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Quick Take The Cardano Foundation launched Veridian, a digital identity platform that uses open-source tools to verify identities and authenticate online communication. Launching alongside this new product is the Veridian Wallet, which lets users to manage their credentials, private keys and identifiers.
Quick Take U.S. Securities and Exchange Commission acknowledged Fidelity’s application for a spot Solana ETF, an incremental step that edges the product closer to approval. Solana, the seventh-largest cryptocurrency by market cap, fell 15% amid a broad market decline amid fallout from President Donald Trump’s tariffs.
PayPal has added support for Solana (SOL) and Chainlink (LINK) in the US, allowing users to buy, sell, and hold these assets directly.
- 22:55Bitdeer increased its holdings by 31.9 BTC this week, bringing the total to 1,375.9 BTCAccording to the weekly report released by Bitdeer, as of June 6, 2025, the company's net holdings of Bitcoin reached 1,375.9 BTC (excluding customer deposits). This week, 43.9 BTC were produced, 12.1 BTC were sold, resulting in a net increase of 31.9 BTC.
- 22:33Federal Reserve Survey: 52% of Americans Unable to Handle $2,000 Emergency Expense as Inflation Pressures Continue to MountAccording to The Kobeissi Letter, the latest Federal Reserve survey shows that 52% of American consumers cannot handle a $2,000 emergency expense solely with savings, and 31% cannot even cover a $500 unexpected expense. In 2024, a record 37% of respondents indicated that inflation and prices are their main financial challenges, up from 35% in 2023, 33% in 2022, and 8% in 2016.
- 22:31VIRTUAL Price Surge: Spot and Derivatives Traders Actively Buying to Drive MarketThe price of Virtuals Protocol (VIRTUAL) has risen by 10.48% in the past 24 hours, driven mainly by increased activity in the spot and derivatives markets. Despite the overall market decline, spot traders have accumulated $10.45 million worth of VIRTUAL, indicating strong interest. The open interest in the derivatives market grew by 13.3% to $230 million, with a significant number of short positions being liquidated, resulting in losses of approximately $124,670 for short traders, which is double the losses of long traders. Technical analysis shows that VIRTUAL has broken through a key resistance level, with the Aroon indicator signaling a bullish trend, suggesting that the price could rise to $2.5. Smart money investors have increased their holdings, making VIRTUAL the most accumulated memecoin or AI token. In the 90-day index ranking, VIRTUAL is listed as the 4th best-performing asset, outperforming all top ten cryptocurrencies by market capitalization.