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π’ The Big Crypto Sunday Recap π’
In this weekβs edition, we'll delve into the top-performing cryptocurrencies, explore growth in various crypto sectors, highlight major investments reshaping the digital assets landscape, and dissect regulatory updates influencing market dynamics. ππ #CryptoNews #DeFi
π Macroeconomic Overview π
U.S. inflation slowed in May according to the PCE price index. This decline strengthens the case for the Fed to potentially cut interest rates later in 2024. Core PCE inflation eased to 0.1% month-over-month, maintaining 2.6% year-over-year. ππΊπΈ
π Top Performing Coins Of This Week π
Cryptos are showing signs of recovery after Monday's sell-off. Kaspa $KAS surged 24.6% in the last 7 days, followed by Akash $AKT, $BRETT, and $BONK with 17-23% gains. Polkadot $DOT also saw a 14% rise. ππ
π° Industry News π°
VanEck Files For Solana ETF: VanEck filed for the first-ever Solana ETF in the US. Solana's price jumped over 10% on the news. ππ§Ύ
Ethereum ETF Likely To Go Live Soon: The SEC might approve ETFs tracking Ethereum by July 4th. π π
TON Blockchain Transaction Volume Hits $10B: TON blockchain is surging with daily transaction volumes reaching $10 billion. ππΈ
π° Prominent Investments π°
Bitget Forms $20M TON Ecosystem Fund: Bitget boosts the TON ecosystem with a $20 million fund in partnership with Foresight Ventures. ππΌ
MegaLabs Secures $20M In Seed Funding: #MegaLabs raises $20M to develop #MegaETH, a faster and scalable Ethereum-compatible blockchain. β‘π
Stay tuned for more updates and insights in the ever-evolving world of crypto! ππ #Crypto #Blockchain #Ethereum #Solana #CryptoNews #DeFi #Investing #TokenMetrics
π§΅ 3/6 π Scalability & Sharding with Nightshade π
NEARβs Nightshade sharding tech allows for high throughput by processing βchunksβ of the blockchain in parallel. Phase 2 testing began in January, promising better performance and scalability. πβ‘
#BlockchainTechnology #Sharding #Innovation
π§΅ 2/6 π AI Narrative Boost π
NEAR, originally an AI protocol, is leveraging its AI roots to drive growth. Since returning as CEO in Oct '23, Founder Illia Polosukhin has launched an AI R&D incubator, even speaking at Nvidiaβs GTC. π
#ArtificialIntelligence#CryptoNews#AI
π§΅ 1/6 π Exciting News for $NEAR! π
Despite not getting the same hype as other L1s last cycle, NEAR Protocol has seen a massive 300% surge in the past year, with prices peaking at $8 and currently at ~$5.45. π
What's driving this growth? Let's dive in! ππ
#Crypto #Blockchain #NEAR
@elena_bardet1 Era una gag dei Soliti Idioti, quando facevano la coppia omosessuale che non riusciva ad avere figli. Allora uno dei due pregava sempre sanSebastiano di fargli il miracolo π