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NEAR Protocol News Today
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NEAR co-founder proposes protocol sovereign fund for long-term sustainability
NEAR co-founder Illia Polosukhin proposes a protocol sovereign fund for long-term sustainability, drawing from sovereign wealth funds in Norway and Singapore, as well as university endowments. This concept aims to allocate a portion of NEAR's revenue towards long-term investments, ensuring the protocol's continued growth and stability. Market implications remain uncertain but could attract more institutional investors.
AI-assisted hacking is outpacing traditional code reviews, NEAR co-founder says
NEAR co-founder Polosukhin emphasizes the growing threat of AI-assisted hacking, stating it outpaces traditional code reviews. He advocates for formal verification as a necessary shift to secure blockchain code, acknowledging the limitations of current methods in the face of increasingly sophisticated AI-powered attacks on blockchain systems and cryptocurrency assets, impacting investor confidence and market stability.
CoinDesk 20 performance update: Bittensor (TAO) surges 31.9%, leading index higher
Bittensor's TAO token surges 31.9% today, leading the CoinDesk 20 index higher. Near Protocol's NEAR token also gains 22.2% from Friday, making it another top performer. Market sentiment improves as these tokens rise, indicating growing investor confidence in the crypto space. The CoinDesk 20 index climbs, tracking the performance of leading cryptocurrencies.
CoinDesk 20 performance update: Index drops 1.4% as all constituents decline
The CoinDesk 20 index declines 1.4% as all constituents experience losses, with Bitcoin Cash (BCH) leading the drop at 4.1% and NEAR Protocol (NEAR) shedding 4.3%. These declines are part of a broader market trend, with the index's losses likely to impact investor sentiment and potentially influence the overall crypto market, weighing on prices.
Arthur Hayes dumps WLD days after Maelstrom’s AI IPO pitch
Arthur Hayes is aggressively selling his cryptocurrency positions, including a recent dump of WLD days after Maelstrom's AI IPO pitch, following similar sales of HYPE, ZEC, and NEAR. The total value of his dumped assets is not disclosed, but this sudden selling spree is sparking market concern about Hayes' investment strategy and potential market implications.
CoinDesk 20 performance update: NEAR gains 12.3% as almost all assets trade higher
NEAR Protocol and Bittensor are leading the CoinDesk 20, gaining 12.3% and 12% respectively from Friday's close. Almost all assets in the index are trading higher, with a notable exception of few.
Bitcoin bounces, HYPE falls, NEAR gets demolished as crypto deals with a wipe out
Bitcoin is experiencing a brief bounce, but several tokens that had been gaining traction are now plummeting, including HYPE, which is being severely affected. Meanwhile, NEAR is getting demolished alongside other struggling assets. The crypto market is witnessing a widespread wipeout, with prices plummeting and investors scrambling to reassess their portfolios amidst the chaos.
Morning Minute: Crypto Crashes, New Lows In Sight
Bitcoin is plummeting to a new low of $62,000, sparking fears of a deeper market downturn. Meanwhile, Arthur Hayes' decision to sell his HYPE and NEAR positions is causing a double-digit crash in these altcoins, wiping out gains for investors who had bet on their recent success, further exacerbating the crypto market's instability and volatility.
Arthur Hayes dumps HYPE, NEAR as he warns of AI IPO wave
Arthur Hayes is selling his HYPE and NEAR holdings, citing market concerns that prices may peak before September. He also warns of a potential liquidity drain due to AI IPOs, which could negatively impact cryptocurrency markets. This move comes as Hayes predicts a market downturn, potentially affecting investor confidence and asset values.
CoinDesk 20 performance update: Bitcoin Cash (BCH), up 1.5%, is only gainer
Bitcoin Cash (BCH) is currently the only gainer in the CoinDesk 20, up 1.5%, amidst a decline in the overall index. NEAR Protocol (NEAR) and Internet Computer (ICP) are leading the drop, down 15.2% and 13.1% respectively, weighing on the index's performance. The decline in these prominent cryptocurrencies is impacting the CoinDesk 20's overall value.
Hyperliquid bear turns bullish after losing over $46M shorting HYPE
A hyperliquid bear has made a significant shift in their investment strategy, losing over $46 million shorting HYPE and now backing Arthur Hayes' favored plays, including HYPE, ZEC, and NEAR. This sharp pivot indicates a growing confidence in momentum-led crypto bets, potentially influencing market sentiment and fueling a bullish trend in these assets.
How high can NEAR price go in June?
NEAR has rebounded from a key historical support zone, reviving a bullish fractal that preceded significant price increases in previous cycles, with potential for a 2,375% and 900% rally. This fractal pattern suggests a strong upward momentum, implying a substantial price rise is possible in June, potentially impacting the overall crypto market sentiment and investor confidence.
NEAR token price has 'potential to grow 20x,' says Arthur Hayes
NEAR token price is mirroring a 2023-2024 fractal that preceded a 250% rally, hinting at similar upside in 2026 as privacy coin demand grows, according to Arthur Hayes, a prominent crypto analyst. This potential 20x growth could be triggered by increasing demand for private transactions, bolstering NEAR's value and potentially leading to a significant price increase in the coming months.
NEAR price rally gains momentum as cross-chain product activity fuels further 15% jump
NEAR price is rallying with a 15% jump, fueled by cross-chain product activity, particularly NEAR Intents, which has processed over $19 billion in volume and generated $32 million in fees, demonstrating its growing adoption and utility. This surge in activity is driving increased interest in NEAR, boosting its price and market capitalization.
CoinDesk 20 performance update: NEAR surges 19.4% as index trades flat
The CoinDesk 20 is trading flat, but NEAR Protocol surges 19.4% and Internet Computer (ICP) rises 4.3% from Thursday, joining NEAR as a top performer. ICP's gain brings its year-to-date increase to 15.6%, while NEAR's surge is a significant boost for the cryptocurrency, which has been steadily growing in value and adoption in the crypto market.
NEAR protocol leads AI token rally with a 50% pump: Is $5 NEAR price next?
NEAR protocol's price surges 50% in a week, driven by AI token momentum, Nvidia optimism, and network upgrades, fueling bullish sentiment. The rally has investors speculating about a potential $5 price target for NEAR, which could further boost the token's value and attract more investors to the AI-focused ecosystem, increasing its market presence.
NEAR token jumps 30% amid AI hype, Arthur Hayes endorsement and scaling plans
Arthur Hayes, a prominent crypto investor, describes NEAR, HYPE, and ZEC as "the holy trinity" of altcoins, sparking a 30% surge in NEAR token value. Hayes' endorsement fuels investor optimism about NEAR's scaling plans and potential for growth. The market reacts positively to the endorsement, boosting NEAR's price and increasing investor interest in the altcoin's AI-related developments.
NEAR Protocol Jumps 28% on Privacy, AI, and Scaling Upgrades
NEAR Protocol is currently surging 28% as it undergoes a series of upgrades focusing on privacy, AI, and scalability enhancements. The upgrades position NEAR as a potential settlement layer for AI agents and confidential finance, which has contributed to its 45% rally this week. This momentum is expected to propel NEAR further into the spotlight of the crypto market.
Near Protocol to automate its own growth and its token is skyrocketing
Near Protocol is set to introduce dynamic resharding in June, enabling the blockchain to automatically add shards as demand increases, eliminating the need for human intervention. This upgrade is expected to significantly enhance scalability and user experience.
CoinDesk 20 performance update: Bitcoin Cash (BCH) rises 2.1%
Bitcoin Cash (BCH) rises 2.1% as the CoinDesk 20 performance update reveals a positive trend for the cryptocurrency. NEAR Protocol (NEAR) also experiences a surge, up 2.8%, solidifying its position among top performers. This uptick in BCH and NEAR indicates a growing investor interest in alternative cryptocurrencies, potentially signaling a shift in market sentiment.