Market Buzz
Bitcoin, Ethereum in red; Polkadot biggest loser
Major cryptocurrencies traded in the red early on June 9 as the global crypto market cap decreased 2.65 percent to $1.23 trillion over the last day. The total crypto market volume rose 21.76 percent to $67.03 billion over the last 24 hours. The total volume in Defi stood at $7.02 billion, 10.48 percent of the total crypto market 24-hour volume. The volume of all stable coins was at $57.81 billion, which is 86.23 percent of the total crypto market’s 24-hour volume.
Big Story
Crypto Conversations: The importance of crypto synthetic assets
With synthetic asset platforms opening the doors to derivatives for thousands of new investors, only time will tell what kind of impact a potential flood of new crypto-collateralized derivative contracts will have on the traditional financial landscape.
NFT News
How NFTs are Paying Tribute to LGBTQI+ community
The month of June is dedicated to LGBTQI+ pride events in the United States and in many other countries around the world. For the occasion, an NFT collection paying tribute to a selection of pride icons has been launched to raise funds for organizations fighting for the rights of lesbian, gay, bisexual, transgender and intersex people.
DeFi News
Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea
Solana Ventures and the Solana Foundation have formed a $100-million fund to help support the growth of nonfungible token (NFT), blockchain gaming and decentralized finance (DeFi) projects in South Korea. In addition to supporting projects built on Solana, the fund will help keep some Terra-based projects afloat following the collapse of that ecosystem last month.