🚨 The Chain Report: Daily Web3 Headlines That Matter

News

📢 Chinese Firm Raises $300 Million to Buy TRUMP token and Bitcoin

Ahead of the much-anticipated Donald Trump’s crypto dinner, GD Culture Group (GDC), a Nasdaq-listed holding company with Chinese ties, has announced plans to invest a colossal $300 million in TRUMP token and Bitcoin. by this significant development, the memecoin price rebounded from its recent downtrend, surging by 6% in the last 24 hours. The recent investment news and the subsequent price surge have further boosted interest in the TRUMP coin ahead of the crypto dinner hosted by President Donald Trump.

🌐 Chainlink And ONDO Price Jumps As JP Morgan Settles First On Chain Transaction

The Chainlink and ONDO prices are up following JP Morgan’s announcement of its first transaction on a public blockchain. The financial gain teamed up with teams of both crypto giants to carry out this transaction, which involved a tokenized treasury.

Markets

🚀 Ethereum Eyes $4,000 as On-Chain Data Confirms Whale Accumulation and Supply Crunch

Ethereum (ETH) has staged a strong comeback this month, helped by the ongoing risk-on sentiment in the crypto market. After 45% gains in May, ETH is now within touching distance of $3,000, a key psychological level. Adding tailwind to this price rally is smart money investors buying dips while the ETH balance on exchanges plummets.

🔮 XRP Price Prediction as Binance Data Reveals Early Signs Of Bull Run

Ripple (XRP) is still in the early stages of a bull market as data from Binance shows rapid absorption of sell-side pressure. XRP price is up by 20% in the last seven days, and it has overtaken Tether (USDT) to emerge as the third-largest crypto after Bitcoin and Ethereum.