Global

Former President Donald Trump's recent interest in being recognized as the 'Crypto President' signifies a significant change in his stance on digital currencies. While Trump previously expressed skepticism about cryptocurrencies during his presidency, he now emphasizes the importance of the United States leading in the digital currency space.

It's uncommon for Litecoin (LTC) to surpass Ethereum (ETH) in any metric. However, on June 6, the number of active addresses on Litecoin's network surged dramatically by 75%.

As the dust settles on Ordinals Lisbon, held in May 2024, it's clear that this wasn't your typical cryptocurrency conference. It was an odyssey into the heart of a nascent movement, a gathering of minds grappling with the possibilities and complexities unleashed by Ordinals.

In recent months, many new memecoins have emerged and gained substantial popularity. Despite these new tokens capturing a significant portion of the market share, Shiba Inu (SHIB) has continued to grow.

Bitcoin (BTC) and Ethereum (ETH), two of the largest blockchains, continued to lead the NFT market in May. While this initially seemed promising, a closer look revealed that NFT sales volumes for both ETH and BTC had actually declined over the past 30 days.

OKX wallet transaction management has faced criticism due to an allegedly ineffective automated system that has caused transaction fees to skyrocket.

Venture Capital firm Nascent made a notable entry into the crypto space by purchasing 447.67 billion PEPE tokens for $5.48 million, taking advantage of the recent market downturn. This major acquisition demonstrates their "buy the dip" strategy, allowing Nascent to benefit from lower prices while strengthening PEPE's standing in their portfolio.

Chainlink (LINK), the decentralized oracle network supporting dApps, has been gaining significant attention in the cryptocurrency market. Following a notable surge, the digital asset is now aiming for further growth, with analysts forecasting a bullish trajectory and price targets reaching as high as $33.

Industry experts anticipate notable progress in the cryptocurrency sector in Hong Kong, suggesting the potential introduction of staking features for spot Ethereum exchange-traded funds (ETFs) within the coming year.

In May, Stronghold Digital Mining experienced a significant decrease in its monthly Bitcoin mining output, with a decline of 47.1% compared to April. During May, the company mined 82 BTC, contrasting with the 155 BTC mined in April. Similarly, revenues for May dropped by 46% to $5.2 million compared to the previous month.

The TON Foundation has revealed a collaboration with Tether aimed at expanding the availability of USDT on the TON blockchain to a wider range of crypto communities worldwide. Their strategy includes incorporating TON-based USDT into over a hundred exchanges and payment platforms across established and emerging markets within the next few months.

The cryptocurrency market experienced a downturn on June 7, with Bitcoin (BTC) dropping to $69,335 and Ethereum (ETH) to $3,684. This decline followed the release of better-than-expected United States employment data, contrary to predictions by analysts who anticipated weaker figures that would prompt a push for lower inflation and potentially drive Bitcoin to new highs.