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Top stories in The Crypto Roundup today:

  • Stellar Foundation burns 55 billion XLM, price rallies 17%
  • Monday Is the Best Day to Buy and Sell Bitcoin, CryptoCompare Research Shows
  • DX.Exchange pauses operations as it seeks an acquisition

At the time of writing, bitcoin (BTC) is trading at $9,259 (0.94%) with a daily trusted volume of $1.70 bn. As for ether (ETH), it is trading at $184 (1%) with a daily trusted volume of $346.39 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,187 (0.13%). The Stellar (XLM) price is up 17% after the Stellar Foundation announced it had burned over 55 billion XLM.

 
24 hours chart of the price of BTC
 

Stellar Foundation burns 55 billion XLM, price rallies 17%

 

The Stellar Foundation has burned over 55 billion XLM, worth approximately $4 billion according to CryptoCompare data. Prior to this burn, there were 105 billion tokens now there are 50 billion and a circulating supply of 20 billion.

The XLM price is up 17% since CEO Danielle Dixon announced the news at the Stellar Meridian conference on Monday, she told the crowd:

"As much as we wanted to use the lumens that we held, it was very hard to get them into the market.”

 
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Monday Is the Best Day to Buy and Sell Bitcoin, CryptoCompare Research Shows

 

CryptoCompare research has shown that Monday is the best day of the week to buy and sell bitcoin. Since June of 2014, buying BTC on that specific weekday has led to a compounded daily return of 445%, the next highest is Friday at 250% and the lowest is Wednesday at 60%.

Tuesday and Sunday showed very similar returns, with compounded daily returns of little over 100%. Notably, Wednesday lags far behind with daily returns a little over 50%. The data also shows that - on average - there's been no bad day of the week to buy and sell BTC, as the returns were always positive.

 
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DX.Exchange pauses operations as it seeks an acquisition

 

DX.Exchange is halting operations as it looks for a new owner after only 10 months since its launch. The exchange allows users to trade tokenized shares of companies listed on the Nasdaq stock exchange.

The exchange is built using Nasdaq’s market surveillance and matching engine technology, a DX.Exchange spokesperson said: “The costs of providing the required level of security, support and technology is not economically feasible on our own.” If the exchange fails to find a buyer “the exchange may not resume operations.”

 
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