Moreover, Vitalik Buterin said Ethereum solved blockchain’s trilemma via zero-knowledge EVMs and PeerDAS technology. This enables decentralization, consensus, and high bandwidth simultaneously, “shifting Ethereum into being a fundamentally new and more powerful kind of decentralized network,” Buterin wrote.“The Genius Act and the regulatory rulemaking around stablecoin I expect will create more conviction around leaning into that product and that asset class,” Paul Griggs, PwC’s US senior partner, said. “Th ...

Altcoins trending today. Photo by BeInCrypto The crypto market had a strong beginning to 2026 with the meme coins leading the charge. Some of the best-performing altcoins this week include meme coins; however, their rally might notice some slack in the coming days as the threat of selling strengthens. BeInCrypto has analysed three such meme coins that have rallied sharply but face potential reversal in the second week of January. Useless (USELESS) USELESS has emerged among the top-performing tokens sin ...

Core Insights - Bonk (BONK) experienced a significant decline of 11% to $0.00001232, indicating a bearish shift after falling through critical support levels [1] - The trading range for BONK over the last 24 hours was between $0.00001252 and $0.00001434, showcasing an 8.5% intraday volatility [2] - Heavy selling pressure was noted around 03:00 GMT, with trading volume surging to 964.3 billion tokens, a 46% increase from the daily average [2] Technical Analysis - BONK's price action shows a pattern of lower highs and a narrowing range, suggesting an ongoing distribution phase [4] - The current support floor is at $0.0000129, and maintaining this level is crucial to avoid a deeper price decline [4] - A decisive move above the resistance level of $0.0000137 is necessary to reestablish a bullish trend [4] Market Behavior - After a brief recovery of 5.3% to $0.00001309, the momentum faded quickly, indicating persistent caution among traders [3] - Short-term accumulation near $0.0000131 suggests that traders are testing support levels, but the lack of follow-through highlights a cautious market sentiment [3]

Company Overview - A beverages company is rebranding from Safety Shot, Inc. to Bonk, Inc. and will trade under the ticker BNKK, aiming to provide clarity about its brand and evolve its plans [1] - The company has increased its Bonk (BONK) holdings to 2.7% of the circulating supply, valued at approximately $43 million, with a goal to reach 5% by year-end [1] Strategic Focus - Bonk, Inc. is shifting its focus to the digital asset space, consolidating various Bonk projects and revenue streams into a single publicly investable entity [2] - The firm is exploring alternative methods to produce yield on its holdings, as it does not have a native staking feature [4] Market Performance - The company's stock, still trading under the SHOT ticker, has seen a nearly 38% increase over the past five days but is down more than 3% over the past month [3] - Bonk, Inc. is part of a broader trend of digital asset treasury companies, with notable competitors like Michael Saylor's Strategy, which holds over $77 billion in Bitcoin [3] Product Development - Bonk, Inc. is looking to invest in products that enhance the Solana ecosystem, having already acquired a 10% revenue share in the meme coin launchpad LetsBonk [5] - The Bonk token has evolved from a meme coin to a project that creates important tools for the Solana network, including a trading bot and an automatic market maker [4]

Core Insights - The first exchange-traded fund (ETF) focused on a meme coin, the Rex Shares-Osprey Dogecoin ETF (DOJE), is expected to launch soon after delays [1][2] - DOGE has performed well recently, showing a 15% increase over the past month despite a 3.5% decline in the last 24 hours [2] - DOJE will not hold DOGE directly but will use a Cayman Islands-based subsidiary to gain exposure through futures and derivatives [3] ETF Structure and Approval - DOJE was approved under the Investment Company Act of 1940, distinguishing it from bitcoin ETFs approved under the Securities Act of 1933 [4] - This structure aligns DOJE more closely with mutual funds rather than commodity trusts [4] Future Developments - There are ongoing applications for spot DOGE ETFs that would hold the meme coin directly, currently under review by the U.S. Securities and Exchange Commission (SEC) [5] - The SEC has shown increased comfort with crypto ETFs following the approval of several bitcoin products in early 2024 [5] Market Context - The broader crypto market indicates that investor demand can surpass fundamental critiques, as meme coins continue to attract significant speculative capital despite skepticism regarding their underlying value [6]

Token Label Update - Binance will upgrade the label level for four tokens on July 21, 2025 [1] - Binance will remove the seed label for Bonk (BONK), EigenLayer (EIGEN), ether fi (ETHFI), Pudgy Penguins (PENGU) and Pepe (PEPE) [1]