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#Avalanche Hits One Million Monthly Active Users For The First Time

Avalanche, a Layer 1 blockchain network, has crossed 1 million monthly active users for the first time.

The main Avalanche network has also seen growth in adoption recently.

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From: rubikkav.nft

#Ethereum has been maturing as an asset.

The network’s #volatility has progressively decreased throughout its lifespan to reach 50%.

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#TRON #TRX hits new milestone in daily transactions

TRON network has several new upgrades lined up for the mainnet, after hitting key milestones earlier this week.

As of Tuesday, the total transactions on TRON exceeded 5.7 billion, signaling increasing network growth and adoption.

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#Tether #USDT Continues To dominate The #Stablecoin Market Despite Concerns Over Its Reserves And Regulatory Issues.

The market capitalization of Tether’s USDT has surpassed the previous all-time high of $83.2 billion, according to a June 1 statement from the stablecoin issuer.

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#Solana #SOL Records Increased Active Users

Solana (SOL) has had a busy month, enduring a significant increase in its user base across May.

This has seen the altcoin successfully break above the $20 resistance level. The move is remarkable considering the overall bearishness across the market, with most cryptos trading in the red throughout the month.

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30D volatility for #BTC and #ETH, descending to historically low levels at 0.016 and 0.019 respectively, according #CoinMetrics.

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📊 The US House has passed a key debt ceiling deal, launching the #SP500 to its highest price since August.

#Altcoins like $LTC, $LEO, and $FGC have jumped today. With #crypto lagging behind #equities, there could be some $BTC catch-up time coming soon.

Source: https://buff.ly/3qoP8Sf

Some Implication of this inverse correlation means that when the dollar rises, #BTC falls and vice versa. The chart below showing the year-to-date performances of #DXY (blue line) and BTC (orange line) underscores this relationship a step further.

Read More - Earn Crypto For Free: https://buff.ly/3IRs4Sw

The 1d-3m Bitcoin Realized Cap HODL Waves has increased from the cycle low of 11.5%, to a current value of 21.4%, an 86% increase.
This suggests that the transfer of wealth from experienced holders to newer demand is occurring, a phenomenon common across cycle inflection points.

#Bitcoin #BTC #OnChain

Why Hollywood Really Fears Generative AI

Hollywood actors and writers unions are negotiating with major studios to address concerns about the impact of AI on the industry. The use of deepfake technology and AI-generated content has raised concerns about the potential loss of income for actors and writers due to unregulated AI use. The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) is seeking a contract that protects members from losing income and ensures informed consent for certain AI uses. Writers, however, cannot rely on publicity rights in the same way and may struggle to seek compensation if their work is used by AI. The upcoming negotiations between actors' unions and studios will focus on economic fairness and maintaining a middle-class lifestyle for guild members. AI could be Hollywood's next strategy to produce more content with fewer humans, potentially leading to union strikes.

#Culture #CultureMovies #CultureTV #CultureDigitalCulture #Wired #TechNews #News

According to data from the on-chain analytics firm #Glassnode, the #cryptocurrency has seen cumulative fees of just 53,800 BTC since the last halving.

Source: buff.ly/42fOHqE

Deposits via bank transfer were halted on May 18th, and withdrawals were allowed only until June 1st. This pushed the discount of the #BTC-AUD #pair down by 9000 AUD (a 22% discount) on May 28th.

Source: https://buff.ly/43ixuOt

#Crypto #exchange volumes continue to fall, according to The Block's Data Dashboard.

Drawn from The Block Research's Legitimate Volume Index, May saw exchanges post $307.4 billion in volume — a decline of 23.2% from April.

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The so-called annualized #volatility of #bitcoin, which tracks the standard deviation of the last 30 days of daily percentage change in price, is currently resting around 32%, according to The Block Research.

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#Bitcoin mining revenue reached $916.6 million in May, a 13.7% month-over-month increase.

According to The #Block's Data Dashboard, that figure includes more than $120 million in transaction fees.

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The realized price for the 1–3 month age band is $27,200.

This level might be regarded as BTC's short-term support. Historically, whenever Bitcoin has gained momentum below this indicator, the price has dropped significantly.

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#Ripple #XRP Investors Become #Bullish Again

As XRP price rallied by nearly 24% in the last few weeks, it brought back the dissipating interest from users whose activity spiked on-chain recently.

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#DeFi’s total market value saw a #bullish increase this past week.

Data from Cointelegraph and TradingView show that DeFi’s top 100 tokens by market capitalization had a bullish week, with most tokens trading in the green.

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The current #NUPL value of 0.29 is at the lower bound of the equilibrium phase, which is a zone where 37.5% of all #Bitcoin trading days have been.

This zone was reached in early March 2023, and persisted for around 16 months in the last two cycles.

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