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During the course of the week, the total value locked (TVL) in Ethereum's decentralized finance (DeFi) sector decreased by 4.89%. With that, it fell to $44.26 billion. Concurrently, the Xai network saw a massive surge in transactions, up 10651.31 percent. Last week, the DeFi market fell, which was linked to a worldwide digital asset industry slump and a decrease in the Ethereum (ETH) rate, according to L2Beat, an analytical service. $ETH



During the course of the week, the total value locked (TVL) in Ethereum's decentralized finance (DeFi) sector decreased by 4.89%. With that, it fell to $44.26 billion. Concurrently, the Xai network saw a massive surge in transactions, up 10651.31 percent. Last week, the DeFi market fell, which was linked to a worldwide digital asset industry slump and a decrease in the Ethereum (ETH) rate, according to L2Beat, an analytical service.


$ETH

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Shiba Inu prices have fallen sharply, hitting a level not seen in months. Consequently, a vast number of investors saw their losses go unpaid. About SHIB 66.75 trillion was bought at prices ranging from $0.00002100 to $0.00002500, as seen on the Global In/Out of the Money (GIOM) indicator. Assuming memcoin's price stays stable, this $1.38 billion volume has the potential to turn a profit. At the same time, the RSI dropped below 40, marking its lowest point in eight months. $SHIB
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The digital dollar, USDT, is used by more than 300 million people globally, opening up essential services to entire communities in developing economies. According to Ardoino, these individuals face high inflation, fast depreciation of national fiat currencies, and a lack of bank accounts because the banking industry does not offer them sufficient services.
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An investor named Murad Makhmudov has laid out two potential paths forward for Bitcoin. According to his analysis, the bull market could extend beyond its usual four-year cycle if the price stays above $60,000. The value of the primary cryptocurrency could fall to $30,000 in the event of a worldwide recession, though this would depend on general economic trends. There is a good chance that Bitcoin will reach $60,000, according to Julio Moreno, head of research at CryptoQuant. Around the $62,800 realized price for short-term holders, he said, Bitcoin is at a critical level. This indicator has the potential to either bolster prices or trigger a correction of 8 to 12%. Peter Brandt, an experienced trader, predicts that if the price breaks below the $60,000 support level, it might continue to decline until it reaches $48,000. $BTC
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The five-day movement of mining company stock prices: Bit Digital (BTBT): 0%, Bitfarms (BITF): +13.77%, Argo Blockchain (ARBK): -3.71%, Riot Blockchain (RIOT): +7.96%, HIVE Blockchain (HIVE): +5.65%, and Marathon Digital Holdings (MARA): -3.71%.
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May saw 63.3 BTC generated by Bit Digital, a decrease of 47% compared to the previous period. Near the month's end, the business's hashrate was about 2.54 EH/s. Treasury reserves in the first cryptocurrency were estimated by Bit Digital to be 1,038.4 BTC and in the second cryptocurrency to be 20,508.3 ETH. As of May 31, the fair market value of the first cryptocurrency was approximately $70.1 million, and the second cryptocurrency $77.1 million. A total of $47.3 million was held by the company in cash and equivalents. $BTC
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