As cryptocurrency prices keep dropping and volatility remains relatively low, spot trading volumes in the cryptocurrency space decreased by an immense 42.7% in June, while total derivative volumes dropped 40.7%.
Stablecoin issuer Circle is planning on going public later this year through a merger with a special purpose acquisition company (SPAC) Concord Acquisition Corp. The deal is expected to close in the fourth quarter and would value the firm at $4.5 billion.
Digital payments firm Square is building a Bitcoin hardware wallet with the goal of making Bitcoin custody more mainstream. According to hardware lead Jesse Dorogusker it will focus on Bitcoin first and then “multisig to achieve ‘assisted-self-custody,’ and prioritizing mobile use.”
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Top stories in the Crypto Roundup today:
- Cryptocurrency Trading Volumes Plunge as Prices and Volatility Stall
- Stablecoin Issuer Circle to Go Public via $4.5 Billion SPAC Deal
- Square to Make ‘Assisted Custody’ Bitcoin Hardware Wallet
- Daily Movers – ZRx, LUNA, ATOM
- Sponsored: Sonar Introduces a Next-Gen Tracking Dashboard for the BSC and ETH Networks