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FameEX Morning Crypto News Recap | July 6, 2023

2023-07-06 12:05:10

Bitcoin Blockchain Processes Over 187,000 Pending Transactions in the Past Week
In the last week, the Bitcoin blockchain resolved 187,000 pending transactions, relieving congestion and lowering on-chain fees. Recent statistics demonstrate the successful confirmation of these transactions, benefiting the overall efficiency of the network.

Bitcoin Surges as a Strong NFT Player, Garnering $463 Million in Sales within 4 Months
Bitcoin's NFT sales on the blockchain have surged to $463.68 million within a span of four months, positioning it as a leading contender. Consistently securing the second-highest number of monthly NFT sales, Bitcoin's progress is noteworthy. However, while impressive, its overall NFT sales figures still lag behind seven other blockchain networks.

Bitcoin Outperforms Major Assets, Surging 80% in H1 2023, Rises to 12th Largest Global Asset
Bitcoin (BTC) outshined major assets in H1 2023, surpassing indices like Nasdaq and Nikkei 225, as well as commodities like gold and currencies such as the US Dollar and Japanese Yen. It climbed an impressive 14 positions among top assets by market capitalization, securing the 12th spot based on market valuation.

Web3 Industry Suffers $656 Million in Losses during H1 2023, Reveals Study
According to the Beosin Web3 report, hackers seized approximately $471 million in the first half of 2023. The largest incident involved a theft of $197 million from Euler Finance in March. Contract vulnerability attacks were the most frequent, resulting in losses of $264.1 million. The majority of rug-pulling incidents occurred on the BNB Chain, resulting in the loss of digital assets worth $53.4 million.

Danish Financial Regulator Orders Saxo Bank to Liquidate Crypto Asset Portfolio
Denmark's Saxo Bank has received an instruction from the Danish Financial Supervisory Authority to liquidate its cryptocurrency asset holdings. The regulator contends that the bank's crypto assets are not within the permitted business scope for financial institutions, thus violating the country's Financial Business Act.

Bolivia's President Urges South American Nations to Abandon US Dollar, Strengthen Ties with China and BRICS
Bolivian President Luis Alberto Arce Catacora has called on Mercosur trade bloc members and associated states to move away from the US dollar and forge stronger partnerships with international organizations like BRICS. Emphasizing the need for a multipolar world and non-interference, he highlighted the importance of this transitional phase.

Bitcoin Miners Collect $184M in Fees in Q2, Surpassing 2022's Total

Bitcoin miners experienced a significant surge in earnings, collecting a record-breaking $184 million in fees during Q2 2023. This marks a substantial increase of over 270% compared to Q1 2023 and represents the first time since Q2 2021 that quarterly earnings surpassed $100 million. The data was reported by Coin Metrics, a cryptocurrency analytics platform.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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