Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Oil King Pepe (OILPEPE) presents a similar opportunity for a limited time.
Oil King Pepe (OILPEPE), a newly launched Solana memecoin, is poised to explode over 18,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
OILPEPE will be listed on KuCoin, one of the largest centralized exchanges in the world, within two days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Oil King Pepe.
In around 24 hours after launch, Oil King Pepe rallied over 6,400% to reach a market cap of $2.2 million – and it is expected to hit a $30 million market cap before the end of June.
Currently, Oil King Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy OILPEPE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Oil King Pepe by entering its contract address – GRUCh82C2aUXo2487mNWJx92s5K26pCtZp8HF47ZZAkc – in the receiving field.
OILPEPE currently has a market cap of just under $200,000, with over $16,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Trump the Felon (TRUMPFEL) presents a similar opportunity for a limited time.
Trump the Felon (TRUMPFEL), a newly launched Solana memecoin, is poised to explode over 18,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
TRUMPFEL will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Trump the Felon.
Currently, Trump the Felon can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy TRUMPFEL on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump the Felon by entering its contract address – DspvMmTQrMCdaesTCFPf4PPGQxxRf2UPmj5b6CRUdaQf – in the receiving field.
TRUMPFEL currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
Playboy Biden (PLAYBID) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Playboy Biden (PLAYBID), a Solana memecoin that was launched recently, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Playboy Biden presents a similar opportunity.
Playboy Biden has a market cap below $30,000 at the moment, meaning that when it just reaches a modest market cap of $5 million, early investors would generate returns of around 70,000% in a matter of days or hours.
The exciting memecoin is poised to rally 11,000% in the coming two days, and Playboy Biden could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Playboy Biden can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Playboy Biden on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Playboy Biden by entering its contract address – D4xVc71di6F8187sD2Mkvo1Bs87QHGoHzbcJKdFPBhvt – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PLAYBID.
Jamaal Bowman, a House Representative for New York’s 16th Congressional District, has lost the Democratic primary, which could have allowed him to retain his seat in 2025.
According to a June 26 projection from NBC News, Democratic challenger George Latimer will defeat Rep. Bowman by roughly 58% to 42%, with 84% of the vote reported at the time of publication.
The Fairshake political action committee (PAC) spent more than $2 million on a media campaign opposing Bowman’s reelection, not for his voting record against pro-crypto bills, but for claims of “pushing dangerous conspiracy theories.”
During his time in Congress, Rep. Bowman voted against the Financial Innovation and Technology for the 21st Century (FIT21) Act, the CBDC Anti-Surveillance State Act, and a joint resolution overturning a Securities and Exchange Commission (SEC) rule on banks handling crypto.
Latimer, in contrast, has not made any notable statements on crypto or blockchain.
Bowman had the support of many members of his party.
However, interest groups, including Fairshake and the United Democracy Project — a PAC reportedly tied to the American Israel Public Affairs Committee — spent $17 million to oppose the Democratic incumbent.
Bowman has been openly critical of Israel following the nation’s military actions in Gaza.
Before the primary election, New York Representative Alexandria Ocasio-Cortez (AOC) called out Fairshake and the United Democracy Project for “dump[ing] nearly $15 million to unseat a member of Congress” as “corruption” and “a core threat to American democracy.”
On June 25, AOC won the Democratic primary for New York’s 14th Congressional District.
Gemini co-founder Tyler Winklevoss, who recently pledged $1 million to support Donald Trump in the 2024 presidential election, said on X on June 25 that “this is what happens when you pick a fight with the crypto army.”
His comments were likely alluding to Latimer’s primary victory.
READ MORE: Bitcoin and Ether Transaction Fees Plunge Amidst Crypto Market Turmoil
In Utah, John Curtis, a Representative for Utah’s 3rd Congressional District, won the June 25 Republican primary for the U.S. Senate. According to filings with the Federal Election Commission,
Fairshake’s affiliate PAC Defend American Jobs spent more than $3 million on media buys supporting Curtis and roughly $1.2 million to oppose challenger Trent Staggs.
While Staggs’ position on crypto is unclear, Rep. Curtis cosponsored the FIT21 Act and the CBDC Anti-Surveillance State Act and voted in favor of the joint resolution to overturn the SEC Staff Accounting Bulletin No. 121.
He also supported the SEC’s efforts to approve spot Bitcoin exchange-traded funds and said, “crypto has become a significant part” of the U.S. economy.
With roughly $169 million in its coffers contributed by crypto firms, including Coinbase and Ripple, Fairshake’s media campaigns may have already influenced U.S. voters.
In March, California Representative Katie Porter lost a primary race for the U.S. Senate after a Fairshake ad claimed she took campaign contributions from “big pharma, big oil, and the big bank executives.”
Protect Progress, another Fairshake affiliate, backed Democratic candidates Shomari Figures and Julie Johnson, who won their respective primaries in California and Texas.
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After a week of net outflows, United States-based spot Bitcoin exchange-traded funds (ETFs) experienced a reversal on June 25, with net inflows reaching $31 million.
Data from SoSo Value reveals a shift from the past seven consecutive trading days, which saw $1.1 billion in total outflows from the spot Bitcoin ETFs.
On Tuesday, June 25, the Fidelity Wise Origin Bitcoin Fund (FBTC) led net inflows with $49 million, followed by the Bitwise Bitcoin ETF (BITB) with $15 million, and the VanEck Bitcoin Trust ETF (HODL) with net inflows of $4 million.
Conversely, the Grayscale Bitcoin Trust (GBTC) experienced net outflows of $30.3 million, and the ARK 21Shares Bitcoin ETF reported $6 million in net outflows.
However, BlackRock’s iShares Bitcoin Trust ETF (IBIT) — the largest fund by assets under management — saw no inflows on June 25.
The same was true for ETFs from Invesco Galaxy, Valkyrie, and Franklin Templeton.
As of June 25, the 11 spot Bitcoin funds that debuted in January have seen net inflows totaling $14.42 billion.
READ MORE: TON Blockchain Faces Rising Phishing Threats Amid Explosive 2024 Growth, Experts Warn
Recent outflows from U.S.-based spot Bitcoin ETFs have been the highest since April, when total net outflows exceeded $1.2 billion between April 24 and early May.
Despite these fluctuations, prospective U.S. issuers continue to finalize their registrations, following the approval of the ETFs by the U.S. Securities and Exchange Commission (SEC) in May.
Firms have been submitting amended Form S-1 registration statements as part of this process.
According to Bloomberg ETF analyst Eric Balchunas, spot Ether ETFs could potentially begin trading in the U.S. by July 2.
On June 25, investment manager VanEck filed a Form 8-A with the SEC for its spot Ether ETF, bringing it one step closer to launching.
The price of Bitcoin rose from $61,359 on June 25 to $61,732 at the time of publication, marking a 0.6% increase, according to TradingView data.
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The Open Network (TON), a blockchain and cryptocurrency platform integrated with Telegram, is set to receive a significant boost from a new fund backed by the Bitget crypto exchange.
Bitget has announced the creation of a $20 million TON Ecosystem Fund in partnership with Singapore-based investment firm Foresight Ventures, as shared with Cointelegraph on June 26.
This fund aims to support early-stage projects on the TON platform amidst the growing number of TON-based applications and the increasing value of its native cryptocurrency, Toncoin (TON).
The fund will provide comprehensive support for project development within the TON ecosystem, including offering liquidity on the Bitget platform.
The TON ecosystem has shown remarkable growth in 2024.
According to Delphi Digital, this expansion is driven by Telegram’s substantial monthly user base of 900 million, which brings more users into the crypto space daily.
By mid-June, the TON blockchain consistently recorded more active addresses than Ethereum, nearly every day for almost a month.
Furthermore, the total value locked (TVL) in the TON ecosystem has increased more than fivefold over the past two months, reaching $600 million.
This surge is attributed to the influx of new projects and assets such as TON-based Tether (USDT), DeDust.io, and Ston.fi.
Additionally, Toncoin has been hitting all-time highs, peaking at $8.17 on June 14. CoinGecko data indicates that TON has returned over 400% since the start of 2024.
READ MORE: Bitcoin and Ether Transaction Fees Plunge Amidst Crypto Market Turmoil
Bitget’s new funding initiative, in collaboration with Foresight Ventures, aims to facilitate the mass adoption of crypto.
Bitget CEO Gracy Chen commented on the initiative: “We are glad to see that the TON ecosystem is experiencing a positive feedback loop due to the growth in users, TVL, and token price.”
She added, “We believe in the potential of TON and its ability to create a more equitable future.
“Our Telegram Signal Bot is just one example of how we are empowering the community and enhancing the user experience.”
This new fund follows Bitget’s previous efforts to support the rapidly growing TON ecosystem.
On June 25, Bitget’s non-custodial wallet launched a comprehensive support package for the TON network, aiming to connect decentralized applications within the ecosystem.
Bitget had earlier introduced the Telegram Signal Bot to streamline direct trading signals across trading communities.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
The recent bearish market turmoil has dampened the previously high levels of bullish remarks and euphoria surrounding Bitcoin’s price, potentially indicating a market bottom.
Data from crypto analytics firm Santiment shows that bullish Bitcoin remarks across social media platforms like X, Reddit, Telegram, 4Chan, and BitcoinTalk have significantly declined over the past few weeks.
BTC’s price has been trading sideways since the Bitcoin halving in April.
Santiment data indicates that trader sentiment was most bullish at the beginning of April, leading up to the Bitcoin halving.
However, over the past three months, optimism has gradually waned as traders have lost confidence in the markets due to Bitcoin’s failure to reach new all-time highs.
On the other hand, bearish calls have also declined over the same period, but not as drastically as the bullish calls. Santiment noted that the decline in trader euphoria around Bitcoin is a potential bottom signal.
A bottom signal suggests an impending market trend reversal.
When an asset is undervalued or trading at its lowest point, investors often view it as a buying opportunity.
From a technical analysis perspective, the lowest level of support for the asset is referred to as the bottom.
Bitcoin hit a new all-time high on March 14, reaching $73,780 on Coinbase.
Since then, the top cryptocurrency has traded in a range between $60,000 and $70,000, momentarily dropping below $60,000 before regaining key support. BTC is currently trading at $61,500.
READ MORE: Bitcoin Rebounds Above $62,000 After Six-Week Low, Analysts Eye $63,500 Target
Historically, every four-year halving cycle has resulted in a new all-time high for Bitcoin after the event.
The price of Bitcoin typically begins to rise about a month before the halving, driven by the anticipation of increased scarcity.
However, the price does not surge immediately after the halving. Instead, it usually enters a sideways movement or consolidation phase before experiencing a bullish breakout.
Bitcoin analyst Willy Woo noted that the BTC price will recover after “weak miners die and hashrate recovers.”
He added that in 2017, the hashrate recovery took 24 days, while in 2021, it took only eight days. In 2024, the recovery has already taken 61 days.
Another popular Bitcoin analyst, Rekt Capital, said that Bitcoin continues to consolidate in the post-halving reaccumulation range.
The upper resistance level of the range is approximately $71,500, while the lower support level is around $60,600, which is the current price of BTC.
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Crypto and blockchain lawyer Irina Heaver believes the newly-released regulations in the United Arab Emirates (UAE) could effectively prohibit crypto payments in the country.
On June 5, the Central Bank of the United Arab Emirates (CBUAE) board of directors discussed projects under the financial infrastructure (FIT) program, which aims to enhance digital transformation.
During the meeting, the board approved regulations for payment token services, focusing on licensing stablecoins.
The new guidelines stipulate that payment tokens in the UAE must be backed by UAE dirhams and cannot be tied to other currencies.
Heaver told Cointelegraph that these rules essentially ban crypto payments within the UAE.
According to the regulations, the CBUAE is “prohibiting the acceptance of cryptocurrencies for goods and services unless they are licensed dirham payment tokens or registered foreign payment tokens, neither of which currently exist.”
The blockchain lawyer believes this move contradicts the UAE’s traditionally pro-commerce and pro-investment stance.
She explained, “Historically, the UAE has thrived on foreign direct investment due to its liberal policies, including the absence of capital controls and the allowance for freedom of contract under the commercial law.
“This freedom enables the parties to agree on their transaction terms, including payment methods and currencies.”
READ MORE: South Korean Think Tank Warns Against Approving Spot Crypto ETFs, Citing Financial Stability Risks
Heaver expressed concerns about the new regulations’ alignment with the country’s economic principles and their potential impact on foreign investment inflow.
Heaver also noted that Tether has been the “backbone of transactions” in Web3 and crypto.
She argues that the UAE’s new rules might hinder progress in the sector by prohibiting stablecoins in transactions.
“This policy shift could signal a less favorable environment for the crypto industry, which is not beneficial for the UAE’s image or its ambitions in the digital economy,” she added.
Moreover, Heaver highlighted the absence of strong industry associations in the UAE, like Switzerland’s Crypto Valley Association, which lobbied against unfavorable regulations by FINMA related to staking.
She said, “The absence of a united voice in the UAE’s Web3 and crypto industry is a significant disadvantage.
“Existing associations are fragmented and often serve as deal flow and business development platforms rather than advocating for the industry’s interests.”
Heaver emphasized that the lack of representation leaves policies unchallenged, which she believes could harm the growth of Web3 and crypto in the UAE.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
On June 28, 21Shares submitted an S-1 application to the United States Securities and Exchange Commission (SEC) for a spot Solana exchange-traded fund (ETF), to be named the 21Shares Core Solana ETF.
This marks the second SEC filing for a spot SOL ETF, following VanEck’s submission on June 27.
The proposed ETF is slated to trade on the Cboe BZX Exchange, with Coinbase acting as the custodian for the fund’s Solana holdings, all of which will be privately insured.
Assets of the ETF will be stored in segregated wallets on the Solana blockchain.
Unlike some other funds, the 21Shares Core Solana ETF will not engage in validating or staking SOL.
The intraday share value will be recalculated every 15 seconds, while the valuation of SOL within the fund will be determined daily at 4:00 pm ET (09:00 pm UTC).
Headquartered in Zurich, Switzerland, 21Shares is a crypto-focused financial technology firm.
It already offers ETFs for future Ether, as well as spot and future Bitcoin in the U.S. market in collaboration with ARK Invest.
Additionally, the partnership provides an ETF that invests in BTC and ETH futures, along with publicly traded equities of companies involved in the blockchain and digital economy sectors.
READ MORE: Potential U.S. Spot Solana ETFs Could Skyrocket SOL Price by Ninefold, GSR Markets Predicts
Following VanEck’s filing on June 27, the price of SOL experienced a rapid increase from $139 to $150. As of 12:00 pm ET, SOL was trading at approximately $141, according to CoinMarketCap.
Previously, on May 31, 21Shares had applied for a spot ETH ETF named the 21Shares Core Ethereum ETF, after ending its partnership with ARK Invest for that specific application.
The SEC approved the ARK 21Shares spot ETH ETF 19b-4 filing on May 23. It is worth noting that S-1 filings, such as the one for the Solana ETF, are separately reviewed and approved by the SEC.
Solana (SOL) ranks as the fifth largest cryptocurrency by market capitalization.
However, the Solana blockchain has faced criticism for experiencing frequent outages and delays in transaction processing during periods of high congestion.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Trump the Felon (TRUMPFEL) presents a similar opportunity for a limited time.
Trump the Felon (TRUMPFEL), a newly launched Solana memecoin, is poised to explode over 18,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
TRUMPFEL will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Trump the Felon.
Currently, Trump the Felon can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy TRUMPFEL on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump the Felon by entering its contract address – DspvMmTQrMCdaesTCFPf4PPGQxxRf2UPmj5b6CRUdaQf – in the receiving field.
TRUMPFEL currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.