Top 10 Daily Gainers
Over the last 24 hours, the market has witnessed strong growth, with CEL, the utility token of the Celsius ecosystem having the highest increase.
This asset has gained 142.23%, with a trading volume of 55.6 million USD. Following behind are JOY (up 93.85%), BERRY (up 60%), CAW1000 (up 42.15%),…
Binance to cease support for MimbleWimble-based Litecoin transactions
Binance will not support the deposits and withdrawals of Litecoin (LTC) that utilize the MimbleWimble Extension Blocks (MWEB) function, which provides users with an option of sending confidential LTC transactions without revealing any transaction information.
Any LTC deposits made to Binance through the MWEB function will not be received or returned as we are unable to verify the sender’s address, resulting in the direct loss of funds.
Cardano releases EVM sidechain on testnet
Despite the market’s dire straits, Cardano has recorded some impressive interoperability milestones in recent months. Latest, there are more than 900 projects under construction on Cardano.
Recently, Carnado launched the sidechain of the Ethereum Virtual Machine (EVM) on the testnet.
85% of merchants say crypto payments will be a norm by 2026
73% of merchants plan on internally integrating crypto payment within the next three years, a recently published survey has shown.
Additionally, over 50% of large retailers (those with revenues of more than $500 million) are now spending at least $1 million to build crypto payment infrastructures.
Ethereum whales and investors buying the dip
According to data by IntoTheBlock, despite ETH’s transaction volume being on a downtrend in the past two or so months, retail accumulation has been on the rise with addresses holding between 0.01-0.1 ETH increasing their balance by 3.35% over the past 30 days.
Retail holding 1-10ETH and 10-100 ETH have been on the same accumulation trajectory, steadily increasing their holding in the last 6 months, Santiment reported last week.
Tron’s stablecoin peg to dollar wobbles
The Tron network’s stablecoin, USDD, lost its peg to the U.S. dollar on Monday, dipping to as low as 91 cents.
According to the official TronDAO website, USDD’s collateral stands at $2 billion, while USDD’s supply in circulation is $723 million, suggesting that it holds enough capital to prop up the stablecoin by using reserves to buy USDD.
Bitcoin drops as $100 billion wiped off crypto market
Macro factors are contributing to the bearishness in the crypto markets, with rampant inflation continuing and the U.S. Federal Reserve expected to hike interest rates to control rising prices.
On June 14, Bitcoin plummeted to $21,000, the lowest level since December 2020. The total market capitalization of Bitcoin is now only $421 billion.
Whale accumulated more than 2,000 BTC
According to Whale Alert, in the last 24 hours, 2,289 BTC was transferred from Coinbase to an unknown wallet. This amount of Bitcoin is worth $56,249,415.
CEL rises 46.25% after 24h
Following a sharp drop to a low of 2,619 VNDC yesterday, CEL, the official utility token of the Celsius ecosystem, unexpectedly rebounded.
CEL has gained 45.48% in the last 24 hours to a price of 6,759 VNDC, with a trading volume of 15.06 million USD. With this accomplishment, CEL is now leading the Top Gainers on ONUS.
US stablecoin law could actually pass this year
The U.S. could have a new federal law on stablecoins by the end of this year, lawmakers told attendees at Consensus 2022 Friday.
New U.S. crypto laws could potentially require stablecoin issuers to have proper reserves and disclose their holdings, reducing the likelihood of the kind of market panic that so dramatically led to terraUSD’s collapse last month.