#BinanceLaunchesGoldvs.BTCTradingCompetition
Daily Crypto Market: 3-Minute Briefing
📰 Today's News
🔥 Bitcoin Breaks $79K as Short Squeeze Ignites Rally
Bitcoin (BTC) has surged to an 11-week high, breaking above $79,000, fueled by short squeeze dynamics and strong U.S. demand. The global crypto market cap is up by 3.16% over the last 24 hours, reaching $2.63 trillion.
⚡ Kelp DAO Suffers $292M Exploit, Impacts DeFi Liquidity
Kelp DAO experienced a significant exploit resulting in a loss of $292 million, with preliminary findings suggesting links to North Korea's Lazarus Group. This incident has led to substantial capital outflows from platforms like Aave and raised concerns about cross-chain security.
📉 Russia Legalizes Bitcoin and Stablecoins for Foreign Trade Payments
Russia's State Duma has passed a bill legalizing Bitcoin and stablecoins for foreign trade payments starting July 1. This move aims to help Russian exporters bypass Western banking systems for payments amidst sanctions.$BTC
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