Bitcoin declined to the level of $44550. Ethereum fell to the level of $3,200, and XRP - to $1.06. The total capitalization of the digital currency market was $2.03 trillion.
The Alonzo update was activated in the Cardano project, which for the first time allowed the deployment of Plutus smart contracts in the main network. The Alonzo update will bring long-awaited opportunities due to the integration of scripts into the blockchain. This will allow implementing smart contracts on the network and for the first time using many new scenarios for decentralized applications. At the same time, the developers noted that a lot of time will pass before the mass use of applications. They recalled that the Ethereum blockchain project launched in July 2015, the first application that gained real popularity among users, appeared only after more than two years. Against the background of a successful update, the price of the ADA token fell by more than 10%, from levels around 2.7 to 2.4 dollars. The largest financial holding company in Singapore, DBS Group, will continue to develop trading in crypto assets and plans to double the number of users of the Digital Exchange by the end of the year. The interest of institutional investors in crypto assets continues to grow, and this does not escape the attention of large financial organizations. DBS Digital Exchange is positioned as the only digital exchange in the world supported by banks, offering cryptocurrency trading, asset tokenization and custodial services. In June, DBS Bank issued digital bonds for 15 million Singapore dollars as part of the initial placement of tokens-shares through the Digital Exchange. According to the company's plans, by the end of 2022, at least six share tokens should appear in the exchange's listing, and the number of institutional investors on the site will double-up to 1000 clients. In the next three years, the number of users will grow by 20-30% annually.
The forecast expects a further decline in bitcoin to the levels of 44200, 44000 and 43000 dollars. Ethereum will decline to the levels of $ 3150, $ 3100 and $ 3000, and XRP will fall to the price values of $ 1.05, 1.03 and $ 1.