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The cryptocurrency market experienced a slight dip recently, with Solana’s meme coin, Bonk (BONK), taking a hit of 8% overnight. This decline was part of a broader pullback that also affected major players like Bitcoin (BTC) and Ethereum (ETH). At the moment, Bonk is trading at $0.00002427, which marks a significant drop from its all-time
Following the recent halving event, Bitcoin saw a dip in price to $62,500, causing concerns among traders. However, experts believe that financial institutions’ increasing involvement in the cryptocurrency market and historical trends indicate a potential rally in the near future. Despite the current downtrend, there is optimism surrounding Bitcoin’s future price movement. Shiba Inu, a
Google Cloud, the cloud computing service of tech giant Google, is making waves in the blockchain space with the recent launch of its Web3 portal. This new platform is designed to cater to blockchain developers interested in creating non-fungible tokens (NFTs) and decentralized applications (DApps). The Web3 portal offers a wide array of resources, products,
Yuga Labs, a prominent player in the crypto space known for its Bored Ape Yacht Club NFT project, recently made headlines with a significant restructuring initiative. Despite reaching a peak valuation of $4 billion and gaining widespread recognition, the company’s CEO, Greg Solano, acknowledged the need for change. The restructuring includes layoffs and a strategic
The recent SEC action against Uniswap has raised concerns about the regulatory future of the DeFi space. The SEC alleges that certain tokens traded on Uniswap, such as those issued through ICOs, constitute investment contracts and, therefore, securities. Uniswap is accused of enabling the trading of these tokens without appropriate registration and regulatory oversight, thus
The Bitcoin network has recently experienced a significant surge in trading activity following the halving event. While the halving did generate considerable attention for Bitcoin, the increase in trading activity can be attributed to other factors. Data from on-chain analytics platform IntoTheBlock reveals that the number of daily BTC transactions has spiked to a new
The meme coin sector has been experiencing significant growth during the latest bull cycle, evidenced by its market capitalization briefly exceeding $60 billion. This surge can be attributed to popular assets like Dogecoin (DOGE) and Shiba Inu (SHIB) leading the way, along with newer tokens such as dogwifhat (WIF), Bonk Inu (BONK), and Pepe (PEPE)
Peter Brandt, a well-known crypto expert, recently suggested that the Bitcoin top for this market cycle may have already occurred. He based his conclusion on his “exponential decay” thesis, which he believes could actually benefit the Bitcoin ecosystem. Brandt pointed to historical data indicating that Bitcoin’s price has peaked, referencing an “exponential decay” pattern that
Recently, the Bitcoin network achieved a remarkable milestone as its daily transactions peaked at 927,000, exceeding the previous record of 724,000 set in December 2023. This surge in transaction volume can be attributed to the introduction of Runes, a new token standard on the Bitcoin blockchain. The increased activity indicates a growing interest and utility