🇺🇸 A debate between Biden and Trump was held in the US. Despite the expectations of cryptans, digital assets were not mentioned by either candidate during the debate.
Against this backdrop, the value of the PolitiFi segment's named memcoins plummeted. BODEN sagged by 36%, Doland Tremp by 20%, and MAGA by 10%.
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📊 Nvidia, $NVDA, is making some INSANE moves:
From June 20th through June 24th, Nvidia lost $600 BILLION of market cap in 3 trading days.
Today, the stock has added $250 BILLION in market cap from its pre-market low.
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❄️ In two months, the amount of USDt-TON in circulation has reached 500m, marking the most successful launch in Tether’s history.
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JUST IN: 🇯🇵 Japanese public company Metaplanet to issue ¥1 billion in bonds to acquire more 🥇 Bitcoin
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How the U.S. election affects the $BTC chart
High-profile events often bring adjustments to the market, the chart shows that before the election there is usually a slight upward trend, and also after the election the trend is upward.
And this happens because the old administration fluffs the markets to show their power and prosperity under them.
The new administration also needs to prove themselves and show the people that they made the right choice.
The geopolitical uncertainty immediately after the election has a lot of impact and investors have to look for protective assets.
As a reminder, new elections in the USA will be held on November 5, 2024.
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Total Supply in Crypto
When diving into the world of cryptocurrency, understanding the concept of total supply is crucial for investors, traders, and enthusiasts. Total supply refers to the entire amount of a cryptocurrency that will ever exist, minus those that have been permanently removed or "burned." This metric provides a comprehensive view of the cryptocurrency's overall landscape.
Take Bitcoin as an example. Its total supply is capped at 21 million, meaning there will never be more than 21 million Bitcoins in existence. However, the circulating supply, a subset of the total supply, represents the amount of Bitcoin currently available for trading and transactions. If some Bitcoins are burned or removed from circulation, the circulating supply decreases, but the total supply remains unchanged.
Understanding total supply is vital for making informed investment decisions, predicting market trends, and assessing a cryptocurrency's potential for growth. By keeping an eye on total supply, you’ll be better equipped to navigate the dynamic world of cryptocurrency and make smarter choices.
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🐥USDT has surpassed Visa in terms of transaction volume
In the last 24 hours, USDT's average daily transaction volume on the TRON blockchain was $53 billion, compared to Visa's $42 billion.
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💰 Bitcoin ETF Lists on Main Australian Stock Market for First Time
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🇹🇼 Tether has entered into a partnership with National Taipei University of Technology.
The goal of the partnership is to improve educational programs in the field of blockchain and digital assets in Taiwan.
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🤯At $3.4T Nvidia became the world’s most valuable company after its share price climbed to an all-time high on Tuesday.
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THERE ARE A MILLION WAYS TO INVEST YOUR MONEY BUT JUST ONEWAY TO SAVE YOUR MONEY. #BITCOIN
💡💡💡: 🇧🇴Bolivia lifts ban on Bitcoin and crypto payments, officially making it legal for financial entities.
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Memcoins are the most profitable sector so far in 2024: with the highest average return of 2405.1%.
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🇧🇷 Brazilian soccer legend Ronaldinho says "Time for crypto to go mainstream, who’s with me?" 👀
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FUN FACT: In 2014, #Dell accepted payment of 85 #Bitcoin worth $50,000 for a server order.
Today, that 85 🥇 BTC is worth $5.4 million.
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⚡️ Stablecoins will become legal e-money by the end of 2025, according to the CEO of Circle, a USDC issuer.
Stablecoins are becoming a legally defined and understood form of digital money in virtually all major jurisdictions around the world, he said.
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✉️Telegram is a machine for cryptocurrency adoption
Crypto publication CoinDesk writes that Telegram and several independent developers have made great progress in attracting people to crypto, and the platform itself and TON have become a panacea for the crypto industry.
Analysts from CryptoQuant claim that Toncoin is currently one of the most popular blockchains, and the number of TON holders has increased 10 times this year.
Today it also became known that Binance added USDT support to the TON network.
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📊 Bitcoin mining distribution by country
Leaders - USA, China, Kazakhstan
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📊 TON has surpassed DOGE in terms of capitalization, becoming the 8th cryptocurrency in the world by that measure
Bet 🐳 Pasha Durov
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🎁 In 2024, projects gave away $4 billion in eirdrops - the largest giveaways were held by Jupiter, Starknet and Notcoin, each of which gave away about a billion dollars.
Venture capital firm Pantera Capital believes that eirdrops have become a crucial tool for crypto projects to attract new users.
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📰The Wall Street Journal ran an article, "Cryptocurrency could avert U.S. debt crisis."
The main idea is that dollar-backed stablecoins are becoming an important net buyer of US government debt.
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Adam Beck reminds us all that bitcoin has no:
- funders,
- managing organizations,
- pre-mine,
- insiders,
- early investors,
- offices,
- a website,
- a highly paid board of directors,
- marketers,
- a starting price.
It's not controlled by any human being, and it's the most honest money on earth.
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⚒ The average cost of mining 1 BTC increased to $74,600 - after halving the figure at one point reached $94,320, which led to the shutdown of some equipment to a short-term decrease in hash rate.
It can be assumed that at the moment, it is mainly large companies that have a significant financial cushion or access to a "cheap outlet" that remain profitable.
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