Crypto NewsPaper 🗞️

📰 Chainlink Data Feeds Are Now Live on Starknet, Accelerating DeFi Development and Ecosystem Adoption Through the Chainlink SCALE program ➡️ Chainlink, the industry-standard decentralized computing platform, and Starknet, the secure scaling technology bringing Ethereum's benefits to the world, announced today that Chainlink Data Feeds, the industry-leading data solution for DeFi, are now live on Starknet mainnet. Starknet is an ecosystem that helps developers to overcome Ethereum's scalability limitations while ensuring computational integrity. The addition of Data Feeds offers support for developers who are building highly scalable and secure DeFi applications on Starknet.

📰 NFT market had its best quarter since early 2023, DappRadar says ⏺Non-fungible tokens (NFTs) witnessed their best quarter in Q2 as the sector of digital collectibles saw a 28% increase in sales count, reaching levels last seen in Q1 2023. 🗣In a recent research report, analysts at DappRadar revealed that NFTs recorded $4 billion in trading volume in Q2, marking a 3.7% increase compared to Q4 2023.

📰 METAVERSE ADVERTISING INDUSTRY TO GROW BY 315% AND HIT A $7.5 BILLION VALUE BY 2030 📰 Although the gaming and ecommerce sectors have seen the most significant adoption of the metaverse technology in recent years, its use in other markets like digital marketing will explode in the future. 📰According to data presented by OnlyAccounts.io, the global metaverse advertising industry is expected to grow by 315% and reach a value of $7.5 billion by 2030.

📰 Bitcoin volatility sees futures slump, while options open interest spikes 🟢Bitcoin's recent volatility sent shockwaves through the derivatives market, particularly between June 23 and June 27 when BTC's value slipped below the crucial $60,000 mark. This price movement triggered a cascade of events. Open interest in Bitcoin futures plummeted significantly due to margin calls and forced liquidations, creating a feedback loop of sell-offs. But while futures traders were pulling out, another curious trend was emerging in the options market.

📰 Bitcoin Treasury Firm DeFi Technologies Claps Back at Report That Tanked Its Stock 📰 One of the most high-flying crypto stocks came crashing back to Earth this week after a report argued that it wasn’t rising “for the right reasons.” Today, the company issued a strenuous defense of its business. In its Tuesday issue, crypto newsletter CoinSnacks outlined an extensive marketing campaign undertaken over the past few months to provide positive coverage for DeFi Technologies (DEFI)—a Toronto-based crypto fund provider that publicly trades on Canada’s Chicago Board Options Exchange (CBOE).

📰 New report shows how Sushiswap led CORE’s 74% QoQ DeFi TVL growth 📰 In Q1 2024, Core Chain’s market capitalization soared to $1.21 billion, marking a 144% quarter-over-quarter surge in the Core token price, driven by a 1% increase in its circulating supply. This growth elevated CORE’s CoinMarketCap rank from 119 to 58. The Core blockchain is a layer one blockchain that utilizes and supports Bitcoin miners (and holders) on an EVM-compatible chain. It is designed to solve the blockchain trilemma by leveraging a unique two-way consensus mechanism called Satoshi Plus.

📰 Spot Ethereum ETF issuers still waiting on SEC for first round of S-1 comments: Sources 🟢Prospective spot Ethereum ETF issuers are still waiting on the SEC to provide comments on their S-1 filings after they submitted first drafts on May 31, according to two sources. 🟢The issuers had been anticipating the SEC would provide comments on these drafts on June 7, according to one source based on conversations with the agency. Yet, at least two issuers have not received anything yet. One source said they now anticipate comments to come back this week.

📰 BitMEX offers 200x leverage for ether perpetuals ahead of anticipated US spot ETFs 📰 The Seychelles-based crypto derivatives exchange announced on Wednesday that it will increase the maximum leverage of its ether perpetuals product to 200x. 📰The leverage boost comes in the wake of the recent U.S. Securities and Exchange Commission (SEC) regulatory approval of spot ether ETFs, which has heightened market volatility.

📰 Walmart’s 3D e-commerce platform Realm is the retailer’s latest metaverse bet 📰 Launched on Wednesday, the new e-commerce platform from the world’s largest retailer lets people shop digital doubles of select products sold at real-life Walmart stores via virtual bazaars designed to look like outlandish, make-believe worlds. 📰There’s “So Jelly,” an underwater universe, “Y’allternative,” a frontier where the Wild West meets Gothic aestheticism and “Go Chromatic,” a metallic environment seemingly set in the middle of outer space.

📰 Milady NFTs Soar Amid NFT Market Volatility 📰 As ETH rallied over the past two days, traders sold off most major Ethereum NFT collections, such as Azuki and the Mutant Ape Yacht Club, but Miladies and related NFTs are bucking the trend. While most collections trended downwards or remained flat, the Milady floor price soared 35% from 4 ETH ($14,800) to a high of 5.8 ETH ($21,500) in a matter of hours. While there is no clear catalyst for the rally, the momentum has been sustained as the collection still sits at a 5.5 ETH floor.