Bittime – The rapid development in the crypto ecosystem means that various information changes every day. Like today's crypto news which is very varied.
There is news from ETH whose price has soared, NORMIE whose price has fallen due to flash loan attacks, Altcoin season predictions, to Trump's promise persona towards the crypto ecosystem.
Check out today's crypto news highlights, May 26 2024, below.
ETH Price Soars to Over $3,800
Today, ETH increased by only +1.56% to stand at $3,807.01. Several factors for the increase are due to positive market sentiment, increased on-chain activity, and positive developments in the ethereum ecosystem.
The positive price of ETH made Zhu Su, founder of Three Arrows Capital and OXFUND, predict that Ethereum will even lead the market in the next 90 days.
Check Today's Crypto Market:
Altcoin Season Predictions
Altcoin season is being awaited. However, until now there has been no clear information regarding when this alternative token season will be.
Recently, the crypto market has been busy because many whales have purchased Ethereum-based altcoins, such as ENS, AAVE, UNI, LDO, and LINK. Some think that this purchase was due to the good news from the SEC regarding its licensing of an Ethereum ETF. However, this information also makes predictions about Altcoin season discussed again.
Uniswap Votes on New Fee System
The Uniswap Foundation has just announced a vote on a new fee system proposal . This on-chain voting is scheduled to last until May 31.
The proposal submitted by the Uniswap Foundation aims to implement an independent fee collection and distribution system on the Uniswap V3 pool. If the proposal is approved, ownership of UniswapV3Factory on mainnet will be transferred to a new instance called V3FactoryOwner.
Due to this announcement, UNI prices have increased by 4% in the last 24 hours, and have now touched IDR 180,092 or $11.21.
Also Read: Brett's Dream (BRETT) Rises: Will This Memecoin Be King Of Currency?
"200 Juta ARB Game Catalyst" by Arbitrum
The Arbitrum community is in the process of voting on proposals for the "200 Million ARB Game Catalyst" program . The "200 Million ARB Game Catalyst" program is an exciting step to encourage game growth in the Arbitrum ecosystem.
This program aims to provide incentives worth 200 million ARB to games in the Arbitrum ecosystem over the next three years, with the hope of encouraging the growth and development of the games ecosystem in Arbitrum.
NORMIE Price Drops due to Flash Loan
If the price of ETH soars up, then the situation in the NORMIE price is inversely proportional. NORMIE experienced a price decline of up to 99.08% which brought it to $0.00036 due to a flash loan attack.
This attack exploits a security flaw in the NORMIE cross-chain bridge to manipulate prices on the Base Chain.
In an effort to address this price crash issue, NORMIE announced that their deployer wallet currently holds over 500 ETH and will be used to resolve the issue .
SEI Performs Volume 2 Upgrade
SEI has just announced the Sei V2 upgrade . Sei has successfully passed the Proposal 55 voting stage to "upgrade to version V2" and this upgrade will officially be implemented on Monday, May 27 2024 tomorrow.
Upgrading to Sei V2 is not an easy and fast process, but goes through three important stages designed to ensure a smooth transition and maximum performance improvements, namely governance, alpha release, and V2 readiness.
Donald Trump and Crypto
Presumably, Donald Trump is being discussed only in the crypto ecosystem. The reason is, Trump expressed his full support for cryptocurrency in a post on Truth Social on May 25 2024.
This statement by the former president of the United States, who will seek re-election in the US election at the end of November 2024, shows a significant change from his skeptical attitude towards cryptocurrencies in recent years.
Trump's positive attitude in the crypto ecosystem even had an impact on the price of the FreeRossDAO (FREE) token . This token experienced a price increase of up to 2,520.8%.
The surge in FREE prices was likely triggered by the promise of former United States President Donald Trump, who stated that he would release Ross Ulbricht, the founder of Silk Road, if he was re-elected as president.
Also Read How To Buy Crypto:
Conclusion
That's the highlight of today's crypto news. Look forward to providing other crypto updates on the Bittime blog. Read for free whenever and wherever you are.
You can even check the price of your target token via Bittime easily by setting the indicator according to your needs on the Bittime website.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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