Transactions on crypto exchanges with the Turkish lira reached a record and overtook the euro.

Against the backdrop of high inflation in Turkey, transactions on crypto exchanges with the currency of this country have reached a historical maximum!

In early June, the share of the Turkish lira (TRY) in total trading volume on crypto exchanges reached a record high of 19% among all fiat pairs, Kaiko analysts write in a new report.

The turnover in currency pairs with the lira for the first time exceeded the volume in pairs with the euro. The leaders among fiat pairs remain the American dollar and the South Korean won, and the largest trading volume on crypto platforms traditionally takes place in dollar stablecoins.

Hacker withdrew $20 million worth of crypto assets from UwU Lend DeFi protocol

Among the stolen assets were Wrapped Bitcoin (wBTC) and DAI stablecoins. The unknown person completed three transactions in six minutes, managing to withdraw coins from the pools and convert the stolen funds into ether.
Cyvers CTO and co-founder Meir Dolev said his team is still investigating the incident. It turned out that two days ago the attacker received funding through the cryptocurrency mixing service Tornado Cash.

$BTC

The recent market correction has lowered the prices of major cryptocurrencies and prompted traders to turn to meme coins. By choosing this tactic, one crypto trader was able to make huge profits, which created additional excitement around this type of token.
Specifically, the investor spent 15.8 SOL (worth approximately $2,558) to buy 36.77 million RNT tokens. He then sold 606,000 RNT for 165 SOL (approximately $26,800), leaving himself with 36.17 million RNT, worth approximately $2.4 million.
According to Lookonchain, on June 7, a successful trader created a new crypto wallet and began trading 12 meme coins. In 83% of cases he recorded a profit.
The user bought assets such as RNT, TOPG, TATESOL and others. This trend has become more noticeable amid the meme coin frenzy fueled by Solana-based assets.
The Meme Coin Craze and the Market Correction Last month, another trader made $657,000 in just a few hours by investing $800 in Mother Iggy (MOTHER) token. The crypto asset saw extraordinary price gains following last week's market correction, which saw both meme coins and leading crypto assets decline in value.

What will happen to Bitcoin in the coming week.

RBC-Crypto does not provide investment advice; the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.

On Sunday, June 9, Bitcoin (BTC) was trading around $69.3 thousand, its price has increased by about 2.5% over the past week. Experts analyzed the market situation and assessed the prospects for Bitcoin exchange rate movements over the next seven days.

The price of the exchange token, which makes up the bulk of Changpeng Zhao's capital, rose to a record high

A record rise in the price of the Binance exchange token (BNB) has made its founder Changpeng Zhao the richest person ever to serve time in a US federal prison. The cryptocurrency made a new high in the first week of his four-month prison sentence.

#BNB #binance #TopCoinsJune2024 #Bloomberg

Net inflows since the beginning of the year have grown to $15.5 billion. The total value of assets under management of 11 Bitcoin ETFs in the United States reached $61.1 billion - approximately 4.47% of existing coins.

The volume of funds under management of Bitcoin ETFs has reached 60% of gold ETFs, given that gold exchange-traded funds have been on the market for about 20 years, while Bitcoin ETFs appeared five months ago.