🗞 CryptoNews of the Day 🗞
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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🗞 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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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 🗞
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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🗞 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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