📊 Binance Market Update – June 24, 2024
🔹 Market Overview
The total market capitalization of cryptocurrencies reached approximately $2.42 trillion, an increase estimated at 3.4% over the past 24 hours.
Bitcoin (BTC) traded between $58,400 – $62,100, with the price at that time around $60,932, representing a daily decline of about 2%.
The BNB coin (Binance Coin) stabilized at around $570, with very slight change (~+0.04%).
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🔸 Highlights of Binance in June 2024
1. Delisting of several cryptocurrencies
Binance has delisted the following cryptocurrencies:
WAVES, NEM (XEM), OmiseGO (OMG), and Status (SNT).
Deposits for these cryptocurrencies were stopped on June 18, 2024, and withdrawals will be permanently disabled after September 17, 2024.
2. End of BNB Beacon Chain (BEP2) support
Binance announced the end of support for Beacon Chain (BEP2) and urged users to transfer their assets to the BNB Smart Chain (BEP20) before the end of June 2024.
3. "June Missions" campaign and rewards
Binance launched a mission campaign for users between May 31 and June 14, with total rewards of 2,000,000 Binance points.
4. Expansion of loan products
Binance added new assets for lending services, such as:
AGLD, HIGH, SSV, THETA, and others, through flexible loan products and VIP loans.
5. Market recovery in May 2024
Market capitalization rose by 8.6% during May.
The total value locked in DeFi projects increased by 21.7%.
While trading volumes in the NFT market decreased by 41%.
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✅ Summary
The market on June 24, 2024, saw a general recovery and an increase in market capitalization.
The BNB coin was relatively stable at around $570.
Key updates included: Delisting of some cryptocurrencies, end of BEP2 support, and the launch of new products and services.
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