According to CMC's crypto market analysis report, the global cryptocurrency market capitalization will reach $1.17 trillion in the first half of 2023, an increase of 48%. While there was a lack of breakthroughs in the second quarter, areas such as VR/AR and artificial intelligence performed well. Memes and DeFi are the most-watched sectors, with Bitcoin remaining the most popular cryptocurrency. Decentralized public infrastructure networks, real asset transactions, liquid collateralized derivatives, zkSync, and modular blockchains are also hot topics. In addition, there have been some developments in the FTX collapse, and the approval of the Bitcoin ETF is expected to trigger increased demand from institutional investors.
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