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92% of People Have Heard of Cryptocurrency
Consensys, the minds behind the famed Metamask crypto wallet, recently unveiled their report “The State of Web3 perception around the world". This report provides insights into how well cryptocurrency is understood worldwide, the depth of Web3 comprehension, and the public's stance on pivotal aspects like online data privacy and ownership. 
DappRadar's recent report reveals a staggering 98% drop in Bitcoin Ordinals NFT trading volume since May, plummeting from $452 million to just $3 million.
Transaction numbers also fell by approximately 97% to 20,571 during this period.
While DappRadar acknowledges the decline, they emphasize the need for more time to discern if this is a short-term hiccup or a deeper issue with Bitcoin-based NFTs. 
FTX's portfolio liquidation is unlikely to shake the market significantly, as noted by Coinbase in their latest weekly report.
They cited multiple reasons supporting this claim.
1. Weekly Sell Limits: Initially, liquidations are capped at $50 million per week for digital assets. This limit will gradually increase to $100 million in subsequent weeks. Any permanent increase to a maximum limit of $200 million requires approval from two committees representing FTX debtors.
2. Insider-Affiliated Tokens: Stricter controls govern the sale of “insider-affiliated” tokens, necessitating a 10-day advance notice to the same committees.
3. Locked Holdings: A significant portion of FTX’s SOL holdings, along with some other tokens, are locked until approximately 2025 due to token vesting schedules, limiting their availability for sale.
4. Hedging Measures: FTX has the option to hedge its sales of BTC, ETH, and other debtor-identified assets through an investment advisor, contingent on prior committee approval. These precautions ensure a measured and controlled approach to asset liquidation. 
U.S., U.K., and European investment firms are increasingly appointing senior executives for digital asset strategies. Amberdata's recent report reveals that 24% of asset management firms have embraced a digital assets strategy, with another 13% aiming to do so within two years. The study, which surveyed 60 investment professionals, found that nearly half (48%) incorporate digital assets in their portfolios. Despite regulatory challenges, Amberdata anticipates a positive shift in the coming years, especially with Ripple's recent legal win against the SEC. 
The Bank for International Settlements (BIS) has published new findings. These suggest that, far from offering economic relief, cryptocurrencies might be escalating financial vulnerabilities in emerging economies.
Many are tempted to view the digital assets as an alternative to the typical monetary systems or a stand-in for local currencies. However, the study's authors caution that this perspective might elevate the financial risks these nations face.
While the report does highlight the transformative potential of cryptocurrencies, the BIS insists that effective regulation is vital to steer their advantages in a beneficial direction. 
Coingecko has just unveiled a report that details the countries where mining 1 BTC could be either a lucrative venture or a costly mistake.
For example, mining a Bitcoin in Lebanon would cost only $266 in electricity, while the same task in Italy would run a shocking $206,000, or 783 times more.
Out of the top 10 nations with the highest electricity costs, 9 are European. 
The study also revealed that 1 in 3 New York residents views cryptocurrencies as a potential contributor to a more equitable financial system and a valuable investment for the future.
The report highlighted the growing adoption of cryptocurrencies within New York, making the state a hub for diverse blockchain initiatives.
It pointed out the existence of 692 blockchain organizations and over 800 founders located in the state of New York.