🌐The cryptocurrency market today presents a mixed sentiment, with #bitcoin☀️ maintaining a bearish stance at the $64,000 mark. Despite this, some altcoins have shown significant gains. #Solana (SOL) and AI-related coins, along with #pepe⚡ have defied the broader market trend, recording impressive performance. Meanwhile, the global crypto market cap has decreased by 0.49% to $2.34 trillion, with the total crypto market volume falling by 3.89% to $66.21 billion.
🎖️Top Gainers🎖️
1️⃣Arweave $AR
•Price: $27.57
•Change (24h): +8.28%
•Volume (24h): $76,826,692
🔹Arweave (AR) has shown robust performance today, rising by 8.28% to $27.57. The daily chart reveals that AR has been in a recovery phase after facing downward pressure in previous sessions. The MACD indicator is still below the signal line, indicating that the bullish momentum might be gaining traction. However, the RSI at 36.11 suggests that the coin is still in the oversold territory, providing a buying opportunity for investors looking for a potential rebound.

🔸The broader market sentiment has influenced AR's price movement, but the recent surge indicates strong buying interest. The coin's trading volume has supported the price increase, reflecting heightened market activity. If the bullish momentum continues, AR could challenge higher resistance levels around $30 in the coming days.

2️⃣JasmyCoin $JASMY
•Price: $0.02868
•Change (24h): +5.16%
•Volume (24h): $150,079,144
🔹JasmyCoin (JASMY) has also recorded significant gains, up by 5.16% to $0.03263. The technical chart shows that JASMY is trading within a tight range, with the MACD showing a slight bullish crossover, and the RSI at 43.07 indicating a neutral market stance. This setup suggests potential for further gains if the coin breaks above the current resistance.

🔸Despite the general bearish sentiment in the market, JASMY's performance stands out. The increase in volume supports the bullish case, indicating that investors are accumulating the coin. A sustained increase in volume could propel JASMY to test higher resistance levels around $0.03 and beyond.
3️⃣Notcoin $NOT
•Price: $0.01486
•Change (24h): +6.48%
•Volume (24h): $458,972,839
🔹Notcoin (NOT) has seen a notable increase of 6.48%, reaching $0.01537. The coin's daily chart shows a similar pattern to AR and JASMY, with the MACD indicating a bullish trend and the RSI at 47.17 suggesting a neutral to slightly bullish market condition. This combination of indicators points to a potential upward trajectory if the market conditions remain favorable.

🔸The increase in trading volume for NOT is significant, reflecting strong market interest. The price action suggests that NOT could continue its upward movement, targeting higher resistance levels. Investors should watch for a breakout above $0.015, which could signal further gains.

♦️The $XAI Foundation, a core contributor to the gaming-centric blockchain network, Xai, has announced the upcoming launch of its premier gaming activation, #XaiVanguardGenesis Scheduled to kick off on June 10th and run through November, this event is set to feature a rich lineup of new game releases, quests, achievements, and rewards tailored for the Xai community.

♦️What is the Xai Vanguard: Genesis Activation🔰
🔺#XAIVanguard Genesis builds on the momentum of last year’s successful Xai Odyssey campaign, which saw impressive engagement within the blockchain gaming space. Xai Odyssey recorded over 500,000 connected wallets, 5 million daily transactions, and $175 million in player rewards. Unlike its predecessor, which operated on the Xai testnet, the Xai Vanguard: Genesis will be the first major campaign conducted on the Xai mainnet.
🔺Xai Blockchain🌐

🔺Xai is the world’s first Layer 3 solution for AAA gaming. Powered by Offchain Labs’ Arbitrum technology, Xai was developed to enable real economies and open trade in the next generation of video games.
🔺Additionally, Ex Populus, founded by experts from industry giants Activision, Pixar, Ubisoft, and others, is the pioneering game developer on the Xai chain and believes that blockchains should primarily serve as a backend technology, and complex web3 interactions should be abstracted away. This approach enables traditional gamers to enjoy the advantages of blockchain without encountering the often high barriers typically associated with web3 experiences.
🔖#XAİ Tokenomics
🔺The Xai network and ecosystem leverages XAI and esXAI (escrowed XAI) to bring balance and integrity to the ecosystem.

♦️Xai Reveals Vanguard: Genesis Campaign With New Ethereum Games and Rewards 🎖️ Decrypt ✨
👉Decrypt’s Art, Fashion, and Entertainment Hub.

🔺Xai, an Arbitrum-powered Ethereum layer-3 scaling network focused on video games, announced Thursday that it will launch its Vanguard: Genesis campaign beginning June 10, offering up months of game launches and fresh rewards ahead.
🔺Set to run through November, the Vanguard: Genesis campaign will feature a suite of new game releases, quests, achievements, and rewards for the Xai community. Games including Crypto Unicorns, Final Form, and The Lost Glitches will launch and reward players for achieving in-game milestones as they compete for the top spot on the leaderboard.
🔺The event follows the previous Xai Odyssey campaign last year, which drew more than 500,000 connected wallets, generating 5 million daily transactions ahead of a rewards distribution to players of $175 million worth of assets.
🔺The launch of Xai Vanguard: Genesis marks a significant milestone for the Xai ecosystem," said the pseudonymous Soby, a core contributor to Xai. "By bringing together a diverse range of game partners and leveraging our robust infrastructure, we create an unparalleled gaming experience that will drive innovation and engagement in the blockchain gaming space.
🔺Developers will also be able to participate through "builder quests" facilitated by the recently announced Xai Builder development platform powered by Sequence.
♦️Vanguard NFT Drop🎭
🔺The Xai Foundation is giving away an NFT collection on Xai Testnet. The drop will span over 42 days and offers a collection of 42 unique characters called Vanguards.

🌐Network Rewards🧧

🔺Network Rewards are issued from a Challenge every hour based on the emission schedule. These hourly rewards are divided up amongst all operational Sentry Keys that participate in the Challenge.
🔺Although the total network Reward for each Challenge is fixed by the emission schedule, the division of the Network Reward amongst the operational and participating Sentry Keys depends on a number of factors: the total supply of XAI and esXAI, the number of keys that are operating for a given Challenge, and the reward tier of those keys.
#XaiVanguardGenesis $ARB $SOL

🌟 Discover #BounceTon – The promising #TON coin restaking project, proudly supported by Binance Lab.

♦️ABOUT BOUNCETON
◾In the blockchain world, restaking refers to the process of reinvesting earned cryptocurrency rewards back into the network to generate additional rewards. By restaking, users contribute to the network's security and decentralization while earning passive income through their staked tokens.
◽At BounceTON, we provide a comprehensive restaking solution for the TON blockchain. Our platform simplifies the restaking process, enabling users to effortlessly reinvest their rewards and maximize earnings. With BounceTON, users benefit from compounding rewards, secure investments, and active participation in network governance. Join us today and unlock the power of restaking with BounceTON!
♦️TON RESTAKING
📈Enhanced Yield for TON Holders
◽Restaking enables holders to continuously reinvest earned rewards, leading to compounded growth of their cryptocurrency holdings over time while generating a steady stream of passive income with minimal active involvement.

👉Risk Management and Long-Term Growth
◾By promoting a disciplined, long-term investment approach, restaking helps mitigate short-term market volatility and fosters consistent, sustainable growth of cryptocurrency holdings.

🌐Network Participation and Security
◽Restaking encourages active participation in blockchain networks, contributing to their security and decentralization by validating transactions and increasing overall network stability.

💠ROADMAP

✨Join now to not miss out on growing with BounceTon!🪄👇
👉_ https://t.me/bounceton_bot/app?startapp=R6199447879

#BinanceLaunchpool #StartInvestingInCrypto #BounceTon
$BTC $NOT $BNB

♏ What Is #MANTA Network?
🔹Manta Network is a multi-modular ecosystem designed for zero-knowledge (ZK) applications, setting the standard for innovative and secure decentralized solutions. It has two networks: Manta Atlantic (a Layer 1) and Manta Pacific, an Ethereum Layer 2 with plans to transition to be the first zkEVM built on Celestia utilizing the Polygon CDK.

🗝️ Key Takeaways.
🔸Manta Network uses a dual-blockchain approach; Manta Pacific and Manta Atlantic.
🔹Manta Atlantic provides a secure and customizable environment for applications demanding ultimate security, including private smart contracts.
🔸Manta Pacific also offers an programmable zero knowledge development environment an EVM-native Layer 2, with the goal of providing high scalability and low transaction fees for ZK applications.
📚 #MantaRWA application.
🔖 Manta is the ideal choice for RWA startups seeking to thrive in the Web3 landscape. With a focus on empowering individuals and institutions, Manta offers secure digital tokens, data analytics, fractionalization, and collaboration tools. These features enable efficient management, transparent ownership, and broader investor participation in RWAs. By leveraging Manta's comprehensive suite of (REAL WORLD ASSETS) RWA management solutions, startups can navigate the complexities of Web3 with confidence, unlocking new opportunities and driving growth.
♏ The #MANTA Network Ecosystem.
♦️Manta Network is more than just its technological backbone; it fosters a vibrant ecosystem of dApps and services dedicated to empowering users. Below is a list of popular dApps in the Manta Network ecosystem.

🔹Mantaswap: A decentralized exchange allowing users to swap assets on Manta Pacific with minimal fees and enhanced privacy.
🔸Network Operator Pools (NPO) Launchpad: A platform for minting privacy-preserving NFTs and zkSBTs (Soulbound Tokens), opening doors for innovative use cases in identity management and data ownership.
🔹POMP Dapp: A privacy-aware order book module for building decentralized exchanges with advanced trading capabilities.
🔸Aperture Finance: A privacy-preserving lending and borrowing protocol, Aperture allows users to access decentralized finance tools without exposing their financial activities.
🛡️ #MANTA CeDeFi: Boosting Yield and Security.
♦️Manta CeDeFi unlocks opportunities directly to on-chain users beyond simply DeFi solutions. This CeFi + DeFi (CeDeFi) combination brings users with institutional-grade compliance and extensive financial agility, through which Manta CeDeFi enables USDT, USDC, wUSDM, WBTC, BTCB, ETH, and STONE holders to earn more: including CeFi’s stable strategy arbitrage, DeFi yields on Manta Pacific, and $MANTA token.
♦️Modular Architecture.

🔹Manta's modular design, in a nutshell, is a developer’s playground where building blocks of privacy snap together with minimal compromises.
🔸Developers can freely mix and match functionalities across chains, building innovative apps that work together seamlessly. Need privacy for your DeFi exchange, or anonymity for your NFT marketplace? Manta's got pre-built modules ready to go.
✍️ Interoperability.
🔹Interoperability is at the center of Manta Network. Tearing down the walls between blockchains, allows users to transfer their assets between Manta Pacific, its Atlantic layer, and beyond.
🔸Manta Network recently partnered with Polyhedra Network to bring trustless and efficient interoperability through zkBridge. This partnership is expected to play a vital role in the network’s adoption.
📑#MANTA Network's Universal Circuits.
🔹According to Manta Network, currently there is no dedicated platform for EVM-native zero knowledge applications. To make it easier for developers to implement ZK technology, Manta Network developed Universal Circuits, a library of zero knowledge circuits designed for general use cases, allowing Solidity developers to enable ZK features in their applications with a few lines of code. These include compliant private payments for DeFi, identity verification for web3 social platforms, and even privacy-preserving shuffling for on-chain gaming.
👉 Understanding #MANTA Network.
🔸Manta Network isn't just one chain, it is a multi-dimensional ecosystem offering solutions for a variety of needs. At its core lies Manta Pacific, a high-performance Layer 2 solution built on Celestia. With the help of ZK-SNARKs, Manta Pacific offers blazing-fast transaction speeds and drastically reduced gas fees, making it ideal for scaling privacy-preserving dApps. Manta Atlantic, on the other hand, is a Layer 1 blockchain designed for applications requiring ultimate security and customization.
🔹Manta Network envisions becoming the leading ecosystem for privacy-preserving applications on blockchains. Its mission is to empower individuals and developers with tools and technologies that safeguard financial privacy and enable secure, confidential interactions on any blockchain.
🌐 The #MANTA Network Team.
🔸The formidable team driving Manta Network has years of expertise in numerous sectors in and around the fintech space; the combined expertise stands as one of the reasons for Manta Network's $500 valuation.
👉The #MANTA Network team includes the following key personnel.
🔹Kenny Li: Co-founder, MIT alum in Business Administration, bringing top-tier education and strategic vision.
🔸Victor Ji: Co-founder, Harvard alum in Public Administration, contributing invaluable expertise and leadership.
🔹Shumo Chu: Co-founder, UC Santa Barbara Assistant Professor, Algorand Systems researcher, collaborating with crypto's finest minds, including Turing Award winners.
$MANTA #MantaRWA #MantanNetwork

📣 #MemeWatch2024 PEPE and GME have become the most preferred meme coins after their continuous gains and increasing demand in the market. But is PEPE really superior to GME? #PEPE‏ #GameStop
✳️ Meme coins have officially taken over the crypto market with continuous gains and profits over the last few weeks. The gains are so high that no other cryptocurrency can beat the growth of meme coins, including Bitcoin. At the time of writing, the meme industry has grown to $60.5 Billion in market capitalization and offers $ 11 billion of transaction volume alone.
♦️ More importantly, PEPE and GME were the top contributors to creating hype about meme cryptocurrencies with their impressive profits. So, in PEPE vs. GME, which one is the meme king, or will hit the $1 first? Let us discuss that in this blog.
📍PEPE Price Analysis📊
🌿 PEPE has made history after creating multiple all-time high records within two months. It has been on every investor’s portfolio because of its huge profit potential as the token has presented many profitable opportunities, making a hundred times in profit for their investors. PEPE price is at $0.00001222 after setting a new all-time high record of $0.00001274 two hours ago.

♦️With the ongoing price surge, PEPE is ranked 24th on CoinmarketCap for its market cap of $5.14B and trading volume of $3.71B, which is up by 423%. Moreover, the token is still bullish, so the price may rise even higher if the trend continues.
📍GME Price Analysis📊
✳️ GME or Gamestop, is a newly launched Solana meme coin that has made huge gains recently. After its launch in February 2024, GME peaked at a high of $0.01352 before entering a downtrend. However, the price rose multiple folds earlier, creating an all-time high record of $0.0219 just a week ago. As for now, the Gamestop price has declined to $0.0219 after a 21% fall in the last 24 hours only. Moreover, its market cap and trading volume are down to $39,312,853 and $69,485,972.

♦️ What’s interesting about GME is that it was launched with a comparatively lower supply for a meme coin. Gamestop has a total supply of 6,885,214,218 GME, which is already in circulation. A small token amount is a beneficial factor for GME price, as the demand stays high when the supply is low.
📍Who Will Attain $1📈 First Between PEPE and GME?📊
🌿 PEPE and GME are the most popular meme coins because of their current gains. PEPE has an overall profit of 2158%, whereas GME has a 3% loss after its current decline. On comparing both the meme coins in terms of their market capitalization, PEPE is much superior to the GME because of two factors. First, PEPE has been in the market for longer than GME, so the demand is more for PEPE. Secondly, PEPE has a larger circulating supply of 420Trillion. However, this has also restricted the PEPE price from advancing as GME did earlier.
♦️ Also, the most important comparison comes from the price history of these meme coins. Despite being new to the crypto market, GME is much closer to $1 than PEPE as its price is $0.0219, whereas PEPE is $0.00001222. In contrast, GME doesn’t have much of a history in the crypto market, which also restricts the analysis of the price pattern and how the token will move next, whereas with PEPE, a tag of high gains is already attributed to this meme coin.
✳️ After carefully analyzing all the necessary metrics and market capability, PEPE is less likely to achieve the $1 mark. This is because PEPE has a huge circulating supply, and a market cap of trillions of dollars for a meme coin is not feasible for now. On the other hand, GME is already closer to $1 and has a short supply, making it easier to comprehend to see GME hitting $1 instead of PEPE.
$PEPE

📣 Fidelity Ark Invest and Grayscale have so far adjusted proposals to omit plans of staking the funds’ ETH holdings #ETHETFS
🔹As the industry tries to make sense of the evolving bullish signals around possible spot ether ETF approvals, there’s no shame in needing a quick refresher.
🔸The Securities and Exchange Commission is expected to rule on such products by Thursday. With me so far?
🔹Amended filings indicate that prospective ether ETF issuers would not stake the ETH they hold — a fund feature that segment observers long predicted the SEC to oppose.
♦️The SEC has declined to comment
🔸Analysts expect the SEC to decide on so-called 19b-4s — proposed rule changes filed by exchanges on behalf of the issuers — before weighing in on S-1 registration statements for each of the planned funds. There could be a delay between the two actions, both of which are needed for the products to hit the market.

♦️Getting up to speed on accelerated movement
🔹Various industry watchers had voiced pessimism of SEC spot ether ETF approval until yesterday, when Bloomberg analysts upped their odds of SEC approval from 25% to 75%.
🔸To be fair, Coinbase research analyst David Han had said last week he thought the market might be “underestimating the timing and odds” of US ETH fund approvals.
🔹One person familiar with the matter indeed told Blockworks on Monday: “Conversations are progressing.”
♦️Spot ether ETF decision week just got a bit more interesting
🔸Indeed, the SEC reportedly asked the exchanges which spot ether ETFs would list to update their 19b-4 documents. SEC staff told the exchanges Monday that it was leaning toward approving the products, Barron’s reported, citing “people familiar with the matter.”
🔹Jon Ammons, a partner in Reed Smith’s on-chain crypto a#nd digital asset group, told Blockworks that the SEC has sometimes asked for 11th-hour modifications if a particular issue comes up late in the process.
🔸“But I would say it is rare for them to sit on a known issue and then ask for changes at the last minute,” he added.
🔹The SEC’s possible change of heart could be linked to recent political developments just months ahead of the presidential election. With former president Donald Trump essentially pledged to be a pro-crypto president, Democrats are likely feeling additional pressure to potentially pivot their stance on the issue, Galaxy CEO Mike Novogratz said last week.
♦️Bitcoin may stay in a ‘consolidation phase’ until US election: Novogratz
🔸Twelve Democratic senators joined Republicans last week to pass a resolution to overturn the SEC’s Staff Accounting Bulletin (SAB) 121.
🔹Rashan Colbert, head of policy at dYdX Trading, said he expects the House to continue that momentum by passing the Financial Innovation and Technology for the 21st Century Act with a bipartisan majority this week.
♦️And then there’s this about-face from the SEC.
🔸“Those who’ve been deeply involved in crypto policy, who attempt to think about them from first principles, realize that these are not fundamentally partisan issues,” Colbert told Blockworks. “Some are attempting to make them so, but they’re not.”
♦️Issuers remove staking-related language
🔹Fidelity Investments amended the registration statement, or S-1, for its Fidelity Ethereum Fund Tuesday morning.
🔸The filing signaled the firm intends to not stake the ether it holds. Staking ether is the process of depositing ETH to help secure the Ethereum blockchain — and earning yield on that ETH for doing so.
🔹Fidelity’s adjustment came after Ark Invest and 21Shares, which previously proposed for their planned fund to stake the fund’s ETH, also took out such language in a May 10 filing.
🔸Oh yeah, and NYSE Arca filed a 19b-4 on Tuesday on behalf of Grayscale for its Ethereum Mini Trust.
🔹“Neither the trust, nor the sponsor, nor the custodian, nor any other person associated with the trust will, directly or indirectly, engage in action where any portion of the trust’s ether becomes subject to Ethereum proof-of-stake validation or is used to earn additional ether or generate income or other earnings,” the document states.
🔸More similar 19b-4 and S-1 amendments are expected ahead of the SEC’s ruling.
🔹Sumit Roy, a senior analyst at ETF.com, told Blockworks in March that it would be hard to imagine the SEC allowing potential ether ETFs to stake their holdings.
🔸“Staking is a feature that makes ether and other proof-of-stake cryptocurrencies more like securities, which the SEC won’t look favorably upon,” Roy noted at the time.
♦️So what does this mean?
🔹Coinbase’s Han sought to explain the possible reason for the SEC’s previous lack of engagement with prospective ether ETF issuers in a Monday X post.
🔸While staking would have made ether ETFs different than the already-approved bitcoin ETFs, he noted many details — like custodian responsibilities, net asset value calculation and benchmark rates, for example — are similar to those for the BTC funds.
🔹“If there’s no staking, it’s not clear to me why spot ETH ETFs would be mechanically different from spot BTC ETFs,” Han added. “Hence, the relative silence on S-1 communication isn’t particularly surprising to me, since it’s not clear what would need updating.”
🔸21Shares co-founder made a similar argument in a March interview with Blockworks co-founder Jason Yanowitz — pointing out the similarities between the approved bitcoin products and the ether ETF proposals.
🔹“They’re the same structure, the same custodians, the same disclosures,” Snyder said at the time. “It’s very internally consistent. That means there’s less to look at.”
♦️21Shares president ‘less bearish’ than Cathie Wood on ether ETF approval
🔸Still, the SEC could deny the spot ether ETF applications, particularly given the regulator’s historical hesitation to clearly label ETH as a security or a commodity.
🔹“The SEC could therefore say that ETH ETPs should not be Commodity-Based Trust Shares,” Ammons said. “But this would likely ignite the jurisdictional tug-of-war between the SEC and CFTC over the classification of ether.”
🔸SEC Chair Gary Gensler said in a Jan. 10 statement — the day the agency approved US spot bitcoin ETFs — that the decision was “cabined to ETPs holding one non-security commodity, bitcoin.”
🔹Jake Chervinsky, chief legal officer at crypto fund Variant, noted that the SEC approving spot ether ETFs would likely mean they are admitting unstaked ETH is not a security.
🔸“That would be a major policy move from a commission that has consistently refused to acknowledge any asset other than BTC as a non-security commodity,” he wrote on X. “Have we earned it?”

$BTC $ETH