Sonic, Gaming-Focused Layer-2 Chain on Solana, Raises $12M
Chris Zhu, CEO and founder of Sonic (Robin Huang/Mirror World Labs)
First Mover Americas: Crypto Majors Slide Further; SOL, DOGE Among Worst Affected
The latest price moves in bitcoin (BTC) and crypto markets in context for June 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Renzo Capitalizes on Restaking Frenzy to Raise $17M From Galaxy, Brevan Howard
Funds will be used towards expanding the project’s restaking services, including adding support for ERC-20 tokens.
AI-Related Coins Slide as Google Search Shows Peak Retail Investor Interest
Spikes in crypto-related Google search queries have historically occurred at major market tops, validating legendary investor Warren Buffet’s mantra of buying in doom and selling in boom.
Dogecoin Bulls See $60M Liquidations in Biggest Hit Since 2021
Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as 10%.
FTX Victims View Bankruptcy Process as ‘Second Act of Theft,’ File to Recover $8B in Forfeited Assets
FTX’s victims are seeking a court hearing to rule on their claim that all the failed crypto exchange’s forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate.
XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles
Fairlead’s 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETH.
Dogecoin, Solana Lead Crypto Majors Plunge as Bitcoin Falls Below $66K
Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said.
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‘DJT’ Solana Token Surges on Unconfirmed Report Trump’s Behind It
The former president’s son Barron is spearheading the project, Pirate Wires reported on X, without naming its sources.