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πŸ—ž CryptoNews of the Day πŸ—ž

Federal Reserve Holds Key Interest Rate Steady Amid Inflation Concerns, Bitcoin Remains Flat: The Federal Reserve opted to maintain its key interest rate amid inflationary pressures.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/federal-reserve-holds-key-interest-rate-steady-amid-inflation-concerns-bitcoin-remains-flat

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Tokenization Firm Securitize Secures $47M Funding Round Led by BlackRock: Securitize, a tokenization firm based in Miami, has successfully closed a strategic funding round, raising $47 million.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/tokenization-firm-securitize-secures-dollar47m-funding-round-led-by-blackrock

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Bitcoin Layer-2 Network Stacks Witnesses Surge in Active Users: The leading Bitcoin layer-2 (L2) network, Stacks, has achieved a remarkable milestone with its highest number of active users to date.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/bitcoin-layer-2-network-stacks-witnesses-surge-in-active-users

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Friend.tech Prepares for Version Two Launch and Airdrop, but Leaked Smart Contract Raises Controversy: Decentralized social media platform Friend.tech is gearing up for the launch of its version two and accompanying airdrop on May 3.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/friendtech-prepares-for-version-two-launch-and-airdrop-but-leaked-smart-contract-raises-controversy

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Grayscale Bitcoin Trust ETF Breaks 11-Week Outflow Streak with $63M Inflows: After 11 consecutive weeks of outflows, the Grayscale Bitcoin Trust ETF (GBTC) has finally experienced a positive gain of $63 million.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/grayscale-bitcoin-trust-etf-breaks-11-week-outflow-streak-with-dollar63m-inflows

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Eigen Foundation Expands EIGEN Token Allocation by $280M To Address Concerns: In response to community criticism and to boost accessibility for early adopters, Eigen Foundation has announced that it will allocate an additional 100 EIGEN tokens.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/eigen-foundation-expands-eigen-token-allocation-by-dollar280m-to-address-concerns

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Sui Network Addresses Concerns Over Token Supply and Control: The Sui Network has responded to allegations regarding its tokenomics and control of its SUI token.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/sui-network-addresses-concerns-over-token-supply-and-control

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Bitfinex CTO Paolo Ardoino Dismisses Claims of Database Hack as Fake: Bitfinex, a prominent cryptocurrency exchange, has refuted the claims made by hacking group Fsociety.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/bitfinex-cto-paolo-ardoino-dismisses-claims-of-database-hack-as-fake

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FriendTech's Native Token Begins Trading Amidst Airdrop Claims Issues: The native token of web3 social media platform FriendTech, FRIEND, witnessed a significant drop in value to a low of $0.80 following its launch

πŸ‘‰Details: https://coinmarketcap.com/academy/article/friendtechs-native-token-begins-trading-amidst-airdrop-claims-issues

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SEC Issues Wells Notice to Robinhood For Crypto Trading Business: Robinhood, the popular trading platform, has received a Wells notice from the United States Securities and Exchange Commission (SEC), leading to a 2.5% drop.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/sec-issues-wells-notice-to-robinhood-for-crypto-trading-business

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MetaMask Introduces Smart Transactions Feature to Tackle MEV Issues on Ethereum: MetaMask, the leading Ethereum wallet, is launching a new feature called Smart Transactions to combat the negative effects of maximal extractable value (MEV).

πŸ‘‰Details: https://coinmarketcap.com/academy/article/metamask-introduces-smart-transactions-feature-to-tackle-mev-issues-on-ethereum

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Bitcoin Runes Regain Dominance in Daily Transactions on the Bitcoin Network: Bitcoin Runes, a protocol launched on April 20, has overtaken the original Bitcoin, Ordinals, and BRC-20 tokens in terms of daily transactions on the Bitcoin network.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/bitcoin-runes-regain-dominance-in-daily-transactions-on-the-bitcoin-network

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Ethereum Witnesses a Significant Drop in Daily ETH Burning: The Ethereum network has experienced a notable decline in the daily amount of ETH burned, reaching its lowest level this year.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/ethereum-witnesses-a-significant-drop-in-daily-eth-burning

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Crypto Venture Capital Funding Surpasses $1 Billion for Second Consecutive Month: Crypto venture capital funding has exceeded $1 billion, signaling sustained investor interest in the industry.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/crypto-venture-capital-funding-surpasses-dollar1-billion-for-second-consecutive-month

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Memecoin Fever Cools Down: The wild ride of memecoins appears to be hitting some turbulence as Bitcoin's resurgence captures traders' attention.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/memecoin-fever-cools-down

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Ethena Labs Partners with Bybit to Enhance USDe as Collateral and Spot Trading: Ethena Labs, a leading provider of synthetic assets, has announced a strategic partnership with Bybit, a prominent cryptocurrency exchange.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/ethena-labs-partners-with-bybit-to-enhance-usde-as-collateral-and-spot-trading

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Solana Gains 5%, While Bitcoin and Ethereum Experience Minor Dips: While most of the top cryptocurrencies are trading sideways or slightly down, Solana (SOL) stands out with a nearly 2.28% increase over the past day.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/solana-gains-5percent-while-bitcoin-and-ethereum-experience-minor-dips

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Starknet Foundation Launches $5 Million Grant Program: The Starknet Foundation has unveiled a new grant program aimed at supporting new projects on Starknet.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/starknet-foundation-launches-dollar5-million-grant-program

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Revolut Launches Revolut X Crypto Trading Platform for UK Retail Customers: Revolut, the global fintech company and neobank, has made a significant entry into the cryptocurrency space with the introduction of Revolut X.

πŸ‘‰Details: https://coinmarketcap.com/academy/article/revolut-launches-revolut-x-crypto-trading-platform-for-uk-retail-customers

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Visa Claims that 90% of Stablecoin Transaction Volumes Are Not Initiated by Humans: Visa, in collaboration with enterprise blockchain data provider Allium, has unveiled a new data dashboard aimed at addressing the issue of "inorganic activity".

πŸ‘‰Details: https://coinmarketcap.com/academy/article/visa-claims-that-90percent-of-stablecoin-transaction-volumes-are-not-initiated-by-humans

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2024/06/03 19:13:15
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