Linear to Hold Giveaway

Linear has announced a new giveaway event. The event, which involves the distribution of 1,000,000 LINA tokens, will run for four weeks, with ten winners being selected every week. Refer to the official tweet by LINA

📈 Neko Forecasting $LINA for short-term correction and bounce from current marked demand zone for buy position.

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Internet Computer to Participate in EthCC in Brussels on July 10th

Internet Computer is hosting a full day of Chain Fusion festivities at the EthCC conference on July 10th in Brussels. The event will be focused on multichain topics. Refer to the official tweet by ICP

📈 Neko Forecasting $ICP for short-term correction and bounce from current marked demand zone for buy position.

#NekoChart @OriNeko

🪙Bitget launches $20M TON ecosystem fund

Bitget is launching a $20 million TON Ecosystem Fund in alliance with Singapore-based investment firm Foresight Ventures, according to an announcement shared at x post

The $20 million TON Ecosystem Fund aims to support early-stage projects on TON amid the rise of TON-based applications and the native cryptocurrency, Toncoin (TON).

The fund is designed to fully support project development within the TON ecosystem, including providing liquidity on the Bitget platform, the announcement notes.

#NekoNews @OriNeko

📈Bybit Surpasses Coinbase's Crypto Trading Market Share

Bybit has surpassed Coinbase to become the second-largest cryptocurrency exchange in terms of volume, according to a recent report published by Kaiko. It is now only behind Binance, which dominates the market.

The report outlined that Bybit’s market share surged from 8 percent in October 2023 to 16 percent in June 2024, the highest growth rate among the top exchanges. Coinbase also improved its market share by merely a single percentage point, from 7 percent to 8 percent in the same period. The demand on Bybit surpassed the volume handled by Coinbase last March.

#NekoNews @OriNeko

🥶Sui expands custody with Copper to attract institutional finance

The Sui network will expand its custody capacities through a deal with custody, prime and collateral services provider Copper. Sui is looking to increase its attractiveness to institutional finance. Sui said in a statement that Copper custody support is already available for Sui-native tokens such as the Ondo USD Yield (USDY) stablecoin.

Copper is a United Kingdom-based service whose ClearLoop technology is used to settle trades and manage collateral. Its expansion in the traditional finance market has been facilitated by investments from billionaire Alan Howard, co-founder of asset manager Brevan Howard. Its Copper Securities arm was launched in November and offers tokenized securities in the Abu Dhabi Global Market.

📈 Neko Forecasting $SUI for short-term correction and bounce from current marked demand zone for buy position.

#NekoChart @OriNeko

STEPN to Release STEPNGO on App Store

STEPN is set to release the STEPNGO on the App Store on June 25th at 8 am UTC. Refer to the official tweet by GMT

📈 Neko Forecasting $GMT for short-term correction and bounce from current marked demand zone for buy position.

#NekoChart @OriNeko

Axie Infinity to Release Gauntlet Mode on July

Axie Infinity will introduce Gauntlet Mode on July 1st. Refer to the official tweet by AXS

📈 Neko Forecasting $GMT for short-term correction and bounce from current marked demand zone for buy position.

#NekoChart @OriNeko

8️⃣Solana ETF possible with a change in POTUS, SEC

A spot Solana exchange-traded fund in the United States may only be possible with a change in the administration and the head of its securities regulator, according to Bloomberg ETF analyst Eric Balchunas.

On June 27, ETF issuer VanEck made a surprise move to file for a spot Solana ETF with the United States Securities and Exchange Commission. Matthew Sigel, head of digital assets research at VanEck, said the new fund, called the VanEck Solana Trust, aims to capitalize on Solana’s decentralized nature, high utility and economic feasibility.

However, Balchunas said his “knee jerk reaction” was that the ETFs wouldn’t be approved as there aren’t any Solana futures ETFs in the United States.But a new U.S. President and a new leadership at the Securities and Exchange Commission in 2025 could change both of those things, Balchunas said in a June 27 X post.

#NekoNews @OriNeko

Astar to Conduct Scheduled Maintenance

Astar will host a scheduled maintenance for the Astar zkEVM mainnet on the 27th of June. Refer to the official tweet by ASTR

📈 Neko Forecasting $ASTR for short-term correction and bounce from current marked demand zone for buy position.

#NekoChart @OriNeko

💶Polkadot to Host Meetup in London on July

Polkadot is hosting an event on the future of asset management at the Dawn of the RWAs in London on July 3rd. The event will feature insightful keynotes from industry leaders and provide an opportunity for networking with RWA innovators. Refer to the official tweet by DOT

📈 Neko Forecasting $DOT for short-term correction and bounce from current marked demand zone for buy position.

#NekoChart @OriNeko

🐯 Learning With Neko Week 42.
Hola, Necats, happy weekend today we'll talk about SUI 🥶

What Is the SUI Blockchain?
Sui is a decentralized layer 1 blockchain that offers great transaction speed at a low cost. This permissionless blockchain is designed to support a wide range of applications.

Being a layer 1 blockchain means Sui provides the underlying infrastructure for a system of validations and transactions, much like the Ethereum or Bitcoin networks. But what sets it apart from other L1s is its focus on instant transaction finality, reduced latency, and increased transaction speed.

In short, Sui aims to increase its scalability without compromising on security by using a combination of the native programming language Move, parallel processing of transactions, and delegated proof-of-stake consensus mechanism.

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How Does SUI Blockchain Work?

🎥SUI Blockchain’s Language: Move

The Sui network uses the Move programming language to execute smart contracts. The programming language is also used by Meta’s Diem and another layer 1 blockchain, Aptos, which is also founded by former Meta employees.Move is a cross-platform language without blockchain-specific concepts like accounts, transactions, time, and cryptography. Well, most blockchains that use smart contracts follow the changes in users’ accounts, aka crypto wallets.

🎥Delegated Proof-of-Stake Consensus

To achieve consensus, Sui uses a specific type of proof-of-stake consensus mechanism named Delegated Proof-of-Stake. In Sui’s DPoS system, there is a fixed set of validators who process transactions within each epoch . SUI holders select a set of validators based on their share of the total stake. This is determined by the amount of SUI tokens staked by holders with them. In exchange for operating and securing the network, the blockchain validator receives staking rewards in SUI coins.

🎥Parallel Transaction Execution

To increase scalability, Sui uses parallel transaction execution. To explain, most blockchains execute transactions sequentially, meaning one by one. Sui blockchain executes transactions in parallel instead. This allows it to process up to 120,000 transactions per second compared to Ethereum’s 15 TPS and Solana’s 4k TPS.Another interesting feature of the chain is how it differentiates transactions into two categories: simple and complex.

#NekoLearn @OriNeko