Cryptocurrency market capitalization has returned to the $2 trillion mark. In the middle of the week, Bitcoin dropped to $47k, and it has now jumped to $57k again. Ethereum has been hitting records all week with a new high of $2794. By the way, over the past three months, DeFi has doubled the Total Value Locked to a new record of $63 billion. What else happened this week?
1. Eminem launched his own NFT tokens, each of which is a high-quality animation with an original beat created by the musician.
Also, the woman in the Disaster Girl meme sold the original photo as an NFT for $500,000. The image was taken of Zoë Roth, then aged four, by her father in front of a burning house in Mebane, North Carolina. Firefighters had intentionally set the blaze as a controlled fire. Roth, now aged 21 and a university student, sold the image through Ben Lashes.
And the latest news from art! Hacker Monsieur Personne created copies of the NFT Beeple token for $69 million. An issued NFT is not proof of ownership of the auctioned painting, but it is very similar to its original and was even created by the same wallet.
2. The U.S. state of Louisiana has issued a bill that endorses Bitcoin and praises Satoshi Nakamoto for his “contributions to economic security.”
3. Tesla sold part of their bitcoins and recorded a profit of $ 101 million.
According to the report for the first quarter, the company sold $272 million worth of BTC. Their balance after the sale is still at least $ 1.33 billion. “Bitcoin has shown itself to be a good solution for storing funds that are not immediately required for day-to-day transactions and can bring good profits. We continue to accumulate BTC for the purchase of our cars, the company said.
Elon Musk stressed that Tesla sold part of its BTC to test the market liquidity.
4. Vitalik Buterin highlighted the main advantages of Ethereum 2.0: “The main advantage of Ethereum 2.0 will be scalability, thanks to which users will not have to pay hundreds of dollars to interact with DeFi applications.” You can read more here.
5. Gaming giant Nexon invested $100 million in Bitcoin – the company bought 1,717 BTC at an average price of $ 58,226.
“We believe that in the current economic environment, Bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments,” the company said.
6. The US Department of Justice will propose “aggressive” surveillance measures for Bitcoin.
The department has formed a particular working group that will monitor cryptocurrency transactions, which will help reduce the number of cases of extortion in cryptocurrency.
Enhanced monitoring will be carried out not only with BTC but also other cryptocurrencies. As it turned out, crypto-ransomware earned approximately $350 million in 2020.
“That would be huge,” said a senior Homeland Security Official, who spoke on the condition of anonymity to discuss emerging policy proposals. “This is a world that was created exactly to be anonymous, but at some point, you have to give up something to make sure everyone’s safe.”
7. On July 1, Germany a new law will come into force allowing off-budget funds to invest in digital assets. The new law means that around 4,000 existing institutional investment funds will now be eligible to invest in crypto assets.
8. More than 10,000 British and 20,000 Scandinavian taxis will accept USDC stablecoin on the Ethereum blockchain as payment for their services.
Also, the Caribbean island of Bequia legalized payments in BTC.
9. The number of DeFi users has reached 2,000,000.