$BTC 62K 2 days and 12 hours before the Halving | CryptoGeorgia09 στο Binance Square

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$BTC  62K 
2 days and 12 hours before the Halving 

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a16zcrypto Report: No Panic – The Crypto Market Is Holding Up The latest report from a16z crypto, the crypto arm of venture capital powerhouse Andreessen Horowitz, suggests that despite the bear market and withdrawals from crypto funds, the overall situation is not as grim as it might appear. Andreessen Horowitz consistently delivers multifaceted analytics on various segments of the cryptocurrency market. Many investors track the movements of venture capital behemoths like a16z crypto to ensure their investment strategies are well-informed. The latest State of Crypto Index report explores several crucial metrics that shed light on the prevailing sentiments in the market. Key Positive Trends from the Report There's been a notable increase in the number of unique users on various blockchains. The metric for active network addresses has reached a new high of 53.14 million, a testament to the broad adoption of cryptocurrencies. Mobile apps are currently the most favored method for storing cryptocurrencies, having increased to 28.37 million users. While this method may not offer the highest security, its convenience for quick transactions is a significant draw. The preference for mobile wallets by over half of all users suggests a substantial influx of newcomers into the market. The interest in crypto-related jobs continues to be strong, with an average of 1.6 applicants per vacancy. This is an improvement from November 2023, when there was one candidate per vacancy, though it is still below the record high in December 2021, when each vacancy attracted three applicants. https://www.gncrypto.news/news/a16zcrypto-no-panic-the-crypto-market-is-holding-up/ #MtGoxJulyRepayments

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Crypto Industry Lost $572.7m to Hacks in Q2 The second quarter of 2024 recorded a loss of cryptocurrency totaling $572.7 million due to 72 incidents caused by hacking and fraud. According to the latest report by Web3 platform Immunefi, the figure is up 70.3% from the $336.3 million lost in the first quarter and 112% from the second quarter of 2023, during which $265.5 million was stolen. Since the beginning of the year, more than $900 million has been lost, which is 24% more than in the same period last year. The report notes that fraudsters have also changed their target. While in the first quarter, DeFi platforms were the main target of attackers, the situation changed in the second quarter. Centralized finance (CeFi) platforms suffered the most attacks in the second quarter, accounting for 70% ($401.4 million) of the losses. At the same time, decentralized financial platforms (DeFi) accounted for 30% ($171.3 million) of the losses in the quarter. Mitchell Amador, founder and CEO of Immunefi, emphasized the severity of infrastructure compromises, stating, “This quarter highlights how infrastructure compromises can be the most devastating hacks in crypto, as a single compromise can lead to millions in damages.” Source https://deniztutku.substack.com/p/weekend-news-recap-new-pixels-games #HackerAlert #StolenFunds

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Artificial intelligence will create significant wealth, and bitcoin will play an important role in preserving this new state - Anthony Pompliano (well-known investor and founder of Pomp Investments) Pompliano noted that many people used to focus on Bitcoin and the crypto sector in general. Today, the focus has shifted to artificial intelligence, and in his opinion, this is not a bad thing. “But I think people are kind of missing that these are actually part of the same trend.” he said. The investor points out that the world is moving towards an era of automation, when artificial intelligence will create enormous wealth. And when this era becomes a reality, bitcoin's responsibility will be to protect it from AI. “When you see these technologies coming together, an easy way to see the intersection is what money are these machines going to use?” Pompliano stated during the interview. He believes that as artificial intelligence develops and grows through investment, investors will return to Bitcoin. When this happens, he is convinced that the United States will experience a GDP growth thanks to the productivity of AI. Bitcoin's ability to participate in this potential massive artificial intelligence development could lead to a recovery in the coin's price. In his opinion, the recent drop in bitcoin is the result of investors' decision to invest in artificial intelligence. But Pompliano isn't worried about the current 15% price drop, pointing out that bull markets typically see several price pullbacks of 30% or more. “A lot of people in public markets say “invest in until May and go away” and as a result, the second and third quarters tend to trade sideways — particularly in halving years” he explained. Pompliano believes that a similar situation is observed now, but expects another price rally to take place in the last quarter or early 2025, which is also a historical trend in halving years. Source https://mirror.xyz/0xCB5faAd7eD04a1676Cc88e57139aD35c8F279c64/SaDx2nDiWZYn2RQ0YvRSIY9egf_s05ypeEUb_F9GdHI #Pompliano #bitcoin☀️ #AI

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Bitcoin Price Fall Hits Exchange Coins Hard: June Price Performance Review of Major Exchange Coins/Tokens CEXs The Only Gainer: 🔵 MX (MEXC): Down by 2.5% Losers: 🟢 KCS (KuCoin): Down by 1.05% ⚫️ WBT (WhiteBIT): Down by 1.95% 🟡 $BNB (Binance): Down by 2.3% 🟡 LEO (Bitfinex): Down by 2.5% 🔵 GT (Gate. io ): Down by 3.2% 🔵 HT (Huobi): Down by 7.95% ⚪️ OKB (OKX): Down by 12% 🔵 BGB (Bitget): Down by 16.3% 🔵 CRO (Crypto. com): Down by 18.1% DEXs No Gainers 🟥 Losers: 🦄 UNI (Uniswap): Down by 6.66% 🗼 XLM (Stellar): Down by 13.8% 🐦‍⬛ GNO (Gnosis): Down by 15.6% 🎠 1INCH (1inch Network): Down by 19.98% 🧁 CAKE (PancakeSwap): Down by 22.55% 🪐 JUP (Jupiter): Down by 24.65% 🍣 SUSHI (SushiSwap): Down by 27.7% ®️ RUNE (Thorchain): Down by 31.9% 📐 $LRC (Loopring): Down by 33.5% 🍵 OSMO (Osmosis): Down by 34,9% Numbers are according to CoinGecko (01.07.2024 - 10:00 UTC) $MX (MEXC) is the champion of the month $OSMO is the loser of the month #Prices #exchanges #OSMO #MX

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🆕 Introducing new cryptocurrencies 🌉 LayerZero is a cutting-edge interoperability protocol that supports seamless communication between different blockchain networks. The ability to transfer data and assets across various blockchains is crucial in the rapidly expanding blockchain ecosystem. Cross-chain interoperability is essential because it breaks down the silos that often limit blockchain applications. At its core, LayerZero leverages Ultra Light Nodes (ULNs), which are smart contracts deployed on various blockchains. These ULNs serve as endpoints for cross-chain communication, ensuring that messages and transactions are validated accurately using block headers and transaction proofs. 💡 This innovation fosters greater collaboration and integration across the blockchain space, driving the ecosystem towards a more interconnected and functional future. 🪙 The $ZRO token is the native governance token of the LayerZero protocol. It is designed to incentivize participation and governance within the LayerZero ecosystem. Holding tokens allows users to have a say in the future development and governance of the protocol, ensuring that the community has a voice in critical decisions. After the ZRO airdrop Circulating supply is at 20% for now Market Cap sum made it to TOP100 - Around $670 Million (26.06) LayerZero and ZKsync ($ZK ) are two of the most successful projects that gained huge attention recently. Right now $ZRO is already listed on largest global exchanges including Binance, Coinbase, Bybit, Kucoin, WhiteBIT, Huobi, Gate.io, MEXC, BITGET, Bitfinex etc. #LayerZero #ZkSync #ZRO #ZK

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