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Former President Donald Trump has reiterated his support for cryptocurrencies, aiming to position himself as the "crypto president" during a recent fundraiser
Arbitrum has approved the distribution of $215 million in ARB tokens to support gaming innovation on its platform. This move aims to foster growth and development in the blockchain gaming sector
The Portal project has been highlighted as a new cross-chain gaming platform, integrating over 200 blockchain games using the LayerZero omnichain protocol. This project is seen as an innovative step in the gaming and crypto sectors
Bitcoin's price has settled around $69,000 after experiencing a dip that wiped out $1.3 billion in open interest. This volatility is attributed to better-than-expected U.S. job data and a slight reduction in BTC supply held by large holders #BTC #bitcoin
The European Union's Markets in Crypto-Assets (MiCA) legislation was published in the Official Journal of the European Union. This marks the start of a countdown for the law to come into full effect by December 30, 2024. MiCA aims to create a consistent regulatory framework for crypto assets across EU member states, addressing issues such as registration, authorization, and security requirements for stablecoin issuers and cryptocurrency custody services #bitcoin #ethereum
WING: Trading at $7.39, up 12.14% TRU: Trading at $0.21526, up 7.5% FIL: Trading at $6.42, up 7.15% KNC: Trading at $0.7259, up 6% DUSK: Trading at $0.449, up 25.55%.
Market Overview Starknet (STRK) is gaining attention as a Layer-2 scaling solution for both Ethereum and Bitcoin, utilizing Zero-Knowledge (ZK) technology to enhance blockchain security and scalability. The project's focus on expanding its use cases and building strong partnerships positions it as a significant player in the crypto space. Current Price and Market Cap As of now, Starknet is priced at $1.19 with a market cap of $1.54 billion. The 24-hour trading volume stands at $247.67 million. The price has decreased by 10.44% in the last 24 hours, reflecting recent market volatility. Price Prediction Scenarios 2024 Predictions: Minimum Price: $1.27Maximum Price: $2.00Average Price: $1.81 2025 Predictions: Minimum Price: $2.10Maximum Price: $3.00Average Price: $2.65 2026 Predictions: Minimum Price: $3.71Maximum Price: $4.48Average Price: $3.81 2027 Predictions: Minimum Price: $5.33Maximum Price: $6.50Average Price: $5.49 2030 Predictions: Minimum Price: $17.35Maximum Price: $20.55Average Price: $17.84 Technical Analysis Technical indicators suggest a bearish trend for Starknet in the short term: Moving Averages: Both the 50-day and 200-day moving averages are sloping downwards, indicating a weak trend.Relative Strength Index (RSI): Currently within the 30-70 neutral zone, suggesting a neutral price trend. Strategic Insights Starknet's unique value proposition as a Layer-2 solution that scales both Ethereum and Bitcoin makes it a compelling project to watch. Its focus on Zero-Knowledge proofs enhances security and scalability, which is crucial for the adoption of blockchain technology. Investment Considerations Risks: Market Volatility: High fluctuations in crypto markets can lead to significant price changes.Regulatory Uncertainty: Changes in regulations can impact Starknet's adoption and growth. Rewards: Growing Adoption: Starknet's focus on both Ethereum and Bitcoin can drive increased demand for its solutions.Technological Advancements: Continuous innovation and strong partnerships can enhance Starknet's market position. Conclusion Starknet's strong fundamentals, innovative approach, and expanding use cases position it well for future growth. However, investors should consider market volatility and conduct thorough research before making investment decisions.
Fantom Foundation: fUSD exchange website and contract are now online, and the exchange will last for a week
Exchange Launch: Users can exchange USDC.e for fUSD at a 1:1 ratio for a week. Penalties: Post-exchange period, positions with collateral below 300% will be liquidated with a 10% penalty. $FTM
The total DeFi TVL of the entire network hit a 15-month high, with Ethereum accounting for 68% Growth: DeFi applications' TVL increased by 17% in May to $192 billion, the highest since February 2022. Ethereum's Dominance: Ethereum accounts for 68% of the total DeFi TVL, reaching $130 billion.User Activity: Despite the increase in TVL, the number of independent active wallets fell by 21% to 1.75 million.