Since the start of this year, the crypto economy has grown by 41.77% and currently has a market capitalization of $1.17 trillion. However, during this period of growth, the stablecoin economy suffered a significant loss of $7.3 billion in just 140 days.
In May, the crypto markets began on a tepid note amid reports of potential US debt ceiling issues that circulated throughout global capital markets. Despite the subdued market mood, certain altcoins have garnered bullish positions from crypto whales.
The year 2022 proved to be a difficult one for the cryptocurrency and altcoin market, marked by the downfall of Terra and FTX, which had a significant impact on the industry. As a result, most digital assets suffered significant losses and are currently trading at a discounted value.
Cryptory.net - Hacker groups affiliated with the North Korean government have targeted crypto projects of neighboring countries in order to obtain foreign currency and use it for a missile program.
Will the surge in Metaverse tokens be sustained this time around, or will it fizzle out like earlier this year when it was fueled by rumors of Apple's upcoming virtual reality headset?
The Optimism network is about to undergo its biggest upgrade since its creation. This upgrade will enhance its compatibility with Ethereum by enabling multi-chain interoperability and introducing other modifications.
