Author: John Smith

Ethereum co-founder Vitalik Buterin acknowledges that Bitcoin is still ahead in certain aspects compared to ETH in the space. He also recognizes that layer 2 still has a lot of room for improvement. On June 4, the Ethereum (ETH) co-founder responded to a thread on X where users were debating on where the protocol’s strengths lie and what it still needs to improve on. Some users believed that Ethereum is already leading the industry in terms of censorship resistance, but not in terms of transactions per seconds. Vitalik Buterin confirmed this, stating that Ethereum is currently in the lead when…

Jupiter DAO has kicked off vote on whether to formally integrate its unofficial media arm, JUP & JUICE, as a Full Working Group with a dedicated budget. Jupiter DAO is currently holding a vote to decide whether to officially establish JUP & JUICE Media Studio as a Full Working Group, giving it a formal budget and ongoing role within the DAO. The vote went live on June 2 and runs until June 6. As of now, over 449 million votes have been cast—well above the minimum threshold of 198 million needed for a valid result. JUP & JUICE have been…

Nasdaq-listed MicroCloud Hologram has invested up to $200 million in Bitcoin and cryptocurrency-related derivatives. According to a June 3 press release, the Shenzhen-based firm has acquired up to $200 million worth of Bitcoin and cryptocurrency-related securities derivatives, which include financial instruments tied to the performance of digital assets. MicroCloud said the purchased Bitcoin and its derivatives will be incorporated into its capital reserves. Unlike direct Bitcoin purchases added to a company’s treasury, derivatives offer exposure to price movements without requiring physical ownership of the asset. This approach allows firms like MicroCloud to manage volatility, hedge positions, and maintain liquidity while…

A new venture linked to the Donald Trump crypto brand has spiraled into public drama as the family moves to distance itself from the project. Since adopting his self-acclaimed ‘crypto president’ title, Donald Trump and his family have ventured into the industry with bold business initiatives. Not ones to shy away from leveraging trends, several ventures from NFT collections to token launches have been linked to the Trump name, including a recently debuted DeFi platform, World Liberty Financial.  But the latest project claiming Trump family ties has sparked a public fallout. Drama ensues as Trump boys disown Wallet On June…

Pump.fun, the Solana-based memecoin launchpad, is reportedly preparing a $1 billion token sale at a $4 billion valuation. Solana memecoins tumbled on the news though reports are still unconfirmed by the official source. According to a June 3 report by Blockworks, Pump.fun, the memecoin launchpad based on Solana (SOL), is reportedly preparing a token sale aiming to raise up to $1 billion at a fully diluted valuation of $4 billion. Citing sources familiar with the matter, Blockwords reported that the sale will be open to both private and public investors and could launch within the next two weeks. Details on…

MKR could be gearing up for a strong rally in the coming week, fueled by both technical signals and growing momentum around the Sky Protocol rebrand. According to data from crypto.news, Maker (MKR) surged over 17% on June 3, hitting an intraday high of $1,944 before settling around $1,892, its highest level since mid-May. The token’s market cap is hovering near $1 billion, and daily trading volume jumped nearly 50% to around $200 million, clear signs of rising activity and renewed investor interest. One of the main drivers behind Maker’s recent rally is the ongoing transition to SKY, the new…

The new South Korea president Lee Jae-myung was recently elected after gaining nearly 50% of the votes. Here are a few of Lee’s campaign trail promises regarding crypto advancements in the region. According to Reuters, Lee won the electoral race with more than 49% of the total votes, beating out his opponent right-wing opponent Kim Moon-soo’s 41.15%. On June 4, Lee attended his inauguration ceremony where he was officially sworn in as president. This year’s South Korea presidential election has been a landmark race to win the favor of crypto traders and industry players in the country, considering a third…

Sonic Labs has unveiled a 200 million S token airdrop to reward users and developers in its growing ecosystem, and U.S. residents are now officially eligible. The announcement was made via a June 3 blog post and was later confirmed on X, marking a rare moment where an airdrop will be accessible to users in the U.S. under legal compliance. According to Sonic Labs, 190.5 million Sonic (S) will be distributed through a gamified points system that includes Sonic Points for regular users, Sonic Gems for decentralized finance protocols, and Game Gems for game developers.  https://twitter.com/soniclabs/status/1929885846926438620?s=46&t=nznXkss3debX8JIhNzHmzw The first season of…

A California bill that would allow state departments to accept cryptocurrency payments has passed the State Assembly with a unanimous vote. On June 2, California lawmakers approved Assembly Bill 1180 (AB 1180) with a 68-0 vote during its third reading. The bill, introduced by Assembly member Avelino Valencia, is now advancing to the State Senate for further consideration. If enacted, the legislation would require the Department of Financial Protection and Innovation to establish regulations allowing state fees and transactions under the Digital Financial Assets Law to be paid in digital currencies. The bill proposes a pilot program that would run…

Bitcoin has settled just above $105,500 after pulling back from its all-time high of $111,814 set on May 22.  The slowdown appears to be primarily caused by traders locking in gains following the sharp climb, with signs of exhaustion starting to appear in both price action and investor behavior. In a June 3 post on X, Glassnode noted a rare spike in entity-adjusted realized profit, which surged above $500 million per hour three times within a single 24-hour window.  This metric, which measures the total gains locked in by wallets after adjusting for internal transfers and entity clustering, offers a…