Crypto.news

Ronin Network migrates to Chainlink's Cross-Chain Interoperability Protocol, enhancing security and accessibility for gamers and developers.

TRUMP coin has rallied 73% on gala dinner excitement, but once supply starts unlocking in July, will holders face steeper risks than they realize?
Table of Contents
TRUMP coin stages a stunning comeback
Dinner with Trump becomes crypto’s hottest ticket
Trump entities profit from trading, not

Nous Research, a decentralized AI startup, received $50 million from Paradigm to build a decentralized AI model on Solana. Utilizing the Solana blockchain, the project aims to train open-source large language models, challenging existing AI players. The team embraces the incentive mechanism of crypto to encourage contributors to provide GPU power for model training. The investment values Nous Research at $1 billion, underlining the growing interest in decentralized AI.

Ethereum's price has dropped by 56% this year, performing poorly compared to BTC and SOL. Despite concerns about its future, Ethereum remains strong with high transaction volumes, total value locked, and an increasing number of holders. Technical analysis shows a rebound with potential gains if it breaks above $2,150.

Scaramucci warns about US tariffs impacting the economy but benefiting Bitcoin. He suggests that in a recession, Bitcoin may act as a hedge against inflation. The US, Europe, and China could all face negative consequences due to tariffs.

PENGU price surged 38% in 24 hours, breaking out of consolidation. Indicators show bullish momentum, with resistance levels eyed at $0.015 and $0.022. Potential ETF approval could further drive price increase.

OKX CEO Star Xu announced the upcoming launch of Pay Wallet to drive crypto adoption. The keyless wallet integrates with Ethereum Layer2 network for USDC and USDT payments, DeFi, and features like chat. Positive responses were received from industry figures.

Ondo Finance's market capitalization has surpassed $3 billion after meeting with the SEC to discuss tokenizing U.S. financial assets. The price surge to $1.01, a 16% increase, was accompanied by a 147% rise in trading volume, indicating growing interest in the project. The positive impact of the news is evident as key indicators suggest a short-term uptrend, although caution is advised due to disagreements among longer-term moving averages.

Canada's Ontario Securities Commission warns of rising AI-powered crypto scams targeting investors, leading to increased fraud and losses. The commission plans to focus on high-impact cases to protect investors from deception in the crypto space amidst regulatory tightening.

Celsius Network investors seek life sentence for CEO Alex Mashinsky due to the company's collapse. Mashinsky faces fraud charges, with victims urging the harshest punishment. Some suggest leniency if stolen funds are returned. Mashinsky's lawyers request one year, while probation officers recommend 15 years. Prosecutors haven't finalized their recommendation yet. Mashinsky withdrew $12 million in crypto before the bankruptcy. Celsius, founded in 2018, managed $10 billion in assets by 2021 but collapsed in 2022.

Citigroup predicts stablecoin regulation could lead to over $1 trillion in Treasury demand by 2030, making issuers major U.S. debt holders. However, Citigroup also warns of risks such as run-risk and geopolitical challenges.

Despite concerning headlines of fresh tariffs, fractured alliances, and looming recession fears, there are still strong reasons for investors to remain positive, according to Nigel Green, CEO and founder of deVere Group.
In a note sent to crypto.news, Green pushed back against the bearish

SUI price surges 18% in 24 hours with an 8% increase in Sui Network's total value. The rise continues due to bullish patterns, pointing towards potential targets at $3.85, $4.55, and $5. Key catalysts include memecoin trading surge and a partnership for a virtual Mastercard.

ARK Invest, led by Cathie Wood, forecasts Bitcoin to reach up to $2.4 million by 2030 based on various scenarios and factors like institutional investment and emerging market adoption. The investment firm is optimistic about Bitcoin's long-term potential despite its volatility.