Dogecoin (DOGE), Shiba Inu (SHIB), and Dogewifat (WIF) plunged on August 2 as the entire cryptocurrency market sold off. According to data from CoinMarketCap, the total market cap of Memecoin has decreased over the past 10 days, falling 21.5% from $54.7 billion on July 22 to $42.91 billion on August 2.Memecoin Market Cap and Daily Trading Volume. Source: CoinMarketCapDuring the same period, the total daily trading volume across the Mimecoin sector decreased by 21%.Mog Coin (MOG) was the biggest loser, losing 12% of its market cap over the past 24 hours. Book of Meme (BOME) followed with a 9% drop,…
Author: Crypto Flexs
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Company • August 2, 2024 2:03 PM EDT Posted 1 minute earlier In ~ It’s Friday! In today’s Daily, we look at Morgan Stanley’s plans to allow asset management advisors to pitch Bitcoin ETFs soon, Bybit says goodbye to France, Q2 results from three crypto companies, and more. Meanwhile, Genesis has completed its bankruptcy restructuring process and has begun distributing $4 billion in cryptocurrency and cash. Let’s begin.Morgan Stanley’s Wealth Advisor Proposes Bitcoin ETFMorgan Stanley will allow its asset managers to sell spot Bitcoin ETFs to some of its clients starting August 7, becoming the first major Wall Street bank…
Felix Pinkston 2 Aug 2024 13:28 Bitcoin Nashville 2024 brought together industry leaders, politicians, and enthusiasts to discuss the future of Bitcoin and its implications for society, politics, and technology. Bitcoin Nashville 2024, held from July 25-27, 2024, brought together influential figures from various fields including politics, technology, and finance to discuss the future of Bitcoin and its impact on society. Hosted by BTC Inc., the event was one of the largest Bitcoin conferences to date, drawing significant attention to the growing influence of cryptocurrencies. Bitcoin as a Movement The conference highlighted Bitcoin’s role…
Convergence of decentralized governance hedge fund platforms has been leveraged. 58 million CVG tokens were issued and exchanged. After the hack, the value of the CVG token plummeted 99% from $0.12 to $0.0004. On Thursday, a major breach occurred on decentralized finance (DeFi) protocol Convergence, causing the CVG token to crash dramatically. The attack resulted in the creation of 58 million CVG tokens, which were exchanged for approximately $200,000 worth of wrapped ether (wETH) and the crvFRAX stablecoin. Hackers exploited a vulnerability in Convergence’s codebase. According to QuillAudits, a web3 security company, the malicious activity was carried out by exploiting…
Scottie Pippen’s ETH game 5 BALL has launched with several issues. A renowned on-chain detective reveals his connection to a controversial NFT project. The X community asked Pippen questions about illegal token economics. NBA legend Scottie Pippen is under significant scrutiny after launching his own cryptocurrency on Ethereum (ETH): BALL, a token inspired by the Chicago Bulls’ iconic NBA Finals series and the Los Angeles Lakers’ Game 5 ball. The Backstory of Scottie Pippen’s Tokenized Ball Scottie Pippen’s perfect performance in Game 5, which earned him his first championship ring, was 32 points, outsourcing Michael Jordan’s 30-point contribution in the…
Bitcoin (BTC) fell $2,300 in the first hour of trading on Wall Street on August 2, reaching $62,368 on Coinbase. The Bitcoin price was virtually flat, up 1% over the past 24 hours, trading at $63,252.BTC/USD hourly chart. Source: TradingViewThe sell-off caused the price to lose key support levels, the 50-day exponential moving average (EMA) at $64,300 and the 100-day EMA at $63,670. “I just experienced the #Bitcoin sweep I’ve been waiting for and the range has recovered nicely,” Bitcoin analyst AlphaBTC declared in an August 2 post to X. The analyst noted Bitcoin’s price action since July 30, when…
The CFTC is investigating fraudulent cryptocurrency activity by unknown individuals, which may have involved 15 tokens, including the Mimecoin BEN.The agency issued a subpoena on July 16 to Hit Network, a cryptocurrency-focused media company that is the public face of Ben Armstrong, formerly known as “BitBoy.” The subpoena, seen by The Block, requests information on trading activity and digital wallets related to 15 tokens. The subpoena states that this is part of an investigation into individuals who have engaged in fraudulent and illegal activities related to digital currencies.Armstrong introduced all the tokens mentioned in various videos, for example: According to…
index Cryptocurrency markets continued their downtrend on Friday, with Bitcoin price dropping to $62,300. According to CoinGecko data, the meme coin market cap is down 4% today. Despite this, Popcat has shown impressive resilience, rising almost 5% today to trade at $0.63. Experts believe the popular Solana meme coin is on the verge of a major breakthrough that could send it soaring to new highs. Popcat’s mid-cap status means it has little correlation with the overall market outlook. Likewise, new low-cost meme coins like Pepe Unchained are seeing impressive growth in their pre-sales, with experts calling it one of the…
According to cryptocurrency analytics firm Santiment, decentralized oracle network Chainlink (LINK) continues to lead all ERC-20 projects in terms of recent development activity. Santiment points out that Chainlink has registered 401.53 notable GitHub events in the last 30 days. The Oracle Project also ranked first in June, recording 560.6 major events over 30 days. Status (SNT) ranked second with 370.73 events registered in the last 30 days. Status aims to provide users with a secure messaging app, crypto wallet, and web 3 browser through open source, peer-to-peer protocols, and end-to-end encryption. Ethereum (ETH) itself ranked third with 272.43 events. Source:…
Iris Coleman Aug 02, 2024 14:02 Arcam CEO Miguel Morel will be participating in keynotes, panel discussions, and workshops at Istanbul Blockchain Week. Miguel Morel, founder and CEO of Arkham Intelligence, will speak at Istanbul Blockchain Week (IBW) 2024, according to Arkham Intelligence. Morel will participate in keynote speeches, panel discussions, and workshops. Keynotes and Panel Discussions Morel’s keynote address is expected to cover the latest trends and innovations in blockchain technology, providing insights from his extensive experience in the industry. The panel discussion will feature industry leaders and experts who will explore the…