Singapore City, Singapore, June 11th, 2024, Chainwire

Web3 infrastructure provider SubQuery Network has announced the launch of two new RPCs for the Polkadot ecosystem. Available for Polkadot and Kusama, they are the first decentralized RPCs to be made available on the Substrate-based networks.

SubQuery provides web3 infrastructure for almost 200 networks. The SubQuery Network is a globally distributed network of decentralized indexers and RPC providers. These allow dapps to access fast and reliable blockchain data on demand without introducing centralized points of control. Teams building on Polkadot and Kusama can now utilize SubQuery’s decentralized RPC (Remote Procedure Call) nodes following their deployment.

SubQuery COO James Bayly said: “We are thrilled to be the first to provide decentralized RPCs for Polkadot on the SubQuery Network. Our node operators are already running RPCs and other nodes in multiple ecosystems, and, having emerged from the Polkadot ecosystem, we’re ideally placed to support Polkadot developers with their infrastructure.”

The Polkadot RPCs that have been deployed for the Polkadot relay chain and Kusama are operated by more than 30 independent Node Operators. The provision of decentralized RPCs is integral to enabling blockchain projects to operate efficiently and draw data from multiple sources.

RPCs are pivotal for communication between blockchain nodes and external entities, facilitating data retrieval, smart contract interactions, and transaction submissions. The availability of decentralized RPCs frees dapps from reliance on centralized middleware with the risks this entails. SubQuery Network’s decentralized RPCs facilitate secure and efficient web3 communication. This capability underpins the robust and transparent operations that are essential for the success of DePINs. 

SubQuery started out within the Polkadot ecosystem, releasing an indexer capable of connecting to its unique multi-chain architecture. It’s since expanded to incorporate hundreds of networks, making it a leading indexer of web3 data based on chain support.

About SubQuery

SubQuery has pioneered fast, flexible, and scalable infrastructure to power web3. SubQuery Network provides indexed data to the global community in an incentivized and verifiable way. Its infrastructure plays a critical part in helping web3 transition to an open, efficient and user-centric future.

Learn more: Official Website | Twitter

Contact

Head of Business DevelopmentMarta Adamczykstart@SubQuery.Network

George Town, Grand Cayman, June 11th, 2024, Chainwire

Binance Labs, the venture capital and incubation arm of Binance, has invested in Zircuit, a zero-knowledge rollup with AI-enabled sequencer-level security.

Zircuit is a new Layer 2 (L2) network that introduces a novel approach to on-chain security. The network safeguards users with sequencer-level security and built-in, automated AI mechanisms that guard against smart contract exploits and malicious actors. The network’s hybrid architecture, which combines battle-tested rollup infrastructure with zero-knowledge proofs, results in a fast, low-cost, and fully EVM-compatible ZK rollup to provide unparalleled security for users without sacrificing speed or compatibility. More specifically, Zircuit’s performance comes from decomposing circuits into specialized parts and aggregating proofs, which achieves greater efficiency and lower operating costs. 

Yi He, Co-Founder of Binance and Head of Binance Labs said: “At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer level security, Zircuit is providing a more secure L2 solution and we look forward to watching it grow and develop further.” 

As Zircuit prepares to debut its mainnet this summer, its ecosystem is already demonstrating impressive growth. The network presently hosts over $3.5 billion in staked assets and its “Build to Earn” program has drawn more than 1,100 applications. Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, and others are among its launch partners.

“Zircuit was born out of cutting-edge scaling and security research. We’re innovating on top of a deep technical foundation, and making Ethereum safer for the next billion users. We’re thrilled to have Binance Labs join us in this journey”, said Dr. Martin Derka, Co-Founder of Zircuit.

About Zircuit

Zircuit is a ZK rollup with AI-enabled sequencer-level security and parallelized circuits. Built by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit’s unique architecture combines the best of both worlds of performance and security. To learn more visit zircuit.com or follow us on Twitter/X @ZircuitL2

About Binance Labs

As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.

Contact

Jessica GraberZircuitjessica@zircuit.com

Pepe (PEPE) has recently experienced a significant 32.6% drop in price, retracing to $0.00001131 after reaching its all-time high of $0.00001724.

The retracement brought PEPE back to a confluence point at the $0.00001131 support level, which also aligns with an ascending trendline support that has been retested multiple times in the past two months.

This pullback could present a potential buying opportunity for traders looking to capitalize on the dip and position themselves for the next surge.

At the time of writing, PEPE was valued at $0.00001264 on CoinMarketCap, showing a 3.17% increase in the last 24 hours but a 16.74% decrease over the past week.

The market capitalization stood at $5.3 billion, reflecting a 3.17% rise in the last 24 hours, while market volume decreased by 35.8% to $860 million during the same period.

AMBCrypto analyzed Santiment’s Active Addresses and circulation data, noting a surge in daily active addresses and transaction volumes over the past few weeks.

This data suggests a potential bullish rally, with active addresses experiencing several spikes, some surpassing 200,000 in a 24-hour period.

Further analysis of Santiment’s ratio of daily on-chain transaction volume in profit to loss showed the data skewed heavily towards profit, indicating increased user activity and potential accumulation.

READ MORE: MicroStrategy Defies Bearish Bets with Tripling Stock Price and Outperforms Bitcoin Amidst New ETF Introductions

Additionally, the daily PEPE/USD chart revealed that the recent pullback has found support along an ascending trendline, indicating that the uptrend may soon resume.

The Stochastic RSI was oversold at the time of analysis, potentially signaling a price reversal. Moreover, the MACD histogram had crossed above the signal line, suggesting a potential bullish crossover.

Considering the dip, PEPE’s current situation might present a potential buying opportunity.

The surge in active addresses and transaction volumes provides a major bullish signal.

The strong support along the ascending trendline and oversold conditions on the Stochastic RSI further affirm this bullish sentiment, suggesting more investors are considering buying the dip.

However, if the support fails to hold, PEPE could see further declines in its price.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Pepe Vampire could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.

Pepe Vampire (PEPEVAMP), a new Solana memecoin that was launched today, is poised to explode over 9,000% in price in the coming days.

This is because PEPEVAMP has announced its first centralized exchange listing, which will be on KuCoin.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.

Currently, Pepe Vampire can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Pepe Vampire could become the next viral memecoin.

Pepe Vampire launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Pepe Vampire on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Vampire by entering its contract address – 2CSHkXp9bAt5NxEmT7sW2Kg5yw5FWQmVsYsMYm8YrAyP – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEVAMP.

Starting today, June 10, 2024, the Solana Foundation has removed an undisclosed number of validators from its pool for participating in sandwich attacks against other on-chain SOL accounts.

According to Mert Mumtaz, co-founder of Helius, these violators will no longer receive subsidies from the Solana Foundation.

Mumtaz explained on X that the detection of malicious validators was made possible through specific modifications.

Solana’s architecture does not allow MEV (maximum extracted value) practices natively since its clients do not access mempools.

Removing these validators from the Solana Foundation’s support pool does not mean their termination or additional penalties.

Instead, the foundation is merely withdrawing financial backing to prevent retail users from being exploited.

Mumtaz emphasized that the Solana Foundation only accounts for 16% of the validator pool in its consensus mechanism.

Despite these measures, Mumtaz pointed out that the impact of this action is limited.

READ MORE: Bitcoin’s Rebound Could Trigger $1 Billion Short Position Liquidation Amid Market Uncertainty

Validators can still operate independently, leading to potential MEV attacks. MEV, which stands for “maximum extracted value” or “miners extracted value,” involves taking advantage of on-chain traders by sniping mempools.

Mumtaz admitted that Solana still faces many other forms of MEV, indicating that while the foundation’s decision is a step forward, it does not entirely eliminate the risk.

MEV snipers are known to spend substantial amounts on gas, as previously reported by U.Today.

In the last 24 hours, Solana’s core cryptocurrency, SOL, experienced a 0.8% decline, currently trading at $158.65 on spot crypto exchanges.

This move by the Solana Foundation underscores its commitment to protecting retail users and maintaining the integrity of the network.

However, it also highlights the challenges of completely eradicating MEV practices in a permissionless network where validators have considerable freedom.

In summary, while the Solana Foundation has taken significant steps to penalize malicious validators, the broader issue of MEV attacks remains a complex challenge within the Solana ecosystem.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Harambe on Solana could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.

Harambe on Solana (HARAMSOL), a new Solana memecoin that was launched today, is poised to explode over 16,000% in price in the coming days.

This is because HARAMSOL has announced its first centralized exchange listing, which will be on KuCoin.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.

Currently, Harambe on Solana can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Harambe on Solana could become the next viral memecoin.

Harambe on Solana launched with over $4,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Harambe on Solana on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Harambe on Solana by entering its contract address – GTBbj8JgVFLmL7PteCThkBLoxUzzBJBH9xfq8BNJhUTN – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HARAMSOL.

Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Free Andrew Tate (3TATE) presents a similar opportunity for a limited time.

Free Andrew Tate (3TATE), a newly launched Solana memecoin, is poised to explode over 17,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.

3TATE will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Free Andrew Tate.

Currently, Free Andrew Tate can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy 3TATE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Free Andrew Tate by entering its contract address – ADyL5Ltd4P7ix6xeSoCztXYRkBy4YyCkKr3h6rRCm4Bm – in the receiving field.

3TATE currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

Pepe Vampire could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.

Pepe Vampire (PEPEVAMP), a new Solana memecoin that was launched today, is poised to explode over 9,000% in price in the coming days.

This is because PEPEVAMP has announced its first centralized exchange listing, which will be on KuCoin.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.

Currently, Pepe Vampire can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Pepe Vampire could become the next viral memecoin.

Pepe Vampire launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Pepe Vampire on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Vampire by entering its contract address – 2CSHkXp9bAt5NxEmT7sW2Kg5yw5FWQmVsYsMYm8YrAyP – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEVAMP.

In a notable achievement for the cryptocurrency industry, global Spot Bitcoin ETFs have now amassed over $70 billion in total holdings, representing about 5% of the entire Bitcoin (BTC) supply.

This milestone underscores the rising institutional interest and investment in Bitcoin as a credible asset class.

Spot Bitcoin ETFs have become a formidable presence in the cryptocurrency market, with their holdings exceeding $70 billion, equivalent to 5% of Bitcoin’s total supply.

As of March 2024, these ETFs collectively held around 776,464 BTC.

This remarkable growth in Spot Bitcoin ETFs is primarily fueled by major asset management firms like BlackRock and Grayscale, indicating increased institutional adoption and trust in Bitcoin.

The rapid expansion of Spot Bitcoin ETFs has also influenced Bitcoin’s price, pushing it to an all-time high of over $73,000 earlier in March 2024.

This price surge mirrors the rising demand for Bitcoin among institutional investors, further establishing its legitimacy as an investment option.

READ MORE: Bitcoin’s Rebound Could Trigger $1 Billion Short Position Liquidation Amid Market Uncertainty

Despite the substantial inflows into Spot Bitcoin ETFs, the cryptocurrency market has experienced a phase of consolidation, with Bitcoin trading sideways and occasionally dipping.

Nonetheless, recent data reveals a renewed surge in investor interest, with digital asset investment products seeing inflows totaling $2 billion in the past week alone.

Bitcoin dominated these inflows, attracting a remarkable $1.97 billion in investments.

Currently, Bitcoin is priced at $69,414.92, with a 24-hour trading volume of $15.4 billion.

While it has seen a slight decline of -0.10% in the last 24 hours, Bitcoin has posted a modest increase of 0.47% over the past 7 days.

With a circulating supply of 20 million BTC, Bitcoin now has a market capitalization of $1.3 trillion, solidifying its position as the leading cryptocurrency by market value.

Despite short-term market fluctuations, Bitcoin’s overall trajectory remains positive, driven by growing institutional adoption and increasing investor confidence in its long-term prospects.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Shiba Inu (SHIB) ecosystem marketing lead Lucie recently shared an exciting update on X about the future of the SHIB Metaverse.

She emphasized the potential integration of fully homomorphic encryption (FHE) privacy layers, a groundbreaking technology that could transform user interactions in the virtual world.

Lucie proposed that the SHIB Army consider adopting FHE privacy layers in its operating system.

She explained that FHE technology, specifically Zama in their case, allows encrypted data to be analyzed directly without exposing private information to the analyzing party.

Lucie noted that this technology could be implemented in the SHIB Metaverse to keep user interactions private and secure by embedding FHE within the virtual environment.

While public interaction will still be an option, the addition of FHE technology will enable users who prefer private engagements to do so without sacrificing data security.

This dual approach aims to improve the overall user experience, catering to various preferences within the community.

Reflecting on previous excitement about the Shiba Inu Metaverse, Lucie’s tweet also recalled her anticipation in March when she hinted at significant plans, including the introduction of a new token, TREAT.

TREAT is designed to play a crucial role in the ecosystem, providing rewards within the SHIB Metaverse.

READ MORE: MicroStrategy Defies Bearish Bets with Tripling Stock Price and Outperforms Bitcoin Amidst New ETF Introductions

The development and integration of TREAT are expected to bring considerable benefits to the Metaverse, fostering engagement and incentivizing participation.

As the Shiba Inu Metaverse continues to evolve, these technological advancements and strategic developments highlight Shiba Inu’s commitment to creating a secure, rewarding, and inclusive virtual environment for its community.

The incorporation of FHE technology, developed by Zama, into the SHIB Metaverse could also set a new standard for other virtual worlds and ecosystems.

As privacy concerns grow in the digital age, the project’s proactive approach to data security and user privacy could position it as a leader in the space.

The Shiba Inu community, known for its enthusiastic and supportive nature, is likely to embrace these advancements wholeheartedly.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Bitcoin hovered around $69,000 on June 8 as traders recovered from a sudden sell-off.

Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin’s price began to stabilize over the weekend.

The largest cryptocurrency had faced abrupt volatility due to what was described as “schizophrenic” U.S. employment data during the prior Wall Street opening.

The market situation was further exacerbated by a significant drop in altcoins, triggered by a livestream from pseudonymous investor Roaring Kitty.

On Bitstamp, BTC/USD hit local lows of $68,450, while the largest altcoin, Ether (ETH), briefly dipped below $3,600.

Reflecting on the past 24 hours, trading firm QCP Capital labeled the U.S. session as “doubly strange.”

They stated, “It was confusing enough to trigger a risk-off ahead of US inflation numbers and FOMC next Wed.” This was part of their latest update to Telegram channel subscribers.

QCP highlighted next week’s macroeconomic data releases, which include the Consumer Price Index (CPI) and the Federal Reserve meeting on interest rate policy.

“Followed by a Roaring Kitty live stream which had almost a million viewers, during which GME stock price crashed,” they continued.

“It was probably not a coincidence that Alts and Memecoins started collapsing as well, with over $40 billion wiped in market cap.”

READ MORE: MicroStrategy Defies Bearish Bets with Tripling Stock Price and Outperforms Bitcoin Amidst New ETF Introductions

Despite the turmoil, QCP saw the local lows of BTC and ETH as “a good opportunity to buy the dip,” predicting that future Federal Reserve actions could benefit risk assets.

Focusing on key levels, crypto market analysts identified the monthly open around $67,500 as a crucial support level if the weakness persisted.

“Lots of coins are at do-or-die levels IMO, these are the types of trades I like,” popular trader Crypto Chase shared on X.

He added, “If we lose all these levels, we lose the current HTF bullish bias to a degree IMO. BTC holding 64-65K would be the last hope before destruction.”

A potential positive aspect emerged with a leverage flush across Bitcoin and Ether.

“Bitcoin lost approximately $1.3B in Open Interest on this flush. $ETH also lost about $800M, totaling well over $2B for just BTC & ETH combined,” noted trader Daan Crypto Trades.

Previously, Cointelegraph reported on global liquidity trends already supporting a BTC price breakout to all-time highs.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Dog Wif M16 (DOGM16), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.

Currently, Dog Wif M16 can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Dog Wif M16 could become the next viral memecoin.

In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.

Dog Wif M16 launched with over $4,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Dog Wif M16 on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Dog Wif M16 by entering its contract address – 5C2LDJCVSLDL9w26763gMhgYNTB6g1TdHMN9boMqp5tB – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DOGM16.

Ripple’s Chief Technology Officer (CTO) David Schwartz has addressed rumors suggesting the company might abandon its association with the XRP token.

Such rumors have been concerning as Ripple has provided major utilities for XRP, which could negatively impact its price.

In an X (formerly Twitter) post, Schwartz clarified that Ripple wasn’t abandoning XRP and explained that the rumors were based on a misunderstanding.

The speculation started when an X user (@AspenSignals) posted Schwartz’s cover photo on his X platform, questioning if Ripple was moving away from XRP.

The confusion stemmed from Schwartz’s cover photo, which hinted that a “web of corruption” in the financial world was preventing Ripple from achieving its goal of providing instant payment services using XRP.

Schwartz clarified that these lines were from a fictional pitch for a fictional movie, not a reflection of Ripple’s reality.

He mentioned that the circumstances depicted in the pitch have not materialized, indicating that Ripple is not facing such challenges.

This clarification comes amid Ripple’s ongoing legal battle with the Securities and Exchange Commission (SEC).

There were concerns that the SEC’s actions, influenced by claims from Ethereum insider Steven Nerayoff, were maliciously enforced against Ripple.

This lawsuit has significantly impacted Ripple’s operations, raising fears that regulatory pressures might force the company to abandon XRP.

READ MORE: Bitcoin Stabilizes at $69,000 Amid Volatile Sell-Off Driven by U.S. Employment Data and Roaring Kitty Livestream

Schwartz’s prompt response has alleviated concerns within the XRP community. XRP remains central to Ripple’s operations, primarily used for cross-border payment services.

Ripple, being the largest holder of XRP with nearly 50% of its supply, added to the anxiety over potential market impacts if the company were to abandon the token.

In a CNBC interview, Ripple’s President Monica Long reassured that XRP remains integral to the company’s long-term strategy.

When asked about the necessity of XRP amid plans to launch a stablecoin, Long confirmed that XRP would continue to be used in Ripple’s operations.

She emphasized that Ripple employs a “mix of assets” for its payment services.

Long also noted that XRP has a unique role as a bridge asset for diverse currency pairs.

She hinted at future uses of XRP, stating that it will provide liquidity as Ripple tokenizes more on-chain assets.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Digital asset investment products had a strong start in June, with nearly all providers experiencing inflows and an overall inflow of $2 billion.

On June 10, CoinShares published its weekly fund flows report, highlighting that crypto investment products gathered over $2 billion in inflows.

This brought digital asset products’ five-week total to $4.3 billion.

Additionally, trading volumes for exchange-traded products (ETPs) soared to $12.8 billion for the first week of June, marking a 55% increase compared to the previous week.

CoinShares noted that almost all providers of crypto ETPs saw inflows in the first week of June, describing this pattern as unusual and suggesting it might be a response to weaker macroeconomic data.

CoinShares wrote, “We believe this turnaround in sentiment is a direct response to weaker than expected macro data in the U.S., bringing forward monetary policy rate cut expectations.”

They also mentioned that positive price action pushed the total assets under management (AUM) to exceed $100 billion for the first time since March 2024.

Among the digital asset investment product providers, only Grayscale Investments and CoinShares XBT recorded outflows for the week.

READ MORE: Bitcoin Stabilizes at $69,000 Amid Volatile Sell-Off Driven by U.S. Employment Data and Roaring Kitty Livestream

For those with inflows, the iShares exchange-traded fund (ETF) in the United States recorded the highest inflows with $948 million, followed by Fidelity ETFs with $680 million.

Bitcoin continued to lead the ETF space, with $1.97 billion in inflows for the week. Ether-based products also saw significant inflows, totaling $69 million, their best record since March.

CoinShares attributes this to the recent approval of spot Ether ETFs, noting, “This is likely a response to the recent approval of spot Ether ETFs.”

On May 23, the Securities and Exchange Commission officially approved several spot ETH ETFs in the United States.

Altcoin-based ETPs had minor activity, with Fantom and XRP showing inflows of $1.4 million and $1.2 million, respectively.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Free Andrew Tate (3TATE) presents a similar opportunity for a limited time.

Free Andrew Tate (3TATE), a newly launched Solana memecoin, is poised to explode over 17,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.

3TATE will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Free Andrew Tate.

Currently, Free Andrew Tate can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

To buy 3TATE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Free Andrew Tate by entering its contract address – ADyL5Ltd4P7ix6xeSoCztXYRkBy4YyCkKr3h6rRCm4Bm – in the receiving field.

3TATE currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.

Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

Starting today, June 10, 2024, the Solana Foundation has removed an undisclosed number of validators from its pool for participating in sandwich attacks against other on-chain SOL accounts.

According to Mert Mumtaz, co-founder of Helius, these violators will no longer receive subsidies from the Solana Foundation.

Mumtaz explained on X that the detection of malicious validators was made possible through specific modifications.

Solana’s architecture does not allow MEV (maximum extracted value) practices natively since its clients do not access mempools.

Removing these validators from the Solana Foundation’s support pool does not mean their termination or additional penalties.

Instead, the foundation is merely withdrawing financial backing to prevent retail users from being exploited.

Mumtaz emphasized that the Solana Foundation only accounts for 16% of the validator pool in its consensus mechanism.

Despite these measures, Mumtaz pointed out that the impact of this action is limited.

READ MORE: Bitcoin’s Rebound Could Trigger $1 Billion Short Position Liquidation Amid Market Uncertainty

Validators can still operate independently, leading to potential MEV attacks. MEV, which stands for “maximum extracted value” or “miners extracted value,” involves taking advantage of on-chain traders by sniping mempools.

Mumtaz admitted that Solana still faces many other forms of MEV, indicating that while the foundation’s decision is a step forward, it does not entirely eliminate the risk.

MEV snipers are known to spend substantial amounts on gas, as previously reported by U.Today.

In the last 24 hours, Solana’s core cryptocurrency, SOL, experienced a 0.8% decline, currently trading at $158.65 on spot crypto exchanges.

This move by the Solana Foundation underscores its commitment to protecting retail users and maintaining the integrity of the network.

However, it also highlights the challenges of completely eradicating MEV practices in a permissionless network where validators have considerable freedom.

In summary, while the Solana Foundation has taken significant steps to penalize malicious validators, the broader issue of MEV attacks remains a complex challenge within the Solana ecosystem.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Pepe (PEPE) has recently experienced a significant 32.6% drop in price, retracing to $0.00001131 after reaching its all-time high of $0.00001724.

The retracement brought PEPE back to a confluence point at the $0.00001131 support level, which also aligns with an ascending trendline support that has been retested multiple times in the past two months.

This pullback could present a potential buying opportunity for traders looking to capitalize on the dip and position themselves for the next surge.

At the time of writing, PEPE was valued at $0.00001264 on CoinMarketCap, showing a 3.17% increase in the last 24 hours but a 16.74% decrease over the past week.

The market capitalization stood at $5.3 billion, reflecting a 3.17% rise in the last 24 hours, while market volume decreased by 35.8% to $860 million during the same period.

AMBCrypto analyzed Santiment’s Active Addresses and circulation data, noting a surge in daily active addresses and transaction volumes over the past few weeks.

This data suggests a potential bullish rally, with active addresses experiencing several spikes, some surpassing 200,000 in a 24-hour period.

Further analysis of Santiment’s ratio of daily on-chain transaction volume in profit to loss showed the data skewed heavily towards profit, indicating increased user activity and potential accumulation.

READ MORE: MicroStrategy Defies Bearish Bets with Tripling Stock Price and Outperforms Bitcoin Amidst New ETF Introductions

Additionally, the daily PEPE/USD chart revealed that the recent pullback has found support along an ascending trendline, indicating that the uptrend may soon resume.

The Stochastic RSI was oversold at the time of analysis, potentially signaling a price reversal. Moreover, the MACD histogram had crossed above the signal line, suggesting a potential bullish crossover.

Considering the dip, PEPE’s current situation might present a potential buying opportunity.

The surge in active addresses and transaction volumes provides a major bullish signal.

The strong support along the ascending trendline and oversold conditions on the Stochastic RSI further affirm this bullish sentiment, suggesting more investors are considering buying the dip.

However, if the support fails to hold, PEPE could see further declines in its price.

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In a notable achievement for the cryptocurrency industry, global Spot Bitcoin ETFs have now amassed over $70 billion in total holdings, representing about 5% of the entire Bitcoin (BTC) supply.

This milestone underscores the rising institutional interest and investment in Bitcoin as a credible asset class.

Spot Bitcoin ETFs have become a formidable presence in the cryptocurrency market, with their holdings exceeding $70 billion, equivalent to 5% of Bitcoin’s total supply.

As of March 2024, these ETFs collectively held around 776,464 BTC.

This remarkable growth in Spot Bitcoin ETFs is primarily fueled by major asset management firms like BlackRock and Grayscale, indicating increased institutional adoption and trust in Bitcoin.

The rapid expansion of Spot Bitcoin ETFs has also influenced Bitcoin’s price, pushing it to an all-time high of over $73,000 earlier in March 2024.

This price surge mirrors the rising demand for Bitcoin among institutional investors, further establishing its legitimacy as an investment option.

READ MORE: Bitcoin’s Rebound Could Trigger $1 Billion Short Position Liquidation Amid Market Uncertainty

Despite the substantial inflows into Spot Bitcoin ETFs, the cryptocurrency market has experienced a phase of consolidation, with Bitcoin trading sideways and occasionally dipping.

Nonetheless, recent data reveals a renewed surge in investor interest, with digital asset investment products seeing inflows totaling $2 billion in the past week alone.

Bitcoin dominated these inflows, attracting a remarkable $1.97 billion in investments.

Currently, Bitcoin is priced at $69,414.92, with a 24-hour trading volume of $15.4 billion.

While it has seen a slight decline of -0.10% in the last 24 hours, Bitcoin has posted a modest increase of 0.47% over the past 7 days.

With a circulating supply of 20 million BTC, Bitcoin now has a market capitalization of $1.3 trillion, solidifying its position as the leading cryptocurrency by market value.

Despite short-term market fluctuations, Bitcoin’s overall trajectory remains positive, driven by growing institutional adoption and increasing investor confidence in its long-term prospects.

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FTX Reborn (FTXREB), a new Solana memecoin that was launched on Sunday, is poised to explode over 14,000% in price in the coming days.

Currently, FTX Reborn can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and FTX Reborn could become the next viral memecoin.

In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.

FTX Reborn launched with over $4,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy FTX Reborn on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for FTX Reborn by entering its contract address – 7hJSBtA9Fg4CuKY3546iVsVDPKP3NfCDK96YRKd19BJT – in the receiving field.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like FTXREB.

Bitcoin hovered around $69,000 on June 8 as traders recovered from a sudden sell-off.

Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin’s price began to stabilize over the weekend.

The largest cryptocurrency had faced abrupt volatility due to what was described as “schizophrenic” U.S. employment data during the prior Wall Street opening.

The market situation was further exacerbated by a significant drop in altcoins, triggered by a livestream from pseudonymous investor Roaring Kitty.

On Bitstamp, BTC/USD hit local lows of $68,450, while the largest altcoin, Ether (ETH), briefly dipped below $3,600.

Reflecting on the past 24 hours, trading firm QCP Capital labeled the U.S. session as “doubly strange.”

They stated, “It was confusing enough to trigger a risk-off ahead of US inflation numbers and FOMC next Wed.” This was part of their latest update to Telegram channel subscribers.

QCP highlighted next week’s macroeconomic data releases, which include the Consumer Price Index (CPI) and the Federal Reserve meeting on interest rate policy.

“Followed by a Roaring Kitty live stream which had almost a million viewers, during which GME stock price crashed,” they continued.

“It was probably not a coincidence that Alts and Memecoins started collapsing as well, with over $40 billion wiped in market cap.”

READ MORE: Bitcoin’s Rebound Could Trigger $1 Billion Short Position Liquidation Amid Market Uncertainty

Despite the turmoil, QCP saw the local lows of BTC and ETH as “a good opportunity to buy the dip,” predicting that future Federal Reserve actions could benefit risk assets.

Focusing on key levels, crypto market analysts identified the monthly open around $67,500 as a crucial support level if the weakness persisted.

“Lots of coins are at do-or-die levels IMO, these are the types of trades I like,” popular trader Crypto Chase shared on X.

He added, “If we lose all these levels, we lose the current HTF bullish bias to a degree IMO. BTC holding 64-65K would be the last hope before destruction.”

A potential positive aspect emerged with a leverage flush across Bitcoin and Ether.

“Bitcoin lost approximately $1.3B in Open Interest on this flush. $ETH also lost about $800M, totaling well over $2B for just BTC & ETH combined,” noted trader Daan Crypto Trades.

Previously, Cointelegraph reported on global liquidity trends already supporting a BTC price breakout to all-time highs.

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