Author: American Coins & Gold

RWA Tokenization Expands to Life Insurance with Infineo Minting M of Policies on Provenance Blockchain
This was the first example of transferring tokenized versions of life insurance policies, the company said.

Sonic, Gaming-Focused Layer-2 Chain on Solana, Raises M

First Mover Americas: Crypto Majors Slide Further; SOL, DOGE Among Worst Affected
The latest price moves in bitcoin (BTC) and crypto markets in context for June 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Renzo Capitalizes on Restaking Frenzy to Raise M From Galaxy, Brevan Howard
Funds will be used towards expanding the project’s restaking services, including adding support for ERC-20 tokens.

AI-Related Coins Slide as Google Search Shows Peak Retail Investor Interest
Spikes in crypto-related Google search queries have historically occurred at major market tops, validating legendary investor Warren Buffet’s mantra of buying in doom and selling in boom.

Dogecoin Bulls See M Liquidations in Biggest Hit Since 2021
Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as 10%.

FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover B in Forfeited Assets
FTX’s victims are seeking a court hearing to rule on their claim that all the failed crypto exchange’s forfeited assets, about $8 billion, belong to its customers, not the bankruptcy estate.

XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles
Fairlead’s 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETH.

Dogecoin, Solana Lead Crypto Majors Plunge as Bitcoin Falls Below K
Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said.

Protocol Village: Synthetix Launches on Arbitrum, Adding to Chains Beyond Ethereum
The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 13-19.