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CoinMarketCap Announcements

🗞 CryptoNews of the Day 🗞

Wells Fargo Ventures into Crypto with Bitcoin ETF Investments: Wells Fargo, one of the prominent banking institutions in the United States, has revealed its foray into the world of cryptocurrencies.

👉Details: https://coinmarketcap.com/academy/article/wells-fargo-ventures-into-crypto-with-bitcoin-etf-investments

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🗞 CryptoNews of the Day 🗞

Standard Chartered: Trump's Potential Re-Election Could Benefit Bitcoin: A research note released by Standard Chartered suggests that if Donald Trump secures a second term as the President of the United States in November.

👉Details: https://coinmarketcap.com/academy/article/standard-chartered-trumps-potential-re-election-could-benefit-bitcoin

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🗞 CryptoNews of the Day 🗞

Starknet Foundation Launches $5 Million Grant Program: The Starknet Foundation has unveiled a new grant program aimed at supporting new projects on Starknet.

👉Details: https://coinmarketcap.com/academy/article/starknet-foundation-launches-dollar5-million-grant-program

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🗞 CryptoNews of the Day 🗞

Bitfinex CTO Paolo Ardoino Dismisses Claims of Database Hack as Fake: Bitfinex, a prominent cryptocurrency exchange, has refuted the claims made by hacking group Fsociety.

👉Details: https://coinmarketcap.com/academy/article/bitfinex-cto-paolo-ardoino-dismisses-claims-of-database-hack-as-fake

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🗞 CryptoNews of the Day 🗞

Federal Reserve Holds Key Interest Rate Steady Amid Inflation Concerns, Bitcoin Remains Flat: The Federal Reserve opted to maintain its key interest rate amid inflationary pressures.

👉Details: https://coinmarketcap.com/academy/article/federal-reserve-holds-key-interest-rate-steady-amid-inflation-concerns-bitcoin-remains-flat

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🗞 CryptoNews of the Day 🗞

Fantom Foundation Launches $6.5 Million Prize Pool to Incentivize “Safer Memecoins”: In a bid to tap into the booming $50 billion memecoin sector, Fantom, a layer-1 blockchain network, is taking steps to establish a safer environment for memecoin projects.

👉Details: https://coinmarketcap.com/academy/article/fantom-foundation-launches-dollar65-million-prize-pool-to-incentivize-safer-memecoins

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🗞 CryptoNews of the Day 🗞

Tether Holdings Reports Record-Setting $4.52B Profit in Q1 2024, Discloses Net Equity for the First Time: Tether Holdings, the issuer of the leading stablecoin by market capitalization, Tether (USDT), has announced a record-breaking net profit of $4.52 billion in the first quarter of 2024.

👉Details: https://coinmarketcap.com/academy/article/tether-holdings-reports-record-setting-dollar452b-profit-in-q1-2024-discloses-net-equity-for-the-first-time

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🗞 CryptoNews of the Day 🗞

Santiment: Ethereum Gas Fees Hit a Six-Month Low, Could Signal an Altcoin Rally: Gas fees on the Ethereum network have dropped to their lowest levels in six months, despite a slight rally in the price of ETH over the weekend.

👉Details: https://coinmarketcap.com/academy/article/santiment-ethereum-gas-fees-hit-a-six-month-low-could-signal-an-altcoin-rally

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🗞 CryptoNews of the Day 🗞

Stripe Enables Merchants To Accept USDC Payments on Ethereum, Solana and Polygon: Payments giant Stripe has announced its return to the cryptocurrency space.

👉Details: https://coinmarketcap.com/academy/article/stripe-enables-merchants-to-accept-usdc-payments-on-ethereum-solana-and-polygon

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🗞 CryptoNews of the Day 🗞

Traditional Financial Institutions Embrace Tokenization on Public Blockchains: Traditional financial institutions are increasingly interested in tokenizing assets on public blockchains, according to Celisa Morin.

👉Details: https://coinmarketcap.com/academy/article/traditional-financial-institutions-embrace-tokenization-on-public-blockchains

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🗞 CryptoNews of the Day 🗞

Solana Validators Approve Proposal To Enhance Transaction Speeds on the Blockchain: In a move aimed at accelerating transaction processing on the Solana blockchain, validators have voted in favor of a proposal that aims to reduce the latency of consensus "votes."

👉Details: https://coinmarketcap.com/academy/article/solana-validators-approve-proposal-to-enhance-transaction-speeds-on-the-blockchain

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✨ CMC Weekly Listings ✨

Here are the 10 latest projects making their debut on CMC.

Check out the full list of new listings here: https://coinmarketcap.com/new

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🗞 CryptoNews of the Day 🗞

dYdX Community Votes to Stake $61M Worth of DYDX Tokens, Strengthening Security: The dYdX community has approved a proposal to stake 20 million DYDX tokens, enhancing security measures and protecting against potential control attacks.

👉Details: https://coinmarketcap.com/academy/article/dydx-community-votes-to-stake-dollar61m-worth-of-dydx-tokens-strengthening-security

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🗞 CryptoNews of the Day 🗞

Do Kwon Found Liable for Fraud Charges in Landmark SEC Verdict: A jury in New York has found Terra founder Do Kwon responsible for civil fraud charges.

👉Details: https://coinmarketcap.com/academy/article/do-kwon-found-liable-for-fraud-charges-in-landmark-sec-verdict

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Congratulations to the winners of Season-1 of @KillerWhalesTV!

🥇 Ape Water
🥇 CATBOTICA
🥇 Wallet Guard
🥇 Phantom Galaxies
🥇 Netvrk Official

Think your Web3 project can SWIM among these winners? Get ready to apply as Season-2 is happening very soon!

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CoinMarketCap Announcements

🗞 CryptoNews of the Day 🗞

Crypto Market Sees Lackluster Performance as Bitcoin Struggles to Regain Momentum: In what has been a rather uneventful week for the crypto market, most cryptocurrencies experienced a downward trend.

👉Details: https://coinmarketcap.com/academy/article/crypto-market-sees-lackluster-performance-as-bitcoin-struggles-to-regain-momentum

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🗞 CryptoNews of the Day 🗞

Volatility Risk Premium Indicates Potential Stability for Bitcoin Post-Halving: A new indicator called the volatility risk premium (VRP) is indicating a period of low volatility in the market.

👉Details: https://coinmarketcap.com/academy/article/volatility-risk-premium-indicates-potential-stability-for-bitcoin-post-halving

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🗞 CryptoNews of the Day 🗞

Ethena Labs Partners with Bybit to Enhance USDe as Collateral and Spot Trading: Ethena Labs, a leading provider of synthetic assets, has announced a strategic partnership with Bybit, a prominent cryptocurrency exchange.

👉Details: https://coinmarketcap.com/academy/article/ethena-labs-partners-with-bybit-to-enhance-usde-as-collateral-and-spot-trading

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🗞 CryptoNews of the Day 🗞

Eigen Foundation Expands EIGEN Token Allocation by $280M To Address Concerns: In response to community criticism and to boost accessibility for early adopters, Eigen Foundation has announced that it will allocate an additional 100 EIGEN tokens.

👉Details: https://coinmarketcap.com/academy/article/eigen-foundation-expands-eigen-token-allocation-by-dollar280m-to-address-concerns

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🗞 CryptoNews of the Day 🗞

LayerZero Labs Completes Initial Snapshot for Potential Airdrop: LayerZero Labs, the company behind a groundbreaking cross-chain communication protocol, has recently completed an initial snapshot.

👉Details: https://coinmarketcap.com/academy/article/layerzero-labs-completes-initial-snapshot-for-potential-airdrop

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🗞 CryptoNews of the Day 🗞

Chainlink and Rapid Addition Collaborate To Develop Adapter for Institutional Digital Asset Trading: Blockchain oracle project Chainlink and FIX connectivity solutions provider Rapid Addition are teaming up to create a FIX-native adapter.

👉Details: https://coinmarketcap.com/academy/article/chainlink-and-rapid-addition-collaborate-to-develop-adapter-for-institutional-digital-asset-trading

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🗞 CryptoNews of the Day 🗞

Safe (SAFE) Price Decline Sharply Following Unlocking of Transferability: Safe (SAFE) tokens witnessed a sharp decline of 42% in price, dropping from $3.26 to $1.88 since the token contract's transferability was unlocked on April 23.

👉Details: https://coinmarketcap.com/academy/article/safe-safe-price-decline-sharply-following-unlocking-of-transferability

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🗞 CryptoNews of the Day 🗞

Investor Pulled $218M from Bitcoin ETFs as US Economic Growth Slows: After months of continuous inflows, the surge of cash pouring into Bitcoin exchange-traded funds (ETFs) has come to a halt.

👉Details: https://coinmarketcap.com/academy/article/investor-pulled-dollar218m-from-bitcoin-etfs-as-us-economic-growth-slows

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🗞 CryptoNews of the Day 🗞

Privacy Protocol Railgun Dismisses North Korea Laundering Claims: Railgun, a crypto privacy protocol, has denied allegations that it has been utilized by North Korea’s Lazarus Group for the purpose of cryptocurrency laundering.

👉Details: https://coinmarketcap.com/academy/article/privacy-protocol-railgun-dismisses-north-korea-laundering-claims

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🗞 CryptoNews of the Day 🗞

Ethena Labs Partners with Major Exchanges’ Web3 Wallets To Boost USDe Rewards: Ethena Labs has announced the integration of its platform with centralized exchange wallets on Binance, Bybit, OKX, and Bitget

👉Details: https://coinmarketcap.com/academy/article/ethena-labs-partners-with-major-exchanges-web3-wallets-to-boost-usde-rewards

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🗞 CryptoNews of the Day 🗞

Bitcoin Investment Inflows Expected to Slow Down, CoinShares Report Suggests: In a recent report, digital asset fund manager CoinShares highlighted that the influx of cash into cryptocurrency funds, which has been driving up Bitcoin's price, may start to taper off.

👉Details: https://coinmarketcap.com/academy/article/bitcoin-investment-inflows-expected-to-slow-down-coinshares-report-suggests

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🗞 CryptoNews of the Day 🗞

Aave Considers Fee Distribution Activation with "Fee Switch" Proposal: Leading decentralized lending platform Aave, are holding discussions regarding the activation of a "fee switch" to distribute fees to token holders.

👉Details: https://coinmarketcap.com/academy/article/aave-considers-fee-distribution-activation-with-fee-switch-proposal

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🗞 CryptoNews of the Day 🗞

Coinbase's Layer-2 Blockchain Base Network Surpasses $4 Billion TVL: Base, the Ethereum layer-2 blockchain developed by leading US crypto exchange Coinbase, has experienced a remarkable surge in its total value locked (TVL).

👉Details: https://coinmarketcap.com/academy/article/coinbases-layer-2-blockchain-base-network-surpasses-dollar4-billion-tvl

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🗞 CryptoNews of the Day 🗞

Bankrupt Crypto Lender Genesis Sells 36 Million GBTC Shares To Acquire BTC and Settle Debts: Genesis, a bankrupt cryptocurrency lending firm, has reportedly sold 36 million shares of the Grayscale Bitcoin Trust (GBTC).

👉Details: https://coinmarketcap.com/academy/article/bankrupt-crypto-lender-genesis-sells-36-million-gbtc-shares-to-acquire-btc-and-settle-debts

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🗞 CryptoNews of the Day 🗞

European DeFi Protocols Face Potential Regulatory Evaluation by EU Commission: Decentralized finance (DeFi) protocols operating in Europe may soon face new regulations.

👉Details: https://coinmarketcap.com/academy/article/european-defi-protocols-face-potential-regulatory-evaluation-by-eu-commission

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