🚂 Choo Choo! All aboard the restaking express! Eigen Labs, the brains behind the EigenLayer protocol, has just acquired Rio Network, the well-known restaking platform. This deal will make Rio's intellectual property code open source, giving the blockchain community a ticket to ride on the restaking train. EigenLayer is like the railway tracks, allowing staked assets to secure additional blockchains, while Rio is like a train ticket, offering a liquid representation of staked assets. With EigenLayer's total value locked nearing a whopping $20 billion, this acquisition is sure to make some serious waves in the blockchain world. Buckle up, folks! 🚀

🚀 Terraform Labs, the blockchain bigwig, is coughing up a whopping $4.47 billion to the SEC, following a settlement. The bill? A cool $3.6 billion in disgorgement fines, a $420 million civil penalty, and nearly $467 million in prejudgment interest. Co-founder Do Kwon's personal tab? $110 million in disgorgement penalties and about $14.3 million in prejudgment interest fines. This comes after a jury blamed Terraform and Kwon for the Terra ecosystem collapse, wiping out $40 billion in investor assets. Kwon's payment will be considered complete once he transfers $4.7 million into an escrow account within 30 days of the final judgment. Stay tuned for more on this developing story!

🚀MoonPay, a popular crypto platform, is making it easier for its European and UK customers to buy crypto by integrating PayPal! Currently live for 1% of European users, the full rollout is expected in the coming weeks (sorry Croatia, Iceland, and Hungary, you'll have to sit this one out). PayPal's popularity as a payment method is expected to lower barriers for new crypto enthusiasts. Meanwhile, PayPal continues to make waves in the crypto world with its USD stablecoin (PYUSD), which recently found a new home on the Solana network for faster, cheaper transactions. Now, who said crypto wasn't user-friendly?

🎓 MultiversX, a distributed blockchain network, is partnering with eCornell to launch a sponsored Blockchain Essentials Program. This initiative offers 100 underprivileged college students a free two-month blockchain education, usually priced at $3,750. The program, set to start on July 17, 2024, will be conducted online in small, instructor-led groups. The cherry on top? Upon completion, students may receive mentorship, support, and funding from MultiversX to develop blockchain projects for their communities. In other news, MultiversX recently introduced "Sovereign Chains," a tool that could boost transaction throughput of existing blockchain networks by up to 100 times.

🐳 Bitcoin whales are back in the game! Accumulation levels have hit a four-year high, reminiscent of the pre-2020 bull run. Bitfinex analysts say this could be the spark that reignites Bitcoin's upward trajectory. Factors like anticipated interest rate cuts and increased institutional buying are adding fuel to the fire. Despite recent outflows in US Bitcoin ETFs, Bitcoin has confirmed the $66,000 mark as its new support. However, the price remains stuck due to older coin distribution. But don't worry, once the market 'reset' is complete, we could be looking at a base of $65,000 - $70,000. Hold on to your hats folks, it's going to be a wild ride! 🎢

Bitcoin's (BTC) price is bouncing back after US Consumer Price Index (CPI) data came in lower than expected. The bulls are buying near strong support levels, with the next big move expected above $73,777 or below $56,552. Meanwhile, Japanese firm Metaplanet is using this sideways action to stock up on Bitcoin, with a total haul of 141.07 BTC. Other cryptos are also seeing action, with Ether (ETH), BNB, Solana (SOL), XRP, Dogecoin (DOGE), Toncoin (TON), Shiba Inu (SHIB), Cardano (ADA), and Avalanche (AVAX) all experiencing price fluctuations. So, keep your eyes on the charts and your fingers on the trading buttons! 📈

🔗Chainlink's CCIP protocol and Automation services are now live on the Gnosis network, offering users cloud computing functions and up to 90% reduction in gas fees. This move enables cross-chain communication, allowing Gnosis users to interact and swap value across blockchains. The CCIP protocol is gaining traction as the industry choice for cross-chain interoperability, with even the SWIFT messaging system acknowledging its potential. Chainlink's recent partnerships and integrations, including a tokenization pilot with US banks, further solidify its industry leader status. Now, that's what we call "linking" up! 😎

🚀 Proof of SQL, a new zero-knowledge proof (ZK-proof) tech, is here to zap your SQL query wait times from 30 minutes to sub-seconds! This speed demon was unveiled by Space and Time (SxT), a verifiable compute layer for AI and blockchain. The tech is now open-source on GitHub, so developers can run trustless queries on SxT. This could be a game-changer for decentralized apps needing real-time data verification. The proof of SQL is also set to power the on-chain agent revolution, as AI agents are expected to transact primarily on-chain in the near future. ZK-proof, you're our new superhero! 💪

🚀 Citron Research, the notorious GameStop short seller, has waved the white flag! They've closed their GME short position, not due to any newfound faith in the company's fundamentals, but because of the "cult-like" shareholders and market's "irrationality". With $5 billion in the bank, GME can keep its fervent fans happy for a while. This comes hot on the heels of GME's stock price rocketing past $30, following a 22.8% intraday rally. Currently trading at $30.49, GME is up 3.3% in pre-market trading. Stay tuned for more updates on this wild ride! 🎢

🎮 Web3 leaders at the Proof of Talk 2024 conference in Paris have urged the industry to shift from speculative assets to practical applications that improve user experiences. They believe this user-centric vision can transform industries, especially gaming and social media, using blockchain technology. The panelists, including the COO of Mythical Games and the CBO of Project Liberty Labs, highlighted the potential of gaming to drive mass adoption of Web3. They also discussed the underutilization of Web3 technologies like blockchain, comparing it to an iPhone used only for social casinos. The focus now, they say, is to provide value to end-users, transforming the "I pay, I play, I walk away" model to "I pay, I play, I curate" using blockchain.

Pepe (PEPE) is hopping higher! 🐸 The memecoin bounced 17.85% and is currently trading at $0.00001340. The rise in trading volumes suggests traders are feeling bullish about PEPE. Three indicators hint at a potential 50% price increase by June's end.

- PEPE's rising wedge pattern suggests a 70% gain ahead.
- Whale accumulation signals market confidence. The largest investors are holding steady and smaller holders are accumulating during price dips.
- The Federal Reserve's potential rate cut in September could boost PEPE's rally.

Lower bond yields increase the appeal of non-yielding risk assets like cryptocurrencies. So, traders might be eyeing riskier memecoins like Pepe, Dogecoin (DOGE), and Bonk (BONK). Remember, always do your own research before making any investment decisions.

🚀DePINs (Decentralized Physical Infrastructure Networks) are making waves in the crypto space! These networks allow folks to contribute resources like hard drive space to power larger decentralized networks, and get crypto in return. XYO is one such project, and its co-founder, Markus Levin, believes DePINs can make AI more trustworthy and drive crypto mass adoption. Levin dismisses talk of a DePIN market bubble, insisting that the technology is just at the start of its growth trajectory. So, ready to trade some bandwidth for Bitcoin? 😎

🚀 The Artificial Superintelligence Alliance (ASI) is pushing back its token merger to July 15. But don't worry, this isn't a sign of trouble. It's just a little more time needed for technical and logistical prep. Ben Goertzel, the big brain behind SingularityNET and ASI, assures us that we're still on track for "superhuman superintelligence" in just a few years. The goal? To create a decentralized superintelligence network that can outsmart Big Tech. So buckle up, folks! We're not just going to the moon, we're heading for singularity and beyond! 🌌

📈 Bitcoin (BTC) is doing the hokey pokey, stepping back to $67,500 after a crypto rollercoaster ride sparked a mass exodus from exchanges. The recent dip to $66,000, triggering over $50 million in liquidations, was met with a collective "meh" by traders, who've seen this dance before. The market's mood swings often coincide with Federal Reserve meetings and other economic events. Some crypto gurus are predicting a potential slide to $60,000, but others are confident we'll soon be moonwalking past $67,700. Meanwhile, Coinbase is feeling the pinch, with a 14,420 BTC ($972 million) drop in BTC balance in just 24 hours. It's a wild ride, folks, but isn't that why we love it? 😎

📉 Bitcoin and Ether took a nosedive, wiping out nearly $200 million in leveraged trades. The crypto market's "oopsie-daisy" moment saw 83,912 traders liquidated in 24 hours, with the largest single order being a $5.21 million ETH-USDT-SWAP on OKX. BTC traders took the biggest hit, losing $46.9 million, while ETH traders followed closely behind with $41.0 million. This comes hot on the heels of a $400 million liquidation last Friday. Analysts link the market correction to the upcoming May CPI report and FOMC on June 12. So, buckle up, crypto enthusiasts, it's gonna be a bumpy ride!

🚀 Bitcoin's Runes standard is now the cool kid on the blockchain, outpacing Ordinals and BRC-20 in transaction share. Since its launch on April 20, Runes has been hogging up to 53% of the network bandwidth, leaving BRC-20 in the dust. This surge in activity isn't just a popularity contest, it's also a boon for Bitcoin miners, generating nearly 2,500 BTC ($170 million) since launch. Most of these transactions? Minting. So, if you're still stuck on BRC-20, maybe it's time to get with the program and check out Runes. After all, it's not just a fad, it's the future of Bitcoin DeFi. 💰

🚀 Masternodes are the superheroes of the blockchain world, performing extra duties like enabling fast transactions and making governance decisions. But, becoming a masternode isn't for the faint-hearted. It requires a hefty initial investment and some serious tech know-how. However, the rewards can be lucrative, with operators earning a slice of transaction fees and block rewards. But beware, superheroes also face risks. Market volatility, cyberattacks, and regulatory changes can all impact profitability. So, if you're considering donning the masternode cape, make sure you're ready for the rollercoaster ride! 🎢

🚀 Ethereum's zkSync is under fire for its ZK token airdrop. Critics say it lacked anti-Sybil measures, allowing crafty crypto farmers to "farm the heck out of it." The airdrop was open to 695,232 wallets, but some say the eligibility criteria were too easy to game. Nansen, a crypto analytics firm, clarified they didn't advise on allocations or perform anti-Sybil checks. Meanwhile, zkSync argued that strict anti-Sybil measures often exclude real users. Despite the controversy, the ZK tokens could be worth up to $52.3 million. So, who's up for some farming? 🌾

📣 Breaking News! Donald Trump, once a Bitcoin skeptic, now courts the crypto industry! In a recent meeting with Bitcoin mining execs at his Florida residence, Trump reportedly promised to advocate for the sector if re-elected. The discussion included how Bitcoin mining can boost the electrical grid and job creation. This comes amidst mounting political pressure on the sector over emissions and energy consumption. Trump, who once called Bitcoin a "scam," now declares himself the "crypto president" and even accepts crypto for his campaign funds. Is this a game-changer or just another political maneuver? Stay tuned! 🚀

📉 Bitcoin's retail demand has hit a 5-month low, dropping to -17% over the last 30 days, according to CryptoQuant author Axel Adler. But don't go crying into your crypto wallets just yet! 😄 Adler reminds us that a similar drop in January led to a 75% surge in the following two months. Could history repeat itself? 🤔 Meanwhile, Bitcoin is currently trading at $67,350, down 3.19% over the past 24 hours. Despite this, future traders aren't anticipating a quick recovery, even with the CPI results due on June 12. So, buckle up, Bitcoiners! It's going to be a bumpy ride! 🎢