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The latest price moves in crypto markets in context for June 29, 2023.
With today’s 17% gain, BCH has now more than doubled in the week since it was listed on EDX Markets, a new crypto exchange backed by financial heavyweights.
Technical improvements and a listing on EDX Markets have likely fueled trading interest in bitcoin cash tokens.
The latest price moves in crypto markets in context for June 28, 2023.
ALSO: Fast-paced, entrepreneurial Seoul ranked fourth globally in CoinDesk's crypto hub series. Korea's digital asset friendly, regulatory environment and a vibrant retail community have helped enabled the industry's rising prominence in the city.
Bitcoin's market cap composes 52% of the total crypto market, its highest level since April 2021.
Stablecoin supplies on smart contract platforms continue to trend downward, but the smart contract index has maintained a solid performance.
Past data shows bitcoin tends to drop 2% on the day MSTR announces new purchases.
TUSD trades at a discount versus Tether as former FTX auditor Armanino's rebranded outlet The Network Firm's association with TrueUSD raises alarm bells on Crypto Twitter.
ALSO: Singapore ranked second in CoinDesk's Crypto Hubs survey. The city state raised billions through IPOs, weathered the collapse of homegrown darlings Terraform Labs and Three Arrows Capital and is now searching for the right regulatory balance to encourage crypto without getting burned again.
- 05:05Ripple CTO: XRP and RLUSD will complement each other, with the latter dominating the RWA tokenization marketRipple's Chief Technology Officer, David Schwartz, has once again commented on the company's latest product, RLUSD stablecoin, which was launched earlier this week. In a video message shared on the company's official X account, Schwartz stated that RLUSD provides the right use case to benefit users and developers. It is a reliable asset designed to showcase the potential of XRP Ledger. Schwartz pointed out that this stablecoin brings both direct and indirect benefits in the XRPL ecosystem. One direct advantage is that it drives positive transaction volume while XRP itself serves as a bridge asset. The uniqueness of XRP lies in its ability to support various assets thereby expanding accessibility on decentralized exchanges on XRPL. Due to unique differences between two assets, XRP and RLUSD will complement each other with blockchain payment companies continuing to use XRP as a bridge in their proprietary products. Furthermore, he emphasized prospects for RWA tokenization market believing RWA will continue growing with increasing demand for stablecoins where RLUSD will dominate this market.
- 05:04The number of PENGU token holders has exceeded 500,000According to data shared by Luca Netz, CEO of the NFT project "Pudgy Penguins", the number of PENGU token holders has exceeded 500,000.
- 04:20Overview of Important Developments on December 22nd at Noon7:00-12:00 Keywords: GraniteShares, Coinbase, Gary Gensler, USDC 1. Today's Fear and Greed Index is 73, still at the Greed level; 2. USDC circulation increased by approximately $900 million over the past week, reaching a total circulation of $42.3 billion; 3. Former SEC official: Gary Gensler is attempting to manipulate the SEC's enforcement division after leaving office; 4. GraniteShares submits leveraged ETF application for crypto-related companies like MicroStrategy; 5. El Salvador has purchased 25 BTC since receiving the IMF loan; 6. Author of "Rich Dad Poor Dad": It's never too late to start buying Bitcoin, no matter how high the price goes.
