Author: John Smith

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…

Trump-linked decentralized finance project World Liberty Financial is distributing 47 USD1 stablecoins to wallet addresses that participated in its presale. The airdrop was first flagged by blockchain analytics firm Lookonchain in a June 4 post on X, which noted that wallets involved in the WLFI token sale received 47 units of USD1. Several WLFI token holders on X have confirmed receiving the airdrop, which was conducted on the Ethereum (ETH) blockchain. The number 47 is believed to commemorate Donald Trump becoming the 47th President of the United States, giving the airdrop ceremonial significance beyond its dollar value. The airdrop was originally…

Truth Social’s parent company has filed for a spot Bitcoin exchange-traded fund, entering a competitive field of crypto investment products. According to a June 3 filing with the Securities and Exchange Commission, stock exchange NYSE Arca submitted a Form 19b-4 on behalf of Yorkville America Digital, the asset manager behind the proposed Truth Social Bitcoin (BTC) ETF. Yorkville is a partner of Trump Media & Technology Group, the operator of Truth Social and fintech platform Truth.Fi. The ETF aims to track the price of Bitcoin and list on NYSE Arca. While the filing didn’t disclose a ticker or management fee,…

U.S. stocks climbed Tuesday, buoyed by stronger-than-expected labor data and optimism around potential U.S.-China trade talks, which helped offset economic growth warnings from the OECD.  The Dow Jones Industrial Average rose 214 points, or 0.51%, while the S&P 500 gained 0.58%. The tech-heavy Nasdaq outperformed, rising 0.81%, powered by a rally in chip stocks led by Nvidia A surprise uptick in April’s job openings, reported in the JOLTS update, reassured investors about labor market resilience even as tariff hikes take hold. Openings rose to 7.39 million, setting a positive tone ahead of Friday’s May jobs report.  Hiring rates also increased,…

Some of the largest U.S.-based Bitcoin miners—CleanSpark, MARA, and Riot Platforms—released their May 2025 operational updates today, reporting solid gains. All three companies reported month-over-month gains in Bitcoin (BTC) production, infrastructure development, and strategic positioning in the post-halving market. CleanSpark produced 694 BTC in May and reached a hashrate of 45.6 EH/s, a 7.5% increase from the previous month. The company also announced it now holds 12,502 BTC, double its treasury from a year ago, with all reserves mined directly.  CleanSpark expanded its contracted power capacity to 987 megawatts and is on track to become the first public miner to…

Rocket Pool price has surged 29% in the past 24 hours to break above $6, with this coming amid a 150% spike in open interest. As several altcoins rose alongside Ethereum (ETH), holders of the native token of decentralized Etherum staking protocol Rocket Pool (RPL) witnessed an impressive 29% price increase. The 24-hour gains extended the uptick from support below $5 for RPL. Notably, the liquid staking protocol’s gains came with a massive 800% increase in daily trading volume. Data from Coinglass also showed Rocket Pool commanding a 150% jump in open interest. OI is a metric analysts use to…

Tether continues to expand its global presence and support for cryptocurrency adoption, with the stablecoin giant’s latest move being a strategic investment in Chile-based crypto exchange Orionx. Tether, the issuer of leading stablecoin Tether (USDT), announced its investment in the Chilean Chilean digital assets and infrastructure company on June 3, 2025. According to details, the investment is part of Orionx’s series A funding round, which Tether led. Orionx has operations across Latin America, offering its crypto cross-border payments solution in Chile, Peru, Mexico and Colombia. The funding will allow the platform to consolidate its operations in the region, Tether noted…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogecoin’s rising supply pressures its price, while Unilabs gains traction with powerful tools for 2025 growth. Dogecoin supply on exchanges rises, signalling possible sell-offs and putting further pressure on the DOGE price. Whale movements suggest DOGE could face more volatility, prompting investors to seek alternatives. Unilabs gains momentum, offering AI-driven tools, passive income options, and a strong presale with over $1.9m raised. The increasing Dogecoin supply has raised concerns in the memecoin sector, further putting downward pressure on the…