Crypto Outlook

-BTC: $30,748.27

-ETH: $1,895.60

-XRP: $0.4939

-LTC: $92.49

The global crypto market cap is $1.19T, a 1.93% increase over the last day.

The total crypto market volume over the last 24 hours is $47.96B, which makes a 21.36% increase.

BTC: BTC price increased by 2.42% and 16.67% over 24 hours and the past seven days. The asset reached a low and high of $29,927.28 and $31,389.54, respectively.

The United States Securities and Exchange Commission (SEC) has approved the inaugural leveraged Bitcoin futures exchange-traded fund (ETF). The 2x Bitcoin Strategy ETF (BITX) by Volatility Shares is the first leveraged cryptocurrency ETF to receive approval in the country.

On June 23, the SEC officially sanctioned Volatility Shares’ 2x Bitcoin Strategy ETF (BITX), and it is scheduled to commence trading on the Chicago Board Options (CBOE) BZX exchange starting from June 27.

An ETF, or exchange-traded fund, is a collection of securities that enables investors to acquire shares in the fund and gain exposure to the included securities without direct ownership. In the case of a 2x leverage ETF, investors can gain exposure to Bitcoin by investing only half of its value.

ETH: ETH price increased by 0.61% and 9.92% over 24 hours and the past seven days. The asset reached a low and high of $1,865.19 and $1,932.53, respectively.

Gemini, the cryptocurrency exchange founded and managed by the Winklevoss twins, Cameron and Tyler, has introduced Ethereum staking in the United Kingdom.

On June 23, Gemini officially announced the launch of Gemini Staking Pro in the UK. This service allows institutions and high-net-worth individuals to become Ethereum validators by staking a minimum of 32 Ether (ETH), which is currently valued at approximately $60,000.

Gemini Trust Company, a subsidiary of Gemini, is facilitating institutional Ethereum staking through the exchange’s web interface. This service provides accessibility to Ethereum staking for interested parties utilizing Gemini’s platform.

XRP: XRP price decreased by 0.46% and increased by 4.34% over 24 hours and the past seven days. The asset reached a low and high of $0.4861 and $0.5019, respectively.

As reported a few days ago by U.Today, citing Xrplorer and XRP Forensics, millions of XRP tokens allegedly stolen by North Korean hackers in the Atomic Wallet hack are currently shuttling between centralized and decentralized crypto platforms.

In a recent development, significant details have emerged regarding the ongoing displacement of millions of stolen tokens. A thorough analysis reveals a carefully orchestrated plan executed by the unknown culprits to avoid detection and launder the illicit funds. Crypto scouts, actively monitoring their movements, have provided exclusive insights into this unfolding saga.

According to a report, the stolen tokens have undergone a complex process of amalgamation and laundering. The perpetrators employed a series of strategic steps involving various blockchain platforms and rapid conversions.

LTC: LTC price increased by 6.86% and 21% over 24 hours and the past seven days. The asset reached a low and high of $85.44 and $93.16, respectively.

Litecoin (LTC) has recently experienced a bullish phase, surging by 30.66% from its recent lowest price of 71.88. Amidst the bustling digital currency landscape, Litecoin is gearing up for its highly anticipated third halving event, which is just 39 days away. The scheduled upgrade is slated to take place on August 2, 2023, reducing mining rewards from 12.5 to 6.25 LTC. This halving occurs following a recurring four-year cycle or upon minting 840,000 blocks. Undoubtedly, this development is expected to impact the cryptocurrency market significantly.

The halving event is an inherent feature of the Litecoin blockchain protocol, designed to manage inflation. It is worth noting that Litecoin has witnessed two previous halvings in its timeline, occurring in 2015 and 2019, respectively. The inaugural halving event transpired at a block height of 840,000, while the second one occurred at a block height of 1,680,000 in 2019.

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