Blockchain technology is gaining popularity in Africa as it has the potential to solve unique challenges in the continent. Blockchain funding companies are providing substantial financial backing, leading to a 430% increase in funding for blockchain ventures in Africa from $89.6 million in 2021 to $474 million in 2022. The African Blockchain Report 2022 highlights the top 10 blockchain funding companies in Africa, including Coinbase Ventures, The Baobab Network, Digital Currency Group, and Block Ventures, which are fostering innovation and growth in the region's blockchain sector. Despite regulatory obstacles, venture capital firms such as Digital Currency Group, Block Ventures, and Pantera Capital have invested in African cryptocurrency companies, and the adoption rate of Bitcoin in Africa is growing faster than anywhere else in the world. Effective regulation will be crucial to the future of blockchain technology in Africa, and funding companies will play a pivotal role in its development and deployment.

The native cryptocurrency of Volt Inu, VOLT, has been listed on KuCoin, a top-tier centralized exchange, making it more accessible to the general public. Trading of VOLT started in pairs with the U.S. Dollar Tether (USDT) on June 2, 2023, and deposits are open for both Ethereum (ETH) and BNB Chain (BSC) blockchains. VOLT is a backbone element of the true deflationary model and revenue-generating system of the Volt Inu ecosystem, which includes various services fueled by the disruptive power of VOLT cryptocurrency, such as Voltichange, Volted Racer, and VoltIsland. The team of Volt Inu is excited by the listing announcement and highlights that in the first 24 hours after KuCoin's debut, the token jumped to the top 100 of crypto assets by trading volume.

Binance's BNB cryptocurrency experienced a nearly 10% drop following the SEC's lawsuit alleging illegal operations in the US, marking the largest one-day drop this year. The SEC claims that Binance and its founder misused customer funds and conducted manipulative trading to inflate trading volume. Other cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, also saw a decrease in value on Monday. Forbes reported that Binance engaged in backroom asset shuffling and moved $1.8 billion to hedge funds without informing customers that the tokens were not fully backed, similar to actions taken by bankrupt crypto company FTX. Other crypto firms, such as FTX and Coinbase, are also facing allegations from US authorities.

The SEC has filed a lawsuit against Binance and its CEO for allegedly lying to regulators about operations and conducting unregistered offers and sales of securities to US investors. The agency's stance on certain crypto assets being securities has caused a stir in the industry. The SEC considers Binance's BNB and BUSD tokens, as well as other assets traded on the exchange, to be securities offered as investment contracts. The filing includes 53 pages of context on 12 specific crypto assets, highlighting the SEC's stance that most cryptocurrencies (excluding Bitcoin) are securities.

The virtual reality sector of cryptocurrency has experienced a surge of over 7.9% in the past 24 hours, as investors anticipate Apple's upcoming VR headset reveal. Apple's share price has also risen by 7.4% in the past two weeks, coinciding with the rise in virtual reality and metaverse crypto tokens. Despite the wider crypto market shedding 1.5% of its value over the past 24 hours, Decentraland (MANA) and Wilder World (WILD) have both seen gains, with WILD soaring by 18.8% in the past 24 hours. The metaverse sector has recently experienced a bounce, with a total of $905 million in trading volume exercised on metaverse tokens over the past 24 hours and an overall market cap of $8.65 billion.

Binance's cryptocurrency, BNB, suffered a 8.74% decline to reach a two-month low of $278.55 following the Securities and Exchange Commission's (SEC) legal action against the exchange for allegedly conducting an illegal operation in the US. This is the largest one-day drop for BNB this year, as US regulators continue to clamp down on crypto firms. The SEC claims that Binance and its founder misused customers' funds and engaged in manipulative trading. Binance, a major cryptocurrency exchange, is being sued by the SEC for violating several US regulations, including allowing American users to trade on its unregistered platform and engaging in backroom asset shuffling without informing customers. Forbes also reported that Binance withdrew from a non-binding agreement to acquire FTX's non-US operations after the company's collapse.

According to data from Kaiko, South Korean crypto traders are not necessarily Bitcoin or Ethereum maximalists, but rather XRP maximalists. In fact, XRP is the most popular cryptocurrency in South Korea after Bitcoin, accounting for 12% of non-BTC and ETH volume.

Zero-knowledge proofs (ZKs) are gaining popularity in the cryptocurrency world, as they allow individuals to prove knowledge without revealing it, which is useful for maintaining privacy in banking and employment.

The official Twitter account of FLOKI, a popular cryptocurrency, has issued a warning to its followers about the prevalence of fake airdrop messages and videos circulating on social media. According to the tweet, scammers are attempting to trick unsuspecting users into connecting their wallets to fraudulent websites, promising free FLOKI tokens.

Online search interest for "crypto" and other common cryptocurrency terms has fallen to levels last seen in late 2020 after a two-month-long lull in cryptocurrency optimism, according to data from Google Trends. Bitcoin and Ethereum have followed a similar downward trajectory, with search interest in a consistent decline since May 2022. The fall in interest coincides with lower trading volumes on exchanges, which reached a 32-month low last month, and a lack of institutional excitement, according to Galaxy Digital CEO Mike Novogratz. However, search volumes for "decentralized finance" and "defi" have increased in 2023, while Nigeria holds the highest score for most crypto-related searches.