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Historical patterns suggest that the bull market is far from it's peak
The decision is driven by a saturated market and the principles of supply and demand.
Onchain Data has shared the top 10 altcoins that developers are focusing on this week and their rankings. Here are the details.
Bitcoin jumped after FED Chairman Jerome Powell's speech. So what does this statement mean?
According to analysts, some options data suggests that the Bitcoin price could rise above $75,000 by the end of this month.
Onchain metrics shows bitcoin exchange reserves have dropped to multi-year lows.Options market open interest distribution signals optimism for bitcoin and ether.
The bitcoin price broke above the $61,000 mark after Fed Chair Jerome Powell’s dovish announcement at the Jackson Hole symposium.U.S. equities saw gains in early trading on Friday, with the S&P 500 and Nasdaq up 1.2% and 1.8% respectively.
- 15:40CME Launches XRP and Micro XRP FuturesThe Chicago Mercantile Exchange (CME) has launched XRP and Micro XRP futures today.
- 15:39Yala Officially Launches on Solana, Becomes One of the First BTCFi Projects Supported by the Solana FoundationAccording to official news, Bitcoin's native liquidity layer Yala has officially announced that its core asset YU has been launched on the Solana mainnet, marking a significant milestone in its multi-chain liquidity strategy for Bitcoin. Following the mainnet launch on May 16, Yala is accelerating its ecosystem layout for the "ultimate Bitcoin liquidity layer." Through this integration, BTC holders can use BTC as collateral to mint YU and directly utilize it within Solana's high-performance DeFi ecosystem, participating in low-cost, composable on-chain yield opportunities while maintaining long-term exposure to Bitcoin. Notably, Yala is among the first BTCFi projects to receive strategic funding and liquidity support from the Solana Foundation. This round of funding includes a $1 million USDC liquidity injection, which will be used to incentivize early users, advance native DeFi protocol integration, and further enhance YU's adoption and liquidity depth on Solana. Officials stated that Solana's scalability and ecosystem activity provide an ideal scenario for releasing Bitcoin liquidity. Next, Yala will successively launch targeted incentive programs for LPs and traders, deep integration cooperation with Solana protocols, as well as community activities and early contributor reward mechanisms. This launch is an important starting point for Yala's cross-chain strategy, with more ecosystem incentives and integration plans to be rolled out this summer. Yala will also engage in more interactions and presentations at this week's Solana Accelerate conference.
- 15:38JPMorgan CEO Dimon: We Do Not Intend to Custody CryptocurrenciesJPMorgan (JPM.N) CEO Dimon: Blockchain is not as important as you think, and we do not intend to custody cryptocurrencies.