Market Update
As of 8:00 AM on June 29th, 97 of the top 100 cryptocurrencies by market cap tracked by Mars Finance APP showed gains, with an average increase of 5.81%.
Performance Highlights:
Top Gainers (24hr):
- Energi (+35.37%)
- Egretia (+31.36%)
- Chainlink (+29.41%)
- HyperCash (+27.20%)
- Elastos (+25.95%)
Top Decliners (24hr):
- Insight Chain (-84.60%)
- Lambda (-7.35%)
Key Metrics:
- Total crypto market cap: $348 billion
- Total 24hr trading volume: $102.2 billion
- Bitcoin dominance: 63.3%
Industry Developments
Goldman Sachs CEO Confirms Cryptocurrency Development Efforts
Goldman Sachs CEO David Solomon stated in an interview with Les Echos that the bank is intensively researching cryptocurrencies, believing blockchain will underpin future payment systems. Solomon emphasized Goldman’s commitment to "keeping pace" with crypto trends but noted it’s too early to predict which digital assets or platforms will prevail.
G20 Highlights Focus on Financial Innovation
A Chinese spokesperson at the G20 summit confirmed the group’s attention to emerging financial technologies, including digital currencies and crypto assets, praising China’s advancements in this domain.
Swiss Bank Dukascopy to Launch Stablecoin Dukascash
Dukascopy Bank announced plans for Dukascash, a stablecoin backed by EUR, USD, and CHF. The bank will conduct a public beta test for industry professionals, with transactions starting at 1,000 tokens.
U.S. Government Considers Ban on End-to-End Encryption
The Trump administration is reportedly evaluating a prohibition on end-to-end encryption, citing concerns over its use in obstructing investigations into terrorism and illegal activities.
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Billionaire Henry Kravis Enters Crypto Investments
KKR co-founder Henry Kravis has invested in ParaFi Capital’s blockchain-focused fund, marking his entry into the cryptocurrency sector.
FAQ
Q: Why did Bitcoin rebound above $12,000?
A: Market recovery was driven by institutional interest (e.g., Goldman Sachs) and positive regulatory discussions at the G20.
Q: What is Dukascash?
A: A Euro-, dollar-, and Swiss franc-backed stablecoin by Dukascopy Bank, aimed at facilitating transparent crypto transactions.
Q: How might a U.S. encryption ban affect crypto?
A: Potential restrictions could impact privacy-focused coins but may accelerate regulatory-compliant solutions.