NEAR price rally gains momentum as cross-chain product activity fuels further 15% jump

Polymarket predicts an 81% probability of a new agreement or extension of the ceasefire between Meida and Japan before June 30th. （Cointelegraph）

A trader opened a 23 times leveraged ETH short position worth $797 million on Hyperliquid, with a liquidation price of $2169.03. （Cointelegraph）

SpaceX, led by Elon Musk, is applying for an IPO and holds approximately 18000 bitcoins worth around $1.3 billion on its balance sheet. （The Bitcoin Historian）

The rally is fueled by NEAR Intents, the cross-chain system that has processed over $19 billion in volume and generated $32 million in fees. What to know : NEAR token climbed 15% over 24 hours to $2.8, extending a month-long rally that has nearly doubled its price (up 90%). The rally is fueled by NEAR Intents, the cross-chain system that has processed over $19 billion in volume and generated $32 million in fees. Investors are anticipating a June network upgrade introducing dynamic resharding, which automatically splits network shards to improve scalability.

The ceasefire agreement reached between the United States and Iran in early April will be extended for 60 days, and all countries' ships can resume normal navigation.