steemit update 2nd July 2024

As of today, Steemit has made several notable updates and announcements. The platform has appointed a new Vice President, Mitchell Loureiro, who aims to shift Steemit's focus from being purely crypto-centric to becoming a more mainstream social media platform. This move is part of a broader strategy to leverage community-driven growth and create numerous sub-communities to enhance the platform's reach and impact​ (Cointelegraph)​.

Steemit also recently overcame a significant technical issue where the blockchain halted due to a bug in the curation rewards curve. The Steemit team quickly addressed this by developing a patch, ensuring the platform is now fully operational again​ (Cointelegraph)​.

Regarding market performance, the current price of Steem (STEEM) is approximately $0.196, with a 24-hour trading volume of around $1.19 million​ (WorldCoinIndex)​.

These updates highlight Steemit's efforts to stabilize its operations and expand its user base beyond the cryptocurrency community.