COINOTAG News reported on June 6th that Pump.fun publicly addressed Elon Musk via the X platform, highlighting the recent dispute involving Musk and former President Trump. While refraining from offering
Maple Finance has expanded its decentralized finance (DeFi) offerings by launching yield-bearing stablecoin products on the Solana blockchain, leveraging Solana’s high-speed and low-cost infrastructure. This strategic integration aims to provide
Palantir CEO Alex Karp said the artificial intelligence arms race between the U.S. and China will culminate in one country winning. He also noted that his general bias on AI is that it’s dangerous, and there will be positive and negative consequences regardless of which country comes out on top. Karp has always championed U.S. AI dominance, suggesting in January that the country needs to put more effort into developing more advanced AI models. He argued that the rise of competing artificial intelligence models, such as China’s DeepSeek, is a sign that the U.S. needs to work quickly to develop advanced AI. The entrepreneur also revealed Palantir’s commitment to equipping and enhancing U.S. defense interests in a recent letter to shareholders. Palantir aims to improve AI in the U.S. Palantir CTO Shyam Sankar says the US is in a winner-take-all AI arms race and war with China and DeepSeek has made it clear that "the time to mobilize has come" pic.twitter.com/tHLFVFLXpI — Tsarathustra (@tsarnick) February 3, 2025 The tech CEO also mentioned Thursday that the U.S. currently has a leg up in the AI race, and Palantir is leading the way in making companies more secure and efficient with its tools. He said that the company’s growth in recent years has stemmed from ballooning demand for AI solutions, where he agreed Palantir is leading the charge and is poised to transform the way American companies run. “There is no economy in the world with this kind of corporate leadership which is willing to pivot, which understands technologies, which is willing to look at new things, but also has deep domain expertise. Our allies in the West, in Europe, are going to have to learn from us.” -Alex Karp, Palantir CEO. The company’s shares outperformed in 2024 and have continued climbing in 20225 as investors bet on their software and work with key government contractors and agencies. Shares of the Denver-based data analytics and AI software firm are up 74% this year, but investors have to shell out on a higher earning multiple than its tech peers. The tech billionaire said Thursday in response that those who like the firm’s price can exit. He also maintained that Palantir is not surveilling Americans in response to recent allegations that the company is helping the Trump administration gather data on Americans. The President signed an order in March that directed federal agencies to remove unnecessary barriers to data consolidation. The New York Times also reported last week that the tech company expanded the reach of its artificial intelligence product within the U.S. government, which could track Americans’ information, from medical to financial. Warren Davidson, Senator for Ohio, said she hopes to turn Palantir’s power off fundamentally. She argued that the power of combining all information on an individual into one database creates a digital ID and that tech can be abused. U.S. advances against China in AI 🇸🇦 SAUDI ARABIA LAUNCHES MASSIVE AI GAMBIT AS TRUMP DESCENDS ON RIYADH Crown Prince Mohammed bin Salman just launched “Humain,” Saudi Arabia’s state-backed AI venture, funded by the kingdom’s $940B Public Investment Fund. The goal: rapidly expand domestic AI infrastructure,… https://t.co/jigqeaFHya pic.twitter.com/8zPX5sIexk — Mario Nawfal (@MarioNawfal) May 13, 2025 China is outpacing the U.S. in AI applications, accounting for over 70% of global AI patent filings and embedding modes across Belt and Road countries, from ports to power grids. Three events last month also confirmed that the rivalry between the U.S. and China over artificial intelligence has entered a new and more dangerous phase. The U.S. began with a May 8 Senate hearing where lawmakers aired concerns that the country’s lead over China was eroding fast. A sweeping U.S. ban on Huawei’s Ascend AI chips followed. The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) warned that using the Chinese firm’s AI chips could trigger criminal penalties under U.S. export control laws. The agency also clarified that Huawei’s Ascend processors, specifically the 910B, 910C, and 910D, are subject to strict export controls because they are believed to be designed or manufactured using U.S.-origin technology. Last month’s last event happened when Trump visited the Middle East to sign expansive AI chip deals with key regional allies. The agreement included building the largest AI campus in Abu Dhabi, giving the UAE access to U.S. advanced AI chips. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
The post Why is the Crypto Market Down Today? appeared first on Coinpedia Fintech News The cryptocurrency market is taking a hit today, with major players like Bitcoin, XRP, Ethereum, and Solana all experiencing losses. One unexpected factor contributing to today’s decline is a public feud between Elon Musk and Donald Trump. The two high-profile figures exchanged some pretty sharp remarks online, creating a surprising amount of tension. Musk took aim at Trump’s past controversies and even called for his impeachment, while Trump responded with strong comments about the economy. While this drama might seem like just another day in the headlines, it has definitely made investors nervous and sent ripples through both traditional and crypto markets. Stock markets opened carefully today, which made traders bet that cryptocurrency prices will keep falling. More traders are opening short positions, which is putting extra pressure on the market and causing prices to drop further. Bitcoin Drops, Altcoins Follow Currently, the global cryptocurrency market cap is sitting at $3.18 trillion, reflecting a 3.42% drop in the last 24 hours. The Fear & Greed Index is at 46, showing a neutral sentiment in the market, while the Altcoin Season Index is low at 23 out of 100. Bitcoin is trading at $101,895 after a 2.77% decrease in the last 24 hours. Ethereum has fallen to $2,424, down nearly 7%, while Solana is priced at $145.39 after a drop of over 5%. XRP has slipped to $2.10, and Dogecoin has taken one of the hardest hits, plummeting nearly 9% to $0.1720. Despite this downturn, analysts believe that this sharp reaction might be short-lived. The tensions between Musk and Trump could ease up soon, which might help stabilize prices. Bitcoin’s crucial support zone is between $100,700 and $98,000. If the market can hold above this range, it may enter a phase of sideways trading before trying to bounce back.
According to LookIntoChain analytics reported by COINOTAG News on June 6th, a notable transaction was executed involving the WLFI advisor known as @cryptogle. The advisor injected 1 million USDC into
World Liberty Financial distributed USD1 coins to over 85,000 wallets. The USD1 stablecoin debuted in April and now ranks seventh in market value. Continue Reading: World Liberty Financial Shakes Up the Crypto Scene with USD1 Airdrop The post World Liberty Financial Shakes Up the Crypto Scene with USD1 Airdrop appeared first on COINTURK NEWS .
Central liquidity engine of the Move ecosystem surpasses $3 billion swap volume in less than two months, becoming the fastest growing DEX on Sui; will use strategic funding round to help grow Sui DeFi ecosystem SAN FRANCISCO, June 4, 2025 – Momentum , one of the fastest-growing decentralized exchanges (DEX) on the Sui blockchain, has raised a new strategic funding round at a $100 million valuation led by OKX Ventures with participation from Coinbase Ventures, Gate Ventures, MEXC Ventures, KuCoin Ventures, and strategic partners Protagonist and DNA Fund. The influx of capital will be used to continue Momentum’s astronomical growth within the Sui DeFi ecosystem. This funding round follows a previous round of $10 million led by Varys Capital in March 2025. OKX Ventures recognizes Momentum’s position as a leading DEX on the Sui blockchain, with its innovative approach to liquidity management and ecosystem development. The investment aligns with OKX Ventures’ strategy of supporting promising infrastructure projects that contribute to blockchain ecosystem growth. Momentum has demonstrated strong technical execution and adoption metrics since its launch, positioning it as an important contributor to the expanding Sui Network ecosystem. “We are delighted to partner with and invest in Momentum, whose model will effectively enhance trading efficiency, boost liquidity depth and increase user rewards. This innovative approach has the potential to make a significant impact in the DeFi space, especially for the Sui ecosystem,” said Cass Cai, Head of KuCoin Ventures. Momentum has established itself as one of the fastest-growing liquidity engines on Sui, powered by its innovative ve(3,3) DEX model. It has achieved $3 billion in swap volume, $69 million in TVL, and has surpassed 420,000 users within just two months. In addition to the respected backers joining Momentum’s latest funding round, additional funding came from prominent industry leaders, including Coin Bureau, Monke Ventures, MultiChain Advisors (MCA), Crypto Lark (@TheCryptoLark) @theonlynom (Core Contributor at Bonk), and others. The latest funding builds on early strategic support from Circle Ventures, Coinbase Ventures and Sui Foundation, and positions Momentum as a leading force in the Sui ecosystem and one of the most highly anticipated projects in DeFi. Led by co-founder ChefWEN (@ChefMMT_X), the architect of MSafe and senior engineer of Meta’s Libra project, Momentum has established its security track record since its launch in May 2022. This is achieved through audited smart contracts, a robust review process, real-time monitoring and 24/7 support, ensuring minimal fund risk while earning and building trust with both retail and institutional investors. “Sui’s architecture sets a new standard for DeFi infrastructure – enabling near-instant transaction finality, scalable performance under heavy load. It takes a strong chain to make a DEX that delivers, and because of this, I’m confident in Momentum’s ability to build a DEX that delivers a seamless, CEX-like experience entirely on-chain,” said ChefWEN. Momentum’s groundbreaking ve(3,3) DEX incentivizes liquidity through vote-escrowed tokenomics, redistributing 100% of protocol revenue to stakers. This flywheel, token locking, voting and deeper liquidity pools set Momentum apart from the competition. About Momentum Momentum is a Move-native DEX built on Sui, offering trading, vesting, and treasury management for both retail and institutional participants. Backed by Coinbase Ventures, Circle Ventures, OKX Ventures, Vary’s Capital, Selini Capital, Amber Group, Protagonist and Sui Foundation, it’s co-founded by ChefWEN, an early architect of Meta’s Libra project. Mirroring the success of Aerodrome which boasts 73% market share of Base on-chain volume, the groundbreaking ve(3,3) model is set to provide deeper liquidity with better rates for traders and higher earnings for liquidity providers. Join the Momentum To stay ahead, follow Momentum’s official channels for first-look updates, rollout timing, and early access. Dive into the WAGMI Trading Competition to score Bricks (points) and unlock early TGE airdrop rewards. Stay connected with @MMTFinance on X, Telegram, and LinkedIn. Trade now: https://app.mmt.finance/trade Website | X | Telegram | LinkedIn Media Contact: team@mmt.finance
The U.S. government has charged a North Korean IT worker in a major cryptocurrency money laundering scheme, highlighting the growing risks of digital currencies in global financial crimes. This indictment
Sei's explosive growth in users and TVL signals strength, but short-term liquidity metrics show caution.
On-chain data shows the Solana network has just seen a large movement of dormant coins. Here’s what this could mean for the cryptocurrency. Solana Coin Days Destroyed Has Witnessed A Huge Spike In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the “Coin Days Destroyed” (CDD) indicator for Solana. A ‘coin day’ is a quantity that one token of the asset accumulates after having stayed dormant (that is, not being involved in any transaction activity) for one day. When a token carrying some number of coin days is moved, its coin days counter resets back to zero, and the coin days that it was carrying are said to be ‘destroyed.’ The CDD measures the total number of coin days being reset in this manner across the network. Related Reading: Bitcoin’s Key Investors Double Down, Buy Another 79,000 BTC When the value of this indicator registers a spike, it means dormant coins are potentially on the move. Generally, this kind of trend is a sign of transaction activity from the long-term holders (LTHs). The LTHs are resolute entities who tend to hold for long periods, so they naturally hold a large number of coin days. As such, transfers from them usually result in the destruction of a significant number of coin days. Now, here is the chart for the Solana CDD shared by the analytics firm that shows the trend in its value during the past few months: As displayed in the above graph, the Solana CDD has observed a large spike recently, suggesting the LTHs have made some transactions. In total, this spike involved the destruction of a massive 3.55 billion coin days. From the chart, it’s visible that the indicator has seen only two spikes of a greater scale in 2025 so far. February 26th recorded a CDD value of 5.53 billion, while March 3rd saw a value of 4.64 billion. The LTHs usually only break their silence when they want to participate in selling, so movements from them can sometimes spell trouble for the cryptocurrency’s price. Large spikes like these can especially be worth taking note of, as they can point toward a possible shift in holder conviction . The aforementioned two larger spikes occurred one after the other, with a third, slightly smaller-scale spike following later in March. Therefore, it’s possible that more than a couple of diamond hands lost their belief during that period. Related Reading: Bitcoin ATH Fails To Hype Retail—Demand Is Actually Down It now remains to be seen whether the latest Solana CDD spike would also be followed up by another, or if this was just a one-off event. SOL Price At the time of writing, Solana is trading around $153.9, down more than 10% in the last week. Featured image from Shutterstock.com, Glassnode.com, chart from TradingView.com