Market Analysis Report

10 June 2024

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 3,705.32 yesterday at 5 pm (GMT) and has since dropped 1.19%.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $6,571 representing a loss of 0.32% in the last 24 hours. More than $260 M worth of BTC were exchanged in the BTC/USD market representing a 23% share of the global daily volume. The BTC/JPY pair represents an 11% share.

The Ethereum price has increased 0.03% over the past 24 hours and is currently sitting at $229, with over $80 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 12% market share of the daily trading volume.

For a detailed market analysis click here

Ripple’s xRapid Goes Live

Yesterday, Ripple announced, at its annual "Swell by Ripple" conference, in San Francisco, that its XRP-based product, xRapid, has officially been launched, and three firms have already signed production contracts. Ripple says that multiple customers, including Mercury FX, Cuallix, and Catalyst Corporate Federal Credit Union, will finally be able to use xRapid in their production environments for key remittance corridors. On Twitter, the CEO of Ripple, Brad Garlinghouse, stated:

"Truly a record year here at @Ripple - our network reaches across 40 countries and six continents, and now today we have commercial deployment of xRapid. The proof is in the pudding!"

Read more here

Russian Nuclear Agency to Develop Blockchain as Part of Technology Adoption Framework

Yesterday, according to a press release signed by Evgeniy Abakumov, Head of Rosatom's IT Department, Russia’s state-owned nuclear energy corporation announced that it is fully engaged in developing “4.0 technologies” including blockchain technology. According to Abakumov, Rosatom will focus on three main areas of development within its drive to adopt new technologies, namely blockchain technology, artificial intelligence (AI) and Internet of Things (IoT). Evgeniy Abakumov stated:

"We are committed to integrating 4.0 technologies on a wider scale. IoT, AI, blockchain and others are to increase the efficiency of manufacturing process."

Read more here

Ethereum Startup Parity Adds Casper Code to Custom Blockchain Toolbox

Yesterday, according to a release on GitHub, Parity Technologies has added an early version of Ethereum's highly anticipated Casper code change to its blockchain development platform, Substrate. The code contains a mechanism to transition to the "Shasper" upgrade, that combines the platform's in-house scaling solution, sharding, alongside its proof-of-stake consensus switch, Casper. Wei Tang, the developer leading the Parity integration stated:

"On one hand, we show that Substrate is a general framework that works for many different blockchains. On the other hand, we can hopefully provide more inputs for the Shasper specification, and speed up its development."

Read more here

MJAC Conference

Dear users, it’s with great pleasure that we invite you to attend the MJAC blockchain conference.

Hosting the biggest and brightest blockchain leaders, the MJAC conference will be the perfect place to learn, network and discuss the future of the crypto industry.

The event counts with a long list of sponsors and media partners. You can count on a great variety of exhibitions booths and many prominent speakers. The list of speakers includes the founder of Atlas Neue and former CCO of Ethereum Stephan Tual, Circle’s European Legal & Business Director Claire Wells, Global CMO and EMEA Managing Director at Circle Marieke Flament, Ripple’s Head of European Regulatory Relations Dan Morgan, founder of Atlas Neue Cassius Kiani, Head of ICO Advisory at NKB Group Marina Titova, CEO and Co-founder of Coinfloor Ltd Obi Nwosu, and European Marketing Lead at Coinbase Joseph-Daniel Millwood, among many others.

The event will take place November 30th on Old Billingsgate, a historical event venue located in the heart of London.

Get your tickets here (use the CC30 discount code to get 30% off)

Recently Added:

Whalesburg added to Mining Pool List

CRYP added to Coin list

Press Release

State of the Crypto

Bitcoin is down 0.32% at $6,571.180 with a volume of Ƀ39.5k - $260.7M on the USD pairs.

Ether is up 0.23% against Bitcoin at Ƀ0.03487 per Ether and up 0.03% against the dollar to $229.3 with average volume Ƀ34.3k on the ETH/BTC pair.

Bitcoin Cash is up 2.41% to Ƀ0.08274 with volumes of Ƀ19.7k and up 2.23% against the dollar at $544.75.

Ripple is down 3.02% to Ƀ0.00008492 with volumes of Ƀ32.1k and down 2.92% against the dollar at $0.5609.

Zcash is down 2.09% for the day to Ƀ0.01918 per ZEC and down 2.44% against the dollar to $126.31 with an average volume of Ƀ4.8k for the 24 hour period.

Litecoin is up 0.69% against the dollar for the day at $61 and up 0.93% to Ƀ0.009268 on volumes of Ƀ10.7k.

Dash is up 0.25% at Ƀ0.0284 with Ƀ7.7k volume and up 0.07% against the dollar at $187.55.

Iota is down 0.24% to Ƀ0.00008609 on Ƀ1.1k volume.

Ether Classic is up 0.71% to Ƀ0.001694 with volumes of Ƀ11.2k and down 0.36% against the dollar at $11.22.

Monero is down 1.15% against the dollar at $114.75 and down 0.91% against Bitcoin at Ƀ0.01738 on volumes of Ƀ1.3k.

Neo is down 0.35% for the day to Ƀ0.002834 per NEO and down 0.37% against the dollar to $18.69 with an average volume of Ƀ9.3k for the 24 hour period.

Waves is down 0.64% to Ƀ0.000328 on Ƀ704.857 volume.

Stratis is down 1.77% to Ƀ0.0002381 on Ƀ110.311 volume.

Cardano is down 0.62% to Ƀ0.00001272 on Ƀ1.9k volume.

NEM is up 11.44% to Ƀ0.00001637 on Ƀ1.3k volume.

EOS is up 1.09% to Ƀ0.0008615 on Ƀ18.4k volume.

Tron is up 0.6% to Ƀ0.00000336 on Ƀ4.2k volume.

Stellar is down 0.51% to Ƀ0.00003912 on Ƀ4.6k volume.
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