🎉Big news, BTC enthusiasts! Monochrome Asset Management, an Australian investment firm, is set to launch the country's first-ever spot Bitcoin exchange-traded fund (ETF) - the Monochrome Bitcoin ETF (IBTC) - on May 4, 2024. 🚀

This isn't just any ETF; it's the first to hold BTC directly in Australia! The IBTC is scheduled to be listed for trading on the Cboe Australia exchange on June 4. Monochrome's strategy? A strictly passive buy and hold investment strategy for bitcoin, without the use of derivatives, leverage, or short selling. 📈

Monochrome applied to launch IBTC in April, as the U.S. spot Bitcoin ETF market heat spread globally. The firm received approval to launch a spot Bitcoin ETF in August 2022, offering investors direct exposure to BTC, ether, and other cryptocurrencies. 🌐

While other firms have released Bitcoin ETFs that indirectly hold BTC or gain exposure through offshore products, Monochrome’s IBTC is different. It was approved under a new crypto licensing category implemented by the Australian Financial Services (AFS) in 2021. The ETF will use a custody solution that meets the country’s regulatory standards, and its holdings will be kept offline in a device not connected to the internet. 🛡️

This exciting development comes as several other countries approve the listings of spot Bitcoin ETFs, offering investors direct exposure to the cryptocurrency. The success of the first wave of ETFs launched in the U.S. earlier this year has triggered a wave that is spreading across regions like Hong Kong. 🌏

So, gear up, BTC fans! The Bitcoin ETF wave is here, and it's making waves in Australia! 🏄‍♂️🎉

🚀Buckle up, BTC enthusiasts! Matter Labs, the brains behind ZkSync Ethereum Layer 2 network, has dropped its bid to trademark the term "ZK"! 🎉

In a twist of events on June 3rd, Matter Labs revealed that it's dropping the trademark attempt due to the impossibility of finding a group of people perceived as "credibly neutral" by everyone.

Previously, Matter Labs had filed to trademark "ZK" (short for zero-knowledge) in nine countries, sparking a dispute with Polyhedra Network over the use of ZK as a ticker symbol. Polyhedra Network accused Matter Labs of bullying and undermining Web3 principles.

As the backlash grew, Matter Labs backed down, stating that what works within the Ethereum ecosystem might not work globally, given the diversity of perspectives and stakeholders.

"We're proud to be a part of a movement that cares so deeply about cypherpunk values," they said, expressing gratitude to the zksync community for their support.

However, key figures from ZK projects, including Shafi Goldwasser and Silvio Micali, co-inventors of ZK proofs, and Sandeep Nailwal and Brendan Farmer, co-founders of Polygon, strongly opposed the move. They argued that "ZK" should remain accessible to all parties and warned that pursuing the trademark could alienate Matter Labs from its community.

StarkWare, a ZK-proof technology developer, called the behavior "oppressive," and ConsenSys-backed Layer 2 scaling solution Linea also condemned Matter Labs.

So, it's a victory for the crypto community as Matter Labs abandons the 'ZK' trademark following community outcry! 🎉🎉🎉

🚨Crypto news alert!🚨 Sam Kazemian, founder of Frax Finance, has pointed the finger at an inside job for the recent hack of the project's official account. The breach occurred on June 1, leaving the decentralized stablecoin protocol FRAX USD in the lurch. 😱

In a Telegram post, Kazemian claimed that the Frax Finance team is "reasonably sure" they've identified the culprit, a "serial scammer" known to blockchain investigator ZachXBT. "This was an inside job," Kazemian stressed, adding that the breach was not due to any security flaws or phishing attacks. 🕵️‍♂️

The drama unfolded when the Frax Finance account was compromised. Kazemian urgently reached out to his followers, seeking assistance to contact the platform's customer service. However, he claimed that the passwords were not tampered with and there were no internal security issues within Frax Finance that could have led to the breach. Instead, he pointed to potential social engineering and insider involvement. 😲

As of now, the account remains active but no new posts have been visible since the hack. Neither the platform nor its CEO, Elon Musk, has made any official comments addressing the breach. 🤐

This incident is the latest in a series of hacks targeting crypto projects, allegedly attributed to insider actions. In late May, a crypto trader reported a similar compromise of his account, suggesting that the attackers took control of his account through bribery and used it to promote a pump-and-dump scheme. 📉

Stay tuned for more updates on this developing story! 📰👀

🚀🚀Buckle up, Bitcoin enthusiasts! Social Capital CEO Chamath Palihapitiya predicts Bitcoin will hit a whopping $500,000 per coin by the end of 2025! 🎉🎉 This prediction outshines those of analysts at Standard Chartered and Bernstein, who see a more modest price appreciation due to the halving effect.

📈📈Palihapitiya's forecast is based on Bitcoin's performance after previous halvings. For instance, Bitcoin's price multiplied 7.8x within 18 months after its third halving in May 2020. The halving, a feature in Bitcoin's software, cuts its supply inflation rate in half every 210,000 blocks, or roughly every four years, theoretically creating a supply shock that drives up Bitcoin's price.

🔮🔮Using this model, Palihapitiya projects Bitcoin reaching $497,977 by October 2025. If we consider the average price performance between Bitcoin's second and third halvings, the projected price skyrockets to $1.14 million!

💰💰Where will the demand come from, you ask? Palihapitiya points to an "increasing body of countries" that may adopt a dual currency standard, like El Salvador. He believes Bitcoin will "completely replace" gold and even begin to have transactional utility for hard assets if it truly reaches over $500,000 per coin.

🏦🏦The significance of newly launched Bitcoin ETFs, which have "commercialized Bitcoin," is also acknowledged by Palihapitiya. Analysts at Standard Chartered, impressed by the powerful inflows this year, predict Bitcoin to reach $200,000 by the end of 2025.

So, are you ready for the Bitcoin rollercoaster? 🎢🎢

🚀Bitcoin (BTC) is holding steady around $69,000, thanks to a significant demand zone between $66.9k and $68.9k, says IntoTheBlock. With over two million addresses accumulating a total of 1.1 million BTC in this range, the interest and activity among traders is palpable!💪

This demand zone is a critical buffer, indicating trader confidence and investment at these price levels. Despite the $70,000 hurdle, the data suggests BTC remains stable and could initiate another leg up soon.📈

The overall investor sentiment is bullish. Crypto trader Peter Brandt predicts BTC's current bull run could peak between $130,000 and $150,000 by late August to early September 2025, based on historical patterns.🔮

Adding to the bullish momentum are significant developments in the BTC ecosystem. US Senator Ted Cruz, a crypto enthusiast, has initiated mining operations in Texas. Meanwhile, the Republic of Tatarstan aims to establish Russia's largest Bitcoin mining company, valued at approximately $100 million.🌐

Stay tuned, BTC enthusiasts! The journey to the moon continues!🌙🚀

🚀🚀Buckle up, Bitcoiners! The Shiba Inu project has been on a token burning spree, with almost 370 million tokens removed from circulation in May. However, this represents a 78.23% drop compared to April. 📉📉

Despite the decline, the Shiba Inu ecosystem is still going strong, with the team having sent over 410 trillion assets (41% of the circulating supply) to a null address over the years. 💪💪

And guess what? SHIB's price is slightly up on a monthly scale, trading at around $0.00002504. Plus, it's seen a jaw-dropping 190% spike in the past year, making it one of the crypto market's top performers! 🎉🎉

But that's not all! The layer-2 scaling solution, Shibarium, is also making strides. It's processed over 5 million blocks and 400 million transactions, and wallet addresses have crossed 1.8 million. Shibarium is all about enhancing the Shiba Inu ecosystem, lowering transaction fees, boosting speed, and improving scalability. 🚀🚀

Last month, Shibarium underwent two major updates, including compatibility with popular self-custody wallets like MetaMask, Trust Wallet, and Coinbase Wallet. The second update aims to empower the developer community, speed up block processing times, and enhance user experience. 🎉🎉

So, while we're all about Bitcoin, it's clear that Shiba Inu and Shibarium are making some serious waves in the crypto world! 🌊🌊

🎉🎉 Bitcoin enthusiasts, buckle up! Our favorite digital asset kicked off the week with a bang, soaring above $69,000 for the first time this month! 🚀🚀

Last week was a rollercoaster ride for BTC, with a high of over $70,500 and a low of $66,600. But the weekend was quiet, with no major moves. However, Monday had a different tune, and BTC jumped to just over $69,000. 💪💪

Its market cap has risen to a whopping $1.360 trillion, and its dominance over the altcoins has gained 0.3% since yesterday, standing at 50.2% now. 🌟🌟

But it's not just about BTC, folks! Most altcoins are also in the green. Ethereum has reclaimed the $3,800 level after a 1.1% increase. Binance Coin stands out with a 5% surge to $630, even touching $640 earlier, its highest in almost three months. 🎈🎈

The cumulative market capitalization of all crypto assets has gained around $40 billion overnight and stands at just over $2.7 trillion. So, it's not just a good day for BTC, but for the entire crypto market! 🎊🎊

Stay tuned for more exciting updates! And remember, always HODL! 🤘🤘

🚀🎉US Senator Ted Cruz, a crypto enthusiast, has officially joined the Bitcoin mining community! Cruz recently purchased three ASIC Bitcoin miners and has started mining operations in Iraan, Texas. 👏👏

🎈Cruz has long been a pro-crypto voice, advocating for crypto-friendly legislation. His recent move into Bitcoin mining has been applauded by Marathon Digital CEO Fred Thiel, who highlighted Cruz's contribution to improving network security.💪🔒

🌞Texas has become a hotspot for Bitcoin mining, thanks to its business-friendly laws and affordable energy resources. This has led to a boom in Bitcoin mining in smaller towns like Iraan, creating jobs and generating tax revenue.💰🏭

💸Cruz isn't the only lawmaker dipping his toes into crypto. Several senators have disclosed their crypto holdings, reflecting a growing political support for the digital asset. Wyoming Senator Cynthia Lummis and Pennsylvania Senator Pat Toomey are among those who have invested in Bitcoin.📈🎊

👊Cruz has been a strong voice against a crypto tax proposal and the Federal Reserve's development of a central bank digital currency (CBDC), citing concerns about privacy and government overreach. Meanwhile, Oklahoma lawmakers have passed a bill offering tax credits to digital asset mining operations, a move that is expected to attract more investments into the sector.🏦🚫

So, here's a big shout-out to Senator Cruz for joining the Bitcoin mining community! Let's keep the crypto momentum going! 🚀🎉🎈

🚀🌕 Bitcoin enthusiasts, buckle up! After a bullish surge towards the $71K mark, Bitcoin faced some selling pressure, causing a slight bearish dip. But don't fret! A robust support region is in sight, potentially leading to a renewed bullish move in the short term. 📈

Analyzing the daily chart, Bitcoin's price is currently confined between the 100-day moving average at $66K and the $72K resistance region. This 100-day MA is a crucial support region, potentially halting further selling pressures. 🛑

On the 4-hour chart, Bitcoin has formed a smaller wedge pattern near the $70K upper boundary. Should Bitcoin surpass this boundary, we might be looking at a prolonged bullish trend, with the key $74K resistance zone as its target. 🎯

Whale watch! 🐳 The realized price of new whales, approximately $62.8K, now serves as a key support region for Bitcoin buyers in the short term. The profitability of these new whales suggests that these influential market participants continue to see value in Bitcoin above this support level. This sentiment underpins a bullish outlook as long as the price remains above $62.8K.

Stay tuned, Bitcoin believers! The future looks bright! 🌞🚀

🚀🎉 Bitcoin enthusiasts, get ready for some exciting news! Polygon, the Ethereum Layer 2 solution, has seen a remarkable surge in its stablecoin market cap this quarter, soaring to a whopping $1.5 billion. That's a significant 19% increase QoQ! 🎉🚀

Tether is leading the pack as the dominant stablecoin on Polygon, with its market cap growing by an impressive 29% QoQ to reach $792 million. That's a hefty 53% of the total stablecoin market cap on the network. 💪💰

This growth has been boosted by several notable developments. For instance, Sony Bank initiated trials exploring the use of stablecoins on the Polygon blockchain. The end goal? Evaluating their potential as a settlement method for digital sales across the Sony Group, including video games. 🎮💼

But that's not all! The Belgian tech company Settlemint announced plans to develop a stablecoin leveraging Polygon, further highlighting the Layer 2 network’s growing prominence in the stablecoin ecosystem. 🌐💡

Polygon's gaming sector also flourished during the first quarter of 2024. The number of daily active addresses associated with gaming on the platform skyrocketed by 1,615% QoQ, reaching 207,000 addresses. 🎮🚀

Polygon’s decentralized finance (DeFi) ecosystem also experienced notable growth, with the number of daily active DeFi addresses increasing by 67% QoQ to reach 50,000 addresses. 📈💰

While the NFT and social sectors also saw an uptick in activity, their scale remained relatively smaller compared to the gaming and DeFi domains within the Polygon ecosystem. 🎨👥

So, Bitcoin lovers, let's keep an eye on this exciting development! 🚀👀

🚀Ripple is stepping up its pro-crypto game! The company has just donated a whopping $25 million to the Fairshake super PAC, aligning with the industry's push for pro-crypto policies and politicians. This move comes as Ripple continues its legal tussle with the SEC.🥊

📣Ripple is calling out the SEC's strategy of trying to regulate the crypto industry through enforcement, labeling it as ineffective. The company is urging for fair and balanced regulation, especially as the US lags behind other nations in embracing crypto and its underlying technology.🌐

🗳️With the 2024 elections looming, Ripple is emphasizing the need for leaders who understand and promote policies that foster innovation, consumer protection, and market fairness. CEO Brad Garlinghouse stated, "Our contributions to Fairshake are just one of the many ways Ripple will actively invest in educating voters on the role crypto will play in the future."🔮

💰This $25 million donation follows a $20 million contribution made six months ago, marking a significant increase in Ripple's political activity. Ripple's contributions make up nearly half of the $100 million-plus raised by Fairshake from major figures in the crypto sector.🏦

⚖️Ripple's legal battle with the SEC continues, with the regulatory watchdog accusing the company of unlawfully raising $1.3 billion through the sale of XRP, which it deemed an unregistered security. The SEC is seeking fines against Ripple, while the company argues that fines should not surpass $10 million. The final ruling is awaited.👀

🚨Crypto News Alert!🚨 David Kagel, an 85-year-old former attorney, has pleaded guilty to orchestrating a crypto Ponzi scheme, defrauding victims of a whopping $9.5 million! 😱

Once a respected legal figure in Beverly Hills, Kagel now faces a potential five-year prison sentence. The scheme involved luring victims into a bogus crypto investment scheme, promising high-yield profits. The plot thickens with claims of artificial intelligence trading bots managing investments in crypto markets. 🤖💰

The scheme's promoter falsely assured victims that Kagel, acting as the promoter’s attorney, was holding Bitcoin worth about $11 million in escrow. This was a so-called guarantee to protect victims’ investments from losses. Kagel even provided letters on his law firm’s letterhead to falsely confirm the legitimacy of the investment programs. 😮

Principal Deputy Assistant Attorney General Nicole M. Argentieri stated that Kagel exploited his attorney status to endorse false assertions about a cryptocurrency investment, which turned out to be a scam. Kagel's sentencing is scheduled for September 10.

Meanwhile, the saga continues with David Gilbert Saffron of Australia and Vincent Anthony Mazzotta Jr. of Los Angeles awaiting their August 13 trial for their alleged roles in the same crypto Ponzi scheme.

Stay tuned, folks! The world of crypto is always full of surprises! 🌍🚀

🚀Buckle up, Bitcoin enthusiasts! A recent Harris Poll survey reveals a surge in voter interest in Bitcoin and other cryptocurrencies. The survey, funded by Bitcoin ETF issuer Grayscale, shows that one in three U.S. voters will consider a political candidate's stance on cryptocurrencies before casting their vote. 🗳️

📈The poll, which gathered responses from over 1,700 likely U.S. voters, found that 77% believe U.S. presidential candidates should at least have an "informed perspective" on cryptocurrencies. It also found that 41% of voters are paying closer attention to Bitcoin due to geopolitical tensions, inflation, and a weakening U.S. dollar, up from 34% in November 2023. 🌐💰

🔥In addition, 47% of respondents expect to include crypto in their investment portfolios, up from 40% the previous year. Events such as the U.S. spot Bitcoin ETF approval in January 2024 and the halving in April 2024 have heightened voter interest in investing in BTC and other crypto assets. 📊

👀Grayscale highlighted BTC's strong performance in 2024, with its price reaching a new all-time high on March 13. This sparked speculation that the upcoming election could be dubbed "the Bitcoin Election." The survey also revealed that voters increasingly view crypto as a good long-term investment opportunity. 🚀

📜The survey found that 52% of voters would be more likely to invest in crypto with clearer policies, up from 48% in November 2023. A significant majority (79%) agreed that political leaders should work towards creating frameworks and rules that enable financial inclusion and investor protection. 🏛️

🎉Presidential candidate Donald Trump has recently taken a pro-crypto stance, asking if Bitcoin could be leveraged to solve the U.S. national debt problem. The crypto world is buzzing, and it's clear that Bitcoin is becoming a hot topic in the political arena! 🏦🔥

🚀🚀 Bitcoin enthusiasts, buckle up! The need for Bitcoin scaling solutions is more pressing than ever. Binance's new research report, "The Future of Bitcoin," highlights this urgency. 📊

In 2022, Casey Rodarmor launched the Ordinals protocol, sparking the Bitcoin non-fungible token (NFT) hype cycle in 2023. This, along with the creation of the Bitcoin fungible token standard, BRC-20, and the Runes protocol, has attracted a new wave of Bitcoin users, traders, and builders. 🏗️💰

But with new protocols and projects come challenges. The influx of activity has led to a more congested mempool and higher transaction fees. From 2022 to 2023, the average Bitcoin transaction fee rose 175% from $1.5 to $4.2 and has further increased to $9 in 2024. 😱💸

As we aim for global mass adoption, these high transaction fees could become a significant hurdle. If 2% of the world's population were to make ten Bitcoin transactions per year, we could see up to 1.6 billion transactions! 🌍🔥

Binance insists that Bitcoin scalability solutions are necessary for true global mass adoption. Existing solutions like the Lightning network, RGB, Stacks, BounceBit, and Merlin are already in place. Let's see how the Bitcoin network evolves to handle this surge! 🌐🚀

🎉🎉Good news for all BTC enthusiasts! Two cybersecurity whizzes, Joe Grand and Bruno, have successfully helped an anonymous crypto user, known as Michael, recover a whopping 43.6 bitcoins (BTC) that he lost access to 11 years ago.🕵️‍♂️🔐

Back in 2013, Michael, a stickler for security, used RoboForm to generate a unique password for his BTC wallet. He stored the password in an encrypted file, which unfortunately got corrupted, locking him out of his wallet.😱💔

Fast forward to 2023, Michael, undeterred, approached Grand and Bruno, who discovered a vulnerability in RoboForm's random number generator. The bug, which was fixed in 2015, connected each generated password to a date and time it was created on a user’s computer.👨‍💻🔍

With this knowledge, they began the arduous task of testing hundreds of passwords. After much effort, they hit the jackpot with a password created on May 15, 2013.💡🎉

Upon cracking the code, they accessed the wallet and retrieved the bitcoins. Michael, in a gesture of gratitude, gave a portion of the stash to Grand and Bruno. He sold some of his BTC when it hit $62,000 and now holds 30 BTC worth roughly $2 million. His plan? HODL until BTC hits $100,000!💰💰

So, folks, remember, never lose hope, and keep HODLing on!🚀🌕

🚀 Bitcoin (BTC) enthusiasts, hold on to your hats! Our favorite digital asset has been taking it easy this past weekend, chilling at just under $68,000. 🏖️

BTC started the week with a bang, skyrocketing from under $69,000 to over $70,500 in just a few hours on Monday. 🎆 But the bulls took a breather, and BTC started to lose value, even dipping close to $67,000. The rest of the week was a rollercoaster ride, with a few attempts to conquer $70,000 and a couple of dips below $67,000. 🎢

By the end of the business week, BTC was enjoying the calm, sitting pretty at around $68,000. The weekend was a bit of a snooze, with BTC failing to make any significant moves in either direction. Its market cap is holding steady at $1.330 trillion, and it still reigns supreme over the altcoins with a dominance of 50%. 👑

Meanwhile, the altcoins have been following BTC's lead, failing to make any major moves on a daily basis. But the weekly landscape has seen some impressive gains. ETH, TON, and SHIB have all seen minor weekly gains, while LINK and WIF have jumped the most in the past seven days. 📈

On the flip side, some larger-cap alts like Uniswap have taken a hit, slumping by more than 12%. Dogecoin is down by 7%, slipping below $0.16. Other losers include BCH, NEAR, ARB, IMX, and XRO. 📉

The total crypto market cap has shed about $40 billion since last Sunday, now sitting at $2.660 trillion. But hey, in the world of crypto, what goes down must come up, right? 🌈

Stay tuned, BTC lovers! The next big move could be just around the corner. 🌟

🚀🎉 Hold on to your hats, BTC enthusiasts! Ethereum (ETH) is making waves after the US Securities and Exchange Commission (SEC) gave the green light for ETH ETFs. This has resulted in a rollercoaster ride for ETH's price, with swings between $3,650-$3,950. But don't worry, it's currently chilling at around $3,800. 🎢💰

Analysts are predicting a potential rally for ETH, with predictions reaching as high as $20,000! 😱🚀 The approval of ETH ETFs by the SEC is expected to attract major world banks and financial institutions to the Ethereum ecosystem. DBS Bank, one of Singapore's largest banks, is already a crypto whale, holding 173,753 ETH valued at almost $670 million. 🐳💸

On-chain metrics are also looking promising for ETH. The total value locked on Ethereum has risen impressively since October 2023, currently standing at almost $65 billion. This suggests more capital is flowing into the ecosystem, reflecting positive market sentiment. 📈💹

Furthermore, the Ethereum exchange netflow has been predominantly negative in the last seven days. This shift from centralized platforms to self-custody methods could be bullish for ETH's valuation, as it reduces the immediate selling pressure. 🐂📊

So, buckle up, folks! Ethereum's journey is just getting started! 🚀🌕

📢📢 Heads up, Bitcoin enthusiasts! In a recent high-profile case, a British-Chinese woman, Jian Wen, was sentenced to six years and eight months in prison for laundering Bitcoin proceeds from a whopping $6 billion investment scam in China. 🚨🚨

Wen, 42, was found guilty of converting the Bitcoin into cash and using the funds to purchase property, jewelry, and other luxury items. 💎💍🏡 The scam, orchestrated by her former boss, Yadi Zhang (real name Zhimin Qian), defrauded around 130,000 investors in China. 😱😱

In 2018, UK police seized over $2.2 billion worth of Bitcoin related to the alleged fraud. Wen’s lawyer claimed she was "duped and used" by her boss and was unaware of the criminal origins of the BTC she was handling. However, the judge in Southwark Crown Court rejected these claims, stating the evidence shows Wen had full knowledge she was laundering criminal proceeds. 👩‍⚖️👩‍⚖️

As cryptocurrencies are increasingly being used to disguise and transfer illicit assets, UK authorities have vowed to crack down on such activities. The lead investigator stated they will "leave no stone unturned" to catch criminals exploiting cryptocurrencies for illegal purposes. 🚔🚔 Stay tuned for more updates! 🚀🚀

🎉Big news, BTC enthusiasts! Mastercard has launched its Mastercard Crypto Credential, marking the debut of its peer-to-peer (p2p) transactions that simplify and secure blockchain transfers. 🚀

This new feature will allow users on Bit2Me, Lirium, and Mercado Bitcoin exchanges to send and receive cryptocurrency using easy-to-remember aliases instead of those long, complicated blockchain addresses. 🙌

The Mastercard Crypto Credential currently connects Latin American and European corridors, aligning with Mastercard’s expansion into the digital asset ecosystem. 🌍

Users across Peru, Chile, Portugal, Argentina, Guatemala, Panama, Mexico, Brazil, Paraguay, Spain, France, Switzerland, and Uruguay will be able to conduct both cross-border and domestic transfers across various currencies and blockchains. 🌐

This rollout marks the first use case for Mastercard Crypto Credential, with potential future expansions into NFTs, ticketing, and other payment methods. 🎟️💳

Mastercard Crypto Credential also seeks to verify interactions between consumers and businesses on blockchain networks. It aims to enhance trust and certainty in transactions and supports the exchange of Travel Rule information for cross-border transactions. 🛡️

So, get ready for a simplified and secure crypto transaction experience! 🎊🎉

🚀🚀Buckle up, Bitcoin enthusiasts! The XRP Ledger (XRPL) is making some serious waves! 🌊🌊 According to Messari's latest report, the network activity of XRPL has surged across nearly all metrics, with active addresses and transactions increasing by a whopping 37% and 113% quarter-over-quarter (QoQ), respectively. 📈📈

This activity surge is largely due to a group of around 45,000 accounts, which collectively sent over 30 million transactions to a single account, primarily for inscription-related activities. 📝📝

Inscriptions, a transaction type that gained popularity on Bitcoin in early 2023, have since spread to other major networks, including XRPL, often causing significant activity spikes. 🎆🎆

Despite the high transaction volumes, XRPL demonstrated resilience, handling over 80 transactions per second for an entire day without network issues. The total number of accounts rose by 150,000, a 3.1% increase to 5.15 million. 🚀🚀

Meanwhile, the total market cap of fungible tokens, referred to as Issued Currencies, fell by 16% QoQ to $142 million. Among the over 3,300 assets listed on the XRPL, Sologenic (SOLO) was the leading token, making up 42% of the total market cap. 🏆🏆

Stablecoins and wrapped tokens are notably popular on XRPL when measured by the number of holders, in comparison to other tokens. Ripple's recent announcement to launch a USD-pegged stablecoin on both the XRPL and Ethereum could potentially trigger a significant liquidity event. 💰💰

Stay tuned, Bitcoin fans! The crypto world is full of surprises! 🎉🎉