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The $200 million decline was mostly due to a drop in the price of Near tokens, in line with the crypto bear market.

NEAR Foundation, a leading blockchain platform, has forged a strategic partnership with Hibiki Run, an innovative platform for music streaming and digital collectibles.

The landscape of blockchain scalability has evolved significantly in recent years, with Layer-2s (L2s) and sharding emerging as the two dominant approaches. Ethereum, a key player in the crypto industry, has adopted rollup-centric L2s to scale its network, while NEAR protocol has taken a different path, choosing to scale via sharding.

The Near Protocol (NEAR) price has increased significantly since falling to a new yearly low on June 10. Despite this increase, it has not confirmed its bullish reversal yet.

The NEAR Foundation entered a partnership with Alibaba Cloud to drive Web3 growth in Asia and the Middle East.

It's a special day when a layer 1 blockchain closes a development agreement with a massive business in the digital space.

NEAR Foundation, the firm behind the NEAR protocol ecosystem development, is partnering with Alibaba Cloud, Alibaba Group's digital technology and intelligence backbone. The strategic alliance aims to galvanize the NEAR Foundation's reach into Alibaba Cloud's extensive developer ecosystem in Asia and the Middle East.

The NEAR Foundation and Alibaba Cloud have formed a strategic relationship to collaborate and speed up the development of dApps and blockchain technology, marking a significant milestone for the Web3 ecosystem in Asia. This partnership is a huge step forward in encouraging creativity, improving scalability, and facilitating widespread use of Web3 solutions in the area.

Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices trading below the key $31,000 level on Monday. Ethereum (CRYPTO: ETH), also moved lower, falling below the key $1,900 mark this morning.

Bitcoin Cash (BCH) reached a new yearly high after a 145% increase in two weeks. Kava. (KAVA) rallied during the weekend but failed to clear a crucial horizontal resistance.

NEAR Foundation and Alibaba Cloud have formed a partnership, boosting the advancement of web3 technology in Asia and the Middle East. The move has triggered an over 9% surge in the price of NEAR tokens.

NEAR Protocol's token surged to a three-week high of $1.60, according to CryptoSlate's data, following the announcement of its Foundation partnership with Alibaba Cloud. Over the past month, NEAR has declined by nearly 4%, reaching as low as $1.17 on June 15 before slowly rebounding to its current levels.

NEAR Protocol has expanded its gaming ecosystem by partnering with Vortex Gaming, a Web3 subsidiary of INVEN, Korea's largest game media and community. This collaboration aims to attract more users and companies to the NEAR ecosystem while strengthening the NEAR game ecosystem.

In order to accelerate Web3 growth in Asia and the Middle East, the NEAR Foundation, the non-profit organization responsible for the ecosystem development of the NEAR protocol, has partnered with Alibaba Cloud, the computing and storage arm of the Chinese tech giant Alibaba Group Holding Ltd (NYSE: BABA).

The news of the partnership between Alibaba Cloud and the NEAR Foundation, hit the market shortly after Alibaba announced a new chairman.

NEAR surged to a three-week high, standing just shy of $1.60.

The partnership will offer multi-chain indexing to provide data query API to developers.

NEAR Protocol's Blockchain Operating System (BOS) is a novel approach to the world of web3 that looks at the entire blockchain ecosystem and attempts to create a framework to abstract “janky” usability and complex user journeys.

TL;DR Breakdown The NEAR Protocol price analysis shows that the NEAR price action has crumbled to the $1.20 mark after the bulls failed to maintain support at the $1.40 price level. Currently, the price action has fallen to the $1.20 level and seems to be moving further down.

TL;DR Breakdown The NEAR Protocol price analysis shows that the NEAR price action found support at the $1.400 mark and the bullish momentum has enabled the price to return to the $1.420 mark. However, the price action still faces strong bearish pressure at press time as the bulls face rejection at the $1.450 mark.

NEAR Foundation announced a strategic partnership with Mirae Asset Securities, a subsidiary of Asia's largest financial group Mirae Asset and a leading company in the securities industry, for Web3 and security token technology (STO, Security Token Offering) business collaboration.

Over the last few months, the SEC has taken to unilaterally labeling certain crypto assets as securities in unrelated lawsuits. But some industry participants say the agency doesn't understand the technology behind these tokens well enough to make this claim.

Near and Wormhole developers are collaborating on light client solutions that can support cross-chain bridge transfers.

The Wormhole cross-chain bridge has announced that the NEAR Protocol has selected it as the new official cross-chain bridge.