Category Archive: Cryptocurrency, No picture
Solana-based meme coins surge 8x over Ethereum counterparts in 2024
Key Takeaways Solana meme coins averaged 8,469% returns YTD, vastly outperforming Ethereum’s 962%. Political meme tokens emerged as a $784M subcategory within the $57.7B meme coin market. Solana-based meme coins have significantly outperformed their Ethereum-based counterparts, yielding an average return of 8,469% compared to 962% for Ethereum meme coins year-to-date. According to the “CMC 2024 […]
Crypto VC investments continue to improve by quarter despite general market decline — Galaxy Digital
Key Takeaways Crypto venture capital investments slightly increased to $3.19 billion in Q2 2024. The median deal size and pre-money valuations in crypto ventures rose, reflecting a competitive investment environment. Crypto venture capital investment demonstrated resilience in the second quarter of 2024, according to a recent report by Galaxy Digital. Despite a lull in the […]
Bitcoin sinks under $60,000 as $157 million in long positions are liquidated
Key Takeaways Bitcoin fell 4.4% in 24 hours, dropping below $60,000 and triggering $157m in long position liquidations. Market concerns stem from potential Mt. Gox creditor sell-offs and Fed Chairman Powell’s remarks on US economic instability. Bitcoin (BTC) is down 4.4% in the past 24 hours after losing the $60,000 price floor today, according to […]
Mt. Gox Bitcoin sell-off fears are exaggerated: CoinShares study
Key Takeaways Effective communication is crucial for building strong relationships and achieving success in both personal and professional settings. Developing a growth mindset can significantly enhance one’s ability to learn, adapt, and overcome challenges throughout life. The idea of the Mt. Gox Bitcoin (BTC) sell-off spooked the crypto market more than the actual impact it […]
BODEN meme coin drops 95% as broader PoliFi sector turns sour
Key Takeaways Trump and Biden-themed PoliFi tokens have declined significantly as the US election approaches. Despite Trump’s improving electoral odds, Trump-themed tokens continue to fall. The political finance (PoliFi) sector is experiencing a significant downturn as the US presidential race heats up, with many popular tokens seeing dramatic losses.The Solana-based Jeo Boden (BODEN) token, a […]
Bitcoin miner Genesis Digital Assets explores US IPO amid crypto resurgence
Key Takeaways Genesis Digital Assets is consulting on a potential US IPO with plans for a pre-IPO funding round. The firm has expanded its global presence with over 20 mining facilities and a new site in Argentina. Genesis Digital Assets (GDA), a major Bitcoin mining firm, is considering a potential initial public offering in the […]
Spot Ethereum ETFs could debut week of July 15, says ETF expert
Key Takeaways Spot Ethereum ETFs are expected to launch the week of July 15, pending final S-1 approvals. The SEC’s amendment due date potentially influences the launch timeline. Spot Ethereum exchange-traded funds (ETFs) are expected to launch the week of July 15 as ETF issuers are making headway with the security regulator, according to Nate […]
Solana promotes decentralized TicketMaster alternative XP in twitter video
Key Takeaways XP platform promises significant savings on ticket fees. The system uses tpNFTs for enhanced security and authenticity in ticket sales. Solana just dropped a new video to promote XP, a decentralized alternative to TicketMaster. The release focuses on the problems with the US ticket industry and how XP solves this so-called ‘Ticketmaster problem’ […]
Cipher Mining mines 176 Bitcoin in June, holds over 2,200 BTC
Key Takeaways Cipher Mining mined 176 Bitcoin last month. Cipher Mining’s total Bitcoin holdings reached 6,154 BTC by June end. Cipher Mining, a prominent Bitcoin mining firm backed by BlackRock, has revealed its June Bitcoin mining update. According to a press release published Tuesday, the company mined 176 Bitcoin (BTC) last month, bringing its total […]
AI network Bittensor token drops 15% as possible hack leads to chain halt
The token associated with Bittensor, a decentralized artificial intelligence network, has fallen sharply amid reports of a possible security breach. The native token, TAO, dropped more than 15% in the past 24 hours, from $281 to $237, according to data from CoinGecko.Bittensor co-founder Jacob Robert Steeves confirmed that the network has been temporarily suspended while […]
