🔺 BREAKING ! Xai Vanguard is going to explode the gaming world and become the top game in the Blockchain world !

$XAI was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology.

🔸 Vanguard, currently a dedicated channel in the Xai Discord community, holds the promise of transforming into a gaming league – aptly named Vanguard – in the foreseeable future. Those with the Vanguard role and those accessing its designated channel position themselves favorably to join the League upon its anticipated launch shortly after the deployment of Final Form to the Xai mainnet.

🔸 In the forthcoming era, all gamers will seamlessly engage with blockchain technology within their gaming experiences, yet they are unlikely to be consciously aware of its integration, including the use of technologies like NFTs. The 2021 cycle of blockchain games has illuminated the immense potential inherent in this technology. However, it has also underscored the substantial challenge presented by the adoption barrier that hinders many individuals from creating and managing their first crypto-wallets. To earnestly facilitate widespread adoption, the industry must undertake substantial initiatives to relegate wallet management and blockchain.

🔸 The XAI token will serve a dual purpose on the Xai blockchain. Firstly, it will function as the designated gas token, facilitating transactions within the network. Additionally, Xai tokens will be rewarded to validator nodes for their role in validating transactions. Moreover, the Xai token will act as the primary token within the gaming ecosystem, being accepted as payment for games.

#XaiVanguardGenesis #XAI @XAI_GAMES

🟡 Justin Sun Has Exactly 1 Billion Dollars: Here Are The Altcoins He Holds

The crypto portfolio of Tron (TRX) founder Justin Sun, perhaps one of the most controversial names in the cryptocurrency world, attracts attention.

Sun, whose blockchain network is the most popular network for sending stablecoin Tether (USDT) in the world, has a large number of altcoins on different chains.

The total value of Sun's known cryptocurrency wallets at the time of this writing is $1.03 billion. The biggest part of this amount, $276 million, is its own stablecoin USDD. Then comes the fact that he is the founder with 238 million dollars.

In third place is the cryptocurrency project Bittorrent (BTT), which it bought a while ago for 117 million dollars.

Justin Sun's entire cryptocurrency portfolio is listed as follows:

USDD – $276 million
TRX – $238 million
BTT – $117 million
BTC – $98 million
USDJ – $91 million
WSTETH – $58 million
AETHUSDT – $18 million
AETHUSDC – $12 million
SHIB – $11.56 million
ETH – $9.22 million
USDT – $9 million
NFT – $8 million
WIN – $8 million
FLOKI – $5.63 million
CRV – $2.92 million
MATIC – $2.22 million
LINK – $2 million
ZRX – $1.79 million
JST – $1.61 million
HTX – $1.48 million
PEPE – 888 thousand dollars
LPT – 723 thousand dollars
SUN – 722 thousand dollars
STRX – $598 thousand
BABYDOGE – 596 thousand dollars

There has been a decrease of approximately $55 million in Sun's portfolio in the last week. At its peak, Sun's portfolio stood at approximately $7 billion.

#JustinSun @Justin Sun孙宇晨

🔥 Good news for Ethereum Investors from SEC Chairman Gary Gensler: He Set a Date for the Final Approval of Spot ETH ETFs!

Speaking before the Senate Appropriations Committee, SEC Chairman Gary Gensler said he anticipates S-1s for spot Ethereum ETFs will be approved by the end of the summer.

Fox correspondent Eleanor Terrett shared details of the Ethereum ETF conversation between SEC Chairman Gary Gensler and US Senator Bill Hagerty.

💬 Gensler said “throughout this summer,” while Hagerty said “by the end of the summer.”
“I would dream sometime during this summer…” Gensler said in response.
“If you're telling me these applications will be approved by the end of the summer, I appreciate that,” Hagerty said. said”

💬 Clarifying on details here: Gensler said “over the course of this summer” and Hagerty said “by the end of the summer.”
Gensler: “I would envision sometime over the course of this summer…”
Hagerty: “If you’re indicating to me that those applications will be approved by the end… — Eleanor Terrett

As it is known, in May, the SEC approved applications called 19b-4 for spot Ethereum ETFs. However, before Ethereum ETFs can begin trading, the SEC must also approve S-1 filings.

While market analysts thought that approval for S-1 applications for ETH ETFs would come in June and July, the SEC Chairman made a statement that was partially consistent with these predictions.

$ETH #ETH #ETF #Ethereum

🟠 Crypto Trader Predicts SHIB Rally, Buys the Dip

Rafaela Rigo, a well-known crypto trader on X, has revealed her continued accumulation of Shiba Inu (SHIB) tokens, citing technical analysis that suggests a potential price rally. Rigo referenced an earlier post about the memecoin, suggesting its price was poised to rally.

💬 Bought more $SHIB - Rafaela Rigo

On March 31, Rigo shared a SHIB/USD monthly chart that suggested the memecoin had found support and was positioning itself for a significant rally. The chart showed how SHIB’s bearish movement continuously lost momentum after a full retracement that saw the memecoin reach a low point. The price action also indicated a potential return of SHIB bulls, with a classic bullish candle pattern that suggested inherent upward momentum.

Meanwhile, not much has changed two weeks after Rigo’s initial post. SHIB’s price setup remains the same, with the price experiencing a slight pullback. SHIB dropped from $0.000026 to $0.000022, returning to the support region earlier identified by Rigo.

Typically, experienced crypto traders consider pullbacks as opportunities to increase their holdings by accumulating more of the traded tokens. They believe it means a chance to buy the coins at cheaper prices, creating room for more profitable trades. Most of them do so when confident in their trend predictions, as seen through Rigo’s actions.

SHIB surged over 378% between February and March this year after nearly two years of insignificant price movements. The flagship altcoin succumbed to market pressure in March and lost 60% of its value after the surge. The March slump pushed SHIB’s price down toward the 0.618 Fibonacci retracement level.

Rigo expects SHIB to regain its bullish momentum and rally toward the $0.00004988 region. That would see the memecoin return to its 2024 high and open the way for more upside movement. If the rally continues, SHIB could reach significant levels of the last bull run, potentially catching up with the previous all-time high (ATH) of $0.0009.

#SHIB #Shibainu

⚠️ Terraform Labs to Dissolve After SEC Settlement, CEO Announces

Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve.

🔸 Terraform Labs Set to Close Doors Post-SEC Settlement

Blockchain startup Terraform Labs has announced it is ceasing operations following a settlement with the SEC. CEO Chris Amani released the statement on the social media platform X. With the settlement complete, Amani noted he could now discuss the future of Terraform Labs (TFL).

“TFL always intended to dissolve at some point and that point is now. We will be winding down operations completely,” Amani stated. “Special thanks to the lunatics who supported us through this process and thanks to the TFL team. I’m incredibly proud that we were able to hold this company and ecosystem together and continue to build innovative products through all of this.”

The TFL leader added:

💬 We were well positioned to accelerate things if we had won the trial, but unfortunately we lost and as a result, can no longer operate.

Meanwhile, the Terra ecosystem persists to an extent, supported by several decentralized applications and its tokens. However, the cryptocurrency tokens originating from the Terra blockchain have declined in value significantly. LUNA 2.0, the replacement for LUNA, has plummeted by 97%. In the decentralized finance (defi) arena, Terra defi protocols currently secure a mere $5.37 million in value locked, placing the chain at the 107th position among the leading blockchains by value locked.

$LUNA $LUNC #TERRA #LUNC #LUNA

💥 Solana (SOL) Price Struggles to Break $155 Resistance Amid Volatility

Solana’s (SOL) price recorded a minimal increase in the past 24 hours with a spike in daily trading volume.Traders’ attention over SOL rose as the Solana-based celebrity memecoin frenzy revived in recent days.

Bitcoin and Ethereum have shown brief upsurges in price, fueled by the US CPI data release. Other altcoins have begun to show recovery after the past week’s price dip. Solana (SOL), has shown a daily increase in its price after its recent weekly dip.

Notably, the token’s market price increased by 0.35% in the past 24 hours. At the time of writing, SOL is trading at $152.10 with an increase of 11.01% in daily trading volume according to CMC data. Additionally, the token has shown increased market price volatility in the past week.

However, Solana’s market price is exhibiting struggles to break resistance at the $155 level over the past month. In the past week, the crypto asset’s price experienced a dip as the weekly decline stands at 11.82%. On Wednesday, it witnessed a brief bearish trend reaching a weekly low of $145.82. The bearish trend was taken over by a price recovery in the latter half of Wednesday.

Furthermore, Solana whales have shown modest movements in the past few days. On June 12, two significant whale movements were observed. It involved transactions of a total of 2 million SOL approximately between two pairs of different unknown wallets.

🔸 Is Solana Heading Toward a Price Recovery?

Zooming out over the month, Solana’s market price has increased by 2.86%, according to TradingView data. In the duration of the past 30 days, the token has broken resistance levels at $145 and $150 reaching its current trading price. During the middle of May, SOL’s market price stood around the range of $141.

The token’s moving average (21MA) stands at $164.15. With its current trading price ranking below the MA, the chart indicates SOL’s price to be bearish.

$SOL #SOL #Solana

📈 The Price Of Render (RNDR) Increased More Than 10% Within 24 Hours

Over the past 24 hours, the price of Render (RNDR) has Increased 10.0% to $9.09. 

This is contrary to its negative trend over the past week where it has experienced a 10.0% loss, moving from $10.51 to its current price. As it stands right now, the coin’s all-time high is $13.53.

The chart below compares the price movement and volatility for Render over the past 24 hours (left) to its price movement over the past week (right). 

The trading volume for the coin has climbed 51.0% over the past week, moving opposite, directionally, with the overall circulating supply of the coin, which has decreased 0.35%. 

This brings the circulating supply to 388.65 million, which makes up an estimated 73.04% of its max supply of 532.07 million. 

According to our data, the current market cap ranking for RNDR is #34 at $3.55 billion.

$OP #OP #Optimism

📊 Why did Bitcoin bounce back to $69,000?

The crypto market experienced a spectacular surge this Wednesday, and the price of Bitcoin once again surpassed the symbolic mark of $69,000. This rapid rise followed the release of U.S. inflation data, which was lower than expected.

🔸 The immediate market reaction

After its recent drop, Bitcoin has crossed the symbolic mark of $69,000 again, marking a significant increase following the release of the latest inflation data in the United States. The Consumer Price Index (CPI) report revealed an annual increase of 3.3% in May, slightly lower than economists’ expectations of 3.4%. This lower-than-expected figure was positively received by investors, fueling a wave of buying in the cryptocurrency market. As a result, Bitcoin recorded an increase of more than 3% within 24 hours, reaching a peak of $69,300.

This surge led to massive liquidations of short positions, totaling $28 million, and $48 million of Bitcoin positions liquidated in total, according to Coinglass data.

🔸 The influence of institutional investors and monetary policies on Bitcoin

As institutional investors show growing interest, market data reveals a downward trend in Bitcoin balances on exchanges, with more than 14,000 Bitcoins withdrawn over the past two days. This accumulation by the market’s “whales” strengthens the bullish sentiment, despite the massive outflows observed in U.S. spot Bitcoin ETFs. This strategic move by large investors suggests confidence in Bitcoin’s resilience to current economic fluctuations.

Concurrently, expectations of rate cuts by the U.S. Federal Reserve add another dimension to this dynamic. The monetary decisions of other major economies, such as the European Central Bank and the Bank of Canada, which have already started to lower their key rates, weaken the U.S. dollar and create a favorable environment for Bitcoin. The prospect of global monetary easing could support a new phase of increase, potentially beyond the $80,000 mark.

$BTC #BTC #bitcoin

📉 Largest Ethena (ENA) Staker Sells $14.1M in Tokens, Suffers $13M Loss

Biggest ENA staker sold over $14 million worth of tokens.

ENA – the native token of Ethena – has been facing significant selling pressure in recent weeks. After an extended period of price declines, ENA plunged to $0.73, representing its weakest price level since May 20th.

🔸 This, in turn, has translated to huge losses for ENA stakers.

Lookonchain revealed that the largest ENA staker, who had staked 23.24 million ENA – worth around $17.3 million – unstaked their entire holding on Tuesday. In a surprising move, this whale then sold 19.36 ENA – worth over $14.1 million – at a significant loss.

To put things into perspective, the on-chain data also revealed that this investor had initially withdrawn 23.24 million ENA from Binance between April 5 and April 10, when the token was trading at around $1.29. However, after the recent sell-off, the investor is currently left with only 3.88 million ENA – worth $2.74 million.

🔸 As a result, the whole ordeal translated to a loss of more than $13 million.

ENA has failed to post a meaningful rebound despite its ecosystem growing steadily. According to the latest stats on DefiLlama, the TVL locked in the Ethena project has been on an upward trend, reaching a staggering $3.44 billion as of June 12th.

Moreover, the Ethena ecosystem’s USDe stablecoin has seen impressive growth since its public launch. In the first week alone, its supply reached $400 million before eventually surpassing $2 billion barely two months later.

The meteoric rise prompted concerns, especially considering the collapse of the ill-fated algorithmic stablecoin, Terra’s UST.

$ENA #ENA #Ethena

👀 Ethereum’s Price Surge Faces Resistance at $3,660: Will Bulls Prevail?

● Ethereum is trading at $3,624, targeting $3,740 if momentum holds, with $3,430 as potential support.

● US CPI data decreased to 3.3%, boosting the crypto market, with Bitcoin nearing $70,000 and Ethereum rising.

● Ethereum’s daily active addresses dropped from 622,963 in March to 458,400 in June, despite increased large transactions.

Ethereum (ETH) is currently on a strong upward trend, encountering resistance at around $3,660, suggesting short-term traders might be taking profits. 

Buyers have driven the price above immediate Fibonacci channels, targeting a further rise above EMA trend lines. ETH is trading at $3,624, reflecting a 3.3% increase in the past 24 hours. If this buying momentum continues, $3,430 could become a solid support level, increasing the likelihood of reaching $3,740. Conversely, if the price falls below $3,430, selling pressure could intensify, potentially driving the price down to $3,172.

The latest US CPI data for May showed a slight decrease in inflation, dropping to 3.3% from April’s 3.4%. This development positively impacted the market, spurring a significant recovery in major cryptocurrencies. Bitcoin is approaching the $70,000 mark, while Ethereum has experienced increased buying activity, pushing it towards key price levels and boosting on-chain metrics.

The crypto market responded favorably to the soft CPI report. Bitcoin’s price surged towards $70,000, and Ethereum’s price approached $3,700. Data indicates a significant increase in large transaction volumes, with Ethereum whales transacting over $13 billion in the past 48 hours, suggesting potential accumulation ahead of a significant move. 

However, Ethereum’s network activity has declined in certain metrics over the past 90 days. There’s a drop in daily active addresses from 622,963 on March 20 to 458,400 on June 10, with a 1.2% decrease in the past 48 hours.

$ETH #ETH #Ethereum

🤔 Can XRP Repeat Its 2017 Rally? Analyst Sees Eerie Similarities

Analyst Dark Defender has cautioned XRP holders who have grown increasingly impatient with the asset’s performance. XRP, unlike other top-ranking tokens, has not seen a significant rally since the start of the current bull cycle in late 2023.

Ripple’s quarterly market reports for Q4 2023 and Q1 2024 confirmed XRP’s underperformance, revealing a mere 7% increase in Q4 2023 followed by a 5% decline by the end of Q1 2024. During the same period, rivals like Bitcoin and BNB reached new all-time highs.

With frustration mounting among XRP holders, reputable market observers urge caution, emphasizing that XRP’s trajectory closely mirrors its 2017 pattern. Notably, XRP traded as low as $0.00639 in January 2017, a price range it had maintained since 2015.

By December 2017, XRP was trading at $0.22. In a remarkable turn of events, XRP experienced an explosive rally that propelled its value to $3.84 by January 2018. This represented a staggering 60,000% increase from its value a year earlier and a 1,650% gain in just four weeks.

Analyst Dark Defender believes a similar scenario may be unfolding in 2024. Imagine you are in 2017, tired of price fluctuations for years. You sell it for nothing just before XRP hits $3.82, he said.

💬 Imagine you are in 2017, tired of price fluctuations for years. You sell it for nothing just before XRP hits $3.82.
It is 2024, and XRP has formed a similar pattern, making us feel the same as we did in 2017.
On the weekly time frame, XRP stands above the support once again. — Dark Defender

The analyst emphasized that on a weekly chart, XRP has once again moved above a key support level. His indicators suggest a potential shift towards an oversold state, similar to previous weeks, which could signal an impending trend reversal.

Moreover, the analyst identified the resistance level for XRP as around $1, suggesting that the path to this price point could become easier once XRP surpasses $0.6640. With XRP currently trading at $0.49.

$XRP #XRP

⭐️ Terra community to own chain after TFL wind-down; Coinbase exec slams SEC settlement

Terraform Labs CEO Chris Amani said Terra will become a community project as the company winds down following a $4.5 billion SEC settlement.

Amani wrote on June 12 that the community must “take over ownership of the chain.” He said that certain teams and developers want to handle the project and will announce their intent on the forums.

Amani added that Terraform Labs “always intended to dissolve” and can now do so.

He said the company was “well positioned to accelerate” if it had won the SEC case but no longer can operate because it lost the trial.

Terraform Labs will continue to operate its products during the wind-down period.

The company will sell Pulsar Finance, a cross-chain portfolio manager it acquired in late 2023, and two other products, Station Protocol and Enterprise Protocol.

Additionally, Amani announced that TFL will post a proposal to burn all of its unvested Luna. The firm will also propose to burn any vested crypto that it holds in its wallets.

🔸 Coinbase CLO slams settlement

The settlement has attracted attention elsewhere in the industry. Coinbase CEO Paul Grewal criticized the case’s outcome and highlighted its benefits for the SEC.

Grewal said the outcome “just makes the SEC an unsecured creditor,” meaning the agency will receive funds through Terraform Labs’ bankruptcy case. He added that the firm orders Terra’s co-founder and former CEO Do Kwon to “hand over $7 million of assets.”

🔸 Grewal said:

💬 “It’s predictably on-brand … There’s zero meaningful relief to fraud victims. This is no way to regulate.”

Meanwhile, Messari CEO Ryan Selkis also denounced the settlement amount and said it should go to a victims’ restitution fund over the SEC. He added that any other outcome should result in SEC Chair Gary Gary Gensler going “to prison for the rest of his life.”

#TERRA

📣 Ripple Develops Cross-Chain Bridge to Expand XRP’s Reach to Ethereum

Ripple (XRP) has unveiled a development that aims to expand the reach of XRP and unlock new opportunities in the realms of decentralized finance (DeFi) and real-world assets (RWA).

The introduction of the XRPL EVM Sidechain brings Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger, enabling seamless interoperability between the two ecosystems.

Collaboration with Peersyst for Secure and Seamless User Experience

According to a tweet by RippleX, the Ripple engineering team has joined forces with Peersyst to ensure the security and user-friendliness of the XRPL EVM Sidechain. With wrapped XRP serving as the native asset on the sidechain, the focus is on providing a smooth and secure bridging process for users to move their assets between the XRP Ledger and the EVM-compatible sidechain.

To further enhance the security and efficiency of cross-chain transactions, Ripple has made the strategic decision to migrate to the Axelar network.

Ferran Prat, CEO of Peersyst, endorses this move, stating, “Axelar is a battle-tested, production-ready bridge to bring XRP as a native currency to the XRPL EVM Sidechain.” By leveraging Axelar’s decentralized approach and strong validator network, Ripple aims to provide a secure and resilient bridge that safeguards users and the network as a whole.

The choice of Axelar as the primary bridge for the XRPL EVM Sidechain is driven by Ripple’s commitment to simplifying the user journey and bolstering security. Axelar’s robust infrastructure and proven track record in facilitating secure cross-chain transactions make it an ideal partner for Ripple’s endeavor to expand the utility and reach of XRP.

The XRPL EVM Sidechain not only enhances interoperability but also unlocks new opportunities in the growing DeFi and RWA sectors. With the ability to seamlessly bridge assets between the XRP Ledger and Ethereum, users and developers can now access a broader range of financial services and real-world use cases.  

$XRP #XRP

⭐️ Chainlink CCIP and Automation Debuts on Gnosis, Aiming to Cut Gas Fees By 90%

Gnosis has integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Automation live on its mainnet, according to a press release shared with BSCN. This builds on their previous integration of Chainlink Price Feeds, allowing developers on Gnosis to leverage the full suite of Chainlink services.

These tools reportedly provide access to data, compute, and cross-chain connectivity, enabling the creation of more advanced and secure on-chain applications.

“With Chainlink CCIP and Automation now live on Gnosis, devs have access to secure blockchain interoperability and verifiable compute,” said Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs. “With highly reliable, secure, and decentralized Chainlink services available on Gnosis’s scalable chain, developers have the infrastructure needed to develop next-gen applications and scale them to mass adoption.”

As per reports, Chainlink CCIP is recognized as the industry-standard solution for blockchain interoperability. With CCIP, Gnosis developers can now build applications capable of sending messages, transferring tokens, and initiating actions across various blockchain networks.

This protocol is supported by Chainlink's Oracle infrastructure, which has reportedly facilitated over $12 trillion in on-chain transactions.

🔸 Enhancing Development with Chainlink Automation

According to Chainlink, Automation provides a secure, reliable, and cost-effective automation service for Web3 developers. This service offers a variety of triggers, enabling new ways to connect applications on-chain.

Through Automation's verifiable compute, Gnosis developers can offload compute-heavy tasks to the Chainlink Network. This maintains blockchain verifiability standards while reducing gas costs by up to 90%, opening up possibilities for advanced use cases.

$LINK #LINK #Chainlink

⚠️ SHIB and PEPE Print Triple-Digit Surge in Large Transactions

There is an ongoing revival in the broader digital currency ecosystem, and meme coins like Shiba Inu (SHIB) and PEPE are riding the waves. At the time of writing, the meme coin ecosystem is trading up by 4.47% in 24 hours to $58,026,790,606, and Shiba Inu and PEPE are up by 2.34% and 14.07% to $0.00002246 and $0.00001367, respectively.

🔸 More correlated bullish metric

Besides the uniformity in the price surge, these meme coins have seen a triple digit in large transaction count from whales in their respective ecosystems.

Per data from crypto analytics platform IntoTheBlock, SHIB has seen a 170.84% surge in its large transactions in 24 hours, pegging the volume traded at $467.2 million. This massive whale transaction came about from 436 recorded with a total of 21.62 trillion Shiba Inu.

PEPE recorded a similar boost, with large transactions soaring by 127.87% to record $174.07 million. Just like Shiba Inu, PEPE whales have conducted a total of 419 transactions north of $100,000 in 24 hours. It is worth noting that while Shiba Inu recorded a 21.62 trillion SHIB trade, PEPE has managed 13.62 trillion tokens within the same time span.

A similar trend in both meme coins' bullish metrics underscores how positively correlated they are to each other. It now remains to be seen if the whale impact can help sustain ongoing growth in the long term.

🔸 Where difference lies

The correlation in the meme coin ecosystem is most beneficial to PEPE as it has almost no major internal fundamentals driving its bullish surge.

This is where the token is different from Shiba Inu, which has Shibarium, and undergoes an intensive burning campaign in its bid to give its users value in the long term.

Despite these differences, both Shiba Inu and PEPE are competing for dominance, setting an almost lifelong rivalry for both tokens.

$SHIB $PEPE #SHIB #PEPE

📣 Solana Labs’ New Customer Engagement Platform

Built upon blockchain technology, Bond empowers brands to create personalized, transparent, and captivating digital experiences.

It fosters deeper connections with customers and drives loyalty. Let’s see what a Bond is all about.

🔸 Elevating Customer Engagement with Blockchain-Powered Bond

In today’s loyalty landscape, brands often grapple with significant challenges. Direct relationships with end consumers are frequently lost when products traverse wholesale channels, are resold, or are gifted. This complicates efforts to fully comprehend and analyze customer bases.

Cross-brand partnerships encounter hurdles in sharing private data, risking compromised relationships and strategic control loss. Additionally, the inability to authenticate goods exposes brands to reputational harm and counterfeit threats.

This initiative addresses these pressing issues by facilitating direct engagement through personalized communication and curated experiences. Bond empowers brands to tailor individualized journeys and targeted outreach by providing insights into customer preferences. Transparent blockchain verification ensures authenticity, fostering trust in purchases.

Through these initiatives, brands not only enhance loyalty and growth but also facilitate secure collaborations. Bond offers solutions across various domains, including Digital Collectibles, Luxury Goods Authenticity, Digital Products, Passports + Identities, and Collaborative Campaigns. Leveraging the Solana blockchain, Bond guarantees fast transactions, true scalability, and low costs, ensuring a seamless user experience.

Its straightforward integration process means brands can implement Bond without requiring any blockchain expertise. Solana Labs is thrilled to introduce Bond to the global market, empowering brands to transform customer relationships and drive long-term loyalty in today’s competitive landscape.

$SOL #SOL #BOND

🇺🇸 Inflation in the US has fallen

CPI data has just been published, which showed that inflation in May was 3.3%.

These data turned out to be lower than forecasts of 3.4%, due to which the dollar index began active fall.

🪙 Bitcoin reacted with a sharp increase of 2% and a breakdown of the $69 thousand level. But that’s not all for today, because at 21:00 (Moscow time) we will see the Fed rate and, most importantly, at 21:30, a speech by Jerome Powell, who will comment on the data on inflation and the current state of the US economy. We will publish Powell’s important theses later.

$BTC #BTC #Bitcoin #Index

😢 Worldcoin (WLD) Faces Major Support Test After 67% Drop from All-Time High

Worldcoin (WLD) price failed to enter the Ichimoku Cloud, indicating a strong resistance at $5.

The price broke below the 200 EMA last Friday and experienced a 21% decline on a single daily candlestick following this price drop.

🔸 Worldcoin Holds Support Despite Persistent Bearish Trend

This significant price action set the tone for the subsequent bearish trend observed over the analyzed period. Additionally, the price has reverted to reach an important resistance level at $4.45, which served as support in the past and corresponds to a 4-hour Ichimoku baseline plateau.

Currently, the price has stabilized around the $3.69 mark. Another important Baseline (Ichimoku) plateau that served as a key resistance level during December 2023.

If the price manages to reclaim the $4.45 level and breaks above it, this could potentially shift WLD’s mid-term outlook to a more positive trajectory. Conversely, dropping below $3.69 could push the price down to lower support levels, such as $2.55.

🔸 Worldcoin Faces Major Sell-Off

The subsequent weeks from June 2 and June 9 exhibited sharp declines, with prices plummeting to $4.25 and $3.81, respectively. This indicates persistent sell-off pressure and a lack of buying support at these levels.

On May 12, the number of active addresses was 1,963, signaling robust user engagement. However, this metric steadily declined, falling to 1,267 by June 9.

From May 12 to June 12, 2024, Worldcoin’s price plummeted by 34%. Underscoring a period of significant bearish pressure. The number of active addresses declined by approximately 35.1%, dropping back to levels seen in mid-February 2024.

The reduction in active addresses suggests a waning interest among users, possibly driven by the declining price and broader market sentiment. This drop in active addresses aligns with the bearish price action, indicating reduced participation and potential exit of market participants.

$WLD #WLD #Worldcoin

🤔 Altcoins Bleed Against Bitcoin: Is the Market Waiting for the ETH ETF?

The much-anticipated “altseason” has yet to arrive, with the total market capitalization of altcoins falling back to December 2023 levels.

Despite the currently bearish sentiment, no major narratives are propelling the market, unlike the ICO boom of 2017, DeFi surge in 2020, or NFT craze in 2023. The absence of such trends suggests altcoins may continue to underperform against Bitcoin unless a catalyst, such as the approval of spot Ethereum ETFs emerge.

As noted by top crypto analyst Ash Crypto, the current market conditions could present a strategic buying opportunity. Altcoins have declined 30% to 50% from recent highs, dampening retail investor interest.

💬 The Mega Altseason Has Not Started Yet
Total Altcoin MCap has retraced back to December 2023 levels
There are still no big narratives, like ICOs in 2017, DeFi in 2020, and NFTs in 2023.
Unless the ETH ETF starts trading, alts are going to continuously bleed against BTC.. — Ash Crypto

However, whales continue to accumulate, signaling potential long-term confidence. This suggests a prudent strategy might be to focus on accumulating utility-focused tokens and await a Bitcoin breakout above $100,000, which could ignite a broader market rally.

According to CoinMarketCap data, the overall cryptocurrency market sentiment is bearish. Ethereum (ETH) is currently trading at $3,501.46, down 2.72 % in the last 24 hours. Binance Coin (BNB) is at $605.98, down 2.95%, and Solana (SOL) has dropped 4.46% to $149.33.

XRP’s live price is $0.481372, with a 24-hour trading volume of $1,309,737,077, showing a 0.87% decrease. Cardano is trading at $0.425030, with a 24-hour trading volume of $527,842,682, down by 1.56%. Shiba Inu, priced at $0.000022 with a 24-hour trading volume of $810,863,260, has declined by 1.12%.

In contrast, Toncoin (TON) has risen 2.27% to $7.03, while Dogecoin (DOGE) is down 0.98% at $0.139692.

#altcoins #CryptoNewss #ETF

🚀 XRP attracts 100k new investors in June, ready for the explosion?

Recently, the XRP ecosystem has experienced remarkable growth with the arrival of 100,000 new investors. Despite this influx, Ripple’s crypto price remains stable. What are the prospects for XRP?

🔸 Ripple’s crypto facing growing demand 

The first 10 days of June saw an impressive increase in the number of XRP holders, with 100,000 new investors joining the ecosystem. However, the price of XRP does not yet reflect this increased adoption, fluctuating within a narrow range between $0.48 and $0.52.

Analysts are closely monitoring various metrics to assess the potential impact of this growing base of holders on XRP price dynamics. The mean dollar invested age (MDIA), which measures the average holding duration, is a key indicator. 

According to data from June 1st, the 90-day MDIA for XRP stood at 1812, indicating that investors prefer to hold onto their assets. Now approaching 2000, this increase in MDIA reflects a growing trend toward long-term investment among holders, potentially propelling the price of XRP to $0.55.

The circulation rate, which measures the number of tokens exchanged over a given period, is another important metric. This rate recently fell to 228.53 million tokens per day for XRP, indicating reduced sell pressure and a more stable pricing environment. However, a future increase in this rate could signal a resumption of sales and impact price dynamics.

🔸 Ripple expands its network

Ripple spares no effort in continuously expanding its network of partnerships with financial institutions around the world. The recent XRPL Japan and Korea Fund initiative is a perfect illustration of the company’s aim to accelerate its penetration into the Asian market, one of the most populous regions on the planet.

Building on a strong network of alliances already established with major banks in India, Canada, the UK, Brazil, and many other countries,.

$XRP #XRP