Aurelia Butler

Broader crypto prices were also largely subdued, as traders remained biased towards the dollar amid waning optimism over interest rate cuts by the Federal Reserve this year.Bitcoin was down 1.2% in the past 24 hours to $68,354.5 by 07:49 ET (11:49 GMT), remaining within a trading range established over the past two months. But world no. 2 token Ether was trading near two month highs, up 2.2% to $3,897.5. The world’s second-largest crypto token saw a major boost over the weekend after the Securities and Exchange Commission approved applications from several major exchanges for the listing of ETFs that directly track the price of Ether. The approval now opens the door for the SEC to engage with fund operators including VanEck, ARK Investment Management and seven other issuers who have applied to list their spot Ether ETFs.Analysts expect the approval of spot ETFs to trigger a sharp rally in Ether, similar to one seen in Bitcoin after the approval of spot Bitcoin ETFs earlier this year. But Bitcoin has largely tread water in recent months after initial enthusiasm over the ETFs ran dry. Capital flows into Bitcoin ETFs were also seen stagnating in recent weeks. Fears of high for longer U.S. interest rates were a key point of pressure on crypto markets in recent weeks, especially after a string of Federal Reserve officials warned that sticky inflation will delay any plans to cut rates. This notion kept price moves in altcoins largely muted with XRP moving lower while SOL pushed higher.Meme token DOGE shed 1.6% while SHIB was up around 3%.Focus this week is squarely on PCE price index data- the Fed’s preferred inflation gauge.The reading is widely expected to factor into expectations for interest rates.Still, traders were seen largely pricing out bets on a rate cut in September, according to the CME Fedwatch tool. More

In a post on Truth Social shared shortly before his scheduled appearance at the Libertarian National Convention, the leading 2024 Republican candidate wrote: “I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field.” Trump asserted his support in his familiar capitalized letters. “There is no second place,” he added, contrasting his stance with President Biden’s, whom he accused of wanting the crypto industry to “die a slow and painful death.”The announcement highlights Trump’s message that he’s a crypto-friendly candidate and targets a core group of young male voters who are getting into digital assets. This came as Trump’s defense team rested in his hush money case in New York.Moreover, Trump’s campaign has set up a fundraising page that lets eligible donors contribute to its political committees using any cryptocurrency supported by the Coinbase (NASDAQ:COIN) exchange, in an effort to create a “crypto army” in the run-up to Election Day.Trump’s latest comments indicate a major change from his earlier doubts about cryptocurrencies. In a 2021 interview with Fox Business, Trump stated, “The currency of this world should be the dollar. And I don’t think we should have all of the Bitcoins of the world out there. I think they should regulate them very, very high.”However, Trump’s views on crypto appear to have evolved, especially following the success of his Trump-branded NFT trading cards. These NFTs, including the “Mugshot Edition NFTs,” offered holders unique perks such as the chance to dine with Trump after a trial date. Trump’s comments also come just before his speech at the Libertarian National Convention, where he needs to draw voters away from third-party candidate Robert F. Kennedy Jr., who is known for his pro-crypto and anti-regulation views.  More

HashKey Global announced the launch of LaunchPool and initiated the first project Polyhedra Network（ZK) pledge to earn campaign, aiming to create a new trading and participation model, enhance user engagement and loyalty, and provide a platform for promotion and development for emerging projects.HashKey Global’s Launchpool platform offers users an alternative cryptocurrency pledging solution. Users may pledge their existing cryptocurrencies to the pool and may redeem tokens at any time, adjusting their investment strategy flexibly to adapt to market changes. This platform not only provides projects with the opportunity for initial token distribution, enhancing their visibility, but also allows investors early access to innovative projects and potentially earning rewards through pledging.As the flagship global digital asset exchange under HashKey Group, HashKey Global provides licensed digital asset trading services to users worldwide (save for restricted countries and regions). HashKey Global has been granted a license from the Bermuda Monetary Authority (BMA). HashKey Global Launchpool is the first platform of its kind among globally licensed exchanges to offer pledging for new coins. HashKey Global’s Launchpool platform provides investor asset protection and compliance measures such as AML, KYC, and KYT.In recent times, Ethereum assets have gained further recognition in the market, with significant progress also seen in Ethereum Layer 2 networks such as Taiko, zkSync, Scroll, among others. HashKey Global Launchpool has launched its first project, Polyhedra Network (ZK), a star project based on zero-knowledge proofs interoperability protocol. It provides users with approximately 325,000 ZK tokens, valued at around $500,000 USDT in total, as rewards. The event runs from May 30th to June 4th, 2024.For more details users can visit: https://support.global.hashkey.com/hc/en-us/articles/14133227056796-Introducing-1st-HashKey-Launchpool-Polyhedra-Network-ZK-Stake-USDT-to-Earn-from-325-000-ZK-Prize-PoolAbout HashKey GlobalHashKey Global is one of the flagship global digital asset exchanges under HashKey Group, offering licensed digital asset trading services to users worldwide. HashKey Global has obtained a license from the Bermuda Monetary Authority with the potential to provide mainstream trading and service products such as LaunchPad, contracts and leverage trading.For more details, users can visit global.hashkey.comUsers can follow HashKey Global on Twitter, Discord and Instagram.Disclaimer: In compliance with local regulations, HashKey Global does not offer services to individuals in the United States, mainland China, Hong Kong, and certain restricted countries or regions. This material is for informational purposes only and is not intended to be distributed or relied upon by individuals in Hong Kong. This material does not constitute an offer to buy or sell any financial products, nor should it be considered as investment advice. Investing in digital assets involves risks. Investors should not make investment decisions based solely on this press release, but should carefully evaluate their suitability to participate in any investment products based on their own investment experience, investment objectives, financial situation, and other relevant conditions.ContactSenior PR ManagerLunaHashKey [email protected] article was originally published on Chainwire More