On May 30, the #Notcoin ($NOT ) gaming token jumped 30% to $0.012. Its capitalization reached $1.22 billion with a trading volume of $1.29 billion, according to #CoinGecko .

The weekly growth of the asset amounted to almost 130%. At the time of writing, the project ranks 81st in the top of the largest cryptocurrencies.

Despite the decline after the listing, the asset continues to gain back ground. #CryptoQuant analysts attributed such dynamics to the NOT distribution model.

"After listing on Binance on May 16, there was a sharp increase in the number of transactions [with NOT] and active addresses, although the price and trading volumes soon declined, indicating that the initial excitement has faded. Despite this, the significant accumulation of funds by large holders indicates sustained confidence," the experts wrote.

According to their data, a significant portion (69.59%) of the NOT airdrop was distributed via onchain withdrawal, while 22.87% was allocated to community incentives - this "demonstrates a strategy aimed at broad engagement."

A significant proportion of coins went to centralized exchanges after launch, CryptoQuant noted. The initial "market overreaction" caused a correction, but a combination of holder accumulation and community incentives provided the potential for recovery.

#Megadrop #altcoins

🚔 The U.S. Department of Justice arrested 35-year-old Chinese citizen Yunhe Wang for organizing the 911 S5 botnet of more than 19 million private IP addresses and reselling them to criminals.

The scheme operated from 2014 to 2022, victimizing residents of more than 200 countries. According to Chainalysis, Wang's wallets held more than $130 million in digital assets.

#crimes #Chainalysis #btc70k #altcoins #Megadrop

◽️The New York Stock Exchange (NYSE) said it will consider listing cryptocurrencies after regulatory clarity emerges, according to Lynn Martin, head of the platform.

◽️В community has heard rumors about the possible listing of #Solana ($SOL ) on the Chicago Mercantile Exchange (CME), but there has been no official confirmation or denial from the company.

#NYSE #CME

The gap between the FDV (full capitalization at announced issuance) and the actual capitalization of CoinMarketCap's top 100 projects is $250 billion. 90% of this amount is accounted for by 22 tokens, while one #Worldcoin​ (WLD) accounts for 19%.
#Megadrop #btc70k #altcoins #BinanceLaunchpool

👨‍💼 #KuCoin launched API Broker program for third-party applications

Cryptocurrency exchange KuCoin announced the launch of a program that will provide marketing support and up to 55% of user commissions to developers of trading software for traders.

$NOT

Notcoin ($NOT ) continues to grow steadily despite the general market correction. Over the day, the rate grew by another 26%, and the capitalization of the project exceeded $1.2 billion.

#Notcoin #NOT

💬 #Bloomberg exchange analyst Eric Balchunas called the filing of updated Forms S-1 by #Ethereum-ETF issuers in the US a "good sign." He anticipates that the instrument will be listed in late June or early July.

Yesterday, for example, the updated form was filed by #BlackRock .
$ETH #ETHETFsApproved #FIT21

👀 Media: the campaign to re-elect U.S. President #JoeBiden has begun turning to crypto industry players for regulatory guidance in the past two weeks.

This dramatic reversal indicates the significant influence of the electorate that owns digital assets on the outcome of the election. Trump and Biden, who have spoken negatively about crypto in the past, are now looking to become industry-friendly.

That's why we see such a sudden approval of an #ETF on #Ethereum , which happened in contradiction to the classic procedure, said Katie Wood of #ArkInvest :

"If the ETF had been approved in the normal way, we would have gotten questions from the SEC ahead of time. But no one was getting those questions from the #SEC . Everyone was absolutely certain that the $ETH -ETF would fail."

💬 #ARK Invest CEO Katie Wood believes that El #Salvador's GDP could grow 10 times during the five years of Nayib Bukele's new presidency.

In her opinion, this will be facilitated by the acceleration of economic reforms in the country with the help of bitcoin and artificial intelligence. Separately, Wood mentioned Bukele's understanding of the Art Laffer curve, a concept that implies an optimal level of taxation at which tax revenues are maximized.
#Megadrop #btc70k #altcoins

💳 #Mastercard has announced the launch of its #CryptoCredential service. It allows sending digital assets to readable addresses similar to ENS-domains.

Transactions are already available to users of #Bit2Me #Lirium , Mercado, #Foxbit and Lulubit platforms in Argentina Brazil Chile France Guatemala Mexico Panama Paraguay Peru Portugal Spain Switzerland and Uruguay.

◽️#PayPal has extended support for its own #PYUSD stablecoin to the #Solana blockchain.

◽️LayerZero will add Solana for cross-chain transfers.

$SOL

🤯 A trader turned $861 into $657,000 in 5 hours on the #MOTHER meme token on the #Solana network.

According to Lookonchain's observations, the wallet spent 5.14 $SOL to buy 86.55 million MOTHER (8.66% of the total supply) and then sold 80.41 million tokens for 3,035.5 SOL. That leaves 6.14 million tokens worth $148,000 in his wallet.

#Lookonchain stated that it is highly likely that this address is not an insider. Before buying MOTHER, he traded nearly 700 coins and had a success rate of less than 25%.
#altcoins #mememcoinseason2024

📊 The 2023-2024 uptrend seems remarkably similar to the 2015-2017 bull market, #Glassnode analysts said in a new report.

Back then, derivative products were not widely available in the market, and the current picture resembles the "spot rally" of those times.

This can explain the minor corrections, each of which, to some extent, increases market stability and reduces volatility. According to experts, long-term investors have reduced sales and are re-accumulating the cryptocurrency on the balance sheet in anticipation of a new upward momentum.

"Given organic sales by miners of ~$32 million per day post-halving, purchases by US #ETF s alone are eight times the figure. This underscores the scale of the funds' exposure."

There is a downside to the broad institutionalization of crypto - growth is also becoming more moderate, the analysts concluded.
#Megadrop #EarnFreeCrypto2024 #altcoins

🎮 #Aptos summarized the results of a three-day campaign that saw 63,198 unique addresses join the #Tapos clicker game and earn #HEART tokens.

Cumulatively, the network processed over 323 million transactions. At its peak, the team recorded more than 2,000 TPS running in parallel. $APT plans to launch the second stage of the game, the start of which will be notified through official channels.

🤝 Mining company #RiotPlatforms has submitted an offer to the board of directors of rival Bitfarms to purchase all marketable shares at a price of $2.3.

The total amount of the takeover offer is estimated at $950 million. The proposed share purchase rate provides for a 20% premium to the weighted average quotations for the month.

Update: Bitfarms, despite the proposed overpayment, rejected Riot's offer, saying it "significantly undervalues the company and its growth prospects."

Shareholders also requested a non-disclosure agreement to continue a constructive dialog

#Megadrop #altcoins

🔥 Two researchers helped a European resident recover the password to a cryptocurrency wallet with 43.6 $BTC worth about $2.96 million.

The victim said he created a cryptocurrency wallet in 2013 and used the #RoboForm app to generate a secure password. The software stored the information in encrypted form and after the file was corrupted, the wallet owner lost the 20-digit password.

Cardano ($ADA ) is repeating the fate of $EOS and its likes in past cycles, losing capitalization in a bull market despite all the updates.

Since reaching ATH in September 2021, the rate has fallen by 85% (the situation is worse only for $XRP ).

In the top 10 #Cardano was moved by #Shiba Inu.

🔥Mem-coins are back!

Seven of them were among the top 15 assets in terms of trading volume over the past 24 hours - the figures for each exceeded $1 billion, and in the case of $SHIB , $2 billion.
$PEPE $DOGE #NOTCOİN #Floki

⚡️ #BlackRock 's (IBIT) spot $BTC -ETF outperformed #Grayscale (GBTC) in terms of assets under management.

#btc70k #ETF

⚡️ Blockchain casino #ZKasino has opened an $ETH (1:1) withdrawal from the protocol following the arrest of founder Derivatives Ape in the Netherlands. This was announced by Derivatives Ape himself on social network X, which provoked doubts from the community.

According to the statement, users were given 72 hours. Only source addresses that have made deposits will be allowed. The rest will receive #ZKAS tokens, according to the previous plan.