According to Jinse Finance, after former US President Donald Trump was convicted of 34 counts in the "hush money" case, the price of Trump-themed meme coin plummeted. MAGA (code: TRUMP), the largest Trump-themed meme coin by market capitalization, dropped from $15 before the conviction to $11.27, a decrease of nearly 25%. Other related coins such as MAGA Hat (code: MAGA), Super Trump (code: STRUMP), and MAGA VP (code: MVP) also fell by 16% to 22%. At the same time, the stock of Trump Media and Technology Group (DJT) fell 9% in after-hours trading on Nasdaq. The price of the meme coin Jeo Boden (code BODEN), related to the current President Joe Biden who is competing with Trump, rose 12% within an hour. After the verdict, Trump denied all charges and called the trial "manipulated". This is the first time in American history that a president has been convicted of a high crime.

Consumer confidence in the UK has risen for the second consecutive month, mainly due to improved economic prospects and increased household budgets after inflation hit a near three-year low. The Gfk Consumer Confidence Index rose to -17 in May, the highest level since December 2021. Joe Staton, GfK's Client Strategy Director, said, "With the recent decline in overall inflation and the prospect of timely interest rate cuts, this trend is undoubtedly positive after a long period of stagnation. Consumers clearly feel that the economic situation is improving, which suggests that confidence will further increase in the coming months." GfK's indicators for personal financial prospects, savings, and overall economic prospects have all increased, but the index tracking consumer willingness to spend on big-ticket items has fallen to -26. Staton said, "This further indicates that the cost of living crisis is still a daily reality for everyone."

Golden October Data on June 5, Wednesday's survey showed that the UK's service sector rise fell from an 11-month high in April in May, and inflationary pressures fell to the lowest in three years, which may create conditions for the UK Central Bank cut interest rates later this year. The services PMI hit a six-month low of 52.9 in May. The composite PMI fell to a two-month low of 53.0 from a one-year high of 54.1 in April. According to S&P, the figure is in line with the 2nd quarter 2024 GDP rise 0.3%, and while it is an improvement from the shallow recession in the second half of last year, it is only half the growth rate of the first quarter. Both the services sector and the composite indicators saw the slowest output price growth in three years, long years. Joe Hayes, chief economist at S&P, said: "This is the third month in a row that services sales price inflation has slowed, which will be very encouraging for the UK monetary policy committee and shows that the trajectory of services prices is moving in the right direction." ”

PANews May 29th news, according to The Block, two researchers helped a man recover the lost password of his encrypted wallet from 2013, recovering nearly $3 million in value (43.6 BTC) of Bitcoin. The man used RoboForm password manager to generate the wallet password in 2013. The researchers successfully recovered the password using a vulnerability in RoboForm's early random number generator. One of the researchers, Joe Grand, is a hardware hacker. He and his friend Bruno discovered a vulnerability in RoboForm that relied on the user's computer date and time when generating passwords. Despite the fact that the vulnerability was fixed in 2015, they were still able to find the correct password by testing multiple time parameters. Michael retrieved 43.6 BTC from the wallet, worth approximately 2.96 million US dollars.

Ecological tokens are generally rising, and the 2 major altcoins that analysts focus on Web 3 will have a big increase The Avalanche ecological token has risen, AVAX has risen by more than 11% on a daily basis, and the ecological tokens $COQ and $JOE are more popular. Not only that, the Cosmos ecological token rose generally, with INJ rising 17.6% in a single day, and both $RUNE $ANKR $LOOM rose. There is also the oracle PYTH, which rose to a new all-time high of $0.9498 and is now trading at $0.9312, up 9.7% in 24 hours. Cryptocurrency analyst Michaël van de Poppe recently focused on two altcoins that are expected to have a significant impact on the Web 3.0 ecosystem. In a detailed elaboration shared on X (formerly known as Twitter), Van de Poppe introduced "modular blockchain" and "DePin" as emerging concepts that will redefine the cryptocurrency landscape. Van de Poppe highlighted the need for practical use cases, saying, "I advocate investing in projects that meet real-world use cases. Hence why I don't pay much attention to projects in the gaming, Metaverse, NFT, or meme space, [...] I'd rather focus on projects that have real-world use cases in the financial Web 3.0 ecosystem. ” Van de Poppe said that the discussion around blockchain scalability and efficiency has led to the emergence of modular blockchains. He describes modular blockchains as "the solution of the last cycle" and aims to solve the high transaction fees and scalability challenges that hinder platforms like Ethereum. "Remember the high gas fees we paid during Ethereum's bull run? Yes, that's where Layer 2 and modular blockchains originated as a potential solution to this problem. Van de Poppe explains. By splitting the traditional process of processing by a single layer, modular blockchains have the potential to dramatically increase transactions per second, solving the core scalability trilemma of decentralization, scalability, and security without making any compromises. In this new era of trendsetting projects, Celestia (TIA) and Covalent (CQT) became the favorites of Van de Poppe. According to Van de Poppe, TIA is a frontrunner in the modular blockchain space. "One of my favorites is TIA, which enhances the potential of modular blockchains," said Van de Poppe. He highlighted the project's ambition to redefine the scalability and efficiency of blockchain technology. Covalent has been praised for its comprehensive toolkit for developers, which includes a Block Explorer suite called GoldRush and analytics dashboards like Increment. "Covalent's goal is to build on the DePIN ecosystem, which means a decentralized network of physical infrastructure that essentially lays the foundational layer of the entire financial Web 3.0 ecosystem," said Van de Poppe. ” Van de Poppe delved into Covalent's contribution, highlighting that the project's goal is to secure a structured dataset from more than 215 blockchains and integrate artificial intelligence by analyzing 100 billion transactions. This integration aims to boost AI consumption, training, and product development. "Covalent promotes decentralized indexing, enhances network resilience and reduces reliance on a central entity," he noted, and underscored the project's commitment to decentralization. In addition, the activation of the revenue fee switch connected to the Premium API since February marks the maturity of Covalent's economic model and its efforts to achieve full Ethereum Virtual Machine (EVM) state data retrievability. CQT price rose above the 20-week and 100-week EMAs in mid-February, creating bullish momentum. The current price target is the 0.236 Fibonacci retracement level of $0.53 on the 0.53-week chart. However, it is worth noting that despite the bullish sentiment in the cryptocurrency market, the price is still around 80% from its all-time high. For Celestia (TIA), the situation looks completely different. The price is only 20% below its all-time high and is trading above the 0.236 Fibonacci retracement level on the 1-day chart. (Source: Jake Simmons)

Odaily Planet Daily News According to Lookonchain monitoring, a smart money has made profits on multiple Meme coins, including: profit of $2.42 million (+867%) on PEPE; On pepecoin, profit $663,000 (+2651%); Earning $110,000 (+171%) on JOE.

Crypto Narratives List The listed narratives vary in age and popularity, and I won't be discussing their potential or which ones to choose in this post, nor will I provide extensive technical analysis unless requested. The list is presented in no particular order and includes the following: Real Yield, which includes tokens like $CRV$, $FXS$, $GMX$, and $DPX$. Real World Assets (RWA), which includes tokens like $MKR$, $CFG$, $GFI$, $MPL$, and $TRU$. Liquid Staking Derivative (LSD), which includes tokens like $LDO$, $FXS$, and $RPL$. ZK-EVM, which includes tokens like $KNC$ and $ROSN$. Soulbound token (SBT), which includes tokens like $GFI$. On-chain Option trading, which includes tokens like $HEGIC$ and $RBN$. Modular blockchains, which include tokens like $CELT$. Artificial Intelligence (AI), which includes tokens like $OCEAN$, $FET$, $AGIX$, $ORAI$, and $RNDR$. Layer2 (L2), which includes tokens like $OP$, $MATIC$, and $METIS$. Composable Networks, which includes tokens like $GMX$ and $CRV$. Perpetual DEXes, which include tokens like $GMX$, $GNS$, $DYDX$, and $WOO$. Gaming/Metaverse, which includes tokens like $APE$, $MANA$, $AXS$, $SAND$, $MAGIC$, and $ILV$. Omnichain, which includes tokens like $STG$, $RDNT$, and $JOE$. Crosschain, which includes tokens like $ROUTE$, $CHNG$, and $HFT$. Privacy, which includes tokens like $ROSE$, $RLC$, $CSIX$, and $NYM$.

PANews May 24th news, according to Cointelegraph, Bloomberg ETF analyst James Seyffart has always said that the approval of the Ethereum spot ETF's S-1 may be completed "in a few weeks", but he also pointed out that "it may take longer" because the process usually takes up to five months. However, Bloomberg ETF analyst Eric Balchunas responded, "It is definitely possible in mid-June." Balchunas expects that there will only be one round of comments on the amended S-1 document, similar to the feedback provided by the SEC to applicants for spot Bitcoin ETFs. He pointed out that this process takes about two weeks, which is how he came up with the estimated result in mid-June. However, Gabriel Shapiro, the general counsel of Delphi Labs, pointed out that the approval from the U.S. SEC was made by its Division of Trading and Markets under "authorization," and claimed that any of the five SEC commissioners would have the right to challenge this decision within the next 10 days. Joe Carlasare, a digital asset lawyer, said that while theoretically someone could question this decision, "in practice, they won't." He said, "They wouldn't approve this decision from the Division of Trading and Markets without making sure there's no commissioner opposing it." Seyffart seems to disagree with this view, noting that making decisions in an authorized manner is the "norm" because requiring a formal vote for every decision and document would be "insane." He added that requesting a review is unlikely to have any impact on the approval result.