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๐ Crypto Reports (May 30, 2024):
1๏ธโฃ Ethena Labs: Ethena Labs, the issuer of USDe, has published a detailed report on the reserves and collateral supporting its stablecoin. The report encompasses data from three custodian certificates that validate the asset's backing. ๐ผ
2๏ธโฃ Michael Saylor: As of May 24, 2024, spot #Bitcoin ETFs manage over 1,002,343 BTC, valued at approximately $69.1 billion. ๐
3๏ธโฃ CoinShares: The inflow into cryptocurrency investment products totaled $1.05 billion from May 18 to May 24, marking the third consecutive week of positive growth. ๐ฐ
4๏ธโฃ RBK: According to the Industrial Mining Association, #Russia currently accounts for 14-17% of the global hash rate. BitRiver, the leading miner in the industry, generated earnings of 12.56 billion rubles in 2023. โ๏ธ
5๏ธโฃ Nansen: DBS Bank, the largest bank in Singapore, holds 173,753 #Ethereum (ETH) on its balance sheet, amounting to approximately $650 million at the time of publication. ๐ฆ
๐ If you found this information valuable, don't forget to like, comment, or subscribe for more updates!
1๏ธโฃ Ethena Labs: Ethena Labs, the issuer of USDe, has published a detailed report on the reserves and collateral supporting its stablecoin. The report encompasses data from three custodian certificates that validate the asset's backing. ๐ผ
2๏ธโฃ Michael Saylor: As of May 24, 2024, spot #Bitcoin ETFs manage over 1,002,343 BTC, valued at approximately $69.1 billion. ๐
3๏ธโฃ CoinShares: The inflow into cryptocurrency investment products totaled $1.05 billion from May 18 to May 24, marking the third consecutive week of positive growth. ๐ฐ
4๏ธโฃ RBK: According to the Industrial Mining Association, #Russia currently accounts for 14-17% of the global hash rate. BitRiver, the leading miner in the industry, generated earnings of 12.56 billion rubles in 2023. โ๏ธ
5๏ธโฃ Nansen: DBS Bank, the largest bank in Singapore, holds 173,753 #Ethereum (ETH) on its balance sheet, amounting to approximately $650 million at the time of publication. ๐ฆ
๐ If you found this information valuable, don't forget to like, comment, or subscribe for more updates!
๐ช Crypto News (May 30, 2024):
1๏ธโฃ Sei: The #Sei project team is gearing up to reward users for their active participation in the ecosystem since the launch of the mainnet Pacific-1. The second Sei fund #airdrop targets mainnet users, distributing over 27 million tokens across 43,052 addresses. ๐
2๏ธโฃ INCRYPTED: On May 29, 2024, Circle, the issuer of the #USDC stablecoin, announced the commencement of operations in Brazil. The company unveiled its services during a thematic forum held in Sรฃo Paulo. ๐ง๐ท
3๏ธโฃ Solana: PayPal, issuer of PYUSD, has rolled out its stablecoin on the #Solana network, citing the blockchain's high speed and low fees as key factors in its decision. ๐ณ
4๏ธโฃ BW: The New York Stock Exchange (NYSE) has revealed a collaboration with cryptocurrency publication CoinDesk, with plans to introduce options contracts based on the CoinDesk Bitcoin Price Index (XBX). The index tracks bitcoin's spot price across various exchanges, updating once per second daily. ๐
5๏ธโฃ Galxe: Galxe, a leading Web3 loyalty program platform, has announced the launch of the #Gravity first-layer blockchain. Engineered for cross-chain interoperability, the new system leverages zero-knowledge proofs. ๐
๐ Haven't subscribed yet? Don't miss out! Hit the subscribe button for more updates. Or show your support by leaving a like or comment below!
1๏ธโฃ Sei: The #Sei project team is gearing up to reward users for their active participation in the ecosystem since the launch of the mainnet Pacific-1. The second Sei fund #airdrop targets mainnet users, distributing over 27 million tokens across 43,052 addresses. ๐
2๏ธโฃ INCRYPTED: On May 29, 2024, Circle, the issuer of the #USDC stablecoin, announced the commencement of operations in Brazil. The company unveiled its services during a thematic forum held in Sรฃo Paulo. ๐ง๐ท
3๏ธโฃ Solana: PayPal, issuer of PYUSD, has rolled out its stablecoin on the #Solana network, citing the blockchain's high speed and low fees as key factors in its decision. ๐ณ
4๏ธโฃ BW: The New York Stock Exchange (NYSE) has revealed a collaboration with cryptocurrency publication CoinDesk, with plans to introduce options contracts based on the CoinDesk Bitcoin Price Index (XBX). The index tracks bitcoin's spot price across various exchanges, updating once per second daily. ๐
5๏ธโฃ Galxe: Galxe, a leading Web3 loyalty program platform, has announced the launch of the #Gravity first-layer blockchain. Engineered for cross-chain interoperability, the new system leverages zero-knowledge proofs. ๐
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๐ Prediction (FET and WLD):
๐ FET/USDT - The price of #Fetch.ai might decrease as investors are currently showing bearish sentiments. This is indicated by the dynamics of the network growth indicator, which assesses the formation of new addresses in the project's network. It shows whether the project is gaining or losing popularity in the market. In the case of FET, network growth has dropped to a seven-month low, indicating a lack of incentives for investors to make transactions in the network.
Forecast: The token is trading just above the support level of $2.22. This price point was previously tested as resistance, so it is important for the price to stay above it to maintain the potential for growth to $2.49. This level has been broken several times over the past two months, but the coin has not been able to hold above it. Considering the factors mentioned above, #FET could fall to $1.95. However, if the altcoin manages to bounce back and overcome the resistance at $2.49, it could head towards $2.85. This would also nullify the current bearish scenario for Fetch.ai.
๐ WLD/USDT - According to the on-chain indicator Global In/Out of the Money (GIOM), about 27.11 million #WLD tokens are at the profitability boundary. Tokens worth over $130 million were bought at prices ranging from $4.38 to $4.95. Considering that WLD is currently trading around $4.91, profit is within reach. Although the altcoin is currently inclined towards consolidation, this is not related to sales by investors.
Forecast: The price of #Worldcoinโ is currently $4.91. The altcoin formed a "double bottom" pattern in April and then consolidated since mid-May. The boundaries of this consolidation are at $5.64 and $4.38, with WLD not even approaching a breakthrough of the first level. The second line has withstood several tests but has held firm. Thus, the likely scenario for the coin is sideways movement. If the price drops below the support level of $4.38, this neutral-bullish scenario will be nullified. As a result, WLD may test the $4.00 mark as the next key support.
๐ Please share.
๐ FET/USDT - The price of #Fetch.ai might decrease as investors are currently showing bearish sentiments. This is indicated by the dynamics of the network growth indicator, which assesses the formation of new addresses in the project's network. It shows whether the project is gaining or losing popularity in the market. In the case of FET, network growth has dropped to a seven-month low, indicating a lack of incentives for investors to make transactions in the network.
Forecast: The token is trading just above the support level of $2.22. This price point was previously tested as resistance, so it is important for the price to stay above it to maintain the potential for growth to $2.49. This level has been broken several times over the past two months, but the coin has not been able to hold above it. Considering the factors mentioned above, #FET could fall to $1.95. However, if the altcoin manages to bounce back and overcome the resistance at $2.49, it could head towards $2.85. This would also nullify the current bearish scenario for Fetch.ai.
๐ WLD/USDT - According to the on-chain indicator Global In/Out of the Money (GIOM), about 27.11 million #WLD tokens are at the profitability boundary. Tokens worth over $130 million were bought at prices ranging from $4.38 to $4.95. Considering that WLD is currently trading around $4.91, profit is within reach. Although the altcoin is currently inclined towards consolidation, this is not related to sales by investors.
Forecast: The price of #Worldcoinโ is currently $4.91. The altcoin formed a "double bottom" pattern in April and then consolidated since mid-May. The boundaries of this consolidation are at $5.64 and $4.38, with WLD not even approaching a breakthrough of the first level. The second line has withstood several tests but has held firm. Thus, the likely scenario for the coin is sideways movement. If the price drops below the support level of $4.38, this neutral-bullish scenario will be nullified. As a result, WLD may test the $4.00 mark as the next key support.
๐ Please share.
๐ช Crypto News (May 30, 2024):
1๏ธโฃ Lookonchain: An anonymous trader multiplied their deposit by 762 times in just five hours. They transformed $861 into $650,000 by trading the meme coin #MOTHER on the Solana network. This trader spent 5.14 SOL ($861 at the time) to buy 86.55 million MOTHER, which was 8.66% of the total token supply. About five hours later, they sold 80.41 million MOTHER for 3,035.5 SOL, valued at $509,000. ๐
2๏ธโฃ DLNews: #Binance France, the French division of the cryptocurrency exchange Binance, has completely divested former CEO Changpeng Zhao of his shares. ๐ฆ
3๏ธโฃ Morningstar: #Ripple Labs has allocated an additional $25 million to the super political action committee (Super PAC) Fairshake to support certain politicians and groups. ๐ฐ
4๏ธโฃ Justice: Former #FTX Digital Markets CEO Ryan Salame has been sentenced to 90 monthsโ7.5 yearsโin prison. The court also mandated him to pay a total of $11 million. Salame pleaded guilty in September 2023 to two charges: conspiracy to make illegal political donations and operating an unlicensed money transfer business. โ๏ธ
5๏ธโฃ UXLINK: The social Web3 platform #UXLINK has officially announced the date for the "In UXLINK We Trust" airdrop snapshot. The snapshot will be taken on June 3, 2024, at 23:59 UTC. ๐
๐ If you enjoyed this update, don't forget to like and subscribe! Or leave a comment with your thoughts!
1๏ธโฃ Lookonchain: An anonymous trader multiplied their deposit by 762 times in just five hours. They transformed $861 into $650,000 by trading the meme coin #MOTHER on the Solana network. This trader spent 5.14 SOL ($861 at the time) to buy 86.55 million MOTHER, which was 8.66% of the total token supply. About five hours later, they sold 80.41 million MOTHER for 3,035.5 SOL, valued at $509,000. ๐
2๏ธโฃ DLNews: #Binance France, the French division of the cryptocurrency exchange Binance, has completely divested former CEO Changpeng Zhao of his shares. ๐ฆ
3๏ธโฃ Morningstar: #Ripple Labs has allocated an additional $25 million to the super political action committee (Super PAC) Fairshake to support certain politicians and groups. ๐ฐ
4๏ธโฃ Justice: Former #FTX Digital Markets CEO Ryan Salame has been sentenced to 90 monthsโ7.5 yearsโin prison. The court also mandated him to pay a total of $11 million. Salame pleaded guilty in September 2023 to two charges: conspiracy to make illegal political donations and operating an unlicensed money transfer business. โ๏ธ
5๏ธโฃ UXLINK: The social Web3 platform #UXLINK has officially announced the date for the "In UXLINK We Trust" airdrop snapshot. The snapshot will be taken on June 3, 2024, at 23:59 UTC. ๐
๐ If you enjoyed this update, don't forget to like and subscribe! Or leave a comment with your thoughts!
๐ช Crypto News (May 30, 2024):
1๏ธโฃ PR Newswire: Semler Scientific, a company specializing in marketing technologies for the medical industry, has announced the acquisition of 581 BTC. The company paid $40 million for this amount of the asset. ๐ฐ
2๏ธโฃ hankyung: In 2023, #Binance sold Gopax customer claims to Genesis Global for less than half of their face value. ๐ป
3๏ธโฃ BLOCKCHAINPARTY.CZ: On June 5, 2024, the Blockchainparty.cz conference will be held in Prague as part of Prague Blockchain Week 2024. ๐
4๏ธโฃ ZKasino: The blockchain casino #ZKasino has initiated a two-phase bridge recovery process, allowing users to register and reclaim their ETH at a 1:1 ratio. This is for users who opted out of the ZKAS conversion. Participants can register and submit their first batch of bridge rewards in tokens. Note that subscribing will forfeit the remaining 14 months of #ZKAS farming. Registration is open until May 31 and requires the original ETH deposit address. โป๏ธ
5๏ธโฃ CourtListener: On May 28, 2024, the District Court of Utah concluded the DEBT Box case. Federal Judge Robert Shelby dismissed the SEC's lawsuit against the organization and ordered the regulator to pay approximately $1.8 million to lawyers and trustees. The #SEC is to pay around $1 million in legal fees and costs, and $750,000 to the trustee. โ๏ธ
๐ If you enjoyed this update, please like, subscribe, or leave a comment below!
1๏ธโฃ PR Newswire: Semler Scientific, a company specializing in marketing technologies for the medical industry, has announced the acquisition of 581 BTC. The company paid $40 million for this amount of the asset. ๐ฐ
2๏ธโฃ hankyung: In 2023, #Binance sold Gopax customer claims to Genesis Global for less than half of their face value. ๐ป
3๏ธโฃ BLOCKCHAINPARTY.CZ: On June 5, 2024, the Blockchainparty.cz conference will be held in Prague as part of Prague Blockchain Week 2024. ๐
4๏ธโฃ ZKasino: The blockchain casino #ZKasino has initiated a two-phase bridge recovery process, allowing users to register and reclaim their ETH at a 1:1 ratio. This is for users who opted out of the ZKAS conversion. Participants can register and submit their first batch of bridge rewards in tokens. Note that subscribing will forfeit the remaining 14 months of #ZKAS farming. Registration is open until May 31 and requires the original ETH deposit address. โป๏ธ
5๏ธโฃ CourtListener: On May 28, 2024, the District Court of Utah concluded the DEBT Box case. Federal Judge Robert Shelby dismissed the SEC's lawsuit against the organization and ordered the regulator to pay approximately $1.8 million to lawyers and trustees. The #SEC is to pay around $1 million in legal fees and costs, and $750,000 to the trustee. โ๏ธ
๐ If you enjoyed this update, please like, subscribe, or leave a comment below!
๐ช Crypto News (May 28, 2024):
1๏ธโฃ Lookonchain: An unknown trader earned over $2.7 million by investing in the memecoin MAGA. In just three days, he increased his deposit by 505%. On May 24 and 25, 2024, he purchased 6 billion #MAGA for $537,000. By May 27, he sold 1.5 billion tokens for about $744,000. He still holds 4.5 billion MAGA, which are currently valued at $2.11 million. ๐ฐ
2๏ธโฃ Taiko: The Taiko project, a Layer 2 solution for #Ethereum scaling, has launched its mainnet. This milestone follows a two-year development period. The final sixth testnet, named Katla (Alpha-6), was launched by the team in January. ๐ ๏ธ
3๏ธโฃ Lookonchain: An anonymous investor made over $1.24 million in three and a half years by investing in the memecoin Shiba Inu (SHIB). On February 1, 2021, he spent 2 ETH ($2625 at that time) to buy 49.08 billion #SHIB on the decentralized exchange Uniswap. On May 27, 2024, he sold the assets for 278.7 ETH ($1.23 million). This means he increased his deposit by 419 times. ๐
4๏ธโฃ Ledger: #Ledger has announced the start of shipments for its new hardware crypto wallet, Stax. The device will be available for purchase on the official website once all pre-orders have been fulfilled. ๐
5๏ธโฃ Bloomberg: At least two of the largest Russian metal producers, not under sanctions, have begun using the stablecoin #USDT and other cryptocurrencies for international transactions. ๐
๐ Enjoyed this update? Make sure to subscribe, like, or leave a comment below! Your feedback is greatly appreciated!
1๏ธโฃ Lookonchain: An unknown trader earned over $2.7 million by investing in the memecoin MAGA. In just three days, he increased his deposit by 505%. On May 24 and 25, 2024, he purchased 6 billion #MAGA for $537,000. By May 27, he sold 1.5 billion tokens for about $744,000. He still holds 4.5 billion MAGA, which are currently valued at $2.11 million. ๐ฐ
2๏ธโฃ Taiko: The Taiko project, a Layer 2 solution for #Ethereum scaling, has launched its mainnet. This milestone follows a two-year development period. The final sixth testnet, named Katla (Alpha-6), was launched by the team in January. ๐ ๏ธ
3๏ธโฃ Lookonchain: An anonymous investor made over $1.24 million in three and a half years by investing in the memecoin Shiba Inu (SHIB). On February 1, 2021, he spent 2 ETH ($2625 at that time) to buy 49.08 billion #SHIB on the decentralized exchange Uniswap. On May 27, 2024, he sold the assets for 278.7 ETH ($1.23 million). This means he increased his deposit by 419 times. ๐
4๏ธโฃ Ledger: #Ledger has announced the start of shipments for its new hardware crypto wallet, Stax. The device will be available for purchase on the official website once all pre-orders have been fulfilled. ๐
5๏ธโฃ Bloomberg: At least two of the largest Russian metal producers, not under sanctions, have begun using the stablecoin #USDT and other cryptocurrencies for international transactions. ๐
๐ Enjoyed this update? Make sure to subscribe, like, or leave a comment below! Your feedback is greatly appreciated!
๐ Crypto Reports (May 28, 2024):
1๏ธโฃ Nvidia: #Nvidia Corporation has announced a record quarterly revenue of $26.04 billion, driven by the surge in artificial intelligence. This marks an 18% increase from the previous quarter and a remarkable 262% rise from the same period last year. ๐
2๏ธโฃ CoinShares: From May 11 to May 17, cryptocurrency investment products saw inflows totaling $932 million. ๐ฐ
3๏ธโฃ Nansen: The combined market capitalization of "stablecoins" has exceeded $160 billion. ๐
4๏ธโฃ CBR: In the fourth quarter of 2023 and the first quarter of 2024, the turnover of four crypto-assets (Bitcoin, Ethereum, USDT, and USDC) potentially linked to Russians reached 4.5 trillion rubles ($50.3 billion). ๐น
5๏ธโฃ Bloomberg: Between January and March, 25 new crypto-focused venture and hedge funds were launched, the highest number since the second quarter of 2021. ๐
๐ If you haven't subscribed yet, please do so, or give us a like! What are your thoughts on these developments? Leave a comment below!
1๏ธโฃ Nvidia: #Nvidia Corporation has announced a record quarterly revenue of $26.04 billion, driven by the surge in artificial intelligence. This marks an 18% increase from the previous quarter and a remarkable 262% rise from the same period last year. ๐
2๏ธโฃ CoinShares: From May 11 to May 17, cryptocurrency investment products saw inflows totaling $932 million. ๐ฐ
3๏ธโฃ Nansen: The combined market capitalization of "stablecoins" has exceeded $160 billion. ๐
4๏ธโฃ CBR: In the fourth quarter of 2023 and the first quarter of 2024, the turnover of four crypto-assets (Bitcoin, Ethereum, USDT, and USDC) potentially linked to Russians reached 4.5 trillion rubles ($50.3 billion). ๐น
5๏ธโฃ Bloomberg: Between January and March, 25 new crypto-focused venture and hedge funds were launched, the highest number since the second quarter of 2021. ๐
๐ If you haven't subscribed yet, please do so, or give us a like! What are your thoughts on these developments? Leave a comment below!
๐ Cyber News (May 27, 2024):
1๏ธโฃ Gala Games: The #hacker who breached the gaming platform Gala Games has returned the stolen 5913 ETH to the developers. As of now, these assets are valued at $22.2 million. ๐ฎ๐ฐ
2๏ธโฃ rthk: The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has concluded its investigation into Worldcoin. The agency determined that Worldcoin's operations violate the "Privacy Ordinance." The findings revealed breaches in data protection principles concerning the collection, storage, access, and correction of personal information. ๐๐ก๏ธ
3๏ธโฃ Coinbase: On May 22, 2024, the cryptocurrency exchange Coinbase announced the creation of the Tech Against Scams coalition. This partnership is designed to protect and educate users, as well as to fight against online fraud and illegal financial schemes. ๐ค๐ซ
4๏ธโฃ Bloomberg: The UK court has issued an interim ruling in a $5.6 billion investment fraud case. One of the defendants has been sentenced to 80 months in prison. Jian Wen was found guilty of laundering 150 #BTC worth over $10 million. The court believes these funds were obtained through a multi-billion dollar scheme carried out in China. โ๏ธ๐
5๏ธโฃ Cointelegraph: Reports indicate that celebrity accounts on X are being hacked en masse. On May 26, 2024, a crypto investor known as GCR announced that his account had been hacked and warned others not to click on any links. ๐ฑ๐
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1๏ธโฃ Gala Games: The #hacker who breached the gaming platform Gala Games has returned the stolen 5913 ETH to the developers. As of now, these assets are valued at $22.2 million. ๐ฎ๐ฐ
2๏ธโฃ rthk: The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has concluded its investigation into Worldcoin. The agency determined that Worldcoin's operations violate the "Privacy Ordinance." The findings revealed breaches in data protection principles concerning the collection, storage, access, and correction of personal information. ๐๐ก๏ธ
3๏ธโฃ Coinbase: On May 22, 2024, the cryptocurrency exchange Coinbase announced the creation of the Tech Against Scams coalition. This partnership is designed to protect and educate users, as well as to fight against online fraud and illegal financial schemes. ๐ค๐ซ
4๏ธโฃ Bloomberg: The UK court has issued an interim ruling in a $5.6 billion investment fraud case. One of the defendants has been sentenced to 80 months in prison. Jian Wen was found guilty of laundering 150 #BTC worth over $10 million. The court believes these funds were obtained through a multi-billion dollar scheme carried out in China. โ๏ธ๐
5๏ธโฃ Cointelegraph: Reports indicate that celebrity accounts on X are being hacked en masse. On May 26, 2024, a crypto investor known as GCR announced that his account had been hacked and warned others not to click on any links. ๐ฑ๐
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๐ช Crypto News (May 27, 2024):
1๏ธโฃ Kabochan: On May 24, 2024, Kabosu, the dog who symbolizes the #Dogecoin (DOGE) token, passed away. She lived for 18 years and nearly seven months. ๐โค๏ธ
2๏ธโฃ LAW60: Shane Haynes, the former CEO of Heartland Tri-State Bank, admitted to stealing $47.1 million of client funds, which led to the bank's collapse. He spent the stolen money on purchasing crypto assets. ๐ฐ๐
3๏ธโฃ Tom Emmer: The House of Representatives passed the "Countering Surveillance of Central Bank Digital Currency (CBDC)" bill. This legislation aims to prevent the Federal Reserve from promoting initiatives to issue a digital dollar. ๐๐ซ
4๏ธโฃ Dadvan Yousuf: At 23, crypto entrepreneur Dadvan Yousuf unfurled a flag bearing the logo of the first cryptocurrency at the summit of Mount Everest, the highest point on Earth. He completed his ascent of the 8,848-meter peak on May 20, becoming the first Kurd and Iraqi to achieve this feat. Yousuf stated that by displaying the #Bitcoin symbol, he wanted to highlight global injustices in access to financial education. ๐๏ธ๐ด
5๏ธโฃ Binance: The cryptocurrency exchange Binance announced a new #NFT collection in partnership with renowned Portuguese footballer Cristiano Ronaldo. The first batch of NFTs will be released on May 29. Users can purchase these items on the Binance NFT marketplace using Binance Pay. โฝ๐จ
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1๏ธโฃ Kabochan: On May 24, 2024, Kabosu, the dog who symbolizes the #Dogecoin (DOGE) token, passed away. She lived for 18 years and nearly seven months. ๐โค๏ธ
2๏ธโฃ LAW60: Shane Haynes, the former CEO of Heartland Tri-State Bank, admitted to stealing $47.1 million of client funds, which led to the bank's collapse. He spent the stolen money on purchasing crypto assets. ๐ฐ๐
3๏ธโฃ Tom Emmer: The House of Representatives passed the "Countering Surveillance of Central Bank Digital Currency (CBDC)" bill. This legislation aims to prevent the Federal Reserve from promoting initiatives to issue a digital dollar. ๐๐ซ
4๏ธโฃ Dadvan Yousuf: At 23, crypto entrepreneur Dadvan Yousuf unfurled a flag bearing the logo of the first cryptocurrency at the summit of Mount Everest, the highest point on Earth. He completed his ascent of the 8,848-meter peak on May 20, becoming the first Kurd and Iraqi to achieve this feat. Yousuf stated that by displaying the #Bitcoin symbol, he wanted to highlight global injustices in access to financial education. ๐๏ธ๐ด
5๏ธโฃ Binance: The cryptocurrency exchange Binance announced a new #NFT collection in partnership with renowned Portuguese footballer Cristiano Ronaldo. The first batch of NFTs will be released on May 29. Users can purchase these items on the Binance NFT marketplace using Binance Pay. โฝ๐จ
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10 Major Token Unlocks - May 27-June 2
Unlock refers to the release of tokens that were previously locked based on conditions from investment rounds or other funding programs.
Typically, the team carefully considers tokenomics to avoid putting significant selling pressure at various #unlock stages and potentially crashing the token price. However, certain factors such as insufficient liquidity or early investors locking in profits right after token unlocking can significantly impact the asset's prices.
10 unlocks to watch this week
Yield Guild Games (YGG)
Unlock Date: May 27Number of Unlocked Tokens: 16,690,000 YGGCurrent Circulating Supply: 371,566,422 YGG
Yield Guild Games is a gaming community focused on blockchain games with a play-to-earn model. It brings together users from around the world who invest in NFT assets. The platform's native token, YGG, is used to pay for services within the network. It can also be staked to earn rewards, spent to unlock exclusive content on the Discord server, or used for voting. Unlocked tokens will be distributed among the community, developers, investors, and the treasury.
SingularityNET (AGIX)
Unlock Date: May 28Number of Unlocked Tokens: 8,710,000 AGIXCurrent Circulating Supply: 1,283,425,719 AGIX
SingularityNET is a decentralized blockchain platform for creating AI-based applications. The project's native token, AGIX, is used to pay for services, and node operators receive a portion of the fees as compensation for their contribution to maintaining and developing the network. The tokens unlocked on May 28 will be distributed among participants in the AGIX-ADA reward program.
Echelonย Prime (PRIME)
Unlock Date: May 31Number of Unlocked Tokens: 1,660,000 PRIMECurrent Circulating Supply: 39,254,084 PRIME
Echelon Prime is an open decentralized ecosystem for P2E games, governed by the community. The native token, PRIME, is used to reward developers and users, as well as for voting on project development and staking. Tokens unlocked this week are intended for the reserve and investors of Parallel Studios.
Manta Network (MANTA)
Unlock Date: May 31Number of Unlocked Tokens: 1,870,000 MANTAะขะตะบััะตะต ัะธัะบัะปะธััััะตะต ะฟัะตะดะปะพะถะตะฝะธะต: 251 077 745 MANTA
Manta Network is a modular blockchain for applications with zero-knowledge proofs (ZK). Tokens unlocked at the end of the week belong to the project's advisors.
Optimism (OP)
Unlock Date: May 31Number of Unlocked Tokens: 31,340,000 OPCurrent Circulating Supply: 1,086,889,963 OP
Optimism is a layer-2 solution designed to increase the speed and scalability of the Ethereum network. According to DefiLlama, it is among the leaders in L2 networks by the number of deployed protocols and total value locked (TVL). The #OP token is used for voting, managing projects within the Optimism Collective, and developing the ecosystem. Tokens released during the next unlock will be distributed among investors and key project participants.
1inch (1INCH)
Unlock Date: June 1Number of Unlocked Tokens: 98,740,000 1INCHCurrent Circulating Supply: 1,158,579,193 1INCH
1inch is a liquidity aggregator from decentralized exchanges, utilizing order routing and limit order placement technologies. The platform offers the best exchange rates for cryptocurrencies, gathered from dozens of sources in real-time. 1inch supports a large number of DeFi protocols and pools operating on different blockchains โ Ethereum, BNB Chain, Polygon, Optimism, Arbitrum, and others.
The next #1INCH unlock will occur on June 1, when the cliff for nearly 100 million tokens intended for developers, early investors, and venture funds ends.
dYdX (DYDX)
Unlock Date: June 1Number of Unlocked Tokens: 33,330,000 DYDXCurrent Circulating Supply: 279,818,881 DYDX
At the beginning of 2023, the largest decentralized perpetual futures trading protocol, dYdX, announced changes to the project's initial tokenomics. According to the updated information, 27.7% of the total #DYDX supply will go to early investors, 26.1% to the treasury, 15.3% will be allocated to the team, 7.0% reserved for future employees and advisors, with the remaining tokens intended for user rewards.
Most of the DYDX tokens unlocked on June 1 will be distributed among investors and the project team.
Acala (ACA)
Unlock Date: June 1Number of Unlocked Tokens: 27,430,000 ACACurrent Circulating Supply: 962,499,997 ACA
Launched in 2019, Acala Network is the first DeFi consortium of its kind, formed by two teams of active participants in the Polkadot ecosystem โ Laminar and Polkawallet. The platform supports smart contracts and is compatible with external blockchains (e.g., Ethereum). Tokens unlocked on June 1 will be distributed among strategic partners and the project team.
Sui (SUI)
Unlock Date: June 1Number of Unlocked Tokens: 65,080,000 SUICurrent Circulating Supply: 2,339,196,965 SUI
Sui is a high-performance layer-1 blockchain. The network's operation and security are ensured by the Proof-of-Stake consensus algorithm. The project was developed by Mysten Labs, founded in 2021 by a group of former Novi Research employees responsible for creating the Diem blockchain and the Move programming language.
Since December 2021, Mysten Labs has raised $336 million in two funding rounds. Major investors include Binance Labs, Franklin Templeton, and a16z Crypto. The next #SUI unlock will occur on June 1.
Some of the unlocked tokens will be distributed among participants in series A and B investment rounds, while the remaining tokens will be allocated to the community reserve and Mysten Labs' treasury.
Ethena (ENA)
Unlock Date: June 2Number of Unlocked Tokens: 53,600,000 ENACurrent Circulating Supply: 1,479,139,274 ENA
ENA is the native token of the DeFi protocol Ethena, the issuer of the "synthetic dollar" USDe. The asset is used for managing ecosystem features, as well as a mechanism to incentivize participation and investment in the protocol. ENA's debut was accompanied by an airdrop from Ethena Labs, distributing $450 million worth of tokens to the community.
On June 2, the project will unlock over 50 million ENA, which will be used for ecosystem development.
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Typically, the team carefully considers tokenomics to avoid putting significant selling pressure at various #unlock stages and potentially crashing the token price. However, certain factors such as insufficient liquidity or early investors locking in profits right after token unlocking can significantly impact the asset's prices.
10 unlocks to watch this week
Yield Guild Games (YGG)
Unlock Date: May 27Number of Unlocked Tokens: 16,690,000 YGGCurrent Circulating Supply: 371,566,422 YGG
Yield Guild Games is a gaming community focused on blockchain games with a play-to-earn model. It brings together users from around the world who invest in NFT assets. The platform's native token, YGG, is used to pay for services within the network. It can also be staked to earn rewards, spent to unlock exclusive content on the Discord server, or used for voting. Unlocked tokens will be distributed among the community, developers, investors, and the treasury.
SingularityNET (AGIX)
Unlock Date: May 28Number of Unlocked Tokens: 8,710,000 AGIXCurrent Circulating Supply: 1,283,425,719 AGIX
SingularityNET is a decentralized blockchain platform for creating AI-based applications. The project's native token, AGIX, is used to pay for services, and node operators receive a portion of the fees as compensation for their contribution to maintaining and developing the network. The tokens unlocked on May 28 will be distributed among participants in the AGIX-ADA reward program.
Echelonย Prime (PRIME)
Unlock Date: May 31Number of Unlocked Tokens: 1,660,000 PRIMECurrent Circulating Supply: 39,254,084 PRIME
Echelon Prime is an open decentralized ecosystem for P2E games, governed by the community. The native token, PRIME, is used to reward developers and users, as well as for voting on project development and staking. Tokens unlocked this week are intended for the reserve and investors of Parallel Studios.
Manta Network (MANTA)
Unlock Date: May 31Number of Unlocked Tokens: 1,870,000 MANTAะขะตะบััะตะต ัะธัะบัะปะธััััะตะต ะฟัะตะดะปะพะถะตะฝะธะต: 251 077 745 MANTA
Manta Network is a modular blockchain for applications with zero-knowledge proofs (ZK). Tokens unlocked at the end of the week belong to the project's advisors.
Optimism (OP)
Unlock Date: May 31Number of Unlocked Tokens: 31,340,000 OPCurrent Circulating Supply: 1,086,889,963 OP
Optimism is a layer-2 solution designed to increase the speed and scalability of the Ethereum network. According to DefiLlama, it is among the leaders in L2 networks by the number of deployed protocols and total value locked (TVL). The #OP token is used for voting, managing projects within the Optimism Collective, and developing the ecosystem. Tokens released during the next unlock will be distributed among investors and key project participants.
1inch (1INCH)
Unlock Date: June 1Number of Unlocked Tokens: 98,740,000 1INCHCurrent Circulating Supply: 1,158,579,193 1INCH
1inch is a liquidity aggregator from decentralized exchanges, utilizing order routing and limit order placement technologies. The platform offers the best exchange rates for cryptocurrencies, gathered from dozens of sources in real-time. 1inch supports a large number of DeFi protocols and pools operating on different blockchains โ Ethereum, BNB Chain, Polygon, Optimism, Arbitrum, and others.
The next #1INCH unlock will occur on June 1, when the cliff for nearly 100 million tokens intended for developers, early investors, and venture funds ends.
dYdX (DYDX)
Unlock Date: June 1Number of Unlocked Tokens: 33,330,000 DYDXCurrent Circulating Supply: 279,818,881 DYDX
At the beginning of 2023, the largest decentralized perpetual futures trading protocol, dYdX, announced changes to the project's initial tokenomics. According to the updated information, 27.7% of the total #DYDX supply will go to early investors, 26.1% to the treasury, 15.3% will be allocated to the team, 7.0% reserved for future employees and advisors, with the remaining tokens intended for user rewards.
Most of the DYDX tokens unlocked on June 1 will be distributed among investors and the project team.
Acala (ACA)
Unlock Date: June 1Number of Unlocked Tokens: 27,430,000 ACACurrent Circulating Supply: 962,499,997 ACA
Launched in 2019, Acala Network is the first DeFi consortium of its kind, formed by two teams of active participants in the Polkadot ecosystem โ Laminar and Polkawallet. The platform supports smart contracts and is compatible with external blockchains (e.g., Ethereum). Tokens unlocked on June 1 will be distributed among strategic partners and the project team.
Sui (SUI)
Unlock Date: June 1Number of Unlocked Tokens: 65,080,000 SUICurrent Circulating Supply: 2,339,196,965 SUI
Sui is a high-performance layer-1 blockchain. The network's operation and security are ensured by the Proof-of-Stake consensus algorithm. The project was developed by Mysten Labs, founded in 2021 by a group of former Novi Research employees responsible for creating the Diem blockchain and the Move programming language.
Since December 2021, Mysten Labs has raised $336 million in two funding rounds. Major investors include Binance Labs, Franklin Templeton, and a16z Crypto. The next #SUI unlock will occur on June 1.
Some of the unlocked tokens will be distributed among participants in series A and B investment rounds, while the remaining tokens will be allocated to the community reserve and Mysten Labs' treasury.
Ethena (ENA)
Unlock Date: June 2Number of Unlocked Tokens: 53,600,000 ENACurrent Circulating Supply: 1,479,139,274 ENA
ENA is the native token of the DeFi protocol Ethena, the issuer of the "synthetic dollar" USDe. The asset is used for managing ecosystem features, as well as a mechanism to incentivize participation and investment in the protocol. ENA's debut was accompanied by an airdrop from Ethena Labs, distributing $450 million worth of tokens to the community.
On June 2, the project will unlock over 50 million ENA, which will be used for ecosystem development.
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Bitcoin vs. Other Assets: A 10-Year Comparison
Long-term investments, if chosen wisely, can yield significant returns. In some cases, investors can realize returns that are multiples of their initial investment.
Let's find out which assets have provided the highest returns over the past decade and compare the performance of the most capitalized cryptocurrency, Bitcoin, with real estate, gold, currencies and securities.
Comparison of Asset Returns Over the Last 10 Years
Bitcoin. The first and most capitalized cryptocurrency has shown phenomenal growth over the past ten years. Since its inception in 2009, #Bitcoin has attracted investors worldwide. In 2013, BTC was trading at $100, but in 2024, the coin reached a new all-time high of $73,750. Despite high volatility, Bitcoin remains one of the most profitable assets. The potential for further BTC growth is driven by its deflationary nature.Real Estate in USA. Real estate in the United States has proven to be a reliable investment over the past decade. Housing prices have shown significant growth, especially in major cities like New York, San Francisco, and Los Angeles. From 2013 to 2023, the average home price in the US increased by approximately 50-70%. Factors contributing to this growth include a stable economy, low-interest rates for mortgages, and high demand for housing in urban areas. Additionally, the US real estate market has benefited from foreign investments and a growing population.Gold. Gold has always been considered a "safe haven" for investors. Over the past ten years, the price of this precious metal increased from $1,300 per ounce in 2013 to a historical maximum of $2,454 per ounce in May 2024. Gold serves as a good means of protecting capital during periods of economic uncertainty and inflation. Therefore, it is often referred to as the "fear currency."US Dollar. The US dollar remains one of the most stable currencies in the world. Over the past ten years, the dollar has strengthened against other global currencies due to the stable US economy and Federal Reserve policies. However, the dollar's returns compared to other assets are low.Euro. Like the dollar, the euro is one of the leading global currencies. Over the past ten years, the euro has shown mixed results. At the beginning of the decade, the euro strengthened against the dollar, but then its exchange rate began to decline due to economic problems in the EU zone. Overall, the euro has shown moderate returns and volatility.Stocks. Stocks are one of the most popular investment instruments. Over the past ten years, global stock markets have shown significant growth. The S&P 500 rose from 1,600 points in 2013 to 5,178 points in 2024, an increase of about 224%.
Conclusion
Over the past ten years, Bitcoin has shown the highest returns among the assets considered. Stocks came in second.
Gold remains a reliable asset with moderate growth. Real estate in USA also showed stable growth. However, the risks of price declines in the segment due to the phasing out of preferential mortgage programs and the country's geopolitical position reduce the attractiveness of long-term investments in USA real estate.
Currencies like the US dollar and euro showed lower returns but provided stability and capital preservation for their investors.
Let's find out which assets have provided the highest returns over the past decade and compare the performance of the most capitalized cryptocurrency, Bitcoin, with real estate, gold, currencies and securities.
Comparison of Asset Returns Over the Last 10 Years
Bitcoin. The first and most capitalized cryptocurrency has shown phenomenal growth over the past ten years. Since its inception in 2009, #Bitcoin has attracted investors worldwide. In 2013, BTC was trading at $100, but in 2024, the coin reached a new all-time high of $73,750. Despite high volatility, Bitcoin remains one of the most profitable assets. The potential for further BTC growth is driven by its deflationary nature.Real Estate in USA. Real estate in the United States has proven to be a reliable investment over the past decade. Housing prices have shown significant growth, especially in major cities like New York, San Francisco, and Los Angeles. From 2013 to 2023, the average home price in the US increased by approximately 50-70%. Factors contributing to this growth include a stable economy, low-interest rates for mortgages, and high demand for housing in urban areas. Additionally, the US real estate market has benefited from foreign investments and a growing population.Gold. Gold has always been considered a "safe haven" for investors. Over the past ten years, the price of this precious metal increased from $1,300 per ounce in 2013 to a historical maximum of $2,454 per ounce in May 2024. Gold serves as a good means of protecting capital during periods of economic uncertainty and inflation. Therefore, it is often referred to as the "fear currency."US Dollar. The US dollar remains one of the most stable currencies in the world. Over the past ten years, the dollar has strengthened against other global currencies due to the stable US economy and Federal Reserve policies. However, the dollar's returns compared to other assets are low.Euro. Like the dollar, the euro is one of the leading global currencies. Over the past ten years, the euro has shown mixed results. At the beginning of the decade, the euro strengthened against the dollar, but then its exchange rate began to decline due to economic problems in the EU zone. Overall, the euro has shown moderate returns and volatility.Stocks. Stocks are one of the most popular investment instruments. Over the past ten years, global stock markets have shown significant growth. The S&P 500 rose from 1,600 points in 2013 to 5,178 points in 2024, an increase of about 224%.
Conclusion
Over the past ten years, Bitcoin has shown the highest returns among the assets considered. Stocks came in second.
Gold remains a reliable asset with moderate growth. Real estate in USA also showed stable growth. However, the risks of price declines in the segment due to the phasing out of preferential mortgage programs and the country's geopolitical position reduce the attractiveness of long-term investments in USA real estate.
Currencies like the US dollar and euro showed lower returns but provided stability and capital preservation for their investors.
๐ค AI News (May 25, 2024):
1๏ธโฃ OpenAI: The AI lab #OpenAI has paused the use of Sky's voice in ChatGPT. This action followed numerous comparisons to Scarlett Johansson's voice in the 2013 movie "Her." Lawyers representing Johansson have asked OpenAI to reveal how the Sky assistant's voice, which is "eerily similar" to the actress's, was created. ๐๏ธ
2๏ธโฃ Adobe: #Adobe has introduced a new AI feature called Generative Remove in its Lightroom photo editor. This tool allows users to erase unwanted elements from photos and seamlessly fill in the cleared areas. Adobe claims it can handle even the most complex backgrounds, such as removing stains from a patterned shirt, wrinkles on a tablecloth in food photography, or unwanted reflections in water. ๐ผ๏ธ
3๏ธโฃ News Corp: OpenAI has entered a multi-year partnership with News Corp, the media company that owns The Wall Street Journal, New York Post, The Daily Telegraph, and over 10 other publications. While the details of the deal remain undisclosed, a WSJ report indicates that News Corp will receive about $250 million over five years in cash and credits for utilizing OpenAI's technology. ๐ฐ
4๏ธโฃ JAXA: The Japan Aerospace Exploration Agency (JAXA) is utilizing #AI failure prediction technology from the railway company JR West to detect issues in the operation of orbital satellites. This partnership began in October 2022, and now includes satellite operator SKY Perfect JSAT. ๐ฐ๏ธ
5๏ธโฃ Scale AI: Scale AI has successfully closed a Series F funding round, raising $1 billion and valuing the startup at $13.8 billion. The round was led by venture capital firm Accel, with participation from Y Combinator, NVIDIA, Tiger Global Management, Cisco Investments, Intel Capital, Amazon, Meta, and others. ๐ผ
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1๏ธโฃ OpenAI: The AI lab #OpenAI has paused the use of Sky's voice in ChatGPT. This action followed numerous comparisons to Scarlett Johansson's voice in the 2013 movie "Her." Lawyers representing Johansson have asked OpenAI to reveal how the Sky assistant's voice, which is "eerily similar" to the actress's, was created. ๐๏ธ
2๏ธโฃ Adobe: #Adobe has introduced a new AI feature called Generative Remove in its Lightroom photo editor. This tool allows users to erase unwanted elements from photos and seamlessly fill in the cleared areas. Adobe claims it can handle even the most complex backgrounds, such as removing stains from a patterned shirt, wrinkles on a tablecloth in food photography, or unwanted reflections in water. ๐ผ๏ธ
3๏ธโฃ News Corp: OpenAI has entered a multi-year partnership with News Corp, the media company that owns The Wall Street Journal, New York Post, The Daily Telegraph, and over 10 other publications. While the details of the deal remain undisclosed, a WSJ report indicates that News Corp will receive about $250 million over five years in cash and credits for utilizing OpenAI's technology. ๐ฐ
4๏ธโฃ JAXA: The Japan Aerospace Exploration Agency (JAXA) is utilizing #AI failure prediction technology from the railway company JR West to detect issues in the operation of orbital satellites. This partnership began in October 2022, and now includes satellite operator SKY Perfect JSAT. ๐ฐ๏ธ
5๏ธโฃ Scale AI: Scale AI has successfully closed a Series F funding round, raising $1 billion and valuing the startup at $13.8 billion. The round was led by venture capital firm Accel, with participation from Y Combinator, NVIDIA, Tiger Global Management, Cisco Investments, Intel Capital, Amazon, Meta, and others. ๐ผ
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๐ช Crypto News (May 24, 2024):
1๏ธโฃ SEC: On May 23, 2024, the U.S. Securities and Exchange Commission (SEC) formally greenlit #Ethereum ETFs for spot trading. Issuers, including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton, received approval for their 19b-4 filings. ๐
2๏ธโฃ DFINITY: The #DFINITY Foundation has unveiled a new API, enabling the interaction of Internet Computer smart contracts with any Ethereum Virtual Machine (EVM). While L2 solutions like Optimism, Arbitrum, and Base are already integrated, users have the flexibility to integrate other EVM networks as needed. ๐
3๏ธโฃ Decrypt: #Grayscale Investments has rolled out two new trusts, offering exposure to Stacks (STX) and Near Protocol (NEAR) assets. ๐ผ
4๏ธโฃ Fantom Foundation: Ahead of the launch of the Sonic blockchain, the #Fantom Foundation, a non-profit entity, will establish Sonic Foundation and Sonic Labs. With a transaction processing capacity of 2000 transactions per second (TPS), Sonic Foundation will oversee governance and treasury, while Sonic Labs will focus on decentralized application development for the ecosystem. ๐
5๏ธโฃ StarkWare: In collaboration with Cartridge, #StarkWare has introduced ZKThreads, a scaling solution for decentralized ZK applications within the StarkNet L2 network. ๐ ๏ธ
๐ Have any questions? Feel free to ask in the comments below.
1๏ธโฃ SEC: On May 23, 2024, the U.S. Securities and Exchange Commission (SEC) formally greenlit #Ethereum ETFs for spot trading. Issuers, including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton, received approval for their 19b-4 filings. ๐
2๏ธโฃ DFINITY: The #DFINITY Foundation has unveiled a new API, enabling the interaction of Internet Computer smart contracts with any Ethereum Virtual Machine (EVM). While L2 solutions like Optimism, Arbitrum, and Base are already integrated, users have the flexibility to integrate other EVM networks as needed. ๐
3๏ธโฃ Decrypt: #Grayscale Investments has rolled out two new trusts, offering exposure to Stacks (STX) and Near Protocol (NEAR) assets. ๐ผ
4๏ธโฃ Fantom Foundation: Ahead of the launch of the Sonic blockchain, the #Fantom Foundation, a non-profit entity, will establish Sonic Foundation and Sonic Labs. With a transaction processing capacity of 2000 transactions per second (TPS), Sonic Foundation will oversee governance and treasury, while Sonic Labs will focus on decentralized application development for the ecosystem. ๐
5๏ธโฃ StarkWare: In collaboration with Cartridge, #StarkWare has introduced ZKThreads, a scaling solution for decentralized ZK applications within the StarkNet L2 network. ๐ ๏ธ
๐ Have any questions? Feel free to ask in the comments below.
๐ช Crypto News (May 24, 2024):
1๏ธโฃ Bitget: The cryptocurrency exchange #Bitget has announced the fifth edition of its trading tournament, the "King's Cup Global Invitational 2024" (KCGI 2024). The prize pool boasts 5 million USDT, a Ferrari 296 GTB sports car, autographed soccer balls by Lionel Messi, and other exciting rewards. โฝ๐๏ธ
2๏ธโฃ FSC: The U.S. House of Representatives has passed the "Financial Innovation and Technology for the 21st Century Act" (FIT21 or HR 4763). Coinbase CEO Brian Armstrong remarked that this marks the first step towards clear regulation of the industry. The vote, held on May 22, 2024, saw 279 legislators in favor and 136 against. Remarkably, the bill garnered broad bipartisan support despite some reservations from Democrat Joe Biden. ๐บ๐ธ๐๏ธ
3๏ธโฃ Taiko: Taiko, a Layer 2 scaling solution for Ethereum, announced an upcoming token airdrop for community members and the imminent launch of its mainnet. The team has allocated 5% of the total 1 billion #TKO supply for this "genesis airdrop." ๐๐
4๏ธโฃ Cointelegraph: Interest in the Runes protocol is waning, with related transactions plummeting by 84%. This project, seen as an evolution of the BRC-20 standard, is positioned by its developer Casey Rodarmor as akin to Ordinals. ๐๐
5๏ธโฃ Waves: The developers of #Waves have launched the Units.Network testnet, an interoperability solution connecting Ethereum, BNB Chain, Solana, and other blockchains. To participate in the testing phase, users need to set up a node. ๐๐ฅ๏ธ
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1๏ธโฃ Bitget: The cryptocurrency exchange #Bitget has announced the fifth edition of its trading tournament, the "King's Cup Global Invitational 2024" (KCGI 2024). The prize pool boasts 5 million USDT, a Ferrari 296 GTB sports car, autographed soccer balls by Lionel Messi, and other exciting rewards. โฝ๐๏ธ
2๏ธโฃ FSC: The U.S. House of Representatives has passed the "Financial Innovation and Technology for the 21st Century Act" (FIT21 or HR 4763). Coinbase CEO Brian Armstrong remarked that this marks the first step towards clear regulation of the industry. The vote, held on May 22, 2024, saw 279 legislators in favor and 136 against. Remarkably, the bill garnered broad bipartisan support despite some reservations from Democrat Joe Biden. ๐บ๐ธ๐๏ธ
3๏ธโฃ Taiko: Taiko, a Layer 2 scaling solution for Ethereum, announced an upcoming token airdrop for community members and the imminent launch of its mainnet. The team has allocated 5% of the total 1 billion #TKO supply for this "genesis airdrop." ๐๐
4๏ธโฃ Cointelegraph: Interest in the Runes protocol is waning, with related transactions plummeting by 84%. This project, seen as an evolution of the BRC-20 standard, is positioned by its developer Casey Rodarmor as akin to Ordinals. ๐๐
5๏ธโฃ Waves: The developers of #Waves have launched the Units.Network testnet, an interoperability solution connecting Ethereum, BNB Chain, Solana, and other blockchains. To participate in the testing phase, users need to set up a node. ๐๐ฅ๏ธ
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๐ Prediction (TON and FET):
๐ TON/USDT - The price of #Toncoin is feeling the impact of declining bullish sentiment and confidence among #TON holders. This is evident from the decrease in the on-chain metric known as Mean Coin Age (MCA). This indicator measures the trading sentiment among long-term investors. It calculates the average number of days that coins in circulation have remained on their current addresses. An increase in this indicator suggests that investors prefer to hold onto the asset. Its decrease, on the other hand, means that investors are moving their assets between addresses, which is seen as a sign of low confidence. For TON, this indicator has been declining since February, but overall market signals continued to support the price of Toncoin. However, these signals are now weakening, and the lack of confidence might affect the price dynamics. Forecast: The price of Toncoin attempted to break through the resistance at $7.0 but has failed to do so in the past ten days. As a result, TON has fallen below the significant psychological support level of $6.5. A recent market-wide rally pushed the token above this support, but it couldn't sustain and retraced below it. This bearish sentiment will pressure Toncoin's price until investor behavior changes. Consequently, the cryptocurrency may test the support at $6.0. Losing this support could lead to a decline to $5.4.
๐คซ FET/USDT - The price of #Fetch.ai broke through the resistance at $2.50 and reached $2.58, showing an almost 18% increase in three days. This allowed the altcoin to exit a month-long consolidation, but #FET may soon return to it. This is due to the aforementioned factors that suggest a bearish scenario for the price. Accordingly, Fetch.ai may lose support at the $2.50 level and fall to $2.26 or lower. On the other hand, a bounce from the $2.50 support could lead to sideways movement as the market cools down. Such dynamics might support the price if high demand persists, contradicting the pessimistic forecast.
๐ If you found this analysis helpful, please share it with others!
๐ TON/USDT - The price of #Toncoin is feeling the impact of declining bullish sentiment and confidence among #TON holders. This is evident from the decrease in the on-chain metric known as Mean Coin Age (MCA). This indicator measures the trading sentiment among long-term investors. It calculates the average number of days that coins in circulation have remained on their current addresses. An increase in this indicator suggests that investors prefer to hold onto the asset. Its decrease, on the other hand, means that investors are moving their assets between addresses, which is seen as a sign of low confidence. For TON, this indicator has been declining since February, but overall market signals continued to support the price of Toncoin. However, these signals are now weakening, and the lack of confidence might affect the price dynamics. Forecast: The price of Toncoin attempted to break through the resistance at $7.0 but has failed to do so in the past ten days. As a result, TON has fallen below the significant psychological support level of $6.5. A recent market-wide rally pushed the token above this support, but it couldn't sustain and retraced below it. This bearish sentiment will pressure Toncoin's price until investor behavior changes. Consequently, the cryptocurrency may test the support at $6.0. Losing this support could lead to a decline to $5.4.
๐คซ FET/USDT - The price of #Fetch.ai broke through the resistance at $2.50 and reached $2.58, showing an almost 18% increase in three days. This allowed the altcoin to exit a month-long consolidation, but #FET may soon return to it. This is due to the aforementioned factors that suggest a bearish scenario for the price. Accordingly, Fetch.ai may lose support at the $2.50 level and fall to $2.26 or lower. On the other hand, a bounce from the $2.50 support could lead to sideways movement as the market cools down. Such dynamics might support the price if high demand persists, contradicting the pessimistic forecast.
๐ If you found this analysis helpful, please share it with others!
๐ช Crypto News (May 23, 2024):
1๏ธโฃ Lookonchain: An anonymous investor earned over $3.4 million through investments in the meme coin Pepe Coin (PEPE). Experts report that on April 15, 2023, this trader bought 324.9 billion #PEPE for 0.22 ETH (worth $462 at the time). On May 21, 2024, they sold 182.9 billion PEPE for $3.4 million. This impressive move increased their investment by 7368 times in just over a year. ๐๐ฐ
2๏ธโฃ The Block: Matter Labs, the company behind the EVM-compatible layer-two solution zkSync, plans to hold a #TGE this week. The token launch and airdrop are set to occur within 30 days following the TGE. The total supply of the new tokens will be 21 billion. Asset distribution is scheduled for June 13, and the company has emphasized that this airdrop will take place before a similar event by Blast, planned for June 26. ๐ ๐ฆ
3๏ธโฃ Notcoin: The Web3 gaming project Notcoin has announced a new competition with a total prize pool of 20 million NOT, valued at approximately $100,000. The Notcoin team is launching the #NOT ART contest, inviting all "non-artists" โ those who don't fit the traditional art mold โ to participate. ๐จ๐
4๏ธโฃ deBridge: The EVM-compatible cross-chain protocol deBridge has launched its governance token DBR. The total issuance of #DBR coins on the Solana SPL standard will be 10 billion, with an initial market supply of 1.8 billion. The community will receive 20% (2 billion DBR) through an airdrop. The development team will receive another 20%, and 17% will be allocated to strategic partners. ๐๐
5๏ธโฃ Circle: #Circle has announced a new media campaign titled "Money Is Now Open". The campaign aims to promote greater transparency and openness in the financial sector for everyday users. ๐ต๐
๐ If you haven't subscribed yet, please do so, leave a like, or comment below!
1๏ธโฃ Lookonchain: An anonymous investor earned over $3.4 million through investments in the meme coin Pepe Coin (PEPE). Experts report that on April 15, 2023, this trader bought 324.9 billion #PEPE for 0.22 ETH (worth $462 at the time). On May 21, 2024, they sold 182.9 billion PEPE for $3.4 million. This impressive move increased their investment by 7368 times in just over a year. ๐๐ฐ
2๏ธโฃ The Block: Matter Labs, the company behind the EVM-compatible layer-two solution zkSync, plans to hold a #TGE this week. The token launch and airdrop are set to occur within 30 days following the TGE. The total supply of the new tokens will be 21 billion. Asset distribution is scheduled for June 13, and the company has emphasized that this airdrop will take place before a similar event by Blast, planned for June 26. ๐ ๐ฆ
3๏ธโฃ Notcoin: The Web3 gaming project Notcoin has announced a new competition with a total prize pool of 20 million NOT, valued at approximately $100,000. The Notcoin team is launching the #NOT ART contest, inviting all "non-artists" โ those who don't fit the traditional art mold โ to participate. ๐จ๐
4๏ธโฃ deBridge: The EVM-compatible cross-chain protocol deBridge has launched its governance token DBR. The total issuance of #DBR coins on the Solana SPL standard will be 10 billion, with an initial market supply of 1.8 billion. The community will receive 20% (2 billion DBR) through an airdrop. The development team will receive another 20%, and 17% will be allocated to strategic partners. ๐๐
5๏ธโฃ Circle: #Circle has announced a new media campaign titled "Money Is Now Open". The campaign aims to promote greater transparency and openness in the financial sector for everyday users. ๐ต๐
๐ If you haven't subscribed yet, please do so, leave a like, or comment below!
๐ Cyber News (May 22, 2024):
1๏ธโฃ EC: The European Commission (EC) has initiated an official inquiry into #Meta Corporation to assess its endeavors in safeguarding minors on the Facebook and Instagram social platforms. ๐จโโ๏ธ
2๏ธโฃ pump.fun: Accusations have been levied against a former employee by Pump.fun, the platform for launching meme tokens on Solana, citing an exploit resulting in a $1.9 million loss. Allegedly, the perpetrator capitalized on their "privileged position" to gain withdrawal rights and leveraged flash loans in SOL to procure tokens until they hit 100% on the "binding curve," thereby accessing liquidity to settle debts. ๐๐ฐ
3๏ธโฃ Financial Times: British engineering firm Arup incurred a $25 million loss due to fraudulent activity involving deepfakes during a video conference. ๐๐ญ
4๏ธโฃ Justice: The US Department of Justice announced the arrest of two Chinese nationals on charges of laundering $73 million through sham companies associated with cryptocurrency investment scams. Darren Lee, 41, was apprehended on April 12, 2024, at Hartsfield-Jackson Atlanta International Airport, while Yicheng Zhang, 38, was detained on May 16 in Los Angeles. โ๏ธ๐
5๏ธโฃ benefactor: An unidentified individual released and withdrew 5 billion #GALA tokens from the Gala Games Web3 gaming platform, amounting to approximately $210 million. The perpetrator managed to sell 600 million GALA tokens through the decentralized exchange Uniswap. Consequently, the asset's price plummeted by approximately 20% in less than an hour โ from around $0.048 to $0.038 (CoinGecko). ๐ธ๐ฎ
๐ช Have any questions? Feel free to ask in the comments below!
1๏ธโฃ EC: The European Commission (EC) has initiated an official inquiry into #Meta Corporation to assess its endeavors in safeguarding minors on the Facebook and Instagram social platforms. ๐จโโ๏ธ
2๏ธโฃ pump.fun: Accusations have been levied against a former employee by Pump.fun, the platform for launching meme tokens on Solana, citing an exploit resulting in a $1.9 million loss. Allegedly, the perpetrator capitalized on their "privileged position" to gain withdrawal rights and leveraged flash loans in SOL to procure tokens until they hit 100% on the "binding curve," thereby accessing liquidity to settle debts. ๐๐ฐ
3๏ธโฃ Financial Times: British engineering firm Arup incurred a $25 million loss due to fraudulent activity involving deepfakes during a video conference. ๐๐ญ
4๏ธโฃ Justice: The US Department of Justice announced the arrest of two Chinese nationals on charges of laundering $73 million through sham companies associated with cryptocurrency investment scams. Darren Lee, 41, was apprehended on April 12, 2024, at Hartsfield-Jackson Atlanta International Airport, while Yicheng Zhang, 38, was detained on May 16 in Los Angeles. โ๏ธ๐
5๏ธโฃ benefactor: An unidentified individual released and withdrew 5 billion #GALA tokens from the Gala Games Web3 gaming platform, amounting to approximately $210 million. The perpetrator managed to sell 600 million GALA tokens through the decentralized exchange Uniswap. Consequently, the asset's price plummeted by approximately 20% in less than an hour โ from around $0.048 to $0.038 (CoinGecko). ๐ธ๐ฎ
๐ช Have any questions? Feel free to ask in the comments below!
๐ช Crypto News (May 22, 2024):
1๏ธโฃ CryptoPunks: On May 20, 2024, the #CryptoPunks project, backed by the Yuga Labs team, unveiled a fresh collection of non-fungible tokens (NFTs) dubbed Super Punk World. This collection boasts 500 NFTs in the form of three-dimensional figures, aiming to transcend the boundaries of race and gender. ๐จ
2๏ธโฃ Chainwire: Hex Trust, a cryptocurrency custodian based in Hong Kong, has launched USDX, a stablecoin built on the Flare blockchain. Tethered to the value of the US dollar, this asset marks the first of its kind within the Flare ecosystem. The project was spearheaded by HT Digital Assets, a subsidiary of the custodian. ๐ฐ
3๏ธโฃ Sei: Within the #Sei Network community, a voting process has commenced regarding the blockchain's upgrade to its second iteration. This iteration introduces a "parallelized" Ethereum Virtual Machine (EVM). The voting period spans until May 25, with the initial implementation phase, encompassing governance decisions, set to last seven days. As of now, the proposal enjoys unanimous support. ๐ณ๏ธ
4๏ธโฃ Coinbase: Futures contracts for oil and gold are slated to debut on Coinbase.
5๏ธโฃ Mint: The #Mint blockchain team has heralded the launch of the main network tailored for developers. This launch allows for testing the solution prior to its public release. During the mainnet operation, developers can deploy their own products and infrastructure on the network. The Mint mainnet is constructed atop the OP Stack, signifying its integration into the OP Superchain. The project's overarching ambition is to entice a million developers and a billion users, accelerating the establishment of a global decentralized system aimed at enhancing economic freedom worldwide. ๐
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1๏ธโฃ CryptoPunks: On May 20, 2024, the #CryptoPunks project, backed by the Yuga Labs team, unveiled a fresh collection of non-fungible tokens (NFTs) dubbed Super Punk World. This collection boasts 500 NFTs in the form of three-dimensional figures, aiming to transcend the boundaries of race and gender. ๐จ
2๏ธโฃ Chainwire: Hex Trust, a cryptocurrency custodian based in Hong Kong, has launched USDX, a stablecoin built on the Flare blockchain. Tethered to the value of the US dollar, this asset marks the first of its kind within the Flare ecosystem. The project was spearheaded by HT Digital Assets, a subsidiary of the custodian. ๐ฐ
3๏ธโฃ Sei: Within the #Sei Network community, a voting process has commenced regarding the blockchain's upgrade to its second iteration. This iteration introduces a "parallelized" Ethereum Virtual Machine (EVM). The voting period spans until May 25, with the initial implementation phase, encompassing governance decisions, set to last seven days. As of now, the proposal enjoys unanimous support. ๐ณ๏ธ
4๏ธโฃ Coinbase: Futures contracts for oil and gold are slated to debut on Coinbase.
5๏ธโฃ Mint: The #Mint blockchain team has heralded the launch of the main network tailored for developers. This launch allows for testing the solution prior to its public release. During the mainnet operation, developers can deploy their own products and infrastructure on the network. The Mint mainnet is constructed atop the OP Stack, signifying its integration into the OP Superchain. The project's overarching ambition is to entice a million developers and a billion users, accelerating the establishment of a global decentralized system aimed at enhancing economic freedom worldwide. ๐
๐ Did you find this intriguing? Stay updated with more content like this by subscribing!
๐ช Crypto News (May 22, 2024):
1๏ธโฃ Mastercard: #Mastercard has announced the inclusion of five innovative startups in its blockchain and digital assets program. These startups will collaborate with Mastercard to develop and refine blockchain applications, expanding the possibilities of digital payments. ๐ณ๐
2๏ธโฃ albertonews: The Venezuelan Ministry of Electricity will disconnect all cryptocurrency #mining farms from the national power grid to manage electricity demand. โก๏ธ๐ป๐ช
3๏ธโฃ Across: The #Uniswap Labs and Across Protocol teams have brought up a new industry standard, ERC-7683, to facilitate intents-based interconnectivity.๐งฝ
4๏ธโฃ Barry Silbert: Barry Silbert, CEO of Digital Currency Group (DCG), announced a leadership change at Grayscale Investments. Michael Sonnenshein will step down as CEO, and Peter Mintzberg, formerly Global Strategy Director at Goldman Sachs, will take over on August 15. ๐ฆ๐
5๏ธโฃ Binance: Binance, the cryptocurrency exchange, plans to tackle the issue of tokens with low market capitalization compared to their fully diluted valuation (FDV). To address this, the platform is launching a new support program for projects. ๐๐ง
๐ If you haven't subscribed yet, be sure to follow for more updates, leave a like, or drop a comment below!
1๏ธโฃ Mastercard: #Mastercard has announced the inclusion of five innovative startups in its blockchain and digital assets program. These startups will collaborate with Mastercard to develop and refine blockchain applications, expanding the possibilities of digital payments. ๐ณ๐
2๏ธโฃ albertonews: The Venezuelan Ministry of Electricity will disconnect all cryptocurrency #mining farms from the national power grid to manage electricity demand. โก๏ธ๐ป๐ช
3๏ธโฃ Across: The #Uniswap Labs and Across Protocol teams have brought up a new industry standard, ERC-7683, to facilitate intents-based interconnectivity.๐งฝ
4๏ธโฃ Barry Silbert: Barry Silbert, CEO of Digital Currency Group (DCG), announced a leadership change at Grayscale Investments. Michael Sonnenshein will step down as CEO, and Peter Mintzberg, formerly Global Strategy Director at Goldman Sachs, will take over on August 15. ๐ฆ๐
5๏ธโฃ Binance: Binance, the cryptocurrency exchange, plans to tackle the issue of tokens with low market capitalization compared to their fully diluted valuation (FDV). To address this, the platform is launching a new support program for projects. ๐๐ง
๐ If you haven't subscribed yet, be sure to follow for more updates, leave a like, or drop a comment below!
๐ Crypto Reports (May 21, 2024):
1๏ธโฃ SEC: According to a recent report submitted to the U.S. Securities and Exchange Commission (SEC), Millennium owns spot Bitcoin ETFs valued at $1.9 billion. ๐
2๏ธโฃ Kommersant: By the end of 2023, #Russia secured the second position globally in cryptocurrency mining volumes, trailing only the United States. Their calculations reveal that Russian miners produced approximately 54,000 BTC ($3.5 billion at the current exchange rate) last year. Additionally, the country's average mining capacity reached 2.2 GW, up from 1 GW in 2022. ๐ ๏ธ
3๏ธโฃ CoinGecko: Analysts at #CoinGecko assessed the operational speeds of various blockchains within the crypto sphere. They evaluated 25 different networks and published a performance ranking. CoinGecko announced that Solana is the fastest blockchain, setting a record on April 6, 2024, with 91 million transactions processed. The network's average throughput was 1053.7 TPS. ๐
4๏ธโฃ Crowdfund Insider: In Q1 2024, cryptocurrency startups secured $2.4 billion in investments across 518 deals with venture funds. ๐ฐ
5๏ธโฃ The Block: The average number of new wallets on the #Bitcoin network fell to 275,000 between May 13 and May 19, 2024. This marks a new low since May 2018. ๐
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1๏ธโฃ SEC: According to a recent report submitted to the U.S. Securities and Exchange Commission (SEC), Millennium owns spot Bitcoin ETFs valued at $1.9 billion. ๐
2๏ธโฃ Kommersant: By the end of 2023, #Russia secured the second position globally in cryptocurrency mining volumes, trailing only the United States. Their calculations reveal that Russian miners produced approximately 54,000 BTC ($3.5 billion at the current exchange rate) last year. Additionally, the country's average mining capacity reached 2.2 GW, up from 1 GW in 2022. ๐ ๏ธ
3๏ธโฃ CoinGecko: Analysts at #CoinGecko assessed the operational speeds of various blockchains within the crypto sphere. They evaluated 25 different networks and published a performance ranking. CoinGecko announced that Solana is the fastest blockchain, setting a record on April 6, 2024, with 91 million transactions processed. The network's average throughput was 1053.7 TPS. ๐
4๏ธโฃ Crowdfund Insider: In Q1 2024, cryptocurrency startups secured $2.4 billion in investments across 518 deals with venture funds. ๐ฐ
5๏ธโฃ The Block: The average number of new wallets on the #Bitcoin network fell to 275,000 between May 13 and May 19, 2024. This marks a new low since May 2018. ๐
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