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Stellar (XLM) Readies for Game-Changing Upgrade: Details. The Stellar network is on the verge of a game-changing upgrade that might redefine its ecosystem: the Protocol 21 upgrade. The upgrade comes after the successful mainnet launch of Soroban, Stellar's smart contract platform, following a successful validator vote on Feb. 20, 2024. Now, almost three months later, Stellar network readies for another protocol vote. On June 18, 2024, Stellar public network validators will vote on whether to upgrade the network to Protocol 21 which, if approved, will enable five new Core Advancement Proposals (CAPs) on Stellar's Mainnet. These five CAPs provide several exciting new features, including passkey signing support and an upgrade to state archives as well as cost savings for smart contract transactions. These include CAP-0051, smart contract host functionality or secp256r1 verification, which enables secp256r1 verification of Stellar's smart contracts via the exported host interface. The acceptance of this CAP will enable secp256r1 verification, allowing developers to create contracts that include passkeys to sign smart contract transactions instead of utilizing passphrases or signing keys. CAP-0053 allows for the extension of the time to live (TTL) for contract instances and contract code through independent Soroban smart contract host functions. The other three CAPs use different ways to keep Soroban transactions affordable. They include CAP-0054: The Soroban refined VM instantiation cost model refines the cost model for virtual machine (VM) instantiation. CAP-0055: Soroban streamlined linking reduces overall costs by linking to fewer host functions during virtual machine (VM) instantiation. CAP-0056: Soroban intra-transaction module caching reduces overall costs by caching parsed Wasm modules within Soroban transactions. The Testnet upgrade to Protocol 21 is scheduled for May 14, 2024, with the Mainnet vote taking place on June 18, 2024. As the countdown to the upgrade continues, anticipation continues to mount within the Stellar community and beyond.

Stellar (XLM) Readies for Game-Changing Upgrade: Details.

The Stellar network is on the verge of a game-changing upgrade that might redefine its ecosystem: the Protocol 21 upgrade.

The upgrade comes after the successful mainnet launch of Soroban, Stellar's smart contract platform, following a successful validator vote on Feb. 20, 2024.

Now, almost three months later, Stellar network readies for another protocol vote. On June 18, 2024, Stellar public network validators will vote on whether to upgrade the network to Protocol 21 which, if approved, will enable five new Core Advancement Proposals (CAPs) on Stellar's Mainnet.

These five CAPs provide several exciting new features, including passkey signing support and an upgrade to state archives as well as cost savings for smart contract transactions.

These include CAP-0051, smart contract host functionality or secp256r1 verification, which enables secp256r1 verification of Stellar's smart contracts via the exported host interface.

The acceptance of this CAP will enable secp256r1 verification, allowing developers to create contracts that include passkeys to sign smart contract transactions instead of utilizing passphrases or signing keys.

CAP-0053 allows for the extension of the time to live (TTL) for contract instances and contract code through independent Soroban smart contract host functions.

The other three CAPs use different ways to keep Soroban transactions affordable.

They include CAP-0054: The Soroban refined VM instantiation cost model refines the cost model for virtual machine (VM) instantiation.

CAP-0055: Soroban streamlined linking reduces overall costs by linking to fewer host functions during virtual machine (VM) instantiation.

CAP-0056: Soroban intra-transaction module caching reduces overall costs by caching parsed Wasm modules within Soroban transactions.

The Testnet upgrade to Protocol 21 is scheduled for May 14, 2024, with the Mainnet vote taking place on June 18, 2024.

As the countdown to the upgrade continues, anticipation continues to mount within the Stellar community and beyond.

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Ethereum ETF Funds Drive Bitcoin and Ethereum Prices Higher. Developments in Ethereum ETF funds triggered a rise in Bitcoin and Ethereum prices, and notable developments continue to occur in this process. Accordingly, the monthly trading volumes of Chicago Exchange options related to Ethereum futures reached an all-time high this month. What can be expected for Ethereum in the upcoming period? Let's examine it together. New Record on the Ethereum Front. According to data from the blockchain data analysis platform The Block Data Dashboard, the trading volume of options related to Ethereum futures on CME reached $1.26 billion in May, two days before the end of the month. This development represents a significant increase compared to the $615.75 million volume in April and reaches a record level in terms of monthly trading volume. According to the Wintermute market update on May 29, the amount of outstanding Ethereum futures contracts on CME is approaching its highest level ever. Wintermute analysts suggested that this increase in open positions indicates that institutional investors are increasingly interested in Ethereum transactions instead of Bitcoin, with the expectation that spot Ethereum ETF funds will be launched soon, and experts shared the following statements: "Ethereum's CME open position is approaching all-time highs, indicating institutional interest in the ETH/BTC pair ahead of S-1 filings and the final launch.” Notable Statement from Analysts. According to Wintermute analysts, Ethereum's implied volatility, which measures market expectations for future volatility over specific time periods based on option prices, has seen a significant increase due to rising expectations of significant price movements, and analysts shared the following statements: "Significant increases were observed in 1-week, 1-month, 3- month, and 6-month at-the- money (ATM) implied volatilities." According to Tradingview data, Ethereum's price dropped by over 2.2% in the last 24 hours and was trading at $3,794 at the time of writing.
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Cardano (ADA) Makes Epic Top 10 Comeback, Leaving SHIB and TON in Dust. The popular cryptocurrency Cardano (ADA) has reentered the top 10 crypto assets by market capitalization in what may be considered a story of stability and anomaly. Thus, according to data from CoinMarketCap, Cardano, with a capitalization of $16.44 billion, took ninth place in the top ten, followed by Shiba Inu (SHIB), with a capitalization of $16.13 billion, in tenth place, and then Toncoin (TON), with an estimated market capitalization of $15.65 billion. It is noteworthy that a few hours earlier, Cardano token had relinquished its position in the top 10, when Shiba Inu (SHIB) overtook ADA amid a surge in cryptocurrency meme prices and a decline in the price of Cardano token. Meanwhile, TON was already ranked in the top 10 when its market capitalization was reduced from $22.65 billion to $15.66 billion, with no fluctuation in price. The reason for the adjustment of TON's figure is unclear. However, it is evident that this had a positive impact on Cardano. In contrast, the situation with SHIB is more straightforward. Here, the price of the Shiba Inu token experienced a decline, resulting in a drop in its ranking. It is curious to note that, despite the apparent lack of interest in the ADA token and the assertion that it is an unnecessary "ghost chain," the Cardano token continues to occupy a position of prominence within the cryptocurrency landscape. Its resilience, even at current price levels, is sufficient to place it as the ninth largest cryptocurrency on the market, with an estimated capitalization of several trillion dollars.
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Shiba Inu (SHIB) Pens Open Challenge to PEPE. Shiba Inu (SHIB) is riding high on its bullish momentum as meme coins across the board see an increase in market performance. The dog-themed meme coin currently holds the leading position in recent gains, with PEPE trailing behind. Shiba Inu's playful taunt. In a recent post on SHIB's official X handle, Shiba Inu humorously dismissed potential challengers, asserting its dominance and suggesting that competitors can vie for second place. SHIB stated: Industry stakeholders consider the mention of "amphibians" a lighthearted jab at PEPE, indicating SHIB's confidence in holding its top position amid growing competition. Interestingly, the post was a reply to an earlier one by Poloniex Exchange, asking users whether their preferred meme coin is PEPE or SHIB. SHIB's market performance vs. PEPE Notably, Shiba Inu's market performance has captivated the broader crypto market after a 12.7% spike that saw it dethrone Cardano from the elite top 10. This sparked optimism in the SHIB ecosystem that Shiba Inu appears ready to clear one zero from its price with its growth rate. According to CoinMarketCap data, Shiba Inu is currently priced at $0.00002708, up 5.56% in the past 24 hours. The price rally saw the comeback of enigmatic SHIB lead developer Shytoshi Kusama return to social media with a cryptic bullish post on X after his silence for about a week. Meanwhile, PEPE witnessed a massive surge in its valuation, setting it up for a potential sell-off by market whales. However, despite soaring by 2.15% to $0.00001654, backed by a more than 75% surge in the trailing seven-day period, it was not enough to earn it first place, held by Dogecoin, and second place, held by SHIB. Regardless, members of the frog-themed meme coin community are optimistic about further growth and are determined to make the best of a bullish market.
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