Bitcoin hit $31,000
On June 23, the BTC price broke the $31,000 mark, posting a 4.2% gain over the past 24 hours, according to fresh data from CoinGecko. At the moment, the price of the cryptocurrency is holding above the psychological mark of $31,400. It is important to note that other assets from the top 10 by capitalization are also seeing positive dynamics.
Several factors had a positive impact on the market rate. For example, BlackRock filed an application to launch a spot crypto fund ETF, which aroused increased interest from investors. In addition to BlackRock, four other organizations, including Fidelity, Invesco, Wisdom Tree and Valkyrie, have also filed their applications with the US Securities and Exchange Commission. Moreover, the SEC and Binance.US have reached an important agreement aimed at preventing an asset freeze.
Over 20 million ETH already staked
More than 20 million ETH coins, which is 16.49% of the total supply, are staking. Since the implementation of the Shanghai update, 7.11 million ETH has been added to staking, while 3.45 million ETH has been withdrawn from staking. These numbers show the continued growth in popularity and use of staking as a way to generate passive income for Ethereum holders. Staking continues to attract new entrants, and the Shanghai update further expands the possibilities and efficiency of staking on the Ethereum network.
Binance filed a lawsuit against the SEC
Binance, in response to the SEC's statement, has taken legal action, alleging that the regulator has misled the public with its statements. The exchange believes that the SEC has not provided any convincing evidence of the mixing of Binance US client assets or their misuse. In addition, Binance believes that the press release issued by the SEC was designed to create unreasonable confusion in the market, which could harm customers rather than protect them.
Dash halving happened
The developers of the Dash protocol successfully completed the halving at block height 1,892,161. As a result, the block reward decreased from 2.49 DASH to 2.312214 DASH. The Dash network currently has an impressive 3.38 PH/s hashrate. The next Dash halving is scheduled for July 7, 2024. After this event, the block reward will decrease to 2.1448 DASH instead of the previous 2.3097 DASH. Currently, 210,207 blocks remain to be mined. However, it should be noted that Dash halving does not mean halving the block reward, as is the case with Bitcoin (BTC), where this happens every four years. Instead, Dash uses a 7.14% annual block reward phasing mechanism.
The next Litecoin (LTC) token halving is expected, which will take place in 40 days, on August 2. At the moment, the block reward in Litecoin is 12.5 LTC, and after the halving it will decrease to 6.25 LTC. There are 23,280 blocks left before the halving. After the Litecoin halving, the community is looking forward to the Bitcoin halving, which is scheduled for April 27, 2024. It is now planned that the block reward will be 3.125 BTC, with the current block reward of 6.25 BTC.
Ledger prepares to launch SEED recovery feature
Ledger is actively preparing for the upcoming launch of its new SEED recovery feature. The company has already published technical specifications for the Recover feature and aims to roll it out in the fourth quarter of this year. The CTO guarantees that the recovery process will be completely 100% secure. Moreover, in order to ensure the trust of users, Ledger previously announced that it would postpone the launch of the function until the moment when it publishes the Recover code itself. Previously, a large number of crypto users criticized the introduction of the new feature.
Tether burned 3,100,000,000 USDT TRC20
Tether has announced that it will burn 3,100,000,000 USDT on the Tron blockchain. Coin burning is a fairly common practice among token developers. This event is carried out by the creators of tokens in order to limit the supply and maintain or increase the value of the coin. Each coin burning operation is meticulously recorded on the blockchain as a transaction, allowing anyone to verify that the coins have indeed been permanently taken out of circulation. In this way, transparency and trust are ensured regarding the incineration process.
There are more than 420 million crypto users in the world
According to the latest data provided by TripleA, there is a huge number of crypto users in the world, exceeding the 420 million mark. These figures, reflecting the state of May 2023, indicate a significant increase in the popularity of cryptocurrencies around the world. It is interesting to note that the top 5 countries in terms of the number of crypto users include India with 103 million (which is 7.23% of the total population of the country), China with 58 million (4.08%), the United States with 44 million (13.22%), Vietnam with 20 million (20.54%) and Pakistan with 15.4 million (6.4%). This data highlights the growing importance and attractiveness of cryptocurrencies for people around the world and allows us to assess the extent of their use in various regions.
