07 june Crypto News- What Happened Crypto Markets Today

07 june Crypto News- Today’s Developments In The Crypto Markets

Crypto News– The global cryptocurrency market capitalization has seen minimal change in the past 24 hours, increasing by just 0.2% to $2.78 trillion.

Most tokens are in the red today. Bitget Token (BGB) leads the losses with a 5% drop to $1.22, followed by Kaspa (KAS) down 4.2% to $0.1722.

On the positive side, Brett (BRETT) is the top performer, surging 16.9% to $0.1618, followed by ORDI, up 12.4% to $63.2.

Three other coins – Wormhole, Injective, and JasmyCoin – have seen gains between 11.1% and 11.9%.

As for the top 10 coins by market cap, there’s a mixed performance today.

In the top coin category, four coins saw gains, three experienced losses, and one remained unchanged over the past day.

Dogecoin (DOGE) remained steady at $0.16178.

Ethereum (ETH) and Lido Staked Ether (STETH) both dropped 0.8% to $3,817, while Solana (SOL) decreased by 0.1% to $172.

Toncoin (TON) performed the best, rising 5.5% to $7.7.

BNB saw a 1% increase, while Bitcoin (BTC) and XRP saw gains of less than 0.5% each. BTC is currently trading at $71,261.

The recent rise in Bitcoin’s price is attributed to a significant influx of $886.75 million into US spot Bitcoin exchange-traded funds (ETFs) over the past two days, fueled by anticipation of a potential rate cut by the US Federal Reserve and a weakening US dollar, boosting investor confidence.

Blockchain.com and Unstoppable Team Up for ‘Web2-Web3 Crossover’ TLD Collaboration

Web3 domain names and digital identity provider Unstoppable Domains, alongside global crypto company Blockchain.com, have unveiled plans to establish one of the first DNS-enabled Web3 domains.

Their strategy involves submitting an application to the Internet Corporation for Assigned Names and Numbers (ICANN).

As per a press release shared with Cryptonews, the partnership centers on the ‘.blockchain’ Web3 domain, slated for submission during ICANN’s anticipated six-year registration program next year.

Should the application succeed, the ‘ .blockchain’ domain will potentially join the league of renowned ICANN-registered generic top-level domains such as .com, .net, .org, .biz, and .info.

Described as possessing an all-encompassing, industry-specific nature, the domain is positioned to catalyze widespread adoption of blockchain-based businesses within the Web2 ecosystem, according to the partners.

Illuvium Sets Release Date for Highly Anticipated Triple-A Blockchain Game

Web3 gaming company Illuvium has officially announced the release date for its highly anticipated interoperable game universe: July 25th.

The world will get its first look at the game through a trailer premiering today at 6 pm UTC.

After three and a half years of anticipation, the trailer promises to offer a glimpse into the game’s storyline. It will unveil aspects of the narrative that the studio has deliberately kept under wraps.

So far, the studio has disclosed that players will inhabit a space-faring colony that crash-lands on a mysterious planet inhabited by unique creatures known as Illuvials.

The announcement suggests that this narrative unveiling will further immerse and excite players in anticipation of the upcoming release.

Numerous public mining firms have issued production updates for the initial month following Bitcoin’s halving.

Per the recent Miner Weekly report from BlocksBridge Consulting, the majority of these companies witnessed a production decrease of approximately 45%.

However, Marathon and Riot reported declines of less than 30%.

The table below outlines the month-over-month production decline.