Big Deal at Solana, NVIDIA Announces Balance Sheet Far Above Expectations

Solana Partners with Giant E-Commerce Site
Solana’s payment tool Solana Pay has been integrated with Shopify. Josh Fried, Head of Commercial Business Development at the Solana Foundation, said that with Solana Pay, Shopify provides millions of merchants with a dynamic and efficient payment option, while consumers benefit from being able to buy goods and services with digital asset payments.

Above Expectation Balance Sheet at NVIDIA
NVIDIA, one of the technology giants, announced a revenue of 13.51 billion dollars, exceeding the revenue expectation of 11.13 billion dollars with the balance sheet announced yesterday. NVIDIA announced revenues 101% higher than the same period last year and 88% higher than last quarter. It is known that the critical unit in the company is the data center segment, which offers GPU and cloud services for high-performance computers. In total, the division generated revenues of $10.32 billion, up 171% year-on-year and 141% from the previous quarter.

DYDX Opposes the Use of MEV
dYdX, considered one of the leading decentralized exchanges, has announced its opposition to the use of MEV ahead of its transition to a Cosmos-based application chain. Earlier this week, the dYdX Foundation shared a list of preferable practices for dYdX validators and stakers to ensure a fair and honest experience for ecosystem participants, while avoiding MEV activities that could harm or disadvantage them. The letter states that validators who misuse MEV activities will be penalized and offers some incentives to deter them from MEV.

Doge Tweet from Elon Musk
Elon Musk responded to a user’s tweet quoting his own tweet and sharing his dog, stating that X is a Dog and Doge friendly place in English. As it will be remembered, Doge gave some signals about Doge in the past weeks and this was considered as integration into X and caused big price fluctuations.

BlackRock’s ETF Filing Spurs European Inflows
Ahead of the BlackRock ETF filing at the end of June, Europe saw a lack of interest and declines in listed assets. With the BlackRock application, European crypto assets saw inflows of around 160 million dollars in June, the best performance since March 2022.

Ripple Gives Dates for Case
The parties in the Ripple-SEC case, which was revived with the SEC’s objection, informed Judge Analisa Torres about the dates. SEC, 2024 2. He stated that while the quarter period is appropriate, some days in the 3-month period will not be appropriate. On the Ripple side, the year 2024 is 2. They were available during the quarter.

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BITCOIN(BTC)
Bitcoin is pricing at $ 26,441 with a 0.03% gain in value as of today morning hours. Bitcoin managed to move up to 26,500 resistance by ending the price movement stuck under the 26,300 resistance with the rise it realized yesterday. We know that the 26,500-26,600 range is a resistance zone in Bitcoin. Although it tested the breakout of this zone and rose to 26,800 levels, we see that the breakout was not confirmed and Bitcoin retreated. The movement in Bitcoin, which is currently stuck in a range of $ 200, may continue this movement if there is no development today and then determine its direction with the Powell speech tomorrow. We think that crypto assets may also be positively affected by a rise that may come under the leadership of NVIDIA after the US opening today.

ETHEREUM (ETH)
ETH, which lost 0.26% as of morning hours, is priced at $ 1675. In Ethereum, after rising above the 1650 region, we see that although the rise came up to the level of 1700 with the rise that came after the rise above the 1650 region, it could not hold much in this region and retreated. Possible returns to the 1655 region in Ethereum can be evaluated with a target of 1690.

Risk Disclosure
Cryptocurrency assets have higher volatility compared to traditional financial instruments and involve various unique risks. There is no guarantee or commitment regarding the prices at which transactions will be executed. Therefore, before deciding to trade on ICRYPEX, you must fully understand, assess, and consider all potential risks you may encounter. The opinions, news, research, analyses, prices, or other information provided on ICRYPEX's official website, trading application, or social media platforms are general market commentary and do not constitute investment advice. ICRYPEX is not responsible for any losses incurred as a result of investments made based on such information.

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