Here are the latest updates from Binance as of June 22, 2024:
Market Overview:
The global cryptocurrency market cap is approximately $2.53 trillion, experiencing a slight decline of about 3.92% recently (Binance).
Bitcoin (BTC) has been trading between $70,384 and $71,758 over the past 24 hours (Binance).
Binance Coin (BNB) is trading around $710, marking a 1.69% increase in the past 24 hours (Binance).
New Listings and Integrations:
Binance has added LayerZero (ZRO) across various trading platforms including Earn, Buy Crypto, Convert, Margin, and Futures (Binance).
Tether (USDT) is now integrated on the Toncoin network, allowing for deposits and withdrawals (Binance).
Metal DAO (MTL) is undergoing a mainnet swap supported by Binance (Binance).
Regulatory and Adoption News:
PayPal now supports cryptocurrency transfers to and from its platform, enhancing crypto accessibility for users (Binance).
The Reserve Bank of India is piloting a blockchain-based trade finance project to enhance transaction data storage and money flow tracing (Binance).
Mastercard has partnered with multiple Web3 companies to facilitate NFT purchases using Mastercard (Binance).
Market Trends:
Despite a general downturn in the crypto market, there are positive trends such as an 8.6% increase in total market capitalization in May 2024. This is largely attributed to the preliminary approval of spot Ethereum ETFs by the SEC (Binance).
The DeFi market has shown significant growth, with Total Value Locked (TVL) increasing by 21.7% (Binance).
However, the NFT market has seen a decline, with sales volume decreasing by 41% to $0.63 billion (Binance).
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