Market Overview
- Total Cryptocurrency Market Cap: $1.29 trillion
- BTC Dominance: 43.56%
- Fear & Greed Index: 11 (Extreme Fear)
Top Industry Updates
Policy & Regulation Highlights
- Russia legally recognizes cryptocurrencies as a payment method.
- U.S. Senators hint at comprehensive crypto legislation rollout next week.
- European Central Bank pushes for swift adoption of MiCA crypto regulations.
- South Korea intensifies scrutiny on Terra-linked financial services.
👉 Explore global crypto regulations
Token & Blockchain News
- Ethereum: 2.35M ETH burned since EIP-1559, reducing annual inflation by 61%.
- Terra 2.0: Fork proposal #1623 approved; Hex Trust announces support.
- StarkWare upgrades StarkEx to v4.5 for enhanced scalability.
Institutional Moves
- Bridgewater's Ray Dalio: Bitcoin now part of investment portfolio.
- Mastercard Executive: Advocates accelerated crypto adoption.
Web3 & Metaverse Developments
- Adidas Originals collaborates with TMELAND for a metaverse music festival.
- STEPN reports 300K monthly active users, generating $1M daily profits.
NFT Sector
- OpenSea launches Seaport protocol for Web3 marketplaces.
- Magic Johnson debuts NBA Top Shot NFT collection.
Investment Spotlight
- Standard Crypto raises $500M for new fund.
- Flowcarbon secures $70M (a16z-led) for blockchain carbon trading.
👉 Latest crypto investment trends
FAQ
Q: What's the significance of Terra 2.0?
A: The fork aims to revive the ecosystem post-collapse, with new tokenomics and community-backed governance.
Q: How does Ethereum's burning mechanism work?
A: Transaction fees are permanently destroyed (not paid to miners), creating deflationary pressure.
Q: Which industries are adopting NFTs fastest?
A: Entertainment (music, sports) and digital art currently lead, with Web3 gaming gaining traction.
Q: Is now a good time to invest in crypto?
A: Extreme fear indices often precede market rebounds, but always conduct independent research.