Market Worth as of June 28, 2021:

Bitcoin closed June 27, 2021, at $34,607 per BTC. We’re down 3.4% within the final 7 days and down 3% within the final 30 days. That is additionally 46% beneath the all-time excessive of $64,804, which was hit on March 13, 2021.

Bitcoin’s market capitalization stands right this moment at $647,063,622,526 which is 45% of the complete cryptocurrency market. All the crypto market, by the way in which, now has a market cap of $1,418,196,817,797 (+3.7%).

On the desk above, there’s the cryptocurrency SLP. In the event you surprise what that’s, try this text: Playing Axie Infinity vs Minimum Basic Salary in the Philippines.

Worldwide Information

Bitcoin Airdrop in El Salvador

El Salvador’s President Nayib Bukele mentioned Bitcoin will develop into authorized tender on September 7. Moreover, grownup residents can be receiving $30 in Bitcoin after they obtain and get verified within the Chivo e-wallet. The Block posits that there are 6.5 million El Salvadorans and 70% of them are over 15 years outdated. If assuming 60% El Salvadorans are categorised as adults, roughly $117 million value of Bitcoin can be given. For Free. As of June 25, that’s roughly 3,440 BTC.

Did the Bull Market Finish Already? 

Knowledge from Coindesk Analysis is saying that Bitcoin’s bull run has really ended even earlier than Elon Musk tweeted about Bitcoin being dangerous for the atmosphere. The info suggests it ended on April 14, 2021, which was when Coinbase went public. Even Coinbase’s inventory is dropping, final we checked.

That is the Lowest Ethereum Gasoline Charges Have Been in Three Months

Final week, for $Four or much less you transact on Ethereum. Right this moment, the common transaction charge on the preferred blockchain has decreased to $2.15. In contrast to final March and April the place many skilled paying $100 for, say, shopping for an NFT artwork.

Low charges are dangerous for miners, however actually actually good for everybody else probably. It ought to be famous that the ETH worth has additionally decreased to round $1,700 after reaching round $4,100 on Might 11.

That ETH worth, plus the next:

  1. DeFi and NFT transactions have declined
  2. Day by day transactions on the Ethereum blockchain have fallen.
  3. There’s an elevated utilization of Layer 2 scaling options like Polygon (previously Matic).

Native Crypto Information

Filipino Artists Take part in Binance NFT Market Launch

Luis Buenaventura II and Ian Magbanua, Marvin Germo, Autotelic’s Gep Macadaeg and Josh Villena, and Ali Younger are among the many Filipinos who dropped their creations on Binance NFT on its launch day, June 24. Lily Lee, Binance PR Supervisor mentioned in an interview, “100 Creators Marketing campaign is among the campaigns ready by Binance NFT, and it’s to assist and promote modern creators from world wide and highlight NFT items from totally different cultures.” (Read More.)

HaloDAO and Yield Guild Video games

Two rising Filipino-led crypto tasks are HaloDAO and Yield Guild Video games (YGG). We’ve coated YGG so much: They’re a decentralized autonomous group (DAO) searching for yield alternatives that they will share with their participant base. HaloDAO is aiming to construct an “inclusive internet infrastructure for growing international locations.”

HaloDAO not too long ago had its IDO on Sushiswap’s MISO, which is the place tasks can launch their token choices, whereas YGG is concentrating on a late July sale of its governance token, additionally on MISO. View the YGG whitepaper here.


Recap – 73% Axie Infinity Livestream Viewers are from the Philippines

We livetweeted the Axie livestream however most significantly, Andrew Campbell of Sky Mavis, tweeted that 73% of the stream watchers are from the Philippines.

What’s a Market Unfold?

One of the vital fundamental ideas that each crypto dealer ought to know is the unfold or the distinction between the bottom promote order and highest purchase order in a crypto change. Principally it’s the hole between the very best worth an individual is prepared to purchase and the bottom worth one other individual is prepared to promote.  (Read More.)

This text is revealed on BitPinas: Weekly Wrap-Up: Free Bitcoin Airdrop in El Salvador (June 28, 2021)