๐ MARKET OVERVIEW
The crypto market is currently experiencing significant volatility, with a sharp drop following concerns over global trade policies and renewed Fed rate hike discussions.
Bitcoin: $113,937 (-2.11%)
Ethereum: $3,540 (-5.03%)
LOKA has seen a massive price spike amid its migration to Arena-Z (A2Z), with some reports showing a 500% surge in the past few weeks. This move has been complex, with the new token (A2Z) seeing a post-launch drop while the older LOKA token surged.
Market Cap: $3.69T
24h Liquidations: ~$758M
Fear & Greed Index: 65 (Greed)
Altcoin Index: 45/100
๐ LATEST NEWS
* Visa Expands: Visa has expanded its stablecoin settlement platform, adding support for the Avalanche and Stellar blockchains. It has also integrated three new stablecoins: USDG, PYUSD, and EURC.
* SEC's 'Project Crypto': SEC Chair Paul Atkins has officially launched "Project Crypto," an initiative to update rules and regulations for the crypto space. The goal is to create clearer guidelines for digital assets, aiming to make the U.S. a global leader in the crypto industry.
* Strategy's Earnings: Strategy reported a record $10 billion net income in Q2, with its Bitcoin holdings growing to 628,791 BTC. The company achieved a 25% BTC Yield year-to-date, far ahead of its schedule.
#CryptoNews #MarketUpdate #bitcoin #EthereumNews #loka #Visa #SEC #Strategy
