The US SEC has stepped up its scrutiny of Ethereum, inadvertently uniting the crypto community against it. Ripple CEO Brad Garlinghouse said the US Securities and Exchange Commission (SEC) would lose its war against Ethereum. In a March 22 post on social media platform X (formerly Twitter), Garlinghouse pointed out that the financial regulator lost its securities classification battle against his…
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In Brief Aptos price is trading at $60, only 20% away from establishing a fresh all-time high above $19.92. Long liquidations in the past week have amounted to more than $9 million, which are now coming to an end. Average Directional Index suggests the active bullish trend is picking up pace. Aptos (APT) price is…
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In Brief BlackRock shows strong preference for Bitcoin over Ethereum among its clients, with “very, very little” interest in an Ethereum ETF. Robert Mitchnick, Head of Digital Assets, shared insights at the Bitcoin Investor Day, indicating Bitcoin remains the primary focus. Challenges with Ethereum underscore the complexities of digital asset management, influencing BlackRock’s cautious approach.…
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BlackRock’s BUIDL wallet has received memecoins donation from the crypto community. Asset management firm BlackRock selected Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). According to BlackRock: “BUIDL seeks to offer a stable value of $1 per token and pays daily accrued dividends directly to investors’ wallets as new tokens each…
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In Brief Crypto traders are moving from Solana to Coinbase’s Base meme coins, indicating a shift in market focus. Rekt Fencer, who allegedly made over $1 million from Solana memes, champions the potential of Base tokens. Coinbase to launch a service for over 100 million users to trade Base coins easily, boosting the sector’s appeal.…
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In Brief Chainlink, Cardano, and Polkadot lead in development and community engagement. Significant increases in social activity and project contributions noted for these cryptos. Technical analysts remain optimistic about future price potential growth of these altcoins. Several altcoins have emerged as front-runners in terms of development and community engagement. According to recent blockchain analytics by…
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The central bank also reaffirmed its intention to cut rates during 2024, driving the odds of a June cut to 70%. The US Federal Reserve announced on March 20 that it would keep interest rates steady at 5.25% to 5.5% — aligning with market expectations and easing concerns of a more aggressive tightening of monetary policy. Additionally,…
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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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