Author: Benjamin Lee

Chainlink (LINK) co-founder Sergey Nazarov says major financial institutions around the world are primed to start utilizing his project soon. Nazarov notes in a new YouTube video that the decentralized oracle network is arriving at a point where financial institutions have been reaching out for help with various projects. “At this point, I’ve been – between last year and this year so far – almost everywhere. Last year, we covered a lot of Asia, the Middle East, Australia, many of the top environments where cryptocurrencies and blockchains are getting adopted. This year, with the new stance on regulation in the…

A widely followed crypto analyst says that layer-1 blockchain Sui (SUI) is gearing up for a massive breakout to fresh all-time highs. In a new thread, pseudonymous crypto trader Kaleo tells his 703,900 followers on the social media platform X that SUI is suddenly presenting a major buying opportunity. He says that the recent $223 million hack of the Cetus Protocol, a decentralized exchange (DEX) operating on the Sui network, caused SUI’s value to decline, but ultimately gave bulls a chance to position themselves for the next leg up. “Remember last cycle how many times SOL was declared dead because…

The Nasdaq has updated its crypto index to include XRP, Stellar (XLM), Solana (SOL) and Cardano (ADA). The Nasdaq Crypto US Index (NCIUS) aims to measure the performance “of a material portion” of the overall digital asset market, per the Nasdaq Global Indexes website. The index originally tracked only Bitcoin (BTC) and Ethereum (ETH), but earlier this month it added the other four crypto assets. The financial firm Hashdex called attention to the change in a new filing with the Securities and Exchange Commission (SEC). The firm offers an exchange-traded fund (ETF) that tracks the NCIUS, but it can only…

Institutional crypto investment vehicles enjoyed nearly $225 million in inflows last week, according to CoinShares. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that last week’s institutional crypto inflows, while positive, have fallen significantly in the last two weeks, perhaps due to uncertainty on US monetary policy. “Digital asset investment products saw US$224m in inflows last week, extending this 7-week streak to US$11bn. However, there has been a noticeable deceleration amid uncertainty over monetary policy, with investors adopting a wait-and-see stance ahead of further signals from the US Federal Reserve on inflation.” Source: CoinShares Regionally, the US led…

Coinbase has added the native altcoin of the top decentralized exchange (DEX) to its listing roadmap. Coinbase’s customers may soon be able to trade PancakeSwap (CAKE), the native asset of PancakeSwap, a DEX originally built on the BNB Chain. PancakeSwap has expanded to multiple blockchains and now leads all decentralized exchanges in trading volume, recording $228.03 billion in the past 30 days compared to Uniswap’s (UNI) $95.706 billion, according to DeFi Llama. PancakeSwap also recently set its monthly record with $173 billion in trading volume in May. The roadmap addition, announced on Wednesday, has not boosted CAKE’s price: The 116th-ranked…

A widely followed crypto analyst says that Bitcoin (BTC) is gearing up for a massive breakout after correcting to the $100,000 level. In a new strategy session, crypto trader Michaël van de Poppe tells his 790,900 followers on the social media platform X that Bitcoin is now likely on the verge of breaking through the resistance level at $105,800. “Bitcoin is about to break back higher, as we’ve taken all the liquidity and it’s quickly being absorbed. These levels should usually be the end of the correction.” Source: Michaël van de Poppe/X He also says that Bitcoin is exhibiting market…

A zero-knowledge (ZK) proof altcoin is skyrocketing after gaining support from the top US-based crypto exchange platform, Coinbase. In a new announcement, Coinbase says it is adding Lagrange (LA) to its suite of products with an experimental label designated for low-liquidity tokens. “Lagrange is now live on [Coinbase] in the Coinbase iOS and Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” After the announcement, LA surged from a price of $0.253 on June 4th to a peak of $1.50 just a day later, a staggering 216% gain…

Bitcoin’s price is tumbling as President Trump and Elon Musk’s battle over a trillion-dollar spending bill spirals out of control. In the last several hours, Trump has threatened to cut Musk’s government subsidies and contracts, while Musk claimed the President is named in the Jeffrey Epstein files. The turmoil pushed US markets slightly lower, triggered a 14% drop for Tesla (TSLA), and fueled a sharp drop in the price of Bitcoin, from a 24-hour high of $105,733 down to $100,900 at time of publishing. According to the crypto data aggregator Coinglass, a total of $621.55 million has been liquidated from…

A widely followed crypto analyst is warning traders to stay away from Bitcoin (BTC) in the short term, while updating his outlook on a surging Ethereum (ETH)-based altcoin. In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 247,600 followers on the social media platform X that the top crypto asset by market cap has seen “cancerous” price action during the last few days. “Cancerous price action for BTC the last few days, better to stay away from the market if in active trades (impossible).” Source: Altcoin Sherpa/X According to Sherpa, the flagship digital asset could dip down to…

Economist Henrik Zeberg believes that the most explosive phase of the altcoin market is about to kick off. Zeberg tells his 182,800 followers on the social media platform X that the altseason, when altcoins outperform Bitcoin (BTC), is just getting started, and massive alt breakouts are likely to occur in the coming days. He says the Ethereum (ETH/BTC) ratio is flashing bullish for altcoins, after increasing since tapping a local low in late April. Analysts often use the ETH/BTC ratio as an indicator of potential altcoin seasons. “Altseason has already started. First slowly, later in a more explosive manner. I…