Author: James Wilson
Bitcoin’s slow grind after the Iran strike couldn’t compete with SHX’s double-digit surge, highlighting increased interest in tokens associated with real-world applications and lower energy footprints. According to CoinMarketCap data, the Stronghold (SHX) token jumped 12% on June 2, sharply outperforming majors like Bitcoin (BTC) and Ether (ETH), which posted modest gains of 3.86% and 5.5% respectively. SHX climbed from a daily low of $0.01125 to as high as $0.01280 at the time of writing, extending a 40% monthly gain that has placed it among the stronger-performing tokens in Q2, according to price data. SHX’s price action on Monday appeared…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Ethereum (ETH) stands at a crossroads. Zero-knowledge proofs, or ZKPs for short, are set to become the backbone of a privacy-preserving, scalable blockchain future, with estimates predicting 90 billion proofs generated annually by 2030. Yet Ethereum’s main chain, even with its remarkable evolution, simply cannot handle this deluge. The gas costs and block space constraints make onchain verification completely impractical, like trying to fit an ocean through a straw. Just as alternative data availability, or DA for…
Memecoin launchpad Pump.fun has once again postponed its token auction, amid legal troubles and a social media ban. Solana-based (SOL) memecoin launchpad is once again facing issues. On Friday, reports emerged that Pump.fun would postpone its public token sale yet again. Originally scheduled for June 25, the platform had planned to raise $1 billion at a $4 billion valuation. According to crypto news reporter Colin Wu, the team now expects the auction to take place in mid-July. The team stated that planning for the token launch began in 2024 but noted that the launch has already been postponed several times.…