Weekly Crypto Digest for June 3-9, 2024
Sunday, June 09, 2024
In the latest issue of Weekly Crypto Digest, read more about 450K tokens in May in Solana, Thailand's SEC approved BTC ETF, Donald Trump wants to be a "crypto president", and more news.
In May, 450,000 tokens were created on the Solana network
According to The Block Pro, in May 2024, developers launched 450,000 tokens on the Solana network, almost double the number in April. Experts noted that such an indicator had not previously been observed in blockchains.
The analysts also added that in a month, 177,000 tokens were created in the Base network, 39,000 in the BNB Chain, and less than 20,000 assets were launched in the Ethereum and L2 networks Arbitrum and Optimism.
The Block explained that the majority of assets on the network are memcoins. Experts noted that the Pump.fun platform played a significant role in their launch, where you can create a token in just a few clicks.
Binance will introduce restrictions on some stablecoins for clients in Europe
Crypto exchange Binance has announced that it will restrict access to "unauthorized stablecoins" for European Economic Area (EEA) customers starting June 30, 2024. This is due to the provisions of the MiCA regulations regarding this category of assets.
The Share of Crypto Investors in the World Increased to 6.8%
According to a report by Triple-A experts, the number of crypto investors worldwide will increase from 420 million to 562 million people in 2024, or 6.8% of the world's population.
The increase was 34% compared to 2023. Among age groups, the majority of investors are in the category from 24 to 35 years old, which accounts for 34% of the total.
Among the countries, the leaders are the UAE (25.3%), Singapore (24.4%) and Turkey (19.3%). Ukraine accounts for a share of 10.2%:
Experts noted Asia's high potential as a cryptocurrency hub. Ten countries from this region have the highest number of investors.
Experts noted several reasons for this trend. In particular, according to the report, adoption rates have increased due to changes in the regulatory landscape. Thanks to them, the cryptocurrency sector has transformed from a niche market to a global one.
Crypto exchange Mt. Gox moved $9.6 billion worth of Bitcoin for the first time in five years
According to a report by Triple-A experts, the number of crypto investors worldwide will increase from 420 million to 562 million people in 2024, or 6.8% of the world's population.
The increase was 34% compared to 2023. Among age groups, the majority of investors are in the category from 24 to 35 years old, which accounts for 34% of the total.
Among the countries, the leaders are the UAE (25.3%), Singapore (24.4%) and Turkey (19.3%). Ukraine accounts for a share of 10.2%:
Experts noted Asia's high potential as a cryptocurrency hub. Ten countries from this region have the highest number of investors.
Experts noted several reasons for this trend. In particular, according to the report, adoption rates have increased due to changes in the regulatory landscape. Thanks to them, the cryptocurrency sector has transformed from a niche market to a global one.
SEC of Thailand encourages the launch of a spot Bitcoin ETF
On June 4, 2024, the Securities and Exchange Commission of Thailand (SEC) officially approved the launch of the first Bitcoin-based ETF. According to local media reports, One Asset Management (ONEAM) has received permission to trade this asset class.
The source reports that the exchange-traded product ONE Bitcoin ETF (ONE-BTCETFOF-UI) is intended for institutional investors. It has a policy of investing in 11 of the world's leading funds to ensure liquidity and security and hold assets per international standards.
The statement also said that the ONE Bitcoin ETF has successfully passed regulatory review in the United States and Hong Kong.
Visa and Mastercard resume cooperation with Binance
Visa and Mastercard have resumed cooperation with the Binance crypto exchange. Customers can already use cards from these service providers to purchase digital assets.
The publication also indicates that Binance services and products are now again available under the Single Euro Payments Area (SEPA) system. Remember that the platform lost its gateway in euros after its banking partner, Paysafe Payment Solutions, left the agreement.
In a comment to CoinDesk, an exchange representative noted that users can top up their accounts and buy crypto assets using Visa and Mastercard cards.
The U.S. Navy introduced PARANOID blockchain technology
The United States Navy has introduced PARANOID blockchain technology to protect software from cyber attacks.
The Department of Defense's national technology transfer partner, TechLink, said in a release that the PARANOID solution was developed by the Naval Air Warfare Center Aircraft Division (NAWCAD) for the U.S. Navy.
At first, it was intended only to support "secure software development for the Naval Aviation Enterprise'sEnterprise's aircraft programs."
However, later, the U.S. Navy realized that this blockchain technology could be used by any organization or company that needs to ensure the security of its developments. The statement said the new solution is now available to private companies for commercialization through TechLink.
Donald Trump has announced his intention to become a "crypto president"
U.S. presidential candidate Donald Trump spoke at a fundraising event for his election campaign. The politician said he intends to become a " crypto president" and once again expressed support for the digital assets sector.
Venture capitalists David Sachs and Chamath Palihapitiya reportedly organized the event to raise money for the Trump campaign. Representatives of the cryptocurrency exchange Coinbase, investors Cameron and Tyler Winklevoss, and other industry representatives attended the meeting in San Francisco.
During his speech, Donald Trump criticized the Democratic Party for its policies regarding digital assets. He also stated the importance of this area for the United States and his desire to support market players. However, the politician did not name specific plans.
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