Cardano (ADA) Skyrockets 29% in Volume Amid Crypto Bloodbath
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Cardano (ADA) trading volume increases 29% as speculators try to ride market

In the last 24 hours, Cardano (ADA) saw a massive 29% increase in its futures trading volume, reaching over half a billion dollars, as reported by CoinGlass.

This increase reveals a strong shift toward ADA perpetual futures trading, which has outpaced the spot market.

According to CoinMarketCap, Cardano spot trading volume on exchanges totaled $466 million, bringing the total trading volume to nearly $1 billion.

The trend toward futures trading suggests the more speculative nature of trading over long-term investment. The modest change in spot market activity supports this trend, indicating that traders were more focused on futures trading for potential short-term gains.

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Cardano Founder Charles Hoskinson Reveals Next Steps for ADA Governance
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Charles Hoskinson, the founder of Cardano, explained the plans for the Cardano blockchain governance.

He pointed out that the deployment of decentralized representatives (dReps) will significantly shift the control of the treasury even without a complete constitution.

This is expected to happen within 90 days after the significant Cardano update, referred to as the Chang hard fork.

The adoption of decentralized governance mechanisms via CIP-1694, launched in November 2022, was a significant shift for the Cardano network.

This framework ensures the involvement of all ADA stakeholders in the governance process.

Furthermore, it creates a well-coordinated system where three main entities – Delegated Representatives (DRePs), Constitutional Committee (CC), and Stake Pool Operators (SPOs) – are involved

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PEPE Price Prediction 2024-2030: Will Pepe Coin Dominate Dogecoin And Shiba Inu In 2024?
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Pepe prices face bearish pressure toward $0.000012.

Our pepe price prediction 2024 expects the maximum price of $0.0025

In 2030, we expect the Pepe price to touch $0.0258.

The meme coin sector momentarily slows down, hinting at a potential rally if the broader market stabilizes after its recent downturn. Specifically, PEPE coin prices display a bullish pattern, presenting an opportunity for a breakout based on the daily chart analysis.

Moreover, the volatility typical of meme coins is exacerbated by the prevailing market uncertainty. This causes fluctuations in PEPE prices, as they oscillate in search of a solid support level to initiate a recovery.

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Dogecoin (DOGE) Statement from Major Short Seller Company
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A company that has been described as a short seller in the market for years announced its new move and referred to Dogecoin.

Citron Research, a well-known short selling organization, announced that it will no longer short GameStop (GME). However, according to the statement, this decision is based not on the company's fundamentals, but on the institution's respect for the irrationality of the market.

Citron Research said in a statement: “Citron is no longer shorting GME. This is not because we believe a turnaround in the company's fundamentals is imminent, but because with $4 billion in the bank, they have enough leeway to appease their cult-like shareholders.”

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Shiba Inu’s Surprise Flip: What’s Behind the Meme Coin’s Market Cap Surge?
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Shiba Inu surpasses Avalanche in market cap, reaching $12.71B vs. $12.60B.

Shiba Inu’s burn rate surges 2,814%, with 7.9 million tokens burned.

Avalanche’s price drops 11%, despite ecosystem growth and partnerships.

Shiba Inu (SHIB) has overtaken Avalanche (AVAX) in market capitalization, marking a significant shift in the cryptocurrency rankings.

As of the latest data from CoinMarketCap, Shiba Inu’s market capitalization is $12.71 billion, slightly ahead of Avalanche’s $12.60 billion. This change has propelled Shiba Inu to the 11th spot in the market cap rankings, pushing Avalanche to 12th.

At press time, Shiba Inu was trading at $0.000022, with a 24-hour trading volume of $786,592,387. The token is down 2.33% in the last 24 hours.

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SEC Chairman Discusses ETH ETF and Crypto Regulations
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Ripple presents itself differently from XRP Coin due to the lawsuit process.

SEC Chairman Gensler hopes for an ETH ETF launch before summer's end.

FIT21 bill could resolve conflicts between SEC and CFTC on altcoin classification.

SEC Chairman Gensler made important statements today.

He said he hopes the ETH ETF launch will happen before the end of summer and reiterated his previous statements about crypto.

The institution, which now avoids labeling ETH as a security and reversed this with its ETF approval decision, is doing other things. Access COINTURK FINANCE to get the latest financial and business news.

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When Will The SEC Lawsuit Against Ripple END?
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Ripple CEO Brad Garlinghouse has indicated that the long-standing legal battle with the SEC is nearing its conclusion. This potential resolution could mark a significant milestone for XRP holders and the broader cryptocurrency market.

Will the Ripple Lawsuit End Soon?
According to Garlinghouse, Ripple's legal dispute with the SEC is nearly resolved. Although he humorously suggested September 21 as "the end of summer" date, he clarified that the exact timeline remains uncertain. The decision ultimately lies with the judge, and Garlinghouse estimates that a resolution might occur before the end of the summer.

What is Unique about XRP?
Garlinghouse emphasized XRP's distinct regulatory status in the US, highlighting that it is not considered a security, unlike other cryptocurrencies such as Ethereum (ETH).

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Solana Set For “A Major 53% Price Move,” Analyst Reveals Why
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An analyst has explained how Solana could be setting up for a major 53% move based on a Symmetrical Triangle pattern forming in its price chart.

In a new post on X, analyst Ali Martinez discussed a pattern that has recently taken shape in Solana’s daily price chart. The technical analysis (TA) pattern in question is a “Symmetrical Triangle,” which, as its name implies, looks like a triangle.

The triangular shape comprises two converging trendlines, with the upper line joining successive lower highs and the lower one connecting higher lows. A key feature of this pattern is that these lines approach each other at roughly the same slope (hence the “symmetrical” in the title).

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Ripple’s $500 Million XRP Fund Fuels Jasmy Collaboration Rumors
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Ripple’s new fund in Japan and Korea aims to drive innovation on the XRPL.
Speculation suggests a potential partnership between Ripple and Japan-based blockchain platform Jasmy.
This results from Japan’s favorable regulations and existing partnerships with SBI Japan.

Speculation is rife within the cryptocurrency community about a potential partnership between Ripple, the U.S.-based crypto payments firm, and Jasmy, a Japanese blockchain platform.

This speculation arose after Ripple announced the creation of a fund in Japan and Korea to foster innovation on the XRP Ledger (XRPL), signaling further expansion in the Asia-Pacific region.

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Notcoin (NOT) Overtakes SHIB in Top Ranks as SHIB Volume Drops Dramatically
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The crypto market may seen an epic attention shift as Notcoin (NOT) experienced a significant increase in trading volume, growing by more than 67% from June 12 to June 13, according to CoinMarketCap. This growth boosted NOT's 24-hour turnover to $926.27 million, making it the 12th-most-traded crypto asset by Thursday.

This rise in trading volume allowed Notcoin to surpass Shiba Inu (SHIB), a popular meme-inspired cryptocurrency. SHIB recorded a trading volume of $555.92 million during the same period, a 36% decrease from the previous 24 hours.

At the same time, Notcoin's price increased by 8%, reaching $0.0177 per NOT, which raised its market cap to $1.81 billion and positioned it as the 54th largest cryptocurrency.

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SEC Challenges Ripple’s Legal Arguments
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As the legal battle drags on since 2020, the intricacies of whether XRP Coin is classified as a security remain unresolved, leading to various developments in the crypto regulatory landscape.

In recent statements, SEC Chairman Gary Gensler expressed optimism that the ETH ETF might launch before the summer’s end and reiterated his stance on cryptocurrencies.

Despite Ethereum not being labeled a security by the institution, Gensler maintains his view that many cryptocurrencies, including ETH, fall under this category. Ripple’s Chief Legal Officer, Stuart Alderoty, responded to these comments, highlighting the SEC’s tough stance on crypto despite facing court losses and political pushback.

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Chainlink (LINK) Price Set for Recovery Following 10% Decline
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Chainlink (LINK) surged to $16.21 on June 12, only to retreat shortly afterward, indicating that the initial price increase might have been a false breakout.

Despite this, interest in the native token of the decentralized Oracle network remained strong, with trading volume exceeding $450 million in the last 24 hours.

As of the latest update, Chainlink (LINK) is trading at $15.55, marking a 10.65% decline over the past seven days. The recent surge in LINK’s price on Wednesday was spurred by favorable Consumer Price Index (CPI) data, which showed lower-than-expected inflation rates.

Initially, this positive CPI outcome boosted the broader crypto market, including LINK, leading to significant gains.

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Aptos (APT) Price May Drop to $5 Next
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APT’s price is declining while much of the market is recovering, potentially pushing it to a multi-month low and increasing investor losses.

Aptos (APT) is currently above the bear market support level at 23.6% Fibonacci Retracement. In futures trading, APT’s Open Interest has hit a four-month low at $103 million. The MACD indicator recently experienced a bearish crossover for the first time since April, indicating a cautious near-term outlook for APT’s price.

Investor support for Aptos (APT) is waning, evidenced by a significant drop in Open Interest (OI), which measures outstanding derivative contracts like options and futures. Over the past week, APT’s OI plummeted from $133 million to just $103 million, marking a four-month low and indicating reduced market activity and liquidity.

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Terraform Labs Ceases Operations; Community Assumes Control
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Terraform Labs has decided to cease operations after reaching a $4.47 billion settlement with the SEC. As part of this decision, control of the Terra blockchain is being handed over to the community.

Chris Amani, CEO of Terraform Labs, has stated that the company will shut down its operations after reaching a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC).

Chris Amani, CEO of Terraform Labs, has announced the company’s decision to cease operations following a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC). As part of this decision, Terraform Labs plans to sell off key projects within the Terra ecosystem and transfer control of the Terra blockchain to the community.

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Arrival of Shiba Inu Leader in the United States Sparks Community Reaction
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The lead developer of Shiba Inu has sparked curiosity among SHIB enthusiasts by updating his location on X to Vail, Colorado, United States.

Kuro, a member of the Japanese Shiba Inu community, shared this update, showing Kusama’s location now marked as Vail.

Kuro, a member of the Shiba Inu community, recently sparked intrigue by noting that Kusama, the lead developer of Shiba Inu, updated his X location to Vail, Colorado, United States, prompting speculation about his purpose there.

Vail is known for its winter sports like skiing and snowboarding, as well as summer activities such as cultural festivals, hiking, and golfing. Kuro’s tweet, accompanied by a ‘thinking face’ emoji, reflects curiosity within the community regarding Kusama’s presence in the city.

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Bitcoin Hero Michael Saylor Announces Long-Term Strategy for Institutional BTC Buying via MicroStrategy
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MicroStrategy plans $500 million in convertible senior notes due 2032 for qualified institutional buyers.
Notes bear semi-annual interest starting December 15, 2024, maturing on June 15, 2032.
Proceeds intended for additional bitcoin purchases and general corporate purposes.

MicroStrategy has announced that it plans to sell $500 million in convertible senior notes due 2032 in a private offering. The move aims at attracting qualified institutional buyers under Rule 144A of the Securities Act of 1933, subject to market conditions and other relevant factors.

The unsecured senior notes will begin to accrue interest on December 15, 2024, and every June 15 and December 15 afterwards.

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Andrew Tate Promoted DADDY Meme Coin Flips Iggy Azalea's MOTHER
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DADDY, a token promoted by Andrew Tate, peaked at a market cap of $340 million and flipped Iggy Azalea’s MOTHER token in the process.

Andrew Tate promoted meme coin DADDY has flipped MOTHER, the token created by Australian rapper Iggy Azalea, according to DEX Screener. This was the goal that the former kickboxer, Tate, was gunning for when he first promoted the token.

“I’m supporting a coin called $DADDY to flip it for the patriarchy,” Tate posted on Twitter, shortly after first promoting it. “We’re bringing the Gs back make me a fu-ck-ing sandwich females.”

The self-proclaimed misogynist went on a spree of tweets promoting the token, claiming that he’ll never sell but instead burn the 40% of the supply he holds in his public wallet.

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Toncoin Price Soars 8% As It Flips Ethereum In Active Daily Users, And Analysts Say This New GameFi Crypto Might Be Next To Explode
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The Toncoin price surged 8% in the last 24 hours to trade at $7.525 as of 03:33 a.m. EST on trading volume that skyrocketed 112% to $680 million.

This comes as Telegram’s The Open Network (TON) blockchain recorded more daily active users than Ethereum nearly every day this month. That’s attributed to Telegram’s 900 million user base, which Delphi Digital says is a factor that Crypto Twitter ignores.

The Toncoin price trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish upside potential.

Moreover, the Relative Strength Index (RSI) trades up towards the 70-overbought region, currently at 60, which shows that the bulls are gearing up towards a bullish run as they buy more.

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Ethereum’s Chart Signals Upcoming Surge, Eyes on Altseason
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Ethereum (ETH) exhibits clear signs of breaking out from its longstanding descending wedge pattern, as analyzed by CryptoYoddha. This pattern, identified on the chart, has been forming since mid-2021 and is typically a precursor to bullish trends.

The Moving Average Convergence Divergence (MACD) indicates a narrowing of the bearish trend, with the MACD line approaching a potential crossover with the signal line. This could signal a bullish reversal if sustained over the upcoming days.

The Relative Strength Index (RSI), sitting just below the 60 level, points towards a neutral stance with slight bullish undertones. The positioning suggests that while ETH is not overbought, the momentum could shift if investor interest increases.

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Binance Opens Shiba Inu, XRP Purchase Via Mastercard
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Mastercard resumes Binanc transactions after reviewing Binance's enhanced regulatory compliance controls.
The suspension last year was due to Binance's legal issues, including a $4.3 billion settlement with the DOJ.
Mastercard's decision to restore services is contingent on ongoing evaluations of Binance's compliance efforts.

Binance has resumed enabling its users to purchase cryptocurrencies, including XRP, SHIB, and others, using Mastercard's cards. This development comes after Mastercard's decision to lift the temporary suspension that had been in place since August 2023. Mastercard resumed its services on Binance after a comprehensive review of the enhanced controls and processes implemented by Binance.

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