Latest Crypto News (29.05.2024)

BitKan News: $ETH is down -0.8% (Past 24H). As of 24 May 2024, the Grayscale Ethereum Trust (ETHE) sits at a daily premium discount of -1.27%. Less than 2 weeks ago, the premium was over -23%. The general sentiment on Twitter signals that ETH is unlikely to drop under $3,000 for the rest of the year of 2024.

BitKan
BitKan Hub
4 min readMay 29, 2024

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🚨 What Happened In Crypto Over The Last 24 Hours? 🚨

$BTC $BTC is down -1.1% (Past 24H). According to historical data, BTC needs to experience a negative monthly candle for 3 months to signal the end of a bull market. It has yet to produce such a sign.
Significance: ★★★★☆

$ETH $ETH is down -0.8% (Past 24H). As of 24 May 2024, the Grayscale Ethereum Trust (ETHE) sits at a daily premium discount of -1.27%. Less than 2 weeks ago, the premium was over -23%. The general sentiment on Twitter signals that ETH is unlikely to drop under $3,000 for the rest of the year of 2024.
Significance: ★★★☆☆

$TIA — $TIA is up +12.1% (Past 24H). According to @RyanWatkins_, the modular narrative is primed for a massive comeback.
Significance: ★★☆☆☆

$LADYS — $LADYS is up +28.4% (Past 24H). DWF Labs CEO Andrei Grachev reveals plans to invest in meme coins. After the tweet, DWF Labs transferred $5M to the devs of LADYS.
Significance: ★★☆☆☆

$SHIB — $SHIB is up +9.74% (Past 24H). Coinbase will list $BONK, $FLOKI, and $SHIB on its futures trading platform on May 30.
Significance: ★★☆☆☆

• $NVDA is reaching new ATHs. Nvidia will undergo a 10:1 stock split on June 7. If it flips Apple’s market cap, funds from memecoins may shift back to AI. $RNDR

• Coinbase will list $BONK, $FLOKI, and $SHIB on its futures trading platform on May 30. (ICYMI)

• $BNB — Binance will start $LISTA farming on Binance Megadrop on May 30. Users can lock BNB to farm LISTA tokens until June 19.

• $ENS — Ethereum Name Service has announced ENSv2, proposing to extend ENS protocol to Layer 2.

• $EOS — EOS Network Foundation has announced significant changes to EOS Tokenomics with the System Contracts v3.4.0 release.

• $FRIEND — Friendtech has announced that Club Wars will begin soon.

• $FTM — Fantom has announced partnership with Google Cloud to launch initiatives for developers to build next-gen dApps.

• $LADYS — DWF Labs CEO Andrei Grachev reveals plans to invest in meme coins. After the tweet, DWF Labs transferred $5M to the devs of LADYS.

• $MAGIC — Treasure CEO @karelvuong has teased a new FOCG game release. Details will be revealed soon.

• $SAGA — Saga has announced the launch of multiple pilot games on Saga chainlets this week.

• $STRK — Starknet Foundation has announced the launch of the Catalyst ecosystem program with 20M STRK for grants.

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