The Ethereum layer 2 network's long-awaited token Blast (BLAST) is up 40% post-launch, performing better than other prominent airdrops that have hit the market in recent weeks.
BLAST launched at $0.02 per token, placing it at a fully diluted value (FDV) of $2 billion at launch, according to data compiled from Ambient Finance and trading platform Aevo.
BLAST's price rose more than 40% to $0.0281, and has now declined slightly and is trading at $0.024, according to data from Coingecko.

Even though the fourth 'halving' of the Bitcoin network happened over two months ago, its impact continues to affect Bitcoin miners, making the industry less profitable. ever.
According to the Hashrate Index, Bitcoin's “hash price” hit an all-time low on May 1, falling to just $44.76 per petahash/second (PH/s) per day. This index determines how much a miner can expect to earn daily at a particular hash rate.

LayerZero, the cross-chain messaging and communication protocol, launched its native token, ZRO, last week. With a total supply of 1 billion, the token opened with an FDV valuation of $4 billion before reaching a short-term high of $4.7 billion FDV. Since then, its value has steadily declined and, at the time of writing, is at $3 billion FDV, on par with rival Wormhole (W), which launched its token earlier this year.

The Shiba Inu (SHIB) price found support at the 200-week Exponential Moving Average and is currently slightly down. On-chain data shows that SHIB experienced a retracement event on June 24, with supply on exchanges decreasing, suggesting that bullish momentum could push SHIB prices higher in the coming days.
Shiba Inu prices are promising
Shiba Inu price has found support at the 200-week Exponential Moving Average (EMA) around $0.00001694 and is currently trading at $0.00001757, up 2.3% on Wednesday.

Year-to-year changes in Bitcoin supply in Asia have shown significant fluctuations correlated with price. Since January, the supply change in Asia has increased sharply from around 4% to over 8% in mid-May, in line with Bitcoin's price increase to over $70,000. It fell throughout early June but has since recovered by 8%. This trend shows growing Bitcoin accumulation in the Asian market, likely driven by increased trading activity and investor interest in the region even during the recent recession. This.

Ripple CEO Brad Garlinghouse believes that the actions of US SEC chairman Gary Gensler could jeopardize President Joe Biden's chances of being elected in the upcoming November election.

SEC Chairman (left) and Ripple CEO (right)
Garlinghouse issued a statement via social media platform X in response to Gensler's June 25 Bloomberg interview.
In the interview, Gensler reiterated his previous criticisms of the cryptocurrency industry, describing it as highly centralized and largely non-compliant with current regulations. He noted that this lack of compliance has led to the conviction of several prominent industry figures.

According to data from Arkham Intelligence, a U.S. government-controlled cryptocurrency wallet recently transferred approximately 3,940 Bitcoin (BTC), worth $241 million, to Coinbase. The wallet currently holds approximately $13.3 billion worth of Bitcoin.

Source: Arkham Intelligence
The wallet's Bitcoin stash was linked to the seizure of Bitcoin from Silk Road, a notorious online marketplace on the dark web that trafficked in drugs, weapons, and other illegal goods. Silk Road was closed in 2013.

Over the past three weeks, Bitcoin has undergone a correction of about 15%, falling from a peak of $70,000 to around $60,000. Yesterday's strong correction raised signs of the possibility of a local bottom.
Futures Market
The CryptoQuant chart shows that open interest (OI) has decreased by about $3 billion over the past three weeks. This decrease mainly comes from long-term liquidation orders. Notably, the funding rate for perpetual contracts has dropped to near zero, which shows that the balance between buyers and sellers has improved, creating a healthier pricing structure that is no longer excessive. optimistic.

The Solana blockchain has become a leading destination for new projects entering the crypto space, with developers – attracted by a number of online-only offerings – rushing to deploy more than 106,000 new tokens just this week.
According to data from portfolio platform StepFinance, a total of 106,573 new tokens appeared on the Solana blockchain in just one week, including MW which was pulled under the carpet while other altcoins are still available for swaps . It's worth noting that this count does not include NFTs built on Solana. 

The most profitable sectors of the crypto industry for the first half of 2024 have been revealed, with memecoin and emerging sectors taking the lion's share of the profits.
According to data from BitEye, CoinGecko and Wu Blockchain, memecoin leads the competition, recording a staggering 1,834% return since the beginning of 2024. In second place is the real-world asset tokenization sector. (RWA), delivering 214% returns to investors. Artificial intelligence blockchain projects yield 72%, while decentralized physical infrastructure networks (DePIN) reach 59%.

Colosseum, a cryptocurrency accelerator focused on Solana, just raised $60 million for its first investment fund to support early-stage startups in the Solana ecosystem. 
Colosseum, founded earlier this year by Clay Robbins, Nate Levine and Matty Taylor - former head of development at Solana Foundation, focuses on investing in startups participating in hackathons on Solana as an exclusive partner. authority in organizing these events, playing an important role in finding talent in the ecosystem.

A new artificial intelligence (AI) model was able to detect 13 different types of cancer with 98.2% accuracy using only DNA data from tissue samples, according to a new study.
This AI model, named EMethylNET, was developed by researchers at the University of Cambridge in the UK and can accelerate the early detection, diagnosis and treatment of cancer.
The findings, published last week in the journal Biology Methods and Protocols, focus on DNA methylation, a chemical process that occurs early when cells begin to develop – including cancer cells. Researchers trained a machine learning model to identify structures and pathways that form cancer early on.

The stablecoin market capitalization is on the rise as USD Coin (USDC) deposits on exchanges hit a one-year high on Monday, June 24. Stablecoins play a key role in the ecosystem because they is a bridge from fiat currency to the market for traders in the cryptocurrency ecosystem.
Ki Young Ju, CEO and co-founder at CryptoQuant, noted that stablecoins have acted as buy-side liquidity, according to data from the blockchain tracker.

In a research report published Monday, JPMorgan (JPM) said the Bitcoin mining sector is attracting a strong wave of interest from investors following Core Scientific's (CORZ) deal with the company CoreWeave artificial intelligence (AI).
JPM noted that since the announcement of the partnership, the total market capitalization of the 14 miners it tracks has increased by 22% – or $4 billion compared to Bitcoin's 7% decline and 3% increase. % of the S&P 500 stock index. Core Scientific said it signed a 200 megawatt (MW) artificial intelligence deal with the cloud computing company earlier this month. News of the deal has prompted analysts to reassess the Bitcoin mining sector as investors react positively.

The altcoin market is experiencing an early “crypto winter” as early investors and founders of various projects sell off their tokens.
According to a recent report by Bloomberg on June 24, this decline can be attributed to a range of factors, including token unlocking by venture capitalists (VCs) and founders holdings, as well as selling pressure due to the correlation between altcoins and main network tokens.

North American Bitcoin mining company Hut 8 announced on Monday that it has received a $150 million strategic investment from Coatue. The investment, in the form of a convertible bond, is intended to accelerate Hut 8's growth in the AI infrastructure market.
The deal comes amid a surge in demand for AI computing capabilities, exceeding the capacity of many traditional data center operators. Hut 8 plans to leverage its experience in developing and operating energy infrastructure to meet this unmet need.

The price of Shiba Inu (SHIB) dropped nearly 10% yesterday following significant profit-taking by whales and controversy surrounding meme coin WATER and American singer Jason Derulo.
SHIB's decline may be due to whale selling
SHIB whales may be selling their shares following the recent decline in the cryptocurrency market. Data from Lookonchain shows that one whale wallet transferred its entire SHIB holdings of 1.08 trillion SHIB (worth $18.4 million) to Binance, potentially netting a profit of $8.3 million. This whale initially withdrew 1.08 trillion SHIB from Binance between November and December for an average price of 10.07 million USD.

Solana holders and crypto analysts on
Analysts say that this rumor has existed for “several weeks now” and that the crypto community on X strongly criticized the KOL for his statement. Some analysts have called this statement a rumor and criticized Crypto Bitlord.

Rich Dad Poor Dad author Robert Kiyosaki says most people should sell Bitcoin now that the cryptocurrency's price is "collapsing." However, he asserted that he is waiting to buy more Bitcoin, emphasizing that “all markets have ups and downs.” The famous author notes that his strategy is similar to that of Berkshire Hathaway CEO Warren Buffett, which he describes as "buy and hold forever."

Galaxy Research Director Alex Thorn believes that the distribution of over 140,000 Bitcoin (BTC) from the Mt. Gox bankruptcy will have a less severe market impact than anticipated.
Thorn said his research indicates that Bitcoin sales will come mainly from individual creditors, who will receive less than half of the 140,000 Bitcoins. He also argued that most individual creditors have been involved in Bitcoin since the early days and are unlikely to sell.