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Last week, the SPX index was up by 0.1% following mixed performances last week, influenced by strong economic indicators and Federal Reserve's hawkish stance. The broader cryptocurrency market was up, with Bitcoin and Ether rising by 0.52% and 0.75%, respectively in the past 24 hours.
Today’s outperformer is NOT, which jumped 51.8% after Notcoin Introduces Passive Earning Missions in Telegram Game.
Notcoin (NOT), launched in November 2023, is a play-to-earn token within the TON ecosystem, featured in a Telegram-based game where players earn tokens by tapping a virtual coin and completing tasks. After its NOT token launch, Notcoin introduced "earnings missions" in its Telegram-based game, allowing players to earn crypto passively. Post-airdrop, the game achieved a substantial market cap, introducing missions that provide continuous rewards for engaging with partner crypto projects. Players increase their earnings by staking Notcoin and advancing in-game levels, with higher levels yielding greater returns. Activities include social media engagement and app downloads from partners, with top-tier players enjoying over 300% annual yield.
Taiko, an open-source Ethereum-Equivalent ZK rollup, has launched on the mainnet following two years of development. The inaugural block was proposed by Ethereum co-founder Vitalik Buterin. Taiko implements a Based Contestable Rollup (BCR) which integrates based sequencing and a contestation process with multi-proofs. This method leverages Ethereum block builders for transaction sequencing, thus inheriting the base layer's security and liveness guarantees. Initially, only the Taiko team will handle block proposing and proving to monitor network stability before allowing wider community involvement.
Category | Flow (millions) |
GBTC | - |
Non-GBTC | - |
Total | 0.0 |
Bitcoin (BTC) rose to $69,365, gaining 1.35% on May 27, driven by hopes of a September Fed rate cut and strong U.S. BTC-spot ETF inflows. The crypto market also benefited from political support, hinting at potentially softer regulations ahead. Ethereum (ETH) similarly advanced, buoyed by progress towards an ETH-spot ETF. Investors are watching for further U.S. economic data and Fed commentary, which could impact market movements. Technical analysis indicates a bullish trend for BTC, with potential to approach its all-time high.
Aligned, a proof verification layer built on EigenLayer, has launched a new potential airdrop via Galxe Quest. Participants can start their journey by completing the initial Galxe quest, with more quests scheduled to follow. Aligned has successfully raised $22.6 million in total funding.