Bittime – Today's crypto news is filled with various new projects in the crypto ecosystem, from Gravity from Galxe, the intensive launch of DF92 from Ocean Protocol, to Xai Builder from Xai. Not to forget, the competition for US presidential candidates is also getting hotter.
For more details, you can read today's crypto news highlights, May 30 2024, in this article. Watch until the end to find out what the latest information is in the crypto ecosystem today.
Latest Projects in the Crypto Ecosystem
There are several new projects in the crypto ecosystem that add to the excitement. The following is a detailed discussion.
1. Gold Distribution by Blast
Blast is again distributing large amounts of Gold, namely 10 million Gold to Decentralized Applications (DApps). This Gold distribution is Blast's step to encourage adoption and development of its ecosystem.
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2. Metal L2 Upgrade Smart Contract
Metal L2 will carry out a smart contract upgrade on June 24, 2024. The aim is to ensure a smooth transition for Metal DAO (MTL) token holders and improve the functionality of the Metal L2 platform.
3. XAI Launches Xai Builder
XAI launches Xai Builder , an integrated development console designed specifically for building AAA games on Web3. The goal of this launch is to simplify and speed up the process of developing AAA games on Web3.
4. Ocean Launches DF92 Incentive Program
Ocean launches the DF92 program , Ocean's newest data farming program. This program will give a total prize of 37,500 OCEAN and 20,000 ROSE.
DF92 will run from today, May 30 to June 6, 2024 and offers a way for users to earn OCEAN and ROSE tokens by making accurate predictions using Ocean Predictor.
5. Galxe Creates Gravity
Galxe is building their own layer-1 blockchain called Gravity . Later, Gravity will become a proof-of-stake (PoS) blockchain. This means that the security of the network will be guaranteed by users staking their tokens.
6. Mastercard Crypto Credential
Mastercard introduced the " Mastercard Crypto Credential ", an alias system that simplifies crypto transactions in Europe and Latin America. This new Mastercard program aims to increase trust and certainty in transactions, as well as support regulatory compliance.
When Can Bitcoin Reach New ATH?
Bitcoin prices are still weak every day after experiencing an increase several days ago after the Fed announced inflation. Inflation does have a fairly high influence on the price of Bitcoin. And it was reported by 10x Research that Bitcoin could reach its new ATH when inflation reaches 3.3% or lower.
However, no one can predict when inflation will change. Many factors are involved. We can wait for information from the Fed.
Currently, the Fed has just announced that interest rates will decrease in Q4 . This is because the inflation rate is slowing so that the price range is narrowing.
Latest Information on Ethereum Spot ETFs
It is known that BlackRock has submitted a revision to their application for an Ethereum Spot ETF . This move by BlackRock indicates that spot Ethereum ETFs are positively accepted in the United States as a new crypto financial instrument.
However, the sad news is that Vanguard announced that it will not offer spot Ethereum ETFs on their platform. The reason is because spot Ethereum ETFs do not match the asset categories they focus on.
Also Read: BlackRock IBIT Remains Top: US Physical Bitcoin ETF Records 12th Day of Fund Inflow!
Celebrity Meme Coins Increasingly Popular?
Recently, many celebrities have launched their own meme coins . One of them is Caytlin Jenner and Davido. Davido is a famous singer and music producer from Nigeria. A new meme coin, $DAVIDO, has just been launched on the Solana blockchain.
Caitlyn Jenner is the father of the Kardashian family. It recently launched the $Jenner meme token on the Ethereum blockchain. JENNER meme coin experienced a price increase of up to 28,639% in the first 24 hours.
The race for the 2024 US Election is getting hotter
Recently, Donald Trump has been in the spotlight because of his support for the crypto ecosystem. As a result, Trump received sympathy from crypto players, thereby dimming Biden's chances in society.
As if not wanting to step aside from the spotlight, Biden is following Trump's strategy of reaching out to the crypto industry for support. The Biden campaign team is known to have contacted crypto experts, even those who were rejected by Biden previously.
So, if this is the case, will whoever the US president is elected, crypto will be embraced and given protection in the United States?
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Conclusion
That's a summary of today's crypto news. In order to be more updated about information in the crypto ecosystem, Bittime provides space for you to read crypto news every day. Not only is there the latest news, there is also information about crypto education and market analysis for each coin that is currently being discussed .
So, don't miss out on crypto information every day. Visit the Bittime blog to get all the information about crypto and blockchain for free. You can read whenever and wherever you are!
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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