FameEX Morning Crypto News Recap | July 6, 2023

Bitcoin Blockchain Clears Over 187,000 Pending Transactions in the Past Week
The Bitcoin blockchain successfully cleared 187,000 pending transactions in the past week, reducing congestion and decreasing on-chain fees. Recent statistics confirm the efficient confirmation of these transactions, leading to improved network efficiency overall.

Bitcoin Establishes Dominance in NFT Market, Achieving $463 Million in Sales in 4-Month Span
Bitcoin has rapidly gained ground in the NFT market, with sales reaching an impressive $463.68 million in just four months. It consistently ranks second in monthly NFT sales, showcasing its growing influence. However, Bitcoin's overall NFT sales still fall behind seven other blockchain networks.

Bitcoin Surges 80% in H1 2023, Becomes the 12th Largest Global Asset, Outperforming Major Competitors
Bitcoin (BTC) outperformed prominent assets in the first half of 2023, surpassing indices like Nasdaq and Nikkei 225, as well as commodities and currencies such as gold, the US Dollar, and the Japanese Yen. It rose by an impressive 14 positions among top assets based on market capitalization, securing the 12th spot.

Study Reveals Web3 Industry's Losses Surpass $656 Million in H1 2023
Hackers made off with around $471 million in the first half of 2023, as revealed by the Beosin Web3 report. The largest theft occurred in March, with Euler Finance losing $197 million. Contract vulnerabilities led to the most frequent attacks, resulting in losses totaling $264.1 million. The BNB Chain experienced the majority of rug-pulling incidents, resulting in a loss of digital assets valued at $53.4 million.

Danish Financial Regulator Directs Saxo Bank to Liquidate Crypto Asset Portfolio
Saxo Bank of Denmark has been directed by the Danish Financial Supervisory Authority to sell off its cryptocurrency assets. The regulator argues that the bank's crypto holdings are outside the allowable business scope for financial institutions, contravening Denmark's Financial Business Act.

Bolivian President Calls for South American Nations to Embrace Alternatives to US Dollar, Enhance Alliances with China and BRICS
Bolivia's President, Luis Alberto Arce Catacora, urges Mercosur members and associated states to distance themselves from the US dollar and strengthen alliances with organizations like BRICS. Stressing the significance of a multipolar world and non-interference, he highlights the importance of this transitional period.

Bitcoin Miners Earn Record $184M in Fees in Q2, Exceeding Total Fees of 2022
Bitcoin miners achieved a remarkable surge in earnings, amassing a record-breaking $184 million in fees during Q2 2023. This represents a substantial 270% increase compared to Q1 2023 and marks the first time quarterly earnings surpassed $100 million since Q2 2021. Coin Metrics, a cryptocurrency analytics platform, reported these findings.

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