🗞 CryptoNews of the Day 🗞
LayerZero Labs Pauses Sybil Reporting “Warzone” for Highly Anticipated Airdrop: LayerZero Labs, the company behind blockchain interoperability protocol LayerZero, is striving to establish a fair and seamless airdrop experience by tackling the issue of Sybil activity.
👉Details: https://coinmarketcap.com/academy/article/layerzero-labs-pauses-sybil-reporting-warzone-for-highly-anticipated-airdrop
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XRP Ledger Transaction Volume Soars and Transaction Costs Plummet in Q1 2024: According to Ripple's Q1 2024 XRP Markets Report, the number of transactions on the XRP Ledger (XRPL) more than doubled.
👉Details: https://coinmarketcap.com/academy/article/xrp-ledger-transaction-volume-soars-and-transaction-costs-plummet-in-q1-2024
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Bitcoin Price Holds Firm Above Key Support Level at $66K: The price of Bitcoin (BTC) has solidified its position above the crucial support level of $66,000, leading some crypto traders to express confidence and optimism about BTC.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-price-holds-firm-above-key-support-level-at-dollar66k
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Tether Partners With TON To Bring USDT-to-Fiat Transactions Using Oobit Mobile App: Oobit, a mobile payment app, is set to streamline transactions involving Tether's USDT and Tether Gold (XAUt) on The Open Network (TON).
👉Details: https://coinmarketcap.com/academy/article/tether-partners-with-ton-to-bring-usdt-to-fiat-transactions-using-oobit-mobile-app
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TON Network’s Notcoin Sees Over $1B in Trading Volume, Biggest Gaming Token Launch This Year: Notcoin has finally introduced its NOT token on the Telegram-based The Open Network (TON).
👉Details: https://coinmarketcap.com/academy/article/ton-networks-notcoin-sees-over-dollar1b-in-trading-volume-biggest-gaming-token-launch-this-year
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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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Ethereum Price Surges Above $3K Mark Amidst Unforeseen Court Ruling: Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experienced a notable price rally over the past 7 days.
👉Details: https://coinmarketcap.com/academy/article/ethereum-price-surges-above-dollar3k-mark-amidst-unforeseen-court-ruling
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Solana Wallet Phantom Surges to Third Place on Apple App Store’s Utility Category: Phantom Wallet, a popular cryptocurrency wallet, has recently climbed to the third position in the utility category on the Apple App Store.
👉Details: https://coinmarketcap.com/academy/article/solana-wallet-phantom-surges-to-third-place-on-apple-app-stores-utility-category
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Over 600 Financial Institutions Reveal Billions Invested in US Spot Bitcoin ETFs: More than 600 firms have unveiled substantial investments in spot Bitcoin exchange-traded funds (ETFs) in their 13F filings.
👉Details: https://coinmarketcap.com/academy/article/over-600-financial-institutions-reveal-billions-invested-in-us-spot-bitcoin-etfs
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Popular Solana Memecoin Launcher Pump.fun Suffers $2M Flash Loan Exploit: Pump.fun, a platform built on the Solana blockchain for streamlined token launches, has fallen victim to an apparent exploit resulting in significant losses.
👉Details: https://coinmarketcap.com/academy/article/popular-solana-memecoin-launcher-pumpfun-suffers-dollar2m-flash-loan-exploit
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Bitcoin Derivatives Traders Sees Short-Term Correction in BTC Despite Softer Inflation: CF Benchmarks' analysis of options on Bitcoin (BTC) futures traded on the Chicago Mercantile Exchange (CME) reveals that investors are still willing to pay a premium.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-derivatives-traders-sees-short-term-correction-in-btc-despite-softer-inflation
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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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