The State of the Market: After yesterday’s dip, the cryptocurrency markets appear to have reached relative stability with the total market capitalization flattening out around $250 billion. Likewise, Bitcoin and Ethereum (ETH) have seen little price movement with respective gains of 0.7% and 1.3%. Of the top 10 coins, Stellar (XLM) and Cardano (ADA) have experienced notable gains of over 10%, likely as a result of Coinbase’s recent announcement that they were considering the addition of the two digital assets on their exchange.

1) In a recent tweet, the predominant Coinbase cryptocurrency exchange announced that they were "exploring the addition" of new digital assets. The tweet named 5 contenders: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX), (read more).

2) Just days before Trump’s meeting with President Putin, the U.S. Department of Justice (DoJ) published an indictment charging twelve Russian citizens with a cryptocurrency-funded project to interfere in the 2016 U.S. presidential elections. According to the released indictment, the interference efforts — allegedly conducted by two units of the Russian government’s Main Intelligence Directorate — were funded using Bitcoin. According to reports, the primary aim of the project was to compromise Hillary Clinton’s campaign and the broader Democratic Party’s presidential bid (read more).

3) The popular cash transfer app Square has seen 3 times more growth than its competitor, Venmo which is run by PayPal. Square, in addition to cash transfers, enabled Bitcoin trading within the app to its users, which may be partially responsible for its rapid adoption rate in recent times. Downloads of Square app year-on-year are up 150% and recently, the app obtained the permission to offer cryptocurrencies to New York residents (read more).

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