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Fantom Foundation, the organization responsible for the development of the layer-1 (L1) blockchain Fantom, introduced the debut of Sonic Foundation and Sonic Labs on Wednesday.

Hong Kong-based cryptocurrency exchange Gate.HK is shutting down due to its failure to meet the local licensing requirements set to be enforced from June 1 onwards.

Shytoshi Kusama, the leader of the Shiba Inu (SHIB) project, expressed a sense of encouragement for the SHIB community after the SEC's significant approval of the first spot Ethereum ETFs. In a tweet dated May 24, Kusama hinted at the possibility of a Shiba Inu spot ETF while reaffirming his dedication to the continuous advancements within the SHIB ecosystem.

The Solana blockchain has emerged as a prominent player in the cryptocurrency arena, drawing attention for its impressive throughput and low transaction fees. Many experts see it as a formidable competitor to Ethereum's dominance.

Bitcoin is currently encountering resistance at its upper range, indicating potential short-term volatility. An analysis by Rekt Capital suggests that Bitcoin historically hasn't broken out of a re-accumulation range so soon after a halving event. With Bitcoin struggling against this high resistance, the cryptocurrency market appears uncertain.

Dan Gambardello, a prominent market analyst and founder of CryptoCapitalVenture, has identified Cardano (ADA) as a potential beneficiary following the SEC’s recent approval of spot Ethereum exchange-traded funds (ETFs).

Kabosu, the Shiba Inu who became famous as the face of the "Doge" meme and the Dogecoin cryptocurrency, passed away peacefully on May 24 at the age of 17.

BlackRock's spot Ethereum ETF, listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol $ETHA, follows the SEC's approval of eight spot Ethereum ETFs.

In a significant ruling this year, the United States Securities and Exchange Commission (SEC) has approved the introduction of spot Ether exchange-traded funds (ETFs) in the country.

The SEC's approval marks a turning point for Ethereum ETFs. While the launch date remains uncertain, this decision paves the way for a future where investors can easily add Ethereum to their portfolios. Stay tuned to financial news outlets and announcements from investment firms for the latest updates. The wait might be short-lived, and soon, Ethereum ETFs could be the new investment opportunity everyone's talking about.

Once again, meme coins are dominating the narrative as the crypto market enters the second phase of the bull cycle, overshadowing even Bitcoin's return to the $71,000 range.

Lending protocols offer a solution to this challenge by enabling DeFi users to deposit assets like ETH or BTC and borrow stablecoins, which can then be exchanged for other assets such as AI tokens, real-world asset (RWA) tokens, or meme coins.