Monero Not Spared, Drops 11% Despite Plans For This Gamechanging Privacy Feature
Monero's native currency, XMR, has experienced an 11% decline from recent highs, continuing losses from June 2024. The downturn follows compliance-related delistings by exchanges like Binance. Despite this, the Monero community remains optimistic, with developers announcing a pull request to integrate Full-Chain Membership Proofs (FCMP++), enhancing transaction privacy. This new feature improves anonymity by increasing the anonymity set from 16 to 100 million, complicating transaction tracing for third parties. The FCMP++ integration is still under review to ensure code integrity. Monero developers are committed to maintaining privacy standards despite exchange pressures. Additionally, a new user interface for Trezor wallet users, named "Fluorine Fermi," has been released, supporting Trezor Safe 5.
