The cryptocurrency market experienced a period of intense volatility that peaked after the June 12 FOMC meeting and the release of the inflation report. However, some optimistic observers expect a recovery in the space, and some meme coins like PEPE and BONK are gaining renewed attention.
With PEPE up 5.41% last night and BONK poised for a Morning Star, these memecoins are ready to reverse their trend. Will this month’s reversal rally lead to a broader market recovery?
Let's take a look at the technical analysis of PEPE and BONK

Coinbase has launched a new Smart Wallet that aims to simplify the user experience in blockchain transactions, solving common problems such as complex onboarding processes, network fees and the need for recovery phrases.
Smart Wallet allows users to quickly create a secure, self-custodial wallet using familiar authentication methods such as Face ID, Google Chrome, and fingerprint unlock.
A notable feature is the gasless transaction feature, which enables developers to sponsor transaction fees for users via paymaster integration, removing the barrier of network fees.
Achieve mass adoption by simplifying the onboarding process

A closely followed cryptocurrency analyst believes that one of Ethereum’s (ETH) rivals is gearing up for big gains.
Pseudonymous trader Kaleo told his 641,800 followers that Avalanche (AVAX) could be about to emulate Bitcoin’s (BTC) 2021 bull run pattern.
“AVAX/BTC: I still can’t sleep on the avalanche. Chart looks like it’s in a similar position to where it was in July 2021. Started the new year with huge gains and it bled for a few months before it started to rip apart. Quiet before the storm.”
Looking at his chart, the trader suggests that AVAX/BTC could break out of the descending channel and reach 0.0014 BTC ($99.87), similar to when the pair surged from around 0.0003 BTC in July 2021 to around 0.0025 BTC in December 2021, a 733% increase.

According to foreign reports, Google announced today that it has acquired Cameyo Inc., a virtual application delivery platform for remote work.

This will bring the company's expertise in providing cloud desktops to internal employees.
Google's ChromeOS team and Cameyo did not disclose any details about the terms or value of the deal.
The Cameyo platform allows different applications for different platforms to be delivered to any device via the cloud, including Windows, Linux, Software as a Service, and web applications. This is useful because adopting an operating system such as ChromeOS means giving up access to Windows applications, but Cameyo allows enterprise information technology teams to transfer them to desktops and laptops running the new operating system. #eos

 
Trump has reportedly become the first US presidential candidate to accept Bitcoin Lightning Network payments for campaign donations, accepting a minimum cryptocurrency donation of $500. I have to say, he really knows how to stir things up.
 
The Trump campaign is understood to have partnered with OpenNode, a leading Bitcoin and Lightning Network infrastructure provider, to facilitate these donations. Supporters can now donate to Trump’s 2024 presidential campaign using Bitcoin via the Lightning Network, a technology designed to enable fast and low-cost transactions.
 
In fact, the Trump team is not only using the Bitcoin Lightning Network to raise funds. As early as May 11 this year, the Trump campaign team claimed that donations could be made using any cryptocurrency accepted by Coinbase Commerce products, including Bitcoin, Ethereum, DOGE and other cryptocurrencies.

Farcaster is a social protocol built on Ethereum based on OP Stack. Farcaster has launched Warpcast, which is a microblog and Twitter in the crypto market. Compared with traditional Web2 platforms, Farcaster emphasizes user control over data and allows social data to be transferred between different applications within its ecosystem. Currently, the project has received support from many project parties including Vitalik and Base official! You must participate in the registration, and the registration cost is only 5U, which is 38 yuan!
investor:

In 2021, Farcaster has completed a $30 million angel round of financing led by A16Z!

According to overseas media reports, CZ has begun serving his sentence in a low-security federal prison in Lompoc, California.

CZ's defense team, Latham & Watkins, confirmed that CZ is now in custody. In November 2023, CZ pleaded guilty to violating the Bank Secrecy Act for failing to maintain an effective anti-money laundering program; in April this year, CZ was sentenced to four months in prison.

On May 31, 2024, Yves La Rose, CEO of the EOS Network Foundation (ENF), said that the new token economics proposal for the EOS network has been officially passed. The proposal will shut down inflation and destroy 80% of the total supply of EOS in the future. The code deployment will take effect on June 1. In the future, the total amount of EOS will be fixed at 2.1 billion. Subsequently, the EOS Network Foundation announced a new development roadmap for EOS.
According to current market developments, the EOS destruction proposal is actually a marketing strategy that turns the meme concept into a reality. It is expected that EOS will see a good increase when the destruction is completed on June 1.

According to SolanaFloor’s recent post on the X platform, Jose Fernandez, senior vice president of @PayPal, said in an interview with Coindesk that Solana is very suitable for payment scenarios. He also explained that they are bringing mainstream cryptocurrency use cases through a remittance company called @Xoom, which supports billions of dollars in transaction flows each year. Earlier, PayPal announced that it had chosen the Solana blockchain to expand its stablecoin PayPal USD (PYUSD). #solana

Solana is currently trending well compared to other altcoins and is heading towards the top. The altcoin season is seeing steady price gains as Bitcoin rises, and Solana is at the top with its rapid growth and progress in its ecosystem.
The presale projects launched on SOL this year spurred a surge in on-chain activity, allowing the token to gain the most attention this season. These projects have been called a boon to the ecosystem, injecting capital into the ecosystem and ultimately helping Solana establish a reliable price threshold this season.
According to CoinCodex, Solana will continue to rise and will climb to new highs this weekend. CC predicts that Solana will eventually trade around $169 by June 2. This slow volatility will continue until June 5, after which SOL's price momentum will stabilize.

The current environment in the cryptocurrency market supports an upward trend for Real World Asset (RWA) tokens as institutional demand for them continues to grow. RWA tokens such as HIFI, ONDO, and PRCL are expected to see significant growth in the coming weeks, potentially surging by 100% or more. #hifi📈 #RWA板块涨势强劲

Solana [SOL] experienced a 165% rise from the end of January to the end of March and then consolidated to a negative mark.
At the time of reporting, Solana was trading at around $167.30. Sol is still rising before it is likely to continue rising.
The fair value gap area around $153 and the demand zone below the fair value gap around $145 are price magnets for a possible correction before retracement to the Pennant resistance level.
If the price can move beyond the demand zone, it could drop further towards the support level.
If the price falls back to the demand zone after filling the fair value gap and builds enough momentum to break above the marked resistance zone, a move to the $200 target is possible.

The Ethereum Name Service (ENS) plans to transition to Layer 2 through its upcoming V2 upgrade, which aims to reduce operating costs, improve scalability, and support a wider range of use cases.
ENS provides user-friendly blockchain addresses through its .eth domain name service. The platform has seen widespread adoption, securing millions of domain name registrations and establishing partnerships with key players such as Coinbase, GoDaddy, and Uniswap.
The move to Layer 2 is a response to the challenges posed by high transaction fees and limited scalability on the Ethereum mainnet. By leveraging a Layer 2 solution, ENSv2 will reduce domain registration and renewal fees, making them more cost-effective

Now, the price of Shibainu has risen by 11%, including the expected increase in Shibainu trading funds and trading activities.
Shibainu is worth as much this year as it was in early April. In the past 24 hours, Shibainu has gained 11% and has increased 7% in the past week. At press time, Shibainu is worth $0.00002881.
The reason for the rise in the value of Bo is many factors. One key event that caught the attention of the crypto community was the large number of transactions made by fish in the Bocoin market, especially for Bo and Bo.
Money flows into SHIB
For example, Lookonchain previously drew attention to an anonymous fisherman who moved investments from the pepe-themed Shiba Inu token. Initially holding 1.97 trillion pepe tokens, worth more than $607 million, the investor deposited them on Binance and realized a profit of $349 million.

On May 28, the Hong Kong Securities and Futures Commission (SFC) issued a statement on the end of the non-violation period for virtual asset trading platforms, reminding the public that the non-violation period for operating virtual asset trading platforms in Hong Kong under the Anti-Money Laundering Ordinance will end on June 1, a transitional period. All virtual asset trading platforms operating in Hong Kong must be licensed by the SFC or be applicants for virtual asset trading platforms that are "deemed to be licensed."

The SFC pointed out that operating a virtual asset trading platform in Hong Kong in violation of the Anti-Money Laundering Ordinance is a criminal offence, and the SFC will take all appropriate actions against any illegal acts.