Memecoin Surges: Outperforming WIF, Investors Favor SOL
Analysts predict $APORK could outperform $WIF, with a 200% rally during presale and over 350% post-listing. $SOL is expected to trade above $260 in 2024 due to increased adoption. #Update
USDT’s Battle Against FUD Intensifies: Key Insights #Crypto
Paolo Ardoino, Tether CTO, highlighted USDT’s resilience at Paris Blockchain Week 2022, noting its $25B redemption amid industry turmoil. Tether’s liquid reserves in US Treasury bills ensure stability. #Crypto #USDT
Institutional Investment Surge in Crypto Market
Institutional interest in crypto ETFs is surging, with $15B in net inflows at the Coinbase State of Crypto Summit. Analysts expect further boosts pending regulatory clarity. $COIN rated “Buy” with a $315 target. #CryptoNews #Update
BNB Chain Reduces Fees with BEP-336 Update
? On June 20, 2024, @BNBChain will launch the BEP-336 upgrade, inspired by Ethereum’s EIP-4844 hard fork, to cut transaction fees by up to 90%. Key features include BlobTx for better data management, enhancing BNB Greenfield’s storage. #Blockchain #Update
Elon Musk’s X Introduces Venmo-Style Payments
Elon Musk is turning @X into an “everything app” with Venmo-like features. By mid-2024, users can store money, make payments, and shop via X Payments LLC, which has secured licenses in 28 states. #Update #FinTech
Shiba Inu Approved for Crypto.com Visa Funding
Shiba Inu Coin ($SHIB) is now supported for @cryptocom Visa card funding, joining $BTC and $ETH. Despite a recent 11% price drop, SHIB trading volume surged 124% to $598.2M, highlighting strong community engagement. #Update
AI Surge Overshadows Cryptocurrency Market Interest
AI investments surpass cryptocurrency, says BIT Mining’s Youwei Yang. AI projects now attract more funding, while crypto assets trade within narrow price ranges. Juan Leon from Bitwise predicts combined market growth of AI and crypto could reach $20T by 2030. #Update #AI #Crypto
Bitcoin Surges; 5thScape Presale Momentum Builds
Bitcoin surged to $69,430 as investors eye US CPI figures and potential Fed rate cuts. Meanwhile, 5thScape’s presale raised over $6.7M, highlighting strong investor confidence in its VR platform. $BTC #Update
Iran Launches Digital Currency Pilot on Kish
Iran’s central bank will pilot its digital rial on Kish Island in July, enabling cashless transactions with digital wallets and QR codes. This move aims to enhance payment security and efficiency in Iran’s financial system. #DigitalCurrency
Australia’s Largest Bank Halts Stablecoin Project
NAB halts its Ethereum-based stablecoin AUDN after a year. The team shifts focus to Ubiquity, a new project with @ANZ_AU. This pivot could impact future blockchain and stablecoin trends in Australia’s financial sector. #Update #Blockchain #Stablecoin
Uphold Halts USDT Amid MiCA Regulations
Uphold will stop supporting multiple stablecoins, including $USDT, from July 1, 2024, due to the EU’s new MiCA regulations. Clients must convert to $USDC, $EURC, or $PYUSD by June 27, 2024. Remaining balances will auto-convert to $USDC. #CryptoRegulation
Wasabi Platform Gains $3 Million Funding Boost
? Wasabi, a platform for trading memecoins and NFTs, raised $3M in funding led by @ElectricCapital. With over 18,000 traders and $500M in trading volume since January, Wasabi aims to expand its team and boost DeFi impact with a TVL of $109M. #Update #CryptoTrading
Uphold Delists Stablecoins Pre-MiCA Regulation
@UpholdInc will delist several stablecoins, including $USDT, $DAI, and $FRAX, by July 1, 2024, to comply with MiCA regulations in the EEA. Convert assets by June 27 or they’ll be auto-converted to $USDC on June 28. #CryptoRegulations
Bitcoin ETF Outflow Soars as Price Drops
Farside Investors report a $146M outflow from US Bitcoin spot ETFs yesterday, signaling changing sentiment. $FBTC lost $92M, while $IBIT & $GBTC saw zero/negative flow. Bitcoin stands at $65,567.92, down 0.67% in 24h. #Update