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June by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

June by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take

  • Total adjusted on-chain volume decreased by 36.3%, to $498 billion.
  • A total of 122,074 Ethereum, equivalent to $175 million, was burned.
  • Monthly volume of NFT marketplaces on Ethereum decreased significantly, by 73.3%, to $1.07 billion.
  • Centralized exchange spot trading volumes decreased by 24.2% to $629.1 billion.
  • FTX came in 2nd place for the second time in CEX spot trading volume, ahead of Coinbase, with a share of 11.4%.
  • Derivatives presented a mixed bag, with open interest declining significantly for futures and options, and trading volumes up for futures but down for options.

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Ethereum scaling project AltLayer raises $7.2 million in seed funding

AltLayer, an Ethereum scaling startup that will provide application-specific chains, has raised $7.2 million in a seed funding round.

The post Ethereum scaling project AltLayer raises $7.2 million in seed funding appeared first on The Block.

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Finblox doubles withdrawal limit after dropping it amid exposure to 3AC

Stake-and-earn platform Finblox increased its withdrawal limit to $3,000 from $1,500.

The post Finblox doubles withdrawal limit after dropping it amid exposure to 3AC appeared first on The Block.

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Bitpanda said no mass layoffs, three weeks before axing one-third of staff

Bitpanda told staff via Slack message that there would be no mass layoffs, three weeks before cutting its workforce by a third. 

The post Bitpanda said no mass layoffs, three weeks before axing one-third of staff appeared first on The Block.

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Inside the Three Arrows Capital money machine

Quick Take

  • The list of reported lenders to 3AC already includes Genesis Global Trading, BlockFi Lending, Voyager Digital, and Blockchain.com. 
  • But The Block has learned that the list of 3AC’s creditors goes well beyond these larger institutions. 

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Hackers hijack Ankr gateway for Polygon and Fantom networks

Users of the two networks have been urged to use other node providers while the issue is being fixed.

The post Hackers hijack Ankr gateway for Polygon and Fantom networks appeared first on The Block.

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Deribit initiated Three Arrows Capital’s liquidation application in BVI court

Deribit initiated 3AC’s liquidation application in a court in the BVI. The exchange operator was joined by a couple of other parties.

The post Deribit initiated Three Arrows Capital’s liquidation application in BVI court appeared first on The Block.

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Facebook launches NFT feature for select group of US creators

Screenshots shared by a Facebook official show that Facebook NFTs will appear under a ‘digital collectibles’ tab on a user’s profile. 

The post Facebook launches NFT feature for select group of US creators appeared first on The Block.

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Bitcoin registers its worst quarter in 11 years amid crypto market tumult

Bitcoin was trading below $20,000 on Friday after the cryptocurrency had registered its worst quarter in 11 years.

The post Bitcoin registers its worst quarter in 11 years amid crypto market tumult appeared first on The Block.

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The Solana phone is the leap that Google and Apple won’t take, says Anatoly Yakovenko

In this episode of The Scoop, Solana Labs co-founder and CEO Anatoly Yakovenko chats about the company’s new mobile division.

The post The Solana phone is the leap that Google and Apple won’t take, says Anatoly Yakovenko appeared first on The Block.

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