This Solana Meme Officially Rocketed Coin: On Investors' Radar With 1,500% Rally!

The price of the meme coin Chewy (CHWY) on the Solana blockchain has increased by over 1,500% in the last 24 hours. Data from DEX Screener reveals that CHWY's market value approached $10 million after this unexpected increase. Launched on June 27, CHWY experienced a dramatic rise. It first rose over 13,500%, then dropped 96% and is now up 15x in value.

However, there is an obvious catalyst for the recent price increase: Keith Gill, better known as Roaring Kitty, is trading with Chewy Inc. in a new SEC filing. announced its 6.6% stake in the company. Gill gained fame for his role in the GameStop short sale in 2021. It's also worth noting that Chewy is an online retailer specializing in pet food and products.

Interestingly, Gill shared a photo of a cartoon dog on a blue background on X three days before the meme coin's rise. Coincidentally, the Solana meme character Chewy also appeared around the same time.

Binance Announces a New Rewards System to Kick Fraudsters Off the Platform.

All large companies conduct comprehensive internal audits from time to time. After a similar audit, Binance, one of the world's largest cryptocurrency exchanges, revealed that the platform's services and features could be exploited. The company has taken action against abuses that cause unfair transactions on the crypto exchange, such as increasing transaction fees, reaching API limits, etc. 

Following legal moves from government administrators around the world, #Binance is rolling up its sleeves for some changes.  The company stated in its blog post that criminals target sub-accounts, control sub-wallets and use fund management accounts to bypass security measures. 

Binance stated that they started using innovative monitoring technologies to prevent such abuses and took necessary actions by examining "all potential or suspected abuses". #Binance had also frozen the transactions of millions of dollars of crypto assets stolen from BtcTurk. 

Aiming to make the platform even more secure, Binance has launched a program where it will reward those who report suspicious transactions. The number of users of the cryptocurrency exchange reached 170 million by the end of 2023. On the other hand, #Binance was fined $2.25 million by India and accused of failing to prevent money laundering. 

On the other hand, many countries such as Hong Kong and Türkiye are also working to regulate cryptocurrencies. Still, Binance continues its operations with a volume of $2.26 trillion.

🧙‍♂️SEC sued Silvergate Bank in federal court for securities fraud.

Binance Confirms 1.7 Billion LUNC Was Burned.

Crypto exchange Binance is embarking on a big change with the community app Tax2Gas. For this purpose, 1.7 billion Terra Luna Classic (LUNC) tokens were burned. With this amount of burn, the crypto community is curious about the next target.

#Binance , the world's largest crypto exchange, burned 1.7 billion Terra Luna Classic tokens in the latest wallet burn on Monday. After the 23rd batch of the LUNC burning mechanism, Binance has burned approximately 62 billion LUNC to date.

Moreover, the total LUNC tokens burned by the Terra Luna Classic community have exceeded 125 billion. Binance continues to support the community for the Terra Luna Classic revival since 2022 through the monthly LUNC burn mechanism.

The Terra Luna Classic community witnessed the cremation on July 1. 1.7 billion Terra Luna Classic tokens were burned by crypto exchange Binance. The incineration also recorded 8.5 million LUNC in taxes. The Tax2Gas implementation expected this month will likely increase the burn rate.

The 23rd batch of the LUNC burning mechanism saw Binance spend a significant amount of transaction fees for the period from May 31 to June 29. Binance has currently been able to burn approximately 61.99 billion Terra Luna Classic tokens from transaction fees on the #LUNC spot and margin trading pairs.

As a result of the recent burn by Binance, the net burn of the Terra Luna Classic community has now exceeded 125 billion LUNC. Binance accounts for over 50% of the total LUNC burned since the community took control of the chain. The reason behind the low burning amount, unlike the community, is due to less processing.

Giant Acquisition from BlackRock

US-based BlackRock, one of the world's largest asset management companies, announced that an agreement was reached to acquire British financial data provider Preqin for $ 3.2 billion.

In the written statement made by #BlackRock⁩ , it was stated that British financial data provider Preqin accepted BlackRock's $3.2 billion cash purchase offer. BlackRock aims to strengthen its software division Aladdin by bringing together data, research and investment processing for fund managers through the acquisition. The $3.2 billion acquisition is expected to be completed this year, following the necessary permits.

It was noteworthy that BlackRock purchased Preqin, beating the offers of Bloomberg, London Stock Exchange and S&P Global.

🧙‍♂️ Bitcoin's return in June was -6.96%.

•Bitcoin's average return in July compared to previous years is +7.42%.

📣On Monday, July 1, Wanchain (WAN) will make an announcement.

🇪🇺The European Region inflation rate will be announced on Tuesday, July 2 at 12:00.
•Expectation: 2.5% •Previous: 2.6%

🇺🇸 Fed Chairman Jerome Powell will give a speech on Tuesday, July 2 at 16:30.

🇺🇸US Stock Exchanges will close early on Wednesday, July 3, due to Independence Day.

🇺🇲US Unemployment Benefit Applications will be announced on Wednesday, July 3 at 15:30.
•Expectation: - •Previous: 233K

🇺🇸FED FOMC minutes will be published on Wednesday, July 3 at 21:00.

🇺🇸The US Unemployment Rate will be announced on Friday, July 5 at 15:30.
•Expectation: 4.0% •Previous: 4.0%

🇺🇸US Non-Farm Employment Data will be announced on Friday, July 5 at 15:30.
•Expected: 180K •Previous: 272K

Ethereum Whale Signed a $60 Million Movement.

An Ethereum whale woke up from its slumber. It moved over 7 thousand Ethereum. This move did not go unnoticed in the market. An Ethereum ICO whale woke up to shift 7000 coins to crypto exchange Kraken amid massive outflows in ETH.

Despite significant upward momentum received by #Ethereum today, July 1, an #ICO whale moved a significant amount of its assets to a centralized exchange. According to data by CoinShares, 7,000 cryptocurrencies have been registered to be dumped amid Ethereum's $60 million weekly outflows.

Ethereum recorded the biggest outflows since August 2022.  ETH has raised serious concerns among market investors. So, look at the digital asset's current market statistics and why it has sparked bearish market sentiment.

According to data from on-chain tracker EmberCN, #Ethereum whale 0x2Eb08 moved 7000 ETH worth $24.28 million to Kraken, an American crypto exchange. This process comes after 209 days of awakening. Additionally, the whale currently holds just over 40K $ETH worth $138.76 million.

Simultaneously, a report by CoinShares highlighted that the transaction emerged amid weekly $60.7 million outflows in Ethereum. Combined with last week's performance, outflows totaled $119 million, positioning the asset as the worst performer in terms of net flows to date. Year-to-date outflows totaled $25 million.

Collectively, these statistics have raised serious concerns among investors, questioning the asset's capacity for future gains despite its solid positioning as the second-largest crypto by market cap at $415.98 billion.

Stablecoin Giant Tether Announced That It is Collaborating to Make Social Security Payments with USDT in This Country!

In a significant step towards cryptocurrency adoption, Tether has partnered with Uquid, a decentralized business infrastructure platform, to allow Filipinos to pay their social security contributions using Tether's USDT on the TON blockchain.

The Philippine Social Security System (SSS) is a government-run social insurance program that serves employees in the formal, informal, and private sectors. This program is authorized by law to provide financial support to citizens in difficult times and administers both the social security program and the workers' compensation program.

Through this new partnership, Tether and Uquid aim to simplify the payment process for Filipinos by leveraging the stability and efficiency of USDT.

Uquid emphasized that this collaboration demonstrates how stablecoins and cryptocurrencies can improve and simplify daily financial transactions.

Tether's integration into the SSS payment system marks a significant evolution in the use of digital assets for government services, potentially paving the way for broader cryptocurrency adoption in public sector operations.

🧙‍♂️The biggest token unlocks this week.

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Circle became the first regulated stablecoin issuer in the European Union.

The US company complied with MiCA regulations by obtaining the Electronic Money Enterprise (EME) license. With this license, Circle will be able to offer USDC and EURC stablecoins in the European market with legal assurance.

🧙‍♂️Aptos Foundation (APT) has proposed distributing a version of Aave V3 to the Aptos network.

🧙‍♂️Circle received its first stablecoin license under the EU's new MiCA crypto rules.

🧙‍♂️ #Web3 payment infrastructure provider Transak has partnered with #Uniswap Labs.

🧙‍♂️ Uniswap Wallet users will be able to purchase crypto directly with fiat money in the wallet.

US presidential elections brought a record in Polymarket!

Decentralized crypto prediction platform Polymarket reached $100 million in monthly trading volume in June as investors increased their bets on how the US presidential election will turn out.

Decentralized crypto prediction platform Polymarket reached $100 million in monthly trading volume in June as investors increased their bets on how the US presidential election will turn out.

As of the writing of the news, there are $203.3 million worth of bets on the "2024 Presidential Election Winner" consisting of "Yes" or "No" bets. Former president Donald Trump is currently seen as the favorite given that he has a 62 percent chance of winning the US election and a total of $24.7 million has been bet in his favor and against him.

Current president Joe Biden is in second place, with $23.9 million betting on whether he will get another term in office. But those rates have dropped from 34 percent to 21 percent since his lackluster Presidential Debate performance on June 28 .

Meanwhile, the chances of Democrats Gavin Newsom, Kamala Harris and Michelle Obama have improved as some political commentators question whether Biden should drop out of the presidential race. Millions of dollars of bets were also made on other election-related platforms.

Biden's recent debate performance has also led to an increase in "Yes" bets on the "Biden withdraws from the presidential race" and "Biden leaves on July 4" markets; these bets are currently at 43 percent and 9 percent respectively.  Over $10 million was bet on these markets 

There are also multimillion-dollar bets on whether American rappers Kanye West and Elizabeth Warren will win the presidency, but these markets are showing less than a 1 percent chance at this stage.

How much is Ethereum Founder Vitalik Buterin's wealth?

The total wealth of Ethereum (ETH) founder Vitalik Buterin exceeded the level of 800 million dollars.

According to research by blockchain analysis firm Arkham Intelligence, Ethereum founder Vitalik Buterin's wealth, which was $552.86 million at the beginning of this year, has increased to over $800 million.

Vitalik Buterin entered the cryptocurrency world by founding Bitcoin Magazine in 2011. Buterin published the Ethereum whitepaper in 2013 to address Bitcoin's limitations.

According to Arkham records, most of Vitalik Buterin's wealth comes from his ETH coins. It is assumed that Vitalik Buterin has approximately 246 thousand 730 Ethereum in total.

Vitalik Buterin has said in past statements that he has never owned more than 0.9% of the total ETH supply. According to Arkham records, Buterin owned 0.2% of the total ETH supply as of December 2023.

Buterin has the most Ethereum in his wallet among individual users. Only Rain Lohmus, who purchased 250 thousand Ethereum during the pre-sale, is ahead of him. However, Lohmus lost the keys to the wallet containing these ETHs

Buterin's wealth has grown more than 900-fold since 2015. According to Arkham, Vitalik Buterin became a billionaire for the first time during the bull market in 2021, earning a fortune of $2.09 billion when the ETH price rose to $4,891.

In addition to Ethereum, Buterin's wallet contains 869 thousand 500 Kyber Network (KNCL), 196.42 Wrapped Ether (WETH) and 101 million THE.

The big day has come for 3 artificial intelligence coins: What will happen to the tokens?

Artificial Superintelligence Alliance (ASI) association, SingularityNET (AGIX), Fetch.

The first of the two-stage process, which includes the Artificial Superintelligence Alliance (ASI) merger, SingularityNET (AGIX), Fetch.ai (FET) and Ocean Protocol (OCEAN), will begin today.

The long-awaited day has come for ASI, which has been on the agenda in both artificial intelligence and crypto industries for a while. The team shared detailed information about the merger process in their post on X:

In the first phase, SingularityNET's AGIX and Ocean Protocol's OCEAN token will be consolidated into Fetch.ai's FET token. In this process, tokens will come together on the Ethereum network. Those on other chains will need to bridge from their own chains to join the merge. Users who want to wait for other chains such as Cardano or Polygon to be supported can wait for the second phase.

The project name and logos will be revised on July 1, 2024. Deposits and withdrawals will be closed for AGIX and OCEAN, but transactions for FET will continue uninterrupted. A transition platform for AGIX and OCEAN tokens to FET will be opened on SingularityDAO and these tokens will begin to be removed from the exchanges.

At this stage, no action is required for token holders on centralized exchanges such as Binance; tokens will automatically be converted to FET at the appropriate rate. Users in their own custodial wallets on the Ethereum mainnet will receive detailed guides for a smooth transition.

The second phase will aim to involve community members and ASI will be distributed across all chains. The Fetch.ai network will be upgraded to the ASI network and new migration contracts will be introduced. AGIX, OCEAN and FET tokens will be converted to ASI. FETs will be converted to ASI at a one-to-one ratio. In this process, emphasis will be placed on infrastructure improvements to increase the performance, security and scalability of the network.

Binance exchange added 11 cryptocurrencies to its watch list

Binance exchange, which has made many listing and delisting moves recently, announced that it has added 11 cryptocurrencies to its watch list. Assets included in the watch list can be taken off the exchange according to their statistics and data in the process.

According to the statement, the tokens included in the watch list are as follows:

“Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status ( SNT), Sun (SUN)

🚨 Digital asset investment products saw an outflow of $30 million last week.

Bitcoin products recorded an inflow of $10 million and Ethereum products recorded an outflow of $60.7 million.