TL;DR

• Covalent ($CQT) raised $5 million in a strategic funding round led by RockTree Capital.

• June saw a sharp drop in the supply growth of Tether stablecoin, reflecting reduced liquidity in crypto markets.

• Solana and Cardano are leading the top 10 crypto rebound.

• VanEck's zero fees are part of their strategy to become the 'go-to provider for crypto ETFs.'

• CryptoQuant has integrated TRON data to provide users with enhanced blockchain analytics.

• The crypto fear and greed index dropped to 30 amid market volatility, hitting its lowest level since January 2023.

• ENS ($ENS) has hinted at an upcoming rebrand unveiling at the ETHCC event.

• Akropolis ($AKRO) has proposed a new roadmap featuring a dPoS-based blockchain and new tokenomics, with a snapshot vote set for June 29.

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Alpha of the Day

Covalent's $5 Million Funding Boost

Covalent ($CQT) just scored a sweet $5 million in a strategic funding round led by RockTree Capital. Imagine securing the bag and then some! This round will help Covalent expand its reach in the blockchain analytics space, providing even more comprehensive data for its users. It's like getting a turbo boost in a video game, except this one's for blockchain nerds. With this new cash infusion, Covalent is set to level up and possibly unlock some new, exciting features for the crypto community. Keep your eyes peeled; the future's looking bright and data-rich!

Tether's Supply Takes a Nosedive

June was a rough month for Tether as its supply growth took a dramatic plunge, reflecting a significant drop in liquidity across crypto markets. Picture a deflating balloon, and you've got the right image. The reduced supply growth signals caution among investors, who are possibly clutching their wallets a bit tighter these days. It's like the crypto market is collectively holding its breath, waiting for the next big move. So, if you've been feeling the pinch, you're not alone—Tether's feeling it too.

Solana and Cardano: Crypto's Comeback Kids

In the rollercoaster world of crypto, Solana and Cardano are having a moment, leading the top 10 crypto rebound like they're the comeback kids of the year. These two powerhouses are showing the market that they're not just one-hit wonders. With their prices bouncing back, it's like watching Rocky Balboa get back up after a tough round. Investors are hopeful, wallets are reopening, and the vibes are generally positive. So, if you're into crypto, Solana and Cardano are definitely the ones to watch.

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VanEck's Zero-Fee Strategy: A Game Changer

VanEck is pulling a bold move with its zero-fee strategy, aiming to become the 'go-to provider for crypto ETFs.' Imagine your favorite restaurant suddenly offering free meals every day—it's that kind of game changer. By eliminating fees, VanEck is hoping to attract a flood of new investors who are tired of the nickel-and-dime routine from other providers. This could be the start of a new era in crypto ETFs, where accessibility and affordability take center stage. It's a savvy move that might just pay off big time.

CryptoQuant + TRON: A Data Lover's Dream

CryptoQuant has just leveled up by integrating TRON data, giving users enhanced blockchain analytics to drool over. It's like getting a brand-new toolbox with all the shiny gadgets you've ever wanted. This integration means more detailed insights, better decision-making, and, of course, a lot more numbers to crunch. For data enthusiasts, this is like Christmas morning. Whether you're a trader, analyst, or just a curious crypto fan, CryptoQuant's latest move is sure to provide the analytical goodies you've been craving.

Jupiter CEO's Memecoin Madness

Jupiter CEO (@weremeow) is shaking things up with a PPP memecoin experiment, and there might even be airdrops involved. It's like throwing a surprise party in the crypto world—everyone's invited, and there are gifts! This move could inject some much-needed fun and excitement into the market. Whether you're a fan of memecoins or just enjoy a good crypto spectacle, this experiment promises to be a wild ride. So keep an eye out, because you might just get some unexpected goodies in your wallet.

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Crypto Fear and Greed Index Hits New Low

The crypto fear and greed index has plummeted to 30, its lowest point since January 2023. It's like the market's version of a horror movie marathon—scary, intense, and full of unexpected twists. This drop reflects the current volatility and uncertainty plaguing investors. Fear is in the air, and the market is reacting accordingly. If you're feeling jittery about your crypto holdings, you're not alone. Just remember, even the scariest movies have an ending, and so will this market turbulence.

ENS Rebrand Tease

ENS ($ENS) is dropping hints about an upcoming rebrand unveiling at the ETHCC event. It's like when your favorite band teases a new album—excitement and speculation run wild. This rebrand could mean fresh visuals, new functionalities, or even a whole new direction for ENS. The crypto community is buzzing with anticipation, and everyone wants to know what's next. Mark your calendars for the ETHCC event, because ENS is about to reveal something big.

Akropolis' New Roadmap

Akropolis ($AKRO) has proposed a new roadmap featuring a dPoS-based blockchain and new tokenomics, with a snapshot vote set for June 29. It's like a tech startup unveiling its latest innovation—exciting, ambitious, and full of potential. This roadmap could bring significant changes to the Akropolis ecosystem, making it more robust and user-friendly. The snapshot vote will be a key moment for the community to have their say. If you're an $AKRO holder, this is your chance to be part of shaping the future.

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