A widely respected cryptocurrency trader says two memecoins could soar ahead of the US presidential election in November. Pseudonymous cryptocurrency analyst Altcoin Sherpa says 216,000 followers on social media platform TRUMP was created inspired by former President Donald Trump, who is running for president again. BODEN takes inspiration from US President Joe Biden, who is running for re-election against Trump, citing the misspelling of his name. “The current meme strategy for me is to focus on one area: American politics. I own TRUMP and would like to buy BODEN. That will be the biggest story when the election actually gets…
Author: Crypto Flexs
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Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold in late April. Among the top five, FDUSD is currently the leader in terms of 30-day growth, with supply up 15.3%. The value of stablecoins remains steady with small growth after a period of rapid growth (…)
Ethereum’s average transaction fees have reached an all-time low as more activity moves to the chain’s layer 2 (L2) network.Average gas dropped to 4.81 Gwei, according to Ultrasound.money data. This is the lowest level since the network completed its Merge event in 2022.Market observers attributed this decline to increased activity on the L2 network following the completion of the Dencun upgrade. The Dencun upgrade significantly reduced fees on the L2 network, making transactions on the base layer less attractive.In particular, IntoTheBlock, a blockchain analysis platform reported:“We are now seeing an increasing number of transactions being processed on Ethereum Layer 2.…
Bitcoin (BTC) challenged the $60,000 support by the daily close on May 10 as a classic post-halving “danger zone” scared bulls.BTC/USD 1-hour chart. Source: TradingViewBTC price gives up gains above $60,000.The intraday low for BTC price on Bitstamp is $60,190, according to data from Cointelegraph Markets Pro and TradingView.The sudden decline thwarted attempts to hold on to levels around $63,000, and there are conflicting explanations as to why.“We swept up not only the monthly openings but also the monthly buyers. If the bulls want higher prices and want to break this downtrend, it’s here and now.” Popular trader Skew wrote…
Dubai, United Arab Emirates, May 11, 2024, Chainwire Match System CEO Andrei Kutin announced the full recovery of $68 million in stolen cryptocurrency assets from Cryptex. summary: $68 million from incidents related to the “Dust” attack that took place on May 3, 2024, was fully returned to victims today with the participation of cybersecurity agency Match Systems and the Cryptex cryptocurrency exchange. Currently, the victim has not filed any complaints against the perpetrator. On May 3, 2024, one of the cryptocurrency whales fell victim to a classic dust attack (or “dandruff attack”), resulting in the theft of 1,155.28 WBTC, worth…
San Francisco, May 9, 2024 — WisdomTree, a prominent wealth management company, has launched WisdomTree Prime, an innovative financial app targeting 75% of the U.S. population across 41 states, despite shareholder wishes. This strategic expansion is powered by the Stellar Development Foundation, which supports the app’s robust digital asset services. WisdomTree aligns with its goal of simplifying financial operations for users by integrating Stellar’s efficient trading platform to power WisdomTree Prime. “Since our first launch in app stores in select states last summer, we have seen strong momentum on everything from new digital fund launches, payments capabilities, and collaboration with…
VELO is the latest sensation in the cryptocurrency market, earning it the nickname “XRP of Southeast Asia.” Over the past six weeks, the cryptocurrency has surged 358% in value, capturing the attention of traders around the world. VELO soared 358% in 6 weeks. Velo Labs developed VELO, designed to enable digital credit issuance and borderless asset transfers for businesses. This protocol uses smart contracts to facilitate transactions. It provides a secure and transparent way to transfer value across borders. Like XRP, which aims to improve the efficiency of cross-border payments, it focuses on strengthening financial infrastructure and enabling seamless transfers.…
The address poisoning attacker, who tricked users into sending him $68 million worth of wBTC at the time (1,155 wBTC), has received back almost all of his stolen funds, blockchain data shows. The funds were exchanged for Ether while in the attackers’ possession, and the price of ETH subsequently fell. However, the attackers returned approximately 22,960 Ether (ETH) worth $65.7 million, or more than 96% of the US dollar value of the initially stolen funds.The address poisoning victim was found to have more than 22,000 ETH in his wallet. Source: EtherscanAt 8:47 AM UTC on May 10, several wallets began…
BlackRock and Fidelity’s cash Bitcoin exchange-traded fund (ETF) has broken the previous record for a fund reaching $10 billion in assets under management in significantly less time than the previous record holder, as noted by Bloomberg’s Senior ETF. Eric Balchunas, analyst at social media platform X.“Prior to the Bitcoin ETF, the record speed for an ETF to reach $10 billion in assets was held by JEPQ, which did so in 647 trading days (about 3 years), IBIT in 49 days, and FBTC in 77 days.” wrote. JEPQ is the JPMorgan Nasdaq Equity Premium Income ETF. According to Yahoo Finance, it…
The Zilliqa network has recently experienced several operational outages, which affected block production on the mainnet. However, as of May 10, all network functions were restored, but the cause is still under investigation. Zilliqa informed the community that the network is now online following a “temporary disruption to block production on the mainnet.” As network functionality is restored, the infrastructure team “continues to monitor the stability of the network while diagnosing the root cause of the recent outage.” source: ZilliqaFollowing initial signs of outage on May 8, when slow block generation speeds were observed, the Zilliqa Network technical team remained…