Crypto Insights

ENJ Surges After Announcing the Release of Enjin Blockchain: Circle's USD Coin Now Natively Supported on Base and Optimism Networks

Circle's USD Coin (USDC) is now natively available on the Base and Optimism networks. Read more here.

Institutional Weekly — Solana Becomes Fourth Largest Cryptocurrency After a Year of 900%+ Return

Presenting you with weekly insights into what the crypto community is buzzing about!

Weekly Institutional Insights — Crypto Rally Continues as CELO, Arkham, Arweave, and THETA Steal the Spotlight

Read on for more institutional insights and crypto updates

Real Estate Trading Protocol Parcl Launches PRCL Tokens on Solana

The Solana-based real estate trading protocol Parcl has distributed 800 million PRCL tokens, following its last airdrop snapshot on April 8.

Price Pullback Tests Bitcoin’s $21k Support

Kaidro Shifts to Ronin for Enhanced Game Development and Support

Last week, the SPX index is down 1.56%, these market shifts followed high U.S. inflation data, causing traders to reconsider expectations for multiple Federal Reserve rate cuts this year. Investors are now focusing on upcoming U.S. retail sales data and Goldman Sachs’ earnings report. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 0.18% and 0.99%, respectively in the past 24 hours. Today’s outperformer is VET, which jumped 11.4% after VeChain partners with UFC to tokenize fighter gloves for authenticity and collectibility. VeChain (VET), founded in 2015, is a blockchain platform aimed at improving supply chain management and business processes by utilizing distributed ledger technology (DLT). The platform features two types of tokens: VeChain Token (VET), which facilitates value transfer within the network, and VeChainThor Energy (VTHO), used as "gas" for powering smart contract transactions. VeChain is partnering with UFC to tokenize fighter gloves using NFC chips to ensure authenticity and track fight data on the VeChainThor blockchain. These tokenized gloves, debuting at UFC 300, will be collectibles verifiable through smart contracts. The project aims to deter fraud in the resale market. Initial exclusive gloves will be presented to celebrities like Joe Rogan. Reactions on VeChain's Reddit varied, with excitement about the use case but skepticism over its minor impact on VTHO token usage and value.

CELO Jumps on Tether Expansion

Today’s outperformer is CELO, which jumped 44.8% after Tether expands ecosystem with upcoming USDT launch on Celo Blockchain.

This Week in Crypto: BTC Holders Across All Cohorts Resume Accumulation; BlockFi Files for Bankruptcy

Embroiled in a crypto-specific contagion, major cryptocurrencies seemed to be decoupling from the traditional financial markets. Read more here.

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Jupiter's JUP Token Soars After Airdrop

Shortly after its release, the JUP token from the Solana-based decentralized exchange aggregator Jupiter soared to a market capitalization of $914 million, making it the sixth-largest DEX by this metric.