Crypto.news

Shiba Inu price drops amid whale selling and crypto industry sentiment decline, entering a technical bear market. Factors include widespread crypto sell-off, whale sell-off spree, underperforming layer-2 network, and slowing token burn rate. The downtrend is expected to continue towards the year-to-date low.

Numeraire's token, NMR, surged by nearly 30% in 24 hours with a massive 2,900% increase in daily trading volume. Amid global market fluctuations, NMR hit $12.04 while maintaining above $10. The AI-powered hedge fund Numeraire shows growth and increased staking participation.

WhiteRock surged as much as 116% on May 30 following rumours of a potential partnership with a major Saudi oil producer.
According to data from crypto.news, WhiteRock (WHITE) jumped to an intraday high of $0.00138 before pulling back to $0.00104 at the time of writing. Its market cap stood at

Telegram's partnership with xAI, announced by Durov, faces uncertainty as Musk denied a finalized deal. Durov claimed a $300 million agreement for integrating xAI's Grok chatbot into Telegram. Musk's denial led to clarification from Durov, impacting Telegram's financial strategies.

Zebec Network saw a surge in value after acquiring Science Card, a UK fintech firm. This move enabled users to spend crypto on campus and support university research. Zebec Network aims to enhance payment solutions, offering debit cards and payroll services utilizing both Web2 and Web3 technologies. Despite a strong rally, technical indicators suggest a potential dip in the token's value, with a likely support level of $0.002143.

Cysic introduces ComputeFi, a platform using tokenized assets to provide affordable access to high-performance computing power, bridging the gap between those in need of computing resources and hardware owners. The initiative aims to democratize mining and AI technology, making it more accessible to a wider user base.

The Smarter Web Company recently added 24.53 BTC to its Bitcoin treasury, implementing a long-term accumulation strategy. This move reflects a trend seen in other companies globally, such as Strategy and Metaplanet.

Polygon-backed Katana Network has launched its private mainnet, with upcoming airdrop of 15% KAT tokens for POL stakers. The project aims to improve capital efficiency and yield generation across blockchain networks with a public mainnet release scheduled for late June 2025. The Katana Foundation, with support from Polygon Labs and GSR, is actively involving participants in a pre-deposit campaign to deposit Ethereum, USD Coin, Tether, and Wrapped Bitcoin ahead of the network’s full opening. The project is part of Polygon’s AggLayer Breakout Program, offering potential incentives for POL stakers.
Summary: Katana Network, backed by Polygon, launches private mainnet with 15% KAT token airdrop for POL stakers, aiming to enhance capital efficiency and yield generation across blockchain networks.

Antalpha, a fintech platform for Bitcoin mining, plans a $40M investment in Tether Gold to hedge economic volatility. XAUt chosen for its gold-backed value. Company aims for XAUt to be cornerstone collateral, expand digital asset holdings for lending operations.

ZBCN surged 130% in a week backed by Uphold and hints of a Ripple partnership. Trading at $0.0057, the rally faces a possible near-term consolidation with signs of overbought conditions.

Hidden Road launches crypto swap services for U.S. clients ahead of its acquisition by Ripple for $1.25 billion, widening access to OTC swaps for institutions.
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U.S. stocks opened flat with cautious sentiment before Nvidia's earnings. Tariffs and geopolitics influence investors, monitoring Nvidia's performance for market trends. GameStop and Bitcoin purchases also impacted market movements.

XRP price has dropped to its lowest level since February. While Ripple has seen positive developments, it lags behind Bitcoin, which is experiencing record highs. Technical analysis suggests further downside for XRP.

RedStone brings real-world asset data to Solana DeFi through partnerships with Securitize and Wormhole Queries, enabling integration of tokenized funds and expanding DeFi applications. The move signifies a shift towards full asset composability on Solana, setting the stage for broader institutional access to DeFi on the network.

Ethereum Foundation President Aya Miyaguchi sat down with UNICEF innovation unit builder and Giga founder Christopher Fabian and talked about how the UN’s Children Fund came to embrace crypto and the blockchain.
On May 28 at ETHPrague, Fabian and Miyaguchi took the audience back to 2018 and 2019