According to Apollo Crypto’s head of investment, sales of non-fungible tokens (NFTs) fell 44% in the second quarter amid a recent surge in meme coins featuring celebrities, politicians, and animals, and a slump in the cryptocurrency market. According to data from CryptoSlam, NFT sales fell from $4.14 billion in Q1 to $2.32 billion in Q2, part of a broader market slowdown.“Q2 was a difficult market, with Bitcoin down 15% and many altcoins performing even worse,” Henrik Andersen, chief investment officer at Apollo Crypto, told Cointelegraph.Monthly NFT trading volume since June 2017. Source: CryptoSlam“(However), meme coins are likely to take some…
Author: Crypto Flexs
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Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. Cryptocurrency traders are constantly pursuing: Best Cryptocurrency to Buy Every day. In this post, we highlight some coins with high potential. With the demand for promising altcoins with significant yield potential growing, several tokens have been gaining attention recently with significant increases in value. InsideBitcoins offers a variety of tokens that are of interest to investors due to their development and growth potential. It can be beneficial to closely monitor these alternative coins, especially if the market conditions continue to improve. Best Cryptocurrencies…
Binance has announced a limited-time promotion for USDC Simple Earn Flexible Products, giving users the opportunity to earn up to 7% APR rewards. According to Binance, the promotion will run from July 2, 2024 to July 15, 2024.Promotion DetailsUsers who sign up for USDC Simple Earn Flexible Products during the promotional period will enjoy an exclusive bonus tier APR of 4% on top of the live APR of approximately 3%. This combination allows participants to potentially earn a total APR of 7%.The subscription process operates on a first-come, first-served basis. Users must complete their subscription…
PowerPool 2.0: Capturing the AI Agent Market – Chainwire We use cookies to make the Chainwire website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising, and provide web analytics for us. Technical storage or access is strictly necessary for the legitimate purpose of enabling the Subscriber or User to use specific services expressly requested by the Subscriber or User, or for the sole purpose of transmitting communications via electronic communications networks. Technical storage or access is necessary for the legitimate purpose of storing preferences that have not been requested by the…
PowerPool 2.0: Capturing the AI Agent Market – Chainwire We use cookies to make the Chainwire website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising, and provide web analytics for us. Technical storage or access is strictly necessary for the legitimate purpose of enabling the Subscriber or User to use specific services expressly requested by the Subscriber or User, or for the sole purpose of transmitting communications via electronic communications networks. Technical storage or access is necessary for the legitimate purpose of storing preferences that have not been requested by the…
According to on-chain data, long-term Ethereum holders have recently been increasing their total share of the cryptocurrency’s supply. Currently, Ethereum HODLers hold the majority of the ETH supply. According to data shared by market intelligence platform IntoTheBlock in a post on X, the supply of long-term Ethereum holders has been increasing recently. “Long-term holders” (LTH), as defined by IntoTheBlock, are ETH investors who purchased ETH more than a year ago. Statistically, the longer an investor holds a coin, the less likely they are to sell it at any point. Therefore, these LTHs that tend to be long-term holders include those…
Company • July 2, 2024 3:19 AM EDT Posted 1 minute earlier In ~ Iris Energy, an Australian-based Bitcoin mining company, recently raised about $413.4 million in a share offering to fund its expansion following the Bitcoin halving.The Nasdaq-listed company raised money by selling 39.8 million shares between May 15 and June 28, the company said Monday. namefirst Reported According to TheMinerMag, the company’s 2024 expansion plans are fully funded with $425.3 million in cash reserves, including market proceeds due in July, and no debt.According to the press release, Iris Energy plans to expand operations to reach 30 EH/s in…
ChainGPT integrates with Solana for IDO. The Solana network has experienced significant growth. Phantom Wallet integration ensures user connectivity. Finding funding has always been one of the most difficult challenges when starting a project in the startup space. However, for cryptocurrency startups, this process is simplified as they utilize blockchain technology to reach the community without intermediaries. Although not without its drawbacks, the Initial DEX Offerings (IDO) process is much more democratic than traditional startup funding. Specifically, IDOs are open to everyone, not just seasoned investors and venture capitalists. Thanks to these advantages, ChainGPT recently expanded its IDO launchpad and…
Cryptocurrency exchange OKX has announced its support for the upcoming RNDR token migration to RENDER, in accordance with the official plan set by Render Network. The migration will be carried out at a 1:1 ratio and will follow a systematic schedule to ensure a smooth transition for users.Migration ScheduleThe migration process is scheduled to begin on July 9, 2024. As part of this process, all pending orders for RNDR tokens will be canceled and RNDR spot trading pairs RNDR/USDT and RNDR/USDC will be suspended at 8:00 UTC on the same day. After that, RNDR transfers,…
Funds • July 2, 2024 1:08 AM EDT Posted 1 minute earlier In ~ The 11 U.S. spot Bitcoin exchange-traded funds reported positive inflows for the fifth straight day on Monday, with a total daily net inflow of $129.45 million. Monday’s net inflows also marked the largest fund acquisition the ETF has seen since June 7.Fidelity’s FBTC led the way yesterday with $65 million inflows, while Bitwise’s BITB recorded $41 million. data At SosoValue, Ark Invest and 21Shares’ ARKB reported net inflows of $13 million. Funds from Invesco, Galaxy Digital, VanEck and Franklin Templeton saw relatively small inflows of less…