Global

Toncoin (TON) struggled to establish a new all-time high despite its efforts to surpass the critical resistance level of $7.0. The probable cause behind this setback is the diminishing optimism among investors, reflected in their behavior.

Optimism has swept through the Shiba Inu community as the native cryptocurrency's burn rate witnessed a sharp increase.

Polygon, the Ethereum scalability solution addressing the network's scalability challenges, has reached a significant milestone: 4 billion total transactions. This accomplishment stands out, especially considering that the network was launched merely four years ago in June 2020.

Tether, the largest issuer of stablecoins globally, has generated an extra 1 billion USDT tokens on the Ethereum blockchain, sparking discussions about a possible surge in the market. This development aligns with the crypto community's keen anticipation of the U.S. Securities and Exchange Commission's (SEC) impending decision regarding a spot Ethereum exchange-traded fund (ETF), slated for later this week.

The cryptocurrency community is eagerly awaiting news regarding the potential endorsement of a spot Ethereum ETF by the US Securities and Exchange Commission (SEC).

The emerging PoliFi crypto sector, where politics, finance, and cryptocurrency intersect, has generated a new wave of millionaires as a token associated with Donald Trump experienced a surge in value over recent weeks, as indicated by analysis from on-chain data provider Nansen.

Investment activity in crypto and blockchain start-ups is surging, with the first quarter of 2024 witnessing a total investment of $2.52 billion, a notable 25% increase from the previous quarter, as reported by PitchBook.

Despite the prolonged duration of this process, even the most vocal critics of the cryptocurrency market have begun to participate, especially during the 'crypto winter'. However, 2024 has emerged as the year of institutional adoption of cryptocurrencies.

RNDR appears ready to surpass the upper boundary of an ascending triangle, extending its recent uptrend. With a 10% increase in price over the past 48 hours, should the ongoing broader market momentum persist, bullish forces could propel RNDR above this resistance threshold.

Some top analysts on Wall Street are suggesting that the US Federal Reserve's potential shift in stance on inflation could serve as a catalyst for a significant surge in the cryptocurrency market, potentially amounting to trillions of dollars. This forecast is driven by the anticipation of about $6 trillion in sidelined capital returning to the market as the Fed eases its hawkish stance.

Gala Games has received approximately $22 million worth of Ether (ETH) from the individual responsible for a security breach on May 20. During the incident, around $200 million worth of Gala (GALA) tokens were minted, with a small portion sold before the wallet was frozen.

The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has completed its investigation into the Worldcoin project, concluding that the project's activities in Hong Kong violated the territory's Personal Data (Privacy) Ordinance (PDPO).