DeFi News Today Official TheBitTimes.com

June was much rougher for Bitcoin than many expected at the beginning of the month. This is because the price of Bitcoin virtually declined throughout the month , leaving many investors, especially short-term holders , disappointed. Related Reading Shiba Inu Army On The Move: 35 Billion SHIB Invade Shibarium 1 day ago However, despite the price decline, on-chain data suggests that Bitcoin adoption is growing . New data shows the number of new Bitcoin addresses being created has surged to the highest level in two months. This growth suggests the long-term prospects for Bitcoin remain strong. New BTC Addresses Surge To 2-Month High Despite the price slump, the network is exhibiting a promising trend that signals future growth for the world’s largest cryptocurrency. According to Glassnode chart data initially shared on social media pla...

As reported by The Block on June 29, the U.S. Securities and Exchange Commission (SEC) has returned S-1 forms to prospective Ethereum ETF issuers with comments, requiring at least one more round of filings before approval. In particular, the SEC has asked issuers to address the comments and refile their forms by July 8. This development means that the approval process will take longer than initially anticipated. Consequently, the forecasted possibility of Ethereum (ETH) ETFs going live by July 4 is now off the table. According to a The Block’s source at one of the issuers, the returned forms contained light comments. However, this won’t be the final filing, as at least one more round will be necessary before the ETFs can start trading. Picks for you Bitcoin enters 'a very critical', Here's the next play ...

1. BLAST Tokens Now Available for Claim, Blur Season 4 Launches link On June 26, Blast announced on X that BLAST tokens are now available for claim, with users having 30 days to participate in the first phase airdrop. The Blast Foundation also unveiled plans for the next phase, which includes developing a full-stack blockchain and launching desktop and mobile wallets specifically designed for crypto users. Phase 2 aims to accelerate the transition from off-chain to on-chain economy through community collaboration. On the day of the airdrop, Blast network transaction fees reached a record high of $1.237 million, and the number of active addresses hit a peak of 169,000. The retention rate of users and network activity on the Blast network after the initial airdrop remains to be seen. On the same day, Blur announced the launch of Season 4, distributing 500 million $BLAST tokens over 12 months. Users can earn points by bidding, listing, and lending on Blur.io. Top users can receive up to 2...

The crypto market posted considerable fluctuations this week due to the prevalent sentiment in the general market. BTC’s price has remained unstable since the halving event, causing sideways trends in the 24-hour chart. However, the crypto market has entered a correction phase, leading to a tremendous rally. As the bull run gains momentum, investors actively seek the best affordable cryptocurrencies priced below 1 dollar. Amidst numerous options, a select few have emerged with notable uptrends, indicating potential for substantial returns. Today’s Analysis focuses on highlighting these cryptocurrencies under 1 dollar.  6 Best Cheap Crypto to Buy Now Under 1 Dollar Numerous low-priced tokens have posted higher price increases compared to high-cap tokens. One such token is VeChain, which has shown great promise and delivered astronomical profits to early investors. We also looked at a presale token, 99Bitcoins, and why it is worth considering.  Today’s e...

A closely followed crypto trader says that one memecoin that has seen massive gains during the last five months looks ready to surge even higher. In a new strategy session, crypto analyst Altcoin Sherpa tells his 217,600 followers on the social media platform X that meme assets are recovering nicely from the latest market crash. According to the trader, one memecoin – dogwifhat (WIF) – is primed to skyrocket despite already printing huge gains this year. “Some memes are making a strong bounce from their local bottoms. WIF probably will go to at least $2.50, MOG is one of the stronger ones, and og PEPEcoin is at a solid bounce area (I own this one). Let’s see if these areas can be sustained.” Source: Altcoin Sherpa/X In January, WIF was trading for $0.069. It is now trading for $2.16 at time of writing, a gain of nearly 3,088%. Moving on to smart contract platform Solana (SOL), Altcoin Sherpa says he believes the altcoin will eventually rise ...

Multi-trillion dollar asset manager State Street Global Advisors has partnered with Galaxy Digital to launch ETFs (exchange-traded funds) that provide exposure to crypto assets beyond  spot Bitcoin ETFs . “We believe this is where the next level of growth is for the digital asset ecosystem,” the fund management titan, which has $4.13 trillion in assets under management, said in a June 26 statement.  State Street Global Advisors Files For Multiple Proposed Funds With The SEC Institutional and retail investors are seeking exposure to the growing digital asset class “through investment options beyond pure spot bitcoin,” it said.  This comes after State Street Global Advisors proposed a SPDR Galaxy Digital Asset Ecosystem ETF in a June 26 filing with the Securities and Exchange Commission ( SEC ).  The fund will invest in publicly traded crypto firms in both the US and abroad, as well as futures and spot ETF products, according to the filin...

TON’s partnership with Telegram has introduced several “play-to-earn” projects, bringing cryptocurrency to a broader investor audience. Notable projects like Notcoin (NOT) have launched on the TON network, reflecting growing momentum towards widespread cryptocurrency adoption. Simultaneously, Hong Kong has begun a trial for China’s digital Yuan, indicating increasing acceptance of digital currencies. Amid this favorable market outlook, investors are keenly looking for new cryptocurrency launches, listings, and presales . This article aims to assist by compiling a comprehensive list of such tokens. New Cryptocurrency Releases, Listings, and Presales Today Xeon Protocol, an ERC20 hedging and lending platform, is designed to provide investors with OTC tools for unlocking additional liquidity and managing risk. Similarly, EtherMail is an innovative email platform that bridges Web2 and Web3, thereby simplifying the transition for users and brands into the world of ...

Although Bitcoin (BTC) has lately been correcting way below its this year’s and all-time highs (ATH), popular investor and best-selling finance author Robert Kiyosaki has shared a view that the price of the flagship decentralized finance (DeFi) asset would soon begin its meteoric rise. Specifically, the author of the best-selling personal finance book ‘Rich Dad Poor Dad’ discussed the possibility of Bitcoin (BTC) entering the so-called ‘Banana Zone,’ expressing his firm belief that the maiden cryptocurrency will, indeed, go parabolic, in his X post on June 26. What is Bitcoin’s Banana Zone? As it happens, the CEO of Real Vision and a macroeconomy guru, Raoul Pal, coined this term to describe a potential parabolic surge for Bitcoin, and Kiyosaki has agreed with his view, which he noted was “creating a lot of excitement,” and arguing that the macroeconomist knew what he was talking about: Picks for yo...