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Coinbase has added the native altcoin of the top decentralized exchange (DEX) to its listing roadmap. Coinbase’s customers may soon be able to trade PancakeSwap (CAKE), the native asset of PancakeSwap, a DEX originally built on the BNB Chain. PancakeSwap has expanded to multiple blockchains and now leads all decentralized exchanges in trading volume, recording $228.03 billion in the past 30 days compared to Uniswap’s (UNI) $95.706 billion, according to DeFi Llama. PancakeSwap also recently set its monthly record with $173 billion in trading volume in May. The roadmap addition, announced on Wednesday, has not boosted CAKE’s price: The 116th-ranked crypto asset is trading at $2.25 at time of writing and is down more than 7% in the past 24 hours and nearly 11% in the past seven days. Being added to Coinbase’s listing roadmap means that the top US crypto exchange is considering rolling trading support for the asset in the near future. The roadmap w...

After a muted initial reaction to Paris Saint-Germain’s historic Champions League victory, the club’s official fan token (PSG) is finally showing signs of life.  As of June 2, the PSG token is trading at $2.21, up 10.56% on the day, according to CoinMarketCap data. The spike follows a brief dip post-final, when the token failed to move meaningfully despite the club capturing its first-ever UCL title. Paris Saint-Germain Fan Token 1-day price chart. Source: Finbold At its intraday high, PSG touched $2.36 before retreating slightly pushing the token’s market cap from $18.2 million to over $20.5 million, reclaiming levels lost in the days leading up to the final. Interestingly, trading volume has dropped 15.7% to $35.27 million, indicating the price movement is likely being driven by fewer, but more decisive, buyers. Paris Saint-Germain Fan Token price action before UCL final In the days before the match, the token had climbed as high as $2.79 amid fan speculatio...

The global investment management giant VanEck has filed for a new Avalanche (AVAX) exchange-traded fund (ETF) in the US. Documents submitted to the state of Delaware this week hint at the new possible ETF, which presumably would be tied to the price of the Ethereum (ETH) layer-1 rival. VanEck currently offers ETH and Bitcoin (BTC) ETFs and has filed for a Solana (SOL) exchange-traded fund, which has yet to be approved. Matthew Sigel, the firm’s head of digital assets research, said last summer that the SOL filing was a bet on Donald Trump winning the presidency. The investment giant has also applied to launch an “Onchain Economy ETF,” which will not invest in digital assets themselves but instead will focus on digital asset instruments, such as futures contracts and digital transformation companies. AVAX is trading at $17.81 at time of writing. The 20th-ranked crypto asset by market cap is up more than 6.5% in the past 24 hours but down more than 11% in the...

Widely followed trader Altcoin Sherpa says that one artificial intelligence (AI)-focused crypto asset is about to present opportunities for bulls. Altcoin Sherpa tells his 236,000 followers on the social media platform X that ZEREBRO, which bills itself as an AI system that autonomously creates and distributes content onto various platforms, may allow entries in the $0.40 range. After a correction, the trader says that ZEREBRO will be “very strong” in the future. “$0.50 is still resistance and I expect some sort of pullback between here and low $0.60s but I still think this is going to be a very strong one going forward. I have a solid bag of this. Team is full of shippers I’d view the $0.40ish area as a decent entry.” Source: Altcoin Sherpa/X At time of writing, ZEREBRO is trading at $0.54, up 38% in the last 24 hours. Altcoin Sherpa is also bullish on decentralized perpetuals exchange Hyperliquid (HYPE). He says that those look...