Solana on the rise

The Bored Ape music video

Russia on foreign debt…

GM. vEmpions- we will tell you what’s going on in 5 minutes, so you can spend the rest of your time wondering if there is a synonym for synonym…

🪙 Solana on the rise

🦍 The Bored Ape music video

🤯 Russia on foreign debt…

Solana $SOL aiming for the bullish reversal pattern

On June 28, Solana (SOL) resumed its recovery trend, edging closer to triggering a classic bullish reversal pattern.

The price of SOL increased by 2.42 percent, reaching an intraday high of $39.40.

The SOL/USD pair is currently up 50% as part of a larger retracement rally that started on June 14 after plunging to lows of $26.

Solana’s path to $68 may be hampered by a slew of technical resistance levels, including its 50-day exponential moving average and a support-turned-resistance line.

Both levels of resistance are around $47.

Even though it is at a 50% gain from the bottom Solana is still more than 80% from its ATH

Spencer Noon, the co-founder of crypto-focused Variant Fund said:

“Solana has a vibrant developer ecosystem and its downtime issues are solvable. This will be obvious in retrospect.”

The new Eminem and Snoop Dogg music video

Eminem and Snoop Dogg released a new music video that showcases the Bored Ape Yacht Club (BAYC) NFT collection.

The music video has been trending on YouTube, with +9 million views at the time of writing.

The official music video for the single “From the D 2 The LBC” features the iconic BAYC NFT collection.

Snoop and Eminem animated their Bored Apes for the video, which debuted at Apefest.

Apefest featured music performances by Lil Wayne, Future, LCD Soundsystem, The Roots, Haim, and Lil Baby.

Snoop Dogg owns BAYC 6,723 and Eminem owns BAYC 9,055 and both were purchased for six figures per NFT.

BAYC NFTs have the largest floor price at 89.49 ETH or $106,289 for the least expensive BAYC on the market today.

Russia defaulted on foreign debt

For the first time since 1918, the Russian Federation has defaulted on its foreign debt. Bondholders told the press that the transcontinental country had not paid them.

Russia’s access to international payment networks has been hampered by financial restrictions imposed on the transcontinental country.

A $100 million interest payment was allegedly missed on Sunday as the US Treasury blocked a means for the Kremlin to settle its obligations by converting rubles.

Now that the grace period has expired, bondholders must agree on whether the loans are technically in default.

According to Reuters, Russia’s refusal to pay is “an act of political theatre at the expense of bondholders,” and the default makes them “political stooges”

The Kremlin, on the other hand, contends that the default is a “farce” since Western sanctions have prevented the country from making payments.

The payments to bondholders were paid in euros, according to Russia’s finance ministry.

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