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Binance Confirms 1.7 Billion LUNC Was Burned. Crypto exchange Binance is embarking on a big change with the community app Tax2Gas. For this purpose, 1.7 billion Terra Luna Classic (LUNC) tokens were burned. With this amount of burn, the crypto community is curious about the next target. #Binance , the world's largest crypto exchange, burned 1.7 billion Terra Luna Classic tokens in the latest wallet burn on Monday. After the 23rd batch of the LUNC burning mechanism, Binance has burned approximately 62 billion LUNC to date. Moreover, the total LUNC tokens burned by the Terra Luna Classic community have exceeded 125 billion. Binance continues to support the community for the Terra Luna Classic revival since 2022 through the monthly LUNC burn mechanism. The Terra Luna Classic community witnessed the cremation on July 1. 1.7 billion Terra Luna Classic tokens were burned by crypto exchange Binance. The incineration also recorded 8.5 million LUNC in taxes. The Tax2Gas implementation expected this month will likely increase the burn rate. The 23rd batch of the LUNC burning mechanism saw Binance spend a significant amount of transaction fees for the period from May 31 to June 29. Binance has currently been able to burn approximately 61.99 billion Terra Luna Classic tokens from transaction fees on the #LUNC spot and margin trading pairs. As a result of the recent burn by Binance, the net burn of the Terra Luna Classic community has now exceeded 125 billion LUNC. Binance accounts for over 50% of the total LUNC burned since the community took control of the chain. The reason behind the low burning amount, unlike the community, is due to less processing.
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Giant Acquisition from BlackRock US-based BlackRock, one of the world's largest asset management companies, announced that an agreement was reached to acquire British financial data provider Preqin for $ 3.2 billion. In the written statement made by #BlackRock , it was stated that British financial data provider Preqin accepted BlackRock's $3.2 billion cash purchase offer. BlackRock aims to strengthen its software division Aladdin by bringing together data, research and investment processing for fund managers through the acquisition. The $3.2 billion acquisition is expected to be completed this year, following the necessary permits. It was noteworthy that BlackRock purchased Preqin, beating the offers of Bloomberg, London Stock Exchange and S&P Global.
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🧙♂️ Bitcoin's return in June was -6.96%. •Bitcoin's average return in July compared to previous years is +7.42%.
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📣On Monday, July 1, Wanchain (WAN) will make an announcement. 🇪🇺The European Region inflation rate will be announced on Tuesday, July 2 at 12:00. •Expectation: 2.5% •Previous: 2.6% 🇺🇸 Fed Chairman Jerome Powell will give a speech on Tuesday, July 2 at 16:30. 🇺🇸US Stock Exchanges will close early on Wednesday, July 3, due to Independence Day. 🇺🇲US Unemployment Benefit Applications will be announced on Wednesday, July 3 at 15:30. •Expectation: - •Previous: 233K 🇺🇸FED FOMC minutes will be published on Wednesday, July 3 at 21:00. 🇺🇸The US Unemployment Rate will be announced on Friday, July 5 at 15:30. •Expectation: 4.0% •Previous: 4.0% 🇺🇸US Non-Farm Employment Data will be announced on Friday, July 5 at 15:30. •Expected: 180K •Previous: 272K
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Ethereum Whale Signed a $60 Million Movement. An Ethereum whale woke up from its slumber. It moved over 7 thousand Ethereum. This move did not go unnoticed in the market. An Ethereum ICO whale woke up to shift 7000 coins to crypto exchange Kraken amid massive outflows in ETH. Despite significant upward momentum received by #Ethereum today, July 1, an #ICO whale moved a significant amount of its assets to a centralized exchange. According to data by CoinShares, 7,000 cryptocurrencies have been registered to be dumped amid Ethereum's $60 million weekly outflows. Ethereum recorded the biggest outflows since August 2022. ETH has raised serious concerns among market investors. So, look at the digital asset's current market statistics and why it has sparked bearish market sentiment. According to data from on-chain tracker EmberCN, #Ethereum whale 0x2Eb08 moved 7000 ETH worth $24.28 million to Kraken, an American crypto exchange. This process comes after 209 days of awakening. Additionally, the whale currently holds just over 40K $ETH worth $138.76 million. Simultaneously, a report by CoinShares highlighted that the transaction emerged amid weekly $60.7 million outflows in Ethereum. Combined with last week's performance, outflows totaled $119 million, positioning the asset as the worst performer in terms of net flows to date. Year-to-date outflows totaled $25 million. Collectively, these statistics have raised serious concerns among investors, questioning the asset's capacity for future gains despite its solid positioning as the second-largest crypto by market cap at $415.98 billion.
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