Global

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.