Crypto is finally recovering! (but slowly) We all got a little jumpy a few days ago when Bitcoin took a nosedive on the back of a few FUD events. Especially since ETH ETFs just got approved a month ago, it felt like someone pulled the rug out from under our collective feet. After all, wasn't ETF approval supposed to be a bullish trigger? But clearly, the FUD is finally taking a break. Bitcoin is cruising above $61k again, Ethereum's holding strong, and even the meme coins are making gains again. Talking about good signs, Donald Trump has been talking up Bitcoin constantly. Word on the street is he's even considering making an appearance at the Bitcoin 2024 conference. So, let's discuss this event in detail and all other big stories that happened in crypto in the past 24 hours. Here is a quick rundown of the top headlines: |
- Bitcoin's back above $61k. Is this the start of a new bull run or just a bull trap? 🚀
- Blast's airdropping 17 billion tokens. Who can claim this airdrop? 💰
- Ethereum ETFs could launch next week. How are we so sure though? 😬
- Solana introduces "blinks" for easy transactions. Will this feature be safe to use?🔗
- ZKsync reveals "elastic chain" architecture. How can it help Zksync users? 🤔
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Let's dive in after the market overview! |
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| | GLOBAL MARKET CAP | | $2.26T | | ▲0.18% (24h) | | | 24H MARKET VOLUME | | $62.64B | | ▼27.11% (24h) | | |
| | BITCOIN'S DOMINANCE | | 53.41% | | ▲0.07% (24h) | | | FEAR & GREED INDEX | | 46 | | Neutral | | |
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 | Bitcoin | | | $61,342.51 | | ▲0.3% (24h) | |
|  | Ethereum | | | $3,375.33 | | ▲0.08% (24h) | |
|  | BNB | | | $573.35 | | ▲0.41% (24h) | |
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Data as of: 26 Jun 2024 11:50 UTC |
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Crypto Market Bounces Back |
After a rough couple of weeks, we're finally seeing some green across the board. Bitcoin's climbed back over $61,000, and Ethereum's holding steady above $3,400. This uptick didn't just make hodlers happy - it also caused some trouble for short sellers. Over $56 million in short positions got liquidated in the past 24 hours. Even memecoins are getting in on the action. Pepe and Dogwifhat are up more than 15%. But what's behind this volatility? And are these prices going to stay? Read the full story! |
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Blast, the Ethereum L2, is about to do an airdrop of around 17 billion BLAST tokens. So, who's getting a piece of this pie? If you've been using Blast, you might be in for a treat. The team's been keeping track of something called "Blast Points," and that's how they're deciding who gets what. Half of this initial airdrop is going to users of dapps in the Blast ecosystem. So if you've been playing around with Blast-powered apps, you might be in luck. Who else can claim this airdrop? Will there be another chance to claim these tokens? Read the full story! |
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And Something About Ethereum ETF Launch… 😒 |
VanEck, a big player in the investment world, just dropped a hint that Ethereum ETFs could be hitting the market real soon (finally). How soon? As early as next week. VanEck filed this thing called an 8-A form for their Ethereum Trust. Now, that might sound like boring paperwork, but it's actually a pretty big deal. It's one of the last steps before launching a new ETF. Now, here's where it gets interesting. Remember when Bitcoin ETFs launched back in January? VanEck did the same thing exactly seven days before that happened. So, if history repeats itself, we could be looking at a July 2nd launch for Ethereum ETFs. But this isn't quite the same as the Bitcoin ETF situation. Back then, everyone was on pins and needles waiting for approval. This time, Ethereum ETFs have already got the green light to list on exchanges. Now it's just a matter of dotting the I's and crossing the T's. Do we have any other indication of the ETH ETF launch? What about other big players that got ETF approvals? Read the full story! |
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Solana's New "Blinks" To Simply Blockchain |
The Solana Foundation just revealed a new feature called "Solana Actions" and "blinks." In simple terms, these are special links that let you perform Solana transactions right from any webpage. Here's how it works: these "blinks" can be shared across websites, social media, or even as QR codes in the physical world. When you click on one, you can do all sorts of blockchain stuff without ever leaving the page you're on. Want to buy an NFT? There's a blink for that. Tip a creator? Yep, that too. Vote in a DAO, stake your tokens, or swap some crypto? All possible with just a click. This isn't just for crypto enthusiasts either. The potential applications are huge. Think about crowdfunding campaigns that can accept crypto donations directly from a shared link. Or online stores that can process blockchain payments without any complicated setups. But what about security? Will this feature be safe to use? Read the full story! |
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ZKsync just rolled out a major upgrade called the "elastic chain" architecture, and it's part of their v24 update. But what is it exactly? In simple terms, ZKsync is moving from a single zero-knowledge rollup chain to a whole network of ZK chains. Think of it like going from a single-lane road to a multi-lane highway - more space, more flexibility, and hopefully, less traffic. One of the big changes is how their native bridge works. It's now more like a token vault, making it easier for all these new ZK chains to play nice with each other. The ZKsync team is aiming to make all these separate chains work together so smoothly that users won't even notice they're jumping between different networks. One wallet, one confirmation, no fuss. Is it already live and available to use? Read the full story! |
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| And that's a wrap. We will be back with more updates tomorrow! |
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