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The non-fungible token market is back in action after more than two months of agony, with non-fungible token collections created on Solana and Polygon leading the market resurgence. Solana has today overturned the tables to become the leading blockchain network in the NFT ecosystem. Solana Becomes The Leading NFT Blockchain Data fetched by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer, shows that non-fungible token collections created on Solana have made a huge comeback today. In the past 24 hours, Solana-based NFT collections have amassed a trading sales volume of $5.07 million, representing an 83% surge from the past day. Solana is an open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications. Today, Solana-based digital items have exploded in trading sales volume, making Solana the leading blockchain network in the NFT ecosystem. It’s the first ti

Investment management firm VanEck has filed an 8-A form for its pending Spot Ether ETF application. According to Bloomberg ETF analysts, this can be a signal that the full approval of the Ether ETFs is close. Senior Bloomberg ETF analyst Eric Balchunas pointed to VanEck’s 8-A filing for its Bitcoin ETF and the timeline around that approval as a clue for a potential launch window of an Ether ETF. According to Balchunas, VanEck’s 8-A filing for its Bitcoin ETF was filed seven days before the investment fund launched on the market. Thus, since we are a week away from the previously predicted July 2 launch of Ether ETFs, that prediction seems more plausible. In a post to X, Balchunas said it “should be noted that they filed their 8-A for spot bitcoin exactly 7 days before launch.” He added that this realization was a “Good sign” for their July 2nd over/under date. “But again, anything [is possible] Sure we’ll hear more soon..” Early this month, Balchunas and another ETF analyst at Bloo

The crypto currency industry is more than just a market full of coins. Several platforms have been expanding and exploring ways to digitize finance completely. In an attempt to do the same, crypto currency exchange Coinbase partnered with Stripe, a prominent payment firm. The companies hope to provide fiat-to- crypto on-ramps and off-ramps for clients through this collaboration. Stripe will specifically use Base, Coinbase’s Layer 2 network, for its crypto currency payouts. This will enable the companies to handle cross-border remittances and fiat payments across 150 sovereign nations more quickly. Coinbase further said, “Crypto is the future of money because it is unrestricted by international borders or banking hours, and reduces both friction and fees for users. These three key integrations lay a strong foundation for Stripe and Coinbase to begin building a better payments future for users around the world.” In addition, USDC will be made accessible through Stripe’s fiat-to- crypto

Bitcoin is at a crossroads after getting rejected at $62,000. Unsurprisingly, this has led to clashing sentiment in the market, with the bulls and bears engaged in an intense tug of war. But while bulls remains vocal, the bears have come out of the woodwork, leading to speculations that the price might actually be going much lower. Bitcoin To Succumb To Bearish Pressure Despite the 15% crash that has already rocked the Bitcoin price, crypto analyst DonAlt does not believe that the market has seen the worst of it yet. In a YouTube video, the analyst explains that even the best-case scenario for Bitcoin is still lower than its current price of $61,000. Related Reading Crypto Analyst Says ‘XRP Is In Trouble,’ Here’s Why 19 hours ago DonAlt presents the argument that the Bitcoin price is likely to fall below $60,000, which would mean it has

The Solana price pumped over 6% after VanEck filed for a Solana ETF (exchange-traded fund) and some analysts said regulatory approval might come quickly if Donald Trump retakes the White House. VanEck Files For The First Solana ETF In The US, Calls Solana A Commodity  “I am excited to announce that VanEck just filed for the FIRST Solana exchange-traded fund (ETF) in the US,” VanEck’s head of digital assets research Matthew Sigel said in an X post yesterday. Sigel went on to say that VanEck believes SOL is a commodity because it “functions similarly to other digital commodities such as bitcoin and ETH.” I am excited to announce that VanEck just filed for the FIRST Solana exchange-traded fund (ETF) in the US. Some thoughts on why we believe SOL is a commodity are below. Why did we file for it? A competitor to Ethereum, Solana is open-source blockchain software designed to… pic.twitter.com/XwwPy8BXV2 — matthew sigel, recovering CFA (@matthew_sigel) June 27, 2024 If approved,

The UK’s Financial Conduct Authority (FCA) says it is clearing an ‘operational backlog’ by approving an increasing number of registering crypto firms and growing its crypto capability to 100 employees.  In a speech given yesterday, the FCA’s joint executive director of enforcement and market oversight, Steve Smart, said that crypto firms are registering with the regulator at an increased rate thanks to the FCA helping them to better navigate its registration process.  Smart said that prior to this, “some 86% of the initial crypto registrations we received were rejected, withdrawn or refused.” He said a total of 44 crypto firms are now registered with the FCA while the watchdog works “to eliminate our operational backlog.”  To help it relieve this logjam, the Financial News (FN) reported today that the FCA has increased its crypto staff to 100 and that the fastest-growing crypto team in the organization is its policy department .   FCA too slow on crypto enforcement, says UK’s spe

Dogecoin (DOGE) whales look to have used this recent price crash as an opportunity to accumulate the foremost meme coin. This provides a positive development for Dogecoin, and the meme coin has already reacted positively, seeing how its price has recovered in the last 24 hours.  Dogecoin Whales Accumulate More DOGE Data from the market intelligence platform IntoTheBlock shows that Dogecoin witnessed $1 billion in large transactions these past few days. Large transactions refer to ones that involve $100,000 worth of Dogecoin or more being traded. An increase in the large transactions suggests that whales are either accumulating more Dogecoin or looking to offload their tokens.  Related Reading Shiba Inu Enters Accumulation Zone Amid 493% In Shibarium Transaction Fees 2 days ago Source: IntoTheBlock Further data from IntoTheBlock sug

The Cardano price is up a fraction to trade for $0.3889 as of 02:32 a.m. EST on trading volume that dipped 41%. It points to a lack of conviction in the price increase. Traders and investors may interpret this as a warning sign that the upward momentum may not be sustainable in the long term. It could also imply that the price rise may be more vulnerable to a reversal or correction due to the lack of strong trading volume supporting the move. The turnout for the Cardano price comes after the network was hit by a distributed denial of service (DDoS) attack, which targeted staked ADA tokens. A DDoS attack is a malicious attempt to disrupt the normal traffic of a targeted server, service, or network by overwhelming it with a flood of internet traffic. Multiple compromised devices, often infected with malware, are used to flood the target with an excessive amount of traffic, causing it to become slow or unresponsive to legitimate requests. DDoS Attack On Staked ADA Fails, Cardano Pric

Bitcoin’s (BTC) weekend share of trading volume has reached an all-time low in 2024, with a trending dominance of weekdays. This trend highlights an important shift for the leading cryptocurrency, approaching the traditional finance market behavior as institutions take over. This data was recently highlighted in a Kaiko report comparing the trading volume on weekends to weekdays. Notably, Bitcoin registered a 16% share of the trading volume during the weekends from January to June. This marks an all-time low for the same period, with Kaiko looking at data from seven BTC pairs since 2012. Previously, higher lows were in 2022 and 2013, both with 19% of the overall trading volume happening on weekends. Moreover, there has been a notable downtrend since 2019’s 28% peak, with weekend volume making lower highs every two years. Picks for you Ho

As Bitcoin (BTC) continues to trade well below this year’s record price highs, popular investor and finance author Robert Kiyosaki has shared his strategy for trading the flagship decentralized finance (DeFi) asset – buying when the price is low and holding onto it indefinitely. Specifically, the author of the best-selling personal finance book ‘Rich Dad Poor Dad’ has explained that, as “Bitcoin is crashing,” most people are selling, but that he was waiting to buy more, considering that “all markets go up and down,” according to his X post on June 24. Problem with trading At the same time, he pointed out the main problem with trading any asset, which, in his view, is ‘short term’ capital gains taxes, so his strategy is “similar to Warren Buffett’s ‘buy and hold on forever.’” Instead of selling, he said he was spending his time “building new assets.” Picks for you

A UK man dubbed the ‘El Chapo of the Cotswolds’ is facing 120 years in prison after a court ruled he can be extradited to the US to face charges of running an illegal drugs ring that has allegedly raked in more than $6 million in Bitcoin . Matthew Grimm was charged with five counts of drug charges and one count of money laundering for his alleged role in a multimillion-pound drug racket selling designer amphetamines to US customers. The 49-year-old allegedly ran the operation alongside two accomplices for over 10 years, transporting drugs from the Netherlands using online marketplaces such as ‘Smokeyschemsite.’ US authorities reportedly froze £5.2 million ($6.5 million) worth of bitcoin connected to his alleged drug proceeds.  Grimm was arrested in 2022 and given the green light for extradition by the country’s then-Home Secretary. He later appealed his US extradition, telling prosecutors to ‘bring it on,’ before, as reported by the Mirror, a High Court judge ruled against hi

With the rise of Telegram’s The Open Network (TON) ecosystem, it is hardly a surprise that it is increasingly becoming the target of malicious actors looking for (and often finding) a way to get their hands on other people’s private information and assets – with a particular rise in various phishing methods. As it happens, the founder of blockchain security firm SlowMist, Yu Xian, a.k.a. Mr. Cos , has warned about the growing amount of phishing attacks in the TON ecosystem , as phishing links circulate in groups on Telegram, targeting users’ TON wallets, according to an X post on June 24. Indeed, Mr. Cos explained that: Picks for you Arizona's most active senator in stock trading; Mark Kelly's net worth revealed 3 hours ago Brac

Table of Contents Dogecoin (DOGE) Bitcoin Cash (BCH) PawFury(PAW): Exceptional Returns Render (RNDR) Summary Several altcoins are poised to significantly impact the coming year, driven by technological innovations and expanding market adoption. Pawfury (PAW), Dogecoin (DOGE), Bitcoin Cash (BCH), and Render (RNDR) remain standout in this evolving market due to their compelling vision and strong community support. Dogecoin (DOGE) Dogecoin continues to defy expectations. It is supported by a large and enthusiastic community and has seen adoption by various merchants for payments, showing that it can be more than just a meme. Bitcoin Cash (BCH) Bitcoin Cash aims to restore Bitcoin's original vision as a fast and affordable medium of exchange. Its enhanced scalability and reduced transaction fees make it practical for everyday transactions. PawFury(PAW): Exceptional Returns PawFury(PAW) is synonymous with exceptional returns, having succe

Toncoin, the brainchild of messaging app giant Telegram, is making waves in the cryptocurrency world. A recent report by CryptoQuant, a leading crypto Analysis platform, has identified Toncoin as one of the fastest-growing blockchain networks. While established giants like Bitcoin reign supreme in daily transaction volume, TON’s growth metrics paint a compelling picture of a network poised for a breakout. Related Reading Follow The Whales? Arthur Hayes Buys Pendle, Token Soars 25% 1 day ago Transaction Velocity: A David-Vs-Goliath Story While Bitcoin processes a staggering $50 billion daily in transactions, TON’s daily volume sits between $5-$10 billion. This, at first glance, might seem like a David-and-Goliath scenario. However, there’s a crucial detail to consider: TON is only four years old, a mere pup compared to Bitcoin’s s