Author: John Smith
After a euphoric surge that saw meme coins on the Solana blockchain skyrocket earlier this year, the hype is beginning to unravel. Solana’s native token, SOL, has dropped for four straight days—falling nearly 18% from its May highs—as meme coin valuations across its ecosystem collapse. Once riding high with a combined market cap north of $15 billion, Solana’s meme assets like Dogwifhat (WIF), SPX6900 (SPX), and Popcat (POPCAT) have shed billions in value in just days. The broader sell-off mirrors a risk-off shift in the crypto market, amplified by geopolitical tensions and technical breakdowns, casting doubt on how much steam…
The Texas Senate has approved the conference committee report for Senate Bill 21 by a decisive 24-7 margin. This move has cleared the final legislative hurdle for the state’s proposed Bitcoin reserve fund. With both chambers adopting the measure, the legislation advances to Governor Greg Abbott for final approval and signature into law. During floor proceedings, Senator Schwertner declared the motion’s success and underlined that the law creates the Texas Strategic Bitcoin (BTC) Reserve as a specialized fund that would be administered by the state Comptroller of Public Accounts. 🇺🇸 TEXAS Bitcoin Reserve Update:The Senate has voted to adopt the…
Ethereum price pulled back in the past three days as traders adjust their positions for June, its historically worst month. Ethereum (ETH) has declined for three consecutive days, hitting a low of $2,500. That’s a 9.8% drop from its monthly high. Despite the pullback, it has outperformed most altcoins, many of which have fallen more than 15% from their highs this month. ETH retreated ahead of June, which is usually its worst month, because of the start of summer. CoinGlass data shows that the average monthly performance in June since 2016 is minus 7.4%. Its median monthly return in June…
In a pivotal shift for U.S. crypto policy, the Securities and Exchange Commission clarified on May 29 that most staking activities on proof-of-stake (PoS) blockchains do not constitute securities transactions—marking a major departure from the agency’s previously aggressive stance under former Chair Gary Gensler. The move, issued in a statement titled “Providing Security is not a ‘Security’,” alleviates legal uncertainty that had long stifled innovation and discouraged American participation in network staking. While the clarification is not a binding rule, it signals a more open regulatory posture under the current administration. It could also unlock significant growth in staking-related infrastructure,…
Shiba Inu price continued its strong downtrend on Saturday as whale investors sold and sentiment in the crypto industry worsened. Shiba Inu (SHIB), the biggest meme coin in Ethereum’s (ETH) chain, dropped for four consecutive days, reaching a low of $0.00001238, its lowest level since April 22. It has moved into a technical bear market, falling by almost 30% from its highest point in May. Shiba Inu’s decline is mostly because of the ongoing crypto sell-off that has affected all types of coins. Bitcoin (BTC) has dropped from an all-time high of $111,900 last week to $103,000. SHIB has also…
XRP, the native token of the XRP Ledger developed by Ripple, fell to $2.1533 and moved below the 50-day moving average. It has dropped by over 36% from its highest point this year. XRP‘s price dropped for three consecutive days, reaching its lowest level since May 8 as sentiment in the crypto market waned. The ongoing XRP crash led to substantial losses, especially to leveraged traders. Hyperdash data shows that one whale has had an unrealized loss of $2.6 million as the crash accelerated. The whale opened the trade at $2.3715 and applied a 3x leverage. It will be liquidated…
Key Takeaways The comptroller said the proposed structure of BitBonds deviates from how New York City traditionally raises funds. Lander stated that he would not authorize the issuance of crypto-linked debt instruments during his tenure. New York City Comptroller Brad Lander has rejected Mayor Eric Adams’ plan to introduce municipal bonds backed in part by Bitcoin called “BitBonds”, while stating that the proposal is both fiscally reckless and legally dubious. In a sharply worded statement issued on May 29, Lander stated that he would not authorize the issuance of crypto-linked debt instruments during his tenure. “Cryptocurrencies are not sufficiently stable…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In crypto and web3, money can be created, lost, or multiplied within seconds. It’s the polar opposite of old money, which grew slowly, accruing value over years or even decades. Crypto accelerates that, posting double-digit moves before TradFi wakes up and has breakfast. This hyper-cycle of onchain value creation—and eradication—compels us to reconsider what money truly is and how it functions in a decentralized future. While traditional money was based on nation-states and central banks, web3 money…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Analysts forecast XMR and XYZ could triple in value, linked to Bitcoin trends, sparking investor attention and optimism. Analysts forecast that XMR and XYZ could potentially triple in value. This prediction is based on their strong connection to Bitcoin’s current market trends. The possibility of such significant gains has captured the attention of investors and market observers. Could these cryptocurrencies be poised for remarkable growth in the near future? XYZVerse is redefining memecoins: Could this be the next 50x…
Ethereum (ETH) is trading at approximately $2,522.52, reflecting a slight decline of 0.04% in the last 24 hours. The cryptocurrency has seen some volatility throughout the day, with an intraday high of $2,641.73 and a low of $2,494.41. The pullback aligns with wider market movements amid global economic uncertainty. In this article, we will find ETH Next target and look at technical indicators and news. For on-demand analysis of any cryptocurrency, join our Telegram channel. ETH Next Target Current Price: $2,522.52 24h Price Change: -0.04% 24h Range: $2,494.41 – $2,641.73 Market Cap: ~$303.21 billion 24h Trading Volume: ~$5.2 billion Circulating Supply:…