NFT News Today Official TheBitTimes.com

The dominant sentiment over the crypto market continues to be fear, and Ethereum (ETH) has been highly affected by it, with capitulation signals in the Ethereum Network amid a massive loss of net capital to the second-largest cryptocurrency by market cap. According to data from Glassnode shared by Ali Martinez on X, Ethereum lost $13 billion in net capital “in the past few days”. Market: Market realized value net capital change breakdown. Source: Glassnode (by @ali_charts) “This chart shows the aggregate 30-day Net Position Change of the largest and most dominant assets in the digital asset industry. Net capital inflows can occur either via uplifts in the Realized Cap for the major assets BTC, ETH or via growth in stablecoin supplies considering USDT, USDC and BUSD. Cryptocurrency Ethereum Merge 1-year anniversary: 4 key insights you need to know Cryptocurrency This historic Ethereum anomaly could spark huge ETH price rebound ...

Approximately 68.3 billion LUNC tokens have been burned so far, accounting for approximately 0.99% of the total token supply. Of this burned amount, 44.8 billion LUNC tokens have recently been sent to the burning address. Restore the digital currency’s reputation Luna Classic HQ has announced that 68,303,850,914 tokens were burnt, representing 0.99% of the total supply, and of this amount, 44,789,088,501 has been sent to the burning address. The update comes as part of the decision to burn all Terra Classic token s from the community pool and the token s that were reminted via Binance’s LUNC burn wallet. The main goal of the decision is to burn enough Terra Classic token s to restore the digital currency’s reputation after it became disconnected from its linked algorithmic stablecoin USTC. $LUNC BURN UPDATE We’re getting close to 70Billion LUNC BURN Hold #LuncArmy pic.twitter.com/ACeagflUSQ — LunaClassic HQ (@LunaClassicHQ) July 10, 2023 Binance has a...