Your Favorite Crypto Digest From TradeCrypto.com

Market is green. BTC is now trading around $30 000, ETH is trading above $1 800.

💪 Bitcoin dominance: 47.12%

📉 Total Cryptocurrency Market Cap: $1,236 tr

😲 Fear and greed index: 13 (Extreme Fear)

🚀 Gainers(Top-100)

Helium (HNT) +6.25%

Chainlink (LJNK) +5.57%

Polygon (MATIC) +4.73%

😭 Losers(Top-100)

STEPN (GMT) -5.48%

Cardano (ADA) -4.25%

 Stacks (STX) -3.94%

Since CEO Mark Zuckerberg announced the company’s name change and shift in focus, its stock has dropped by 42%📉📉📉

Twitter users joked that whatever the cause of today’s price drop, the ticker change will be unlikely to remedy the myriad issues currently facing the company.

Terra's UST stablecoin could become the subject of a 🏛️U.S. Securities and Exchange Commission investigation🏛️.

An unnamed source told Bloomberg that the regulator's enforcement attorneys have been looking into whether the way Terraform Labs marketed UST, its algorithmic stablecoin, violated federal investor protection rules.

The hacker made away with 20 million OP tokens last week after an administrative error🧾

Ethereum layer-2 scaling solution Optimism revealed yesterday that a hacker made away with 20 million Optimism (OP) tokens after token launch partner Wintermute accidentally transferred the tokens to the wrong account. Now, the hacker has made their next move, sending one million of the stolen OP tokens to Ethereum co-founder Vitalik Buterin’s wallet.

The cloud business unit of Chinese marketplace giant Alibaba Group Holdings launched a new 🖼️NFT🖼️ solution and then promptly deleted all mention of it online.

According to a now-deleted Twitter post announcing the launch on June 8, the firm’s NFT marketplace solution included “web hosting, digital marketing & content delivery” infrastructure, but is no longer listed on its website despite.

Miners are facing an increasingly problematic climate for participating in the Bitcoin blockchain, and only higher BTC prices📈📈📈 can help.

Bitcoin (BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability.

The latest data shows both narrowing profit margins and miners waiting longer to recoup their initial investment.

Bloomberg Terminal has increased its coverage to 50 crypto assets to give its institutional investor client base better data about movements within the market.

Financial and technical information platform Bloomberg has vastly expanded its coverage of crypto markets after a decision to include data on the top 50 crypto assets to the Bloomberg Terminal 🤑🤑🤑

Number of DAOs increases 8X along with spike in votes and proposals

The total number of DAOs has increased dramatically over the past 12 months along with their participation rates.

The total number of decentralized autonomous organizations (DAO🏛️), the number of governance🏛️ proposals put forward, and the number of votes cast, have all seen astounding 8X growth over the past 12 months.

Conclusion: The crypto industry is growing despite the failures of the stock markets. Miners hang in there! 

Let us know how you would rate today's digest:😍 Loved it🤨 Could have been better🤮 Better luck next time