The State of the Market: Today, the overall cryptocurrency market capitalization fell to just $235 billion — its lowest level since November 2017. The new low is a drastic departure from the $830 billion market capitalization that was observed following the steep December 2017 — January 2018 run-up. As is often the case when the overall cryptocurrency market is in decline, Bitcoin dominance — currently sitting at 43% — has continued to rise and is steadily approaching its 2018 high of 45%.

1) According to a report by PwC, a staggering $13.4 billion has been raised in Initial Coin Offerings among 537 companies in the first five months of 2018. This figure marks a dramatic increase from last year’s $7 billion. The report also found that Singapore was a hotbed for high-profile ICOs. (read more).

2) The Ethereum Enterprise Alliance (EEA) has seen broad adoption by Fortune 500 companies, startups, academics, and technology vendors. Today, the EEA introduced 74 new members including eBay and Foxconn (read more).

3) Today, Coinbase will officially close its GDAX exchange to make way for Coinbase Pro. The new platform, which rests on the existing GDAX trading engine, boasts an updated interface “designed with the needs of the active trader in mind” (read more).

Download Berminal for free: App Store and Google Play Store!

The Berminal Website: Berminal.com

Berminal Official Telegram: https://t.me/berminal

Berminal Twitter: https://twitter.com/berminalapp