Bitcoin’s price has recently dropped below $64,000, triggering a market-wide decline. This downturn has also affected other major cryptocurrencies like XRP, which has lost some of its recent gains (CryptoNews).
Regulatory Developments:
South Korean Crypto Exchanges: Top exchanges in South Korea are set to pay a supervisory fee of 300 million won as part of new regulatory measures (CryptoNews).
Wisconsin’s Public Tracker: The state of Wisconsin has introduced a public tracker aimed at combating cryptocurrency investment scams (CryptoNews).
India’s Web3 Cybersecurity Efforts: Following a significant hack, India’s Web3 Association is bolstering its cybersecurity efforts (CryptoNews).
DeFi Activity: The decentralized finance (DeFi) sector is seeing a resurgence, with active loans surging to $13.3 billion, levels last seen in early 2022 (CryptoNews).
Crypto ETFs and Investments: The first half of 2024 saw the listing of 37 new crypto ETFs and ETPs, reflecting growing institutional interest in cryptocurrency investments (CryptoNews).
New Initiatives and Projects:
Manchester United’s Web3 Fantasy Football Game: The Premier League club has launched “Fantasy United,” a fantasy football game built on the Tezos blockchain (CryptoNews).
Avalanche Blockchain in California: The state of California is using the Avalanche blockchain to streamline vehicle title transfers (CryptoNews).