In light of the noticeable decline in meme coin activity on the Solana network, Standard Chartered has issued a critical warning stating that the future of the Solana network is threatened by weakness and decline unless it restructures its economic model and expands its use cases away from almost complete reliance on meme coins. As the wave of enthusiasm for meme coins begins to wane, it has become clear that this type of digital asset, despite its temporary contribution to increased revenues and public interest, does not constitute a sustainable foundation for long-term growth. Solana has become exposed to this reality today.... In contrast, the Ethereum network continues to strengthen its position as the most important infrastructure in the web3 world, thanks to the expansion of Layer-2 solutions such as Arbitrum, Optimism, Base, and others, which enable low fees while maintaining security and flexibility. These layers not only support meme coin trading but are also used in real decentralized financial applications, NFT markets, digital identity applications, and other real-world projects.....
OPINION: UK MP Emma Reynolds says "the UK government has no plans to adopt a strategic Bitcoin reserve", citing Bitcoin's volatility as inconsistent with foreign exchange reserve investment principles.
ANALYSIS: Analyst Dave the Wave, known for predicting the 2021 crypto crash, says Bitcoin’s monthly MACD indicator is turning bullish again and predicts a potential surge to $160,000 in the coming months.
🇺🇸 JUST IN: Former CFTC chair warns crypto will stay vulnerable and unregulated unless Congress gives the agency authority over digital asset cash markets.
JUST IN : 🇷🇺 Bank of Russia to let financial firms offer Crypto-Tied derivatives and digital assets to qualified investors but without direct crypto payouts.
In a move that could change the game in the cryptocurrency market
New York City Mayor Eric Adams said he is fighting for Bitcoin to enter Wall Street! "BitBonds," which are treasury bonds that will provide a fixed interest on Bitcoin regardless of price fluctuations.
🔴 Oil prices rise by more than 1.5% after the U.S. International Trade Court's ruling to cancel the tariffs imposed by President Donald Trump in early April, known as the "Liberation Day Fees," which boosted optimism in the markets regarding the easing of trade pressures.
🇬🇧 NEW: UK MP Emma Reynolds says the UK government has no plans to adopt a strategic Bitcoin reserve, citing Bitcoin's volatility as inconsistent with foreign exchange reserve investment principles.