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As the US Presidential election looms, Polymarket, a decentralized prediction platform on Ethereum and Polygon, is drawing significant attention. With over $200 million in wagers, the platform marks a crucial moment for cryptocurrency's integration into mainstream finance.   Quick Take Polymarket captures $200 million in wagers for the US Presidential election. June trading volume surpassed $111 million. Metrics on the Poymarket prediction market platform have seen a dramatic increase: the total value locked (TVL) has risen by 69% to $40.2 million, and active user numbers have grown by 115%. An Introduction to Polymarket Decentralized Prediction Market  Polymarket is a decentralized prediction market platform that allows users to place bets on the outcomes of various events using cryptocurrency. Operating on the Ethereum sidechain Polygon, it leverages blockchain technology to offer transparent and tamper-proof markets. Users can bet on binary outcomes, such as election results or sports events, by purchasing shares in the outcome they believe will occur. The platform uses oracles to resolve market outcomes, ensuring the results are based on verified data.   Read more: What Is Polymarket Prediction Market, and How Does It Work?    Polymarket’s Monthly Volume Crosses $111M in June  Polymarket’s monthly trading volume | Source: Dune Analytics    June saw Polymarket's highest monthly volume, surpassing $111 million. Analysts at Kairos Research predict the platform’s trading volume could exceed $1 billion by year-end. Total value locked (TVL) on the platform rose by 69% to $40.2 million, and monthly active users surged by 115% to 29,266. These metrics highlight the growing interest in decentralized prediction markets.   Polymarket’s TVL grows | Source: Token Terminal    Polymarket's Election Bets Cross $203M  Polymarket's "Presidential Election Winner 2024" market has attracted $203.3 million in bets. Donald Trump leads with a 62% probability of winning, followed by Joe Biden at 21%. Biden’s odds have dropped significantly since his debate performance on June 28, sparking further speculation on his potential withdrawal. The "Biden drops out of presidential race" market saw a spike, with $10 million in bets and a 50% probability as of June 30.   Yuga Cohler, a Coinbase executive, emphasized the importance of prediction markets, according to a report on BeInCrypto. "Prediction markets are the purest technological manifestation of liberal democracy. They take free markets and free speech as inputs and output truth. In an age when centralized control of information is a systemic risk, prediction markets offer a way of cutting through misleading narratives and viewing the unvarnished truth," Cohler said. This highlights the broader societal implications of decentralized prediction platforms like Polymarket.   Read more: Trending PolitiFi Tokens to Watch Before the US Elections   Polymarket Contradicts UMA on DJT Token Resolution In a recent controversy, Polymarket contradicted UMA Protocol’s resolution on Barron Trump's involvement with the DJT token. UMA Protocol, an optimistic oracle service, had determined "No" on a market betting whether Barron Trump was involved with the DJT token. Polymarket disagreed, stating, “We firmly believe that UMA got this resolution wrong.” They are working on a "near-term solution" to address the issue.   Bettors placed over $1 million on the market, according to Polymarket. UMA’s oracle operates to record verifiable truth or data for smart contracts, used for dispute resolution with decisions voted upon by token holders.   The DJT token, a Solana-based memecoin, has been surrounded by controversy. Entrepreneur Martin Shkreli claimed to co-create DJT, according to blockchain sleuth ZachXBT, who was awarded a $150,000 bounty for revealing Shkreli’s involvement. Despite these claims, the Trump campaign has yet to respond.  

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Toncoin (TON) is showing upward price trends due to the rapid growth of crypto mini-apps like Hamster Kombat, TapSwap, and more emerging games on Telegram. With its integration into the Telegram ecosystem and a growing user base, Toncoin is well-positioned for future growth. In this article, we'll explore Toncoin's current performance, key metrics, and future price predictions.   Quick Take Toncoin boasts over 32 million active users on its network, with integration into Telegram driving this impressive user growth. The price of Toncoin has strong support levels at $7 and $7.36, backed by significant moving averages indicating a clear upward trend. Whales have shown strong interest, accumulating 45 million TON worth $346.5 million, and Toncoin has received regulatory approval for trading in Kazakhstan. The Total Value Locked (TVL) on the Toncoin network has reached $700 million, with a 113% increase in June, pointing to robust growth and increasing adoption.  Toncoin's integration with Telegram provides a substantial advantage, leveraging Telegram's massive user base to drive adoption and usage. This integration sets Toncoin apart from other cryptocurrencies, embedding it within a well-established ecosystem and enhancing its viability for widespread use.   Read more: Pantera Capital Eyes New Investment in Toncoin (TON): Bullish Outlook?   Toncoin Receives Regulatory Approval in Kazakhstan Toncoin recently received approval from the Astana Financial Services Authority (AFSA) for trading in Kazakhstan. While Kazakhstan may not be a major crypto market compared to the United States, this regulatory approval highlights Toncoin's growing global appeal and legitimacy.   TON’s User Base Surges to Over 32 Million Toncoin has seen remarkable user growth, with over 32 million active users on The Open Network (TON). This growth is largely attributed to its integration with Telegram, one of the world's most popular messaging apps. The synergy between Toncoin and Telegram provides a unique advantage, making Toncoin stand out in the crowded cryptocurrency market. The rising popularity of Telegram-based games, such as Notcoin, Catizen, Pixelverse, Blum, W-Coin, and more, could onboard more web2 users to web3 via the TON blockchain.    Read more: Telegram Launches Adsgram for Devs to Earn Toncoin Through Ads   Toncoin Price Shows Strong Support at $7 and $7.36 TON/USDT price chart | Source: KuCoin    Toncoin's price has been steadily rising, currently trading at $7.73. The coin has strong support levels at $7 and $7.36, which have held firm despite market fluctuations. Significant moving averages, including the 26-day, 50-day, and 200-day averages, indicate a sustained upward trend. This bullish momentum suggests that Toncoin is on a strong footing for future gains.   The volume profile for Toncoin shows steady trading activity, reflecting sustained interest in the coin. This consistent volume, coupled with the growing number of active users, points to a solid foundation for long-term growth. The Relative Strength Index (RSI) is around 58, indicating that Toncoin is in a neutral zone with room to rise before becoming overbought.   Whales Accumulate Over 45M TON in the Past Week  Whales have shown significant interest in Toncoin, with over 45 million TON purchased in the past week alone, valued at approximately $346.5 million. This accumulation by large investors underscores their confidence in Toncoin's future potential.   The Open Network (TON) TVL Touches $700M, Up 113% in June  TON DeFi TVL | Source: DefiLlama    Toncoin's Total Value Locked (TVL) has reached $700 million, marking a significant milestone. This 113% increase in TVL in June reflects robust growth and increasing adoption among market participants. The TVL metric is a crucial indicator of the health and stability of the TON ecosystem.   Read more: Toncoin Touches New ATH as TON TVL Surges 77% in June   Toncoin Price Prediction: $10 ATH Next?  Given Toncoin's current trajectory, analysts are optimistic about its future. If Toncoin can maintain its bullish momentum and break through the immediate resistance at $7.86, it could potentially surpass its previous all-time high of $8.24. Analysts project that Toncoin could reach the $10 mark in the long term, driven by continued growth in user adoption, integration with Telegram, and increasing investor interest.   Conclusion Toncoin is positioned for substantial growth, supported by its integration with Telegram, increasing user base, and strong market fundamentals. With consistent trading activity, whale accumulation, and recent regulatory approval, Toncoin's future looks promising. As the coin continues to build on its current momentum, the $10 price target appears within reach.   Toncoin's unique ecosystem, backed by Telegram's infrastructure, sets it on a promising path. Investors and users alike should keep an eye on Toncoin as it navigates the crypto market, potentially achieving new highs in the coming months.  

Week 26 saw a significant decline in the crypto market, with Bitcoin shedding around 16% of its value. Bitvavo's detailed analysis attributes this downturn to a general atmosphere of uncertainty rather than specific events.   Quick Take  Bitcoin experienced a significant decline, losing 16% of its value in Week 26, attributed by Bitvavo to a general market uncertainty. Weekend trading volumes for Bitcoin have reached historic lows, and the impending Mt. Gox repayment could further increase selling pressure. On-chain indicators suggest profit-taking among investors, but Bitcoin's 200-day average remains stable, with potential bullish reversal targets at $64,770. Bitcoin's price has been stagnant recently, with investors closely monitoring inflation metrics and anticipating potential Federal Reserve actions. Analysts predict rough waters ahead, with several bearish indicators suggesting increased selling pressure in July.   Mt. Gox Repayments of 140,000 BTC Start in July  A significant bearish event in June was the announcement of Mt. Gox repayments. Starting in early July 2024, Mt. Gox will repay 140,000 BTC (worth around $9 billion) to its creditors. This long-awaited repayment follows a decade after the exchange's collapse. Analysts fear this distribution could lead to increased selling pressure, further impacting Bitcoin's price.   Read more: Will $10 Billion in Bitcoin Repayments From Mt. Gox Weaken BTC Price?   Bitcoin’s Weekend Trading Drops to 16% in 2024  Bitcoin's trading volume on weekends has dropped to its lowest level in history, according to TheBlock. In 2019, up to 28% of Bitcoin trading occurred on weekends; in 2024, this figure has fallen to 16%. Kaiko's report suggests that the launch of spot Bitcoin ETFs contributes to this decline, as ETF trading only occurs during the stock market's open hours on weekdays. Consequently, the last hour of market trading has become a popular time for Bitcoin trading.   The closures of crypto-friendly Signature and Silicon Valley banks in March 2023 have also influenced market dynamics, as per a news report on Cointelegraph. These banks operated 24/7 networks, allowing large buy and sell orders for crypto. Since their closures, market makers have been less inclined to provide liquidity in a low-volume environment.   Runes Activity Sees 90% Drop on Bitcoin Network Runes daily transactions on Bitcoin network | Source: Dune Analytics   Recent data from Dune Analytics reveals a dramatic decrease in activity for the Runes token standard on the Bitcoin blockchain, with daily transactions plummeting by over 88% from their peak in June. Between June 22-28, average daily Runes transactions dropped to 37,820, a 90% decline from the 331,040 recorded between June 9-15, and on June 24, transactions hit a low of 23,238, the lowest since the protocol’s launch on April 20, 2024.    This decline has significantly impacted Bitcoin miner fees, with Runes contributing less than 2 Bitcoin in fees over the past six days, down from 884 Bitcoin on April 24. The Runes protocol, created by Ordinals' Casey Rodarmor, was intended to efficiently create new tokens on the Bitcoin network, but recent data shows Runes transactions now account for only 4.9% to 11.1% of all Bitcoin transactions in the past week. The reduction in network fees, coupled with Bitcoin’s price decline, has led to a near-record low in Bitcoin’s hash price, a key indicator of miner revenue, and Bitcoin miner reserves have fallen to 1.90 million Bitcoin, the lowest level in over 14 years.   Increased Profit-Taking Among Bitcoin Investors?  Here’s a look at key on-chain indicators from a report in Cointelegraph and what they reveal about Bitcoin investors’ preferences:    Bitcoin’s 30-day average aSOPR | Source: Cointelegraph    Profit-Taking: On-chain indicators reveal increasing profit-taking among Bitcoin investors. The 30-day average of Bitcoin's Adjusted Spent Output Profit Ratio (aSOPR) has risen from 1 to 1.03 since May, indicating more investors are selling at a profit. This trend often precedes market corrections. Net Unrealized Profit and Loss (NUPL): The NUPL metric suggests potential upside exhaustion among Bitcoin buyers. A NUPL reading over 0 indicates investors are in profit, with an increasing trend hinting at a market correction. Currently, the 30-day average NUPL stands at 0.54. Increased Bitcoin Ownership: Glassnode data shows a consistent rise in the number of wallet addresses holding at least one Bitcoin. Over a million wallets now hold at least one Bitcoin, supporting a bullish outlook. Read more: Bitcoin’s Price Plummets to $61,000: Key Factors Behind the Recent Decline   Bitcoin Technical Analysis: Bullish Reversal to $64,770 or Drop to $56,000?  BTC/USDT price chart | KuCoin    Bitcoin's 4-hour chart indicates a possible breakdown of a bull pennant. This pattern, formed during a price consolidation following a strong downward move, suggests a potential drop to around $56,000 if the lower trendline is breached. Conversely, a bullish reversal could target $64,770 if Bitcoin breaks above the 50-4H EMA at around $61,925.   Bitvavo's Bitcoin Price Prediction: Breakout Past $76,000 on the Cards?  Bitvavo highlights that Bitcoin's drop to $57,000 marks the second time it has reached the bottom of a price range that has persisted for nearly four months. This consolidation period mirrors that observed last summer, with Bitcoin's price stabilizing for over half a year. Despite recent fluctuations, Bitcoin remains above its 200-day long-term average. Bitvavo predicts a potential breakout above $76,000, albeit with caution given the market's unpredictability.   The recent decline in Bitcoin's value is attributed to a global atmosphere of uncertainty. Investors face mixed economic signals and unpredictable market movements, leading to increased concerns and volatility. This nervousness underscores the importance of thorough market analysis and a thoughtful investment strategy.   Other Analyst Predictions for BTC Indicate Gains   Quinten Francois, an analyst and trader, predicts a 2016-2017 style bull run for Bitcoin, fueled by gains observed in previous post-halving cycles. Another analyst, @therationalroot, identifies Q3 as a crucial period for Bitcoin price gains.   Conclusion The last week of the first half year, week 26, of 2024 highlighted the volatile nature of the crypto market, with significant factors influencing Bitcoin's price movements. While bearish indicators suggest potential challenges ahead, the long-term outlook remains cautiously optimistic, with analysts predicting possible bullish reversals and significant gains in the upcoming months.  

Discover the top cryptocurrencies to watch this week, including XRP, Ethereum, and Solana. XRP shows signs of a possible reversal, Ethereum maintains stability with strong fundamentals, and Solana is fighting for growth with positive developments and increasing trading volume. Learn about their current trends, potential reversals, and key indicators driving their price movements.   Quick Take Trading at $0.4721 with support at $0.47 and resistance at $0.499, XRP's low trading volume and RSI around 41 suggest a potential reversal.  Steadily trading around $3,400, Ethereum shows long-term bullish indicators, maintaining above the 200-day moving average.  Solana, maintaining around $150, saw a 50% trading volume jump to $1.68 billion, with Blockchain links (blinks) and 200-day EMA support at $130 indicating potential bullish momentum. XRP Price Show Signs of a Reversal, What’s Next?  XRP/USDT price chart | Source: KuCoin    According to analysis by U.Today, XRP has traded under pressure with the price remaining mostly unchanged around $0.47, but signs suggest a possible reversal. Currently, XRP is in a phase where not many people are selling, and almost no one is buying. The chart shows difficulty in increasing value over the past few months, with minimal trading activity.   The low volume indicates that neither buyers nor sellers are taking large positions. However, a spike in volume could signal renewed interest, potentially raising the price.   With an RSI of approximately 41, XRP is in the lower neutral zone. This suggests room for growth before overbought conditions. If the RSI rises above 50, it would indicate increased buying pressure and a potential new uptrend.   Despite recent declines, XRP's fundamentals remain strong. The resolution of Ripple's legal dispute with the SEC could positively impact XRP's price. Ripple's ongoing partnerships and technological advancements provide a solid foundation for future growth.   XRP: Key Levels to Watch  Monitoring these levels can help identify potential entry and exit points as the market conditions change.   Support Level: $0.47 Critical Support Level: $0.466 Resistance Level: $0.499 Critical Resistance Level: $0.50 Downside Risk Level: $0.43 If the price breaks below $0.466, it may trigger a sell-off towards $0.43. Conversely, a bullish reversal could drive prices to the next significant level around $0.499.   Spot Ethereum ETFs to Take ETH Price to $6,500?  Steno Research predicts net inflows of $15-20 billion into Ether spot ETFs in the first 12 months. Ether's price is expected to hit $6,500 later this year due to strong ETF inflows and other positive factors. Galaxy Research estimates $5 billion of net inflows to spot Ethereum ETFs in the first five months, while Bitwise expects $15 billion in the initial 18 months.   The crypto market is optimistic about the imminent launch of spot Ether ETFs in the U.S. Steno Research forecasts a net inflow between $15 billion and $20 billion in the first 12 months. This should drive Ether's value higher, both in dollar terms and relative to Bitcoin.   Read more: Spot Ethereum ETFs by July? SEC Chair Gensler Confirms Progress on Approval   Ethereum Technical Analysis: ETH Holds Above $3,370  ETH/USDT price chart | Source: KuCoin    Ethereum has been actively trading around $3,400, showing signs of both strength and concern. The chart indicates that Ethereum has maintained above the $3,370 mark, closely resembling the 100-day EMA. This level has stabilized the price amid recent market turbulence.   Trading volume has been inconsistent, yet the steady interest at current prices is noteworthy. A spike in volume might indicate a strong move in either direction.   Ethereum's RSI is around 43, pointing to potential upward movement before overbought conditions. If the RSI moves closer to 50, it would provide additional proof of bullish momentum.   Long-term trend indicators, the 26-day and 200-day EMAs, show Ethereum trading above the 200-day moving average, a bullish signal. However, it remains below the 50-day EMA, indicating some short-term pessimism.   Market sentiment heavily influences Ethereum's price action. Despite a few negative signs, the overall trend remains positive. Continuous network upgrades via Ethereum 2.0 developments, increased staking activity, and growing user adoption strengthen Ethereum's fundamentals, suggesting potential price increases.   Solana Gains Over 16% in a Week  Solana has seen a spike in price amid fresh applications for exchange-traded funds tracking its spot price in the U.S. Solana's trading volume jumped 50% to $1.68 billion, becoming the third-most traded cryptocurrency, excluding stablecoins.   Solana’s weekly gains increased to 16.59%, driven by applications for spot ETFs. After VanEck and 21Shares filed for such investments, Solana's price saw a boost.   Read more: VanEck Files for First Solana ETF in the U.S.: A Potential Game Changer?   Solana Technical Analysis: SOL Facing Strong Resistance at $150  SOL/USDT price chart | Source: KuCoin    Solana has been battling for the $150 threshold recently. Positive fundamental developments, like the introduction of Blockchain links (Blinks), haven't significantly moved the asset's price.   Read more: Solana ‘Blinks’ and ‘Actions’ Bring Crypto Trading to Social Media Feeds   To verify a bullish reversal and pursue the $150 target, Solana needs to close above multiple moving averages. Recently, Solana found support at the 200-day EMA around $130. Numerous tests of this level indicate significant buying interest.   The volume profile shows mixed signals. While some trading activity is present, there's not enough to indicate strong bullish momentum. An increase in volume would signal growing confidence in Solana's price action.   Solana's RSI is around 50, suggesting potential for positive movement. Bulls would benefit from an RSI move above 50.   Economic Events That Might Impact Market Sentiment This Week:  Several key macroeconomic events could influence crypto prices this week:    The Federal Reserve's June meeting minutes, set to be released on July 3, will provide insights into the Fed's decision-making process, especially regarding interest rates. A hawkish stance could weigh on the crypto market, while prolonged rate stability could support crypto prices.  Multiple U.S. job data releases for May and June will offer a comprehensive view of employment trends, where higher-than-expected job openings and employment figures could signal economic strength but may also raise inflation concerns, impacting crypto market sentiment. The release of U.S. trade deficit data for May on July 3 could signal economic challenges if the deficit widens, potentially deterring investment in high-risk assets like cryptocurrencies.  The implementation of MiCA crypto rules in the EU, starting June 30, will create a comprehensive framework for crypto trading in Europe, potentially causing short-term volatility but aiming for long-term stability.  Additionally, Fed Chair Jerome Powell's participation in discussions at the ECB Forum on Central Banking in Portugal on July 2 will provide insights into the Fed's outlook on inflation, interest rates, and global economic trends, impacting market sentiment. Conclusion This week, XRP, Ethereum, and Solana are the top cryptos to watch due to their unique market positions and potential for significant price movements. XRP shows signs of a potential reversal with low trading volume and an RSI around 41, suggesting room for growth. Ethereum remains stable with strong fundamentals, including anticipated ETF inflows of $15-20 billion and maintaining a bullish stance above its 200-day moving average. Solana, maintaining around $150, has seen a 50% jump in trading volume to $1.68 billion, bolstered by positive developments like Blockchain links (Blinks) and strong support at the 200-day EMA.   As always, keep an eye on market trends and indicators for the latest updates and potential investment opportunities.  

Avalanche (AVAX) saw a significant price spike of 9.1% in the past 24 hours, bringing its price to $27.96. This surge followed speculations about an AVAX ETF on X by Quinten Francois, a crypto influencer with over 115k followers. Last week, AVAX suffered a price drop due to the BtcTurk exchange hack.   Quick Take  AVAX price increased by 9.1% in the past 24 hours supported by rumors of an AVAX ETF following VanEck’s Solana ETF filing. Formation of a falling wedge, crossing above the 50-day SMA, and RSI approaching 60. If AVAX breaks above the wedge, a 76% rally could push the price to $58. An increase in open interest by 6.14% indicates accumulation among AVAX traders. Why Is Avalanche Price Surging? AVAX/USDT price chart | Source: KuCoin    The recent AVAX price surge follows speculations about an AVAX ETF on June 27. This speculation was sparked by VanEck’s filing for a Solana ETF, categorizing the asset as a commodity. A crypto investor, Quinten Francois, shared a list of altcoins likely to see ETF filings soon, with Avalanche being a top contender.   Source: @quintenfrancois on X   Read more: VanEck Files for First Solana ETF in the U.S.: A Potential Game Changer?   AVAX Technical Analysis: 76% Rally in the Cards?  AVAX hit a yearly high in March but began to decline, forming a falling wedge. Falling wedges are bullish patterns that often lead to an upward breakout. Recently, AVAX crossed above the 50-day simple moving average (SMA) but remains below the 200-day SMA. The 14-day relative strength index (RSI) dipped into the oversold area before recovering and is now approaching the midpoint of 43, aiming for 60, where resistance exists.   If AVAX breaks above the falling wedge, it could rally by 76%, bringing the price to $58. However, if bearish trends continue, the price could find support around $23.51 and $19.54.   On a lower time frame, AVAX broke out of an inverted head and shoulders pattern. This pattern suggests a 7% upside move, potentially raising AVAX’s price to $30.07.   AVAX Registers 6.41% Increase in Open Interest Data from Coinalyze shows a 6.14% increase in aggregate 24-hour open interest (OI) for AVAX, indicating investor accumulation and anticipation of further price movement. According to Santiment, the AVAX rally is largely ignored by the crowd, reducing the risk of a sudden correction due to FOMO (fear of missing out).   Bullish Reversal Indicators Avalanche NVT Ratio | Source: AMBCrypto    AVAX shows promising signs of a bullish reversal, supported by recent market dynamics and buying pressure. However, for a full bullish reversal, several factors need to align:   NVT Ratio: AVAX’s network value to transactions ratio is in a downtrend, suggesting potential undervaluation. Ichimoku Cloud: AVAX needs to break above the Ichimoku cloud, with the Tenkan-Sen crossing above the Kijun-Sen within or above the cloud. MACD Indicator: A bullish reversal requires the MACD line to cross above the signal line, and the price to break above the middle Bollinger Band. Current Bearish Signals Despite bullish indicators, some bearish signals persist:   Ichimoku Cloud: The cloud shows a red phase, indicating potential bearishness. Tenkan-Sen and Kijun-Sen: The blue line (Tenkan-Sen) is below the red line (Kijun-Sen), another bearish signal. MACD Line: Currently below the signal line and trending downward, led by bears. Conclusion Avalanche (AVAX) is at a critical juncture. Bulls are positioning for a breakout, driven by ETF speculations and technical patterns. However, bearish indicators suggest caution. For a sustained bullish reversal, AVAX needs to break above key resistance levels and see supportive market indicators.

VanEck, a pioneer in digital asset investments, has taken a bold step by filing for the first Solana ETF in the United States, as per a news report on Watcher Guru. This move comes from their head of digital asset research, Matthew Sigel, who announced on X (formerly Twitter) that the application was submitted to the U.S. Securities and Exchange Commission (SEC) on June 27, 2024.    Quick Take  VanEck has filed for the first Solana ETF in the United States, submitted to the SEC on June 27, 2024. Following the announcement of the ETF filing, Solana's native token, SOL, saw a significant price increase, rising 12% from $135 to $151 on June 27. Solana has experienced substantial growth, with its total value locked (TVL) increasing by 120% to $4.48 billion in 2024.  Solana as a Commodity Sigel explained that VanEck views Solana's native token, SOL, as a commodity, similar to Bitcoin and Ether. SOL is used for transaction fees and computational services on the Solana blockchain. It can be traded on digital asset platforms or used in peer-to-peer transactions, much like Ether on the Ethereum network.   "The Solana blockchain’s unique combination of scalability, speed, and low costs may offer a better user experience for many use cases," Sigel, VanEck’s head of digital asset research, added.    This perspective underscores the potential of Solana to revolutionize the blockchain industry, particularly in handling thousands of transactions per second with minimal fees.   Read more: Solana Fund: 3iQ Files for North America’s First Solana ETF on the Horizon   VanEck's Ambitious Plans The proposed VanEck Solana Trust aims to reflect the price performance of Solana, excluding operational expenses. The trust will value its shares daily using the MarketVector Solana Benchmark Rate index, calculated based on prices from top trading platforms.   VanEck's move comes on the heels of the SEC's approval of spot Ether ETFs in May 2024. This approval marked a significant shift in the regulatory landscape, classifying Ether as a commodity rather than a security. Following this trend, VanEck's Solana ETF could pave the way for further crypto-based investment products.   Read more: Spot Ethereum ETFs by July? SEC Chair Gensler Confirms Progress on Approval   Solana Price Gains 12% From Institutional Investors, Airdrop Campaigns, Rising TVL  SOL/USDT price chart | Source: KuCoin    The announcement of the Solana ETF filing has already had a positive impact on SOL's market performance. Data from Cointelegraph Markets Pro and TradingView shows that SOL rose sharply from a low of $135, climbing as much as 12% to an intraday high of $151 on June 27. The layer 1 token jumped 8.5% in just two hours following the news.   VanEck's pioneering move has sparked significant interest among institutional investors, similar to the surge seen when spot Bitcoin ETFs debuted. The approval of a spot Solana ETF is expected to further boost SOL’s price, potentially mirroring the positive impact seen with Bitcoin and Ether ETFs.   Solana's Airdrop Momentum Solana’s price has had an impressive run over the last year, rallying more than 780% over the last 12 months and 45% year-to-date. Much of these gains can be attributed to successful airdrops, leading to the emergence of popular Solana-based tokens such as Jupiter (JUP), Dogwifhat (WIF), Bonk (BONK), and Book of Meme (BOME).   Adding to this momentum, Solana-based decentralized exchange (DEX) Zeta Markets has launched its native token, ZEX, and opened airdrop claims. The airdrop is designed to reward early users and encourage long-term participation in the protocol. Eligible users have 90 days to claim their airdrop allocations, with 2% of the token supply (20 million ZEX) allocated for staking during the Genesis Epoch.   Read more: Zeta Airdrop Starts June 27: Here’s How to Claim ZEX Tokens   Solana TVL Up By 120% in 2024   Solana DeFi TVL | Source: DefiLlama    The flurry of airdrops and increased activity within the Solana ecosystem has significantly boosted the total value locked (TVL) on Solana. In 2024, TVL increased by 120% to $4.43 billion, indicating a strong engagement from users and developers. This rise in TVL enhances investor confidence by showcasing the network’s robustness and growing adoption, translating into higher buying interest and propelling the price upward.   SOL Technical Analysis: Path to $200?  SOL/USD price chart | Source: Cointelegraph   SOL’s price action during the daily timeframe indicates a V-shaped recovery pattern. The 20-day exponential moving average (EMA) at $143.5 is acting as immediate support. The relative strength index (RSI) is rising towards the 70 mark, showing buyers’ dominance in the market. The bulls now focus on the 100-day EMA at $148.5 and, later, the 50-day EMA at $150.5. The next barrier lies at the neckline of the prevailing chart pattern at $176.   A daily candlestick close above this level would confirm the continuation of the uptrend. The next logical move would be to the March 18 range high at $209, bringing the total gains to 42%.   On the downside, failure to hold above the 20-day EMA at $143 would signal the inability of the buyers to sustain the uptrend. If this happens, SOL could drop to the pattern’s low at $126, invalidating the bullish outlook.   Conclusion VanEck's filing for a Solana ETF marks a significant milestone in the evolving relationship between traditional finance and the crypto world. With the potential for significant market impacts and the possibility of political shifts influencing regulatory decisions, the future of Solana and other crypto assets in ETF form looks promising yet uncertain.   Solana's strong price performance, driven by institutional interest and strategic airdrops, positions it well for future growth. As the regulatory environment adapts, VanEck's proactive approach could pay off, making SOL one of the next big names in crypto ETFs.  

On June 25, the TON Community launched Adsgram, a new traffic monetization tool on Telegram. This platform allows developers to earn Toncoin (TON) by integrating ads into their mini-apps or bots. Adsgram stands out from the Telegram Ads platform launched in March, providing developers with a dedicated system to monetize their applications.   Quick Take Adsgram is a new third-party platform launched by the TON Community for monetizing mini-apps on Telegram. It offers video ads, static banners, and channel subscriptions with CPM and other payment models. Mini-app developers can earn up to $16 CPM in Toncoin. Adsgram primarily targets countries like Nigeria, Bangladesh, and Germany, as well as tier-1 exchanges and TON-based services. Developers will Earn Toncoin By Ads Displaying In Telegram Adsgram supports various ad formats, including 15-second video ads, static banners, and soon-to-be-released channel subscriptions. The platform employs standard ad payment models like cost per thousand impressions (CPM) and tracks essential metrics such as click-through rate, conversions, and fill rate.   According to Adsgram’s official presentation, the platform offers CPM rates ranging from 0.5 TON ($3.8) to 2 TON ($16), based on the audience. The platform has already amassed up to 8 million impressions per day as of May 2024, featuring mini-apps like Gamee and Fonton Fantasy Football. Adsgram’s advertisers include tier-1 exchanges, TON-based games, and gambling services.   Adsgram co-founder Vadim Sterlin emphasized the platform's role in solving monetization challenges in the GameFi sector on Telegram. Sterlin, who founded Fantongamebot, highlighted the difficulties in monetizing games through direct ad sales. Adsgram, supported by a $50,000 grant from the TON Foundation, launched its first ads through an alpha test on Fanton Fantasy Football in early April.   “As a founder of a major game in the Telegram ecosystem — Fantongamebot — I faced a big challenge monetising our game,” Sterlin wrote on the Adsgram channel in February. By then, there was no way for publishers to earn money on advertising rather than direct ads sales, he noted according to a report on Cointelegraph.   TON Ecosystem Activity Surges by 4,500% in 2024 TON DeFi TVL | Source: DefiLlama    Adsgram’s launch coincides with a significant surge in the TON ecosystem. The total value locked (TVL) on various TON projects has grown by 4,500% in 2024, with Toncoin hitting new highs, peaking at $8.17 on June 14. Toncoin's year-to-date returns exceeded 200%, outpacing market giants like Bitcoin and Ethereum.   Toncoin’s TVL increased from 5.94 million TON to 87.47 million TON, a 1,372% rise. This growth is mirrored in Toncoin’s transfer volume, oscillating between $5 billion and $10 billion throughout June, achieving around 10% of Bitcoin’s transfer volume capacity. The number of Toncoin holders surged to 32 million in June, a tenfold increase from the previous year, indicating a growing demand driven by its utility in DeFi activities.   Read more: Top dApps in The Open Network (TON) Ecosystem   The Open Network team bolstered TON token demand through various funding and incentive programs. In March, they allocated 30 million TON tokens for community rewards, covering token mining, airdrops, developer support, and liquidity pools. The TONcoin Fund secured up to $250 million from industry players, attracting more developers to the TON blockchain.   Telegram Mini-App Games Fuel Demand for Toncoin TON/USDT price chart | Source: KuCoin    Notcoin, a play-to-earn game on Telegram, further propelled Toncoin’s demand. By early 2024, the game attracted over 35 million players. The NOT token, launched on major exchanges, saw its price surge 600% within 24 hours, reaching a market cap of $715.7 million. Notcoin’s integration within the TON ecosystem created a direct link between the two tokens, enhancing Toncoin’s utility and demand.   Upcoming games following in Notcoin’s footsteps include Hamster Kombat, TapSwap, Blum, Catizen, and Gemz. For instance, Hamster Kombat has over 100 million players and is expected to launch its native token HMSTR via an airdrop campaign in July 2024.    Toncoin’s Open Interest Rises to $263 Million in the Futures Market TON OI-Weightened Funding Rate | Source: CoinGlass    Toncoin’s price surge coincides with a rise in open interest in the futures market, reaching over $263 million by June 21. Despite negative funding rates, indicating a significant portion of the market betting on a price decline, Toncoin’s spot price continued to rise. This scenario led to a short squeeze, driving further price increases.   Conclusion Adsgram's launch marks a significant milestone in the TON ecosystem, offering developers a new way to monetize their mini-apps on Telegram. With diverse ad formats, robust payment models, and substantial earnings potential, Adsgram is set to revolutionize traffic monetization. Coupled with the booming TON ecosystem and strategic funding initiatives, Adsgram promises to enhance the financial dynamics of Telegram’s GameFi sector and beyond.  

The crypto market never fails to surprise, and June 2024 is no exception. With only a few months to go before the US elections, PolitiFi meme coins are making headlines with their marked price surge. These tokens blend political intrigue and offer potential returns, but their speculative and volatile nature makes them high-risk assets. Here's a look at the trending PolitiFi meme coins you should watch this month.   Quick Take  TrumpCoin (DJT) surged by over 442% in the last 24 hours. This dramatic increase followed a report claiming former President Donald Trump is behind the token, sparking immense interest and trading volume. Trump-linked tokens experienced a significant market crash. Despite DJT's surge, other Trump-themed tokens like MAGA Again (MAGAA) and Trump Mania (TMANIA) saw steep declines, with some losing over 50% of their value. A new PolitiFi memecoin, Solciety (SLCTY), launched on June 18. Solciety is set to hit the market with a unique platform combining political satire and meme culture, attracting degens and meme enthusiasts alike. PolitiFi tokens remain speculative but highly engaging. These tokens offer no official political affiliations and lack practical utility, yet they continue to captivate investors with their potential for significant returns, especially with the U.S. Presidential Election approaching. What Are PolitiFi Coins?  PolitiFi coins are memecoins themed around political figures and ideologies, such as Donald Trump. While whether Trump can still run for president is under controversy, these political-themed meme coins combine political engagement with the crypto world. You can trade these tokens like other cryptocurrencies. However, they don't have official ties to the politicians they represent. These tokens are highly speculative and mostly driven by community interest and current events. If you invest in PolitiFi tokens, you should be prepared for high volatility and risks.   At the time of writing, CoinGecko lists 37 PolitiFi tokens on its platform with a combined market cap of nearly $1.2 billion.    Top PolitiFi Meme Tokens Ranked Here's a closer look at the top PolitiFi tokens dominating the market based on their market cap and popularity:    PEOPLE/USDT price chart | Source: KuCoin   MAGA (TRUMP): The largest PolitiFi token by market cap, valued at over $412 million. It is based on Donald Trump's "Make America Great Again" slogan and has seen rapid growth due to its strong community support. ConstitutionDAO (PEOPLE): A political DAO with impressive growth, currently holding a market cap of approximately $441 million. It was originally created to buy an original copy of the U.S. Constitution and has since maintained a strong presence in the PolitiFi space. Jeo Boden (BODEN): The leading Biden-themed token with a market cap of around $91 million. It represents a satirical take on President Joe Biden, appealing to those on the other side of the political spectrum. MAGA Hat (MAGA): A meme coin inspired by Trump’s iconic hat, with a market cap of about $83 million. It thrives on the visual symbol of Trump’s campaign, making it a popular choice among meme coin enthusiasts. Doland Tremp (TREMP): A top performer on the Solana network, boasting a market cap of $73 million. This token is another playful misspelling of Trump’s name, capturing the attention of the crypto community. Super Trump (STRUMP): A multi-chain Trump token valued at around $36 million. It operates on both Ethereum and Solana, offering unique tokenomics that appeal to Trump supporters and crypto investors alike. Tooker Kurlson (TOOKER): Based on Tucker Carlson, this token has a market cap of about $21 million. It leverages the popularity of the TV personality to attract a politically engaged audience. MAGA VP (MVP): Offers passive rewards linked to Trump’s VP pick, with a market cap of $8 million. This token stands out by providing holders with rewards in the form of other PolitiFi tokens. BABYTRUMP (BABYTRUMP): A micro-cap meme coin, valued at $2.8 million. It features a baby version of Donald Trump, making it a humorous yet risky investment option. Kennedy Coin (BOBBY): Supports Robert F. Kennedy Jr.’s movement and has a market cap of $4.5 million. It aims to fund Kennedy's legal defense and other related activities, appealing to his supporters.  TrumpCoin (DJT) Price Surge Catches the Eye – The Wild Ride The Solana-based memecoin TrumpCoin (DJT) recently grabbed attention with a massive surge of more than 442% in just 24 hours. This spike followed a report from Pirate Wires claiming that Donald Trump is behind the token. The news has sent shockwaves through the PolitiFi market, causing other Trump-themed tokens to plummet.   Read more: DJT Memecoin on Solana Soars Over 1,000% on Trump Crypto Rumors   Is Trump Launching His Official Crypto?  Pirate Wires reported on June 17 that Trump is launching an official token, TrumpCoin (DJT), with his son Barron spearheading the project. However, doubts about Trump’s involvement persist. Mike Solana, Pirate Wires' editor-in-chief, shared the smart contract address but admitted he hasn't spoken to Trump directly. He also speculated that Trump might deny involvement or pivot the project entirely.   Market Impact Despite the buzz, Trump’s team has not confirmed his involvement in DJT. Crypto community members, including Messari founder Ryan Selkis, remain skeptical. Selkis stated there's a "50-50" chance that DJT could be legitimate or a deceitful scheme. Polymarket gives only a 17% chance of Trump's involvement.   Fallout on Other Trump-Linked Memecoins The surge of TrumpCoin (DJT) has led to a significant market crash for other Trump-themed tokens. Tokens like MAGA Again (MAGAA), Trump Mania (TMANIA), Doland Tremp (TREMP), trumpie (TRUMPIE), and MAGA (Trump) experienced steep losses in the last 24 hours.   MAGAA: Plummeted over 57% TMANIA: Dropped more than 51% TRUMPIE: Fell by 38% TREMP and TRUMP: Both lost over 30% Solciety (SLCTY) – The New Entrant in the PolitiFi Sector Solana-based Solciety (SLCTY), launched on June 18, is positioned as an emerging player in the memecoin market. Focusing on political satire and meme culture, Solciety seeks to introduce new dynamics to the meme coin landscape.   Solciety’s Unique Features Meme Campaigner Tool: Allows users to create or tweak meme coins using over 200 character traits. AR Fusion: Merges meme moments with the real world, creating a buzz and rewarding token creators. Presale: Offers 30% of the total supply, with 3 billion tokens available at a starting price of $0.0015 per SLCTY. Are PolitiFi Meme Coins a Good Investment?  PolitiFi tokens are speculative and highly volatile. They offer no official affiliation with political figures and lack practical utility. However, the potential for significant returns exists, especially with the upcoming U.S. Presidential Election. Investing in a diversified portfolio of PolitiFi tokens could yield sizable gains, but it's crucial to approach with caution and only invest what you can afford to lose.   How to Buy PolitiFi Coins PolitiFi tokens with large market caps and good liquidity are available on centralized exchanges like KuCoin. For others, you'll need to use decentralized exchanges. Here’s a quick guide:   Buy Established Coins: Purchase ETH or SOL, depending on the network of the PolitiFi token you wish to buy. Transfer to a Private Wallet: Move your coins to a compatible crypto wallet like MetaMask or Phantom. Connect to a Decentralized Exchange: Use platforms like Uniswap or Raydium to trade for PolitiFi tokens. Conclusion PolitiFi tokens like TrumpCoin (DJT), MAGA (TRUMP), and the upcoming Solciety (SLCTY) offer highly volatile opportunities in the crypto market for gains, but with high levels of risk. While highly speculative, these tokens blend political themes with the fast-paced world of crypto, making them an interesting area to watch in June 2024.    Stay informed and invest wisely as the PolitiFi token market continues to expand and captivate the crypto community.  

The Zeta (ZEX) airdrop is generating significant buzz, with the $ZEX token poised to become a central element of the Zeta ecosystem. As one of the most established DeFi protocols on Solana, Zeta has built a strong reputation and is now preparing to launch its governance token. In this guide, we will delve into all aspects of Zeta and the $ZEX token, including eligibility, participation, and the airdrop claiming process.   Quick Take Zeta Markets, a prominent Solana-based DEX with a focus on perpetual futures, has announced its ongoing ZEX airdrop  starting June 27 until July 25, 2024.  The project’s native token $ZEX will serve as a governance and growth token within the Zeta ecosystem. Eligibility for the $ZEX airdrop is based on participation in Zeta's point program, where users accrue points.  Introduction to Zeta and $ZEX Token Zeta is a decentralized exchange specializing in perpetual futures on the Solana blockchain. Known for its speed and user experience comparable to centralized exchanges, Zeta aims to revolutionize the DeFi landscape by providing a seamless trading platform. At the time of writing, Zeta has a total value locked (TVL) of over $17 million.   Zeta DEX TVL | Source: DefiLlama    The $ZEX token will play a crucial role in Zeta’s ecosystem, serving as a governance token and incentivizing user participation and platform growth.   All About the Zeta (ZEX) Airdrop The $ZEX airdrop is set to distribute a portion of the total token supply to active users and contributors within the Zeta ecosystem starting June 27 till July 25, 2024 . The airdrop compaign aims to reward the community and enhance engagement, aligning with Zeta’s decentralized governance model.   Who Is Eligible for the $ZEX Airdrop? Eligibility for the $ZEX airdrop is determined by participation in Zeta's point program across multiple seasons. The more points a user generates, the higher their $ZEX allocation will be. Points are accrued through trading volume, PnL multipliers, activities, referrals, and holding Zeta NFTs. Currently, users are in Z-Score Season 2, where both maker and taker volumes contribute to their scores.   How to Participate in the Zeta Airdrop To participate in the Zeta airdrop, you must be active within the Zeta ecosystem and generate points through various activities. Here's a step-by-step guide to participating in the $ZEX token airdrop campaign:   Step 1: Visit the Claim Site and Check Eligibility Go to Zeta's token claim page. Enter your Zeta address to verify eligibility.   Source: Zeta Markets Docs   Step 2: Connect Wallet and Accept Terms  Use your preferred Solana wallet, such as Phantom, to connect to the interface. Agree to the airdrop terms and conditions.   Step 3: Choose Your Claim Method Decide between Immediate Claim or Diamond Hand Claim.   Source: Zeta Markets Docs   Step 4: Claim $ZEX Tokens Approve the transaction and wait for the tokens to arrive in your wallet.   How to Claim Your $ZEX Allocation What Is Diamond Hand Claim?  Source: Zeta Markets Docs   The Diamond Hand Claim is for users committed to Zeta's long-term vision. By opting for this, users can claim all their allocations in full at TGE and stake them immediately. Benefits include qualification for the Staking Airdrop and immediate participation in governance with boosted incentives.   What Is the Immediate Claim & 7-Day Bonus?  Source: Zeta Markets Docs   The Immediate Claim allows users to claim their airdrop at any time, including any unlocked portion of the 7-Day Bonus. As the bonus continues to unlock, users can claim larger allocations up to the maximum at the end of the 7-day period.   Example Claim Immediately at TGE: User A can claim 1000 $ZEX with no 7-Day Bonus. Claim After 4 Days: User A can claim 1000 $ZEX plus 571 $ZEX from the 7-Day Bonus. Claim After 7 Days: User A can claim the full 2000 $ZEX (1000 $ZEX allocation + 1000 $ZEX 7-Day Bonus). What Is Zeta Staking Airdrop?  Source: Zeta Markets Docs   Staking $ZEX tokens is a key component of the Zeta ecosystem, rewarding long-term commitment and governance participation. The staking airdrop, representing 2% of the total supply, is designed to incentivize users who stake their tokens within the first epoch after the Token Generation Event (TGE), ending on July 25th at 09:59 UTC.   The staking airdrop will be allocated based on a user's average governance score, gZEX, over the epoch. The longer and more tokens a user stakes, the higher their gZEX score will be. This airdrop will occur 28 days after the TGE and will be in the form of ZEX staked as gZEX for 90 days.   Why Stake on Zeta DEX? Staking helps establish governance mechanisms and aligns key users with the protocol by rewarding their participation with incentives. As Zeta migrates to Zeta X and transitions to its own Layer 2, governance will become increasingly important, influencing parameters like transaction fees, validator rewards, market listings, and incentive emissions.   When to Claim Zeta (ZEX) Airdrop The staking airdrop will be distributed on July 25th, at the end of the Genesis Epoch. It will be distributed as gZEX staked for 90 days, converting to liquid ZEX over this period. A user's average gZEX is sampled daily, and those staking later in the epoch will earn a lower share of the airdrop due to lower average gZEX scores.   Zeta Airdrop Challenges and Precautions High demand during the airdrop could lead to network congestion and delays. Users should be cautious of imitation sites and phishing scams. Always verify links and avoid responding to unsolicited messages regarding the airdrop.   Conclusion The Zeta airdrop is a significant event in the Solana DeFi space, offering rewards to early adopters and contributors. By participating in the airdrop, users can support Zeta’s growth and engage in its decentralized governance. Stay tuned for more updates on the airdrop timeline and how to maximize your $ZEX allocation.   FAQs on Zeta Airdrop 1. How do I check if I'm eligible for the Zeta airdrop?  Visit the official Zeta airdrop claim page and enter your Zeta address to verify eligibility.   2. What issues might users face during the Zeta airdrop?  Users might experience network congestion and delays. Ensure you are following the correct steps and use only official links.   3. What should I do if I face issues while claiming my $ZEX tokens?  Follow the steps on the claim site carefully. For persistent issues, contact Zeta’s support through official channels.   4. Can I sell my $ZEX tokens immediately after claiming them?  Yes, but consider the market conditions and potential benefits of holding or staking the tokens.   5. What are the benefits of holding $ZEX tokens?  Holding $ZEX tokens allows participation in governance, potential rewards from staking, and supports the growth of the Zeta ecosystem.  

The highly anticipated native token of the Ethereum layer-2 network Blast (BLAST) has made a spectacular entry into the market. Following its launch, BLAST saw a remarkable 40% surge in its price. This surge contrasts sharply with other recent high-profile airdrops, like zkSync (ZK) and LayerZero (ZRO), which have seen significant declines since their debuts.   Quick Take  The BLAST token's price rallied from its debut price of $0.02 to $0.0281, outperforming other recent token launches. BLAST's market cap exceeded $432 million, with a 24-hour trading volume surpassing $656 million, indicating strong market interest and activity. The airdrop distributed 17% of BLAST’s total supply to early users and contributors, fueling initial market excitement. The airdrop attracted scams, and the initial valuation faced criticism for falling short of expectations, highlighting the challenges ahead. BLAST Token Rallies 40% on Launch Day BLAST/USDT price chart | Source: KuCoin    BLAST debuted at $0.02 per token, giving it a fully diluted valuation (FDV) of $2 billion. According to data from Ambient Finance and perps trading platform Aevo, the token's price quickly rallied over 40%, reaching $0.0281. This impressive start highlights the strong market interest in BLAST, setting it apart from other recent token launches.   Read more: Blast Airdrop Guide: How to Unlock Yield Potential   However, the launch was not without its controversies. Some crypto market commentators, including DeFiance Capital's co-founder Arthur Cheong, expected a higher initial valuation. Cheong was surprised by the $2 billion FDV, having anticipated a valuation closer to $5 billion.   17% of BLAST Total Supply Airdropped on Day 1 Blast airdrop: Phase 1 Allocation | Source: Blast Docs    According to Cointelegraph, the BLAST airdrop distributed 17% of the total token supply. Users who bridged Ether (ETH) or USD on Blast (USDB) to the network since late last year received 7% of the airdrop. Another 7% went to users who contributed to the success of decentralized applications (dApps) on the network. The remaining 3% was allocated to the Blur Foundation for future community airdrops.   Despite the successful airdrop, it drew criticism from some quarters. Critics argued that the initial valuation did not meet expectations, and the airdrop event attracted numerous scams. Crypto security service Scam Sniffer identified a victim who lost over $217,000 to a phishing scam during the BLAST airdrop event.   Blast Becomes 4th Largest Ethereum L2 The Blast network, co-founded by Blur creator Tieshun Roquerre (known as PacMan), has faced scrutiny. Last November, seed investors criticized the network for lacking sufficient features to justify its one-way bridging mechanism. This mechanism required users to lock up their ETH for several months, which raised concerns among investors.   Read more: How to Bridge to Blast Mainnet   Blast L2 TVL | Source: L2Beat    Despite these challenges, the Blast network has shown significant growth. It currently ranks as the fourth-largest layer-2 network by total value locked (TVL), boasting $2.87 billion, according to L2Beat. This places it just behind Arbitrum, Base, and OP Mainnet. Additionally, the network reported $2.3 billion in deposits between November and March, indicating strong user interest and engagement.   Blast Ecosystem Home to Over 200 dApps, Can It Grow Further?  The long-term viability of Blast hinges on its ability to deliver on its promises. The network aims to provide a user-friendly experience that surpasses existing solutions like MetaMask. With over 1.5 million users and more than 200 live dApps, Blast has a solid foundation to build upon.   However, the network must address past criticisms and demonstrate its unique value proposition. While the initial airdrop buzz has been positive, Blast needs to prove its worth in the long run. Investors will be closely watching to see if Blast can develop a robust ecosystem of dApps and offer higher yield opportunities than its competitors.   Read more: Top Crypto Projects in the Blast Layer-2 Network   Conclusion The launch of the BLAST token has been a significant event in the crypto world, marked by a 40% price surge and strong initial interest. However, the road ahead is fraught with challenges. Blast must overcome past criticisms, address security concerns, and fulfill its ambitious goals to maintain its momentum.   As the initial hype fades, the key question remains: Can Blast live up to its potential and establish itself as a leading layer-2 network? Only time will tell, but the current indicators suggest a promising start for this ambitious project.

AEVO recently released an update on its tokenomics, reflecting significant market changes and strategic shifts. This update includes halting the Trading Rewards campaign, initiating monthly token buybacks, and exploring new rewards for specific campaigns.   Quick Take  AEVO halts the Trading Rewards campaign, maintaining staking rewards at 100k $AEVO/week. Protocol revenues will fund monthly buybacks of at least 1 million AEVO tokens from July to December. Weekly buybacks will be conducted at random times to prevent market manipulation. Future prospects include the potential for reintroducing rewards for specific campaigns and product launches.   AEVO is a decentralized exchange focused on perpetual, options, and pre-launch trading, operating on the custom AEVO L2 built on Optimism. This hybrid model aims to deliver a high-performance trading experience with the transparency and security of decentralized settlement.   AEVO Tweaks Trading Rewards & Emissions Due to Market Downturn Over recent months, AEVO adjusted its trading rewards and emissions in response to varying market conditions. Initially, these changes aimed to boost engagement and trading volumes. However, the broader market downturn, particularly in altcoins, has led to decreased trading activity.   AEVO’s Trading Rewards campaign, which ran for four months, has concluded without renewal. Despite the end of this program, staking rewards will remain constant at 100k $AEVO per week. This decision aligns with the current market environment and AEVO’s strategic pivot towards stability.   Reintroducing Rewards for Specific Short-Term Campaigns AEVO’s Marketing and Growth Committee plans to reintroduce rewards for specific campaigns, such as new product launches and special events. These rewards will be short-term and not part of a multi-month program. This approach allows AEVO to remain agile and responsive to market conditions while continuing to engage its community.   AEVO Introduces Token Buybacks with Surplus Revenue  Source: Aevo Mirror    In line with the original $AEVO tokenomics approved by the DAO in AGP-1, AEVO will use part of its surplus revenue for token buybacks. This initiative aims to enhance value accrual for token holders by reducing the circulating supply of $AEVO.   Starting in July and continuing through December, AEVO commits to buying back at least 1 million AEVO tokens each month. These buybacks will occur on-chain weekly and at random times to prevent market manipulation. Transparency will be ensured by publishing the multisig wallet address used for these transactions, allowing public verification.   How Will Aevo’s Buybacks Work?  The DAO’s Treasury and Revenues Management Committee will handle the buybacks using a multisig wallet. The bought-back tokens will be sent to the main DAO Treasury. Future adjustments to tokenomics, such as token burns or new rewards programs, will require another vote by token holders. This approach underscores AEVO’s commitment to a transparent and community-driven governance model.   AEVO Slides From ATH of $4.46 Amid Volatility  AEVO/USDT price chart | Source: KuCoin    AEVO has experienced significant price volatility. In early 2024, AEVO reached an all-time high of $4.46 but later plummeted to $0.505 due to market downturns and increased selling pressure. The token's price decline necessitated strategic adjustments, including the now-concluded Trading Rewards campaign.   The recent decline in trading volumes and a weak altcoin market influenced AEVO's decision not to renew the Trading Rewards campaign. This decision followed multiple adjustments to the campaign without significant progress.   Despite recent challenges, AEVO has shown signs of recovery. Following a significant price drop, AEVO’s market cap surged by 13% to $429 million, and trading volume increased by 76%. The token is currently trading at $0.5098.   AEVO Price Prediction: 2024 High of $0.94?  While AEVO is showing steady gains, returning to its all-time high appears unlikely in the near term, according to analysis by Bankless Times. However, this could present a potential buying opportunity for long-term investors. Various indicators suggest a potential price increase in the coming weeks. Coindataflow predicts AEVO could reach $0.94 by the end of the year, with a potential range of $0.84 to $2.52 in 2025.   Conclusion AEVO’s tokenomics update reflects a strategic shift towards stability and value creation for token holders. By halting the Trading Rewards campaign and initiating significant buybacks, AEVO aims to strengthen its market position and enhance long-term value. With the potential reintroduction of targeted rewards, AEVO continues to adapt to market conditions while prioritizing transparency and community involvement.  

Solana has always been at the forefront of blockchain innovation. Recently, it has taken a giant leap by introducing 'Blinks' and 'Actions,' two groundbreaking features designed to integrate blockchain transactions directly into popular social media platforms and websites, according to a report from CoinDesk. This new development aims to make crypto trading more accessible and user-friendly.   Quick Take  'Blinks' and 'Actions' integrate blockchain transactions into social media and websites. These new features make memecoins and crypto trading more accessible. Users can trade directly from posts on platforms like X and Reddit. Phantom and Backpack will support these features immediately. What Are Solana ‘Blinks' and 'Actions'? 'Blinks' (a blend of 'blockchain' and 'link') and 'Actions' are designed to allow users to perform on-chain transactions directly from the websites and social platforms they use daily. Developed in collaboration with Dialect, these features are set to revolutionize how we interact with blockchain technology.   One of the main barriers to mainstream adoption of blockchain technology has been accessibility. Complicated wallet software and hard-to-navigate trading platforms have deterred newcomers. Solana's 'Blinks' and 'Actions' aim to address this issue by enabling seamless integration of blockchain transactions into everyday platforms.   How Do ‘Blinks’ and ‘Actions’ Work on Solana? According to the Solana Foundation, 'Actions' enable users to execute transactions across various platforms, including websites, social media, and even physical QR codes. This integration simplifies the process for developers to embed Solana's capabilities into their applications. Wallets like Phantom and Backpack will support these features from the start, and other platforms can integrate them following Solana's developer documentation.   Read more: How to Create a Phantom Wallet for the Solana Ecosystem   Social Media Integration According to a CoinDesk report, the integration of 'Actions' into social media is a game-changer. For instance, users can embed an 'Action' into a post on X (formerly Twitter), allowing followers to initiate transactions directly from the post. This could range from buying NFTs, tipping creators, to staking and swapping tokens.   Chris Osborn, founder of Dialect, emphasizes the potential: "From your X feed, you can buy an NFT, tip a creator, receive money, vote, stake, swap, and so much more."   Ensuring Security To ensure user safety, Solana has implemented a comprehensive security roadmap. Users can enable wallet support for 'Actions' and 'Blinks', which function similarly to connecting a wallet to decentralized applications (dApps). Initial transactions will prompt a standard "connect to site" prompt, and trusted domains will be whitelisted.   Web2 Integration: Solana vs. Base  Solana's approach with 'Blinks' and 'Actions' is not entirely unique. Platforms like Farcaster on Coinbase's Base blockchain offer similar functionalities, enabling users to embed direct links to blockchain assets in their posts. However, Solana's technology differentiates itself by plugging into existing Web2 social apps rather than creating standalone Web3 apps.   The potential for 'Actions' goes beyond social media. As Jon Wong, head of ecosystem engineering at the Solana Foundation, notes, this technology could disrupt how the web functions at its core. The goal is to make any website or application a distribution point for on-chain interactions.   Osborn is optimistic: "Delivering these actions into feeds like X, Reddit, maybe Discord soon – these other platforms where people want to have these Actions experiences – is just the beginning."   Read more: Solana vs. Ethereum: Which Is Better in 2024?   Memecoins Propel Solana Ecosystem’s Growth Solana has become the epicenter of the latest memecoin frenzy. From tokens inspired by internet memes to political figures, memecoins have taken the crypto world by storm. Notable mentions include Iggy Azalea's 'Mother' token ($MOTHER) and 'dogwifhat' ($WIF), which have seen significant market caps. Despite some skepticism, memecoins are pushing blockchains further into the mainstream.   SOL/USDT price chart | Source: KuCoin   According to Pantera Capital, Solana recorded over 60% of the new volume in decentralized exchanges in May 2024. This surge is a testament to Solana's growing strength in retail usage driven by memecoin activity.   Read more: Top Solana Memecoins to Watch in 2024   Conclusion Solana's introduction of 'Blinks' and 'Actions' marks a pivotal moment in blockchain technology, making it more accessible and integrated into everyday digital experiences. By addressing the accessibility challenges and enhancing security, Solana is paving the way for the mainstream adoption of blockchain technology.  

SEC Chair Gary Gensler recently discussed the smooth progression of the Spot Ethereum ETF approval process. Speaking at the Bloomberg Invest Summit, Gensler highlighted the ongoing work with issuers on their S-1 filings.   Quick Take  SEC Chair Gary Gensler has stated that the approval process for Spot Ethereum ETFs is progressing smoothly, with the agency working closely with issuers on their S-1 filings. VanEck has introduced a zero-fee structure for its Ethereum ETF until 2025 or until the fund’s assets reach $1.5 billion. Franklin Templeton plans a competitive 0.19% fee, highlighting a strategic approach to gain a competitive edge in the ETF market. Industry experts anticipate that the second crypto-based ETF in the U.S. will officially launch in July, following the successful approval process. SEC Readying for Official Spot Ethereum ETFs to Launch in July?  These filings must be approved before the investment products can begin trading. Many experts anticipate the second crypto-based ETF in the U.S. to officially launch in July.   During his appearance before the US Senate Appropriations Subcommittee on Financial Services, Gensler reiterated that individual issuers are progressing through the registration process smoothly. He envisions that the process will conclude over the summer, paving the way for the launch of these ETFs.   VanEck's Zero-Fee Strategy According to a report on Watcher Guru, VanEck has filed Form-8A for its spot Ethereum ETF, with many analysts predicting a July 2 launch. Interestingly, VanEck announced it would waive its ETF fees, a move aimed at gaining an early competitive edge. This zero-cost structure is set to last until 2025 or until the fund’s assets hit $1.5 billion, after which a 0.20% fee will be imposed.   Franklin Templeton and BlackRock's Fee Structures Franklin Templeton also disclosed its fee structure early, planning a 0.19% fee for its spot Ethereum ETF. Eric Balchunas, Bloomberg’s ETF analyst, noted that issuers rarely reveal their fees before launch. However, he emphasized the significance of BlackRock’s fee structure, which will likely set the standard for others.   Analysts Predict Ethereum ETFs May Underperform Bitcoin ETFs  Analysts from Bernstein and JPMorgan predict that Ethereum ETFs will see lower demand compared to Bitcoin ETFs. The absence of a staking feature in Ethereum ETFs is a contributing factor. Nonetheless, the approval of these ETFs is expected to attract significant inflows, potentially impacting the market positively.   ETH/USDT price chart | Source: KuCoin   Despite the recent pullback in crypto markets, the structural adoption cycle for Ethereum remains intact. The impending launch of spot Ethereum ETFs and ongoing institutional interest suggest a bright future for Ethereum. Analysts predict that the introduction of these ETFs could lead to significant market movements, potentially driving Ethereum’s price upward.   Inflation in Ethereum Supply Since The Merge Ethereum’s supply has seen an inflationary trend since The Merge in 2022, exacerbated by the Dencun upgrade in March. This upgrade introduced several Ethereum improvement proposals, including EIP-4844, which reduced fees for block data on Ethereum layer-2 networks but led to increased supply.   Conclusion The approval process for Spot Ethereum ETFs is progressing smoothly under SEC Chair Gary Gensler’s oversight. With anticipated launches in July, the market is poised for significant developments. VanEck’s strategic zero-fee initiative and Franklin Templeton’s competitive fee structure highlight the growing competition in the ETF space. While Ethereum ETFs are expected to see lower demand than their Bitcoin counterparts, the overall market sentiment remains positive. Investors and traders alike are eagerly watching these developments, anticipating their potential impact on the cryptocurrency market.  

Hamster Kombat, the hottest crypto game with over 100 million players, has confirmed plans for its token launch in July. With the token launch, the game also announced the first task for its upcoming airdrop campaign at weekend.   Quick Take Hamster Kombat surpasses 100 million players, making it one of the largest games on Telegram. The game's official Telegram channel has become the biggest on the platform, driven by demand for Daily Combo. The Hamster Kombat token launch on The Open Network (TON) is slated for July, with an anticipated airdrop. Players can link their TON wallets and join the Telegram channel to participate in the airdrop. Players can boost their earnings by using features such as Daily Combo and Daily Cipher, completing specific tasks, and upgrading their game cards. Upcoming Hamster Token Launch The Hamster Kombat team recently announced that the token launch on The Open Network (TON) is targeted for July. The community will receive Hamster token airdrops to celebrate the listing on markets based on their on-chain activity, and users can determine their eligibility for the HMSTR supply pool.   ​​Hamster Kombat is currently engaging with its community and is expected to expand upon the Telegram-based clicker concept, taking the game to new heights. The team has also mentioned their plans for the future, including the launch of NFT collections as part of the roadmap.   Several leading centralized exchanges have plans to list Hamster Kombat (HMSTR), with KuCoin pre-market being one of the first platforms to onboard the project.    Importance of the Hamster Kombat Airdrop Hamster Kombat has quickly the hottest game in Telegram, and its wide player base represents about one-ninth of Telegram’s entire user base and is nearly three times the 35 million players Notcoin had before closing its “mining phase.”   The upcoming airdrop for Hamster Kombat Telegram game is generating significant excitement among the game’s players and the wider crypto community. For players, participating in the airdrop means they can maximize their in-game earnings and potentially see significant returns once the tokens are listed and tradable. Each task completed in the list not only brings players one step closer to claiming the Hamster coin airdrop when the token launches but only gives them a chance to earn more coins in the game.    By distributing tokens to a wide audience, the airdrop can increase the adoption and use of Toncoin, reinforcing its value and utility in the market. For the TON ecosystem, this airdrop could drive substantial growth in user engagement and transaction volume, highlighting the network's capacity to support popular applications.   Learn more about the Hamster Kombat game and how to play   Hamster Coin Airdrop Tasks: Link Your TON Wallet Players can now prepare for the upcoming airdrop by completing specific tasks. Completing these tasks will make players eligible for the airdrop once the Hamster Kombat token launches in July. The first task involves connecting their TON wallets. The option to link wallets went live over the weekend. Players can also join the Hamster Kombat Telegram channel to stay updated about new tasks as soon as they go live.    Read More: What Is Hamster Kombat?      To link your TON wallet to Hamster Kombat, follow these steps:   Open the Hamster Kombat bot and navigate to the airdrop tab at the bottom right corner. Click the first task and connect your TON wallet, e.g., Tonkeeper, to participate in the airdrop. Join the Hamster Kombat Telegram channel if you haven’t already. Stay updated on new tasks listed in this section from the game’s developers in the coming days and weeks. In-Game Strategies Maximizing your profits in Hamster Kombat involves more than just completing airdrop tasks. Players should focus on boosting their in-game earnings by upgrading their cards. This strategy will help them accumulate more value when the tokens can be exchanged on the market.   Several guides are available to help players optimize their gameplay. These guides can significantly enhance a player's in-game performance and potential earnings. Utilizing features such as Daily Combo and Daily Cipher, and completing specific tasks, can significantly boost your earnings.   Find out how to earn more Hamster coins with Daily Combo and Daily Cipher.    Immense Social Interest The social interest in Hamster Kombat is unprecedented. With over 31 million members, the official Telegram channel for the game has become the largest on the messaging platform. Players are highly engaged, eagerly seeking daily combo and cipher codes that can earn them millions of free coins. This high level of engagement is a testament to the game's addictive nature and the community's enthusiasm.   The developers of Hamster Kombat have expressed optimism about the play-to-earn game's future. They have encouraged players to complete the necessary tasks to be ready for the airdrop and listing. Many members of the Hamster Kombat community believe that the listing and airdrop of Hamster Kombat tokens are inevitable.   Hamster Kombat vs. Notcoin Hamster Kombat and Notcoin have both seen remarkable success on Telegram, but Hamster Kombat has outpaced Notcoin significantly. Hamster Kombat has amassed over 100 million players, almost three times the number Notcoin had at its peak. At the time of writing, the Notcoin token has gained over 73% in value with a market cap just under $2 billion. On 2 June, the NOT price touched an all-time high (ATH) of $0.2896 before sliding lower on broader market conditions.    The upcoming token launch and airdrop for Hamster Kombat are anticipated to surpass Notcoin's achievements, driven by its massive and highly engaged player base. The game's innovative features and community support suggest it could become even more influential in the crypto gaming space than the Notcoin game.    Conclusion Hamster Kombat's rapid rise in popularity and the upcoming TON token launch have created a buzz in the crypto world. With over 100 million players and significant social interest, the game is set to make a substantial impact. The upcoming airdrop presents a lucrative opportunity for players to earn rewards. As the game continues to grow, players and investors alike are keeping a close eye on its development. The success of the airdrop could also serve as a case study for other projects looking to leverage the TON ecosystem for token distribution and community building.   Prepare your TON wallets and join the Hamster Kombat Telegram channel to stay updated and participate in the airdrop. The next few weeks promise to be exciting for the Hamster Kombat community.  

TapSwap is a popular tap-to-earn game on Telegram where players earn TAPS coins by tapping a digital icon and completing various in-game activities. Learn how to participate in the TapSwap airdrop by playing this popular Telegram game. Follow our step-by-step guide to get ready for the TAPS token launch.   Quick Take The TapSwap airdrop is expected to conclude by the end of the second quarter of 2024, with the TAPS token launch anticipated to take place in July 2024. Players can participate in the TAPS token airdrop by engaging in the game’s activities, with rewards based on performance. TapSwap encourages community engagement through referral bonuses and community-based tasks, enhancing the gaming experience and earning potential. TapSwap, a leading tap-to-earn game, has recently seen explosive growth, surpassing 50 million users globally. This guide will help you get started with TapSwap and show you how to participate in the upcoming TAPS token airdrop.   An Introduction to TapSwap Tap-to-Earn Game  TapSwap is a tap-to-earn game playable via a Telegram mini app. Players tap a gold coin at the center of the screen to earn points, limited by an “Energy” bar that refills over time. The game offers various tasks, boosts, and referral bonuses to enhance earning potential.   Read more: What Is TapSwap (TAPS)? All About the Viral Telegram Crypto Game   How to Play TapSwap on Telegram  Here’s a general overview of how you can play the TapSwap clicker game on Telegram:    Access the Game: Open the game in Telegram via the provided link. Earn Coins: Tap the screen to earn coins. Use them to buy improvements in the Boost tab. Complete Tasks: Earn additional coins by completing tasks such as joining TapSwap’s community or registering for a Binance exchange account. Referral Bonuses: Invite friends using your referral link to earn more coins. Use Boosts: Enhance tapping abilities with daily free boosters or purchase premium boosts for more coins. TapBot: Earn points passively with the TapBot by checking in every 12 hours to claim rewards. Read more: How to Mine Coins on TapSwap Telegram Crypto Game   TapSwap (TAPS) Token Launch As per a news report on Decrypt, the TAPS token launch was initially scheduled for May 30, 2024, but was postponed to July 1, 2024, to address bot-related issues and ensure fair token distribution. The TapSwap team is working on finalizing the tokenomics and plans to allocate a significant portion of all tokens to the community.   Why Participate in TapSwap Airdrop? Innovative Gameplay: Tap-to-earn mechanics and PvP battles make TapSwap engaging and fun. Lucrative Earning Opportunities: Multiple ways to earn points, including referrals, offer significant earning potential. Strong Community: An active community and regular updates ensure a dynamic and supportive environment. Who Is Eligible for the TapSwap (TAPS) Airdrop?  Anyone who actively participates in TapSwap's in-game activities is eligible for the TAPS token airdrop. This includes tapping to earn points, completing daily tasks and missions, referring friends to the game, and using in-game boosts strategically. The airdrop rewards are based on the player's performance and engagement within the game.    How to Prepare for the TAPS Airdrop: Connect TapSwap Dashboard to Wallet Before the TAPS token launch, you must connect your crypto wallet to the TapSwap dashboard to securely manage and withdraw the coins you mine on TapSwap. Follow these steps:   Log in to Your Dashboard: Access the dashboard through the link provided. Select Your Wallet: Choose from available wallets. Non-custodial wallets like MetaMask are recommended for better security. Connect to MetaMask: Click on the MetaMask option and log in using your password. Complete Registration: Enter your email and verification code. Sign in and connect your wallet. Confirm Connection: Your wallet address will be displayed. Disconnect if needed. Conclusion TapSwap is a notable addition to the Telegram gaming landscape, offering unique gameplay and various earning opportunities. Players can benefit from the airdrop by actively participating in the game's activities. However, it is important to remember that participating in airdrops and earning crypto carries risks, including the potential for fluctuating token values and the need to ensure the security of your digital assets. Always conduct thorough research and consider these risks before engaging in any crypto-related activities.   TapSwap Airdrop FAQs 1. When will the TAPS token launch?  The TAPS token is expected to launch in July 2024.   2. How do I become eligible for the TapSwap airdrop?  Participate in in-game tasks to increase your percentage of the token supply.   3. How can I stay updated on new airdrop tasks?  Join the TapSwap Telegram channel or follow their official X account for the latest updates.   4. What wallet types can I use to connect to TapSwap?  You can use any supported wallet, including non-custodial options like MetaMask. TapSwap also supports exchange wallets and offers extra rewards for connecting some exchange wallets.    5. Is it safe to connect my wallet to TapSwap?  Yes, ensure you use official links and avoid sharing private keys or passwords.

Learn how to participate in the Pixelverse airdrop by playing PixelTap, a popular web3 game in the Telegram mini-apps ecosystem. Follow our step-by-step guide to maximize your in-game earnings and get ready for the PIXFI token launch.   Quick Take The Pixelverse (PIXFI) airdrop is expected to happen sometime in late June ahead of the token generation event (TGE) in July 2024.  Players can participate in the PIXFI token airdrop by engaging in the game’s activities, with rewards based on performance in the fight feature. PixelTap encourages community engagement through referral bonuses and community-based tasks, enhancing the gaming experience and earning potential.   The Pixelverse (PIXFI) airdrop is expected to conclude by the end of the second quarter of 2024, which means it should be completed by the end of June. The PIXFI token launch is anticipated to take place in July 2024.    Pixelverse, the creator of Pixeltap, has recently raised $5.5 million in a seed round to expand its cyberpunk-themed game ecosystem. This guide will help you get started with PixelTap, the flagship game of Pixelverse, and show you how to participate in the upcoming PIXFI token airdrop.   What Is PixelTap by Pixelverse, Tap-to-Earn Telegram Game? PixelTap is a web3 game set in a cyberpunk universe, designed to be an expandable 2D world using AI and blockchain technology. Players can choose from four main robot characters and participate in various activities to earn in-game rewards. The game emphasizes social gaming with a low barrier to entry.   PixelTap's community-based tasks allow players to unlock new pets and features by:   Reaching follower milestones on Twitter and Discord. Participating in community events and challenges. Read more: PixelTap Daily Combo by Pixelverse Game: Tips to Know   All About the Pixelverse (PIXFI) Airdrop PixelTap is gearing up for the PIXFI token generation event in June, which includes airdrops for players. The more you win in the game, the higher the percentage of the token supply you will receive. Here's how you can join and maximize your earnings.   The airdrop is linked to the PIXFI Token Generation Event, expected in June. Players are rewarded based on their performance in the game's fight feature, with a higher percentage of the token supply allocated to top performers.   Why Participate in PixelTap Airdrop? Innovative Gameplay: The tap-to-earn mechanism and PvP battles make PixelTap engaging and fun. Lucrative Earning Opportunities: With multiple ways to earn points, including referrals, PixelTap offers significant earning potential. Strong Community: An active community and regular updates from the Pixelverse team ensure a dynamic and supportive environment. How to Connect PixelTap Dashboard to Wallet Connecting your wallet to the PixelTap dashboard in Pixelverse is essential for securely managing and withdrawing your in-game earnings, such as PIXFI tokens earned through battles, quests, and referrals. This connection enables seamless transactions and supports trading or holding tokens on supported exchanges once listed.    Additionally, using reputable wallets like MetaMask enhances security and protects your assets from unauthorized access. Furthermore, linking your wallet allows participation in staking activities and governance decisions within the Pixelverse ecosystem, offering additional rewards and a more active community role.    Follow these steps to connect your PixelTap dashboard to a crypto wallet:   Step 1: Log in to Your Dashboard Access the dashboard through the link provided in the description.     Step 2: Select Your Wallet Choose from available wallets. Non-custodial wallets like MetaMask are recommended for better security.     Step 3: Connect to MetaMask Click on the MetaMask option and log in using your password. Ensure MetaMask is already installed on your device.     Step 4: Complete Registration  Enter your email and the verification code sent to your email. Sign in and connect your wallet by following the prompts.   Step 5: Confirm Connection Once connected, your wallet address will be displayed. Disconnect by clicking the disconnect button if needed.     Connecting to an exchange wallet wallet may offer more PixelTap coins or points, but MetaMask is a secure option.   Conclusion PixelTap is an exciting addition to the Telegram gaming world, offering a clear roadmap, reputable team, and innovative gameplay. Join now to take advantage of the airdrop and earn rewards in the Pixelverse ecosystem.   Pixelverse Airdrop FAQs 1. When will the PIXFI token launch? The $PIXFI token is expected to launch in June.   2. How do I become eligible for the PixelTap airdrop? Participate in in-game tasks, especially the fight feature, to increase your percentage of the token supply.   3. How can I stay updated on new airdrop tasks? You can join the Pixelverse Telegram channel or follow their official X account for the latest updates.   4. What wallet types can I use to connect to PixelTap? You can use any supported wallet, including non-custodial options.   5. Is it safe to connect my wallet to PixelTap? Yes, ensure you use official links and avoid sharing private keys or passwords.

The long-anticipated repayment of $10 billion worth of Bitcoin to Mt. Gox creditors is set to begin in July. While many fear this could lead to a flood of Bitcoin hitting the market, analysts suggest the impact may not be as severe as expected.   Quick Take  Analysts predict the scheduled repayment of $10 billion worth of Bitcoin may not significantly impact prices. Experts believe much of the expected selling pressure from Mt. Gox repayments is already reflected in current market conditions. Many Mt. Gox creditors are long-term holders, less likely to sell immediately despite significant gains. Bitcoin is approaching crucial support levels, indicating potential stabilization or further declines. Mt. Gox, a Japanese cryptocurrency exchange, collapsed in 2014 after a massive hack. The exchange lost around 940,000 BTC, worth approximately $64 million at the time. Over the years, Mt. Gox recovered 141,687 BTC to return to its creditors, which is now valued at $10 billion. These repayments are scheduled to start in early July.   Read more: Bitcoin’s Price Plummets to $61,000: Key Factors Behind the Recent Decline   Analysts Expect Only Around 50% of the BTC to Hit Markets in July  Tony Sycamore, an analyst at IG Markets, estimates that around half of the total Bitcoin — worth roughly $5 billion — could be set to hit the market in July. However, Sycamore believes much of the expected sell pressure is already priced into the current market conditions. He points out that the repayments have been anticipated for a long time and are occurring amidst deteriorating market sentiment, technical selling, and outflows from Bitcoin ETFs.   Galaxy Research suggests that only 65,000 of the total 141,000 BTC might actually hit the market. The firm predicts that about 75% of creditors will opt for an early payout, sacrificing 10% of their repayment, resulting in an approximate 95,000 BTC hitting the market initially. Additionally, 20,000 BTC is owed to claims funds, and 10,000 BTC to Bitcoinica BK, leaving just 65,000 BTC for regular creditors.   Will Mt. Gox Creditors HODL Their Bitcoins?  Sam Callahan, senior analyst at Swan Bitcoin, believes the impact on Bitcoin's price from Mt. Gox distributing Bitcoin is likely overblown. He argues that creditors who wanted to sell their Bitcoin have had more than ten years to do so through selling their bankruptcy claims to more convicted, long-term investors. Callahan also highlights that most creditors will likely hold their Bitcoin because their cost basis is less than $700 per Bitcoin.   Despite the fears, some observers believe that the concerns about the sell pressure from Mt. Gox repayments may be overblown. Alistair Milne, CIO of Altana Digital Currency Fund, noted that distressed or urgent sellers likely sold their claims years ago. He suggests that the remaining creditors are not under pressure to sell immediately.   Bitcoin to Test Levels Between $55k and $75 Bitcoin has been consolidating within a descending parallel channel since its bull run in March 2024. Analysts are closely watching the psychological support level of $60,000 and the 200-day exponential moving average at around $58,000. Independent market analyst Teddy Cleps anticipates Bitcoin could slide towards $61,000, which aligns with historical support levels.   BTC/USDT price chart | Source: KuCoin   The announcement of Mt. Gox repayments has led to increased demand for short-term BTC put options, indicating renewed interest in downside protection. BTC's market dominance fell by 1.8% to 54.34%, reflecting investor apprehension about the potential impact of the repayments.    While Bitcoin's price continues to face downward pressure, some analysts remain optimistic. Michael Novogratz of Galaxy Digital Holdings predicts that Bitcoin will trade within the $55,000-75,000 range throughout Q2 2024, driven by new market events and regulatory clarity.   Read more: Bitcoin Price Prediction 2024   Conclusion The upcoming Mt. Gox repayments have stirred significant concern among Bitcoin investors. However, many analysts believe the impact may be less dramatic than feared. Much of the expected sell pressure appears to be already priced into the market, and many creditors are likely to hold their Bitcoin rather than sell immediately. As Bitcoin approaches crucial support levels, the market's reaction in the coming weeks will be critical in determining its short-term trajectory.  

In the past 24 hours, the cryptocurrency market has experienced a significant downturn. Major tokens, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Solana (SOL), have all seen sharp declines. This market slide has led to over $150 million in bullish bets being liquidated.   Quick Take Major cryptocurrencies experienced a sharp decline of up to 7.5% in the past 24 hours, affecting Bitcoin, Ethereum, Cardano, and Solana. Bitcoin's 3% price drop led to over $150 million in bullish bets being liquidated, causing widespread market concern. The decline is attributed to large sales from Bitcoin miners and the German government moving significant amounts of BTC to exchanges. Bitcoin prices are approaching critical support levels, indicating potential further declines if these levels are breached. Bitcoin Takes a Hit Bitcoin has been at the forefront of this downturn, losing 3% of its value. This decline has erased the gains made last week, causing concern among traders and investors. The drop in Bitcoin's price is attributed to several factors, including large sales from Bitcoin miners and the German government moving significant amounts of BTC to exchanges.   BTC/USDT price chart | Source: KuCoin   Altcoins Also Suffer Altcoins have not been spared in this downturn. Ethereum, Cardano, and Binance Coin (BNB) registered similar losses to Bitcoin. Solana's SOL dropped 7%, trading at nearly $120 on Monday morning. Memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) also fell by nearly 5%.   Why Is Bitcoin Price Sliding Down?  Here’s a look at some of the key factors driving Bitcoin prices lower:    Sales from Bitcoin Miners: Bitcoin miners have been under pressure to sell due to higher breakeven prices post-halving. This has resulted in miner BTC holdings dropping to their lowest level in the past 14 years. Singapore-based QCP Capital highlighted that miner BTC reserves are lower by 50,000 from the start of the year. Miners have been selling due to the higher breakeven prices post-halving. QCP Capital noted that this has led to a significant drop in miner BTC holdings, contributing to the market decline. German Government's BTC Sales: The German government allegedly sold around 3,000 BTC recently, with plans to sell another 47,000. This large pool of supply entering the market has spooked investors, contributing to the market decline. The German Federal Criminal Police Office (BKA) moved tens of millions worth of BTC to exchanges like Coinbase and Kraken last week. This move has created additional downward pressure on the market. Whale Activities: Bitcoin whales, entities with large holdings of the coin, sold over $1 billion worth of BTC in the first two weeks of June. This activity has added to the market's bearish sentiment. Broader Market Sentiment: The overall market sentiment has been negatively impacted by these movements, causing a broader sell-off. The CoinDesk 20, which tracks major tokens minus stablecoins, slumped just over 4%. Impact on Liquidations: The market's sharp decline has resulted in significant liquidations. Over $150 million in bullish bets (long positions) were liquidated, while bearish bets (short positions) saw a smaller $9 million in losses. Liquidation occurs when an exchange forcefully closes a trader's leveraged position due to a loss of the trader's initial margin. Read more: MicroStrategy Buys 11,931 BTC More, Total Bitcoin Holdings Worth Around $15B   Is Bitcoin Getting Ready to Test Support at $60,000?  Bitcoin is now heading toward crucial support levels, including the psychological support level of $60,000 and the 200-day exponential moving average (200-day EMA) at around $58,000. Market analysts are closely watching these levels to gauge Bitcoin's next move.   Bitcoin Price Predictions: $50,000 or $75,000?  Market analysts have varying predictions for Bitcoin's price movement. Some believe Bitcoin may find support around the $60,000 level, while others predict further declines to $50,000. Independent market analyst Teddy Cleps anticipates a slide toward $61,000, citing historical support at the 21-weekly EMA.   Bitcoin price chart exhibits double top pattern | Source: 10x Research on X   Bullish Scenarios: Despite the current bearish sentiment, some analysts remain optimistic. Michael Novogratz of Galaxy Digital Holdings predicts that Bitcoin will trade within the $55,000-75,000 range throughout Q2 2024. He believes new market events could drive prices higher after the current stagnation.   Read more: Bitcoin Price Prediction 2024   Conclusion The recent market downturn has highlighted the volatility and sensitivity of the cryptocurrency market to large-scale movements and external factors. While Bitcoin and other major tokens have experienced significant declines, the market's next move will depend on how it reacts to key support levels and upcoming economic data. Investors and traders should remain cautious and closely monitor market developments in the coming days.  

Blast is an Ethereum Layer 2 (L2) solution designed to offer native yield for ETH and stablecoins. Blast has confirmed an airdrop for early users, offering early investors and users an opportunity to earn BLAST tokens.   Quick Take  Blast L2 lets users earn 4% interest on ETH and 5% on stablecoins, providing a significant advantage over other L2 solutions. Early users of Blast can earn and convert airdrop points and Blast Gold to BLAST tokens, enhancing user engagement. Blast has raised $20 million from prominent investors like Paradigm and Standard Crypto, ensuring strong financial backing. What Is Blast Ethereum L2 Network?  Unlike other L2s with a default interest rate of 0%, Blast stands out by providing a 4% interest rate for ETH and 5% for stablecoins. This unique feature, combined with a robust ecosystem and significant investor backing, positions Blast as a game-changer in the blockchain industry.    Blast’s integration with Dune enhances data accessibility. Users can generate dashboards and queries, exploring transaction volumes and smart contract interactions within the Blast network.   Read more: Top Crypto Projects in the Blast Layer-2 Network   All About the Blast Airdrop  Ethereum layer-2 scaling solution Blast is all set to launch its airdrop on June 26, 2024, To qualify, you need to bridge ETH or supported stablecoins (USDT, USDC, DAI) to the Blast Layer 2 network before the mainnet launch. Use an invite code to access the platform, connect your Twitter and Discord accounts, and engage with the Blast ecosystem.  When to Claim Blast Token Airdrop  June 25th: Deadline for dApps to ensure all Gold and Points are allocated to users. June 26th: Conversion of earned airdrop points and Blast Gold to BLAST tokens. How to Qualify for the Blast Airdrop  To qualify for the airdrop:   Log In to the Blast Dashboard: Ensure you log in at least once with your EOA and link any embedded EVM-compatible wallets, such as MetaMask. Secure Your Entitlement: This ensures your points and Gold holdings are accurately accounted for. How to Participate in Blast Airdrop  Here’s a step-by-step guide to help you maximize your airdrop rewards:   Visit the Blast Website: Start by visiting the official Blast website. Use an Invite Code: Enter an invite code to access the platform. Connect Your Wallet: Follow Blast on Twitter and Discord, then connect your web3 wallet. Bridge Your Assets: Transfer ETH or supported stablecoins (USDT, USDC, DAI) from the Ethereum network to Blast L2 using the bridge on the Blast platform. Ensure you have enough ETH to cover transaction fees.   Earn Points and Interest: Once your assets are bridged, you start earning Blast points based on the amount bridged and a 4% interest rate on ETH and 5% on stablecoins. Participate in the Early Access campaign for a 10x multiplier on points. Interact with dApps on Blast to earn Blast Gold. Participate in Multiplier Campaigns: Engage with highlighted dApps on Blast to earn multipliers that boost your points. Ensure all Privy wallets for dApps are linked to your Blast dashboard profile. Invite Friends: Use the referral system to invite friends. You earn additional points from their activity. Earn Blast Gold: Interact with dApps to earn Blast Gold, which can be converted to BLAST tokens along with your points on June 26th. Monitor Your Progress: Track your points and Blast Gold on the Blast dashboard. Engage with the platform regularly to maximize your rewards. Read more: How to Connect to Blast Mainnet   Remember to verify your transactions and check your balance within the Blast platform. Be cautious of phishing attempts and only interact with official channels to avoid scams.    Closing Thoughts  Blast is setting new standards in the blockchain ecosystem with its innovative yield offerings and robust user rewards. With substantial investor backing and a clear roadmap, Blast has the potential to redefine how users interact with L2 solutions.    While the opportunities to maximize earnings are enticing, it is essential to remember that all investments carry risks. Ensure that you thoroughly research and consider your risk tolerance before participating. Stay informed and make the most of what Blast has to offer by staying engaged and proactive.  

New data reveals that the daily average volume of Tether (USDT) on the TRON blockchain has surpassed that of Visa. Market intelligence firm Lookonchain reported that Tether's dollar-pegged digital asset over TRON reached a 24-hour trading volume of $53 billion. This figure represents a nearly 10% rise on the day. In contrast, Visa's average daily trading volume stood at $42 billion.   Quick Take  Tether's USDT reached a 24-hour trading volume of $53 billion on the TRON blockchain, exceeding Visa's average daily volume of $42 billion. Within the same 24-hour period, USDT on TRON recorded over 2 million transfers, marking a 5.14% increase. TRON has become the leading blockchain for USDT transactions, holding 53.7% of the token's market cap. TRON Leads in USDT Transactions, Accounts for Over 50% Market Cap  Among the many blockchains supporting USDT, TRON has emerged as the leader. Recent figures show that TRON commands $59.3 billion, or 53.7%, of USDT's (TRC-20) market cap as of Q1 2024. In contrast, Ethereum, which was previously the dominant chain for USDT (ERC-20), held $50.7 billion or 45.97% of USDT's Q1 market cap. TRON's rise is attributed to its lower costs and faster transaction speeds compared to Ethereum.   2 Million Transfers in One Day USDT transactions dominate on TRON network | Source: Lookonchain    Lookonchain’s chart highlights that USDT saw over 2 million transfers within the same 24-hour period, a 5.14% increase. This surge underscores the growing adoption and usage of stablecoins in the digital economy.   Tether Launches Gold-Backed Stablecoin aUSDT Tether recently announced the launch of a new gold-backed stablecoin with overcollateralized reserves, known as aUSDT. This digital asset will be backed by Tether Gold (XAUT), which is stored in physical gold reserves in Switzerland. Tether CEO Paolo Ardoino stated, “This innovative solution marks an exciting milestone, and we eagerly anticipate how it will interact with the rest of the market."   Stablecoin Regulation on the Rise in Key Markets  As stablecoin usage expands, governments are crafting regulatory frameworks to support their use while maintaining financial integrity. In the U.S., Senators Kirsten Gillibrand and Cynthia Lummis introduced the bipartisan Lummis-Gillibrand Payment Stablecoin Act, which aims to create a comprehensive regulatory framework for stablecoins. This legislation addresses issuance, redemption, and reserve mandates for stablecoin providers.   In the U.K., HM Treasury is advancing its stablecoin plans with Phase 1 of its regulatory strategy, focusing on issuing, custody, and using stablecoins. Firms involved in UK payment transactions using stablecoins will need to seek authorization as payment service providers and will be supervised by the Financial Conduct Authority.   How Will EU’s MiCA Regulations Affect Tether (USDT) Use?  The European Union’s Markets in Crypto Assets (MiCA) regulation, set to take full effect on June 30th, 2024, imposes stringent regulations on fiat-backed stablecoins and e-money tokens. MiCA's key provisions include a 1:1 backing of fiat-based stablecoins with liquid reserves and a prohibition on algorithmic stablecoins. Uphold, a New York-based crypto exchange, announced the delisting of six stablecoins, including USDT, in response to MiCA.   Conclusion The rising volume of USDT on the TRON network, surpassing Visa’s daily transaction volume, marks a significant milestone in the digital finance landscape. As stablecoins like USDT continue to grow in prominence, they offer a bridge between volatile digital assets and traditional fiat currencies. The introduction of new regulations globally aims to ensure the stability and integrity of these digital assets, further integrating them into the mainstream financial system.