{"id":8313,"date":"2021-06-16T06:21:10","date_gmt":"2021-06-16T06:21:10","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/?p=8313"},"modified":"2021-06-16T06:21:10","modified_gmt":"2021-06-16T06:21:10","slug":"daily-crypto-news-16-june-2021","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/daily-crypto-news-16-june-2021\/","title":{"rendered":"Daily Crypto News 16 June 2021"},"content":{"rendered":"<ul>\n<li>\n<h3><b>Bitcoin price hits $41K<\/b><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">A breakout above $41,000 provoked selling near a key moving average but the move could just be a lower support retest. The overall mood of the cryptocurrency ecosystem is muted on June 15 with most altcoins trading flat while <\/span><a href=\"https:\/\/trade.buyucoin.com\/direct-buy-sell-bitcoin?market=btc-inr\"><span style=\"font-weight: 400\">Bitcoin (BTC)<\/span><\/a><span style=\"font-weight: 400\"> bulls look for a daily close above $41,000 as a sign that the market could be shifting in favour of bulls.<\/span><\/p>\n<h3><b>As Yearn. Finance\u2019s yield vaults grow, \u2018crop\u2019 projects define boundaries<\/b><\/h3>\n<p><span style=\"font-weight: 400\">In the past week, team members from the no-loss lottery project PoolTogether and exchange liquidity pool provider Curve Finance have proposed ways to reduce the load <\/span><a href=\"https:\/\/trade.buyucoin.com\/direct-buy-sell-yearn.finance?market=yfi-inr\"><span style=\"font-weight: 400\">Yearn. Finance<\/span><\/a><span style=\"font-weight: 400\"> strategies place on their protocols and governance tokens. He also noted that \u201cYearn keeps 10% of all the POOL tokens it accrues\u201d and that POOL emissions were cut 50% late last month.<\/span><\/p>\n<h3><b>Nearly 1% Of Bitcoin Supply Is Now Wrapped In Ethereum<\/b><\/h3>\n<p><span style=\"font-weight: 400\">As wrapped Bitcoin approaches 189,000 BTC, the leading form of BTC on <\/span><a href=\"https:\/\/trade.buyucoin.com\/direct-buy-sell-ethereum?market=eth-inr\"><span style=\"font-weight: 400\">Ethereum<\/span><\/a><span style=\"font-weight: 400\"> now makes up for nearly 1% of the total supply of the cryptocurrency. The total supply of WBTC was only around 4,000 coins last June, and today it is 47 times that. The gigantic growth has made the token the most popular form of Bitcoin on the Ethereum blockchain.<\/span><\/p>\n<h3><b>$SHIB Surges 26% Following News That It Is Coming to Coinbase Pro<\/b><\/h3>\n<p><span style=\"font-weight: 400\">On Tuesday (June 15), Coinbase announced that dog meme-based cryptocurrency <\/span><a href=\"https:\/\/trade.buyucoin.com\/direct-buy-sell-shiba?market=shib-inr\"><span style=\"font-weight: 400\">SHIBA Token ($SHIB)<\/span><\/a><span style=\"font-weight: 400\"> will soon be listed on Coinbase Pro, its trading platform for experienced and professional traders. Shiba Inu (SHIB) is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular meme coin.\u00a0<\/span><\/p>\n<h3><b>Cardano surpasses Coinbase, Roblox in market cap, trails Vodafone by $0.9B<\/b><\/h3>\n<p><span style=\"font-weight: 400\">The recent rise in <\/span><a href=\"https:\/\/trade.buyucoin.com\/direct-buy-sell-cardano?market=ada-inr\"><span style=\"font-weight: 400\">Cardano\u2019s (ADA)<\/span><\/a><span style=\"font-weight: 400\"> popularity is has led the asset to register a significant market capitalization partly matching up and surpassing some traditional asset classes. Data acquired by Finbold indicates ADA market capitalization of $50.42 billion as of June 15th, 2021, is higher than Coinbase\u2019s $49.43 billion.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price hits $41K A breakout above $41,000 provoked selling near a key moving average but the move could just be a lower support retest. The overall mood of the cryptocurrency ecosystem is muted on June 15 with most altcoins trading flat while Bitcoin (BTC) bulls look for a daily close above $41,000 as a&hellip;<\/p>\n","protected":false},"author":11,"featured_media":8315,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[1056,1057,1058,945,1055],"class_list":["post-8313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-crypto-news","tag-shib-surges-26","tag-bitcoin-price-hits","tag-cardano-surpasses-coinbase","tag-daily-report","tag-finances-yield-vaults-grow"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8313"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8313"}],"version-history":[{"count":1,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8313\/revisions"}],"predecessor-version":[{"id":8314,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8313\/revisions\/8314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8315"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}