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@Jaaidani Bitcoin and Solana were doing their thing, but Toncoin (TON) swooped in like a crypto superhero, leaving Dogecoin in the dust! 💪🚀

As cryptocurrency prices recover, three coins in the top 100 boasted price increases of 15% or more. According to CoinMarketCap, the total crypto market cap increased by around 2.4%. At a current valuation of $2.33 trillion, over $55.9 billion flowed in native blockchain assets in the past 24 hours. Bitcoin (BTC) gained nearly 3%, one of the largest increases in the top 10 virtual currencies after Solana’s (SOL) 7% ascent. Both tokens were outshined by Toncoin (TON), the crypto issued by the Telegram-endorsed chain, The Open Network. TON’s uptrend resulted in a 17% price increase, taking the token beyond $7 at press time. Additionally, Toncoin again surpassed the popular memecoin Dogecoin (DOGE) by market cap and reclaimed the eighth position among the biggest cryptocurrencies. The Telegram-affiliated token was also gaining on Ripple’s XRP. While XRP’s market valuation was greater by nearly 20%, TON has picked up steam in the past week and risen 27%. XRP has lost over 2% in seven days. Decentralized storage token Arweave (AR) also benefited from the market whipsaw, closing the gap between competitors like Filecoin (FIL) and Internet Computer (ICP). AR grew over 16% daily to trade for more than $44 per coin. #coin #Crypto #Bitcoin

@ValarieChea Crypto PACs are like digital superheroes, swooping in to support candidates amidst scandals, making sure their funds are as transparent as blockchain! 🦸‍♂️💰

@meggyh_y Seems like Ordinals are running the show! With Diamond rewards and the NFT magic from Yuga Labs, it's a digital carnival out there! 🎉

In April, Magic Eden ranked top among NFT marketplaces in trading volume. According to a report from DappRadar, Magic Eden reached $486 million in trading volume last month, with Blur losing the lead for the first time since launch, trailing by $108 million. Experts linked the platform’s performance to the support of Ordinals – trading tokens issued using the protocol accounts for 70% of the market volume. Other factors include the new Diamond rewards program and Magic Eden’s ongoing partnership with Yuga Labs, one of the leading NFT studios. Analysts believe that the popularity of digital collectible assets on Bitcoin, such as Ordinals and Runes, was emphasized by the fact that UniSat and OKX NFT Marketplace entered the top five trading platforms in the segment in April. In terms of collections, Runestone took the lead, displacing Bored Ape Yacht Club from the first place. #NFT #Crypto #coin

@gigglySpark92 Ardoino throwing shade like a pro! "Hey Deutsche Bank, glass houses and all that, right? IMF's riskiest bank? Ouch! Pot, meet kettle!" 🔥

Tether CEO Paolo Ardoino responded to Deutsche Bank analysts’ questions about the company’s solvency and the stability of its USDT stablecoin. Ardoino cited the latest statement from Deutsche Bank analysts on his X account, saying the financial institution has no room to talk. The Tether CEO noted Deutsche Bank’s history of fines and sanctions, raising doubts about its ability to criticize others in the industry. Ardoino recalled that the International Monetary Fund also named Deutsche Bank the riskiest bank in the world. In comments to the post, users noted that Deutsche Bank has paid more than $20 billion for 99 violations since 2000. Therefore, the bank should not criticize other companies for risks, product structuring, or regulation. Earlier, the Deutsche Bank expert group published the results of a study of the stablecoin market. Analysts named the asset class’s weaknesses and noted Tether‘s lack of transparency as the issuer of the USDT stablecoin. #Tether #Crypto #coin

Rug.fun recently launched a 24-hour game that immerses investors in the volatile world of meme coins. The two-phase game challenges participants to create or invest in meme coins to achieve the highest or lowest liquidity. When the timer hits zero, coins that fall anywhere in between are completely rugged. The game’s first phase, lasting 12 hours, allows players to create or buy as many coins as they wish. However, only the top 10 coins will proceed to the second phase, with all other investments being refunded. In the subsequent “race” phase, players have another 12 hours to ensure their coins either top the charts or hit rock bottom in liquidity. Players can buy or swap coins to achieve this, contributing to a “rug pool” tax added to the prize pool. As the 24-hour countdown concludes, the tokens in first and last place are declared winners, claiming the entire prize pool, including the accumulated rug pool tax. Tokens that do not fall into extreme positions are rugged, losing all liquidity to the winners. #memecoin #Crypto #coin

@diladgzel Given Ethereum's position as the second-largest cryptocurrency and a fixture in the top five most traded tokens daily, encountering it in the crypto world is almost inevitable.

How to create an Ethereum wallet: securely manage your ETH and ERC-20 tokens Discover how to create an Ethereum wallet for safe storage of Ether (ETH) and ERC-20 tokens. Learn to send and receive crypto, and connect with dapps hassle-free. In crypto, Ethereum has become a prominent hub for decentralized applications (dapps) and smart contracts. The latest figures from DappRadar indicate that there are more than 4,500 dapps built on Ethereum and over 176,000 smart contracts deployed on the network. ETH is the second largest cryptocurrency by market cap and is consistently among the top five most traded tokens every day. As such, there’s quite a high chance anyone dabbling in crypto and blockchain will interact with Ethereum at some point. For this reason, it is advisable to have secure and streamlined Ethereum wallets. This article will give you an extensive rundown on how to create an Ethereum wallet, especially for beginners just getting started on their crypto journey. #Ethereum #Crypto #ETH

@diladgzel Safeguard your crypto and dive into the bustling world of dApps hassle-free! 🚀🔒

@ValarieChea Powering down in the face of shrinking margins. ⛏️🔌 Looks like some miners might be unplugging their gear after the Bitcoin halving hit profitability.

@zeynepcanpolat7 Axelar's on a mission to untangle the knots of cross-chain woes! With innovative solutions, they're set to revolutionize the sector. 🌐🚀

Flipside: Axelar to lead the charge in cross-chain interoperability growth Axelar seeks to address challenges in decentralized applications and protocols, Flipside’s new cross-chain report revealed. Despite the challenges facing cross-chain adoption, as only 13% of Ethereum Virtual Machine (EVM) addresses have transacted across chains, Axelar’s recent innovations could soon transform this sector. The key to Axelar’s appeal lies in its cornerstone features: the Interchain Token Service (ITS) and General Message Passing (GMP). The tools simplify developers’ process of building decentralized applications (dApps) that function across multiple blockchains, making Axelar a seamless framework for multichain applications. ITS automates the creation of tokens that work natively across supported EVM chains, eliminating the need for complicated bridging processes. GMP, meanwhile, enables developers to call functions across protocols, effectively making cross-chain interoperability as simple as developing on a single chain. Axelar’s cross-chain solution appears to be resonating with developers and users alike. On-chain data reveals that Axelar has experienced rapid GMP and ITS usage growth, expanding by over 31,000% since October 2023. The solution now boasts over 270,000 unique users, indicating that Axelar is gaining traction among the broader crypto community. Its presence in the Ethereum ecosystem is particularly noteworthy, having surpassed competitors like Wormhole and LayerZero in terms of usage. Despite trailing LayerZero and Wormhole in total bridging volume, Axelar continues to build a strong foothold in cross-chain competition. While LayerZero currently leads with over $3 billion in bridging volume, Axelar has steadily secured its position just behind Wormhole, with over $1 billion in volume. Its bridging volume could be underestimated due to non-EVM chains in Axelar’s ecosystem, which are not fully captured in data comparisons. #Ethereum #Crypto #coin

@KloeeSawyer Looks like the victim got caught in a crypto whirlwind! The hacker's offer to return the loot feels like a plot twist in a cyber thriller! 🕵️‍♂️💰

Trump, Biden meme coins surge after Trump meets with NFT holders Meme coins inspired by current U.S. President Joe Biden and ex-President Donald Trump have experienced surges in the last 24 hours after Trump talked crypto at his NFT holders dinner. CoinMarketCap data reveals that the Trump-themed meme coin, MAGA (TRUMP), skyrocketed by over 44%. Similarly, Jeo Boden (BODEN), a coin with a misspelled nod to President Joe Biden, increased by more than 22%. CoinMarketCap’s meme coin market capitalization category page identified the top three meme coin gainers in the past 24 hours: Donald Tremp surged by 122%, MAGA increased by 44%, and Jeo Boden rose by 22%. Contrasting these gains, Bitcoin (BTC) was trading around $60,800, reflecting a 2.4% decrease over the same period. Ethereum (ETH) also experienced a decline, dropping by over 1.4% to approximately $2,950. #memecoins #CoinMarketCap #Crypto

@diladgzel Notcoin's saga continues! With 1.28 billion tokens up for grabs, the launch is finally here. But for players, the token journey has just begun. 🎉🚀

Notcoin token to launch May 16 following multiple delays Notcoin, the Telegram-based game that captured the attention of millions, paused its gameplay in April ahead of its anticipated token launch but is now set to debut on May 16. The NOT token, minted on The Open Network (TON), will be listed on OKX and Bybit. OKX plans to hold a ‘jumpstart’ campaign around the token, rewarding customers who stake Toncoin (TON) with a share of Notcoin tokens. The campaign begins on May 13, with 1.28 billion NOT tokens offered to OKX users, accounting for 1.25% of the total NOT token supply. Bybit has not yet announced any similar reward programs. The claim process for Notcoin players who earned NOT through the game remains unclear. Sasha Plotvinov, Notcoin’s co-creator, recently stated that players can transfer their NOT tokens to a centralized exchange or withdraw them to a self-custody wallet. Notcoin became a viral sensation earlier this year, engaging 35 million players who tapped the image of a token to earn in-game coins. The game ended its mining phase on April 1. Initially, the team planned to launch the token on April 20 to coincide with the Bitcoin halving. However, the launch was delayed twice as the team worked to ensure a smooth rollout. Plotvinov emphasized that the launch of the NOT token is just the beginning, as Notcoin aims to continue developing new social games and experiences with ongoing NOT token rewards. #Notcoin #Crypto #Bybit

@zeynepcanpolat7 Joining forces with Swirlds Labs and the Algorand Foundation in the DeRec Alliance. Because losing your phone shouldn't mean losing your crypto! 📱💸

Ripple joins DeRec Alliance asset recovery initiative Ripple joined Swirlds Labs and the Algorand Foundation as a founding member of the DeRec Alliance. The alliance aims to simplify the implementation and recovery of digital assets. The decentralized recovery (DeRec) protocol created within the project allows restoring private information even if users lose their smartphone or other device for two-factor authentication. Dr. Leemon Baird, co-founder of Hedera, stated that the DeRec Alliance was initially developed as an open-source project to develop a methodology and industry standard for convenient, secure, and decentralized asset recovery for all wallets. The initiative was initially launched by ecosystem members Hedera and Algorand. Ripple and its division, XRPL Labs, have joined the pair as members of the Technical Oversight Committee with powers for two years. The head of BankSocial, John Wingate, also noted that the initiative solves one of the most important problems of self-storage of digital assets, the risk of irretrievable loss. According to Blade Labs CEO Sami Mian, such incidents prevent users from engaging with cryptocurrencies. #Crypto #Ripple #coin

Canadian regulator fines Binance $4.4m for money laundering violations FINTRAC has imposed a substantial fine on cryptocurrency exchange Binance for allegedly violating anti-money laundering regulations. In a release issued today, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) outlined two primary violations: failure to register as a foreign money services business and neglect to report significant transactions in virtual currency. Specifically, FINTRAC claims that Binance did not declare transactions exceeding $10,000 on 5,902 separate occasions between June 2021 and July 2023. “Binance is determined to be a foreign money services business. Binance Holdings Limited was imposed an administrative monetary penalty of $6,002,000 on May 7, 2024, for committing 2 violations,” the regulator stated. The penalty, $4.4 million, or 6 million CAD, stems from compliance checks conducted in 2023. #Binance #Cryptocurency #coin

@diladgzel Tether makes moves in Eastern Europe, backing Georgian payment service CityPay. With expansion plans and crypto-friendly initiatives, the future looks bright! 🌟💼

Tether announces expansion into Eastern Europe, invests in CityPay Tether has announced its expansion into Eastern Europe and will invest in a Georgian payment service. The USDT issuer intends to invest additional funds in the Georgian payment service CityPay.io. The official press release emphasizes that the platform provides services in more than 600 locations throughout Georgia. Through CityPay.io, clients can pay for goods and services with cryptocurrency. Tether notes that the service plans to introduce new products in the next two years. The company is focused on Georgia and neighboring countries. The company previously invested in CityPay in May 2023. Tether later signed a Memorandum of Understanding with local authorities. The company also supported the education sector in the country by participating in the series A round of the Academy of Digital Industries project. In both situations, the amount invested remained undisclosed. Earlier this month, Tether announced that it would implement a USDT transaction monitoring system on the secondary market in collaboration with Chainalysis, a leading blockchain analytics company. A secondary market refers to any transactions using USDT after the release of tokens. #Crypto #USDT #coin

@Jaaidani NN's crypto woes hit hard! Losing over a million due to a 0L network fork is like a punchline in a bad joke. 😬💸

A trader lost more than a million dollars worth of cryptocurrency due to a hard fork of the 0L network. An unlucky trader named NN took to social media platform X to discuss losing assets to this change. The user said the community did not approve of the 0L network’s hard fork. The 0L Network was created to reward developers and other community members who actively participate in project construction. NN purchased 147 million Libra tokens in February 2023, worth approximately $1.47 million at the time, before joining the protocol to help with marketing efforts. The trader claims that the team has been aware of the bug for over two years, and some insiders have abused it. However, the team decided to ignore the problem due to the insufficient value of the Libra token. #Trader #Crypto

@zeynepcanpolat7 LayerZero's airdrop bombshell: Less than 15% eligible? Pellegrino's Telegram doubts turn the crypto community into a guessing game! 🤔💼

The LayerZero Labs team hinted at information that may disqualify the majority of airdrop hunters who farmed the expected ZRO airdrop for some two years. LayerZero CEO Bryan Pellegrino reportedly said that less than 15% of wallets that interacted with the protocol would be eligible for the upcoming airdrop scheduled for this year’s first half. On May 8, WuBlockchain cited a private Telegram message where Pellegrino supposedly espoused doubts regarding the validity of most addresses. In the text, the LayerZero Labs co-founder noted that fewer than three million out of six million possible addresses had only made a single transaction. Furthermore, Pellegrino estimated that about 400,000 to 800,000 addresses were real users rather than Sybil participants. #LayerZero #Crypto #coin

@yunnuenmg Watch out, crypto world! 10x Research predicts a market correction, courtesy of token unlocks. Time to buckle up for the turbulence! 🎢💥

10x Research: Crypto token unlocks could lead to market correction The current bull cycle of the crypto market may be shorter than previous ones and is unlikely to end with a big altcoin rally. As 10x Research analysts reported, venture crypto funds, which will concentrate a significant share of coins in the future, maybe to blame. According to analysts, large volumes of nearly $2 billion in token unlocks over the next 10 weeks could negatively impact altcoins. TokenUnlocks data shows that the largest upcoming unlock will occur on May 15 from layer 2 crypto derivatives platform Aevo. The developers will release 828.93 million AEVO, equaling roughly $1.17 billion. Of the total supply of 1 billion coins, 18.5% will be sent to private investors. A smaller unlock of $39.78 million in WLD tokens from Sam Altman’s Worldcoin project is scheduled for July 24. This will be 0.05% of the total supply of tokens or 2.4% of the current number of coins in circulation. On May 12, Aptos will unlock 11.31 million APT, valued at $101.67 million, approximately 2.6% of the circulating supply. In April, experts at 10x Research warned that the market was reaching a critical inflection point that could result in a major correction. The company called “unexpected and persistent” inflation the main trigger. With fewer than three cuts forecast in the bond market and the 10-year Treasury yield above 4.5%, risk assets will likely see a price reset. #Crypto #Tokens #BTC

@meggyh_y Nigeria's government hits back at Binance CEO's bribery claims like, "Nope, no cashing out here!" It's a crypto soap opera! 💸🎭

Nigeria denies “phantom” Binance bribe claims Nigeria’s federal government refuted claims from Binance CEO Richard Teng, accusing officials of demanding a “significant payment” to resolve ongoing disputes. In an official statement on May 8, the Special Assistant to the Minister of Information and National Orientation, Rabiu Ibrahim, said that the “phantom bribe claim” made by Binance and its CEO was made to undermine criminal prosecution through a mudslinging media campaign. Nigeria’s pushback on the allegations explicitly stated the amount that Teng claims was requested. However, the exchange boss’s blog post on May 7 only mentioned a secret crypto payment expected within 48 hours to “make these issues go away.” #Crypto #Binance #Nigeria

VanEck’s MarketVector launches Meme Coin Index VanEck’s MarketVector introduced the Meme Coin Index, a benchmark tracking market capitalization’s six largest meme coins. The index, which caps individual coin weightings at 30% to maintain diversification, is reviewed monthly to stay current. This cap ensures that no single coin disproportionately influences the index. The MEMECOIN index is a tool for institutional and retail investors, offering insights into a volatile and emerging market. For institutional investors, the tool provides a structured entry point into the unpredictable meme coin market. The index offers a consolidated view of its most influential assets and reduces the need for direct exposure to individual coins. On the other hand, retail investors can use the index to understand their favorite coins’ relative performance and market share. “If memes are the new alpha, this new index from MarketVector may capture the zeitgeist of the crypto space in a way no other benchmark can,” Matthew Sigel, VanEck’s Head of Digital Assets Research, told crypto.news. “We look forward to seeing what others will build on top of it.” #memecoins #Crypto #coin