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TON and NEAR are among the few altcoins in the red now.
GameStop-themed memecoins GME and Roaring Kitty spiked 10% and 42%, respectively, in the past 24 hours. In the same period, GameStop’s stock fell around 20% to $22.22 per share. The firm posted net sale losses in first-quarter preliminary results on Friday.
May spot bitcoin ETF inflows have already made up for April’s negative outflows, notes senior ETF analyst Eric Balchunas.The last two months exhibit why traders shouldn’t get “emotional” over inflows and outflows; it’s a “part of ETF life,” he adds.
Zksync said Friday in an X post that it would soon roll out its v24 upgrade, as it aims to further decentralize its protocol this summer. The announcement fueled rumors that an airdrop from the Layer 2 solution could come as early as June.
The macro environment remains a key driver for crypto performance, evidenced by the rebound in bitcoin prices after April’s softer CPI print, a Coinbase report said.
Bitcoin is dishing out the bull signals on lower timeframes, but can BTC price action overcome key resistance?
- 10:43In December 2024, the combined spot and derivatives trading volume of CEX reached a record high of 11.3 trillion US dollarsAccording to Cryptonews, the latest market report from CCData shows that by December 2024, the total trading volume of spot and derivatives on centralized cryptocurrency exchanges (CEX) reached $11.3 trillion (up 7.58%), setting a new historical high. The trading volume of crypto derivatives also surged significantly, increasing by 7.33% to reach $7.58 trillion, setting a new monthly high for derivative trading volumes. CCData pointed out that liquidation volumes have soared as traders try to profit from market volatility. The trading frenzy in December coincided with Bitcoin's historic rise; on December 5th, Bitcoin broke through the $100,000 mark for the first time and reached its peak at $108,249 on December 17th. Pierre Rochard, Vice President of Research at Riot Platforms stated that this surge marks a significant reversal after two consecutive years of declining trade volumes since 2021. During the bull market period in 2021, Bitcoin's trading volume peaked at $47 trillion but then fell sharply over subsequent years.
- 10:29Sonic Labs Releases Details of S Token Airdrop ProgramOn January 15, Sonic Labs (formerly Fantom) released the details of the S token airdrop plan. Users can obtain points through three ways: The first category is passive points, which users can obtain by holding whitelisted assets in Web3 wallets (such as Rabby, MetaMask and hardware wallets), but centralized exchange holdings are not counted; The second category is activity points, which are obtained by providing whitelisted assets as liquidity in participating projects; The third category is DApps points, where developers can compete for allocations called "Sonic Gems" and distribute S tokens to users through a custom points plan. The project party emphasized that the first two types of points have nothing to do with the specific applications used, and users can increase their income by finding applications with the best points plan. Among them, scUSD and scETH are provided by Rings Protocol.
- 10:27A new wallet withdrew 2884 ETH from CEX, equivalent to about 9.57 million US dollarsAccording to Lookonchain monitoring, 30 minutes ago, a newly created wallet withdrew 2884 ETH (9.57 million USD) from CEX.