BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

The Block Letter – May 29

by Drop Gorn
May 30, 2024
in Business, Crypto, NFT
A A
The Block Letter – May 29
1
SHARES
Share on TwitterShare on Reddit

It has been a busy day in terms of news, so let us catch you up on the latest and greatest.

Today’s Agenda:

  • Market Watch
  • Highlights of the Day
    • Mastercard Introduces Crypto Credential
    • PYUSD Makes its Way to Solana
    • Fetch AI Merger
  • Project of the Day
  • Crypto Corner
  • Market Sentiment & Predictions
  • Business & Political Insights 

Market Watch

Top Gainers

  • Notcoin ($NOT): +19.4%
  • Chiliz ($CHZ): +6.4%
  • Arweave ($AR) +6.14%

Top Losers

  • Bonk ($BONK): -10.9%
  • Pepe ($PEPE): -7.4%
  • Ondo ($ONDO): -6.8%

Trending Crypto Sectors/Categories

  • Base Meme
  • PolitiFi
  • AI Meme

Total Crypto Market Cap – 2.664 Trillion

Fear and Greed Index – 73

Top NFT Sale

  • Baby Monkey #6841 Sold for 92 ETH 

7

Highlights of the Day

Mastercard Introduces Crypto Credential

Mastercard has once again pushed the boundaries of convenience and security in the realm of digital transactions with its latest offering – Crypto Credential. This groundbreaking feature revolutionizes the way users engage with cryptocurrency by simplifying the process to just a username.

How does it work? 

Users undergo Mastercard’s verification process to acquire a unique alias. This alias becomes their Crypto Credential, enabling them to seamlessly send and receive cryptocurrency across supported exchanges.

PYUSD Makes its Way to Solana

In a move set to redefine digital commerce, PayPal has announced the integration of its PayPal USD (PYUSD) stablecoin onto the Solana blockchain. This strategic expansion follows its successful launch on Ethereum last year and marks a significant step towards enhancing transaction efficiency and affordability.

PayPal’s Goals for Digital Commerce

Jose Fernandez da Ponte, PayPal’s senior vice president of blockchain, crypto, and digital currency group, emphasized the platform’s commitment to fostering a digital currency ecosystem conducive to commerce and payments. “Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments,” remarked da Ponte.

Fetch AI Merger

In a groundbreaking move set to reshape the landscape of artificial intelligence, three pioneering platforms – Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (Ocean) – have announced their merger into a single entity. Scheduled for June 13, 2024, the consolidation aims to propel the advancement of artificial general intelligence through unprecedented collaboration.

The Alliance

The genesis of this alliance traces back to 2023 when Fetch.ai, SingularityNET, and Ocean Protocol laid the foundation for the Artificial Super Intelligence (ASI) Alliance. United by a shared vision, the alliance is dedicated to pooling their specialized AI technologies to cultivate AGI capable of sophisticated reasoning, strategic planning, and adept problem-solving.

Project of the Day

Worldcoin

Worldcoin ($WLD), a visionary iris biometric cryptocurrency project spearheaded by OpenAI chief executive Sam Altman, is on a mission to reshape the global financial landscape. Leveraging cutting-edge AI and biometric identification technology, Worldcoin aims to establish a universal financial and identity network, transcending geographical and socioeconomic barriers to provide inclusive access to the global economy.

In terms of price movements, Worldcoin ($WLD) has surged to prominence with a market cap surpassing $1.12 billion and a current price hovering around $5. Since its launch last July, the token has demonstrated robust performance, boasting gains of approximately 200%. 

Notably, while experiencing a retracement from its all-time high of $11, recent months have witnessed a resurgence in price, aligning with the broader narrative of AI-driven innovation. Now, as the market eagerly awaits the trajectory of $WLD, it remains tied to the prevailing AI narrative, particularly amidst the backdrop of notable Q1 earnings from industry giants such as NVIDIA and NASDAQ reaching all-time highs. So, while the long-term price outlook remains uncertain, $WLD is poised to mirror the sentiment around the AI narrative in the crypto space.

Crazy Day in Crypto

  • Based Doge (BOGE), a memecoin on the Base network, experienced an exploit similar to the recent Normie incident, causing its value to plummet from $0.002983 to $0.000072 and resulting in the loss of 91.4 million BOGE tokens.
  • Shiba Inu has surpassed Cardano, reaching a market cap of $16.4 billion and entering the top-10 cryptocurrency rankings.
  • PEPE, a meme coin, has exceeded the combined market value of prominent NFT collections such as Bored Ape Yacht Club and CryptoPunks, indicating a shift in investor attention from NFTs to meme coins.

Market Sentiment & Predictions

  • During Consensus 2024, Cathie Wood, CEO of ARK Invest, suggested that the recent approval of Ethereum ETF filings was driven by political motives rather than adhering to the usual procedural norms.
  • A recent OnePoll survey found that over three-quarters of adult gamers are either unfamiliar with or have never played a blockchain video game.

Business Talks & Political Insights

  • Hashdex withdrew its spot Ethereum ETF application on May 24, which aimed to combine spot Ethereum holdings with Ethereum futures contracts to address potential market manipulation concerns.
  • Recent SEC filings reveal that BlackRock’s income and bond-focused funds have allocated investments to the asset manager’s Bitcoin-focused ETF.
  • Gemini exchange will refund $2.18 billion to users of its paused Earn program, representing a 97% recovery since withdrawals were halted in November 2022.
Tags: Baby Monkey #6841based dogeFetch AiMastercardPaypalPYUSDWorldcoin
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

HBAR Price Rebounds, Hits Highest Point Since March
Crypto

HBAR Price Rebounds, Hits Highest Point Since March

May 10, 2025
Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)
Crypto

Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

May 10, 2025
Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?
Crypto

Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

May 10, 2025
TRON’s USDT Dominance Grows as Whales Tighten Grip
Crypto

TRON’s USDT Dominance Grows as Whales Tighten Grip

May 10, 2025
Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch
Cardano

Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

May 10, 2025
Whale Alert! $153 Million in Dogecoin Moves as DOGE Explodes 14%
Crypto

Whale Alert! $153 Million in Dogecoin Moves as DOGE Explodes 14%

May 10, 2025
Load More

Related News

HBAR Price Rebounds, Hits Highest Point Since March

HBAR Price Rebounds, Hits Highest Point Since March

May 10, 2025
Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

May 10, 2025
Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

May 10, 2025
TRON’s USDT Dominance Grows as Whales Tighten Grip

TRON’s USDT Dominance Grows as Whales Tighten Grip

May 10, 2025
Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

May 10, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin Meme Coin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.