Cryptocurrency

The Liquid Gold, $BEER, has become the most discussed topic on Solana over the past two weeks. $BEER has skyrocketed into Twitter trends across Europe & Asia, captivating beer lovers worldwide.After amassing an incredible community of over 300,000 followers on Twitter, Telegram, and Instagram in just a few days, Beercoin launched a massive pre-sale with a hard cap of 30,000 $SOL, equivalent to $5 million USD. This target was achieved in a record time. Pre-sale participants who joined before the $3 million mark will receive a 20% bonus in $BEER, while those who entered before the $5 million mark will receive a 15% bonus.With the pre-sale concluded, the Beercoin team is planning to list $BEER on Raydium and other DEXes in coming days. Also, the team has pre-announced a massive marketing campaign for $BEER holders and promoters with prizes such as a private jet trip to Oktoberfest and brand-new Tesla (NASDAQ:TSLA) CyberTruck loaded with beer. $BEER is aiming to get into the league of the industry giants like $PEPE, $WIF, and $FLOKI, which are now dominating the top of memecoin charts with billions in market cap.For those who missed the pre-sale, there will be plenty of opportunities to acquire $BEER. Users can stay updated by following the official Beercoin website and social media channels.About $BEER$BEER is more than another coin, it works as the universal currency of enjoyment, bringing people together regardless of their ethnicity or social status.ContactDirectorHandzy MykhBeersol [email protected] article was originally published on Chainwire More

In a note to clients Wednesday, the investment firm reiterated a Market Outperform rating and $320 price target on Coinbase shares, with the target reflecting an ~11x EV/revenue multiple on JMP’s 2025E revenue expectation. “Over the past week, several notable events have developed around the digital asset industry that we estimate could create further catalysts for the broader space and in our coverage universe, could add to the positive momentum at Coinbase and, to a lesser degree Robinhood (NASDAQ:HOOD, MO, $30 PT), albeit still positive overall,” wrote analysts at JMP. They caution that, it is not completely clear yet the degree political winds are structurally shifting, although the firm notes that momentum has clearly moved closer toward bipartisanship with SAB 121 repeal resolution passing the House and Senate last week.Analysts also highlight other developments in recent days, including “the SEC’s apparent about-face on spot-ETH approval.”At the very least, analysts believe these developments individually have positive implications, and if the tide has truly shifted politically, they think the implications for the industry are transformative in the U.S., accelerating its move into the mainstream and creating a springboard for exponential expansion,” adds JMP. More

The fresh capital injection comes amid growing interest in liquid restaking, with the total value locked across leading platforms surpassing $4 billion. The latest round was led by SCB Limited, a proprietary trading firm based in the Bahamas, and Laser Digital, the digital asset arm of Nomura Global, who collectively invested $3.5 million. Other participants in the round included Bankless Ventures, Hypersphere, Draper Dragon, DACM, Cypher Capital, ArkStream, Cluster Capital, GSR, Longhash, Side Door Ventures, NOIA Capital, HTX Ventures, Avid3, ViaBTC Capital, DWF Ventures, Coinseeker, and many others.Dheeraj Borra, Co-founder of Kelp DAO, comments: “This fundraise propels our expansion in the market and sharpens our focus on building customer-centric solutions. It’s truly thrilling to have our investors share that vision.” Both Kelp DAO founders, Amitej Gajjala and Dheeraj Borra, voiced their gratitude for the investor support, which will drive Kelp DAO towards scaling new heights in restaking solutions.Kelp DAO plans to use the funds to upgrade its platform’s capabilities, expand to other ecosystems like Solana and Bitcoin, and further restaking solutions. This comes on top of the platform already boasting over $850 million in Total Value Locked (TVL) and more than 40,000 active restakers.The funding round includes support from notable angel investors in the crypto community, such as Scott, Cofounder of Gitcoin; Alex, CEO of Nansen; Sam K, Cofounder of Frax; Marc Zeller, from Aave Chan Initiative; Saurabh Sharma, from Jump Crypto; Amrit, COO of Altlayer; Anthony, Cofounder of Swissborg; and Winslow Strong from Mr. Block.Laser Digital CEO Jez Mohideen stated: “We are very excited to support Kelp DAO and the passionate team in its journey towards building innovative restaking infrastructure solutions.”Jack Platts, Co-founder of Hypersphere Ventures, added, “We’re excited by the prospect of restaking enabling more developer experimentation and use cases. Kelp’s proven team and focus on user experience is playing a key role in restaking’s early success. We look forward to the team executing on its vision of enhancing yields and optionality for ETH stakers.”The idea behind liquid restaking offered by Kelp and others is to allow ETH holders—whether holding native ETH or LST tokens—to invest and restake without losing access to the underlying capital. This is why it’s called “liquid” restaking.Kelp DAO’s liquid restaked token (LRT) was the first to hit the Ethereum mainnet, and currently offers service for native ETH and LSTs across Ethereum mainnet and eight L2 networks. More

World no.2 cryptocurrency Ether also gave up some gains after hitting an over two-month high, propelled by this week’s reports indicating some progress towards the approval of spot ETFs by the Securities and Exchange Commission. The regulator is set to make a hotly-anticipated decision on potentially approving the ETFs later this week.But warnings on sticky U.S. inflation and high-for-longer interest rates kept traders cautious towards crypto markets and also pulled Bitcoin back from recent gains.Bitcoin fell 2.1% over the past 24 hours to $69,763.0 by 08:48 ET (12:48 GMT).Ether fell 3% in the past 24 hours to $3,663.08 after nearing the highest level since early-March. The token surged as much as 18% on Monday.The surge was fueled by media reports suggesting that the SEC had asked exchanges to fine-tune their filings for spot Ether ETFs on Monday, ahead of a crucial decision on their approval later this week.The move marks some progress towards the approval of the ETFs, although the SEC could still deny the applications, given that it has not engaged with any of the applicants so far.Still, analysts said the SEC’s move reflected a greater probability of an eventual approval of a spot Ether ETF. The approval is expected to spark a rally in crypto prices, akin to that seen with the approval of spot Bitcoin ETFs earlier this year.The token had risen as far as $71,000 on Tuesday, before falling back into a $60,000 to $70,000 trading range seen over most of the past two months. Sentiment towards crypto, despite optimism over a spot Ether ETF, was still constrained by persistent concerns over U.S. interest rates.Several Fed officials warned this week that the central bank needed more confidence that inflation was coming down before it could begin cutting interest rates. Focus was now on the minutes of the Fed’s late-April meeting, for more cues on when the central bank could begin trimming interest rates. High for longer rates bode poorly for crypto markets, given that they limit the appeal of high-risk and highly speculative assets. Broader altcoin prices also cooled as Bitcoin retreated, while traders remained largely biased towards Ether in the altcoin complex. Resilience in the dollar also limited any major upside in crypto.Solana slipped 1.6%, while XRP shed 2.3%. Among meme coins, Dogecoin and SHIB each lost 2.8%.IBIT, BlackRock’s spot Bitcoin ETF, is witnessing increased activity after a few quiet weeks, as Bitcoin trades above the $70,000 level for the first time in a month.Specifically, IBIT saw inflows exceeding $290 million on Tuesday, according to preliminary data from Farside Investors, marking its highest single-day inflow this month and the largest since April 5. This figure is nearly three times the previous monthly high of $93 million recorded on May 16.As a result, IBIT’s total holdings have now surged to over $19 billion, as indicated on its product page.Tuesday’s inflows are notably large compared to earlier this month, where IBIT saw low or zero inflows before May 15. In April, IBIT recorded its first-ever day of outflows, contributing to some bearish sentiment for Bitcoin at the time.Elsewhere, asset manager WisdomTree has received approval from the Financial Conduct Authority (FCA) to list crypto exchange-traded products (ETPs) on the London Stock Exchange (LSE).WisdomTree said that it is among the first applicants to have its prospectus approved by the U.K. regulator.The Physical Bitcoin (BTCW) and Physical Ethereum (ETHW) ETPs are set to begin trading on May 28, available exclusively to professional investors. These ETPs will carry fees of 35 basis points, according to the announcement made on Wednesday. More

$SHARE on Solana is utilizing blockchain technology to aim for the transformation of positive impact into viable investment opportunities. As the first decentralized impact fund, $SHARE gives investors the opportunity to drive meaningful global change while potentially achieving financial growth. Representing the future of finance, stakeholders aim to grow their investments while fueling meaningful impact across the globe by the collective.$SHARE (@shareon_crypto on X) isn’t just another cryptocurrency; it is a community-driven initiative redefining the potential of capital for societal good.At its core, $SHARE is a store of value fueling change.What sets the Share Foundation apart is its unique token protocol, which aims to raise funds for positive impact as the market cap valuation grows. As the $SHARE ecosystem flourishes, so does its capacity to drive change. The Share foundation operates under the guiding principle of community-led decision-making. Every decision and allocation is determined through a democratic process, with the community voting for the positive impact projects they believe in.Just two months into the project, the Share Foundation has already funded the construction of a clean-water facility in Kenya, which will provide stable access to potable water for the entire Muchemo community. This project will begin construction in late June in collaboration with The Water Project which will be responsible for the infrastructure’s development and maintenance.Additionally, the Share Foundation also partnered with Watsi to cover the surgical care costs of 12 patients from 5 different countries. The recipients of this funding ranged from 5-year-old kids with chronic conditions, parents with severe injuries, and elders that have been unable to attain medical attention for many years. The Share token reached a significant milestone, deploying over $10,000 at only $1 million market cap. Such impact is tangible; through partnerships with organizations like Pencils of Promise, The Water Project, and Watsi, $SHARE is making a difference where it matters most: education, access to water, and healthcare.At the time of writing, $SHARE has reached a $2.6 million market cap and has raised two rounds of funding, a cumulative amount of $28,000 destined for positive impact projects. Share team invites users to join the ‘share’ holder community and be part of a new socioeconomic system generating capital to impact the lives of many for the better.The Share community has a vision of a better world, one where financial prosperity and positive impact are interlaced. $SHARE gives the ability to make change.It’s time to change the world through crypto.About Share Share on Crypto is a decentralized crypto token [$SHARE] that fuels positive impact contributions as it grows in market cap. It is a store of value focused on changing the world by investing in positive impact and currently operates on the Solana blockchain.TG: https://t.me/shareoncryptoWebsite: www.shareoncrypto.comFor partnerships and to receive funding, users can e-mail [email protected] [email protected] article was originally published on Chainwire More

However, despite the bullish sentiment, renowned trader John Bollinger, the creator of the widely used Bollinger Bands, has expressed caution regarding the immediate future of the major cryptocurrency.Bollinger Bands are a popular indicator among traders that help identify volatility and potential price reversals by plotting standard deviations above and below a simple moving average. Recently, Bollinger noted a concerning pattern on Bitcoin’s price chart, indicating a potential pullback or consolidation period. He highlighted the appearance of a two-bar reversal at the upper Bollinger Band, which often suggests a temporary market correction.Although the analysis suggests a short-term concern, he remains optimistic about Bitcoin’s long-term prospects. His cautious stance is rooted in technical indicators rather than a fundamental bearish outlook. Bollinger’s perspective reflects current market sentiment, where optimism about Bitcoin’s future growth is tempered by awareness of potential short-term volatility.While John Bollinger’s short-term concerns highlight the need for caution, his enduring confidence in Bitcoin’s overall bullish trend underscores the cryptocurrency’s position. As BTC approaches its all-time high, the balance between optimism and caution will be crucial for crypto enthusiasts navigating this market.This article was originally published on U.Today More

Solv Protocol, a unified yield and liquidity layer for major digital assets, has surpassed $1 billion in Total Value Locked (TVL), cementing its position as the 32nd largest decentralized finance (DeFi) protocol according to DeFiLlama rankings.Solv has launched SolvBTC on Arbitrum, BNB Chain, and Merlin Chain. The protocol is building an ecosystem where users can bridge SolvBTC to farm points in new chains’ points programs, such as a 1.5x multiplier in zkLinkNova’s Aggregation Parade. Additionally, Solv has also introduced the Solv Point System, where users can exchange points for SOLV token airdrops to incentivize engagement.About SolvSolv Protocol is backed by strong investors, including Binance Labs, Blockchain Capital, Laser Digital, and other renowned firms. The protocol has also undergone extensive security audits by leading firms such as Quanstamp, Certik, SlowMist, Salus, and Secbit.For more information about Solv Protocol and its products, please visit the official website at solv.finance.Website | dApp | X | Telegram | Discord | LinkedIn | GitHub ContactEthean [email protected] article was originally published on Chainwire More

Nevertheless, the chances of a major “buy the rumor, sell the fact” reaction for ETH seem lower compared to Bitcoin, according to a recent Citi report.Bitcoin dropped 17% after ETF approval due to the hype and leveraged bets. In contrast, the potential approval of an ETH ETF has been less expected, leading to less extreme pre-positioning, the report says.Upon the release of these reports, ETH futures open interest (OI) and funding rates were subdued compared to previous months. However, OI has started to increase, indicating rising anticipation of a potential ETF approval. Net flows into Bitcoin ETFs have been a major driver of returns since their launch in January, explaining much of the cryptocurrency’s performance. This trend is likely to continue with the introduction of ETH ETFs, indicating that overall crypto ETF flows will remain important for returns.Reports indicate that robust conversations are ongoing behind the scenes between regulators and ETF providers, which include nine fund providers with applications pending at various stages. Past approvals for Bitcoin ETFs suggest that simultaneous launches for ETH ETFs are likely.Historical data from Citi shows that net flows into spot Bitcoin ETFs materially influence cryptocurrency returns. For instance, net BTC ETF inflows totaled $12.9 billion through May 20, translating to a roughly 6% rally in Bitcoin per $1 billion of flow. Assuming similar market-cap-adjusted flows for ETH, estimated inflows could range between $3.8 billion to $4.5 billion, potentially driving ETH prices up by 23-28%.Several factors could impact these estimates, including differing demand for ETH compared to BTC, rotation from BTC to ETH among existing ETF holders, outflows from existing ETH funds upon conversion, and rapid positioning build-up ahead of SEC approval.In the long term, Citi analysts said that Bitcoin and Ethereum are expected to remain highly correlated, driven by macroeconomic factors. Despite differing on-chain activity and potential use-cases, such as Bitcoin’s role as “digital gold” and Ethereum’s smart contract functionality, sentiment, adoption, and further use-case development remain crucial for both cryptocurrencies.”We expect the major tokens to remain highly correlated and continue to be driven by macro forces over the longer term,” Citi memo concludes. More