CoinTelegraph reports:
00:00-07:30
Keywords: Open Dollar: Stablecoin accounts for 90% of cryptocurrency transactions, 70 times more than similar stablecoins in the European Union, Taiko mainnet goes live for a month with TVL reaching nearly $140 million and close to 700,000 independent wallets, an address buys 4 million DOG on Magic Eden, over 400,000 addresses participate in BLAST airdrop, Coinbase software engineer: Democratic Party must change its attitude towards cryptocurrencies to gain enough votes, Nigerian analyst: Unified regulations will provide much-needed clarity for potential cryptocurrency investors.
1. According to a statement by the dYdX Foundation, the dYdX community has voted in favor of adding TLOS to the dYdX Chain.
2. Cyvers Alerts detected phishing transactions involving the address associated with pengfei. Pengfei approved a malicious contract created by the phisher 44 minutes ago, resulting in a loss of $609,000 worth of cryptocurrencies. Please revoke all approvals for this contract.
3. Taiko Labs released statistics showing that since the launch of its mainnet a month ago, Taiko has reached a total locked value (TVL) of $138.7 million. The average daily transaction speed is 19.53 transactions per second, with a peak of 45.3 transactions per second. The total number of transactions exceeds 21.57 million, and there are close to 700,000 independent wallets. In addition, Taiko has integrated over 80 projects, including LayerZero, Stargate, and Oku Trade, in gaming and DeFi applications. The Trailblazers loyalty program launched by Taiko has attracted nearly 600,000 participants, resulting in over 220,000 badges being minted.
4. Open Dollar stated on social media that by 2024, USD-backed stablecoins will account for 90% of cryptocurrency transactions, averaging $270 billion per week, which is 70 times more than similar stablecoins in the European Union. Euro-backed stablecoins currently represent only 1.1% of total trading volume, despite reaching historical highs.
5. According to a repost by Leonidas, the developer of Ordinals and founder of Runestone, user X posted that someone just bought 4 million DOG on Magic Eden.
6. Dune data shows that 13,285,307,817.71 BLAST tokens have been claimed in the airdrop, accounting for 94.9% of the total airdrop supply of 17 billion tokens. A total of 449,647 addresses participated in the claim process.
7. According to an official announcement, Upbit has completed server maintenance and will resume trading for the Korean Won, BTC, and USDT markets. The trading will gradually resume starting from 05:15 on July 1, 2024 (Beijing time). If any instability is observed during the process, the resumption may be extended.
8. Employees of the Paraguayan National Electricity Administration (ANDE) have been accused of directly participating in the establishment of illegal Bitcoin mining facilities in Paraguay. Seven engineers employed by ANDE were involved in organizing illegal connections to provide electricity for Bitcoin operations in Paraguay. Felix Sosa, the director of ANDE, clarified that the organization’s internal audit department is conducting an investigation into the matter. All relevant information will be submitted to the national prosecutor’s office for further investigation. However, Sosa stated that ANDE employees have not been responsible for executing electrical connections for some time and have outsourced this function to third-party contractors. Since December, ANDE has been fighting against illegal Bitcoin mining connections and has cut off over 70 farms that were directly extracting unmeasured electricity from the power grid.
9. Yuga.eth, a senior software engineer at Coinbase, stated on social media that as the Democratic Party descends into chaos, we are approaching a crucial moment for cryptocurrency’s political influence in the United States. Democrats have been misled by figures like Elizabeth Warren and launched an unpopular and ineffective war against cryptocurrencies, causing them to lose thousands of votes in crucial swing states. If the Democratic Party truly wants to secure enough votes and avoid a disastrous defeat in November, they must swiftly and completely change their stance on cryptocurrencies. They should immediately cease their enforcement regulatory strategies, improve and pass FIT 21 in a bipartisan manner, and repeal SAB 121. Instead, PACs supporting cryptocurrencies should seize this opportunity to pressure Democratic political leaders and policymakers into promoting financial innovation in the United States.
10. The cryptocurrency community in Nigeria appreciates the newly introduced Markets in Crypto-Assets Regulation (MiCA) in Europe, particularly its provisions regarding stablecoins. They believe these regulations are beneficial and emphasize the importance of aligning cryptocurrency projects with local interests to protect national currencies. In a recent conversation, Nigerian data and policy analyst Obinna Uzoije discussed the potential lessons the Economic Community of West African States (ECOWAS) can learn from MiCA. Uzoije stated that stablecoins are currently the most widely used form of cryptocurrency, especially in Africa, where their transaction volume exceeds that of any other digital asset. Unified regulations would provide much-needed clarity for potential cryptocurrency investors, simplifying the investment process across different countries by eliminating the need to comply with various national regulations. This clarity can reduce regulatory uncertainty and make the ECOWAS region more attractive to investors, as regulatory uncertainty is a major global barrier to cryptocurrency investments.
