Optimism-funded team's deciding vote shifts $49 million in OP tokens away from users
The approved plan reallocates 546.9 million OP from user airdrops to a Foundation-controlled Strategic Ecosystem Fund.
Tokens
Zcash (ZEC), Hyperliquid (HYPE) tokens lead losses as traders bet against a bitcoin (BTC) price bounce
The crypto market remains under pressure ahead of the pivotal U.S. inflation data, which is expected to show the cost of living rose to a three-year high of over 4% in May. Tokens such as privacy-focused zcash (ZEC) and decentralized exchange Hyperliquid’s HYPE have each… Read More
Bitcoin (BTC), ether (ETH) prices slide while stocks gain alongside AI tokens: Crypto Markets Today
Bitcoin BTC$77,234.04 traded at $76,600 on Tuesday, down 0.8% since midnight UTC, as Monday’s brief bounce to $77,800 fades. The move leaves the largest cryptocurrency potentially forming another lower high in a bearish structure that has been in place since October, and down 7% over… Read More
Crypto trader sees Hyperliquid, AI tokens leading next altcoin rally
Latest developments: Hyperliquid is outperforming much of the crypto market as traders rotate back into higher-risk assets. Hyperliquid’s HYPE token hit a new all-time high after two HYPE ETFs launched in the U.S. Van de Poppe said European traders have increasingly moved to Hyperliquid because… Read More
Bitcoin treads water near pivotal monthly close while speculative tokens retreat
Bitcoin held near $76,800 as altcoins weakened, WLFI slid and traders watched whether the largest cryptocurrency can hold Tom Lee’s line in the sand.
South Korea to pilot blockchain deposit tokens for government spending in Q4
South Korea’s Ministry of Economy and Finance will begin testing blockchain-based deposit tokens for government spending in the fourth quarter as part of a broader push to modernize how public funds are managed. The ministry said the pilot to spend Treasury funds as digital currency… Read More