In Brief Solana emerges as the “Apple of crypto,” innovating with a focus on leveraging hardware to enhance the Web3 experience. Its network performance and commitment to community and ecosystem development set it apart as a serious competitor. Technical enhancements and strategic partnerships reflect Solana’s leadership in bridging blockchain with financial systems. New research suggests…
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Memecoins are surging in 2024, with many Solana-based tokens experiencing meteoric rises in price as the bulls finally dictate the crypto market. One example is dogwifhat (WIF), a token derived from the Dogwifhat meme (an image of a dog sporting a woolen hat) that became initially popular on Twitter (X) in late 2019. Here’s what to know about…
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Over the weekend, Solana-based memecoins pre-sale frenzy had generated around $100 million. The developer of the Slerf memecoin inadvertently burned both the liquidity pool and the 500 million tokens designated for pre-sale participants in a botched launch today. The project had successfully raised over $10 million during its pre-sale. Over the weekend, the project was one of…
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In Brief The blockchain industry faces regulatory challenges, not a death sentence, aiming for a balance between innovation and compliance. Joshua Kershner emphasizes the importance of a compliance-first approach in crypto, advocating for engagement with legal counsel. The Biden administration’s proposed tax on crypto miners sparks concerns about stifling innovation and driving the industry out…
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Memecoin project Book of Meme (BOME) has emerged as the latest shining star in the crypto market over the last few days. Following its official launch this week, BOME has attracted much investor interest, acquiring a market cap of $1 billion within 48 hours of trading. BOME’s sudden emergence can be regarded as a silver…
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Solana is up 7% over the past 24 hours as Bitcoin takes a breather, down 7% from its all-time high. Bitcoin had the most volatile weekend in a year as Bitcoin slipped as low as $64,550 after reaching a new all-time high of $72.760 on Thursday, March 14. As of press time, Bitcoin has recovered…
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In Brief After Arbitrum’s recent token unlocking event, approximately 8.95 million ARB tokens, valued at $16.4 million, were transferred to Binance. This move, often interpreted as bearish in the crypto market, coincided with a broader downturn, causing ARB’s price to drop to $1.62. Despite the price decline, Arbitrum remains a dominant force in the Ethereum…
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In Brief Since the beginnig of th eyear, Bitcoin and Ethereum have emerged as some of the best-performing digital assets. However, Shiba Inu’s SHIB token has outperformed both Bitcoin and Ethereum in the ongoing crypto market rally. Notably, this surge occurs amid Shibarium witnessing a record number of transactions exceeding 412 million. Shiba Inu has…
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JPMorgan analysts believe MicroStrategy’s debt-funding approach to Bitcoin purchases could worsen a market downturn. MicroStrategy could raise as much as $600 million from its latest convertible debt offering to purchase more Bitcoin. However, JPMorgan analysts have reportedly cautioned that the firm’s reliance on debt to purchase Bitcoin could exacerbate a market downturn. The firm, led by BTC advocate Michael Saylor, has acquired over…
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In Brief Solana’s new BOME token surges 20x in 3 hours after Darkfarms’ presale to reach a market capitalization of over $80 million. The pre-sale exceeded expectations, drawing in 10,131 SOL instead of the expected 500 to 600, mostly from Sino-British traders. The Book of Meme features a meme creation tool and a comprehensive meme…
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