The recent 15% drop in crypto markets, resulting in over $350 million exiting the space, has sent shockwaves throughout the industry. Price levels have plummeted to their lowest since late February, sparking concerns among investors and traders alike. However, this correction is not uncommon in the world of cryptocurrencies, with previous market cycles experiencing similar
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Meme coins have been all the rage in the cryptocurrency world, with Shiba Inu (SHIB) and Dogecoin (DOGE) leading the pack during the latest bull cycle. However, as the market correction continues, investors are wondering which meme coins will shine the brightest if Bitcoin hits $100K. ChatGPT, an AI-powered chatbot, has analyzed the market and
PancakeSwap, a well-known multi-chain decentralized exchange (DEX), recently unveiled an exciting community reward program that is set to run from July 5 to August 5. The program involves the distribution of more than 2.45 million zkSync (ZK) tokens to members of the PancakeSwap community. This initiative serves as a gesture of gratitude towards the community
The cryptocurrency market has experienced a significant downturn in the past 24 hours, with the total market capitalization plunging to $2.07 trillion, marking an 8.6% decrease within a day. This downward trend has impacted the majority of major digital assets, leaving only a handful of them resilient to the negative trajectory. The flagship cryptocurrency, Bitcoin,
Bitwise, an asset management firm, recently made amendments to its S-1 registration with the United States Securities and Exchange Commission (SEC) to allow for the listing and trading of shares of a spot Ether exchange-traded fund (ETF). This move comes in light of SEC Chair Gary Gensler’s statement indicating that approvals for spot Ether ETFs
BitMEX, the Seychelles-based derivatives exchange, has recently introduced a new financial product called the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative offering aims to provide traders with a convenient way to access a diverse range of meme coins in the cryptocurrency market through a single contract. The MEMEMEXTUSDT Basket Index includes popular meme coins
The Bitcoin network is currently experiencing a significant drop in hash rate, indicating a state of miner capitulation. This phase is characterized by miners either shutting down operations or selling off part of their Bitcoin reserves. Since the recent halving, the network hash rate has decreased by 7.7% from its peak on April 27. This
Recently, Ripple has been using a court ruling regarding Binance’s BNB token to bolster its defense against the SEC’s harsh penalties for XRP sales. The company argues that the lack of regulatory clarity surrounding the legality of these sales should not warrant severe punishments. The ruling that caught Ripple’s attention was made by Judge Amy
In the realm of meme coins, one of the latest sensations to capture the attention of the crypto community is DADDY. Over the past 24 hours, DADDY has seen a remarkable price surge of 35%, reaching a trading value of about $0.15 according to CoinGecko. This surge has propelled the token’s market capitalization to nearly
Asset managers are eagerly awaiting the Security and Exchange Commission’s approval for the first U.S. ETFs directly investing in Ethereum. There is optimism that this approval may come as soon as mid-July. The SEC has set a deadline of July 8 for ETF applicants to submit updated paperwork and amended S-1s, with possible additional rounds
