Global

OKX wallet transaction management has faced criticism due to an allegedly ineffective automated system that has caused transaction fees to skyrocket.

Venture Capital firm Nascent made a notable entry into the crypto space by purchasing 447.67 billion PEPE tokens for $5.48 million, taking advantage of the recent market downturn. This major acquisition demonstrates their "buy the dip" strategy, allowing Nascent to benefit from lower prices while strengthening PEPE's standing in their portfolio.

Chainlink (LINK), the decentralized oracle network supporting dApps, has been gaining significant attention in the cryptocurrency market. Following a notable surge, the digital asset is now aiming for further growth, with analysts forecasting a bullish trajectory and price targets reaching as high as $33.

Industry experts anticipate notable progress in the cryptocurrency sector in Hong Kong, suggesting the potential introduction of staking features for spot Ethereum exchange-traded funds (ETFs) within the coming year.

In May, Stronghold Digital Mining experienced a significant decrease in its monthly Bitcoin mining output, with a decline of 47.1% compared to April. During May, the company mined 82 BTC, contrasting with the 155 BTC mined in April. Similarly, revenues for May dropped by 46% to $5.2 million compared to the previous month.

The TON Foundation has revealed a collaboration with Tether aimed at expanding the availability of USDT on the TON blockchain to a wider range of crypto communities worldwide. Their strategy includes incorporating TON-based USDT into over a hundred exchanges and payment platforms across established and emerging markets within the next few months.