The Jupiter project announced that it will pause the voting system through DAO governance until 2026 and mentions that it wants to focus on growth in the DeFi sector.
Even though the crypto market has been much "greener" in the last week, we also have projects that have recorded quite significant corrections during this period.
One such example is Solayer, a project that recently entered the Top 100 but has experienced a 65% correction in recent days and has lost over 350 million dollars in capitalization.
One reason for this correction could be a scheduled unlock for today, May 11, an unlocking in which the project increases its circulating supply by 12%.
Bitcoin very close to the 100K threshold after Donald Trump announced a trade agreement with an important country. We still do not know the country, but the POTUS will provide more information by the end of the day.
Standard Chartered considers that BNB could reach a price of 2775$ by 2028, an increase of 360% compared to the current price. Also, let's not forget that VanEck applied this week for the first Spot ETF on BNB in the USA.
Strategy has made a new acquisition of Bitcoin, and according to the latest information, the company bought 15,355 coins for a sum of 1.42 billion dollars. The company led by Michael Saylor currently holds 553,555 Bitcoins, a portfolio that is currently valued at over 50 billion dollars.
80% correction for Mantra in the last hour. Currently, I don't see anything official related to this dump, but I notice several comments online mentioning the tokenomics system.
Basically, the project has lost almost 5 billion dollars in capitalization in just 30 minutes, and for those who were here in 2022, this episode reminds us of the famous Terra Luna episode.
20% increase today on Virtuals Protocol after Binance announced the listing of the VIRTUAL coin. Additionally, the exchange also announced the listing of the ONDO and BIGTIME coins.
MultiversX will drop this weekend just below the price of $14, and the most important "Romanian" cryptocurrency is getting closer to the threshold of 10$ and even to the All Time Low recorded in 2020.
Liquidations of nearly 500 million dollars after yesterday, and the interesting part is that these are almost equally divided between Longs and Shorts. This is because although the crypto market initially saw a slight increase before Trump's announcement, the correction came immediately after he presented the famous tariff list, which even led to a liquidation of nearly 12 million dollars on Ethereum on the Binance exchange.
IT'S OFFICIAL! GameStop announces that it will invest in Bitcoin, and the company mentions that it intends to finance the acquisition through a convertible bond offering worth 1.3 billion dollars.
The bad news is that the chances for an interest rate cut at the May FED meeting are decreasing, and currently, there is only a 14% chance of seeing such a move at the next FOMC meeting.
The good news is that we can still hope for a cut starting in June, where we see approximately a 67% chance for such a decision on the Fedwatchtool.
And then if things go well and Trump's tariffs do not further affect inflation in the US, we might hope for 2 rate cuts in Q3-Q4, a period during which we can also expect other good news for crypto, especially from the United States.
A new crypto project receives an ETF application in the US, and this time Canary Capital has applied for a Spot ETF on PENGU, the project launched in December. Canary Capital also applied this month for an ETF on SUI, but the strange part is that Chainlink, one of the most popular projects in this cycle, has not yet received a Spot ETF application.
Ethereum successfully implemented the Pectra upgrade on the Sepolia Testnet this morning, and things are looking good ahead of the official launch of the upgrade scheduled for April.
Spectacular increase in ADA and other popular coins after Donald Trump confirmed that the USA will have a Strategic Crypto Reserve that will contain coins like Solana, XRP, or Cardano.
ADA has recorded a 50% pump in the last hour after this news and is climbing one position in the Top 10 Coinmarketcap.