Stablecoin Capitalization Exceeds $250 Billion
The total market value of stablecoins has exceeded $250 billion for the first time, of which $245.5 billion are US dollar-backed assets. Tether's USDT remains the leader with a capitalization of over $153 billion, followed by Circle's USDC at $60.9 billion. Analysts attribute the sector's growth to an improved regulatory environment and the active development of DeFi.
Ethereum Has Grown 46% in the Past 30 Days
Ethereum has gained 46% in the last 30 days. Experts predict a possible price breakout, citing stable interest in spot ETFs and improving market dynamics. At the time of publication, ETH is trading around $2,630. In recent days, institutional investors have increasingly bet on ETH rather than BTC.
TON Network Resumes Operations After Short-Term Outage
On June 1, The Open Network (TON) blockchain experienced a short-term outage, which temporarily stopped the production of blocks. The network resumed operation approximately 40 minutes after the problem was discovered.
According to the project representatives, the incident was caused by an error in the masterchain dispatch queue. The team promptly released a patch, preserving the security of user funds - transactions sent during the downtime were not at risk.
Earlier in August 2024, TON developers had already fixed two network failures in one day.
BNB Becomes Leader in DEX Trading Volume
On May 26, BNB Chain’s decentralized exchange (DEX) trading volume reached $13.31 billion, nearly eight times that of Ethereum ($1.675 billion) and 5.7 times that of Solana ($2.32 billion). BNB Chain surpassed the combined trading volume of the top ten blockchains.
The surge in activity is likely due to the launch of Binance Alpha, a gamified platform for participating in token launch events (TGEs) and receiving airdrops. Users earn Alpha Points for storing assets on the centralized exchange and/or in the Binance Wallet, as well as for trading through Binance Alpha.
Trump and Musk's Spat Causes BTC to Fall
The spat between Donald Trump and Elon Musk has increased pressure on BTC, causing its value to decline by almost 3%. On May 5, Musk publicly criticized Trump's tariff policy, which led to the conflict. Against this background, the BTC rate fell from $105,915 to $100,500, after which it partially recovered. According to CoinGecko, at the time of publication, BTC is trading around $105,400.
A Solo Miner Has Mined a $330,000 Bitcoin Block
On June 5, a solo miner successfully mined block #899,826 on the Bitcoin network, receiving a reward of 3.151 BTC (approximately $330,386). He used the CKpool service for mining. The block included 3,680 transactions. The average commission per transaction was about $0.29, and the median commission was about 2 sat/vB.
