Market
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WIF, BONK, DOGE, FLOKI Price Analysis: May 11
Meme coins continue to experience major declines despite speculation that some of them could be oversold, and could be set for a rebound. Those affected include dogwifhat (WIF), Bonk (BONK),...
Feds Governor Foresees Continued Pause With Interest Rate Cuts in 2024
According to reports, Federal Reserve Governor Michelle Bowman said she doesn’t expect the Fed to cut interest rates in 2024. Bowman cited persistent inflation in the first several months of...
Ethereum Gas Fees Hit Lowest In Four Years
Ethereum network witnessed a significant decline in its intraday average gas price, plunging to 6 Gwei. According to Etherscan metrics, this figure marks its lowest point since January 2020. On...
Mark Cuban Criticizes SEC’s Regulatory Policies, Prefers CFTC’s Authority
In response to Republican Presidential candidate Donald Trump’s public embrace of cryptocurrencies, American television personality Mark Cuban spotlighted the necessity of clear crypto regulations. Cuban criticized the Securities and Exchange...
Ripple, XRPL Labs Join Hedera & Algorand in DeRec Alliance
In a move that has attracted the interest of market participants, Ripple and XRPL Labs have partnered with Swirlds Labs and the Algorand Foundation to establish the DeRec Alliance. The...
Solana’s SOL Gains 8% Amid Insider’s $153K Minette Windfall
Insider gains $153K from Minette tokens in 15 hours. Solana ups by 8% as Bull Bear Power signals bullish market control. SOL nears $159 resistance as bullish trend eyes the...
AI Coins Surge Driven by Nvidia’s Earnings and OpenAI’s Big Move
Bullish attitude dominates in the AI market, as seen by strong price increases for numerous AI currencies. Semiconductor companies are driving AI coin rallies, with Nvidia’s earnings report and market...
Binance, KuCoin Secure India FIU Registration Amid Regulatory Storm
Binance’s compliance status remains uncertain pending a hearing with FIU-IND. KuCoin and Binance are working towards compliance with India’s anti-money laundering regulations. Indian authorities are tightening regulations, leading some exchanges...
FTX’s Bankman-Fried Trading Rice Behind Bars Amid Fraud Conviction Appeal
Sam Bankman-Fried, co-founder of FTX, is now using rice as currency while he is being detained in MDC, Brooklyn, for his fraudulent activities and will serve a 25-year sentence. Bankman-Fried...
Tesla Now Accepts Dogecoin, Could X Follow Suit?
Elon Musk, a longtime supporter of Dogecoin (DOGE), has integrated the meme-based cryptocurrency into Tesla’s payment system. Customers can now purchase select merchandise using DOGE on the Tesla website. This...
Bitcoin’s ‘Kimchi Premium’ Shrinks Amidst South Korea’s Fading Crypto Fervor
The Kimchi Premium, often regarded as a gauge of South Korea’s interest in cryptocurrencies, has been consistently decreasing, hitting 1.54% on a recent Friday afternoon in Asia. This metric reflects...
RNDR Surges 11% Following Apple’s Octane Mention
Render Token (RNDR) printed an 11% uptick after Apple briefly mentioned Octane, a 3D design software powered by the Render Network while unveiling its latest iPad featuring the M4 chip. ...
Shiba Inu Burn Rate Spikes Over 5500%, SHIB Readies for Rally
The meme coin sector recently witnessed Shiba Inu grabbing attention again as its burn rate soared by over 5500%. On May 10, the Shibburn tracker reported that approximately 26 million...
Dogwifhat’s WIF Gains 13% Weekly Attracting $4.2M Whale Purchase
Dogwifhat (WIF), a Solana-based token inspired by a dog meme wearing a pink knitted cap, has surprised the market. Despite a bearish month for cryptocurrencies, WIF’s valuation defies gravity, soaring...
BlockFi Announces Coinbase As Distribution Partner Ahead of Platform Shutdown
BlockFi, the now-bankrupt digital asset lender, has announced adopting Coinbase as a distribution partner. In a recent blog post, the former crypto platform noted that working with Coinbase will ensure...
Kraken Asks The Court to Dismiss The SEC’s Case in Recent Filing
Kraken, a United States-based cryptocurrency exchange, has filed a motion asking the court to dismiss a case filed against it by the U.S. Securities and Exchange Commission (SEC). According to...
Pantera Capital Leads Blockchain Investment in Telegram’s TON
In a move signaling confidence in the future of Telegram’s blockchain network, Pantera Capital, a leading venture capital firm specializing in blockchain technology announced its largest ever investment in TON....
Ohio State’s Bitcoin Blunder As Public Pushback Unleashes Crypto Conundrum
As per Bloomberg report, the commencement speech at THE Ohio State University took a controversial twist as crypto entrepreneur Chris Pan’s remarks on Bitcoin were met with boos and jeers...
Will Bitcoin Hit $1 Million By 2030? Insights from Jack Dorsey
Jack Dorsey, the former CEO of Twitter, reiterated his bullish perspective on Bitcoin (BTC), forecasting that the pioneer cryptocurrency could reach $1 million by 2030. He added that Bitcoin could...
Eclipse Founder Distances Himself from the Firm Amid Allegations of Sexual Misconduct
Neel Somani, the founder of Eclipse, Ethereum’s fastest L2 solution powered by the Solana Virtual Machine, focused on privacy, security, and decentralization, has faced allegations of misconduct, ranging from inappropriate...
Canadian Financial Watchdog Fines Binance $4.4M Over Policy Breaches
Canada’s financial crime watchdog, the Financial Transactions and Reports Analysis Centre (FINTRAC), has fined Binance, the world’s largest cryptocurrency exchange by trading volume, a hefty penalty of 6 million Canadian...
Base Sees Increasing Adoption: Does It Hint at a Base Season?
Base, a relatively new Ethereum Layer 2 network launched by Coinbase, has seen increasing adoption driven by the rise of SocialFi (Social Finance) applications and the growth of Base memecoins....
SBI VC Set To Become a Validator On The XRP Ledger From May 10
SBI VC, a foremost cryptocurrency exchange operator in Japan, has announced that it will begin operating nodes as a validator on the XRP ledger from May 10, 2024. According to...
Only 14% of Stablecoins Survive, Says Deutsche Bank Research Report
In a recent study, Deutsche Bank Research analysts concluded that most stablecoins failed, with only 14% surviving. Raising concerns regarding the future of stablecoins, the researchers posited, “Some may survive,...
Shiba Inu’s SHIB Price Slumps Despite Nexo Listing
Nexo lists Shiba Inu (SHIB), now trading at $0.00002273 amid a price drop. SHIB’s market cap fell to $13.41B as trading volume dropped by 34.91%. Key support at $0.00002264 could...
