Binance’s 2024 Mid-Year Crypto Market Report reveals a 37.3% surge in market cap to $2.27T. Highlights: Bitcoin dominance post-halving, DeFi TVL up 72.8% to $94.1B, and stablecoins near peak levels. #Update
#Crypto #Bitcoin #DeFi
OM, the native token of the DeFi platform Mantra, surged 19% to $1.13, topping the crypto market. Its trading volume soared 900% to $311M, with an 8% gain in 24 hours. OM’s market cap is now $849M, ranking 82nd among cryptocurrencies. #Crypto
Nearly half of cryptocurrency investors are optimistic about market recovery, with 49.3% anticipating a positive turnaround, according to a @coingecko survey. Long-term investors are the most hopeful at 54%, while 25.5% remain neutral. #CryptoNews #Update
XRP, @Ripple’s native token, rose 4.3% in 24 hours despite market volatility. Technical indicators are mixed, but a bullish crossover between 5-day and 20-day averages is notable. Current price: $0.43. #Crypto #Update
Crypto market growth slows as complex KYC protocols deter investors despite 425M users. Stricter measures, beyond U.S. regulation requirements, impact liquidity and increase volatility. AI-based fraud detection could enhance approvals and boost adoption. #CryptoNews #Update
Chinese mining pools control 54% of the crypto market despite China’s 2021 Bitcoin mining ban, says @ki_young_ju of @cryptoquant_com. U.S. pools hold 40%. China’s controversial ban hasn’t stopped its mining farms from ranking second in Bitcoin production by May 2022. #CryptoNews
Marathon Digital Holdings ($MARA) surged 11% as Bitcoin soared above $63,000. $MARA hit $22.01 after announcing Kaspa mining. Coinbase ($COIN) jumped above $230, securing a deal with the U.S. Marshals Service. Riot Platforms ($RIOT) rose 5%. #Update
? $PEPE is set to overtake $SHIB in the crypto market, rising 650% vs. Shiba Inu’s 125%. With $1.5M in presale and potential Coinbase listing, Pepe’s memetic appeal and utility are driving significant growth. #Update #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
Sony enters the crypto exchange market by acquiring Amber Japan, rebranding it as S.BLOX. This move aims to expand supported currencies and features, enhancing secure crypto trading. #Crypto #Update
CryptoQuant analysts predict a Q3 2024 market upturn if miners halt Bitcoin sales. Key factors include reduced miner transactions, Bitcoin ETF outflows, and stablecoin issuance decline. Currently, $BTC trades near $60,900. Miners’ actions could drive a positive shift. #Crypto #Update
Bitcoin struggles to regain momentum with $700M outflows from U.S. Spot ETFs in 4 days. Meanwhile, Ethereum surges 4% post-SEC investigation conclusion. Bitcoin trades at $65,300; $ETH at $3,560. Analysts optimistic for late 2024 peaks. #Update
Institutional interest in crypto ETFs is surging, with $15B in net inflows at the Coinbase State of Crypto Summit. Analysts expect further boosts pending regulatory clarity. $COIN rated “Buy” with a $315 target. #CryptoNews #Update
The Turkish Lira (TRY) has surged to the third-largest fiat currency in crypto trading, surpassing the euro (EUR) with a 19% market share. #Crypto #Finance
