📊 Binance Research analysts released a report during the BinanceTurns8 celebration, outlining key crypto market trends over the past month. According to them, stablecoin trading volume reached $253.7 billion in June after the US Senate passed the Genius Act, which regulates the issuance and circulation of dollar-pegged assets, bringing them into the legal field.
💰 Circle's USDC led the way in June, accounting for 79% of net stablecoin issuance.
📈 Stablecoin regulation has served as a catalyst for growth in other areas. The total crypto market capitalization increased by 2.62% in June, despite volatility caused by the conflict between Israel and Iran. Bitcoin outperformed altcoins, and its market share rose to 65%, the highest since early 2021.
🎌 According to Binance Research, Japanese company Metaplanet has overtaken American Strategy to become the most profitable Bitcoin reserve holder.
🎇🎆🎇🎉
Taking this opportunity, we congratulate Binance on BinanceTurns8!🎇
