The year 2024 has witnessed a significant surge in the popularity of dog-themed meme coins in the cryptocurrency market. Coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced substantial growth, attracting a large number of investors and traders. These meme coins have captured the attention of the crypto community with their unique branding and
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Ethereum made a significant move this week, closing with a 12% price increase. This recovery came after a strong market rally that allowed ETH to establish $3,300 as a key support level. Now, with a new base in place, buyers are eyeing the $4,000 mark as their next target. However, it is important to note
Shiba Inu, a popular meme coin, recently experienced a significant 450% increase in its burn rate. This surge led to the destruction of almost 50 million tokens, ultimately reducing the circulating supply of SHIB. While the USD equivalent of this burn may seem insignificant at first glance, continuous efforts in this area could potentially have
In recent years, there has been a growing trend of supporting political candidates based solely on their pro-crypto views. However, Ethereum co-founder Vitalik Buterin warns against this narrow focus, urging individuals to consider broader values such as individual freedoms and technological advancement. While cryptocurrency is indeed a significant aspect of the industry, Buterin emphasizes the
BlockFi, a crypto lender that recently emerged from bankruptcy, has announced a significant step towards repaying its clients. The firm declared that the first interim distribution of funds to clients will be facilitated through Coinbase starting this month. The distribution will be carried out in batches over the next few months, beginning in July. Eligible
DeFi Technologies, a well-known Canadian fintech company, has recently made significant moves in the cryptocurrency market by acquiring a substantial amount of Bitcoin (BTC) and other altcoins. The company announced that it had purchased an additional 94.34 BTC, adding to the 110 BTC it acquired in June. In addition to Bitcoin, DeFi Technologies expanded its
Bitcoin’s price has managed to bounce back from a period of bearish price action, signaling a potential for a new all-time high in the near future. The daily chart shows that the price has found support at the $56K level and has reclaimed the 200-day moving average around $60K. However, breaking above the $65K resistance
Recently, Shiba Inu (SHIB) experienced a significant surge in price, with a nearly 20% jump in just two weeks. However, this rally was short-lived as the price dropped by 4.5% in the past 24 hours, now sitting at around $0.00001868 according to CoinGecko’s data. The decline in SHIB’s price was accompanied by a plunge in
Recently, leading crypto exchange OKX made the difficult decision to discontinue its services in Nigeria. This move came as a direct result of the regulatory changes imposed by the Nigerian government. OKX sent out emails to its Nigerian users, informing them that they had until August 30 to withdraw their assets from the exchange. After
As the cryptocurrency market continues to evolve, Bitwise Asset Management’s Chief Investment Officer has made a bold prediction regarding the future of Ethereum. According to the CIO, the introduction of Ethereum Exchange-Traded Products (ETPs) could drive the price of ether (ETH) to new all-time highs above $5,000 by the end of the year. This forecast
In the midst of the market recovery this week, XRP has emerged as one of the best-performing crypto assets, briefly hitting $0.62 – a level not seen since March. With over 40% gains in the past week, XRP’s resurgence has been driven by a broader market surge, signaling strong investor confidence and heightened trading activity.
In a surprising turn of events, Bitcoin has managed to bounce back from its three-month low of under $54,000 to tap $66,000 for the first time in roughly a month. The journey to this milestone was not without turbulence, as the leading cryptocurrency went through extreme price fluctuations at the start of the month. However,
Australian computer scientist Craig Wright is facing potential criminal charges for claiming to be Bitcoin’s creator, Satoshi Nakamoto. The High Court Justice James Mellor has referred Wright’s misconduct to the Crown Prosecution Service (CPS) for consideration on charging him with perjury and forgery of documents. This comes after Wright provided false testimony during a trial,
Recently, the decentralized finance (DeFi) platform LI.F.I protocol fell victim to an exploit resulting in the loss of over $8 million. According to Cyvers Alerts, suspicious transactions were detected within the LI.F.I cross-chain transaction aggregator, leading to the confirmation of a breach by LI.F.I on July 16. The team issued a statement urging users not
The US spot Bitcoin ETFs have been making headlines recently, with a daily net inflow of $301 million on July 15th. This marked the seventh consecutive day of positive inflows, setting a new record amidst a broader market recovery. It is worth noting that none of the ETFs recorded any outflows on that day. According
The price of Bitcoin recently surged to over $65,000, marking a significant milestone. This increase came after a period of volatility in the cryptocurrency market, with Bitcoin recovering from previous losses and reaching around $58,000. However, this upward trend was disrupted by news related to Mt. Gox, causing the price of Bitcoin to drop by
Bitcoin has once again reclaimed the $63,000 level, bringing attention to the activation of a dormant address containing 1,000 BTC, worth approximately $60 million. This wallet had been inactive for over a decade, receiving the stash around 11 years and 9 months ago, back in September 2012 when it was valued at a mere $11,908.
The Scroll network, a ZK rollup Layer 2 network, has seen a remarkable 23% increase in the total value locked (TVL) over the past week. This surge has propelled the network’s TVL to an impressive $1.03 billion, making it the 8th Ethereum Layer 2 network to surpass the $1 billion milestone. Of this TVL, ETH
The cryptocurrency market has experienced a significant surge recently, adding a whopping $200 billion in just four days. Bitcoin (BTC) saw a 4.5% increase, briefly surpassing the $63,000 mark, while Ethereum (ETH) reclaimed the $3,300 level. Other meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) also recorded gains, with a 4% and 3%
In the past week, digital asset investment products have seen a massive increase in inflows, totaling $1.44 billion. This brings the year-to-date (YTD) inflows to an astonishing $17.8 billion, breaking the previous record. Despite this surge in inflows, trading volumes remain relatively low at $8.9 billion for the week, compared to the annual 7-day average
Bitcoin has made a significant move, reaching the $63,000 level early on Monday, July 15th. This surge to a two-week high has led some analysts to believe that the downtrend has been broken. On-chain analytics platform CryptoQuant has pointed out that this recent increase has been primarily driven by “U.S. whales” as institutional Bitcoin purchases
Recently, XRP has seen a significant surge in its price, outperforming other major cryptocurrencies in the market. The overall cryptocurrency sector has experienced a rally with a global market capitalization exceeding $2.4 trillion, according to data from CoinGecko. Notable digital assets like Bitcoin, Ethereum, and Solana have all shown positive performance on a weekly scale.
Metaplanet, an investment firm based in Japan, recently made a bold move by purchasing 42.4 Bitcoin for ¥400 million ($2.4 million). This strategic acquisition aims to enhance the company’s long-term financial strategy by adding Bitcoin to its holdings as a “strategic treasury reserve asset.” With the current value of Bitcoin at $57,652 and struggling to
The 2024 presidential election has brought to light the increasing relevance of Bitcoin and other cryptocurrencies among voters, particularly among Republican supporters. A recent poll funded by crypto-focused investment firm Paradigm revealed that a significant percentage of Republicans who were originally undecided about supporting Donald Trump have shifted their views in light of his pro-crypto
As the United States gears up for the upcoming elections in November, the role of crypto voters has come into the spotlight. The crypto exchange Coinbase has conducted a survey revealing that 52 million Americans own cryptocurrencies, with a significant number residing in key battleground states. These states, such as Arizona, Florida, Michigan, and Georgia,
Bitcoin (BTC) is currently facing a crucial moment that could dictate whether its price will stabilize or continue to drop. According to CryptoQuant’s weekly report, the lack of growth in stablecoin liquidity may delay any potential rally in BTC’s price. Historically, an increase in liquidity through Tether (USDT) minting has often led to price surges.
In the wake of the recent assassination attempt on former President Donald Trump, several cryptocurrency tokens related to him have experienced a surge in value. Despite the attempt on his life, Trump survived and was quickly released from the hospital, causing a significant spike in the prices of these tokens. The cryptocurrency space is no