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            Crypto Market Update: The Global Crypto Market is at INR 70 Trillion

            Crypto markets show signs of recovery with 70 bn inflow, USDT plans to get regular audits, Solend’s proposal of a whale’s account takeover receives flak and criticism.

            21 Jun 2022 | 3 min read
            Crypto Crash Update

            Table of Contents

            Toggle
            • Crypto Space Healing Up, Will the Bears Remain Aloof or Jump In Action Later?
            • CRYPTO PRICES TODAY 
            • TOP GAINERS AND LOSERS TODAY
            • TOP 3 CRYPTO GAINERS  
            • TOP 3 CRYPTO LOSERS 
            • Crypto Market Buzz
            • Crypto markets turn green as nearly $70 bn flows in the last 24 hours
            • Tether is all set  for an audit to Increase its Reserves Transparency
            • Web3 News Global
            • Solend Community Votes to Backtrack on Whale Takeover Plot
            • NEW COIN LISTING ON COINDCX 

            Crypto Space Healing Up, Will the Bears Remain Aloof or Jump In Action Later?

            The bearish impact appears to have ceased a little as the crypto space is trying hard to materialize a strong upward trajectory. The bears just appear to be a little relaxed and may get back in action any time. Currently, the global crypto market cap has surged beyond INR 70 trillion with a rise of 2.55%.  

            BTC & ETH prices have surged with a small margin of 3.70% & 5.10% respectively. All the altcoins are also painted in green, while the topper of the leaderboard is Synthetix(SNX) with a jump of 54.95%. Followed by Storj(STORJ) with 28.94%, 1Inch Network(INCH) with 25.64% & Aave(AAVE) with 20.18%. No tokens currently appear with the bearish captivity, as a significant upswing may be in place for the next couple of hours.

            CRYPTO PRICES TODAY 

            Price Trend  Price for June 21, 2022  Percentage change 
            The global crypto  market cap  $902,888,436,536.83 –
            The total crypto market volume $71,937,698,153.6 –
            Bitcoin Price $20,570.20 +2.69%
            Ethereum Price  $1,124.52 +4.17%

            *All prices are latest by 10:30, 21 June 2022.

            Check out the Latest Crypto Prices, Charts, and Data of your favorite coin.

            TOP GAINERS AND LOSERS TODAY

            TOP 3 CRYPTO GAINERS  

            Crypto Price* Percentage Change
            Synthetix Network Token (SNX) INR 248.69 +31.87%
            Storj  (STORJ) INR 63.68 +33.15%
            Compound ( COMP ) INR  3,286.27 +30.32%

            *All prices are latest by 10:30, 21 June 2022.

            TOP 3 CRYPTO LOSERS 

            Crypto Price* Percentage Change
            Helium (HNT) INR 880.29 -1.16%
            SuperFarm (SUPER) INR 12.03 -0.25%

            *All prices are latest by 10:30, 21 June 2022.

            Crypto Market Buzz

            Crypto markets turn green as nearly $70 bn flows in the last 24 hours

            Last week the crypto market witnessed a carnage with the OG coin dropping below 20k. The good news is that this week $ 67 billion has inflowed. With Bitcoin and Ethereum crawling towards the green candlestick. Ethereum has spiked to 9% while Bitcoin stood a little above 20,000 showing a 5.05% hike. 

            Source: Finbold

            Tether is all set  for an audit to Increase its Reserves Transparency

            Paolo Ardoino, the Chief Technical Officer of USDT has taken a step to get the project audited for enhanced transparency. According to Paolo, MHA, one of the best accounting firms will audit the project on a quarterly basis. The price of Tether fell below 95 cents amidst the Terra Luna crash. The stablecoin has seen a 10% inflow which is roughly 7 billion $ 

            Source: Crypto News 

            Web3 News Global

            Solend Community Votes to Backtrack on Whale Takeover Plot

            Solana’s lending protocol Solend shook the internet when a source revealed that the protocol may take over an account to avoid a dump on exchanges. After a heated debate, the community voted against the whale account’s takeover. The whale had deposited a whopping  $170 million worth of SOL collateral to borrow $108 million in stables, and the coin may stand a chance to lose $21 million if the whale liquidates the amount. 

            Source: Crypto Briefing  

            NEW COIN LISTING ON COINDCX 

            New Coin Market Capitalization Circulating Supply
            SKALE Network (SKL) $190,467,489 3.53B SKL
            Livepeer (LPT) $205,231,747 24,040,758.76 LPT
            Efinity Token (EFI) $23,609,367 169,857,481.27 EFI
            Band Protocol (BAND) $52,950,427 35,191,821.00 BAND

            *All prices are latest by 11:40, 21 June 2022.

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