. The #BtcTurk exchange experienced the largest single hack, losing over $100 million.
The price of Ethereum Name Service $ENS surged by 40% to $35 in a single day due to increased demand and positive market sentiment. Factors contributing to the rally include the growing adoption of ENS domains and strategic partnerships that enhance the utility of the #ENS ecosystem.
In an interview with Yat Siu, co-founder of Animoca Brands, he discusses the company's focus on the open metaverse and the importance of digital property rights. Siu highlights the growth of #blockchain gaming and the potential for #NFTs to revolutionize digital ownership. He also talked about Telegram and how it is innovating the Web3 space: "We’re going to see over 100 million users join Web3 because of $TON/Telegram"
📊 Digital asset investment products faced a third week of outflows totaling $30M. $ETH led outflows with $61M, marking the worst YTD performance. Inflows were seen in multi-asset ($18M) and #Bitcoin ETPs ($10M). Altcoins like $SOL ($1.6M) and $LTC ($1.4M) also gained.
🎉 #Bolivia has lifted its 4 year #cryptocurrency ban to modernize its payment system. The Central Bank of Bolivia, in collaboration with the Financial System Supervisory Authority and the Financial Investigations Unit, revoked the ban, allowing financial entities to transact with cryptocurrencies.
⚠️ #Bitcoin activity has dropped to its lowest level since November 2010, with the active #wallet ratio falling to 1.22% in June. The number of active wallets reached a low of 614,770 in late May, the lowest since December 2018, according to @IntoTheBlock
#NFT sales volume dropped by 45% in Q2 2024, hitting $2.24 billion, the lowest since Q3 2023. This decline follows a strong Q1, where sales were $4.1 billion.
📉 Bitcoin's support is weakening below $60K, despite the latest U.S. #PCE data showing a three-year low in inflation. While PCE data was as expected, $BTC price remains stagnant, hovering just above $60K.
🚨 JUST IN: The "US Government" wallet transferred 11.84 $BTC ($726K) to 3KHnTqDh2LUmzYe8hgSnxY2QHFcNmuuso9 at 13:02 (UTC) This might be a small test before a larger transfer.
📣 Jesse Powell, co-founder of Kraken Exchange, donated $1M in $ETH to Trump's 2024 campaign, praising him as the only pro-#crypto major candidate. Other crypto leaders, like the Winklevoss twins, also back him.
👷🏻♀️ #Bitcoin miner sell pressure is easing as $BTC withdrawals from miner-affiliated wallets have dropped 85% since the April halving. The number of withdrawals fell from over 50,000 to under 10,000 per day.
#Cardano successfully defended against a distributed denial-of-service #DDoS attack, ensuring network stability and performance. The attack targeted the Cardano #blockchain to overwhelm it with traffic, but the system's robust architecture and security measures thwarted the attempt, maintaining operational integrity without any disruptions