Toncoin (TON), the cryptocurrency associated with Telegram, reached a new all-time high of $7.11, surpassing Cardano (ADA) in market capitalization and currently trading at $6.49, with analysts observing a consolidation period between $6.50 and $6.75.
Polkadot has selected IndyCar racing star Conor Daly as a brand ambassador for the Indianapolis 500, following a community vote on the Polk Assembly website, with the sponsorship deal worth around $2.1 million.
Controversy surrounds rising NFT card game Parallel as popular Hearthstone streamer Thijs joins as an ambassador, with gamers divided over the benefits and motives of crypto gaming.
Studio369 has launched the closed beta test for its Ethereum-based mech shooter game MetalCore on the Immutable zkEVM scaling network, making it the first playable title on the network and introducing features such as the Barony system and advanced customization, with MetalCore's native token, MCG, playing a crucial role in the game's economy and progression.
Famed DJ Marshmello has threatened legal action over a stunt involving a fake Marshmello at the NFT NYC conference, where a Tesla Cybertruck blared tunes to promote a meme coin. The crypto community has expressed mixed reactions, with some finding it amusing and others criticizing the deceptive practice. The person behind the stunt claims it was not intended to pump a coin but rather get attention from Elon Musk. Marshmello's legal action has not yet materialized.
The CEO of VanEck believes that transaction fees should be the focus of the cryptocurrency industry, rather than Bitcoin and Ethereum, as cheaper and more predictable fees on platforms like Solana will enable the development of more useful applications.
Shiba Inu's price is showing signs of a potential rally, with a symmetrical triangle pattern forming and bullish market cues, such as receding bearishness in the MACD indicator; however, a bullish trigger is needed for the price to reach new highs and break through resistances.
Bitcoin mining companies anticipate the upcoming halving event to impact revenue and mining costs, resulting in a decrease in network hash rate while providing opportunities for low-cost miners to benefit and scale through the downturn.
The U.S. Securities and Exchange Commission (SEC) has extended the review period for allowing spot Bitcoin ETFs options to trade on the New York Stock Exchange by another 45 days to the end of May, further damaging the agency's reputation and credibility, according to experts.
Transactions for Shiba Inu's cryptocurrency SHIB have increased despite a price dip, with significant upgrades and burns of the token suggesting bullish investor sentiment.
Bitcoin experienced a sharp decline below $69,000 while altcoins also saw losses as pre-halving volatility continued to dominate the crypto market, with investors waiting for the Consumer Price Index report to gauge the direction of U.S. interest rates.
Bitcoin's upcoming halving, which will reduce its inflationary rate by 50%, has sparked debates among experts regarding its potential impact on the price, with some predicting a price boost while others expect minimal effect.
Solana is leading the payments race in the cryptocurrency market, with its blockchain accounting for the highest share of stablecoins transferred compared to Ethereum, although scalability remains a challenge, according to a report by AllianceBernstein.
Christie's auction house is venturing further into the world of NFTs by holding its first auction of inscriptions, showcasing the potential staying power of these blockchain-based tokens, which allow direct data inscription on-chain and offer greater ownership security compared to traditional NFTs stored on external servers.
Benchmark analyst Mark Palmer expects Bitcoin's value to reach $150,000 by the end of 2025, and he believes that MicroStrategy (NASDAQ:MSTR) is well-positioned to benefit from the upcoming Bitcoin halving, with a price target of $1,875 for MSTR shares.
EigenLayer, a "restaking" service for Ethereum, has officially launched on the blockchain's mainnet, allowing users to borrow Ethereum's security and restake it with a larger pool of ETH in exchange for extra interest. The launch includes the release of EigenDA, a data-availability service, and EigenLayer aims to secure auxiliary networks while competing with similar protocols like Celestia. However, the initial launch will have a restricted feature set, and in-protocol payments and slashing functions will be introduced later this year.
Crypto trader Inmortal is bullish on Constellation (DAG) due to its market structure, and also sees potential in Ethereum and Bitcoin based on technical analysis.
Metaplanet, an investment firm trading on the Tokyo Stock Exchange, has announced its adoption of Bitcoin as its core treasury reserve asset, resulting in a nearly doubled stock price and comparisons to MicroStrategy.
Prominent blockchain figure Steven Nerayoff is suing the US government for $10 billion, claiming false accusations and mistreatment by federal agents in a 2019 extortion case.
The SEC is unlikely to approve a spot Ethereum exchange-traded fund (ETF) anytime soon, according to issuers of spot Bitcoin ETFs, despite speculation following the approval of Bitcoin ETF applications.
Cryptocurrency trader Avi Eisenberg's $110 million trade on Mango Markets is at the center of a commodities manipulation and fraud trial, with federal prosecutors alleging fraud while Eisenberg's defense argues that it was a legitimate windfall in the unregulated world of crypto.
Monad Labs, the firm behind the layer-1 network Monad, raised $225 million in funding from a round led by Paradigm, showing confidence in its potential as an alternative to Ethereum and Solana for decentralized finance.
Bitcoin and ether faced a 4% drop, while SOL and DOGE experienced a 6%-7% decline, triggering a significant amount of leveraged long liquidations in the past 24 hours.
Venture capitalist Kevin O'Leary, also known as "Mr. Wonderful" from Shark Tank, emphasizes the importance of cash-flowing investments in a well-balanced portfolio, revealing that the bulk of his family's wealth is parked in ETFs focusing on quality dividends and positive cash flow such as OUSA and OUSM.
SushiSwap's recent proposal to centralize its treasury and enhance operational efficiency has sparked concerns of voter manipulation and accusations that the core team added liquidity to gain more voting power. Critics worry about the legitimacy of the proposal, which is currently winning by 62% of votes, as it would give the team significant control over funds and potentially sideline the DAO.
Monad Labs has raised $225 million in a funding round led by Paradigm to develop a faster version of the Ethereum blockchain that is compatible with existing DeFi applications, with plans to add staff and bring their test version into production.
Toncoin (TON), the token of The Open Network, has surged in value, becoming the 10th most valuable cryptocurrency and pushing Cardano (ADA) out of the top 10, with a market cap of over $23 billion and a current price of $6.65.
The COVID-19 pandemic affected the crypto market in 2020, resulting in a significant drop in cryptocurrency values, but the lockdowns also led to increased interest in crypto and the development of decentralized finance (DeFi). The year also saw the third Bitcoin halving and the rise of nonfungible tokens (NFTs), which gained significant popularity in 2021.
The CEO of Ava Labs, Emin Gün Sirer, believes that the general public is largely unaware of the transformative potential of crypto and blockchain technologies, stating that the current valuation of the crypto space is significantly undervalued and should be worth 10x to 100x more.
Chainlink price is expected to rally with increased investor interest, but it faces resistance at $18.73, and a drop below $17.85 could lead to a decline to $16.00.
An American security expert for cryptocurrency firm Binance has been remanded to Nigeria's notorious Kuje prison after pleading not guilty to charges of tax evasion and money laundering, with Binance and the expert arguing that he holds no decision-making power in the company and cannot be held responsible for any disputes with the Nigerian government; Gambaryan's wife and some U.S. security and economic experts believe he is being used as a scapegoat for Nigeria's failing economy and cryptocurrency-related issues.
Saga, a new layer-1 blockchain network, has launched its mainnet and introduced its SAGA token on Binance, aiming to enable creators to launch their own layer-1 chains and prioritize scalability and the development of apps and games.
Fidelity's Spot Bitcoin ETF now holds more than $10 billion worth of BTC, just three months after gaining SEC approval, along with other approved Spot Bitcoin ETFs collectively maintaining more than 520,000 BTC in assets under management.
Crypto trader Jake Gagain advised a follower to hold onto their substantial investment in Dogecoin, predicting that it could reach a market capitalization of $100 billion in the next 12-16 months, despite potential market volatility.
Veteran Fund Manager Yusko Forecasts Six-Figure Bitcoin Prices Ahead but Urges Diversified Investing
Hedge fund manager Mark Yusko predicts that Bitcoin will more than double in price to $150,000 by the end of the year and expects it to grow tenfold over the next decade, citing the price-boosting effects of halving events and increased demand from institutions and ETFs. However, while Yusko's analysis makes sense, the exact timeline and long-term price targets are uncertain due to variables such as regulations and the emergence of new technologies, making it advisable to hold a diversified portfolio of digital assets.
Gunzilla Games has integrated its GUNZ blockchain platform with OpenSea, a prominent NFT marketplace, allowing players to trade in-game items from any game on the GUNZ blockchain and bringing the highly anticipated game Off the Grid to the marketplace.
Former senior crypto reporter Jacquelyn Melinek and financial influencer Anthony Pompliano have launched Token Relations, a platform aimed at helping digital asset projects communicate with stakeholders and build stronger relationships through email communications, with plans for an app, podcast, and newsletter in the future.
Toncoin (TON) experienced a significant rally, surpassing Cardano as the 10th-largest token by market capitalization, potentially due to anticipated positive ecosystem news about the announcement of USDT on TON at the Token 2049 conference in Dubai.
Runestone holders will receive three meme coin airdrops, starting with the Dog airdrop later this month, if they still hold the inscriptions when the Runes protocol goes live during the Bitcoin halving.
Solvation, a new Solana memecoin, is launching its presale with the aim of taking high positions in the crypto industry and putting its community first. The project is offering over half of its total supply in the presale and plans to trade on a decentralized exchange shortly after.
This article highlights three top cryptocurrency picks - Bitcoin, Ethereum, and Binance Coin - that are considered to be relatively secure investments with potential for significant gains.
Bitcoin Ordinals, NFT-like assets on the Bitcoin blockchain, are gaining significant popularity and disrupting the market, with top projects including NodeMonkes, Runestone, Taproot Wizards/Quantum Cats, Bitcoin Puppets, RSIC Metaprotocol, OnChainMonkey, and Ordinal Maxi Biz.
Monad Labs, a new player in the blockchain space, has raised $225 million in funding to build a layer-1 blockchain that aims to challenge competitors such as Solana and Sui by offering faster speeds, higher volumes, and lower costs while maintaining compatibility with Ethereum's blockchain and smart contracts. The funding round led by Paradigm marks the largest crypto fundraise of 2024 so far and signals a thaw in the sector's bear market. Monad plans to deploy its mainnet by the end of the year and aims to target high-frequency trading as its first use case.
Bitcoin venture studio Thesis has announced the launch of Mezo, a Bitcoin layer-2 network, following a $21 million fundraising round led by Pantera Capital, offering users the ability to hold their bitcoin while earning yield and access applications that use Bitcoin for transactions.
Ripple CEO Brad Garlinghouse predicts that macro factors, including regulatory momentum and the approval of Bitcoin ETFs, could cause the overall crypto market cap to double by the end of 2024.
Fantom Foundation co-founder Andre Cronje proposes a plan to issue meme coins on the Fantom network, focusing on fair distribution and investor safety by addressing risks such as team dumping tokens and removing liquidity.
Space Nation Online, an Ethereum-based MMORPG, is holding a 10-week airdrop rewards event during its closed beta phase, where players can earn OIK shards that can be converted to OIK tokens at a 10:1 ratio, with up to 10 million OIK tokens being airdropped until June 16th.
Thesis has launched Mezo, a Bitcoin layer-2 solution that aims to promote a circular Bitcoin economy by enabling users to access applications and earn rewards for their Bitcoin holdings. Mezo is distinct from other layer-2 solutions and deepens the capabilities of the Bitcoin infrastructure without deviating from its foundational principles.
Ethereum and Solana are identified as potential cryptocurrencies that could experience significant value growth following the Bitcoin halving, making them worthwhile investment prospects for crypto investors.
The percentage of Bitcoin's circulating supply that has not moved in at least a year has declined to the lowest level since October 2022, indicating profit-taking by investors in a rising market.
