Crypto News

Solana (SOL) saw a slight bounce on June 19, trading to $141 after a downturn that had bulls defending $130 this week. However, SOL remains more than 20% down this past month. Julien Bittel, head of macro research at Global Macro Investor, believes Solana in on the cusp of a bullish flip. With SOL price down 20% in the past 30 days, Bittel took to X to share his outlook with over 69.2K followers. The Global Macro Investor chief researcher pointed to the 30-day historical volatility chart for SOL. In terms of historical volatility, Solana is near the 50 line. A dip below this line has previously resulted in SOL price bouncing higher. “We’re getting very close to triggering a vol buy signal on SOL,” Bittel said . “A cross below 50 has produced some huge moves over the following two to three months.” In crypto, volatility can present an opportunity or a risk, with traders often looking at ‘buying the dip’ or ‘taking profit’. Market sentiment, industry news and events, regulatory...

Curve DAO (CRV) price spiked more than 10% to hit highs of $0.35. The token’s value is up 41% since hitting current all-time low amid recent CRV liquidation crisis. Data shows whales have aggressively accumulated CRV this week. Curve DAO (CRV) price soared more than 10% early Wednesday to reach highs of $0.35. While the Curve Finance governance token’s value remains in the red over the past week and month, today’s gains have pushed CRV up 41% from its all-time low. The token reached this level amid a liquidation crisis involving Curve founder Michael Egorov. Curve price rebounds amid whale accumulation CRV price fell sharply on June 13, dropping more than 30% in an hour to hit an all-time low of $0.23. The sell-off came after the Curve founder’s $141 million CRV-backed loan resulted in the liquidation of nearly $100 million of his crvUSD loan. However, on-chain data also shows a massive accumulation of CRV by whales this week. Spot On Chain shared in a post on X on June 19...

Ethereum and other altcoins jumped after the latest news around the US Securities and Exchange Commission (SEC)’s investigation into whether ETH is a security.  Lido DAO spiked double digits while Uniswap, Solana and Cardano also surged. ETH spikes after Consensys vs. SEC news Ethereum rose to highs of $3,586 on Wednesday morning as the market reacted to an announcement from Consensys that the US Securities and Exchange Commission (SEC) had ended its investigation into Ethereum 2.0. Consensys wrote that Ethereum had “survived” SEC. “Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0.” According to the blockchain software company, the SEC’s decision to end the probe means that the regulator will not file charges related to ETH sales being securities transactions. “The closing of the Ethereum investigatio...

HashKey Group announces HSK token launch set for Q3, 2024. A community airdrop is scheduled for late June to incentivize community building. HashKey Group has announced that its token HSK will launch in the third quarter of 2024. The company stated in an announcement that this token will power all HashKey core applications and use cases. HSK will also play a key role in the community’s growth as the network gains traction within the Web3 economy. HSK utility HashKey Group plans an airdrop to reward ecosystem contributors ahead of the token listing in Q3, 2024. The tokenomics of the new ERC-20 standard token include a total supply of 1 billion HSK. 65% is earmarked for ecosystem growth, 30% for the team and 5% will go to a reserve fund. Per today’s announcement, key HSK utilities include use in community rewards, access to exclusive presales, platform collaborations and fee discounts for users on the company’s HashKey Exchange and HashKey Global. HSK will also power HashKey’s ...

Morpho is the first Layer 2 protocol to launch on Coinbase’s Base. Morpho has introduced MetaMorpho Vaults and Morpho Markets on Base, boosting yield and borrowing options. Morpho’s CEO, Paul Frambot, has shifted his stance on Base deployment seeing it as pivotal for Morpho’s growth in DeFi. Morpho, a decentralized finance (DeFi) lending and borrowing protocol initially established on Ethereum , has achieved a significant milestone by becoming the first layer-2 (L2) protocol to launch on Base, a scaling network for Ethereum introduced by Coinbase in 2023. This expansion marks a pivotal moment for Morpho as it seeks to capitalize on the growing DeFi ecosystem and enhance its service offerings. The move is set to transform Morpho’s trajectory and potentially position it as a leading protocol on Base. Morpho to tap into Base’ DeFi ecosystem with this expansion Morpho’s transition to Base is a strategic decision aimed at tapping into a burgeoning DeFi ecosystem. Despite CEO Paul ...

Waka Flocka Flame’s FLOCKA token launch marred by 40% supply grab pre-announcement. Blockchain investigator flags rapid token distribution post-launch as insider trading. Critics question celebrity crypto credibility amid past promotions and transparency lapses. The intersection of celebrities and cryptocurrency has often been a volatile one, marked by both intrigue and controversy. The launch of Waka Flocka Flame’s FLOCKA token exemplifies this dynamic, with allegations of insider trading casting a shadow over its debut. In this article we delve into the details surrounding the FLOCKA insider trading accusations, examining the timeline of events, expert opinions, and the broader implications for celebrity involvement in the crypto market. Waka Flocka Flame insider trading allegations The launch of Waka Flocka Flame’s FLOCKA cryptocurrency on June 17, 2024, was accompanied by immediate scrutiny due to suspicious transactional activity. Prior to the official announcement of the...

Binance will list ZKsync (ZK) on Monday, June 17. The exchange will add ZK/BTC, ZK/USDT, ZK/FDUSD and ZK/TRY spot trading pairs. Binance has also revealed a ZK distribution program targeted at users who meet set criteria. Binance plans to list ZKsync (ZK) on Monday, June 17, adding trading pairs for BTC, USDT, FDUSD and the Turkish Lira. In an announcement early Monday, Binance notified its users that deposit for ZK, the native token of the Ethereum Layer 2 scaling solution ZKsync, was now open. Per the announcement, the exchange will add ZK/BTC, ZK/USDT, ZK/FDUSD and ZK/TRY spot trading pairs on June 17 at 08:00 am UTC. Withdrawals open on June 18 at 08:00 am UTC. Binance announces ZK distribution program ZKsync’s airdrop distribution has elicited criticism and concerns from across the crypto community. Binance says it’s going to distribute ZK tokens to its users that meet certain conditions, including the criteria that “the claim address was not eligible for ZK tokens from...