🗞 CryptoNews of the Day 🗞
Unknown On-chain Trader Scores $46 Million Profit on PEPE as Memecoin Surges: An unidentified trader has raked in a staggering $46 million in profit by investing in the Pepe (PEPE) memecoin.
👉Details: https://coinmarketcap.com/academy/article/unknown-on-chain-trader-scores-dollar46-million-profit-on-pepe-as-memecoin-surges
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Ethereum L2 Blast Finally Announces Highly Anticipated BLAST Airdrop Date: Blast, a promising Ethereum layer-2 scaling network developed by Pacman, the founder of NFT marketplace Blur, has finally unveiled the launch date.
👉Details: https://coinmarketcap.com/academy/article/ethereum-l2-blast-finally-announces-highly-anticipated-blast-airdrop-date
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Bitcoin Price Surges Following Lower-Than-Expected CPI Data, Positive ETF Flows: Bitcoin (BTC) experienced a rally, reaching $66,190 and gaining over 7.5% in the past 24 hours.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-price-surges-following-lower-than-expected-cpi-data-positive-etf-flows
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Vitalik Buterin Proposes New Gas Model for Ethereum Transaction Call Data: Vitalik Buterin, the co-founder of Ethereum, has introduced a new Ethereum Improvement Protocol (EIP-7706) that focuses on a revised gas model for transaction call data.
👉Details: https://coinmarketcap.com/academy/article/vitalik-buterin-proposes-new-gas-model-for-ethereum-transaction-call-data
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Paradigm Introduces Block Trading Facility for MATIC, SOL, XRP Options on Deribit: Paradigm, a prominent over-the-counter (OTC) liquidity network in the crypto industry, unveiled a new block trading feature on Deribit, a leading derivatives exchange.
👉Details: https://coinmarketcap.com/academy/article/paradigm-introduces-block-trading-facility-for-matic-sol-xrp-options-on-deribit
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Odds of Ethereum Spot ETF Approval Are “Slim to None,” Says Bloomberg Analyst: The crypto world anxiously awaits the U.S. Securities and Exchange Commission's (SEC) pivotal ruling on the approval of a spot Ethereum ETF, scheduled for May 31st.
👉Details: https://coinmarketcap.com/academy/article/odds-of-ethereum-spot-etf-approval-are-slim-to-none-says-bloomberg-analyst
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Chinese Authorities Bust $295M Underground Cryptocurrency Exchange: Chinese authorities have cracked down on an underground bank involved in illegal currency exchange operations between the Chinese yuan and the South Korean won.
👉Details: https://coinmarketcap.com/academy/article/chinese-authorities-bust-dollar295m-underground-cryptocurrency-exchange
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North Korean Hackers Deploy New Malware "Durian" to Target South Korean Crypto Firms: A recent report from cybersecurity firm Kaspersky reveals that North Korean hackers, specifically the Kimsuky group, have been using a new and notable malware variant named "Durian".
👉Details: https://coinmarketcap.com/academy/article/north-korean-hackers-deploy-new-malware-durian-to-target-south-korean-crypto-firms
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Bitcoin Options Data Indicates Expectations of Price Surge Towards Highs by End June: Recent options data from Binance has revealed a concentration of open interest in bitcoin options at a strike price of $75,000 for the end-of-June expiry.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-options-data-indicates-expectations-of-price-surge-towards-highs-by-end-june
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Lightning Labs Conducts Successful Tests Enabling Stablecoins on Bitcoin Blockchain: Lightning Labs, the developer behind Bitcoin's Lightning Network, has conducted successful tests of a protocol aimed at enabling stablecoins to be issued on the Bitcoin blockchain.
👉Details: https://coinmarketcap.com/academy/article/lightning-labs-conducts-successful-tests-enabling-stablecoins-on-bitcoin-blockchain
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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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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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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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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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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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Floki Inu Surges 17% Following Roaring Kitty's Return Which Saw GME Stock Surge: Memecoins are experiencing a surge once again following the reappearance of Roaring Kitty, a notorious meme influencer.
👉Details: https://coinmarketcap.com/academy/article/floki-inu-surges-17percent-following-roaring-kittys-return-which-saw-gme-stock-surge
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Ethereum Struggles to Keep Pace with Crypto Market Rally Despite Positive US Economic Data: On May 15, the cryptocurrency market experienced a surge in total capitalization by 5.5% following the release of inflation and retail sales data from the United States.
👉Details: https://coinmarketcap.com/academy/article/ethereum-struggles-to-keep-pace-with-crypto-market-rally-despite-positive-us-economic-data
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Coinbase Faces Major Outage, Users Still Experience Technical Issues: Coinbase, the world's second-largest cryptocurrency exchange in terms of trading volume, encountered a significant outage on May 14, disrupting its services for several hours.
👉Details: https://coinmarketcap.com/academy/article/coinbase-faces-major-outage-users-still-experience-technical-issues
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Tether Freezes $5.2M USDT in Response to Phishing Scamst: Stablecoin issuer Tether has taken action by freezing $5.2 million worth of its stablecoin, Tether (USDT), following its connection to phishing scams.
👉Details: https://coinmarketcap.com/academy/article/tether-freezes-dollar52m-usdt-in-response-to-phishing-scams
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Philippine Peso-Backed Stablecoin, PHPC, Granted Approval for Pilot by Central Bank: Coins.ph, a digital currency exchange based in the Philippines, has received approval from the country's central bank to conduct a pilot program for its Philippine Peso-backed stablecoin.
👉Details: https://coinmarketcap.com/academy/article/philippine-peso-backed-stablecoin-phpc-granted-approval-for-pilot-by-central-bank
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US Spot Bitcoin ETFs Regain Net Inflow of $116M After One Month of Outflows: Spot Bitcoin ETFs in the United States experienced a turnaround as net inflows of $116.8 million were recorded last week, following four consecutive weeks of outflows exceeding $1 billion.
👉Details: https://coinmarketcap.com/academy/article/us-spot-bitcoin-etfs-regain-net-inflow-of-dollar116m-after-one-month-of-outflows
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El Salvador Launches Real-Time Bitcoin Treasury Tracker, Holding $360 Million Worth of BTC: El Salvador has introduced a proof-of-reserves website that offers tools for monitoring the country's Bitcoin holdings using on-chain data.
👉Details: https://coinmarketcap.com/academy/article/el-salvador-launches-real-time-bitcoin-treasury-tracker-holding-dollar360-million-worth-of-btc
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Bitcoin Price Touches $63,000 Ahead of US Inflation Reading: Bitcoin (BTC) gained 2.80% over the past 24 hours, touching $63,098, ahead of the release of United States macroeconomic data this week.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-price-touches-dollar63000-ahead-of-us-inflation-reading
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Bitcoin’s Runes Protocol Witnesses Declining Activity and Fee Revenue: The Runes protocol, known for enabling the creation of fungible tokens on the Bitcoin blockchain, has experienced a significant decrease in activity since its initial week of trading.
👉Details: https://coinmarketcap.com/academy/article/bitcoins-runes-protocol-witnesses-declining-activity-and-fee-revenue
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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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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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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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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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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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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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