Author: Admin_Up

  • Bybit Supports Base Mainnet Upgrade

    Bybit Supports Base Mainnet Upgrade

    Bybit to Support Base Mainnet Network Upgrade

    Cryptocurrency exchange Bybit has announced its support for the upcoming Base Mainnet v1.1.1 network upgrade. The upgrade is scheduled to occur on June 25, 2026, at 6:00 PM UTC.

    Service Suspensions

    To facilitate a seamless transition during the upgrade process, Bybit will temporarily suspend deposits and withdrawals on the Base Mainnet. This suspension will commence on June 25, 2026, at 5:45 PM UTC.

    Unaffected Services

    Trading activities on the platform will remain unaffected by the network upgrade.

    Resumption Notifications

    Bybit will not issue separate announcements regarding the resumption of deposit and withdrawal services. Users seeking to be notified when these services are back online are advised to visit the Deposit or Withdrawal page and activate the “Set Alert” feature.

    Further details regarding the network upgrade can be found in the official release notes.

  • Bybit Lists Zero Gravity (0G) Network Upgrade

    Bybit Lists Zero Gravity (0G) Network Upgrade

    Bybit to Support Zero Gravity Network Upgrade

    Cryptocurrency exchange Bybit has announced its support for the upcoming Zero Gravity (0G) v1.0.6 network upgrade. The upgrade is scheduled to occur on June 26, 2026, at 00:00 AM UTC.

    In preparation for the upgrade, Bybit will temporarily suspend deposits and withdrawals for the Zero Gravity (0G) network. This suspension will commence on June 25, 2026, at 11:30 PM UTC.

    Trading activities on the platform will remain unaffected during this period.

    Bybit has stated that there will be no separate announcements regarding the resumption of deposit and withdrawal services. Users wishing to be notified when these services are back online are advised to visit the Deposit or Withdrawal page and activate the “Set Alert” function.

    Further details regarding the network upgrade can be found in the official release notes.

  • Bybit to Support Polygon Network Upgrade

    Bybit to Support Polygon Network Upgrade

    Bybit to Support Polygon Network Upgrade, Halting Deposits and Withdrawals Temporarily

    Cryptocurrency exchange Bybit has announced its support for the upcoming Polygon (POL) network upgrade, version 0.9.0. The upgrade is scheduled to occur on June 25, 2026, at 2:00 PM UTC.

    In preparation for the network enhancement, Bybit will temporarily suspend all deposits and withdrawals for Polygon (POL) starting at 1:45 PM UTC on June 25, 2026. The exchange has assured users that trading activities will remain unaffected during this period.

    Bybit has stated that no further announcements will be made regarding the resumption of deposit and withdrawal services. Users seeking to be notified when these services are back online are advised to visit the Deposit or Withdrawal page and activate the “Set Alert” feature.

    Further details concerning the Polygon network upgrade can be found in the official release notes.

  • Pump.fun Tokens Face Near-Total Launch Day Collapse: CoinGecko

    Pump.fun Tokens Face Near-Total Launch Day Collapse: CoinGecko

    Nearly 70% of Tokens Launched on Solana’s Pump.fun Cease Trading on Launch Day

    A significant majority of meme coins introduced on the Solana-based launchpad Pump.fun since January 2024 have failed to sustain trading activity beyond their initial day of release, according to a new analysis by CoinGecko.

    The study, which examined over 18.67 million tokens launched on the platform (excluding those with no trading activity whatsoever), found that approximately 69% of these tokens, equating to around 12.8 million, saw their final trade on the same day they were created. This indicates that these tokens did not remain active for more than a single calendar day. Overall, only about 850,000 tokens, representing 4.55% of all launches, managed to survive for longer than 90 days.

    In its latest report, CoinGecko attributed this high failure rate to the ease with which tokens can be created on Pump.fun. The platform’s low barriers to entry enable creators to launch a large volume of tokens and quickly pivot to new projects if initial interest fails to materialize.

    An additional 2.18 million tokens ceased trading just one day after their launch, meaning they carried over into the next calendar day but could not maintain engagement. CoinGecko suggested this pattern is consistent with tokens that briefly gained visibility through trending feeds or influencer mentions before interest rapidly dissipated. Combined, approximately 15 million tokens stopped trading either on their launch day or the following day, indicating that over 80% of all analyzed tokens failed within the first two days.

    Furthermore, there has been a consistent decline in token survival rates beyond the initial few days. Around 770,249 tokens, or more than 4%, remained active for two to three days, while 642,614 tokens, or 3.4%, survived between four and seven days. Another 460,697 tokens, representing 2.5%, continued trading for eight to 14 days.

    The broader meme coin market has been experiencing a downturn for months, having lost the strong momentum observed during the previous market cycle. Several recovery attempts this year have failed to gain significant traction, leaving many popular tokens trading well below their previous all-time highs. Recent market volatility has further intensified this pressure.

    For instance, the original meme coin, Dogecoin (DOGE), has seen a decline of nearly 25% over the past month. Shiba Inu (SHIB) also experienced a drop of nearly 20% during the same period, while Pepe (PEPE) shed over 27%.

  • Bitcoin Plummets: The Hidden $23K Collapse Revealed

    Bitcoin Plummets: The Hidden $23K Collapse Revealed

    Bitcoin’s Steep Decline: A Six-Week Meltdown

    The age-old adage, “sell in May and go away,” has once again proven prescient for the cryptocurrency markets. Merely six weeks ago, Bitcoin had seemingly reasserted its dominance above the $80,000 mark, even soaring to a multi-month high of nearly $83,000. Sentiment was on an upward trajectory, with some analysts forecasting a summer surge to $100,000.

    However, the market sentiment took a sharp and brutal turn, leading to a vigorous rejection of Bitcoin’s ascent. The subsequent decline has been nothing short of precipitous, with the digital asset dropping below $60,000 earlier today for the second time in June.

    Amidst the market’s slide to fresh lows, popular analyst Ali Martinez highlighted the Coinbase Premium metric. CryptoPotato had previously reported on Bitcoin’s dip below $60,000, noting its ability to hold above the $59,000 level before reclaiming its previous position.

    Martinez pointed to the Coinbase Premium as the most significant indicator over the past six weeks, which tracks the price difference of Bitcoin on Coinbase compared to Binance. Typically, a positive (green) premium signifies robust accumulation by U.S. investors, often institutional players, on Coinbase, driving its price higher than on international exchanges.

    Conversely, the past 46 days have seen a consistent absence of this “green” trend. As Martinez explained, “A negative premium means BTC is trading cheaper on Coinbase, suggesting that US institutional buying pressure has dried up.”

    He posits that this slowdown mirrors the significant outflow from U.S.-based spot Bitcoin Exchange-Traded Funds (ETFs). These funds have experienced approximately $5 billion in redemptions within the same timeframe, indicating that “American smart money appears to be sitting on the sidelines, waiting for macroeconomic clarity before re-entering the accumulation phase.”

    As previously noted, the performance of these ETFs is among several potential catalysts for Bitcoin’s recent downturn. Other contributing factors include geopolitical uncertainties, such as the conflict involving Iran, a strengthening U.S. dollar, and even profit-taking by long-term investors. However, a notable emerging concern is the FUD surrounding Strategy and its Stretch shares.

    Strategy’s STRC shares have fallen below their par value of $100, currently trading at a substantial discount of $80. This situation places increased pressure on the company’s Bitcoin acquisition strategy, disrupting its “flywheel” effect and potentially forcing it to offer higher yields. Some analysts suggest this could lead to significant Bitcoin sales by Strategy.

  • Microsoft AI Forecasts Massive Solana Surge by 2026

    Microsoft AI Forecasts Massive Solana Surge by 2026

    Microsoft Copilot AI has projected a range for Solana’s price by the end of 2026, with estimates varying from plausible to highly ambitious, contingent on the performance of the next two quarters. The model suggests a base bull market range of $250 to $400, with a potential “blow-off” scenario reaching as high as $600.

    Bull Case Drivers

    The optimistic outlook for Solana is underpinned by three specific developments, rather than generalized optimism.

    The Alpenglow upgrade is enhancing validator efficiency and network throughput, directly reinforcing Solana’s core proposition as the fastest blockchain available.

    Furthermore, inflows into spot Bitcoin ETFs have already surpassed the billion-dollar mark, indicating a tangible commitment of institutional capital, not merely speculative projections.

    Real-world adoption is also gaining traction, exemplified by Western Union’s integration of Solana-based stablecoin payments into its network. This use case extends significantly beyond typical cryptocurrency trading activities.

    Developer activity provides further support, with Solana’s share of active developers consistently increasing, solidifying its position as a leading high-performance blockchain. If improvements in validator performance, sustained ETF demand, and continued enterprise adoption compound, the model forecasts a trajectory toward the $250 to $400 price zone, with $600 remaining a possibility if all favorable factors align simultaneously.

    Bear Case Considerations

    The pessimistic scenario highlights what is currently lacking. The total value locked in decentralized finance (DeFi) has decreased by half from its 2025 peaks, fee revenue driven by memecoins has largely collapsed, and the substantial ETF inflows have yet to translate into sustained price appreciation.

    Should macroeconomic conditions tighten further, or if the network encounters new performance issues, Solana could potentially retrace to the $60 to $70 range and consolidate there, rather than breaking out to higher levels.

    Technical Analysis

    Solana is currently trading at $69.41, following a significant decline from its summer highs above $250. This downward movement has been characterized by a prolonged downtrend with only minor upward corrections.

    The price recently rebounded from a low near $60 in early June and has seen modest gains since, currently hovering just below $70. This formation of a higher low after a steep decline can often signal a weakening of selling momentum.

    Immediate resistance is observed around $90, followed by a more significant barrier at $100, a level where the price has stalled on multiple occasions this year. Support remains at $60, the same level that held during the most recent dip.

    The Relative Strength Index (RSI) stands at 42.58, with its signal line at 43.79, indicating that momentum is slightly below its average and has remained relatively flat following the recent bounce. This narrow gap suggests that the rebound from the lows has not yet translated into robust underlying strength.

    Overall momentum appears to be stabilizing rather than trending decisively in either direction. Given the current disconnect between the substantial ETF inflows and Solana’s price action, a clear break above $100 may be necessary before the $250 target begins to appear more attainable than aspirational.

    Market Dynamics and Infrastructure Plays

    Major cryptocurrencies like Bitcoin, Ethereum, and XRP have been testing persistent resistance levels for weeks without significant breakthroughs.

    The timing of macroeconomic catalysts and institutional adoption trends often shifts, leading to extended waiting periods for assets whose future performance hinges on external decisions.

    Profitable market cycles are often driven by capital that moves proactively, relocating before the ultimate destination becomes widely recognized.

    Smaller market capitalization infrastructure projects operate on different principles than large-cap assets. A capital rotation that would be negligible for Bitcoin can significantly impact the valuation of an undiscovered project. The opportunity lies in the discrepancy between a project’s intrinsic value and its current market valuation, a gap that closes upon market discovery.

    Multi-chain fragmentation poses a persistent and costly challenge in DeFi, with networks like Bitcoin, Ethereum, and Solana operating as isolated systems lacking native interoperability. Each transfer of value between these chains incurs costs through fees, slippage, and failed transactions.

    LiquidChain aims to address this by enabling free cross-chain transactions within a unified execution environment, offering single deployment and complete ecosystem access without transaction taxes. The project’s presale is currently priced at $0.01454, having raised over $860,000, positioning it as an early-stage opportunity.

    However, the execution and adoption of LiquidChain remain unproven. Established assets offer predictability within known market parameters, whereas LiquidChain represents an entry point that may cease to exist once it gains market recognition.

  • Standard Chartered: Aave Token Poised for 50x Surge by 2030

    Standard Chartered: Aave Token Poised for 50x Surge by 2030

    Standard Chartered Bets Big on Aave, Projecting 50-Fold Token Surge by 2030

    Analysts at Standard Chartered are making a bold prediction for Aave, a leading decentralized finance (DeFi) lending platform, forecasting its native token could experience a nearly 50-fold increase from current levels by the end of the decade. This optimistic outlook comes just months after the protocol faced significant disruption from a major ecosystem exploit.

    In a research note published Wednesday, Geoff Kendrick, the bank’s global head of digital assets research, initiated coverage of Aave’s token (AAVE) with a price target of $3,500 by the close of 2030. This represents a substantial jump from its approximate $70 valuation at the time of the report’s release.

    The bank anticipates a phased ascent for the token, projecting it to reach $180 by the end of this year. This will be followed by accelerated growth to $600, $1,200, and $2,200 over the subsequent three years, ultimately leading to the ambitious 2030 target.

    AAVE previously reached an all-time high above $661 in 2021. However, it has not approached that peak since, even with a rally to nearly $400 in late 2024 following President Donald Trump’s reelection.

    This renewed optimism emerges after a challenging period for Aave, a platform that facilitates lending and borrowing without intermediaries. An April theft of $291 million from KelpDAO, a smaller DeFi platform, had ripple effects that impacted Aave’s liquidity and prompted many DeFi users to withdraw their assets.

    Since the incident, deposits on the Aave platform have approximately halved, dropping from $44 billion to $23 billion. Similarly, active loans have decreased from $18 million to $9.5 billion within the same timeframe. Standard Chartered noted that Aave’s market share in the broader lending sector has fallen to 38% of deposits, down from an average of 59% in the year prior to the exploit.

    Standard Chartered contends that the negative impact has largely subsided. They point to a new risk framework proposed by Aave founder Stani Kulechov and a recent increase in deposits from a June low as indicators of recovery. The bank’s core conviction, however, rests on the broader trajectory of decentralized finance. They forecast that the value of tokenized assets within DeFi will grow by a factor of 37, reaching $2.7 trillion by 2030. This expansion is expected to be driven by the proliferation of stablecoins, the integration of tokenized real-world assets from traditional finance giants, and rising cryptocurrency prices.

    Given that Aave primarily generates revenue through the spread between deposit interest rates and borrower fees, the bank argues that its earnings, and consequently its token price, should closely mirror this projected growth.

    Despite the optimistic outlook, the forecast is subject to considerable uncertainty. Standard Chartered itself acknowledges that scaling Aave’s institutional lending division, known as Aave Horizon, is “achievable but not yet proven.” Success in this area hinges on partnerships with traditional finance firms, which have yet to materialize on a significant scale.

    Furthermore, digital asset prices remain inherently volatile. Bitcoin experienced a drop to a 21-month low on Wednesday, with most other major assets following suit. AAVE briefly rose above $77 earlier in the day following the report’s release, but subsequently relinquished most of those gains as the broader market faltered. However, the token has since climbed above $79, marking a nearly 9% increase for the day as Bitcoin begins to show signs of recovery.

    In addition to its $3,500 price target for AAVE by the end of 2030, Standard Chartered’s report also set price targets of $40,000 for Ethereum (currently trading around $1,614) and $500,000 for Bitcoin (currently valued at $60,831).

  • Meme Traders Bet Big on Wendy’s

    Meme Traders Bet Big on Wendy’s

    Bitcoin’s value is declining on Wednesday, but retail investors are shifting their attention to another risk asset, fueling a nearly 26% surge in shares of the fast-food chain Wendy’s (WEN).

    Wendy’s Stock Soars Amidst Reddit Buzz

    The stock of the McDonald’s and Burger King competitor, which had fallen to as low as $6.08 per share in early week trading, closed Wednesday at $7.86. This represents a daily increase of over 25%, following a post on Reddit that identified the company as a franchise in need of rescue. Wendy’s shares climbed to a high of $8.89 during Wednesday’s trading session and continued to rise in after-hours trading as of this report.

    “Save Wendy’s” Movement Gains Traction

    A post titled “We need to save Wendy’s” has garnered over 18,000 upvotes on the popular investing forum r/WallStreetBets. This platform rose to prominence for its role in initiating the GameStop meme stock saga, driven by the rallying calls of Keith Gill, also known as RoaringKitty.

    The Reddit post states, “We need to save Wendy’s before it’s too late,” emphasizing the company’s significant share price decline in recent years. It adds, “If this company goes bankrupt, we’ll all be out of a job!”

    Trading Volume Explodes

    Beyond the dramatic share price increase, trading volumes for Wendy’s have also surged. More than 203 million shares changed hands before the market close on Wednesday. In comparison, the stock typically sees an average of less than 10 million shares traded daily, according to data from Yahoo Finance, marking a 1,970% increase.

    Despite Wednesday’s rally, Wendy’s shares remain down 36% over the past year and 66% over the last five years, according to Yahoo Finance data.

    Retail Investor Activity Intensifies

    In addition to the prominent call for action, numerous individual posts on r/WallStreetBets have showcased purchases of Wendy’s shares or long options trades, which are speculative bets on an upward price movement.

    This surge in interest has propelled Wendy’s ticker to the number one trending spot on StockTwits, a financial social media platform that monitors posts and sentiment surrounding various assets.

    Crypto Market Echoes Trend

    Unsurprisingly, cryptocurrency investors have also sought to capitalize on the trend. A meme coin version of the stock, branded as WEN and created on the token launchpad Pump.fun, has seen its market capitalization jump to $439,000 on the Solana blockchain in the past 24 hours, representing a gain of over 1,450%.

    A pinned comment on the popular Reddit post indicates that the original poster has promoted this same token, which begins with the Solana address “Eav7v,” in their site bio.

    The r/WallStreetBets forum has a history of propelling similarly situated companies in traditional markets, leading to sharp stock movements for entities such as AMC Entertainment (AMC), Blackberry (BB), and Bed Bath & Beyond (BBY) in the past.

  • Kalshi Sues Illinois Over Sports Prediction Market Tax

    Kalshi Sues Illinois Over Sports Prediction Market Tax

    Kalshi Sues Illinois Over Prediction Market Tax

    Kalshi filed a lawsuit against Illinois on Wednesday, asserting in federal court that the state lacks the authority to impose taxes on prediction markets.

    The legal challenge comes after Illinois Governor JB Pritzker signed a bill into law last week. This legislation not only establishes a statewide tax on cryptocurrency transactions but also creates a “Sports Wagering Fund.” Beginning July 1, this fund will levy a 15% tax on the gross receipts derived from sports-related prediction market wagers.

    In justifying the taxation of these wagers, Illinois has contended that sports-related prediction markets function as a form of state-regulated sports betting. This stance directly contradicts the argument put forth by industry leaders and the Trump administration, which maintain that these markets are swaps overseen by the Commodity Futures Trading Commission (CFTC) at the federal level.

    Kalshi’s lawsuit argues that the state has no right to tax its sports-related income, asserting that such income does not constitute gambling-related revenue.

    “On July 1, 2026… Kalshi will be subject to criminal penalties in Illinois unless it either ceases to offer Illinois residents sports event contracts that are perfectly lawful in the eyes of Kalshi’s exclusive federal regulator or pays Illinois millions of dollars and submits to the state’s regulatory regime,” the complaint states.

    Kalshi’s legal action mirrors a move by the Trump CFTC, which last week amended an existing lawsuit against Illinois to protest the state’s new tax. The CFTC also filed a motion for a preliminary injunction, seeking to block Illinois from implementing the law next week.

    These disputes over the new Illinois tax represent the latest development in an ongoing, nationwide jurisdictional battle between states and the federal government concerning the future of prediction markets. The Trump administration has actively supported the rapidly growing sector, even as both Republican and Democratic states argue that platforms like Kalshi and its competitor, Polymarket, are offering unregulated gambling to individuals as young as 18.

    With lawsuits on this matter currently active in nearly every federal jurisdiction, the U.S. Supreme Court is likely to be the ultimate arbiter of this issue.

  • Altman’s AI Forecasts SpaceX Stock Price by 2026

    Altman’s AI Forecasts SpaceX Stock Price by 2026

    ChatGPT AI has offered a projection for SpaceX’s stock price, viewing the recent market pullback as a potential opportunity rather than a cause for concern. The artificial intelligence model forecasts a price range of $220 to $280 by the close of 2026, with an optimistic scenario extending to $320.

    Bullish Outlook

    The optimistic case for SpaceX hinges on its unique position as a conglomerate of diverse businesses operating under a single stock ticker. Currently trading at $156, the AI model interprets this as a foundation for growth rather than an inflated target.

    SpaceX operates at the nexus of satellite internet dominance, commercial launch leadership, significant defense contracts, and the development of next-generation space infrastructure. Concurrently, its Starlink service is rapidly expanding into a substantial, revenue-generating enterprise. The burgeoning investor interest in artificial intelligence further bolsters this outlook, particularly given the company’s increasing involvement through its integrated AI operations.

    Analysts anticipate that escalating government and military demand could provide sustained support through the latter half of 2026. Furthermore, any tangible advancements in the Starship program would offer a compelling new narrative for investors to rally behind.

    Should market risk appetite broadly return and investors continue to assign premium valuations to this multifaceted business model, the AI model suggests $250 as a realistic year-end target. A price of $300 or higher could be attainable if the company demonstrates strong execution and market conditions remain favorable.

    Bearish Considerations

    The primary concern for a bearish outlook is valuation. The current stock price already reflects significant future expectations, leaving minimal room for error or disappointment.

    Potential headwinds include a slowdown in Starlink subscriber growth, delays in the Starship program, broader market weakness, or the typical selling pressure that can follow an initial public offering as lock-up periods expire. These factors could potentially keep shares trading within the $130 to $180 range, hindering upward momentum.

    Technical Analysis

    The intraday chart reveals SpaceX trading at $156.06 following a volatile initial two weeks as a publicly traded company. The stock experienced a sharp surge from its IPO price into the low $220s before experiencing a significant decline. It subsequently traded in a pattern of lower highs as it moved back towards the $150 mark.

    Such an explosive debut followed by a swift correction is not uncommon for mega-cap IPOs, as early momentum traders take profits and lock-up expirations begin to influence market sentiment.

    The price recently found support around the $150 level, rallied towards $190, and then retreated again to the current $156 level, placing it in the middle of its post-IPO trading range.

    Immediate resistance is observed near $165, followed by a more significant ceiling around $190, where the last attempt at a bounce stalled. Support remains at $150, the same level that provided a floor during the sharpest phase of the recent sell-off.

    The Relative Strength Index (RSI) is currently at 35.91, compared to a signal line of 46.20. This indicates that momentum is well below its average and firmly in weak territory based on the stock’s short trading history. The substantial negative divergence suggests that sellers are currently in control.

    Overall momentum appears fragile rather than stabilizing. Given the recency of the listing, SpaceX will likely need to maintain the $150 support level and reclaim $190 before the $250 target can be considered more than a long-term bet on the company’s narrative rather than its immediate technical outlook.

    The rotation is already underway, though its full impact may only be apparent in hindsight.

    Large-cap cryptocurrencies are not failing but rather reaching market caps that limit further significant upside. Bitcoin, Ethereum, and XRP have been consolidating against similar resistance levels for weeks, while macroeconomic tailwinds continue to be delayed. Institutional inflows are being postponed to subsequent quarters. Holding assets whose performance relies on uncontrollable catalysts is akin to waiting rather than executing a strategy.

    Capital that has experienced multiple market cycles tends to move proactively before a destination becomes obvious, rather than waiting at resistance levels.

    Early-stage infrastructure projects operate on a fundamentally different financial model. A smaller market capitalization means that even a modest rotation can lead to dramatic price movements. This asymmetry arises because the market has not yet fully priced in the value of what is being developed. The returns are generated from the gap between the current valuation and the project’s true worth.

    The fragmentation of multi-chain systems incurs significant daily costs for decentralized finance (DeFi). Bitcoin, Ethereum, and Solana maintain isolated liquidity systems with no native interoperability. Every user transferring value between these ecosystems incurs direct costs through fees, slippage, and failed transactions.

    LiquidChain aims to consolidate these three networks into a single execution layer, enabling one deployment and full ecosystem access without cross-chain transaction taxes.

    The market has not yet discovered this solution, which is the core premise of its potential.

    The presale is priced at $0.01454, with over $820,000 raised to date. The term “ground floor” in this context refers to its current stage of development rather than a marketing slogan.

    The company’s execution remains unproven, and adoption is uncertain, representing real risks that must be acknowledged. Established assets may offer a more predictable path to a visible ceiling. This opportunity, however, provides an earlier entry point into a project that is still in its foundational stages.

    The presale is at $0.01454 with just over $820,000 raised. Ground floor is not a marketing phrase here. It is a description of where this actually sits in its lifecycle.

    Execution is unproven. Adoption is unknown. Those risks are real and worth naming directly. Established assets offer a smoother ride toward a ceiling that is already visible. This offers an earlier seat at a table that has not been set yet.