UFC fighter Khamzat Chimaev “was not involved” in SMASH Mimecoin and “knows as little about it as you do,” Chimaev’s manager Majidi Shamas said in a July 7 post to X. Shamas claimed that Chimaev decided to promote the coin without the fighter’s input after being “approached by a group of alleged fans.”The statement comes days after on-chain sleuth ZachXBT accused the SMASH development team of purchasing 78% of the coin supply in an attempt to conduct a pump and dump. Memecoin SMASH is a separate project from the privacy coin SmashCash, which uses the same ticker symbol.In the post,…
Author: Crypto Flexs
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Token Project • July 8, 2024 2:16 PM EDT Posted 1 minute earlier In ~ On Monday, Lionel Messi’s Instagram account suddenly posted a story that appeared to promote the Solana Mimecoin WATER.Messi’s Instagram account has 504 million followers, making him the second most-followed person on the planet after footballer Cristiano Ronaldo. An Instagram account linked to the WATER memecoin also shared the story in a post showing a photo of Messi with the Memecoin logo peeking over his shoulder. Memecoin’s X page has over 185,000 followers, but the post had not appeared as of Monday afternoon.According to CoinGecko data,…
According to data, Bitcoin sentiment is getting close to entering extreme greed territory. Let’s take a look at what this could mean for the cryptocurrency price. The Bitcoin Fear and Greed Index has been falling steadily recently. The “Fear and Greed Index” is an indicator developed by Alternative that provides an average sentiment shared by traders in Bitcoin and the broader cryptocurrency markets. This index determines this sentiment using five factors: volatility, volume, social media, market cap dominance, and Google trends. This indicator uses a numerical scale from 0 to 100 to indicate mentality. Any indicator value above the 53…
According to Bitfinex Alpha, the Bitcoin (BTC) price broke below its 120-day range on July 3rd, reaching $53,219 as the market reacted to concerns about potential sell-offs from both the German government and Mt. Gox bondholders. However, recent market data suggests that a potential local bottom could be in sight. Market Reaction and Volatility The market began to contextualize the fact that the huge amount of face value of BTC transferred by the German government to exchanges was relatively small compared to the total Bitcoin bought and sold since 2023. This realization helped to calm…
Bitcoin held its ground slightly higher on July 8 as Wall Street opened with U.S. stocks hitting new highs.BTC/USD 1-hour chart. Source: TradingViewBitcoin continues to decouple from sky-high stocks and gold.Bitcoin (BTC) price is locked in a fierce price battle for $56,000, according to data from Cointelegraph Markets Pro and TradingView.Spot prices declined throughout the weekend amid rising volatility and low liquidity, and were turbulent after the weekly close on July 7, but rebounded during the Asian trading session.Cryptocurrency markets then fell again, sparking a broader exodus from risky assets as the S&P 500 and Nasdaq Composite hit new highs…
We have partnered with Web3 bug bounty platform Immunefi. Ethereum Ethereum +1.27% The Foundation is launching “Attackathon,” a large-scale collaborative auditing competition for the Ethereum network.This event will feature a limited-time code review program that will engage top security researchers on Ethereum’s security and technology to find bugs in the core protocol.Ethereum developers and ecosystem projects are invited to contribute to the program’s reward pool. The Ethereum Foundation has contributed $500,000 to the reward pool, which will be used to reward security researchers and developers for discovering security issues and bugs.The event also includes an educational component aimed at increasing…
Justin Sun announced that developers are currently working on a stablecoin transfer solution that can operate without gas fees on the TRON (TRX) network. The cryptocurrency billionaire said the new service will launch later this year, first on TRON and then expanding to Ethereum (ETH) and other EVM-compatible chains. “Our team is developing a new solution that enables gas-free stablecoin transfers. This means that transfers can be made without paying gas tokens, and the fees are fully covered by the stablecoin itself. This innovation will first be implemented on the Tron blockchain and will later support Ethereum and all EVM…
BNB Chain has released a new multi-data storage solution for BNB Smart Chain (BSC) Geth nodes, which aims to address performance inefficiencies caused by rapid growth in data volumes. According to the BNB Chain Blog, this new approach addresses issues related to mixed data storage patterns, reduced query efficiency, and optimization conflicts within a single key-value database. Current task Currently, BSC node data is stored in a single key-value database instance, categorized by different prefixes. This setup has caused several problems. Storing mixed data with different patterns is inefficient. As database size grows, query efficiency…
Interoperability protocol ZKM has announced its launch plans. Bitcoin Bitcoin +0.72% A second layer solution called GOAT Network is expected to be launched in late Q3.According to a statement shared by The Block, the project claims its solution will be the first decentralized Bitcoin layer 2 with shared ownership of the network.“GOAT Network’s Bitcoin L2 launch is a powerful first step in ZKM’s efforts to unite the fragmented Web3 world,” said Kevin Liu, GOAT Network Core Contributor, ZKM Co-Founder, and Metis Co-Founder. “We strongly believe in decentralization and are excited to enable a shared ownership model from day one.”Decentralized Sequencer…
Bitcoin fell 3.89% on Mt. Gox redemption and German government selloff. 75.48% of BTC holders were “in profit”, indicating potential bullish sentiment. Cryptocurrency markets had another tough day as the global market cap fell to $2.4 trillion, down 3.33% over the last 24 hours. Bitcoin has taken a hit! Bitcoin (BTC) in particular has drawn significant attention over the past week, with its steep decline fueled by rumors surrounding the Mt. Gox redemption process. In fact, on July 5th, as Mt. Gox began redemptions, BTC fell to its lowest level since February. Source: www.mtgox.com To make matters worse, the German…