1. Runes Protocol Transactions Drop:
The Runes protocol on the Bitcoin network has seen a significant drop in transaction volume, with the number of transactions declining by more than 88% by the end of June 2024 after having achieved more than 15 million transactions in the first four months of the year.
2. Tether Earnings Forecast:
Tether Holdings, the largest stablecoin issuer, expects to generate net profits of over $10 billion by the end of 2024.
3. Cryptocurrency Security:
North Korean-linked hackers managed to steal record amounts of money from cryptocurrency platforms in 2024, reflecting growing threats to US national security.
4. Bitcoin prices:
Bitcoin $BTC paused its rally after breaching $108,000 as traders awaited a decision from the Federal Reserve on whether to cut interest rates. However, Bitcoin hit an all-time high for the second day in a row, amid expectations of $110,000.
5. Crypto asset market momentum in Dubai:
Dubai’s cryptocurrency sector is seeing further momentum with a new player joining its service providers, reflecting the ambition to capture a piece of the market.
6. Bitcoin Gain Chain:
Bitcoin is on track for a seventh straight week of gains, buoyed by growing optimism over a crypto-friendly Trump administration, extending what would be its longest winning streak in three years.
These events reflect the dynamic changes in the cryptocurrency market and highlight the challenges and opportunities it faces.
