Binance burned 1.7B $LUNC tokens on July 1, pushing its total LUNC burn to nearly 62B since 2022. The Terra Luna Classic community has now burned over 125B tokens, with Binance contributing more than 50%. Prices of $LUNC and $USTC rose 1% and 2% respectively. #Update
Bitcoin weekend trading volumes hit a record low of 16% in 2024, influenced by Bitcoin spot ETFs and the 2023 closure of key US banks like SVB and Signature Bank. Despite lower weekend activity, ETFs have added stability and liquidity. #Update #Bitcoin $BTC
McKinsey projects tokenization market cap to hit $2T by 2030, possibly $4T, far below optimistic $10T estimates. Despite potential benefits like 24/7 payments, issues such as liquidity and regulatory delays impede growth. #Update #Tokenization
Ethereum whale 0x2Eb08 moved 7,000 $ETH ($24.28M) to Kraken after 209 days of inactivity. This comes as Ethereum faces major outflows and SEC delays on a spot ETH ETF. Despite this, $ETH rose 2.20% today, hitting $3,463.00. #CryptoNews
TEA, a new memecoin on Solana, launched July 1, 2024, has already attracted 3M users. It offers staking with 50% APY, farming, and a burning mechanism to support global sustainability and education. #Crypto #Update
The Russian Union of Industrialists and Entrepreneurs is planning a national Bitcoin fund to boost digital financial assets in foreign trade, circumventing sanctions. This initiative will use locally mined Bitcoins to back DFAs for legal cross-border transactions. #CryptoNews
Institutional interest in altcoins is surging, with $SOL and $LTC seeing inflows of $1.6M and $1.4M, respectively. Meanwhile, $ETH faces $119M in outflows. The shift highlights confidence in innovative tech and cross-border payment utility. #CryptoNews
Cryptocurrency funds saw $30M withdrawn in late June, marking the third straight week of outflows. Ethereum-based funds were hit hardest with $60.7M withdrawn, the most since Aug 2022. Germany and Hong Kong led outflows. Trading volume rose 43% to $6.2B. #CryptoNews
An anonymous trader turned $9,923 into over $3.05M in 30 minutes by trading the BAKED meme coin on the Solana network, highlighting the volatile yet lucrative nature of meme coin investments. Analytics firm Lookonchain revealed BAKED was quickly acquired by few wallets. #Crypto #Update
XRP whales moved 230M coins worth $109.21M as the Ripple vs. SEC lawsuit nears conclusion. Key transactions: 30.93M XRP dumped on Bitstamp, 200M shifted to an unknown wallet. XRP trades at $0.4802 (+1.39%). Futures OI up 4.31%, derivatives volume up 58.30%. #XRP #CryptoNews
Marine Le Pen’s National Rally leads France’s parliamentary elections with 33.2%, surpassing the leftwing New Popular Front’s 28% and Macron’s 22.4%. This shift raises questions about future crypto policies and regulatory frameworks. #Update #France #Crypto
Pump.fun, known for launching meme coins, hits $50M in revenue with 340,512 SOL as of June 30. Daily commissions peaked at 13,511 SOL ($2M). SOL token up 14.6%, trading at $147.5. 1.18M meme coins created to date. #Update #CryptoNews #Solana $SOL
Germany sells 400 BTC ($25.28M) to major exchanges, part of 2,500 BTC sold recently. Despite sales, Germany’s Bitcoin holdings still valued at $2.8B with $961M in unrealized profit. Bitcoin price surges above $62K, currently trading at $62,868.28. #CryptoNews
Hackers stole $176.2M in June, a 54.2% drop from May’s $574.6M. The largest breach was @btcturkcomtr losing $100.25M. Other victims: Lykke ($22M), UwU Lend ($19.4M), Holograph ($14.4M), Velocore ($6.8M). #Update #CryptoSecurity
